Strattner Financial Group (SCNG)

[xoom]

Interesting read from Oracle's google post : (JMHO)

"Their goals are to up-list to the OTCQx Tier of Pinksheets.

The dividends are doing two main things;
1.) The Dividends are allowing Dennis, Evolution, or Whoever to carry
those subsidiaries to the next tier as well as EVFN. The minimum
requirement is 400 investors. By giving each person of EVFN shares,
they accomplish this prerequisite.
2.) They need funding, obviously. What they don't wan't while diluting
to raise funds is shorters to short the stock. If the shorters did, it
would be reducing the amount of money Evolution can obtain to carry
out their plans. By issuing Dividends, the company has to have a count
of the investors holding shares which results in Shorters having to
cover their position so the shares can be accounted for.


When EVFN gets to OTCQx Tier, so will SWRS, BMGI, EVLN.


I don't disagree that this company seems messed up.
If you take the time to go through all of their history, you may or
may not think differently... the problem is there is a LOT of it..
It seems Dennis the CEO, has bad management skills but has expertise
in the field.
If you take a look at the other board members, they have credibility
and reason. Herbert Meyer to name one.


If you look back right before the restructuring efforts/failure took
place- the PPS was around .3 and Par was .001.
Evolution was then Earth Biofuels, owned and operated New Earth LNG
and a few other LNG assets that had revenue and a lot of ties.
They decided to jump on the Biofuel kick with Durant in 07 I think.
After raising the money to acquire Durant, they realized feedstock
prices were raising due to the increased demand which hampered
progress on Durant. Durant was then deemed Dormant as they realized in
order for their business to be successful, they have to find a more
economical way of production or get cheaper feedstock some how.


As notes became due and Durant remained dormant, they had to either
file Bankruptcy or undergo Restructuring.
The latter was chosen and the result was an agreement between
Castlerigg PNG Investments, LLC., a institutional shareholder of
Evolution, to own and operate the operating assets of Evolution debt
free while Evolution underwent Restructuring. In turn Castlerigg
dismissed their petition for Bankruptcy. (debtor in possession)
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6317400
If you read that SEC Filing, Castlerigg note was due Dec 23rd 2009.
Just recently, Evolution released a PR Confirming the note was taken
care of:
http://www.prnewswire.com/news-releases/evolution-fuels-announces-fur...


Now this is where PNG Ventures comes into play. The symbol is PNGXQ
for reference.
In Sept. (3rd Quarter) PNG filed voluntary bankruptcy.
4th Quarter (Dec 23rd), Castlerigg gets their Note thats due rolled
back into EVFN.
Now what remains is the Assets of PNG that Castlerigg moved over while
Evolution Restructured.


Let me highlight a few things from the SEC Filing from PNGXQ Jan 19
2010 linked below...
--------------------------------
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6992383
"On January 8, 2010, the Bankruptcy Court entered an order (i)
approving the adequacy of information in the Disclosure Statement
Relating to the Company’s First Amended Joint Plan of Reorganization
(the “Plan”) under Chapter 11 of the Bankruptcy Code (as amended, the
“Disclosure Statement”), and (ii) approving the Company’s procedures
for soliciting votes on the Plan and authorizing the Company to send
the Disclosure Statement, the Plan and ballots to creditors entitled
to vote on the Plan. The deadline for voting on the Plan is February
22, 2010 and the hearing on confirmation of the Plan is scheduled
for March 5, 2010."


"UPON THE EFFECTIVE DATE, ALL PERSONS AND ENTITIES SHALL BE
PERMANENTLY ENJOINED BY THE PLAN"


Condition: "Castlerigg has provided the required Plan Fund as set
forth in the Plan"


"As indicated by the Projections attached to the Disclosure Statement
as Exhibit “B”, the Debtors anticipate that the Reorganized Debtors
will have sufficient cash flow from post-Confirmation operations and
the Plan Fund to fund its ongoing operations and any remaining payment
obligations under the Plan."


"an aggregate of 1,500,000 shares of New PNG Common Stock, which are
to be distributed to the Holders of Allowed General Unsecured Claims
on the Effective Date, on a Pro Rata basis. It is expected that the
aggregate number of shares of New PNG Common Stock to be distributed
to the Holders of Allowed General Unsecured Claims shall approximate
7.5 % of the outstanding New PNG Common Stock on the Effective Date."
-----------------


That says right there "Company’s First Amended Joint Plan of
Reorganization".
Our 1-1 Dividend of EVFN is Feb 23rd, 1 day after the Vote deadline.
Connect the dots.....
That is where I am getting my PNG Ventures "Rambles" and I can't make
it any more clear than that.


SWRS Recently acquired Duke Mining.
SWRS's plans are to take advantage of the high Gold price while
drilling for Natural Gas.
Natural Gas is directly in line with the assets that Evolution will be
getting back from PNG Ventures.
The gold I think was just meant to take advantage of the opportunity.


The stations with loi's are owned by the board members, Blackwell and
Luckett.
Those stations currently offer E# fuels with pumps in line with their
plans.
Those stations are currently operational and I would bet have ties
with PNG as well.


EVLN is the housing for Washington's big facility.
I suspect a marriage at some point but the funding needed will require
OTCQx tier where Institutional Investors can start buying.
That is down the road so I won't get into too much of my opinion about
that.
The right research needs to be conducted and tested first, which is
why they engaged the University and the recent Dr.


BMGI will act as the marketing center.
If they have any kind of plans of breaking into the industry, they
will need a good way to reach people.
Specially if they have plans of franchising, they need their name well
known.
I'm not sure BMGI is "good" but it's better than a separate firm that
would require payment IMO.
Not to mention Mr. Freeman is over at BMGI, which carries a little
weight.


In my opinion, the PPS is going to be back to where it was when the
turd hit the water back in 08.
Which I think was around .3....
This time though they will have Durant Operational or near Operational
and business can continue on the upswing of a downed economy.
AOR provided me a document outlining the governments plans for biofuel
and it is very promising.. again reference Herbet Meyer for Gov. ties.


The dilution right now is most likely to pay for the Pre and Post
petition liabilities.
The more they dilute now, the higher the spike will be.
The less they dilute now, the lower the spike will be.


Their goal is minimum .25 for OTCQx so I assume they will be aiming
higher and I honestly can't see why they won't achieve it.
Maybe not overnight but its within reach IMO.


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