JP 3E Holdings Inc (JPTE)

[mahatmapaul]

Mark A. Thompson

my oh my oh my

Any of you do any DD on Thompson?? Or do you just let your puppet masters jerk you around?

Here's some.

https://casetext.com/case/hayward-v-lpr-energy-llc

If you're thinking of putting faith in Mark A. Thompson, you need to read the above.

Basically, Thompson/Mid-East Oil entered into an ORRI agreement with a man named Hayward, in which Hayward was to receive 3.125% of gross receipts from production of oil/gas on properties belonging to Hayward. Thompson/Mid-East OIl then illegally assigned the 3.125% interest to another party as collateral on a loan of $750,000 to Thompson/Mid-East Oil. The shit hit the fan when Thompson/Mid-East Oil defaulted on the $750,000

On October 3, 2008, Mid-East Oil assigned the ORRIs it had reserved for itself as collateral for a loan of $750,000 from another assignee, Andray Mining. *** When Mid-East defaulted on the loan, Andray retained the royalty interests. See id. at 8.

The court also decided that Mid-East Oil Company, which originally agreed to the ORRI but failed to disclose it to assignees, had breached its contract with The Hayward Interests. For this breach, the trial court entered a judgment against Mid-East Oil and in favor of the Hayward Interests, for thirty-five million, four hundred eighty-eight thousand, four hundred and nineteen dollars ($35,488,419.00),

Neither Mid-East Oil nor Thompson was present or represented at trial. See Trial Court Opinion, 3/22/17, at 13, 35; see also N.T. Trial, at 4. Neither Mid-East Oil nor Thompson submitted a brief on appeal.

At trial, David Prushnock, a partner in Andray Mining, testified that Thompson was in immediate need of a loan for tax issues. Correspondence in the record before us confirms that Thompson felt under great pressure to make a quick loan.

Mid-East OIl ceased to exist subsequently, although Thompson's Kerogen Resources LLC currently uses the same address (Corporate Location: 418 Gompers Avenue, Indiana, PA 15701) as Mid-East OIl prior to filing for bankruptcy. (It's a two-bedroom house.)

What stench is associated with $Spooz!! I noticed that, as with our JKP, Thompson did not show up at court or send an attorney. Gee, I wonder what that signifies, when someone being sued doesn't show up or send a representative?