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Ok, where do you get a $100,000,000 deal from? That is nice. But, if there is no reporting or accountability, who knows where the cash goes? What do shareholders get out of it?
How much revenue and what are the expenses associated with it?
how is anyone supposed to know without any filings? Just guess?
So, what was the acquisition costs? How many shares were given? How much cash? Dont you think these are important numbers? Did VYGO assume a ton a liabilities? You have to wonder about buying junk, sometimes there are environmental issues that get expensive. You know, just standard DD stuff. Who knows? How can you say this will go up without knowing details? Are there people that buy just because they get on IHUB and posting say it is going up?
Ok, see, noone knows because nothing is filed. I will check back with them and tell them we dont know. Maybe they can tell me since noone else will, everyone wants to keep it a secret.
So there is no evidence filed of record for the merger, so in reality, investors do not even know if one has even taken place, and if so, if it is even valid. The SEC told said that a sb-2 needed to be filed along with audited financials for it to be valid. They may be wrong, I can call them and find out.
They said they did a reverse merger, correct?
This may not even be valid if they did not file a form SB-2 with the SEC and audited financials within 4 days.
Can someone show me where to find the SB-2 filing Before a reverse merger is valid, this must be filed along with audited financials witin 4 days. Please tell me they are compliant and show me where I can find these. I guess I could email the sec and find out. Thanks, Pepe
How do you know that expenses will not be more than revenue? They have already shipped once and noone can find the revenue.
Oh, I see, so stock price is reflected by the amount of hype?
dont worry, I am not embarrassed asking legitimate questions. If any stock has financials, audited or not, at least I may have a reason to believe in the price going up. But, just because you say it will go up without any technical reason, I dont believe it. Anyone who believes the future is bright because they read it here, needs to be embarrassed. Got it?
what makes you say they are better off now than a week ago. The reverse merger is basically a big dilution.
10-4 there good buddy. So with no reports or financials, there is no way of knowing if this is profitable or not. Is that correct?
Navy, could you please explain to us how a public company benefits from hiding revenues or the lack of them? They must feel there is a benefit to be a non reporting company.
Yes, with 14 year old reserves analysis, there may not be any more oil there today.
Sorry Navy, but you are correct, both the financials and the money are missing. Remember, this is a public company with no filings, so missing. LOL
The money is missing unless accounted for.
Dont forget the "roll out" LOL Brandon loved that term
Is this run by the mob? Cash is missing and everything is alright? WOW
did he give the money from the last shipment to the new CEO?
so the cash is still missing from the first shipment, why ship more?
Does anyone know where the cash with for the slop oil from the first shipment? Is the cash missing?
If GSRE is in default with the SOS in Nevada, the merger may not even be valid. Plus, any action taken by an officer of a Corporation that is in default may personally be liable. WOW
They already shipped some last year and nobody knows where the money went. Not good.
nearly a month and still no financials? What are they hiding? They do not even need to be audited, just some thing. I am losing confidence fast. GRRR
No Volume on No production for North Texas Energy. Sad deal, This is a rinse and repeat deal when Toth took over Titan Oil, changed the name to GSRE, Crows run (Existing Production, remember) LOL They said Crows run would produce $90.000 month LOL Never produced a penny.
bcm had $195,309 income, $767,747 Expense, lost almost $600,000 in 11 months.
So the 1100 BOPM is a dream also?
I wonder how these guys are doing business in Texas without being registered? You can look it up online or call and confirm. I asked them if a company was producing oil and gas in Texas if they need to pay any taxes. She laughed, and ask if I was kidding. I told here no I was not, I was looking for a company that is claiming that they are selling oil and gas but I cant find a certificate, so she looked herself, said she couldnt find it so I gave here the information.
so the new company filed false reports?
Regrettably, I hate to inform you that North Texas Energy did not even exist until last Wed, the 12th. How could they have 1100 BOPM production?
Can you prove one quart of that 1100 BOPM? It is easily verifiable. API #, lease number? Anything.
If they lie and file false reports about Crows run, what else is a lie? If North Texas does not do enough DD to uncover lies, why would they not make the same mistakes in the future with investors funds? In other words, they did not do their DD on the reverse merger? Why trust them moving forward?
So now we have mystery oil, mystery revenue, and mystery oil leases. No verifiable evidence of anything tangible. Revenues, oil and gas sales and leases are well documented. Without proof, this does not look any different from anything of the past.
can anyone find a quart of oil OR A PENNY OF REVENUE that North Texas Energy has ever produced or not? SIMPLE QUESTION
Hey buddy, I have tried to find one hint of production or revenue for North Texas Oil, there is not any. Please provide a link if I am wrong.
North Texas Energy was just formed last week and has never produced a quart of oil. They are not registered as an Oil and Gas Operator with the State of Texas, and they office in a temporary Office suite. One question, what creditials or revenue do they have at all?
SO GSRE will have to take off its balance sheet $1,600,000 for crows investment and AEOH will have to write down $1,500,000 to correct the Crows run false statement of ownership.
North Texas Energy has never produced one quart of oil. In fact, they are not even a operator registered with the Texas Railroad Commission. IN FACT, THEY WERE JUST FORMED ON JANUARY 12, 2011. NO TRACK RECORD, NEVER PRODUCED ONE DROP OF OIL.