Thursday, October 24, 2019 10:24:02 AM
Sam Smith previously tried to reverse merge his O&G assets into several other shells:
His 1st attempt was through the merger of Striper Wells LLC into Insight Management Corporation (CPCC) in July 2015
https://backend.otcmarkets.com/otcapi/company/financial-report/150939/content
CPCC was then suspended by the SEC in May 2016 due to a lack of current and accurate information about the company
https://www.otcmarkets.com/stock/CPCC/news/SEC-Suspension-of-Trading?id=131154
CPCC was later found to have been suspended due to fraudulent practices from a securities lawyer, Mustafa David Sayid, who orchestrated taking control of this shell and rigging it and its securities for use in market manipulation schemes for his personal profit
https://www.sec.gov/litigation/litreleases/2017/lr23805.htm
Sam Smith was unaware of these fraudulent activities, as explained in this petition from his securities lawyer John Lux
https://www.sec.gov/litigation/apdocuments/3-17250-event-5.pdf
His 2nd attempt to reverse merge was through Pilgrim Petroleum Corp (PGPM). Sam took over PGPM as Chairman and CEO on June 29 2017
https://www.otcmarkets.com/stock/PGPM/news/Pilgrim-Petroleum-Corporation-announce-a-board-of-directors-restructuring-and-appointing-a-new-CEO-and-Chairman-and-upda?id=163555
PGPM was then suspended by the SEC on June 30 2017 due to a lack of current and accurate information about the company
https://www.otcmarkets.com/stock/PGPM/news/SEC-Suspension-of-Trading?id=163636
Sam Smith took over PGPM the day before it was suspended, and it appears the reason for suspension was possibly due to information disclosure malpractices by previous management prior to him taking over the shell.
Third time lucky with a clean shell UNRG?
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