Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
WARNING! BE CAREFUL WITH RNRG
JUST READ THIS:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57922421
WARNING! BE CAREFULL WITH RNRG
JUST READ THIS:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57922421
DASWANI PAYS JUST 16.5K FOR 35 MILLION SHARES
THEN TURNS AROUND FOUR MONTHS LATER AND ISSUES 1.3 MILLION SHARES FOR $400,000!.
For a company that hasn't earned a dime, I'll give credit to Daswani. IT LOOKS LIKE HE KNOWS HOW TO EARN A DIME WHEN ONE HASN'T ACTUALLY BEEN EARNED.
Item 5.01 Changes in Control of Registrant
On December 9, 2009, Sugarberry Assets Ltd. (“Sugarberry”) acquired control of York
Resources, Inc. (the “Company”), through the purchase of 35,000,000 shares of our common
stock (the “Purchase Shares”) from Kelvin B. Campbell. Sugarberry is the wholly owned holding
company of Ravi K. Daswani, our new Chief Executive Officer and President. See Item 5.02
below.
The shares purchased by Sugarberry represents 61.3% of the issued and outstanding voting shares
of our common stock.
The consideration for the share purchase was $16,500.
The source of funds for the share purchase was working capital provided as a loan to Sugarberry
by Mr. Daswani
THEN HE TURNS AROUND AND ISSUES 1.3 Million Shares for
400k.
In March 26, 2010, we agreed to issue 1,333,333 shares of our common stock, par value $0.001 (the “Shares”), together with
warrants entitling the investor to purchase an additional 666,667 shares of our common stock at an exercise price of $0.40 per share (the
“Warrants”), for an aggregate of $400,000. The Warrants expire on March 31, 2011. Together, the Shares and the Warrants constitute less
than five percent of our issued and outstanding shares
HA! HA! HA!
SUGARBERRY HAS EVERYTHING TO DO WITH THIS COMPANY
All the folks involved here list this virtual office in London as their address. Daswani and Sugarberry are tied to the hip. No one has a clue where Daswani is located.
Common Stock Sugarberry Assets Ltd. (2)
Third Floor, Shun Feng International Centre
182 Queens Road East
Hong Kong
35,000,000 59.9%
Directors and Named Executive Officers
Common Stock Ravi K. Daswani (2) 35,000,000 59.9%
Landmark House, 17 Hanover Square
London, W1S 1HU, United Kingdom
Kenneth G.C. Telford -- --
Landmark House, 17 Hanover Square
London, W1S 1HU, United Kingdom
Ian G. Robinson -- --
Landmark House, 17 Hanover Square
London, W1S 1HU, United Kingdom
Simoun S. Ung -- --
Landmark House, 17 Hanover Square
London, W1S 1HU, United Kingdom
Common Stock All directors and executive officers as a group 35,000,000 59.9%
(1) The percent ownership of shares is based on 58,383,333 shares of common stock issued and outstanding as of August 2, 2010.
(2) Sugarberry Assets Ltd., a British Virgin Islands company, is wholly owned by Ravi K. Daswani, our president and chief executive
Correct, Meant A/S
IT'S RIGHT IN 14C THE FILING
Sugarberry Assets Ltd., a British Virgin Islands company, is wholly owned by Ravi K. Daswani, our president and chief executive officer
OH, NO, NOT ANOTHER VIRTUAL OFFICE!
http://www.companiesintheuk.co.uk/ltd/landmark-virtual-offices
AND an increase in the O/S from 100mil to 500mil in August
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7416875
And the CEO has A Solely Owned Holding Company, "Sugarberry Assets Ltd" in the British Virgin Islands?
and also lists an address in Hong Kong for it?
Sugarberry Assets Ltd. )
Third Floor, Shun Feng International Centre
182 Queens Road East
Hong Kong
Just wondering where the heck this CEO is actually located?
Ha! Ha! Ha!
WHERE'S THE 8k FOR THE DEAL WITH VITOL?
Isn't this supposed deal is worthy of an 8k, or, at the very least, a P/R by RNRG?
Actually, all the 8k's filed seem to describe more debt and dilution.
WHY THIS CEO CAN'T BE TRUSTED
Take this for what its worth, but there is a major credibility issue with this CEO. It all began after a great run from trip zeros to .048. At that same time, on November 9th, Hollis updates the OTC Markets. The O/S is left alone at 193 million, but the float gets updated to 95 million, from what was earlier thought to be around 65 million. But now the stock starts to crash and T-Trades in the millions start showing up every day. Investors are trying to make sense of the T-Trades, not wanting to believe it was dilution, because Hollis is telling shareholders that nothing has changed. Yet, most everyone now concedes that that was what was going on.
But then, things really get interesting. On November 12th, the 10Q gets filed. However, rather that stating the CURRENT O/S as of that date, which is all the shareholders really cared about at that point, the 10Q lists the O/S as of September 30th - A Big RED flag. Moreover, the T/A now gets gagged. Actually, the T/A gets gagged right after the last update on November 9th. The T/A starts telling shareholders that they now need to contact the CEO. Hollis, however, stops talking about the SS, also. Shareholders are left in the dark as the stock the stock declines almost 80% back to around a penny.
I'm betting that by now, the float at least matches the O/S, and I wouldn't be surpised if the O/S is way more than 200 million. For now, the diluting may have stopped, but it will start up again, for sure, if the company plans on doing any actually mining. A new drill program at the Basin Gulch will cost big bucks, which the company doesn't have. Moreover, they're more than a year or even two years away from any production, because after all the new drilling, a new feasibility study will have to be compiled.
Anyways, best of luck to the investors, here. Perhaps this stock will see better days. I just don't care to invest my hard-earned money with someone I can't trust. Its all a confidence game in pennyland.
FOR THOSE WHO READ THE FINE PRINT
Per 10Q filed in August, the company (two people) sells $400,000 in shares for the three months ending in June. Then, it turns around and pays their two employees $330k. Cash balance of 70k, was what was left of that stock sale.
Not a bad salary for three months work for an empty shell, eh????
HA!HA!HA!
LOLZZZZZZZ!!!!
YEAH, BABYZZZ!!!
HA!HA!HA!
LOL!!!!
CSTI
THE DILUTING MACHINE DE JOUR.
SHIP SINKING - NOW FLUFF P/R
HILARIOUZZZ!!!
T/A GAGGED & SO IS THE CEO
T/A says to ask the CEO.
CEO WON'T DISCLOSE SS.
Anyone try calling 911 for it?
ORCL
ALL THE PENNIES ARE FILLED WITH QUICKSAND
ORCL
ALL THE PENNIES SUCK RIGHT NOW
IS CSTI DUMPINGZZZ?
CHOMPZZZ! CHOMPZZZ! CHOMPZZZ!
OUCH!!!
Ha!Ha!Ha!
ORCL COULD HIT 34
ORCL[ HITTING NEW HIGHS/b]
ORCL
Huge Winner All Day
SOLID STOCK
Ellison is DA Man!!!
tired of all the stinky pinkies.
ORCL
$$$BOOM$$$
ORCL
Booya!!!!
CSTI SHOWS UP AT .0043?
CHOMP!CHOMP!CHOMP!
I'm Hearing This is a 15K PumPPZZZ
just read his
disclaimerzzz
Basher Lawsuit Tomorrow? LOL!!!
I doubt if you'll EVER hear these punks AGAIN. They're currently running for their lives.
CEO Whisperings Already A Red Flag
actually, its CEO snickerings
Can We All Say P&D?
LOL!!!
My Mistake
that's 10 million, not 100 mil.
my apologies.
100 Million Addt'l Shares Coming Your Way
That's what its going to take to pay for this property - triple the current o/s within the next five months.
How would you like them served???
A Share Exchange with their Hong Kong Subsidiary???
I wonder what this was all about.
On 6 July 2010, the Company closed a share exchange agreement with Oteegee International Holdings Limited, a company incorporated in Hong Kong. Pursuant to the Agreement, the Company issued 61,647,250 shares of common stock in exchange for 4,000 common shares representing 40% of Oteegee International
No, It Doesn't
A stock exchange with their "Hong Kong subsidiary"???
Can Anyone Explain This?
From the 10Q filed in July:
On 6 July 2010, the Company closed a share exchange agreement with Oteegee International Holdings Limited, a company incorporated in Hong Kong. Pursuant to the Agreement, the Company issued 61,647,250 shares of common stock in exchange for 4,000 common shares representing 40% of Oteegee International.
Pardon the grammatical errors
should have reviewed it more carefully.
LOTS OF BUZZ HERE, BUT
Only spent a few minutes reading the 10K, and I could be wrong, but a couple of red flags pop up immediately pop us. I'm being extra cautious, especially after the SA*I debacle.
First, per the 10K, the company concedes to having only $84 in cash and only earned $4500 for the fiscal year ending in August. Yet, in order to complete the deal for the Abigail property, it will have to issue another 15 million shares and raise $550k in cash by May 2011. With an O/S of only 30 million, that sounds like a pretty big hit. Its last deal fell through because it was only able to raise $75,000, so its clear the company will be diluting, the only question is when???
Second, does anyone live in Las Vegas? By the looks of it, their office is is another one of those virtual offices, deja vu, of SA*I.
http://www.superpages.com/bp/Las-Vegas-NV/Virtual-Offices-of-Las-Vegas-L2044624877.htm
Good luck on this one.
Agree
thank you to all the names mentioned.
I doubt this trades tomorrow
This was over a 100 million dollar scam. And, I wouldn't be surprised if Mr. P. hasn't already talked to the SEC. The SEC is locked and loaded.