Arkose Energy Corp. (RKOS)

[Voices of Reason]

I was not able to find this filing officially filed yet, but assuming there are no further changes to it when officially filed, it would appear the company is performing a 1:250 R/S merger to change the name of the company to Arkose Energy, along with a request for a new trading symbol.

With the filing, they are initiating a change of control by issuing Series E Preferred shares (preferred shares will increase from about 1.8 million to a proposed 20 million).

The good - a fresh start for the company appears to be in the making.

The not so good - the company appears to have much of the same management (sans soon to be sentenced/felon Bruce Scambler), and we have no financial info on what their debt will look like, what assets (if any) they have, etc.... Once we receive some 10Q/10K's, the picture will become more clear.

It is unclear how the assets shuffled around with the previous mudded mess with Bedford (BFDE) and First Titan (FTTN) will play out.