Empire Petroleum Corporation (EMPR)

[KingOfSpades]

Phil Mulacek's labyrinthine offshore shenanigans

What does Phil Mulacek who now has taken full control of Empire Petroleum need to hide abroad? Why has he been using offshore companies since the 1990's? Companies in Bahamas, Cayman Islands, Barbados, Turks and Caicos, Seychelles, Cyprus, British Virgin Islands. All of them jurisdictions where one cannot find out who the Directors are, who the shareholders are, and where there is no transparency about financial transactions and no Regulator looking over your shoulder. Mulacek and cousin Gerard Jacquin took control of Kina Petroleum which was listed on the Australian Stock Exchange. After the stock price collapsed by 90% Phil delisted the stock and moved the company to the British Virgin Islands, since then escaping any scrutiny of his actions by any Regulator. Is he going to do the same with Empire ? Will it end up in the Cayman Islands too?