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#fake DD
Absolutely not. It’s a carrot being dangled in front of the swamp donkey.
Don’t be like mgmt and forget that 2.7 billion worth of dolomite.
Been playing the crappy waiting game here for four years. How many’s years will you wait for Wright’s lies to come true?
Low stable share structure?Not really.391 million issued and outstanding only 100 million left.
All with no dilution? Really? That’s not what the filings state. Who’s stretching the truth here you or the filings?
Every deal made here has diluted shareholders.
From the most recent unaudited filing
http://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=183065
Effective September 30, 2013, the Company closed on a Purchase and Sale Agreement with West Salt Creek, Inc. for the purchase of 2,064 acres of Wyoming oil leases. Located in the Powder River Basin, the leases include active wells with current production along with the associated fixtures, pumps, vehicles, and tanks for the current field operation. The purchase price for the property leases, well interest, and equipment is $3,900,000. The Company paid for the acquisition through the issuance of a) $3,000,000 in Preferred A stock (which amounted to 300,000 shares of Preferred A stock valued at $10.00 per shares). The shares have a two year lock up, may be called by the Company during that time period at the stated price plus a 6% cumulative annual premium, and may be converted to common shares after the hold period at a 20% discount to market; and b) $900,000 in Common stock (which amounted to 9,000,000 shares of Common stock valued at $0.10 per share). The common stock is subject to a 1 year lock up, a metering and block trade restriction, and Rule 144. At no time may the seller own more than 4.9% of the Commons shares of the Company. Additionally, the Company issued Warrants to the seller for the purchase of 4,500,000 shares of Common stock. The Warrants have a strike price of $0.50 per share, expire on the fifth anniversary of the closing, and are to be paid for in cash.
Two weeks from never.
And again.
http://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=183065
Effective December 31, 2013, the Company closed on a Purchase and Sale Agreement with Ventrum Energy Corp. for the purchase of 975 acres of Wyoming oil leases. Located in the Powder River Basin, the leases include active wells with current production along with the associated fixtures, pumps, vehicles, and tanks for the current field operation. The purchase price for the property leases, well interest, and equipment is $1,105,720. The Company paid for the acquisition through the issuance of a) $1,055,720 in Preferred A stock (which amounted to 105,572 shares of Preferred A stock valued at $10.00 per shares). The shares have a two year lock up, may be called by the Company during that time period at the stated price plus a 6% cumulative annual premium, and may be converted to common shares after the hold period at a 20% discount to market; and b) $50,000 in Common stock (which amounted to 500,000 shares of Common stock valued at $0.10 per share). The common stock is subject to a 1 year lock up, a metering and block trade restriction, and Rule 144. At no time may the seller own more than 4.9% of the Commons shares of the Company. Additionally, the Company issued Warrants to the seller for the purchase of 250,000 shares of Common stock. The Warrants have a strike price of $0.50 per share, expire on the fifth anniversary of the closing, and are to be paid for in cash.
Here’s another one.
http://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=183065
Effective November 15, 2013, the Company closed on a Purchase and Sale Agreement with Max Oil Exploration and Extraction, LLC for the purchase of a 49% Working Interest in a well located within the Company’s existing Wyoming oil leases. The purchase price for the well interest and equipment is $752,000. The Company paid for the acquisition through the issuance of a) $705,000 in Preferred A stock (which amounted to 70,500 shares of Preferred A stock valued at $10.00 per shares). The shares have a two year lock up, may be called by the Company during that time period at the stated price plus a 6% cumulative annual premium, and may be converted to common shares after the hold period at a 20% discount to market; and b) $47,000 in Common stock (which amounted to 470,000 shares of Common stock valued at $0.10 per share). The common stock is subject to a 1 year lock up, a metering and block trade restriction, and Rule 144. At no time may the seller own more than 4.9% of the Commons shares of the Company. Additionally, the Company issued Warrants to the seller for the purchase of 235,000 shares of Common stock. The Warrants have a strike price of $0.50 per share, expire on the fifth anniversary of the closing, and are to be paid for in cash.
The most recent filing.
http://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=183065
Effective September 30, 2013, the Company closed on a Purchase and Sale Agreement with West Salt Creek, Inc. for the purchase of 2,064 acres of Wyoming oil leases. Located in the Powder River Basin, the leases include active wells with current production along with the associated fixtures, pumps, vehicles, and tanks for the current field operation. The purchase price for the property leases, well interest, and equipment is $3,900,000. The Company paid for the acquisition through the issuance of a) $3,000,000 in Preferred A stock (which amounted to 300,000 shares of Preferred A stock valued at $10.00 per shares). The shares have a two year lock up, may be called by the Company during that time period at the stated price plus a 6% cumulative annual premium, and may be converted to common shares after the hold period at a 20% discount to market; and b) $900,000 in Common stock (which amounted to 9,000,000 shares of Common stock valued at $0.10 per share). The common stock is subject to a 1 year lock up, a metering and block trade restriction, and Rule 144. At no time may the seller own more than 4.9% of the Commons shares of the Company. Additionally, the Company issued Warrants to the seller for the purchase of 4,500,000 shares of Common stock. The Warrants have a strike price of $0.50 per share, expire on the fifth anniversary of the closing, and are to be paid for in cash.
They’ve diluted this stock since 2013, every purchase they’ve made has involved shares going out.
That statement isn’t accurate. Every purchase the company made has involved shares being given out.
Been 3 yrs of the same crap. Still waiting for my silver bar.
I just took a screen pic of your post. I’ll repost it for you in February. We’ll see how many things your dd verified company has actually accomplished by then. My guess is nothing will have changed.
Totally agree. Now are they doing things differently is the question?
It’s been 3 years since I stopped waiting for Wright’s lies to come true. I made a very small profit and moved on.
Nope. Just the smart thing to do here. Not safe to hold this for to long. Some people would like it if you bought at the daily high and hold forever. But I wouldn’t recommend that.
Good luck. I hope you bought at or below .01 and have a sell order in for at least .012 and make some money here.
The rent and oil is the carrot that keeps this donkey going.
If they continue to increase revs they shouldn’t have to dilute as much. I just wanted to point out it wasn’t all bad. Lots of room for improvement.
Let’s do the math together.
90,000
135,000
+236,748
That equals $461,748 going directly to wright.
NOTE 3 – Related Party Transactions
Administrative fees – During the nine months ended September 30, 2017, the Company accrued or paid administrative fees to a majority shareholder company closely held by our current CEO in the amount of $90,000.
Management fees – During the nine months ended September 30, 2017, the Company accrued or paid management fees to a company closely held by our current CEO in the amount of $135,000.
Rent expense – During the nine months ended September 30, 2017, the Company accrued or paid office rent and expenses to a majority shareholder company closely held by our current CEO in the amount of $9,000.
Notes payable – During the nine months ended September 30, 2017, a majority shareholder company closely held by the current CEO of the Company, loaned the Company an additional $0 in principle and $19,336 accrued interest. The balance of the loan, which is due on demand and carries an interest rate of 6%, is $236,748.
Doesn’t look so bad. Revenues this year versus 0 last year.
Revenues
Revenues for the three-month period ended September 30, 2017 were $1,284,000, as compared to $0 for the three-month period ended September 30, 2016. The increase is attributable to the consolidation of the SPVs by our wholly-owned subsidiary, Bluesphere Pavia and the development fee in the amount of $562,500 which was received during the third quarter of 2017 due to the commercial completion of our Rhode Island facility.
Cost of Revenues
Cost of revenues for the three-month period ended September 30, 2017 were $809,000, as compared to $0 for the three-month period ended September 30, 2016. The increase is attributable to the consolidation of the SPVs by our wholly-owned subsidiary, Bluesphere Pavia.
Gross Profit
Gross profit for the three-month period ended September 30, 2017 were $475,000, as compared to $0 for the three-month period ended September 30, 2016. The increase is attributable to the consolidation of the SPVs by our wholly-owned subsidiary, Bluesphere Pavia.
I hope you make some money.
I’ll bet $100 that there will be no uplisting. We might see an unaudited filing but that’s about it.
2 week’s from never
Just needs to touch $3 and I’m outta here
I wish I’d had a limit order placed for $3. Then I would only have lost 20% but would have gotten out with some money.
I’m starting to feel we are screwed also.
What’s behind the buying here?
From following drys I would say no limit.
Sounds like a big mess.
I tried to find info on that Michigan digester. Found a few stories about it tanking and the contractor not being paid. But it sounds like a new team has taken over and the locals now have a cheaper way to dispose of organics.
Gas is already creeping up. Bastards!
Only if your last name is wright.
Glad to have made it out here.
Whatever you want. It’s a free world. Almost.
I’m not their accountant. He started this stuff below not me.
NOTE 3 – Related Party Transactions
Administrative fees – During the three months ended June 30, 2017, the Company accrued or paid administrative fees to a majority shareholder company closely held by our current CEO in the amount of $30,000.
Management fees – During the three months ended June 30, 2017, the Company accrued or paid management fees to a company closely held by our current CEO in the amount of $45,000.
Rent expense – During the three months ended June 30, 2017, the Company accrued or paid office rent and expenses to a majority shareholder company closely held by our current CEO in the amount of $3,000.
Lol. What’s up salty?
Exactly the point there is no money coming in. Yet wright keeps racking up the fees and cashing in on loans made to the company. How can this be a good investment?
It’s all in the filings bud. The money owed and the working deficit are pretty close.
NOTE 3 – Related Party Transactions
Administrative fees – During the three months ended June 30, 2017, the Company accrued or paid administrative fees to a majority shareholder company closely held by our current CEO in the amount of $30,000.
Management fees – During the three months ended June 30, 2017, the Company accrued or paid management fees to a company closely held by our current CEO in the amount of $45,000.
Rent expense – During the three months ended June 30, 2017, the Company accrued or paid office rent and expenses to a majority shareholder company closely held by our current CEO in the amount of $3,000. Notes payable – During the three months ended June 30, 2017, a majority shareholder company closely held by the current CEO of the Company, loaned the Company an additional $10,000 in principle and $2,758 accrued interest. The balance of the loan, which is due on demand and carries an interest rate of 6%, is $235,062.