Petro America Corp. (fka PTRZ)

[egal]

> This link is a copy of the forms submitted to Edgar for the SEC
> http://www.google.com/url?sa=t&source=web&ct=res&cd=1&ved=0CA8QFjAA&url=http%3A%2F%2Fesignal.brand.edgar-online.com%2FDisplayFilingRTFandXSL.aspx%3FType%3DRTF%26filingid%3D6578345&ei=a33YSqeXJYSY8AbPwN22BQ&usg=AFQjCNHrFoqE0ux7oAZQl0qgJedUqbnahQ&sig2=PITNDxopHFaeFUqiBiTxdA
>
> Vanessa expects to be finished uploading the database on Monday. At that point she will submit the data back to Owen for his final approval. When he gives his stamp of approval we will be live. (It is my OPINION he will give his approval upon completion of some additional acquisition he is working on - this will give Petro more value therefore the stock will be of more value... THIS IS MY OPINION - I could be wrong-I could be right).
>
> Our *"Book Entry Form Shares"* will be kept in *Island Stock Transfer's*/system/datasbase.
> If you want a hard copy you can order your *"Book Statements"* by either fax or email requesting a certificate from *Island Stock Transfer*. (If you want a hard copy their will be a charge for this - I have no idea how the charge is calculated BUT once you receive your electronic notice "Book statement" you will have no need for a hard copy unless you just want to hang it on your wall or put it in a scrap book or use it for a place mat). BOOK STATEMENTS = ELECTRONIC STOCKS
>
> If you plan to gift or sell any shares you will need to acquire a *"Stock Power"* with your *"Book Statement."*
> If you live in the U.S. you must get a *"Medallion Signature Guarantee"*
> Non-U.S. residents are only required to have a notary.
> Most banks offer this service.
> *******************************************************************************
> Definition of Medallion Signature Guarantee
> A signature guarantee is a promise. Often used in financial institutions and for banking and stock market needs, a signature guarantee is a stamp format of an authentication guarantee. A signature guarantee is different in every country. However, in the United States, a signature guarantee used for transferring securities is called a medallion signature guarantee. It proves to those involved in the transaction that the signature is genuine and that the financial institute accepts liability for any forgery.
>
> Signature guarantees are used to protect shareholders. They prevent unauthorized transfers and thus investor losses. Furthermore, they limit the liability put on the transfer agent responsible for accepting the certificates. Selected banks and financial institutes are responsible for handing out these stamped guarantees. However, most bank branches will charge a small fee and will not give out a guarantee signature unless they know the client and he/she is a customer of that institution.
>
> Medallion Signature Guarantee Program
> There are three different ways an investor needing to transfer or sell their securities can obtain a securities guarantee. In most instances, an agent will require a medallion security guarantee before accepting that the transaction is legal. The first way is through a Securities Transfer Agents Medallion Program (STAMP). Financial institutes across the United States and Canada participate in this program. In fact, over 7,000 financial institutes are currently part of the STAMP program. Another option is to visit a financial institution that is part of the Stock Exchange Medallion Program (SEMP). These institutes are regional stock exchange member firms and clearing and trust companies. Or you can visit an institute who is a part of the New York Stock Exchange Medallion Signature Program (MSP). These participants are limited to NYSE member firms.
>
> The Pros and Cons to the Stamp System of Signature Guarantee
> Many people are frustrated by the current STAMP system, and other programs put into place when transferring securities. For those who constantly want to transfer and sell their stock, it can be annoying constantly having to get a stamp of approval. Furthermore, a medallion stamp guarantee is only available in certain countries (Canada and America) and thus, when overseas, it can be hard, if not impossible to obtain a medallion stamp guarantee, especially if you are not a customer of a financial institution. First Global Program Inc has been established to help with this overseas situation; however, keep in mind that there will be a variety of fees involved with this process.
> However, without a medallion stamp guarantee, your securities are not valid. Most agents refuse to sell stock unless it has a medallion stamp guarantee as they will not be held liable for a forged security transfer. Medallion stamp guarantees are a safe way to play the market. Furthermore, the stamp of signature guarantee ensures that your securities are in the right hand and are going to the right place, as instructed by you.
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>
> Then you must send a *letter of instructions* with how you want your shares reassigned.
> For each person you are transferring shares to you will need their *full legal name, physical address and tax ID# or SS#*.
>
> Shares cannot be traded and/or used without tax ID# or SS# because of:
> Patriot Act http://en.wikipedia.org/wiki/USA_PATRIOT_Act
> and OFAC www.treas.gov/ofac (a gov agency that checks for any terrorist activity).
> (This is explained in different documents on the IST web site)
>
> IF you are a shareholder and live outside the United States ... each country has their own identification system - this will be required from those stock holders. . passport would be a good source for proof of identity. If you live outside the US you know better than I do as to what documentation is available for identity purposes.
>
>
> ALL employees of Island Stock Transfer are registered with the SEC and are fingerprinted. All information they receive is very secure. You can do your own due diligence by going to:
> www.SEC.gov http://www.sec.gov
> Select "company search"
> Then choose Island Capital Management dba Island Stock Transfer.
>
> I am giving you the contact information for IST.
> BUT - PLEASE DO NOT call just to ask questions - like... When will I get my stock? How much is my stock worth? Is PETRO real? Get on the call on Thursday nights to stay updated.
>
> If you plan to transfer your stocks to someone else this is a legitimate inquiry ... HOWEVER - please wait until the database is completed. Join the calls and you will know when everything is on track.
>