A look at the 13D filing of Phil Mulacek published by Empire on the 12th April 2021 reveals a totally confusing number of transactions. Among them that Phil assigned 825k warrants at 50 cents to "an unaffiliated party". Well, wasn't that Energy Evolution Fund run by Sterling Mulacek and Phil Mulacek and Alain and Marc Vinson, his nephews ? Is this called an unaffiliated party ? And the 13D shows Mulacek owning 13'694'185 shares then, or some 24% whereas his latest SEC filing on 9/28/21 shows 13'148'085 shares, according to Bloomberg.
Is Phil back to his old games of not reporting his trading, just as he did with InterOil ?
Or did the 825k warrants really go to an "unaffiliated party" that would then help in holding the stock up at the $ 3 level? Phil needs all the help he can get to manipulate the EMPR stock higher. Look at the roster of investors again. Mason Matschke used to manage all of Phil's offshore accounts when he was at Raymond James. Wonder what else he knows about all the offshore holders showing up now. After all, Mason was involved in promoting also Kina Petroleum, the stock which was listed on the Australian Stock Exchange. Phil was the largest shareholder followed by the mysterious French financier Gerard Jacquin and then also Alain Vinson owned 6%, and Phil's friend Lasco owned a large position too. Just as they do now in EMPR. Kina lost 90% before Phil decided to delist it and move the company to the BVI. So all his friends lost a lot of money and that's probably why he is offering them tons of warrants in EMPR. The one reason to move to the BVI is Secrecy. No prying eyes, no transparency, no need for financials, no regulators.
And Phil Mulacek is so proud of his achievements at InterOil that he continues to claim in the Empire news releases that that stock went to $ 100. Well, it actually did, for just one day, then 5 years later (yes that is five years) the company gets taken over by Exxon at $ 50. Shows that Phil is a good stock promoter but a lousy operator. Why else would the Founder and CEO of InterOil be forced out by the Board in March 2013 and the company gets taken over in 2017 ?
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