Breitling Energy Corp fka BECC

[FM II]

Yes, but Faulkner "protected the integrity of the share structure."

During a three-month window from December 2014 through February 2015, Faulkner engaged
in heavy daily trading in BECC’s stock through at least two nominee accounts in the names of
Steedley and Range Quest Resources (a private entity Faulkner owned and controlled). To fund
this trading, Faulkner routed hundreds of thousands of dollars from BECC to these two nominee
accounts. These transfers were sourced by investor funds provided to Crude. He “marked the
close” on BECC’s stock by initiating hundreds of small lot orders at or near the close of normal
trading hours, oftentimes establishing the day’s highest trading price at the end of the day.
Faulkner’s trading was done in an attempt to manipulate BECC’s stock price and trading
volume, and helped create the false impression that investors unaffiliated with the company were
trading in the stock