Bakken Resources (fka BKKN)

[LouisDesyjr]

Start of dilution? Where are the 10Q/K reports?

8K report of May 6, 2016
http://ih.advfn.com/p.php?pid=nmona&article=71427812

This whole financing line does not make any sense to me. Allegedly the company has several million in cash, and no real projects going on, but for some reason the company needs more money? To do what? Plus the reports are months behind when the only main asset to report is supposed to be cash in the bank. Either the money is really there or it is not there, the SEC reports should only take less than a day to produce. It has been months now. There is something wrong here.

I hate to say this, but considering the loan is convertible into preferred shares that are then convertible into shares of common stock, at the rate of 100 share of common per preferred share, it looks like the setup for a 'pump and dump' routine. We can't even tell if the financing company will even remit the $1 million in cash to the company.

Louis J. Desy Jr.