Moon Equity Holdings Corp (MONI)

[Maria56]

Who cares about the Bahamas or corruption there? The statement in the filing is just more talk about talk.

That could be WOGI's slogan. "We don't just drill oil. We TALK about TALKING about oil"

They were talking about the Bahamas trip back in July:

WOGI – INTERNATIONAL:

Our CEO Mr. Nathan Hall visited the Island of Freeport, Bahamas and met with the President of the Grand Bahama Port Authority, Limited, Mr. Ian Rolle and Senior Business Development and Marketing Manager at The Grand Bahama Port Authority, Limited, and Mr. Derek Newbold during the last week of May, 2015. WOGI’s CEO, Mr. Hall was there to discuss numerous business opportunities, one of which was WOPEC that potentially could be located in Freeport, Bahamas. They further discussed a brick and mortar school with the ability to have hands on training capabilities in a host of areas.

http://finance.yahoo.com/news/world-oil-group-inc-expanding-134500396.html

NOW, in the Q2, it turns out that "The main purpose of the meeting was to discuss WOGI building a micro refinery":

Mr. Hall our CEO in the end of May spent several days in the Bahamas and met with President of the Grand Bahama Port Authority, Limited, Mr. Ian Rolle and Senior Business Development and Marketing Manager at The Grand Bahama Port Authority, Limited, and Mr. Derek Newbold. During the meeting several business opportunities where discussed including World Oil Professional Education & Certifications "WOPEC" an online school which will act as adjunct to the seminars taught by Dr Samuel Armacanqui. The main purpose of the meeting was to discuss WOGI building a micro refinery with the capabilities to produce 5,000 barrels a day and scale production up to 25,000 barrels. The Bahamas has the 4th largest fuel storage capacity in the world and only about 65% is currently being used. Having a refinery located in the Bahamas will be a strategic location for the new Nicaraguan canal being built and for the Cruise ship industry and the Bahama Port Authority has agreed to purchase 30% of the fuel being refined. WOGI has the support of the Port Authority to move forward with the project and the Port will assist WOGI in any way it can to help bring jobs to the Island. WOGI has already located a 5,000 barrel refinery turnkey out of the box including installation, once the refinery is up and running the labor will shift to 75% Bahamians and 25% non Bahamians. To build the refinery WOGI is currently working a with a JV partner who will put up the funds to purchase the refinery and its initial start up costs.

http://finance.yahoo.com/news/world-oil-group-inc-expanding-134500396.html

Funny that they didn't mention the main purpose of that meeting in the PR in July...


Sheesh.