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LOL, love your alias!
ok, why do you guys like this stock? I realize it's a tiny market cap, looks fairly legit, etc.....but the financials also show a tiny company.
Kinda interested but ......
tia, Peter
You guys getting cash or shares as payment for your mindless pumping?
Yep, par for the course. People don't want to have the truth be known, or they don't want to know the truth. Either way, truth is bad in OTC land.
Quite likely true. Brookstreet Secrities.
Yup, that's probably fairly close to the reality - assuming any deal is done at all.
So far it's just PR's - no action.... No filings.
Has anyone gotten a recent share count from the Transfer Agent?
Thanks for the hint!
Brookstreet.....
Hi:
A bunch of thinly traded BB's are up 100% today after end of day collapse yesterday. ETLY, TTDS, QPCI, FDRA
Which broker was shut down? Can't find that info....
TIA, Peter
A stock dividend, should it occur, will do nothing to increase the value to the investor.
It's merely the same pie divided into more pieces. You get more pieces, but then again, since the pie is divided into more pieces those pieces are smaller. It's like saying I'll give you ten dimes in exhange for 4 quarters. You end up with the same value.
The PR's that this company puts out make no sense, on purpose. They are trying to mislead people.
Shorting BB and pink stocks is perfectly legal... by anyone. Many brokers allow it.
Borrows are hard to find and you have to put up a minimum of $2.50 margin per share, even on a $.00001 stock.
I know of what I write.
I'm sorry you lost money on this. Generally speaking, when there is a paid mailer in circulation you can bet the sponsor of that mailer is selling the stock.
Did you buy on the basis of the mailer?
Did you see the price that they sold stock for? I calculate they sold stock at $0.40. Is that about right?
I think it's disgusting, but I've always been hampered by ethics.
you are so mean!
but seriously, do you feel that stock market fraud is fine?
I submitted a complaint / tip to the SEC at enforcement@sec.gov.
No doubt the sirens are blaring on Wilshire Boulevard right now! :)
NO, I got out on Friday. Who knows how high it can go.
Really bugs me to lose money on a scam.
no reaction to the supposed fact that the CEO of Westar was in prison for 7 years for fraud?
this never ceases to amaze me, and I"m not even in the stock.
Nu-Way filing excerpts demonstrate that Mark Anderson of Westar has the middle name of Roy - helping to demonstrate that he may have been in prison for fraud in the past.
http://sec.edgar-online.com/2004/11/16/0001144204-04-019205/Section18.asp
During the period from approximately June 2002 through March 2003, the
Company entered into several transactions with entities controlled by Mark Roy
Anderson. These entities are Med Wireless, Genesis, Camden Holdings, Summit
Healthcare, Summitt Ventures, Summit Oil & Gas, Inc. ("Summit Oil") and CVP. The
transactions are listed in chronological order. The Company, nor any of its
directors or officers, has had any communication with Mr. Anderson since May
2003.
SUPERIOR COURT OF CALIFORNIA, COUNTY OF LOS ANGELES WEST DISTRICT, BEVERLY HILLS COURTHOUSE, (19420) 9355 BURTON WAY, BEVERLY HILLS, CA 90210
TELEPHONE; [private]
ANDERSON, MARK vs.
GALLANT, JOE CASE NUMBER: PE 05S02076
MINUTE ORDER and CLERK'S NOTICE OF RULING Court convened at 02:00 PM, on 01/18/2006; in Division 006
Present:Honorable JUDGE RICHARD A. STONE, Judge/Comm. Presiding PATRICIA BOULWARE , Deputy Clerk; and the following proceedings were had:
PLAINTIFF(S) ANDERSON, MARK Appearing. DEFENDANT(S) GALLANT, JOE Appearing.
NATURE OF PROCEEDINGS: CAUSE CALLED FOR HEARING RE: SMALL CLAIMS COURT TRIAL;
DISPOSITION:
THE COURT RULES AS FOLLOWS:
IT IS HEREBY ORDERED THAT JOE GALLANT TRANSFERS ANY INTEREST HE POSSESSES, IF ANY, TO MARK ANDERSON THE BLOG KNOWN AS MARKROYANDERSON.BLOGSPOT.COM. FURTHERMORE, IT IS SO ORDERED THAT THE BLOG KNOWN AS MARKROYANDERSON.BLOGSPOT.COM WILL BE REMOVED IMMEDIATELY.
THAT ALL REFERENCES TO MARY ROY ANDERSON, CAMDEN HOLDINGS, SUMMITT VENTURES AND SUMMITT OIL AND GAS INC WILL BE REMOVED FROM THE GOOGLE SEARCH ENGINES AND SEARCH RESULTS. A COPY OF THOSE REFERENCES IS ATTACHED AS EXHIBIT TO THIS ORDER.
THAT GOOGLE WILL ACCEPT THIS COURT ORDER PURSUANT TO THE PAST ACTION WHICH WAS FILED BY MARK ANDERSON AGAINST GOOGLE IN REMOVING THE BLOG FROM ITS SEARCH RESULTS AS WELL AS ALL OTHER REFERENCES WHICH ARE INCLUDED IN THIS ORDER ATTACHED HEREIN AS EXHIBIT A.
THAT THIS ORDER SHALL BE EFFECTIVE IMMEDIATELY AND THAT JOE GALLLANT AND GOOGLE WILL COMPLY WITH THIS ORDER.
THIS MATTER IS ORDERED DISMISSED WITHOUT PREJUDICE.
The foregoing minutes are correct. PATRICIA BOULWARE Deputy Clerk
CLERK'S CERTIFICATE OF MAILING/NOIICE OF ENTRY OF ORDER
I, the below named Executive Officer/Clerk of the above-entitled court, do hereby certify that I am not a party to the cause herein, and that this date I served Minute Order/Notice of Ruling the above minute order of
01/18/2006 upon each party or counsel named below by depositing in the United States mail at the courthouse in BEVERLY HILLS, CALIFORNIA, one copy of the original entered herein in a separate sealed envelope for each, addressed as shown below with the postage thereon fully prepaid.
ANDERSON, MARK GALLANT, JOE
[private] [private]
BEVERLY HILLS, CA 90___ SANTA ANA, CA 92___
JOHN A. CLARKE, Executive Office Clerk Dated 01/18/2006 By PATRICIA BOULWARE, Deputy
--------------------------------------------------------------------------------
Exhibit A.
mark anderson camden holdings - Google Search
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Web Results 1 - 10 of about 161,000 for mark Anderson cam : holdings. (0.26 seconds)
* GWT - In the News
GWT filed for reorganization following the recent transaction with Camden Holdings Inc. of Beverly Hills, CA, whereby through its President, Mark Anderson, ... www.gwtr.com/news.php - 107k - Cached Similar pages
Roanoke
... the main portion of the Hevener holdings in the Anderson-Hanway tract:... Work was pushed rapidly on this line under the guidance of JN Camden and CN ... www.wvculture.org/history/lagrext/roanoke.html - 58k - Cached - Similar pages
* 2nd Qtr 2003
GWT filed for reorganization following the recent transaction with Camden Holdings Inc., whereby through its President, Mark Anderson, Camden acquired the ... www.defaultrisk.com/news_2003_q2.htm - 42k - Cached - Similar pages
* Global_Water Technologies files-Cha..ter 11 _2003 05,:15
In February, Global Water was acquired by Camden Holdings, Inc. of Beverly Hills, Calif. Mark Anderson, Camden president, acquired the stock, ... www.bizjournals.com/denver/stories/2003/05/12/daily34.html - 71k - Cached – Similar pages
* [PDF] C:\Documents _and Settings\WilsonS\Desktop\Pubs\Other\03-192;' File Format: PDF/Adobe Acrobat - View as HTML
Camden Holdings, Inc., ["Camden"] under a Stock and Asset Purchase ... The Deb: alleges that Camden and its principal, Mark Anderson, have failed to ... www.cob.uscourts.gov/opinions/03-19278.pdf - Similar pages
Stateline Northern Territory
BAILIFF: Anyway, it's a claim brought against you by Finding Holdings....
CAMDEN SMITH: Why? WARREN ANDERSON: You're a grub, you're a grub. MARK ROWLING:... www.abc.net.au/stateline/nt/content/2003Is989611.htm - 13k - Cached Similar page
Mark Rosenstein's Sailing Page
Physically, the holdings consist of drawings, books, models, photographic materials ... Anderson, Indiana. US Naval Academy Museum: Annapolis, Maryland.... www.apparent-wind.com/sailing-page.html - 97k - Cached - Similar pages
* Ozone Depletion Network Online Today_Global Water Files For_.,.
... CA-based Camden Holdings, Inc., "whereby through its president, Mark Anderson Camden acquired the stock, assets and assumed liabilities of [Global ... http://www.highbeam.com/doc/1G1:102164781/Global+Water+Files+For+Chapter+11+Reorganization~R~(Golden... - 30k - Cached. Similar pages
Marc Telemaque, Permanent Secretary Ministry of Tourism & Transport, Government
www.caribbeanhotels.org/investmentconference/ Investment _ Preliminary_Program.htm
Cached Similar pages 81k
http://www.google.corn/search?hl=en&q=mark+anderson--camden+holdings&: J=Goog... 1/19/2006
American Sports Development Group: Hero to Zero
31 Mar 2005 by Joe Gallant
Another one of Mark Anderson's masterpieces: http://biz.yahoo.com/e/041018/asdp.pk10ksb.html or even better this link: http://www.secinfo.com/$/SEC/Filings.asp? AN=0000943440-03-000606&Find=Camden&Page=1&List=Dots&Shaw=Each.
Mark Roy Anderson.- http://markroyanderson.blogspot.com
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Results 1 - 10 of about 536 for nuway medical camden holdings. (0.93 seconds)
* Preview I Secured Term Promissory Note Term Loan)_ New._
... New Millennium Capital Partners, LLC; Camden Holdings, Inc.; Summit Healthc; Inc.; Summitt Ventures, Inc.; Dennis P. Calvert; Nuway Medical Inc. Date: 2003.... library.consusgroup.com/library_sbn/177/177964.asp - 38k - Supplemental Result
* NUWAY MEDICAL INC -NMED Unscheduled Material Events(8~ E 1IBIT41
... to pay to the order OF Camden Holdings. INC., Summit Healthcare. INC this NOTE is SECURED by (i) the Borrower's Holdings IN NUWAY MEDICAL, ... sec.edgar-online.com/2003/04/10/0001144204-03-001608/Section6.asp 26k - Supplemental Result - Cached Similar pages
* Khandaker Partners,_Inc -Thursday Dec 23 2004
... of this same transaction, New Millennium purchased from shareholders Camden holdings, Inc.... NuWay Medical, Inc., a company in the healthcare and sports-related ...
www.biobn.com/index.cfm?Page=viewnews&NewsID=0001926400 - 28k - Supplemental Result - Cached - Similar pages
* Person Tearsheet
NuWay Medical, Inc. n/a Healthcare / Medical EQUIPMENT & SUPPLIES ... He joined
Camden Holdings, Inc., an Investment holding company to manage their mergers .
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* SI - read msg asp. Timid =18_6427_02
New Millennium purchased From shareholders Camden Holdings, ... NuWay Medical.
Inc., A Company in The Healthcare and sports-related products and ... www.siliconinvestor.com/readmsg.aspx?msgid=18842702 - 9k - Supplemental Result - Cached - Similar pages
SEC- Info Sanders Todd - 4 -.Nuway Medical Inc - For 11130/0
... Sanders Todd 4 Owner 1:3 Nuway Medical Inc Borer ._ 17(a) OF THE PUBLIC UTILITY HOLDING COMPANY ACT ... Reporting Person William C. Bossung 9800 Camden Hills Avenu www.secinfo.com/dV35v.4q.htm - 20k - Supplemental Result Cached Similar page
* SEC NEWSDIGEST_Issue 2004-1-76_September 13, 2004 ENFORCEMENT..,
Finally, PEA disclosed nonpublic portfolio holdings to the broker-dealer ...
~R! GROUP INC KY 7.01,9.01 09/10/04 NUWAY MEDICAL INC DE 4.01,9.01 09/09/04 f I dH INC ... www.sec.gov/news/digest/dig091304.txt - 57k - Cached - Similar pages
31 NEWS DIGEST, Auq.usll_2005SEC NEWS DIGEST Issue 2005 -145_
3-11999) HOLDING COMPANY ACT RELEASE AMERICAN ELECTRIC POW COMPANY, INC
NUTRACEUTICAL INTERNATIONAL CORP DE 2.02,9.01 07/29/05 NUWAY MEDICAL INC DE ... www.sec.gov/news/digest/dig0801051xt - 81k - Cached Similar pages [ More results from mww.sec gov ]
* GVKEY_: 024797 NuWay_Medical Inc. (NMED), formerly NuWay _Energy GVKEY : 024797 NuWay Medical Inc. (NMED), formerly NuWay Energy. Inc
the first agreement, dated June 27, 2002, is with Camden Holdings, Inc
nuway medical camden holdings - Google Search Page 2 of 2
neptune.clarkson.edu/data/PCPLUS/INFODOCS/024797.TXT - 3k - Supplemental Result - Cached Similar pages
* Investrend.com
NuWayMedical, Inc.( NMED ), InvestorPowerTM. NuWay Medical, Inc. ... NuWay's radical devices are a complete product line of ultrasound units....
investrend.com/company/Company.asp?id=562&sPathParam=yes - 68k - Supplemental Result - Cached - Similar pages
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Results 11 - 20 of about 536 for nuway medical camden. holdings. (0.49 seconds)
Waste Management, Inc.'s 1674 Subsidiaries
NSC Sales Corp Nu-Way Live Oak Landfill, Inc. NYOFCO Holdings, Inc. OVERs l ... Vern's Refuse Service, Inc. Vickery Environmental, Inc. WMI Medical ... www.corporations.org/wmi/suhs.html - 60k Cached Similar pages
* SEC_News Digest for 8/1 /2005
Incorporated (PSE), an ELECTRIC and gas utility HOLDING Company that ... 07/2E., NUTRACEUTICAL INTERNATIONAL CORP DE 2.02,9.01 07/29/05 NUWAY MEDICAL Inc ... www.edgarease.com/ShowSECNews.asp?newsdate=8/1/2005 - 81k - Supplemental Result - Cached Similar pages
* VRI Open Discussion forum
... Scott G. Miller, Medical Asset Management Inc, Camden Securities, Jack ... NORTH AMERICAN MEDICAL PRODUCTS - Arthur Gianakos, Nike G. Efstathiou ... NUWAY HOLDINGS INC.... www.vcresearch.info/open/forums.asp?TopicId=2467&ForumId=77 - 101k - Supplemental Result - Cached Similar pages
* Today's News
of this same transaction, New Millennium purchased from shareholders Camden Holdings, Inc. ... change in control occurred on March 26, 2003 NuWay Medical, Inc.. a ... www.prpresswire.com/rls/2003/04/15/PD_PR_0001926400.html - 9k - Supplemental Result - Cached - Similar pages
Ticker List
CAFI Camden National Corp. CAC Camden Property Trust CPT Cameco Corp.... Inc. NUVO NUWAVE Technologies Inc. NUWV NuWay Medical, Inc. NMED NVE Corp. . www.spredgar.com/tickers.htm - 331k - Cached - Similar pages
00000000201K IRON INTERNATIONAL INCKTII 0000001750IAAR CCRPAIR ...
... TECHNOLOGIES INCISBSE 00008802421NUWAY MEDICAL INCJNMED 00008E I ii6IAGCO CORP OB 0001104904ICAMDEN MINES LTDjCNMN 0001105018INYMEX HOLDINGS NYMEX ... www.search-sec.com/downloads/tickeLcik-20041120.txt - 233k Cached Similar pages
* ContractIntelligence I Secured Term Promissory_Notes_Documents
... New Millennium Capital Partners, LLC; Camden Holdings. Inc.; Summit Healthcare Inc.; Summitt Ventures, Inc.; Dennis Calvert; Nuway Medical Inc.; nuway medical ..
contracts.consusgroup.com/categories/kicat_3494_1.asp - 78k - Supplemental Result - Cached Similar pages
A AGILENT TECH INC AA ALCOA INC AAA ALTANA AG ADSAABC ;CESS ...
MTMD MICROTEK MEDICAL HOLDINGS INC MTMS MADE2MANAGE SYSTEMS INC …MEDW NUWAY MEDICAL INC. - WTS NMG_A NEIMAN MARC IS B NMGC… NEIMAN MAR: ,i B NMGC ... www.msodata.comftickerlists/stktick.txt - 312k - Cached Similar pages
Recent 8K Filings
AMERICAN MEDICAL SYSTEMS HOLDINGS INC DE X X 04/23/03 ... CAMDEN NA' i)NAL CORP ME X X 04/29/03 CAN CAL RESOURCES LTD NV X 04/25/03 ...
www.alppublishing.com/sec/ categories/8Kf/8Kvve,5_2 2003.html - 173k - Cached Similar pages
mark anderson camden holdings - Google Search ( Page 1 of 2
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mark anderson camden holdings Search
Web Results 1 - 10 of about 161,000 for mark anderson camden holdings. (0.26 seconds)
* GWT.-_ In the News
GWT filed for reorganization following the recent transaction with Camden Holdings Inc. of Beverly Hills, CA, whereby through its President, Mark Anderson, ... www.gwtr.com/news.php - 107k Cached - Similar pages
Roanoke
... the main portion of the Hevener holdings in the Anderson-Hanway tract; ... Work was pushed rapidly on this line under the guidance of JN Camden and CN ... www.wvculture.org/history/agrext/roanoke.html - 58k - Cached - Similar pages
* 2nd Qtr 2003
GWT filed for reorganization following the recent transaction with Camden Holdings, Inc., whereby through its President, Mark Anderson, Camden acquired the ... www.defaultrisk.com/news_2003_q2.htm - 42k - Cached - Similar pages
* Global Water Technologies files-Chapter 11:2003-05-15
In February, Global Water was acquired by Camden Holdings, Inc. of Beverly Hills, Calif. Mark Anderson, Camden president, acquired the stock, ... www.bizjournals.com/denver/stories/2003/05/12/daily34.html - 71k - Cached – Similar pages
* [PDF] G:\Documents and Settings\WilsonS\Desktop\Pubs\Other\03=1921,
File Format: PDF/Adobe Acrobat - View as HTML
Camden Holdings, Inc., ("Camden") under a Stock and Asset Purchase ... The Debtor alleges that Camden and its principal, Mark Anderson, have failed to ... www.cob.uscourts.gov/opinions/03-19278.pdf - Similar pages
Stateline Northern Territory
BAILIFF: Anyway. its a claim brought against you by Finding Holdings....
CAMDEN SMITH: Why? WARREN ANDERSON: You're a grub, you're a grub. MARK wwwabc.net.au/stateline/nt/content/20031s989611.htre - 13k - Cached Similar pays
Mark Rosenstein's Sailing Page
Physically, the holdings consist of drawings, books, models, photographic materials, ... Anderson, Indiana. US Naval Academy Museum: Annapolis, Maryland.... www.apparent-wind.com/sailing-page.html - 97k - Cached - Similar pages
* Ozone Depletion Network Online Today: Global Water Files For
... CA-based Camden Holdings, Inc., "whereby through its president, Mark Anderson Camden acquired the stock, assets and assumed liabilities of [Global ... www.highbeam.com/doc/lG1:102164781I Global+Water+Files+For+Chapter+l l+Reorganization-R-(Golden+Water+Techn... - 30k - Cached - Similar pages
Caribbean Hotel & Tourism Investment Conference
Marc Telemaque, Permanent Secretary Ministry of Tourism & Transport, Government
Shabir Walji, President, Camden Holdings, Inc. 4:45pm - 6:15pm ... www.caribbeanhotels.org/investmentconference/ Investment_Proliminary_Program.htm81k - Cached - Similar pages
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Our Hero At Work! Investigative Reporter
15 Apr 2005 by Joe Gallant
Our Hero At Work! Investigative Reporter.
Mary Roy Anderson - http://markroyanderson@blogspot.com
News Story from October 1991 Investigative Report...
15 Apr 2005 by Joe Gallant
News Story from October 1991 Investigative Reporter.
Mark Roy Anderson - http://markroyanderson.blogspot.com
Page 2 - LA-TIMES Investigative Reporter
15 Apr 2005 by Joe Gallant
Page 2 - LA-TIMES Investigative Reporter.
Mark Roy Anderson - http://markroyanderson.blogspot.com
Anderson's Summitt Ventures; What is it?
/ Apr 2005 by Joe Gallant
You can shut down your website but you can’t delete the home page from the Internet Wayback machine
(http://summittventures.com)" target="_blank">http://web.archive.orq/web/'/http://summittventures.com). This was how Mark Anderson positioned his Summitt Ventures on that Company's ... Mark Roy Anderson http://markroyanderson.blogspot.com
California State Prision Records. Investigative Re...
7 Apr 2005 by Joe Gallant
California State Prison Records Investigative Reporter.
Mark Roy Anderson_- http://markroyanderson.blogspot.com
Mark R.-Anderson aka-Mark Roy Anderson
3 Apr 2005 by Joe Gallant
Some facts for the record: Mark R. Anderson aka Mark Roy Anderson is the President of Camden Holdings, Inc. This comes from Camden Holdings, Inc.'s corporate records in California and California government officials as well as ...
Mark Roy Anderson - http://markroyanderson.blogspot.com
This one looks definitely like OUR Mark Anderson as Summitt is also involved ... never seen someone sue to have themselves removed from google before.. this connects the name Mark Roy Anderson to Summitt, it would seem.
MEMO
To: [private]
From: Mark Anderson
Date: January 20, 2006
Re: Transfer and removal of Blog
I have attached the court order which provides for the following:
The removal of all of the information about myself, and my companies from your search results.
The transfer of the blog known as MarkRoyAnderson, over to me and the immediate removal of that blog from your search engines. The reason that the blogname is being transferred to me, is so that it can not he used again by anyone but me.
I have already set up an account with the blogspot.com. It is under the name [private]. With my email address "[private]"
Let me know how we can get this coordinated so that this can get done once and for all. This court order is to be effective immediately.
Sincerely
Mark Anderson [private]
Email: "[private]@aol.com"
http://www.chillingeffects.org/notice.cgi?%3Fnotfounduncat=;NoticeID=2963&print=yes
"In 1991, Anderson was convicted of a scheme to bilk investors out of millions of dollars by promising tax shelters to those who agreed to help fund historic building renovations. The deal ensnared about 1,500 investors who poured in $50 million. Anderson pled no contest to fraud charges. He was sentenced to seven years in prison and agreed to pay nearly $7 million to his victims. Anderson later appealed his conviction, and he was released from custody in March 1996, according to the U.S. Bureau of Prisons"
"However, court documents filed by Sonoran suggest Punzo was unaware that Anderson has served prison time for a scheme. "
"Sonoran claimed in a Los Angeles County Superior Court lawsuit that several deals Anderson arranged were nothing more than frauds"
"In a deal in Bakersfield, Calif., Anderson collected nearly 1.7 million shares by telling Sonoran that he would sell a property he didn't own. Sonoran paid out the shares but never claimed title to the property. "The biggest problem and challenge for the company was this investor, Mark Roy Anderson"
same guy?
"Desperately in need of financing help in late 2003, the company turned to a Southern California financier, Mark Roy Anderson, for money and ideas........During meetings at Anderson's Beverly Hills office "
http://www.sageworksinc.com/pressroom.aspx?article=79
redwards:
Can it be shown conclusively that the Mark Roy Anderson re Nu-Way who you posted about is the same Mark Anderson as the President of Westar Oil who can be found at this address:
Westar Oil
9595 Wlshire Blvd. Suite 510.
Beverly Hills CA 90212
Phone: 310.275.9020
Fax: 310-275-7095
Also, why is it that the longs on this board pay no mind to the strong possibility they are dealing with a known stock fraudster?
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001144204%252D07....
Mark Roy Anderson, from mid-2002 to early-2003. The Company’s prior association with Mr. Anderson had led to a number of regulatory and legal inquiries and investigations into the company and its then- management, including an informal inquiry by the SEC. We cooperated with this investigation and a related investigation by the Federal Bureau of Investigation into Mr. Anderson’s business dealings. The SEC inquiry was terminated in April 2005.
cool, thanks - i'll take a look.
A "starter"... as in, you bought some stock?
If so, why? TIA
Value is not automatically created by trading stock around. The size of the pie remains the same, nearly nothing. Just a bunch more slices to the pie.... more shares.
There is no free lunch. Just sleight of hand going on here - 3 card Monte.
I already gave up, lost on my short and gave up.
That doesn't mean there's any value - just that there are enough people misunderstanding what's really happening, or enough people who are buying thinking that other people will misunderstand what is happening.
In the end, the underlying true value of the companies will be reflected in the share price. Next to nada.
No problem, it comes with the territory. Congrats.
Congratulations longs.
Hi Hopeful:
Where do you see information about what holdings Westar has?
thanks
EDIT - oops, I see, from their website - no financial info there unfortunately. Just not enuf info.
"About Us Westar Oil is a private oil and gas exploration and production company. Westar Oil is engaged in the acquisition, exploration, development and production of oil and gas properties.
The Company substantial experience in the development and exploration of oil and gas properties. The management team at Westar Oil has over 30 years experience in the operation, development and exploration of oil and gas properties.
It is the focus of the company to increase production in both oil and gas fields. The process of re-entering existing wells and enhancing production is a specific focus of the company as well as drilling and producing new production from undeveloped prospects."
http://www.westaroilinc.com/Westaroil_aboutus.html
In general it's pretty unwise to invest on the basis of email spams like that. Have you looked at the company's filings with the SEC?
All I ask is that the company file the required 8k showing all the details of the transaction. Still too much confusion and vagueness.
For example, after the transaction is complete, how many shares will be outstanding? And what will the balance sheet look like? Simple necessities required to perform a valuation analysis.
Sorry, that's a question I don't answer. It is difficult to find borrows of stocks such as these, and I don't want the competition.
All I'll say is that I know of several brokers who allow shorting of any price stock. The problem with penny stocks - in addition to the borrow - is the Fed rule that requires $2.50 margin per share.
This should not involve so much guesswork. Real deals have real details in real filings.
I'm not Dutchess, but I did cover my short position today.
So many dreams, so many expectations out there, so little substance to back them up.
Dutchness is reason enough to short this stock, which I think I mentioned some weeks back.
GLTA, Peter
I am short the stock. I would never buy crap like this.
Anyone who does is either inexperienced or masochistic.
No, I am a_man - the CEO is a woman.
I am, however, experienced in trading in these scruffy little stocks.
You most assuredly will not wake up one day to find the price at $6.75. What makes you think that will happen?
That's what the PR's are trying to get you to think, so that you will buy some shares - but no way that will happen.
It's all very similar to what Rufus Harris tried to do in CSHD lst year - although he is probably literally insane and this is more your normal bb BS.
What are the details of this share exchange? How many shares are being exchanged for how many. Does it apply to all TEXG shares, or just a private transaction involving some shares?
Am I reading this correctly. They are saying that $5 million has the same value as 500 million shares?
"On April 23, 2007 (the "Effective Date"), Continental Fuels, Inc. ("we" or the "Registrant") closed a business combination transaction pursuant to a Stock Purchase Agreement dated April 20, 2007, by and among the Registrant and Universal Property Development & Acquisition Corporation ("UPDA"), a publicly held Nevada corporation (the "SPA"). Pursuant to the SPA, we acquired one hundred percent (100%) of the capital stock of US Petroleum Depot, Inc. and Continental Trading Enterprizes, Inc. (the "Subsidiary Shares"), two private Nevada Corporations and wholly-owned subsidiaries of UPDA. The consideration paid by us for the Subsidiary Shares consisted of $2,500,000 in cash, payable within 30 days of the Effective Date, and 50,000 shares of our Series A Convertible Preferred Stock valued at $5,000,000 (the "Preferred Stock"). The Preferred Stock is currently convertible into 500,000,000 shares of our common stock and UPDA has the right to vote the shares of Preferred Stock on an "as converted" basis in any matters for which the holders of our common stock are entitled to vote. The closing of the SPA caused a change of control of the Registrant and resulted in the Registrant becoming a majority owned subsidiary of UPDA.
For a transaction as important as impled by this, the company is obligated to file an 8k providing a more detailed description. None so far.
On the other hand, maybe it is not a significant transaction at all. Maybe it just means that Westar will acquire an unknown number of shares of TEXG (or vice versa), in exchange for stock, at the ratio of 24.5:6.75.
Who knows what it means? My guess is that it means nothing at all. Without a detailed and unambiguous description it's impossible to know.
DALLAS, TX--(MARKET WIRE)--Jun 8, 2007 -- Terax Energy (OTC BB:TEXG.OB - News) announced today that Westar Oil Inc has acquired the senior debt position held by third party creditors in the amount of Three Million Dollars. Westar intends to convert the debt into stock of Terax Energy at a value of $6.75 per share. Westar has also announced its intention to enter into a share exchange agreement with Terax Energy in which Westar shares will be valued at $24.50 per share and Terax shares will be valued at $6.75 per share. That exchange will be effective for all shareholders of record as of June 21, 2007
Why do you say that? Any information you care to post?
I'm told by someone who says he knows him, that it is the same guy. But whatever...all sources are unreliable....