Mobilestream Oil Inc. (fka MSRM)

[aries4747]

Fog, I'm rereading all of your earlier posts to see if I can answer any of your questions. I'm doing this publicly instead of by PM because it seems there are other investors on both sides of the Atlantic in the same dilemma. I've followed MSRM and GBRC for well over a year, so any opinion I express is SOLELY just that, my opinion.

Then they go to work on the stock, warrants, issues or whatever these manoeuvres are called, place them with "brokers" who then high pressure sell them on the phone to people like my family in the UK, who frankly don't have a clue....

My sense is that the brokers Mobilestream used initially are no longer pushing stock. Sounds like all that activity was a couple of years ago. GBRC, though the Principals are all the same as MSRM, seems to have traded through normal channels, not by high pressure sales.


I am not convinced. If this stock is ever going to be openly traded, why start it off in the pink sheet sector [whatever that is]. I interpret pink sheet as marginal high risk investment that for some reason does not have to be registered with the SEC. Now we hear that on this latest conversion, paperwork has been filed with the SEC. Does this mean Mobilestream Oil stock purchasers have wasted their time and money, was it just bait to get investors on the hook?

GBRC, after the reverse merger with Carbon Recover (also controlled by the Principals of MSRM and GBRC), traded initially on the OTCBB for a few months. To this day, I'm not sure why they were kicked down to the Pinks. Though I looked, I never found GBRC on the OTCBB Daily List preceeding their fall to the Pinks. I haven't double checked this, but I think the previous owners of the Global Resource shell filed SEC financials late a couple of times. If GBRC filed late once, the would have been subject to the three strike rule and demoted to the Pinks for at least a year.

Does this mean Mobilestream Oil stock purchasers have wasted their time and money, was it just bait to get investors on the hook?

The answer to that awaits the conversion of the MSRM shares into GBRC, removal of the restricted status, and the price of GBRC stock when that happens.