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Do you guys find it strange that they have not provided financials for one of these acquisitions? I dont care how many BOPD they claim, back it up, show us the cash flow. Until then, based on the past, it is plain BS.
With no filings, no financials, you have to see that any news is just the pump before another dump.
Both sides should have know better prior to conducting any business. This is sort of like spitting on someones face and then saying excuse me, I am sorry.
The fact that GSRE was in Default shows the lack of proper Business Acumen on both sides. Sort of like a blind leading a blind.
you did not get many, LOL $498 worth of stock traded today, so far, total. LOL
I am not worried one bit about it, to be honest with you. I am simply pointing out major deficiencies to the cheerleaders. Why would anyone invest with a company that has zero downstream accountability, only blue sky forward looking BS PR's?
not one cent of accountability. Wonder where the cash went from the shipments?
I dont see an explosion coming without any filings. Why would anyone put big money in something where there is no accountability? A prudent management team would get current on the filings.
Website suspended, no filings at all, looks like it is falling apart to me
junior Oil company? LOLOL I have more oil in my hair an gas in my stomach than this company has ever produced. LOL Call me Junior...... LOL or JR for short.....Hell ya, where is Sue Ellen, LOL
DNA of Brandon Toth,
Is this the same wells Brandon used a pump deal with EDVP a few years back? They were same count in Oklahoma
why dont they work on the filings, get the house in order before putting out fluff PR's noone believes?
Some forget, North Texas Oil has "0" production. They were just formed a few weeks ago. They have nothing, nada, zip...
Petrolia has not had any production since August, 2010.
It looks like they trick people with these huge PR's. Then, they say oops, not really. LOL GSRE is not in good standing, someone could sue the directors personally for the tricks.
Intent to Plug Eberle on 11-20-2010 Filed. How can there be production?
API Number: 42-021-30581 Location: Bastrop, Texas
Operator: TEJONES OPERATING CORPORATION Current Lease Name: EBERLE ET AL #1 Well Number: 1
Event: Intent To Plug Event Date: 2010-11-20
Casing Status: Unknown Well Total Depth: 6,577
Current Well Type: Oil Status: plugged oil well
Another example, What if GSRE lease some property, drilled a well using GSRE money, and it makes a thousand bbls per day. The money is spent, then the landowners decided they would negate the lease because when GSRE acquired the lease, technically they did not exist. Now the landowners have a 1000 bbl day well paid for, for free, and GSRE shareholders have nothing. Just saying.....
Bucky,
Here is an example:
Jim Bob and Joe Willie incorporated in Nevada to do business as Try Us Oil, Inc. They bought some wells and they wells did not make much oil so they decided to not pay there fees to Nevada the following year. Jim Bob and Joe Willie had workers out there and one of them got killed. Jim Bob and Joe Willie decided they better bring there Corp back in good standing. However, Jim Bob and Joe Willie got sued personally because Try Us Oil was not in good standing when the tragic accident occurred.
This makes perfectly good sense, otherwise, you could just be in good standing when you needed it, right?
So, you are not protected by the Corp shield when anything happens while you are not in good standing.
Getting right to it, the acquisition is probably not even a valid one if it took place while they are not in good standing.
Bucky, Read this, it explains the consequences of not being in good standing. Technically, a transactions that takes place while not in good standing can be voided. Read his explanations. You can also be sued personally if the transaction took place while the Corp was not in good standing.
http://incorporationsolutions.com/blog/index.php?m=08&y=10&d=26&entry=entry100826-163449
I dont care if it goes up 600%, the exposure to them personally is huge. They can be personally sued.
In other words, now, anything that happens with GSRE, these boy scout dudes can be personally responsible for because GSRE is not in good standing with the Sec of State in Nevada. I am not sure how prudent these guys can be for even getting themselves in this position.
If gsre was not current, the acquisition could be challenged. The directors could be personally liable if the company was not in good standing. This is not good.
I am guessing that he does not know the history here. I cannot see anyone with morals getting involved with management of this stock.
Lol, low volume, low price, and you only bid .0025. Lol you must not like it , shatters is the difference between .0025 and .0027 if you like it and have confidence? Lol. No website, no financials, no income, no assets, nothing of record. Lol
Nothing huge about this at all. Only a little over $5000 traded. LOL I bought my 14 year old a tennis bracelet for her birthday today that cost more than that. LOL I cant wait to tell her that her wrist is worth more that VYGO. LOL
bubba,
You posted this "If you have information that could help investors better decide whether to Buy or Sell as informed investors I would think you would post it" That is what I am trying to get VYGO to post. Revenue, Expense, assets liabilities etc.....
who wants debates, all that we want is financials, I do not want to debate who pushes the pencil. LOL Who cares, give us something to work with, not debate why you shouldnt be prudent.
yes, it is his responsibility to do it or get it done, we need a starting point for accountability.
who said anything about audited financials? It is the CEO's responsibility to get sufficient information to the shareholders, now are you saying he is incapable of doing his job? Are you saying it is not his responsibility? It has been a month, anyone running a company that cant get simple financials to shareholders probably does not deserve to keep his job.
Simple filings would be great wouldnt it? It would solve lots of problems. If he has time for a thousand phone calls, he has time to get financials together. When you make an acquisition, a legitimate company lets the shareholders know basic financial facts and conditions, like income, expenses, liability, assets and maybe even potential revenues for the immediate future. Any reasonable Executive has this info available at all times. WHy would you not reveal this unless you have something to hide? Or could it be he is so lonely, he wants a thousand phone calls? Does not make much sense to me. Shareholders want their CEO out doing deals, operating the business and making money, not playing IR dude. Not very efficient or diligent......
I read on yahoo that scrap USA has lots of debt and may be going bankrupt. Without filings, we do not know how much debt they have. So sad.
Without a hint of legitimacy, this will stay in the tanks. Just think, noone knows if vygo has millions of assets or is going millions in the hole each month. You would think if the had decent financials, they would be reporting.
It does not look good. The put out a PR, list their website on their then it gets shut down. Not very good business practice, IMO, until things change, like updated financials and when they explain where the cash went for the last shipment, this may stay in the dumps. (no pun intended)
did you know they were nearly 2 million in debt?
in 10 years, you can have a penny.
LOL If I remember correctly, the were supposed to give him like a 25% override, plus $5000 month, plus minimum royalty, so if they wanted to get it, they probably owe him several hundred thousand already. LOL
I doubt that 1100 BOPM would ever pay the nearly 2 million of debt. Some of that is Royalties are they can drop da hamma at anytime and make yo life miserable.
From the 8-k Sir
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts Payable
Accounts Payable 643,236.05
Total Accounts Payable $ 643,236.05
Other Current Liabilities
Hancock #40493 111,050.68
Royalties Due 280,000.00
Whitney #4683 500,000.00
Whitney #61878 254,295.96
Whitney #82570 141,175.00
Total Other Current Liabilities $ 1,286,521.64
Total Current Liabilities $ 1,929,757.69
Total Liabilities $ 1,929,757.69
yea but they are in the hole like $1,600,000