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We can grab spoons and shovels and get more progress drilling wells than this thing. Ault is not business saavy. He is obviously american greed........
There is no way yeather is the reason. Not even knowing anything about oil and people should figure out that is a lie. I strongly believe they do not have any money what so ever to put the rig in. Let alone AUlt told me that debt was able to be more than paid off and there would be atleast $100,000 left over. I dont believe that to be the case. He also mentioned legal fees were killing him. I think I would take that as a hint. Anbody could have a well up and running within 5 months if they had money. Even if an eartquake hit or even a tornado blew everything away. Ault told me that he knew nothing about oil. If I am running a company I would make sure I learned about the stuff the company was selling. But what would anyone expect on someone with no success. By the way, the adult industry Ault was involved in and got sued. He denied he tried to buy that porn farm or whatever in New York. He said he lost the investors money in the stock market. In on of the most recent prs I swore I heard Ault state that he was taking the investors money again and dabbling in futures. That should be a huge red flag there as well. Pay attention people and please wake up. There was hope for this company until Ault got back in. Just think of it like a convicted child molestor running a day care. There is about a zero chance of this stock ever going up again. Has anyone tried to contact the new oil guy they hired? I bet there is no way he would waste his time in this scam.
I can assure you the suspension would have nothing to do with a name change. In fact Ault said Rainbolt wanted to keep the name the same. I really think Ault meant that Ault wanted to keep the name the same. The suspension would happen only because of red flags all over the place. Red flags can pertain to fraud, lies regarding financials, and stuff of that nature. No legitimate company that does things by the book or close to it would get suspended. The best hope on this being suspended was being late in the filings. Hoping for a miracle.
I put two and two together and realized things werent adding up and how this company (if you can call it that) was very slow at getting anything done. There is no way there is any remote chance of success here even if the company miraculously is legitimate. No knowledge of the field and no leadership. Anyone can dream up a company that they were involved with to create a resume. Nothing panned out and no progress was being made. Instead of buying old wells, they might as well of sold used cars. I am glad I sold the majority of my holdings in this garbage and took atleast a 80% loss and kept just 25,000 shares. $1,200 is a lot to give to this pos Ault. Live and learn, I guess. I guess I might as well should have given some money to Madoff, hell he could have actually made money. Ault is just a complete idiot with no business experience. I feel sorry for those who put alot of money into this crap. Actually I feel sorry for anyone that put money here.
some financial experts say if a nyse or nasdaq stock drops 10% for you to get rid of it. This one dropped what 80% in about a month or two. they could not possibly own anything to generate any money. If they were to make a million a year, they would still have to pay their people. If you can realistically call someone a ceo of a company that has zero goods, zero services, and zero revenue other than diluting stock, and divide that by 1.5 billion shares, you are at a dead end road. Ault could bankrupt Microsoft, Google, or even Berkshire Hathaway. You can own one share of that stock and trade it daily and make more money than this Ault guy. Ault couldnt run a car wash or a gas station. A true failure in the business world. And to even have the gall to give himself the title of CEO. Afterall I am sure a parent can be the ceo of their kids lemonade stand. This guy loses money at everything he touches which would make it a good assumption to say that he did this only at shareholders expense to fund his lifestyle. He might have started to build a rocket but didnt have the knowledge or the money to get it off the ground. A complete disgrace in my book. If any of you have kids no matter what their age they could have made more money for you with a lemonade stand or mowing two lawns than Ault can make in a business in a year. It is clearly evident now.
I cant believe I wasted my time talking to him on the phone. He gave too much info for him not to be behind the scenes. I wouldnt trust that guy to go to the grocery store for me. What a waste and what a hoax. I can guarantee nothing will ever become of this or anything that has Ault involved. He raised money for his legal fees, thats all. No hedge fund would loan money for worthless stock, come on now, lets be real. I have a guaranteed investment with little or no risk and it pays a minimum 25%, has collateral and even I have trouble getting investors. There is absolutely no possible imaginable way this can ever be successful. Hopefully he might say a buy out is coming so some people can get rid of this.
lol. there are a couple oil and gas plays that have been around awhile that seem legitimate. I wonder if Rainbolt was in on this. If he was ever even here. He should atleast be considered as an accomplice. Funny how it went from .005 to .000bs in what a month or so. Crap stinks and people need to wake up. The weather is fine and that well should be pumping by now. Even if this is a legitimate company they are too slow to ever get to be successful and with the float, you gotta be kidding right? Nothing will come of this. Ault "came back" and destroyed any hopes of this ever going anywhere. Look when Rainbolt was here, .005 and now look at this stink sht. Legitimate companies that make money and been in business for years fail and go bk whenever their price tanks like corestink has. They have no business plan or leadership. Just a bunch of crook losers. No brains and no experience. Besides Ault said he knew nothing about oil. People need to get over his bs experience that never was. I have dealings all the time with lawyers, does that make me a lawyer. ANy successful businessman or reputable person wouldnt give Ault the time of day. Ault ruined any chance of this ever getting to .01 Plus the oil guy whats his name, wouldnt go from being in an established company to a worthless pos that has nothing to offer. FU AULT. Once again fu AULT.
maybe rainbolt left because he wanted no part of a scam. Besides I didnt see many credentials he had. I alone could have got more positive results out of a company than these people could.
Ault told me before he knew nothing about oil.
This is all I know about that one. The paragraph is the last one.
http://investorshub.advfn.com/boards/board.aspx?board_id=7145
although a 15-12g can mean to cover bad financials I thought this would be very interesting. It was also taken from ihub through a 15-12g search.
cheers!
A Great Example of a Low Floater 15-12G Run
FCNK (now RGNO) initial o/s 5M
5/26/06 -Nevada SOS reinstatement
10/3/06 -Filed 15-12g under Mark Smith
First 2 weeks of October 2006 -PPS peaked at $3.70 from 52 week low of .008.
I added 350,000. lets hope someone turns on the light in the dark room
still long here. now lets make some money. go zlus!
he also sold about 30 million shares all at once didnt he.
the cto is who ault tells me is gone.
lol. now everyone has his phone number. go zlus
I did get off the phone with Ault. Its in legal and so forth. Coming today. He said phone is ringing off the hook and to please call after the pr released with questions.
gas was also mentioned
I was told they want to get to a certain bopd per day. I said what is it, 500? I cant tell you that. 500 bopd per day sounds good to me. Ill stick with that.
pr is monday. Supposed already producing on the first well. The other stuff is news to me.
Rainbolt and Adkins left for "personal" reasons.
Monday is the pr and Friday is financials.
maybe the monday I thought the pr was coming was the 21? This is a bit of a pain. seems like we are knocking on Marchs door here within two weeks. Maybe pr next week and then one again soon after. I heard on a news channel Cnbc or one of them today about oil setting up to go way up. Something also about West Texas oil fields being land locked. Go Zlus.
I believe you are wrong there. Just the financials being good would have us go up in value.
hey everyone. I guessed I missed the pr prediction for today. Nice lil bounce today. I have a feeling that there will be some new members added to the management team. You guys can ponder that, but some talking about merging and all could be a reason. We will see what happens. Go Zlus!!!
why not a pr on monday. thats what I am saying. been right one out of two times. The second time was postponed because of the weather. I believe the pr will include financials, hopefully production and other stuff. we will need news soon. But then again, positive news should get the stock to whatever (high) it is supposed to be regardless of the current price before the pr release. Take it for what it is worth.
my wireless card broke. Still long and strong. Well, long until .10
Anyways the price looks bad for now. I think we will have a pr on MOnday. go Zlus!!!!! Things shouldnt be as bad as they seem.
Have you tried to get ahold of Lew Graham II? He is still part of the company until the old Zlus is divested. From what I gather he is in Nevada. I know the other stuff on him. But maybe he can provide some insight as to what is going on with the old stuff.
I'd think that with the news being delayed that most people have figured it out that it was because of the weather. It has warmed up now. Things should dry up in what about 3 days. They have informed investors about the new drilling site and that the original one was postponed until March. They didnt have to say anything. They have also informed shareholders that new prs will follow when new information becomes available. A 10 day or so delay does not warrant a brief. You want them to pay whatever it costs to do a pr to tell us that the bad weather has put a small delay on operations. What would a website do for the company. Probably not much. They already have people to drill the wells. They can literally sell the oil over the phone or by talking to truckers in the area that are hauling off oil from different companies. It was rumored they were there in louisiana this week. (headquarters in Dallas area.) The inspector said he is waiting on them to call him so he can go back out there. I bet Mott did not work on Friday and Im sure the state isnt open on the weekend. They must have confidence that the next update will have good news for the shareholders and know that the news will speak for itself. You should already know about D&D going out there about the 25th of january to drill about 60 feet. Shame on Corestream for not releasing a pr about that. The pr even stated they will be looking for other areas to drill after this well is complete. They shouldnt be chastized for not pr ing a truck drove up. The truck backed up. We called joe and he drilled us deeper, the inspector came out and looked at stuff, it rained in the field today, we sold a $500 item, we broke a drill bit, we had lunch and took an hour break. It would be their responsibility to release a pr if something major would hold things up for a few months or more. Let them make you money, which will take time.
heres mine.
Wed, February 2, 2011 7:47:20 AM
Hi, well I won't be releasing it I'm sure but have been asking when they will do it and wait for an answer. Hopefully soon
Gary
On Tue, February 1, 2011 11:11:12 PM > wrote:
Gary,
I hope your trip is going good. I just wanted to know will you be the one releasing the next pr or will it come from elsewhere.
Thanks,
xxxxxx xxxxxxxx
I have talked to Patterson since December, via email. Second I dont see much of a point in a website like I said. . Small company and all they will seem to do is sell oil in bulk. Probably one buyer per well or small group of wells. Time to go drink a cup of oil, I mean coffee.
1/7/11
Further details regarding CoreStream's net working interest percentage and production rates will be reported to shareholders when they become available. Due to the importance of this first project, and our commitment to inform our shareholders in a timely manner, CoreStream elected to issue this initial and limited report of well success and company operations. A more comprehensive report will be available in the coming weeks.
mud I guess. It is claimed Chris was there this week. I heard the well was capped. Not plugged, capped.
stock didnt close down today. 3 days this week was roughly 21% up. volume isnt crazy. I guess some people are holding. Wet ground there in la. I assume they already have the spot they are drilling right after this well is finished. Not too bad. Price should go up when results come out. Not to mention most businesses were closed today in the area. Those trucks would definitely get bogged down in mud as well. I bet Mott didnt work today. heres a rough weather update for the area. .74 precipitation.
http://www.weather.com/weather/today/USLA0095
the weather is not right. thats what is not right. go zlus!
roughly a penny a well. 7 months until september. you said a new well every 60 days. you expect $.10, that does not add up. But it does if they get some foreclosed wells, hit the mini lottery/lawsuit resolved (provided they get enough money to pay all debt and have money left over) and last but not least oil continues to hover where it is and Mott signs so they can sell. Could happen, but not alone by getting a new well every 60 days, unless they would have a share buy back as well.
I employ myself and do not represent or promote anything. I am in here pretty big because I think it has great potential. I dumped a stock last week and doubled up money wise. The other stock where I spent alot of time I still hold very few shares. I dumped a few stock companies in December for tax write offs. I have two other oil stocks that I dont post on and will hold until they get where I expect them to especially since one has a low float. Most of all I hate scams. Zlus has alot of potential to make some good returns this year. Besides, most of the info is in the prs. And from looking at lew graham and a recent sec lawsuit filing, I believe he is in Nevada instead of California. when this gets to what I expect it to I will sell all my shares. Nothing more, nothing less.
thats the guy from the old company hanging around until all the assets/issues from the old zlus are sold or disposed of. Couple of months left with him. I think he is in California.
Getting nowhere with Adkins or Rainbolt... I would say we are somewhere or we wouldnt be doing anything until the duck hunters leave. Louisiana is muddy right now. A pr will come soon. Should be this week, if not next. While alot are worried, Why Hasnt Anyone Tried To Get Ahold Of Lew Graham, since Rainbolt or Adkins dont respond.
by April a penny.... Could be before April. Waiting on production on first well. After some foreclosed wells. Drilling another area in March if not sooner. seems to be an easy penny if not more or a little less imo.