Kingent, I always look forward to your well-reasoned and dispassionate posts. I do agree with you re Owen's future role in Petro - I think an emeritus position should suit him just fine!

Harley, how can we miss you when you won't go away???

Again, thank you, DH, for your proof of 1 verfiable asset.

Thank you, DH. You have provided proof that Petro-Kansas has engaged a law firm... Thoughts, KEJ???

To DHRR06 and KEJ. Private companies are just that: PRIVATE. They are obligated to disclose NOTHING. When will you understand this???? However, when Petro America - Kansas goes public, then they are obliged to be fully reporting. Act like adults already.

Great advice, Cosette! I just did the same.

Pooper, thank you! I will follow up with my broker and my accountant.

My thoughts are with you and your family.

Just a minor clarification: the shares are restricted for 1 year but the clock starts ticking when the funds are received not when the shares are issued. And some additional info: the restriction is less than 1 year IF the shares have been registered in an SEC filing such as an SB-2 or S-1. In any event, we have already surpassed the one year mark. And then some.....

May I join the senior branch???

One can only hope... :o)

I thought that PK is using Pershing. I've worked with Pershing before and I like that they're headquartered in my state,

The TA I worked with could do a 3 day turnaround on a cert request; and quite often 1 day for electronic shares.

Who isn't nervous. Tired of the DDAMD* retirement plan.


* Drop Dead At My Desk...

Easy - a stock split. Put more shares out there at a lower price.

I agree with you completely. Marcia has been really responsive. No complaints here.

Sorry I couldn't respond sooner. The choice I referred was the delivery of the shares: hardcopy cert -or- electronic delivery straight to a broker.

I gave some highlights and insights from my experience with public filings. Very frustrating. I've had some simple registration statements which from initial submission to numerous amendments to final acceptance took MONTHS.

What I find disconcerting are various announcements that "the certs are ready". What certs? Why prepare certs if the shares are being issued electronically. I plan on having my shares DWACd (DWAC = Deposit/Withdrawal at Custodian,ie broker) which we were offered as a choice months ago.

Anyway, bottom line - I don't know when any of this will be done... This would be an appropriate topic for this Thursday's call.

Companies, whether already public or getting ready to go public via an IPO or reverse merger, need 2 sets of auditors:

1) for Sarbanes-Oxley "SOX" compliance (Wikipedia has a decent write up along with more links: http://en.wikipedia.org/wiki/Sarbanes%E2%80%93Oxley_Act). Allegedly, SOX auditors are the "good guys" who work with a company's financial team to ensure that the corporate records are in order for the impartial outside auditors who sign off on the SEC filings. SOX audits are labor-intensive, time-consuming, and extremely expensive. Good news: there is a possibility that the SOX act, because of the financial burden on small firms, may be modified or repealed.

and 2) company auditors who scrutinize and test the SOX audited records. These are the auditors who sign off the SEC filings.

I have no idea how long this will take or how far along PK is. We also need to keep in mind that the SEC has the last word on accepting the filing and so, there could be a number of submissions to the SEC before it accepted as "final".

Good luck to all of us.

Mr. Platinum, Baghdad Iceman - thank you both!!! Excellent posts.

PRIVATE companies are not required to disclose ANYTHING; however, when PK goes public, I expect info re: their mining operations, etc. will be made known...

How many filings have you done? Pre-Enron et al, I could depend on some of my company's filings being accepted by the SEC within a matter of days; one of our latest filings took 14 months. Can you elaborate on your experience with the SEC? I'm always looking to learn more...

I was responding to dhrr06 who tried to impune the integrity and reputation of those working behind the scenes to make this happen. I see no connection to Teresa, Johnny, or anyone else. Just wondering where he/she found it. Anyone???

Here's the link for the aforementioned filing: http://www.sec.gov/Archives/edgar/data/1484273/000148427310000001/xslFormDX01/primary_doc.xml

How does this connect back to Johnny, Teresa, Owen et al???

You may be positioning yourself for charges of libel....

You are on the same continuous loop. Give it up already.

Private companies are NOT required to file anything. So let's chill -ok?

Thank you, PSU. I've heard that from others as well. The less posted on this board, the better for all of us.

I have worked for a public company/issuer with the SEC for many years. It's unconscionable how long the SEC can drag its feet on some of the simplest filings. I recommend looking at the EDGAR/SEC website for any company and see how many AMENDED filings there are before there is a FINAL SEC-accepted one. Fairly recently, I was involved with one simple filing that should have taken no more than 2 weeks for approval, but with all the SEC nitpicking, it took 13 months. Unbelievable but true.

To post a new message, click on the following:
http://investorshub.advfn.com/boards/board.aspx?board_id=7565

Then look above "Posted By"; you'll see "Post New Message".

Alex Ross, Alex Roam. Who are these guys/gals named Alex???

The silence is deafening......

LET'S KEEP INFO FROM THESE CALL PRIVATE AND NOT DISCLOSE ANYTHING HERE.

You just hit that ball out of the park!!! Thanks.

Isn't that insider info???

Thanks, Pooper. Divulging what we learn from our confidential phone calls inspires only ridicule and negativity from the malcontents.

Let's all agree to keep private what we "church" shareholders learn on Thursday calls. The monitors should have deleted those messages since they are OFF TOPIC.

Maybe we'll find out more this Thursday..... GLTA

You nailed it. Thanks!

If Petro's SEC attorney has filed a blanket opinion letter with the TA, the shares may be issued electronically. Been there, done that - that's how it works.

Not a problem - I should gave been more clear.

This link will get you to lots more info, including historical prices and volumes:
http://ih.advfn.com/p.php?pid=squote&symbol=PTRZ

FYI, this site also shows trades. Click on:
PTRZ Quote, News, Charts - it's about a third down in the center.

Then select "trades".

To those who are warning us of this SCAM: zip it already. Our investments in this scam are a "done deal". Most of us embarked on this adventure knowing of both the inherent risks as well as the potential rewards. Speaking for myself, I am bored by your tedious rantings and your smug, officious 'tudes. So, I implore, knock it off already.

Good luck to the rest of us.

Like you too and enjoy your posts. Informative.