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Nobody is buying? Several of us are. Buying our the suckers selling. So wrong again
I agree. Once the distractions are completely out of the way, we can finally move on. MW hard at it and it's actually picking up. We'll see this company grow and grow very soon
You are so far behind. All the equipment works, bagger included. Shareholders have been there to see this. People are working there.
Conversely, show us unimpeachable proof it's not working that nothings happening....
Ifus is far from dead. It's all the way live.
Complete nonsense. Trust those who've been there. They've stated the facts
I'm not sure what's out of context by your statement, but having the file in hand the requests to the plaintiff and the judge's order for them to produce are very clear. "Provide this by this date!" It's not done.
The documented responses to the allegations with the evidence presented to them are ridiculous. Bloody clown show from these two. And what's worse is they took the time to think about these responses. I'm cracking up with this context notion. All that's missing which I intend to send some day is the big red nose and the neon green wig to these two.
I think Mike said it right and again to see the utter nonsense in the file is laughable.
The facts are simple, they broke several laws, the civil and criminal codes hace been cited appropriately and the evidence provided is the proof. They allowed their thieving ambition to take precedent over common sense, hot caught, got booted and all that's left is the payment and the cell door slammed on them.
Get used to this because these are facts! The two are criminals and they are done!
Face it. The boot boys are all but buried. File says it all and they have no chance.
Depends on what side of the fence your on. Shareholder or Nonshareholder. Shareholders are going to love it Ifus will win. Nothing in the case file from the plaintiffs points to a win. They haven't provided one shred of evidence a debt ever existed. Main case will bos tossed.
Then the countersuit. The boot boys haven't given a legal response or legal defence against the allegations.
If the boot boys had a case they blew it. They can't enter the information now it's inadmissible. It's failed the rules of discovery. This also means they are responsible for defendant's attorney fees and other costs. So they'll be paying the $3.5mm plus they lose the $250k and they pay attorney fees and other costs.
It's not over....
Then they face the shareholders. We intend to go after them.
It's still not over....
Then they face the prosecution for the crimes they've committed.
If your a Nonshareholder when it's over...sad you didn't jump in.
Yes but lower oil prices mean no new projects to keep those tanks full. Plus lifting and opersting costs median are about $44-48 bbl if you include labor. Maintenance costs are also high.
Service companies are not reducing their prices and neither are service contractors.
Yes there's a glut out there today but that'll run out after the winter. Plus with no new projects on the book, no money to service older producers, expect oil prices to jump. Financial groups are telling everyone to go long on oil...at least longer for now. The long term investment will more than double overnight.
I bought Oxy years ago for $59 and sold at $88. Four months later I bought those shares back at $72 and we're now almost at $76. Plus I get divs money. Can you say cash cow?
I bought BP at $29 right in the heart of the GOM disaster. Making money my friend.
Penny stock oil companies are no different. They need capital and I give it up. Go long.... no problem. High risk high reward. I've done this with 10 companies and I'm 70% good. Do your DD on the company and its operations and it's overall profile and decide. The market does play into this and as I've said. Smaller operators have it hard to compete BUT that makes them rope for takeover. I've played this out before and have done well.
GLTA
I can wait.......to cash in.
Absolutely wrong. For a small company like this. One that the plaintiffs are trying to force into bankruptcy and the nature of their actions was greed. There's no lawyer that I know of who'd allow Financials to be posted during the suit.
Having been a CEO and having been involved in malicious suits your lawyer will tell you up front to post little except updates to production......some company business. But nothing that leads to financial
It's not over until the sharehokders go after SA and JS. They tampered with my investment deliberately and maliciously for their own greed. They are going to be held accountable for it.
It means MW is acting responsibly. He won't file until after the case is closed. As a former CEO I understand him.
Shareholders have a fair idea of what's happening with the company. It's in good hands and is a sound investment
Yep really. Boot boys are finished. When I had my friend look at the file I asked SA and JS chances. Response. ...2% and that's with settlement. This guy is a former civil judge. He sees NOTHING in the file the points towards a judgement for the plaintiffs. Nothing!
Case will be closed. All that's left is the timing.
And you will when the case is closed
Martin is correct. First, boom brother haven't proven MW or IFUS owes anything. Court file says "pending" from discovery and after 9 requests AND a date passed from the Judge's order. ...."Case Dismissed!"
Now the counter suit, which is very well laid out. The laws cited and the evidence provided and NO DEFENSE except stupidity, judge issues tge order in favor of IFUS and MW...case closed except payment (to Ifus of course).
Then it gets worse for the boot boom bungle brothers. They get to play with shareholders and prosecutors. The judge will turn the file over to the prosecutors office with the evidence already on the file.
Boom brothers get the boom and face the broom...take out the trash!
I believe we will when the case is done. 1Q it's over for BB-s
Complete balderdash. Having the file in hand with a mountain of evidence, there's no way they come out of this suit clean. Prove one thing (how do you say...unimpeachable?). Prove there's a debt of $250k. No proof exists and they've been asked 9 times to provide. The judge gave them a date to comply and that's now passed. There is zero evidence a debt ever existed. Court docs say "pending" so with the judge's order not complied with, demonstrate a debt exists. It has failed in tge disvovery process.
Prove MW broke any law. Ifus CAN prove SA and JS broke several laws, evidence has been provided and the law has been cited. Again their response to the allegations are a joke! lololol. "We didn't know" ..."I didn't know"...."How's that against the law"....dumb and dumber defense. It ain't gonna fly and they'll soon be singing "their coming to take me away GA ho ho he he to the funny farm where life I'd good! " lol
Nonsense and here's why in bold:
Oh, of course. That's why IFUS doesn't have any working machines and you know this how? you haven't been there. Others have and reported differently. Please show proof.. It's why there is nothing going on at the site and no one there same as above, just utter nonsense. . Its why their only BOD member other than MW refuses to be part of the company anymore and went into hiding more than a year ago no one hiding, no reason to hide. not one single part of the legal system after anyone in ifus....but! The law is surely on SA and JS tails. JS has requested a to serve his sentence from home for "compassionate reasons." SA just faced a grand jury and faces NUMEROUS felony charges. Can't buy his way out of this mess he's in. Yet NONE facing MW or anyone in IFUS. Lastly, SA and JS hired a CRIMINAL DEFENSE firm...gee can't imagine why....but yet MW and IFUS has NOT.... . Its why IFUS has never released an audit demonstrate to me why we need it? How does this benefit the company? ... or even a simple OTC report OTC is corrupt and always has been and again, where does this benefit the company?. Its why no insider has ever bought one single share of stock ... never, not one!! Insider buying shares....illegal? Stock manipulation?
These are all things legitimate companies do, eh? Too funny!!! utter nonsense. Corrupt companies do this. This is what SA and JS wanted to do...look where they're at
Complete nonsense. Not one true statement
Many Happy Thanksgiving wishes to everyone, even to the boot brothers. It'll be their last free Thanksgiving for a while. So please enjoy it. They serve "turkey loaf" in prison I'm told.
God Bless
Bcs it's a legit company. There are shareholders who have done a lot of DD who've taken the time to go to the site, have seen the operation, gone to the courthouse and have the file in hand.
There are non shareholders who've never been to site and who have never seen the file or evidence.
Your choice in who you trust. Shareholders know the facts and the truth. Ifus is all the way live!
Ifus will publish for sure and they'll exist by all means. If you think the law suits will sink Ifus you are deeply mistaken.
Well the "heavily invested cheerleaders" are not involved in a legal battle. If you've ever been involved in one the FIRST thing your lawyer WILL tell you is not to go public about anything. No publicized financials, no PR's until the mess is done.
In this case, very soon.
White jacket batter babble. More desperation from the boot boys. The old well should be about cleaned out by now from the dusted off nonsense.
They have treatment for that type of real world. I have the real file with real proof and hard evidence. Might wanna start thinking about reality and things that are tangible. Take a trip to Florida, get the tangible yourself. You'll see reality does exist
Pure nonsense. SA and JS are now respirate. They drum up regurgitated lies. Digging into an old well.
Opening sentence says it all.
Who told you that nonsense?
I agree and can't wait. I'm having a lot of fun buying up cheapies in the process.
It'll all be over soon. Boot boys have no chance at their case. No proof of a debt and no legal response to the allegations they've been confronted with.....including felony level accusations.
Can you imagine being confronted with hard evidence in a civil case and the legal response being "We didn't know.....I didn't know.....and (my favorite)...how's that against the law?" It's no wonder they've changed law firms as much as they have AND why they've ran out to hire a criminal defense team (who they've stiffed...haven't paid them).
Dumb and dumber defense.
Next business the clink brothers open will be Life Boy Soap on a Rope.lololol. I'm having fun of course. Why? I love ALL THIS JAZZ, isn't it obvious? I can't wait to see this (finally) get in front of the judge....
I've looked at this file so much and the things I see are utterly pathetic. JS....its quite obvious wife beating isn't his only hobby. Admitted in writing he broke the law and stole company assets and committed fraud. "Yeah I used that study. I helped put that study together.....Yeah I knew the company owned the study, but I helped work on it. How would I know it was proprietary? I didn't know I would need a signed release."
I was literally waiting to read "are you stupid" and "stupid is what stupid does" as a response......
Hmmm, again, with the file in hand and the action left open for the plaintiffs to provide a copy of the documents PROVING a debt exists....after 9 requests....still not done.
Reading further, I see the judge ordered SA to comply by November 20th. That date has come and gone and not provided.
Rules of discovery are very clear....Plaintiff's case is drift wood.
A hail marry couldn't save them
Pure supposition and conjecture. N9t one statement factual. You say this as if you know the man personally and you don't.
You defend the boot boys? For what? Having the file WITH the facts, these two by their own admission are heartless! And you think they "stood up?" Stood up for themselves, stole form Ifus, MW and the Shareholders. They stole the studies, marketed them under a different name (fraud) and looking through the file WITH hard proof of all this, we see the real characters. SA and JS are criminals. Their defense teams will not be able to save them, and they know it.
This settlement nonsense. Again, having this file from the courthouse in front of me there's no way MW are his shareholders are pressing for settlement. No proof a debt exists and no legal answers to the allegations except "I didn't know, we didn't realize we were breaking the law" or my favorite "How's that against the law? "
Dumb and dumber defense ain't gonna work. Pass that on to them. They know this already. They've changed law firms over this.
I laugh every time I look at this file. I also laugh at this nonsense posted....
Next discussion....the hired gun from the boot boys.
Having the file with the FACTS in hand. It appears quite different. It appears MW was the only one who cared about the company or the sharehokders and stood up. I also reinforce that the majority of the shareholders (meaning the number of shares) support MW.
I know. And that's what's going to sink them
I spoke to a couple of corporate level contracts and finance legal types to gain a more thorough understanding of the "contract-loan-debt" relationships. My original assumptions were correct.
Referring to the file, the minimum requirements to "legally" establish a "debt" and to "legally" establish a 'legally enforceable loan" there are minimum standards that have to be met, which DO NOT exist in favor of the boot boys. First, a "promissory note" that clearly defines the terms and conditions one party is to pay another party a define sum of money on demand or either a date or series of dates. It also has to establish the amount due, interest rate and maturity date. If there are assets used to secure the loan, it also has to be specified.
There is also a legal connection required in process to demonstrate the money was provided for the intended purpose.
I can say the legal minimums do not exist and even though asked for and yet to be provided, the boot boys have zero case to support their claims.
At best their claim will be dismissed.
You are right in assuming the court may look at this as a gift. It's certainly not a loan by any legal standard.
I'm also buying more shares and with my own DD on the Ifus case complete, I'm going to buy a lot more.
It'd be nice to see the company's plan to reduce lifting and other costs. Also be nice to see their lifting design and strategy. There may be opportunities to cut costs and increase production (water flood, gas compression and injection, multi laterals, steam frac...). The problem with smaller companies with low yield fields, their recovery factors were initially set at 40-60%. New technology presents higher recovery opportunities.....but at what cost and versus what return?
Rig counts are ok for short term review in O&G but we're finding more and more today big rigs being used to enhance production rather than new development or exploration.
Unless we're talking about offshore rigs, GOM, California and Alaska it's just good short term news.
Land based rigs in the US are interesting for coal gas, some oil (Rocky Mountain Sands, West Texas and the deeper boring rigs for California). Problem is their all grouped together so the picture is unclear.
Keep an eye on the deep well rigs. New finds in deeper basins keep the US on the map as a top producer.
Glta
Chicago State will fill on the blanks. Filing doesn't represent "proof." when asked to provide proof, the plaintiff is supposed to provide it....not done!
Chicago State will fill on the blanks. Filing doesn't
Hmmm 5&6 preposterous...let's review the facts according to court docs INSTEAD of blog bs:
1. No proof of a debt or one that ever existed, even though it's been foully asked for 9 TIMES! Even the bank draft for the $250k. The entire plaintiff file and basis for their case is a joke.
2. Not one of the allegations presented to the boot boys in this case have been addressed with anything more than "we didn't know" or "I didn't know" or "how's that against the law!" And this is documented in the file. This is their "legal response" to the allegations.
3. The witness statements, emails and other proof presented is damming for the boot boys. Even the stuff these two dumb asses posted on ihub is in the file.
There's more but I don't want the post to be deleted. Point being, the facts in this case are so overwhelming against these two clowns, I can say with 100% certainty there'll be no judgement in their favour (see #1 above). The judgement will be against them, $3.5 mm AND the file is clear as to "WHY" they rushed out to hire a criminal defended team. The laws they've broken are lined out in detail, criminal and with intent.