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SCAM "confidence game or other fraudulent scheme, especially for making a quick profit; swindle." This is every public company on the USA markets, NYSE NASDAQ, OTCBB, Pinks, they are all scams, by the way I heard Clayton bought some share in APPLE, must mean he is ready to scam this company.
There is a lawyer which is now ready to send a letter to MGT to have them call a meeting to see who has the votes here, MGT or the shareholders, this is great, I am sure when Paul, R. Jackson put up their shares on the table it will total, none
I think this share price right now is going through the idea of the SELF FULL-FILLING PROPHECY, where the shareholder is worried the stock price will go, but starts hitting bids and offering large amounts of stock creating their own prophecy, good for you shareholders kill your own deal.
There are two kinds of people in this world, when they see a accident, there are the ones who just stand there and look for the person to blame, and just keep pointing out the one to blame, never doing anything just motivating their own ego to point out who is to blame, then there are the real people of this world, the ones who are willing to say, yes I see who did this, lets deal with that later, lets get to work and get the accident cleaned up and move on, pick which one you are a complainer that cannot get on with life, or the one who keeps pushing on
Here is your link http://investors.csx.com/phoenix.zhtml?c=92932&p=irol-abouttheannualmeeting#39877
If the directors fail to call the meeting within aforementioned time limits, the requisitionists or such of the requisitionists as represent not less than one tenth of the total voting rights of all the members, may themselves convene a meeting within three months of depositing the requisition. Such a meeting should be called in the same manner, as nearly as possible, as that in which meetings are called by the Board. Any reasonable expenses incurred by the requisitionists must be repaid to them by the company, and any sum so paid shall be retained by the company out of any sums due or likely to become due to the directors in default.
Forget it, Paul is not out for the shareholders of this deal, he is in this for himself, he wants discount paper to blow into the market, I have talked to a few shareholders we agree to get an e-mail address so everyone can send in a total of number of shares and then we total this up and present to MGT we have a control over their interest in this company, remember Paul has not bought stock, Jackson does not have stock, so how could they vote anyway, with our total we can call an extra-ordinary meeting to change the board of directors, we need to get all on this ASAP, Paul is pushing hard to get a new director on to try and have him sign off on a 504 financing, its illegal to do this this way, the board of directors have to bring someone on the board not Paul putting in a nominee so he can run the company his way, he complains that Clayton is the cause yet he is doing everything that he says a scum like Clayton would do.
its not asking control, its taking control of the vote at the meeting with over 50% of the vote represented, how many shares do you think R Jackson has, none, Paul Khan, none, Tom Smith, none, Peter Matousek, IR, none, but these people want to tell you how they should dilute the stock so they can get paid, that is all they want a pay check, they want to discount the stock, get the money ASAP so they can get checks, consulting fees, IR fees, MGT fees, Professional fees and they want to do this on your back, tell IR no, its BS tell Paul its BS
He is tired of the calls the President should be taking, a President that can't stand up to the shareholders, insulting, get IR to find out what is going on, don't let them off, ask the questions
Holders of the common shares do not have cumulative voting rights, which mean that the holders of more than fifty percent of the shares of common stock voting for election of directors may elect all the directors if they choose to do so.
The ground holds the oil
the cheaper the better, better to go high and be wrong then later be called a liar for saying $5,000 and then they find out it is $8,000 per well, lets get Peter to become president
The total number of shares that can be issued is 950,000,000 and the company has issued 838,206,000 so far, they can only release another 111,794,000 into the issued and outstanding, if they do this, then to ask to change the structure they will need shareholder vote to anything more with shares.
112 million shares at this price would only raise $112,000 if you shareholders want this to work, let the mgt know you are fed up with dilution in the market and you oppose any kind of spiral financiangs
They still need the proper resolutions from the company to issues shares to anyone, if Tom won't sign off on any of this pressure from Paul to dilute so he can gets his consulting fees paid, I was told the deal called for treating two wells per month, that is $16,000 times April, May, June, July that works out to $64,000 to give to the project to work the wells needed as agreed upon, I was told
Again, the books of Drake on the financials only end on March 31st 2012, the announcement was April, so I would say the transaction would show up in the next quarterly, lets see if they do this, we still need to find out the promises made and how much money that is
The way you raise money is simple, you get somebody, a person who has funds and that person writes a check to the company for those funds, it can be a loan, it can be a private placement, now if the person only has share then this person can arrange to sell those shares to someone and then take the funds from the proceeds of that sale and do the above, not difficult, the problem of course is you cannot force MGT to spend the funds on the project, they can turn around and pay themselves for past due salaries, but what you can do is make an arrangement with the owner of the oil wells to accept the payment direct and Drake record this on the books as a loan to the company
CARSON CITY, Nev., April 18, 2012 /PRNewswire via COMTEX/ -- Drake Gold Resources (OTC Markets: DKGR) is pleased to announce it has acquired 1,500 acres of producing oil & gas assets in Venango County,
This news says the company acquired not leased, acquired, should be interesting to see how they put this asset on the books of the company in the next quarterly?
You see Paul has worked on many deals with Clayton, many, and now he has taken Clayton off his speed dial, why because RRF didn't come up with the funds quick enough for Paul to get his Consulting fees paid, what a baby, so now he is going to fix the problem, raise the money off the backs of the shareholders by convincing MGT to do discount financing so oh boy Paul to get paid, its that simple, if you do not believe me call paul back and ask him for the truth of him and Clayton
When you talked to Paul, did he say how many shares he has, his family has, his best friend has, or is he just a consultant with invoices to the company with all kinds of advice to raise money so he can get his invoices paid at any cost to the shareholders, anyone who doesn't care about dilution, has not one share in this company
Ok, lets go with what you have it right, I am wrong, I have been wrong all the way along, I have been duped,lied to, scammed, believing in the tooth fairy, at least I know why I am here, why are you if you are so smart
Listen guys I know you hate Clayton, OK we get this picture, we have read all the hate mail, it is alright, we all need to blame someone, but to say there was no deal is unfair, sure have your fun with the comments on Clayton and his group, but there was a deal signed, there is oil wells to be treated, whether they paid their payments on time is another thing all together, if they did keep the proper arrangements, but to say nothing even existed is beyond funny anymore
All I want to know from the President or the Board of Directors, the original deal, the commitment DKGR made to the vendor, the payments due, or the money that was to go to the wells for re-vamp, thats all, I do not care what Clayton says, or Tim says or my next door neighbour, I want to hear from the management from DKGR and what the deal was and what it is now, in or out, all this blame never gets the problem solved, throwing blame onto someone is the typical 14 year old kid who diverts attention away from him by blaming, get on with the project, forget the blame game
Come on, lets see the facts the way they are, the oil package was signed in as an agreement, every agreement has clauses, and if the clauses spell out funds to be paid on certain dates, if the funds are not paid on the dates the agreement is in breach, question is, is this agreement in breach of contract, if so, then is the vendor willing to wait on the funds or is the vendor moving on, this is what the President needs to address to the shareholders of this company, WE CAN HANDLE THE TRUTH
Management needs to show all of us the original agreement to let us all know if this agreement has been breached, and how much money is needed to put up to make good, not salaries here and consulting fees, but how much does the company need to get to the field to have the agreement in full force, can anyone answer this question, the only answer I get is the 504 discount financings are putting money into the treasury but where does the money go, to Paul? To Robert, To Peter, what about to the acutual 299 well program
Bob's phone number is 724-689-9983 and his e-mail is rjacksonconsulting@gmail.com he is the President, there should be no reason he would not want to hear from the shareholders
Also, then we would see at least $50,000 worth of buying into the stock again, lifting this to the mid .004's again
The Board of Directors of DKGR just need to meet, it is that simple, meet, decide the next move for financing and the progression of the wells to create cash flow, the cash flow can just keep going in and revamp each new well to am make the 40 wells producing, simple, just that simple
These Consultants, they always prey on the management when they are pressured, they give all the financial advice, they never put one dime of their own money in, but advise everything to make sure they get a check themselves, I hear the stock is ready to go up and buying is there if this president would just get on with it.
Who is this Consultant to the company, I hear there is a consultant who is giving advice to BOB
Here is the scoop, I have talked to IR, Peter, he has no idea what is going on, has very little contact with Mr. Jackson, it seems Mr. Jackson is a shy guy, not very forward moving, Mr. Tom Smith wants everything to work, he has all our interest at heart, but, if Mr. Jackson does not surface how can the Board of Directors form any new ideas on the progression of the company, we all need to get on Mr. Jackson, push him or get him to move on, what worries me is if he is easily moved around, he may go for one of those spiral financings to get things going, have not heard this, but have seen this with many companies when they fell pressured.
It is the way you run any company, look at the companies act in any state
the previous Board of Directors appoint a new Director through minutes to the meeting, then a resolution and then the person gives his letter of acceptance to the board
If Clayton has a block of shares good for him, he will make money, the board is the board, they will have to defend themselves if they are nominees for Clayton not my problem, my concern is that there is board of directors, there is an asset, the asset can make money, with that good for anyone who own shares, other then that if you feel Clayton owning shares in this deal is bad, then you will have to make a financial decision for yourself
MasterCraft, thank You for follow up, therefore you have discovered that Tom is real, Tom is not Clayton, Tom knows what has to be done, good to know
We need Bob Jacksons e-mail phone numbers, we should all call and leave e-mails and ask for a resignation if he can not communicate on a small company as this, we need management with a hands on attitude
The stock has traded 8 million shares around .0015 $12,000 worth of stock, which this amount is really small compared to stocks when the really get going start trading $50,000 to $100,000 a day, so really no big deal here except this bids are never ready for the sell tickets the way some people just want out and hit every bid that comes up.
If management of DKGR cannot handle the day to day operations of a company which would I am sure is not much to do everyday, remove them and put on people who will run this and get the wells going the way they should be handled
I have now discovered I am Insane, yes Insane, the definition of insane is the belief to keep doing the same thing over and over again and expect different results, and I expected different results with buying more DKGR, wow it hurts to relise one is insane
Has anyone ever talked to Tom Smith , one of the directors of DRAKE, if so is he informative or does he just avoid the questions
DKGR Sub Penny moving
DKGR Sub Penny moving
The well program I was told was to have at least 40 wells producing over 100BOPD in total, this would be a good cash flow to start a major play on other programs