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PENNIEStoSTACKS

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PENNIEStoSTACKS

Re: PENNIEStoSTACKS post# 33444

Tuesday, 07/05/2016 11:11:54 AM

Tuesday, July 05, 2016 11:11:54 AM

Post# of 67161
A report prepared by TEC Engineering, the Company’s leased oil field had as of December 31, 2005, net reserves of 12,622,960 barrels of oil with a future net revenue of $694,262,800, using an oil price for computing the preceding revenue figures for West Texas Intermediate posted price of $55.00 per barrel, adjusted for quality, transportation fees, and a regional price differential.
https://www.sec.gov/Archives/edgar/data/1437476/000114420409028958/v150523_8k.htm

On April 30, 2009, Brian D. Wilmot, Judith A. Wilmot and Connie Helwig were appointed to the Board of Directors of the Company in accordance with the written consent of majority of directors dated April 30, 2009. In addition, on May 1, Brian D. Wilmot was appointed Chief Executive Officer.

ABSOLUTELY AMAZING and the SEC lets them get away with this BS ?
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