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I do expect a bloodbath as it concerns to trading starting Nov 22 especially if FVSTA remains silent when trading begins. The silence of FVSTA will be it's doom the longer it takes them to properly address all current issues. Even a PR from FVSTA carries little weight at this point. It would take a 3rd party with a AAA reputation to support any fourth coming PR's to gain market and shareholder confidence at this point. IMO. As unlikely as that seems that along with many other scenarios are still potentially possible so again we are still in a holding pattern for a final outcome of all of our hard earned money for those of us invested in FVSTA.
GLTA
bearspread, GREAT POST!
Thanks for posting, your post is very likely one of the many scenarios that will play out over then next few days, weeks, months and so on. AS an investor I certainly hope that one of many others scenarios "MORE POSITIVE ONES" that also can play out prevail. At this point it is just a wait and see game. I appreciate your input they have struck on many of my own concerns.
GLTA
This document seems to to support the limited production of oil as it pertains to foreign companies.
SEE CRS-11
http://www.fas.org/sgp/crs/row/RL33212.pdf
Hope this helps.
GLTA
Sounds like if they found more reserves then they are allowed to produce in Russia as a foreign corporation the Undisclosed buyer mentioned in the PR may exist via a sovereign Russian corporation! Anyone have a link to an official disclosure that limits foreign corporations production of 150 mill tons of crude I have found that number doing my own DD but nothing official.
Thanks in advance for any info.
GLTA
I would not expect FVSTA to put out any PR until they can they can trade on any OR put out 11/22. To put out any info that can not be traded on.
JMO
GLTA
Rational thought,
Let's all try and agree that non of us KNOW what is going to happen, nor can anyone post one single fact that proves FVSTA is 100% legit nor 100% not. Anyone who states as fact or they know for certain that FVSTA is legit and going to do well OR FVSTA is a complete scam and going to sink is either unreasonable or simply not educated in the many forces that can be in play under these circumstances the system is designed that way. This post is simply an attempt to appeal to those who are confused about the future of there vested interest in this company. Anything is possible, one scenario is more likely then the other and OPINIONS are always nice to hear. Whichever scenario you choose in the absence of any tangible facts being available right now is just OPINION. STATEMENTS like "The SEC suspended FVSTA for fraud is as I said unreasonable or misleading.
GLTA
LOL,
Well thanks HokieHead I would think not, however the clear blur between fact and opinion on this very hot topic I am certain not only will it be refuted, I will be considered uninformed, inexperienced, and incapable of seeing what is right in front of me. It is what it is I guess.
GLTA
Using this concept of opinion and past performance of other companies under SEC suspension equaling FRAUD, SCAM and what not with FVSTA is no Diff then when a person is hurt, killed, or abused in 73% of these cases it's a parent, family member, or in the least those who care the most for you. That is a statistical fact, However we do not arrest, prosecute, and convict parents, loved one's and family members 100% of the time simply based on that fact alone....We need just a wee bit more. As do I with FVSTA.
JMO
GLTA
I agree statistically with other suspended stocks that has been the case.
But I still think I am gonna stick to the FACTS as they come out instead of IMPLICATIONS. Call me a prude I guess but I am just a stickler for FACTS and tend not to accept implications as FACT.
GLTA
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
November 8, 2013
____________________________________
In The Matter Of :
:
Far Vista Petroleum Corp. : ORDER OF SUSPENSION
: OF TRADING
File No. 500-1 :
____________________________________
It appears to the Securities and Exchange Commission that the public interest and the
protection of investors require a suspension of trading in the securities of Far Vista Petroleum
Corp. (“FVSTA”) because of questions "NOT FRAUD" that have been raised about the accuracy "NOT FRAUD" and adequacy " NOT FRAUD" of
publicly disseminated information concerning, among other things, FVSTA’s business prospects,
operations, and control. FVSTA is a Nevada corporation based in Levittown, NY. It is quoted
on the OTC Link under the symbol FVSTA.
The Commission is of the opinion that the public interest and the protection of investors
require a suspension of trading in the securities of the above-listed company.
Therefore, it is ordered, pursuant to Section 12(k) of the Securities Exchange Act of
1934, that trading in the securities of the above-listed company is suspended for the period from
9:30 a.m. EST on November 8, 2013 through 11:59 p.m. EST on November 21, 2013.
By the Commission.
Elizabeth M. Murphy
Secretary
Did I miss something?
GLTA
Can you please send me a LINK to that Fraud article? SEC statement? CNBC? ABC? FOX finance? written article? or where ever the credible source is that uncovered this FRAUD FV was caught doing I would appreciate it I have been waiting for a week now for something factual to be uncovered and now finally something i can sink my teeth into RIGHT????????? Now that I know they are involved in actual FRAUD for a FACT I know to sell my shares right away Nov 22 for a 95% loss.
NOT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Board I don't claim FV is in the clear or even on the up and up they have a lot to explain and do look bad right now, But I also don't claim they are doomed, frauds, or thieves simply because I don't ACTUALLY know and neither does any one else who states they know.
GLTA
verycareful,
I am with you on this I do think there is a lot of claims of scam and gloom & doom that are un proven, however as to the SEC suspension I to believed that FVSTA could provide within ten days the SEC info that would remove the suspension. After doing my own DD " Most of which is available on the SEC website " that is not the case nothing FVSTA does post the SEC suspension will change anything they will trade only on the greys. As I understand it they can be re listed on the OTC but that takes a lot to get done and time as well. Also had they been able to do what it takes to get re listed they would never had been suspended. It is what is. All things related to FVSTA and the sec can be found here current as well as any changes or further actions.
http://secsearch.sec.gov/search?utf8=%E2%9C%93&affiliate=secsearch&query=FVSTA
GLTA
So in your experience with SEC suspensions of other companies weather it claims insider activities or company PRs and such, statistically if the SEC suspends you for it in almost all cases it has turned out to be the case in time?
Thanks for your input inn advance!
GLTA
tdbowieknife,
I have not gone through a SEC suspension and you seem to know a lot about the issue. I was trying to understand your post listed below so I can gather a better understanding of the situation with FVSTA.
Thanks in advance for your input.
tdbowieknife,
I've read enough of them to no that the SEC gave them no timeframe. If they got suspended they ran out of time...
If the SEC gave them no time frame how did they run out of time?
There are Many reasons the SEC will suspend a company from trading. Here is the exact reason FVSTA was suspended.
http://www.sec.gov/litigation/suspensions/2013/34-70835-o.pdf
GLTA
IMO
FVSTA has a chance however slim it is, but I still hope for the very best.
GLTA
How do they run out of time if you know they were NOT given a time frame. That is some what of a oxymoron.
Emmm
It's all a sca- shoot till it trades so we will see.
GLTA
All of this is very likely, however to address an alternative view that is also possible but may not be as likely:
FVSTA seemed to be quite chatty leading up to the suspension. They also seemed to be confused, whether they wanted to pump the stock by decreasing the OS, or wanted to dangle mythical buy out offers to retail stock "investors". Per all previous buy out offers - everything is dead. The last offer had an acceptance date of 12-Nov. So did the BODs accept or reject? Nothing to prevent them from issuing a PR about it, except if it was bogus to begin with. Then issuing a PR with the SEC looking on wouldn't be too good of an idea.
The deadline for the potential buyer was presumably Nov 12th as it also stated Monday which was the 11th "confusing" however it was a deadline for them answer to the counter offer. As far as we know the deadline "whatever it was Monday or Tuesday" may have been met and accepted we don't know for certain they never stated they would release the information in a PR as to weather a deal was agreed made or not only that the buyer had till xx time to answer the counter.
Considering the current SEC suspension and the stock unable to trade until 11-22 if a deal was accepted I would see no advantage in any way to FV or the share holders to announce any news until it could be traded on. TMO
I do believe that those of us who are vested in FVSTA are more likely then not going to end up being BAG HOLDERS on this deal. I do not know that for certain, with that said any PR or news FVSTA had to offer Good, bad or otherwise would not be expected until it could trade off of that news. So even IMO I agree were all probably bag holders here, not being very likely yet POSSIBLE a buy out deal sealed up could be announced Nov 22 and we could all be shocked and in my case very well off.
ALL JMO of course
GLTA
I agree. Even though FVSTA is a puzzle right now as very little about these recent claims or them for that matter can be verified, If they trade and news comes out from a 100% legit source as to a buy/sale who may be brokering this deal then FV will fly. That "IF" seems very far fetched at this point but we can always hope. LOL
GLTA
It does appear so at this point doesn't it.
GLTA
PVEN was suspended Oct 30th, The entire SEC form for PVEN really reads very diff then the FVSTA....Just shows what kind of bone heads we have running the SEC.
http://www.sec.gov/litigation/suspensions/2013/34-70771-o.pdf
Not really sure how to take that obviously a error. I agree though the SEC put a ticker for a completely diff stock that is currently trading in a official suspension order. LMAO Guess we can give FVSTA a pass on the day/dates typos on the PRs and the use of language like " massive oil reserves discovered " considering the SEC can't even get the right TICKER in a suspension order. LMAO
GLTA
GREAT POST. Nice to see well thought and well spelled out posts here.
GLTA
Why is PVEN mentioned in a FVSTA SEC document????
Al,
If it's any help at all I also thought the SEC issues could be addressed post suspension but once I did my own DD mostly on the SEC website and I found that the suspension was imposed secondary to a SEC investigation of FV. If they had what the SEC needed they would not have been suspended. All my DD tells me they could not do so and that's why the suspension was placed. I hope this helps as I was also under the impression they could get out from under the suspension but unfortunately found they were suspended because they could not do so prior to the suspension.
GLTA
NewMill,
I must agree. I was of the opinion that FV not coming out swinging and announcing more news guiding us investors, however considering the SEC suspension I am also looking at this from FV point of view " If it can't trade why release any info " however they play it I have not excepted any fact about FV crash and burn or fly high. We have the next 7 trading days to ponder this until it trades.
GLTA
As of yet they sure have not filled to cancel 1 share much less the 200 mill as stated recently. I sure would like to see ANYTHING FVSTA has put out lately happen.
GLTA
If you still believe that FVSTA has any credibility left at all, the PR stated the Financial institution representing the buyer had until 4pm I assume ET as it was not stated " to accept the counter ".
Problem #1. Far Vista Petro is running on vapors in the credibility department at this time.
#2 Was the deadline Monday " as stated " or Tuesday also as stated in the PR " who really knows.
# Assuming Problem number one does a 180 and they restore the credibility issues " NOT LIKELY" and assuming either one of the dates are accurate.
#3 There was no mention in the PR of how the share holders or now what appears to be us " bag holders " will be notified about the boards decision.
All in all I try to weigh ONLY facts as these boards can get very partial and many have agendas of manipulation, disinformation, and misdirection, but in this case I am not holding my breath nor am I making any conclusions. I have mentally put my $$$ tied up into FVSTA in the " L " of my P&L and will focus on other investment opportunities.
GLTA
Can some one please help me hold my BAGS, They are getting VERY heavy.
LMAO
LMAO ya I was kind of hooping for something from FVSTA today myself. Well we till 4pm if not out by then no PR today : {
GLTA
Thanks for that find. FACTS are always a good thing to share with us invested in this company. Weather the FACTS be good or bad facts are what we need.
GLTA
Lets take a poll:
How many on this board believe FVSTA will announce this week that all of which they claim is 100% above board and that they will work diligently to keep FVSTA reputation in good standing as well as keep share holders informed.
Or FVSTA releases no PRs anytime soon and simply moves into the shadows hoping to avoid any pending legal blow back from what has already taken place.
Al,
I think you are in the same boat as me. An investor who is learning as we go trying to figure out where all this is going. I have no agenda other then to make money on my shares of FVSTA. However I have discovered after doing my own DD that FVSTA had there chance prior to the SEC suspension to avoid it by attending to the SEC's concerns. Had they the suspension would not have been issued. FF to now the SEC has suspended them, causing MM to avoid them and hence they will trade on the grey market once the suspension expires. To be listed on the OTC again would take some doing plus what the SEC already asked for and did not get so that is not likely at all from what I have been able to dig up. Again I am learning as I go here but that is the jest of it as I have gathered in just these past few days.
GLTA
Some guidance from FVSTA would be appropriate as they were so vocal as of late. There silence as each day goes by increases my concerns going into Nov 22. Unless they come out with some strong guidance between now and then my guess is Nov 22 will be nasty in the least.
GLTA
I agree a lot depends on FVSTA coming out and up dating the share holders on all issues. They have been so free with PRs prior to the SEC suspension if they go silent now this will sit at sub penny levels for some time.
GLTA
You say Etrade mobile allows you to trade greys? I was going to move my shares of FVSTA to my Scott trade acct as Etrade told me I would not be able to trade FVSTA with them. Any info on this would be helpful.
Thanks in advance
GLTA
No filling on the 200 mill cancelled shares mentioned. Emmmm
GLTA
I thought FVSTA could not trade until the 22nd?