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Re: oilspec post# 14548

Friday, 05/04/2007 1:36:30 PM

Friday, May 04, 2007 1:36:30 PM

Post# of 143139
A nevada state filing would always trump a press release/sec notification. The press release does not say Pawson resigned as a director. The state filing indicates Pawson is still the only director. If someone bought out Pawson's interest, surely they would not keep him on as a director. They/he/she would elect someone new. Pure speculation on my part, but this change in ceo could be simply this. Pawson cannot sign off on future sec filings because he knows all the facts surrounding all the shenanigans he pulled and would basically be certifying something he knows to be false. Whereas the new guy can sign off and claim ignorance if need be.