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Adios, Lucky, Adiron, Total, Rex, Zag, Sweet...
Calling each other names, or pronouncing stock deals as completed or not completed, or who is or is not telling the truth – does nothing to further the focus of the investigation of the person who actually put all of OUR money into his own pockets – and lied about it.
I suggest you all focus your comments on the two criminals in this business. Mr. Dial and Mr. Fullenkamp. Both are under the microscope of federal authorities. Both are in line for serious and long term challenges, from attorneys, the SEC and the FBI, and the IRS.
My guess is that there may be no new Press Release until the on-going legal investigation wraps. This seems to be the normal process when charges are prepared against individuals (or companies).
As a shareholder, my personal desires are: the gas field wells and contracts get straightened out, Jon Fullenkamp’s cash plundering is brought into the sunlight, all criminal activities are pursued by the different federal agencies, the company books are correct and meet all SEC standards, and finally, my share value is returned to where it belongs.
If the current Board and CEO are self funding the process of standing VYEY upright, that is not only OK, it is great.
If there is a short coming of the current VYEY administration, it is not passing their investigation information to the public. I can overlook this if all my other desires are fulfilled first.
Lets help the VYEY Board and print some facts here, not name calling.
New CEO - Mr. Miranda is the best possible person to be in charge. The new CEO is going back through all contracts and payments and stock distribution - done by Jon Fullenkamp. The new CEO, with a couple key Board members, is working in the gas fields to continue with the real wells and search out field irregularities between Jon Fullenkamp and Jim Dial. The new CEO is working fast to bring Victory in compliance with the SEC. The new CEO's biggest challenge in the very short term is to take Jon Fullenkamp's completely false financial reporting and provide the truth to the SEC. Many attorneys and many accountants are involved.
You all must know that Jon has already started moving what he can to another public shell. The question - will the current shareholders who invested publically be given the same advantage as the private investors that Jon is taking over to his new company. The cons will be the same.
Will Victory Energy be able to continue to acquire funds for fictitious wells following the Delisting?
We agree with Mr. Fullenkamp, Victory CEO, that it was necessary to change outside auditors. After reading the notes for their audits of April 2005, 2006 and 2007 (listed below), each stating that there is "substantive doubt about the Company’s ability to continue as a going concern", I would be concerned also. As Mr. Fullenkamp will tell you, this is not true and it is time to find someone who will tell the public something different. That is, different from the fact the company still does not really exist - except in the eyes of the investors that Mr. Fullenkamp continues to bring to his wallet.
(1) In Mr. Kinross-Kennedy’s report dated April 5, 2008 for financial statements for the Registrant’s fiscal year ended December 31, 2007, Mr. Kinross-Kennedy indicated that: “The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company has suffered recurring losses and has not yet commenced operations. This raises substantive doubt about the Company’s ability to continue as a going concern. Management’s plans in regard to these matters are also described in Note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.”
(2) In Mr. Kinross-Kennedy’s report dated April 2, 2006 for financial statements for the Registrant’s fiscal year ended December 31, 2006, Mr.Kinross-Kennedy indicated that: “The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company has suffered recurring losses and has not yet commenced operations. This raises substantive doubt about the Company’s ability to continue as a going concern. Management’s plans in regard to these matters are also described in Note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.”
(3) In Mr. Kinross-Kennedy’s report dated April 17, 2006 for financial statements for the Registrant’s fiscal year ended December 31, 2005, Mr.Kinross-Kennedy indicated that: “In order to continue as a going concern, develop a reliable source of revenues, and achieve a profitable level of operations the Company will need, among other things, additional capital resources. Management’s plans to continue as a going concern include raising additional capital through sales of common stock. In the interim, shareholders of the Company are committed to meeting its minimal operating expenses. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.”
Alias:
Who are you? One of the paid pumpers? You must not know about the long period of illegal activities by the CEO and the current investigations. If you are receiving shares to pump the VYEY stock, be careful. You could be tied to the investigation. If you simply do not understand, then take a look at the ACTUAL field reports as compared to the press releases. BIG difference. That is a small starting point in the bogus information.
Here is an INSIDER's information - the 10Q is completely false! Values are improperly created in order to set other values on the financial statement. Without going further, you should send an email request for an explaination about sudden numbers that appeared, and if you get a respone (none will come), question the information. There is nothing there! From someone who knows!
One of you - a poster here - is getting paid in shares to pump this price. I watch it happen. A regular occurance. Who are you?
Remove the CEO and stock will rise 100% in one day. And 100% each day for a long time. Remove the CEO for the good of the company. New Board members - are you listening? The CEO has been saying for a couple years that individuals are out to wreck Victory Energy - Not True. The opposite is true. Remove Jon Fullenkamp to save the company.
Jon is telling his new Board that people are wrecking the company. If the Board members think for a minute, they will realize that those Jon is talking about hold quantities of shares. They only win and restore share value when they remove Jon Fullenkamp.
Remove the CEO and stock will rise 100% in one day. And 100% each day for a long time. Remove the CEO for the good of the company. New Board members - are you listening? The CEO has been saying for a couple years that individuals are out to wreck Victory Energy - Not True. The opposite is true. Remove Jon Fullenkamp to save the company.
Jon is telling his new Board that people are wrecking the company. If the Board members think for a minute, they will realize that those Jon is talking about hold quantities of shares. They only win and restore share value when they remove Jon Fullenkamp.
Science states that an object, which appears to keep getting smaller, never actually disappears. It just keeps getting smaller.
Dear Jon:
Nice press release. The reason? - there must be an investor on the hook to provide more funds for your pocket.
You are being a little better - your statements may not be completely false this time "in accordance with historical information from the gas field". That means nothing to most people. To those who know the actual field production, that means very little flow of gas. To your potential investors, this meaningless statement must mean a lot.
Good luck. The temporary team which will run Victory until a new Board and new CEO are placed, will need any cash you have in your pocket and also hidden.
$4 mil quarterly revenue? Is this from a certified accountant who actually saw real well records and the revenue checks? There should finally be money in a bank account. Or is this now in those hidden bank accounts?
Or, is this statement phoney like everything else?
CEO Jon Fullenkamp: Have you considered resigning before the heavy events happen? You must be aware that the price per share will jump once you are out of the company? You and your stash of shares might be happy with a better price.
Prior to the current serious high level complaints with the SEC, the SEC had determined that the operation of Victory was very POOR, and required Jon Fullenkamp to make a number of changes. Adding some sort of Audit, financial overview, was ONE of many requirements. There is a good possibility that the new CFO may not actually be very involved beyond his current involvement of a high level, outside view of the activities.
Desert Wolf - Quiet? No. There are a lot of shareholders waiting for the final knock on the door of the CEO, by two federal agencies. It is coming soon. Then, and only then, the share price will move to where it belongs.
Board of Directors: Perry Mansell (and the "temporary Board Appointees" - temporary until confirmed at the closed-input shareholder meeting).
A legal question. Do you ask the CEO, Mr. Jon Fullenkamp, to step aside if you learn about a criminal investigation? Or, do you wait to remove Mr. Fullenkamp completely when criminal charges are filed?
From all the questionable stock payments that Mr. Fullenkamp has been providing himself, it would seem that the only choice is to have Mr. Fullenkamp step away from his responsibilities (and stock freedoms) if you are made aware of an investigation.
Mr. Fullenkamp's step down is the only choice - given that it would be appropriate since it is an action that is fair to the shareholder public. Actually, if Mr. Fullenkampo was smart about this, he would step down now because the price per share will go sky high once he is no longer involved in Victory. Think of the value of his shares!
Another Note to All:
I expect you all understand that no matter what you complain about, Mr. Fullenkamp will continue, as quick as he can, to fill his secret bank accounts until this ride ends. You can complain to the SEC as often as you like. You, and Mr. Fullenkamp, know that they are buried with bigger problems. However, they do have a special eye on Mr. Fullenkamp and have told him so.
The challenge that will remain to all the shareholders - is that nothing will force Mr. Fullenkamp to do anything in accordance with SEC regulations, and more important, in fairness to shareholders. He knows the Mr. Pinchin was fined $25K for his stock manipulations. Thus, if Mr. Fullenkamp can get away with as much as possible, killing off all the unknowing investor's share value, then he will expect the same fine - while he is sitting in the sun in Hawaii with his girlfriend.
It is difficult to accept - but Mr. Fullenkamp is playing the game with the knowledge that he has time. It will end, but his penalties will be nothing as compared to the shareholders hoping there is some way to "un-ring the bell", to get something back after listening to promises from Mr. Fullenkamp.
Just keep up the pressure. There is a slight possibility, but nothing to count on, that Board member, Mr. Mansell, might start asking why the whole world is wrong and only Mr. Fullenkamp is right. He may start thinking for himself. Still, it will be too late to help any of the current shareholders.
Difficult to think about, but the facts....
Hopefully, the knock will come on his door soon - following on the Tim Pinchin escapade.
A note to all: Here is the path that Victory's CEO, Mr. Fullenkamp, will walk on his way to CRIMINAL status:
His good buddy, Tim Pinchin [see the SEC page http://www.sec.gov/litigation/admin/34-47580.htm ] has been very close and advising Mr. Fullenkamp. Mr. Pinchin was with Mr. Fullenkamp at the Board meeting in Vancouver. Mr. Fullenkamp told his two Board members, Mr. Mansell and Mr. May, that Mr. Pinchin could not be seen by any of the Victory shareholders in the Board meeting because of a "little Problem" with some stock transactions. Mr. Pinchin spent time with Mr. May and Mr. Mansell talking about how the stock was going to explode under their great plan. Mr. Mansell and Mr. May saw Mr. Pinchin with Mr. Fullenkamp again a couple months ago in Southern California, and heard the same message from Mr. Pinchin. Mr. Pinchin mentioned a new listing on the Frankfurt exchange - something that was going to drive the price per share of Victory sky high. [ Frankfurt Stock Exchange (FWB), stock symbol, 4VY, and the WKN: AOML5Y ]. At no time did Mr. Pinchin discuss wells or drilling.
SO... here is what happens. Mr. Pinchin will soon get a knock on his door because he is in violation of his agreement with both the SEC and the Canadian Exchange. Mr. Fullenkamp, Mr. May and Mr. Mansell will be called to make a statement about what they know. Does Mr. Fullenkamp try to protect his friend, Mr. Pinchin, and lie? This puts Mr. May and Mr. Mansell on the spot. If they tell the truth under oath, then Mr. Pinchin is in real trouble. If Mr. Fullenkamp lies, he is in trouble. If Mr. Fullenkamp tells the truth, he is in trouble. The next step after Mr. Pinchin is taken care of, is what Mr. Fullenkamp did with Victory under the relationship with Mr. Pinchin.
No matter what Mr. Fullenkamp tells the public, the money machine is coming to an end. I suggest the shareholders watch close for any new share changes by Mr. Fullenkamp. He needs to do as much as he can before the secondary investigation into his past share transactions begins.