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Boomer if you don't want others replying to your post stop making your post public. use a private msg.
I like how they stated the last sentence... it shows the company is being straight forward with its share holders. unlike most pink sheet companies.
Not a knock out PR, however it is a great set up PR for better things to come. Very positive. IMHO
enough to keep us informed.
an update on current projects will really get us going!
IPO Pumped by Jim Cramer.... no thanks.
Miss mu, IMHO the price of oil should have no relation to this start up company. even if the price of oil drops to $40 once production begins at this price King is way under valued. What will move this stock is news of drilling and production, new projects, filings with the SEC, and applying to a major exchange.
and my gut feeling is that we might have a little bit of a sell off today. I hope not, but we'll just have to see. unless of course these deep pockets keep digging!
if you follow the trading pattern the real volume comes in at the EOD. however there is no garentee that this trend will continue. But if it is going to continue it would be best to get in while the volume is slow.
Pulling the trigger is always a gamble in Pinksheets.
Good luck to you.
Kingguy will you adopt me? lol
I just hope the buying presure continues tomorrow, or we may see a down day.
Long live the KING!
no that would not be a deal... again you're manipulating the conversating. writing up a deal is not the same as signing an agreement as to where they have access to use funds.
boomer, if you have a line of credit but don't use it... do you get charged interest?
my last post to you regarding this subject.
I do applaud you for making an effort in verifying information however.
"At this point we can assume SPRL hit the line for a little and Nutmeg"
you sure are a big fan of assuming. FLUSHHHHHHH
Imagine we got a PR right now... wow
almost a million shares in the first half hour... nice!
don't forget to flush when you're done... we all know where this board is going!
Jack, to answer some of your questions,
1. Strat doesn’t have an IR at this present time. They are currently looking to hire one.
2. The only people who don’t have access to Sam are the ones too lazy to call him. Sam will hardly return phone calls or emails because he is too busy. He gets hundreds of messages.
3. There is no paper trail stating the nutmeg deal is off. For your own comfort, call Sam and verify it for yourself.
4. The only ones that have to rely on message boards for updates are the ones too lazy to call themselves.
5. It’s not easy to get a hold of Sam. Continue to call, and he will pick up the phone eventually.
I’m not going to mention any names here to prevent my post from being removed. However you all know who I am referring to. (this person absolutely destroyed any rational conversation regarding SPRL on RB) Yet people allowed this character onto this board, who IMHO is a manipulating liar. He will repeatedly ask the same questions over and over, and when someone gives him an answer he gives a reply something like this: “Just because a poster on a chat board says he talked to Sam and it never went through doesn't get it for me.”
Kinda defeats the purpose in asking the question doesn’t it???
If we had a mediator who would do his job and remove this person, this board could continue going forward, and not end up like raging bull. I’m telling you right now… if this person isn’t removed none of you will even want to look at this board.
This board has been created as a forum for discussion of Strat Petroleum Ltd (SPRL.PK). The main thrust is to look forward not backward.
Strat's audited financial reporting is not just that. Strat's reports have to be PCAOB Certified in which is far more complex than a regular audit. It also puts a great amount of responsibility on the accounting firm doing the audit.
Standards
Standards & Related Rules
Interim Standards
An Audit of Internal Control Over Financial Reporting
Proposed & Adopted Standards & Related Rules
Staff Questions & Answers
Standing Advisory Group
Standards-setting
Policy Regarding Use of PCAOB Materials
Standards Documents
Standards Related Rules: 3100, 3101, & 3200T
Auditing Standard No. 1
Auditing Standard No. 2
Auditing Standard No. 3
Auditing Standard No. 4
Standards and Related Rules
Auditing Standard No. 2: An Audit of Internal Control Over Financial Reporting Performed in Conjunction With an Audit of Financial Statements
This standard was approved by the Securities and Exchange Commission on June 17, 2004, and is effective for audits of internal control over financial reporting required by Section 404(b) of the Sarbanes-Oxley Act of 2002.
Auditing Standard No. 2
Policy Statement Regarding Implementation of Auditing Standard No. 2 (5/16/2005)
Report on the Initial Implementation of Auditing Standard No. 2 (11/30/2005)
Staff Questions and Answers on Auditing Standard No. 2:
Questions 1 - 26 (June 23, 2004, Revised July 27, 2004)
Questions 27 - 29 (October 6, 2004)
Questions 30 - 36 (November 22, 2004)
Question 37 (January 21, 2005 )
Questions 38 – 55 (May 16, 2005 )
Conforming Amendments to PCAOB Interim Standards Resulting from the Adoption of PCAOB Auditing Standard No. 2
The conforming amendments were approved by the Securities and Exchange Commission on November 17, 2004. For integrated audits of financial statements and internal control over financial reporting, the conforming amendments become effective at the same time that PCAOB Auditing Standard No. 2 becomes effective. For issuers that are not considered to be accelerated filers under Securities Exchange Act Rule 12b-2 and for issuers that are not required to comply with section 404 of the Sarbanes-Oxley Act of 2002, the conforming amendments become effective for audits of financial statements for periods ending on or after July 15, 2005. The part of the conforming amendments that supersedes AT sec. 501, “Reporting on an Entity’s Internal Control Over Financial Reporting,” was effective immediately upon approval. Section D, “Effective Date,” and section E, “Effect of Auditing Standard No. 2 on Audits of Financial Statements Only,” of the Board’s Release that accompanies the conforming amendments provide more detailed information regarding effective dates and the effect of Auditing Standard No. 2 on audits of financial statements only.
Rulemaking Docket: Link to information related to the rulemaking process of this standard, including proposing and adopting releases, public comments, and board statements.
PCAOB and SEC Roundtable on Internal Control Reporting Requirements (5/10/2006)
Statement Regarding the PCAOB's Approach to Inspections of Internal Control Audits in the 2006 Inspection Cycle (5/1/2006)
Briefing Paper: Standing Advisory Group Meeting - Implementation of Section 404 and Auditing Standard No. 2 (6/8-9/2005)
Briefing Paper: Standing Advisory Group Meeting - Challenges of Section 404 (11/17-18/2004)
Board Release: Auditing Standard No. 2 (3/9/2004)
Roundtable: Reporting on Internal Control (7/29/2003)
Briefing Paper: Roundtable on Reporting on Internal Control (7/10/2003)
Auditing Standard No. 4: Reporting on Whether a Previously Reported Material Weakness Continues to Exist
Overview of Auditing Standard No. 4
Related Securities and Exchange Commission Documents
there are alot of links on this page to read more on the process...
http://www.pcaobus.org/Standards/Standards_and_Related_Rules/Auditing_Standard_No.2.aspx
transfer agent
abbam what's your email?
Welcome aboard Benz!
Tanail, Last time I was in contact with Sam he said the equipment is roughly $500,000. I’m not sure if that includes set up, and not sure how much to continue production. Revenues can be expected from 2-3 months after initial set up.
“Hearing second hand info is in no way "Due Diligence". “
Boomer, your stories are so contradicting it’s laughable!
So if you’re statement above is in “no way Due Diligence” Why are you asking these questions on a message board? That would be “second hand info”
Again…. Take one tenth of the effort you are putting into message boards and put it into calling the company, You eventually WILL get Sam on the end of the line, You WILL be able to ask him your questions YOURSELF. Weather he will be able to answer every thing you want to know is up to him. That my friend is Due Diligence! Making assumptions and asking questions on a message board is in no way “dd”. (which is all you have contributed)
Sam has never called me back…. I have always had to contact him myself. They currently do not have a IR right now, and are too busy to be returning calls to every investor who is looking for answers. And I would be worried if he was returning every call he gets because quite frankly he has a business to run. Sam’s number 1 priority is to wrap up everything he has on the table, and although this might not be what you want to hear, at this point in the game he is not concerned short term with what our s/p is. He’s got deals to negotiate, contracts to complete, creation of new JV‘s, government approvals to obtain, and probably a hell of a lot more. Once things are done and over with, the S/P will look after itself.
So do yourself and the rest of us a favor… start doing some “dd” and quit asking questions on message boards, because “hearing second hand info is in no way “Due Diligence””
Then when you get some of your answers, if you would like to share Your “dd” with us, we would be more than glad to hear what you have to say. Because I always thought message boards were for sharing your “dd”, not to find your “dd”.
A message board is a great place to get information, so that you can confirm it for YOURSELF!
msg# 5298
eveyone should email the_freedom_nebula@yahoo.com and have boomer removed from this board.
Boomer, you are already aware that the disclosures state compensation by a 3’rd party. Please keep your bashing nonsense to Raging Bull. I Recommend Booting Boomer off this board. He has hundreds of posts on RB which are all in bashing nature. He's clogged the board up so much it's not even worth logging on to. Trust me, you do not want this guy on here!