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Admin fees, professional fees, loans made by the ceo. It’s not that complicated.
Paid or accrued. He wouldn’t want anyone to actually know what’s been paid and what hasn’t. The short answer is the junk bonds and shares.
Paid or ACCRUED loans to the ceo and companies closely related to. They call those junk bonds for a reason.
It’s totally relevant. It shows a pattern of overpromising and under delivering. Getting shareholders suckered in with big promise and little results.
Where are these revs??? This is from memory 49k from oil and 313k from rent. Too bad so sad. It cost 321k to make that. So they walk away with 41k. Verizwright and his fees get that plus more. Sooo profitable.
Not an issue. I’d seen the page before. I just couldn’t find again to verify. I had an issue with the fact that it was made to sound like cgra had made 364k in revs for the month of November. When it was wildfire that actually made that much. It’s common knowledge that cgra only made 321k in rent in nine months.
I can help. I could start from 2013 with all the news and filings and super awesome DD that has been put all these years that has only led to disappointment and huge losses for the company.
Let’s see anything from the inept ceo how he’s gonna stop losing $3.5 million a year.
Let’s see some links to that awesome dd. Anyone can post opinions.
If their killing it on minerals. Why aren’t there any mineral sales this year? Per the unaudited financials they have 0 sales of said huge mineral resources. Last year at this time they only had a pathetic 16k. Not a lot to brag about. So sad. This a fact not an opinion.
Link to September 2017 quarterly financials.
http://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=183065
1000% gains? Here. More like 1000% losses.
Theres nothing lol about this company. People are gonna lose real money. That’s not funny.
So true. They shut down drilling last year because it was too cold. Unheard of anywhere else.
He’s already be setting us up for an rs for months. The news release will say in an effort to get our share price above minimum required levels and create a more attractive share structure were are undertaking an rs. I’ve seen that several times over the years. I’m calling it now. 2/1/18 6:50am
5 years isn’t enough? Good luck with this turd sammich.
Talk about spin. Nobody’s buying it. Share price is proof of that.
Boats, trucks and hoes.
What a crock of crap. In business for 5 years with money that comes from and goes nowhere. The Bermuda Triangle of business’s.
Why doesn’t wright change his tax bracket then? Obviously this business is a not for profit business. Now it makes sense.
No I’m talking about the 313k spent on cost of goods. Where’s that money come from?
Lmao is right. Let me guess the 321k that was spent to make 313k in rent was accrued?
It’s a hobby business. Wright’s here for fun. He’s not worried about borrowing millions to the company that he’ll never get back. Yeah that makes sense.
He’s doing it for an I.O.U’s
So wright loans money to the company and never expects to be paid back? Is that what your telling me?
It’s all right here. Follow the numbers. I’ve been following this since 2013. I was a huge supporter. Heck I was gonna get a silver bar from the mine deal that has never produced. I defended this crock for months. Then after my shares had depreciated 80% I averaged down. Waited for the next fake out from wright and bailed for a small lost when some poor suckers like me bought my shares. I always felt bad for whoever. That was 2015.
I don’t just make up random stuff. Just sticking to the cold hard facts. No lol’s here.
Just follow the money. It all goes to one place.
$2.4 million in debt after 9 months. The ceo or company’s closely related too him get 900k.
They spent 321k to make 313k in rent and 49k in oil. The rest of the 2.4 is anyone’s guess.
NOTE 3 – Related Party Transactions
Administrative fees – During the nine months ended September 30, 2017, the Company accrued or paid administrative fees to a majority shareholder company closely held by our current CEO in the amount of $90,000.
Management fees – During the nine months ended September 30, 2017, the Company accrued or paid management fees to a company closely held by our current CEO in the amount of $135,000.
Rent expense – During the nine months ended September 30, 2017, the Company accrued or paid office rent and expenses to a majority shareholder company closely held by our current CEO in the amount of $9,000.
Notes payable – During the nine months ended September 30, 2017, a majority shareholder company closely held by the current CEO of the Company, loaned the Company an additional $0 in principle and $19,336 accrued interest. The balance of the loan, which is due on demand and carries an interest rate of 6%, is $236,748.
http://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=183065
The company is run by one person. It’s been like this since he took over.
I doubt if they would even answer the phone.
Here’s a pic of well site below.
.
Thanks Kim
Honestly never thought it would get this high. Goes to show what I know
They don’t grow profits either.
You make it sound like cgra grows weed. They don’t.
I never said there were no sales. I asked where the link was
Wrong again. The numbers below don’t lie. The first nine months of 2017 and 2.4 million in losses. Opinions aren’t facts. Unaudited financial statements are as close as anyone can get to facts with this company. 10 wells and they’ve made 49k. Rent was 313k. Too bad it cost 321k to make that much. Not to mention all of Wright’s pay and fees.
And yet cgra still can’t turn a profit. Fact.
Obviously November’s going to be the best month for a company that grows outdoors. The rest of the months of the year was a lot less. Not to mention that still doesn’t make more money for cgra.