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The scholarship recipients were likely nominated by folks that knew about it. Seems logical that "some of the shareholders" would know the recipients given the statement:
The company appears to be refocused... “Seafarer has a strong desire to explore, record and conserve our cultural heritage, as well as, to create and expand philanthropic ventures for the further benefit of society."
If they happen to find treasure in the process, then GREAT! I think finding a 18th Century slave ship could be just as exciting.
So we can just buy a permit from another company? Did the Fisher's sell the claim or actual permits?
I'm sure that once he is paid, communication will resume. This has happened before.
Joe himself said it best just last week.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115608545
The most recent 8-K is cryptic. It literally reads that Success Oil has or will borrow $65K to regain or retain it's lease on the South 40 acres. Success has put up its interest as collateral. If Success Oil doesn't get the lease in order there can be no participation agreement with MNVN/BOI in said property. With that said, I don't think there can be a participation agreement to extend next week since the asset is pledged to someone else for the time being. The someone else could be an insider or related company however.
In short, any drilling plans have been suspended.
Yeah the Lanza's sold the Canadian company and the new folks were notified of a pending dissolution on December 30th 2014.
Dragon Exploration Resources Ltd. (Corporation Number: 761100-5) is in default of filing the 2013 and 2014 annual returns.
FINAL NOTICE
This is your final notice to file the corporation's outstanding annual returns. If you do not file within 120 days of this notice, we will dissolve the corporation.
The corporation must also keep this information up-to-date:
•Registered Office Address:
100 Queen St. E
Suite 203
Toronto ON
M5C 1S6
•Board of Directors:
1. Robert Aubel
2. Wes Edwards
But at that decimal the trade would be rounded to the nearest cent. i.e. you would pay a penny plus commission whether you bought one or a 5 billion shares at .00000000000000000000001
That is still way too high of a basis for this stock IMO. Just thinking the danger of being the majority holder of this one...
I think if drilling for oil was intent, he would have done it long ago. I once had calculated he raised enough cash to drill that well many times over. If he had a couple million in the bank, I guarantee that he would not drill. I think he likes the feel of cash in his pocket better.
Yeah. the BOI Shareholders meeting to be held on July 23, 2015
at the temporary offices of Boomerang Oil, Inc., 120 Adelaide Street West, 25th Floor, Toronto, Ontario at 10:30 a.m. (Toronto time)
No doubt they will distribute more of MNVN's holdings to a select few.
****NEWS****
Form 45-102F1
Notice of Intention to Distribute Securities under Section 2.8 of
NI 45-102 Resale of Securities
Reporting issuer
1. Name of reporting issuer: Boomerang Oil, Inc. (the “Issuer”)Selling security holder
2. Your name: Mondial Ventures Inc. (“Mondial”)
3. The offices or positions you hold in the reporting issuer: Insider
4. Are you selling securities as a lender, pledgee, mortgagee or other encumbrancer? No
5. Number and class of securities of the reporting issuer you beneficially own: Mondial currently holds 44,225,000 common shares in the capital stock of the Issuer.
Distribution
6. Number and class of securities you propose to sell: Mondial intends to sell up to 2,500,000 common shares.
7. Will you sell the securities privately or on an exchange or market? If on an exchange or market, provide the name. The shares will be sold or optioned either privately or may be sold on the Canadian Securities Exchange (CSE).
Warning
It is an offence to submit information that, in a material respect and in light of the circumstances in which it is submitted, is misleading or untrue.
Certificate
I certify that
(1) I have no knowledge of a material fact or material change with respect to the issuer of the securities that has not been generally disclosed; and
(2) the information given in this form is true and complete.
July 22, 2015
Date ......................................
MONDIAL VENTURES INC.
............................................…
Selling security holder
“Dennis Alexander”
.........................................
It looks pretty clear to me that Dennis wants to dispose of MNVN. I don't see where is has any usefulness left for him and Deborah. It's only purpose was to be a gateway to the foreign markets and that is complete. Dennis already has sold 475,000 of his personal shares of BOI with the most recent sale last week of 260,000 shares. He knows what he is doing and is doing quite well on a personal level. All of the company filings clearly say that he sucks as a CEO/President/Businessman yet folks buy the paper anyways. Occasionally one of the 10%ers will send us a new wave of promoters for a spike. Quick and dirty, I know that's where the hope lives. This is America so anyone can do what Dennis does. You just have to rid yourself conscious and morals and you are good to go. IMO.
The way I read it:
This is an amendment to prior disclosure by IBC. In the terms of the original settlement between IBC and Mondial, IBC was owed something like 3.4 billion shares of MNVN which was more than the 9.99% of outstanding shares allowed. So as time went by, OS increased which now allows IBC to receive some more of the owed shares. If OS goes up, IBC is to receive more shares up to the agreed upon $206,000 settlement. They will file a amended 13-G each time they receive more. IBC can also sell (LOL... they wish) but cannot own more than 9.99%.
A prior 8K from MNVN sort of explains:
http://www.sec.gov/Archives/edgar/data/1284452/000109690614000396/mondial.htm
The settlement is here:
https://www.lawinsider.com/contracts/3RgnwBwO9iYaMwV4i5saws/mondial-ventures-inc/settlement-agreement-and-stipulation/2014-03-31
Also, the SEC sanctioned MNVN for not disclosing the first settlement shares and in fact found that MNVN was deceptive. Maybe we will see a new 8K and get a new OS report from the company.
Two nearly identical Form 7 reports were filed today; May and June. In the case of BOI, The reports should be titled "Monthly Lack of Progress Report".
If he has a .20 limit order, it would be converted to a $40 limit order in the event of a 1 for 200 RS. In other words... he isn't selling.
So if I wanted Empath to build me a $million worth of cell towers, I would have a hard time getting ahold of them. LOL sounds about right....
You probably could just hold on to 'em and wait for the dividend checks to start coming in. Just as likely as .23 IMO.
Yes it seems any merger would be doomed given the many obstacles presented by MNVN. EZticketLive certainly can find better deal if their goal is to become public. If not, then there is something else rotten going on.
http://www.mergernetwork.com/public-shell-companies-for-sale/page-1
Joe is owed over $33K according to the document released yesterday. Maybe he has a "No pay, No say" policy.
That was an old news release from January 2011. LOL. Then on March 14, 2011, the Company sold its interest in Terra Telecom to Distressed Asset Acquisitions, Inc for near nothing.
You can smell the manipulation between the time of the release and sale. Stinks.
http://www.businesswire.com/news/home/20110112005647/en/EGPI-Firecreek-Subsidiary-Terra-Telecom-Awarded-Bid#.VYA6ufl3nRY
They wouldn't buy if they read the 8K.
1:200 RS
After split Alexander gets 20,000,000 shares of the new shares.
Alexander, Purdy, Sylvanus get 100% of the remaining Boomerang shares.
It is not clear if shareholders will get anything uless you are a preferred shareholder or in the group "certain majority shareholders".
So why would I buy if I were guaranteed to destroy some cash?
I see nothing since the June 8 filing for period ending Sept 30, 2014. Still several filings behind.
Management of Boomerang awarded themselves 1,300,000 shares of MNVN's holdings of BOI on June 05 and it looks like they are moving quickly to sell on the public market. I assume these shares were for services rendered.... but to who's benefit? One of the services is to file the monthly Form 7 which was due a week ago. Dennis, I know you read this so c'mon, man. You are about to get BOI suspended once again in both Canada and Germany.
If that is your intent, then you can ignore this message. Otherwise you need to step aside and hire someone capable of performing the fiduciary duties of the corporation. It look pretty sick when Mr. Purdy is busy selling his shares while he should be busy submitting the required Form 7 with the regulators.
It costs a lot of money to raise $1.6 million to drill a well. Tens of millions, at least.
MNVN is not current with it's filings and remains with the yield sign indicating "Limited Information".
The company lacks a 2014 10K and a fist quarter 2015 10Q which are both past due. The company did not even to bother filing a NT 10Q for this past quarter which was required by May 18.
So why not dream that money falls out of the sky? Why complicate things by involving a middle man and company that has an uncanny ability to make money disappear?
Where did you get 10 million BOe from? The company reported 243 thousand BOE total possible reserves. How much does that make the share price when you use real numbers?
MNVN disposed of another 1,300,000 shares of BOI today leaving their holdings at 44,425,000 shares. Looks like it is better to get .025 CAD before BOI sinks to .0001 like the rest of 'em.
Good move!
Alexander, Purdy and Sylvanus received 300,000 shares each for their excellent work. Apparently MNVN provides the compensation for BOI employees. The other recipients have yet to be disclosed.
******MONSTER NEWS******
Per 8K Today!!!!!!
Fourteenth Amendment To Modification, Amendment and Further Extension of the “Agreement To Extend Option”
I'm sure this surprised a lot of folks.
You got the wrong board. Empath has nothing to do with MNVN.
Look at the trend. Boomerang filed documents today indicating: Mondial intends to sell up to 2,400,000 common shares
See Several documents were filed today at http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00033117
This is on top of the million already sold this month. This puts downward pressure on pps. Dennis is also selling his personal shares of BOI.
Kind of give a clue of what insiders expect in the near future. You think they would be selling now if they thought price were going to increase in the near future?
Hope is free. You can have all you want and it won't cost you a dime.
45,930,000 shares as of May 20, 2015.
MNVN is classified as an insider of BOI so all of its BOI stock transactions must be reported.
I guess it is free money anyways for those that can just increase the number of shares and sell more. This seems to always happen with Dennis Alexander companies. Sell all the way to no bid and then try to revive or move to another ticker. Boomerang is the 4th or 5th ticker in the chain of custody of the same property.
Both MNVN and Dennis sold more of their Boomerang stock yesterday. They must know something.
What you are looking at was the result of a 1 for 1500 reverse split. Be careful of what you pray for because it certainly can happen again. Those holding shares in January 2014 had an incredible feeling that they won't soon forget.
Good luck!
As of December 2, 2014, the registrant had 1,976,025,753 shares of its $0.001 par value common stock issued and outstanding.
MNVN continues to distribute its BOI shares to company insiders. Another 780,000 shares were transferred to others on May 1 and reported today.
https://www.sedi.ca/sedi/SVTItdSelectIssuer?locale=en_CA
New Form 7 was posted but contains nothing indicating progress.
http://www.cnsx.ca/cmsAssets/docs/Filings/2015/2015_05_05_17_05_27_BOI_CSE_Form_7_-_Monthly_Progress_Report.pdf