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mick, nothing prior to August 2015 is relevant because all of the employees left. This was basically an empty shell that Dennis Alexander took over. You may remember him from EFIR and MNVN and now BSSP. This company will likely become another non-performing piece of junk like his others.
Just sayin.... I'm sure you remember this guy.
They have applied for a Management Cease Trade Order (MCTO) which would only prevent management and directors from trading in Canada. This is different than the general cease trade order BOI had in the past for not filing required reports on a timely basis. I read the application a few days ago and came to the conclusion that BOI would not qualify for the MCTO since BOI also trades in Frankfurt and Canada could not prevent the applicants from trading there unless it were a general CTO. I see that at least one of these guys reported sales of their BOI shares the day before the application was made. LOL these guys are trying to pull a fast one.
I have come to the conclusion that people who buy into Dennis' companies just don't like money and they are trying to get rid of as much as they can.
I will give you an example of one of his more successful companies: Global Media Network USA, Inc is wholly owned by Dennis and each company he runs pays Global Media $10K per month in consulting fees. Isn't it wonderful that the a CEO who receives a salary also pays himself as a consultant?
No bid.
Dennis does this to everything he touches. I think this is the 6th ticker now.
EFIR is at 0.0001
This site has an error. Check the OTC market and it shows correctly at 0.0001
The pig is naked.
Perhaps we will get an update from the award winning journalist, David Ovalle, in the coming year.
In case you were wondering...
ELECTRONIC MINUTE ENTRY as to Joseph Anthony Lanza (1). At the request of counsel, the Sentencing is RESET for 1/27/2016 at 1:30 PM in Shreveport Court House before Judge Elizabeth E Foote. (crt,Keifer, K) (Entered: 12/16/2015)
Check your math.
$660,000 CAD = $494,400 USD
Divide by 1,976,025,753 shares MNVN OS
should be 0.00025 USD if you could sell them.
There is NO BID for MNVN so I guess you can say this POS is priceless?
The only thing MNVN owns is 44,565,000 shares of Boomerang stock.
NEWS RELEASE
---------------------------
Boomerang Oil, Inc. in Negotiations to Finance a Multiple Well Drilling Program
TORONTO, ONTARIO, November 20, 2015
----------------------------
http://www.cnsx.ca/cmsAssets/docs/Filings/2015/2015_11_20_13_41_29_BOI_Boomerang_Oil_in_Negotiations_to_Fund_Multiple_Well_Drilling_Program.pdf
Who needs that stinking participation agreement with Success Oil anyways. Boomerang intends to drill on the same tired 40 acres that previous operators had already tested to 8300' without success.
As far a MNVN goes... IBC Funds, LLC has the company by the balls according to the settlement agreement. Now if Dennis could get IBC to swap its MNVN shares for BOI shares and amend the settlement for a reduced amount in the deal, THEN MNVN may be marketable as a merger target. This company has way too much baggage for anyone to touch.
Looks like Dennis sold more of his BOI today. I expect he will disclose late Friday.
EFIR is worthless. I can't think of any scenario that could resurrect EFIR. There are cheaper and cleaner shells out there so it is a matter of economics for business people.
Never!
Corporation is revoked in Nevada and in Arizona. Mail to agent has been returned as undeliverable.
http://ecorp.azcc.gov/Details/Corp?corpId=F08968723
I doubt that you will ever see this ticker trade above where it is.
I would say he (Dennis) is in a pickle without the participation agreement with Success Oil. Let me explain... BOI ended its fiscal year on September 30th and if that agreement was not in place at that time, BOI would have to strip out most of its reserves and much of the value from its annual report. A complete revaluation to nearly nothing.
It's complicated but I assure you that Dennis has monetized every share. If you follow all the filings you can see how he does it. Once a company approaches no bid he simply shifts assets to a new company. EFIR>MNVN>BOI
The assets suck but folks get exited about a new ticker.
Dennis received 1 million shares of BOI for making the deal and he has sold every one of them. He has received well over 1 million shares since and you can see his shares on the market today. Pretty easy to spot since BOI is so thinly traded.
His compensation is about $30,000 per month. I would say that he is very good at doing what he does and from his perspective, he is very successful.
You were looking at the older mondialventures.com domain which was lost (probably for lack of payment). The newer domain is Domain Name: mondialoilventures.com
Registry Domain ID: 1791104209_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.srsplus.com
Registrar URL: http://srsplus.com
Updated Date: 2015-04-06T16:59:15Z
Creation Date: 2013-04-03T18:33:14Z
Registrar Registration Expiration Date: 2016-04-03T18:33:14Z
Registrar: TLDS LLC. d/b/a SRSPlus
Registrar IANA ID: 320
Registrar Abuse Contact Email: abuse@web.com
Registrar Abuse Contact Phone: +1.8773812449
Reseller:
Domain Status: clientTransferProhibited http://icann.org/epp#clientTransferProhibited
Registry Registrant ID:
Registrant Name: Namespro.ca PrivateWHOIS
Registrant Organization: Namespro.ca PrivateWHOIS
Registrant Street: Box 276 130-8191 Westminster Highway
Registrant City: Richmond
Registrant State/Province: BC
Registrant Postal Code: V6X1A7
Registrant Country: CA
Registrant Phone: +1.16046828059
Registrant Phone Ext.:
Registrant Fax:
Registrant Fax Ext.:
Registrant Email: fy2-mp8aze68@namesproprivacy.ca
Registry Admin ID:
Admin Name: Namespro.ca PrivateWHOIS
Admin Organization: Namespro.ca PrivateWHOIS
Admin Street: Box 276 130-8191 Westminster Highway
Admin City: Richmond
Admin State/Province: BC
Admin Postal Code: V6X1A7
Admin Country: CA
Admin Phone: +1.16046828059
Admin Phone Ext.:
Admin Fax:
Admin Fax Ext.:
Admin Email: fy2-mp8aze68@namesproprivacy.ca
Registry Tech ID:
Tech Name: Namespro.ca PrivateWHOIS
Tech Organization: Namespro.ca PrivateWHOIS
Tech Street: Box 276 130-8191 Westminster Highway
Tech City: Richmond
Tech State/Province: BC
Tech Postal Code: V6X1A7
Tech Country: CA
Tech Phone: +1.16046828059
Tech Phone Ext.:
Tech Fax:
Tech Fax Ext.:
Tech Email: fy2-mp8aze68@namesproprivacy.ca
Name Server: ns1.nhometraining.com
Name Server: ns2.nhometraining.com
DNSSEC: Unsigned
You wouldn't know it was a redirect unless you turned on the development tools in your browser. It sends a http code 302 and deposits visitors on a suspended site page with nothing on it. This is intentional by someone.
If anyone just has to see the site, there is always the wayback machine: https://web.archive.org/web/20140518094717/http://www.mondialoilventures.com/index.html
The domain is registered until Expiration Date: 2016-04-03T18:33:14Z
Other sites on the same server are reachable.
Could be that MNVN did not pay the bill at the hosting site since the site sends a redirect to http://www.mondialoilventures.com/cgi-sys/suspendedpage.cgi
It's OK to rip off you and I but whoever does better pay their taxes.
****UPDATE****
09/08/2015 33 MINUTES for proceedings held before Judge Elizabeth E Foote: CHANGE OF PLEA HEARING as to Joseph Anthony Lanza (1) held on 9/8/2015, PLEA ENTERED: Guilty Count 1. Presentence report ordered. All materials related to the amount of taxes evaded must be submitted by the Defendant to the Government and Probation by October 5, 2015. The Governments response is due by October 19, 2015. All other sentencing memoranda must be submitted to chambers no later than Tuesday, December 1, 2015. Sentencing set for 12/16/2015 01:30 PM before Judge Elizabeth E Foote. All previously ordered bond conditions remain in effect and Defendant is ordered to appear for sentencing. (Court Reporter: Barbara Simpson) (crt,Bray, K) (Entered: 09/09/2015)
09/08/2015 34 ORAL ORDER OF REFERRAL to Probation for Pre-Sentence Investigation and Report as to Joseph Anthony Lanza (1) Judge Elizabeth E Foote on 9/8/2015. (crt,Bray, K) (Entered: 09/09/2015)
09/08/2015 35 PLEA AGREEMENT Accepted as to Joseph Anthony Lanza (1) (Attachments: # 1 Affidavit of understanding, # 2 Factual basis for guilty plea)(crt,Bray, K) (Entered: 09/09/2015)
http://investorshub.advfn.com/uimage/uploads/2015/9/22/hggerdoc.jpg
While the case has nothing to do with MNVN directly, the case highlights the reputation of MNVN's auditors. Seems to be a company that sells audit opinions without doing any work. A very risky business in which M&K got off rather lightly.
The SEC is at odds with MNVN and it doesn't look like the two are willing to cooperate with each other. The SEC had repeatedly asked for documents and explanations and MNVN repeatedly said that they were new to the business, need more time, people are out of the office.... etc....
Last word from the SEC to MNVN was: "As you have not provided a substantive response, we are terminating our review and will take further steps as we deem appropriate."
MNVN's auditors were caught by SEC after investigation and penalty of MNVN misstatements.
"....Texas-based audit firm M&K CPAS PLLC and its partners Matt Manis, Jon Ridenour, and Ben Ortego, to audit the financial statements of the mining companies. The audits they conducted were allegedly so deficient that they effectively amounted to no audits at all and the auditors allegedly ignored red flags suggesting that Briner was engaging in fraud."
http://www.sec.gov/news/pressrelease/2015-196.html
Seafarer's Quest LLC is the permit holder, NOT Seafarer Exploration (SFRX). The partnership has SFRX as a 50/50 partner with Marine Archaeology Partners (MAP). Expenses of the partnership would have to be made whole before any distribution is made to the parent corporations which have a 60%/40% cost and recovery basis, with the 60% belonging to SFRX.
Per the operating agreement: "Artifacts are to be distributed on a gross 60% - 40% basis to the Parties (60% to Seafarer Exploration and 40% to MAP) for agreed upon distribution after joint experts determine value of each item and after they are released by the State of Florida for distribution."
So the way I read it is that SFRX would get 60% of 80% (which equates to 48% of value) after the LLC recoups cost.
Of course any artifact recovery would depend on, first, finding artifacts and then securing the necessary permits. Oh... and a lot of operating capital.
Ref: http://www.sec.gov/Archives/edgar/data/1106213/000119983515000091/exhibit_10-5.htm
??? I'm sure we will have an answer soon. ???
Thanks Bro. I wondered why EFIR jumped 9900.00% today. WOWSA!!! Profit taking today?
You would have nothing to gain even if you were successful. So he gets a fine and you get nothing but some legal exense. You can report certain things to FINRA and the SEC if you have something more than a hunch. If you had an email from Beloyan, for example.
MNVN changed transfer agents in January 2014 from Computershare to Olde Monmouth
MNVN did not pay their fees to Computershare and eventually Computershare sold it's receivable to IBC. Now IBC has MNVN by the balls as it has sued MNVN and arrived at a settlement which limits MNVN from doing much of anything without IBC approval.
https://www.lawinsider.com/contracts/3RgnwBwO9iYaMwV4i5saws/mondial-ventures-inc/settlement-agreement-and-stipulation/2014-03-31
**The Company’s current transfer agent is:
Olde Monmouth Stock Transfer Co., Inc.
Attention: Matthew J. Troster
200 Memorial Parkway
Atlantic Highlands, NJ 07716
Phone (732) 872-2727, Ext 101
Fax (732) 872-2728
matt@oldemonmouth.com
IBC commenced further action against MNVN on March 20, 2015 to recover $206,000 of past-due accounts payable of the Issuer, which IBC had purchased from vendors of the Issuer pursuant to terms of separate receivable purchase agreements between IBC and such vendors (the “Claims”). The Order provide for the full and final settlement of the Claims and the Action.
Mondial intends to sell up to 2,600,000
common shares of BOI (in addition to the 2,500,000 previously disclosed on August 10, 2015).
Ref: http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00033117
Aug 17 2015 18:21:21 ET Notice Form 45-102F1
Mondial is getting closer to a minority owner of BOI.
I think FINRA has power over some corporate actions, such as dividends, forward or reverse splits and name changes in context of the OTC market. I don't think they have any say in authorized shares as this is a State level matter. If a company wanted to do both, a RS and an increase of auth shares, they would probably do the RS first then increase the AS at the State level after getting a greenlight from FINRA on the RS. If FINRA detects fraud or something shady, they can and will prevent the implementation of those actions that it has power over. One thing that I learned is that a OTC corporation can do any legal corporate action that it wants in their State but that doesn't mean the action becomes effective in the OTC market unless FINRA approves. It is common to have a company increase auth shares in conjunction with a forward split but a reverse split is usually done to avoid increasing auth shares. I don't know why a company would do that. I doubt that FINRA has a rule specific to this.
I have been away for a week and plan to catch up on MNVN over the next few days. Nothing new appears on the surface but I'm sure there is something lurking down in the cracks.
I didn't mean to ruin your weekend. My favorite explanation they gave was:
Big SEC trouble for MNVN.
The SEC has released correspondence to the public here:
http://www.sec.gov/cgi-bin/browse-edgar?company=mondial+v&owner=exclude&action=getcompany
June 17, 2015
Via Facsimile
Dennis R. Alexander
Chief Executive Officer
Mondial Ventures, Inc.
6564 Smoke Tree Lane
Scottsdale, Arizona 85253
Re: Mondial Ventures, Inc.
Form 10-K for the Fiscal Year ended December 31, 2013
Filed April 15, 2014
File No. 000-51033
Dear Mr. Alexander:
Sincerely,
/s/ Karl Hiller
Karl Hiller
Branch Chief
I doubt that we will see an extension of the participation agreement this month. The subject property is fully encumbered and thus the agreement cannot be executed.
On another note... Why is MNVN transferring its assets to BOI executives? It has been going on for months. Why doesn't BOI issue its own holdings or new issue shares to BOI executives?
The shares are BOI shares. Creditors (MNVN & Antebi) receive 1 share of BOI for every nickel of debt they settle. The debt to MNVN is likely pass-through debt to others including employees and directors. It's all paper but dilutive and would certainly tend to push down the value of BOI.
The only thing that MNVN owns are shares of BOI.
So BOI owed MNVN $350,000 in cash but instead paid in shares with a current market value of $105,000. Yep that is some settlement but MNVN has been distributing the BOI shares to insiders. I have to assume that the IR guy, Joe, got some marketable securities and will soon resurface as a mouthpiece.
MNVN got 7,000,000 shares of BOI and Steven Antebi got 2,000,000 shares of BOI yesterday to settle $450,000 of debt. That equates to .05 per share.
Alexander, Purdy and Sylvanus each received 400,000 shares of BOI from MNVN earlier in the week when MNVN gave away 2,050,000 of its BOI shares. It seems that they are paying themselves $10,000 per month if you use their own valuation.
NEWS RELEASE
Boomerang Oil, Inc. Announces Results of Annual and Special Meeting of Shareholders and Shares for Debt Agreements
TORONTO, ONTARIO, August 7, 2015 – Boomerang Oil, Inc. (the “Company" or “Boomerang”) (CSE:BOI) (FSE:0B9) is pleased to announce the voting results from the Company’s Annual General and Special Meeting of Shareholders held on July 23, 2015 (the “Meeting”).
The three nominees as proposed by the Company were elected to the board, namely Dennis Alexander, Joanne Sylvanus, and Brendan Purdy.
The shareholders approved a resolution appointing M&K CPAS, PLLC, as auditors for the Company for the ensuing year, and re-approved the 10% rolling stock option plan of the Company in accordance with the policies of the Canadian Securities Exchange (the “Exchange”).
Shares for Debt Arrangement
Additionally, the Company announced today that it has entered into settlement agreements with trade creditors, including its majority shareholder Mondial Ventures Inc. (“Mondial”), for the full and final settlement of certain debts outstanding (collectively the "Settlement Agreements"). Pursuant to the Settlement Agreements, Boomerang would issue common shares of the Company at a deemed price of $0.05 per common share in full and final settlement of the amounts owing to such creditors (the "Shares for Debt Settlement"). The board has approved a maximum of $450,000 to be settled and a total of 9,000,000 common shares to be issued to the creditors. These shares carry no warrants.
All securities issuances contemplated herein shall be subject to any statutory or regulatory requirements with respect to hold period and compliance with all rules and policies of the Exchange.
The Shares for Debt Settlement entered into with Mondial is a related party transaction pursuant to Exchange Policy 6. Accordingly, this transaction is subject to Ontario Securities Commission Policy 61501 (the “OSC Policy”). The Company is relying upon exemptions from the valuation and minority approval requirements found in sections 5.5(2), 5.5(8), 5.7(3) and 5.7(6) of the OSC Policy, respectively.
The Company is entitled to rely on these exemptions given the transaction is for securities with a fair market value of less than $2,500,000, a fair market value not more than 25% of the Company’s market capitalization, and has been approved by an independent committee of the board of directors. The independent committee reviewed the recent trades in securities of the Company and the OSC Policy in making its determination to approve the transactions.
About Boomerang
The Company is an oil and gas producer engaged in the acquisition of oil and gas properties and assets principally within the United States of America. The Company is currently operating within Texas and has a compliant NI 51-101 Reserve Estimate. The Company’s business model is to acquire existing oil fields with proven reserves and to rehabilitate oilfields with potentially high throughput.
ON BEHALF OF THE BOARD
Dennis Alexander, President & CEO
For further information contact: Dennis Alexander at info@boomerangoil.com, or by telephone on (480) 948-6581
This news release also includes forward-looking statements that involve a number of risks and uncertainties. The information reflects numerous assumptions as to industry performance, general business and economic conditions, regulatory and legal requirements, taxes and other matters, many of which are beyond the control of the company. Similarly, this information assumes certain future business decisions that are subject to change. There can be no assurance that the results predicted here will be realized. Actual results may vary from those represented, and those variations may be material.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in
the United States. The securities have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act
and applicable state securities laws or an exemption from such registration is available.
THE CSE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE.
Thanks for the link on MNVN's Boomerang.
Do you know why Frankfurt market investors lost 82.35% of their investment in 3 months while Canadian investors only lost 81.25% of theirs during the same period? Is this caused by a weakening Euro against the CAD? I don't trade in these market so I was wondering how they are linked.
Can we get an update?