Petro USA Inc (PBAJ)

[oldbee]

QUICKIE DD

here is what we know so far about the new company:

EnergyOne (formerly Allstate Properties Holdings Inc)

Share Structure;
Oct 11th share structure:
A/S 5,000,000,000
O/S 2,734,059,609
Restricted 2,500,050,000
Float ~200,000,000

From Sept 23rd Form 4 Filings;

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7427263
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7427316
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7472636

and then we have the Form 3 filed on Sept 27th

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7474828

as well as this 8-K

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7474606

As you can see from the filings, Gates and Miller (Ceo and Coo), either willingly or through a takeover, lost their company to MB Consulting who acquired 87% of the stock in ATPT, Who then in turn,Sold it to EnergyOne.

This is a brand new company with an entirely new management team.

From the filings we can also see that Mr. Hamilton intends too pursue the mineral rights from the Aug press release.

"Pursuant to that agreement, and in furtherance of obligations of All State, it has agreed to pursue certain transactions involving gold, and other minerals, holdings of All State and also to pursue other obligations of All State".

Robert L. Hamilton: Director, President and Secretary of the Company.

Robert L. Hamilton is a co-founder of EnergyOne Technologies, Inc. EnergyOne I s a green energy company focused on helping to create a more efficient power grid. Hamilton studied architecture for two years primarily focusing on green design and technologies. Hamilton later went on to pursue a degree in Finance at the University of Kentucky. In 2008 Hamilton started financial consulting for oil, gas, and coal companies. In 2009 Hamilton co-founded EnergyOne Technologies.

ATPT believes it is well prepared to succeed in both its geographic and strategic focus areas based on the extensive oil and gas experience of its management team. This experience combined with creative abilities has resulted in a long list of active projects to pursue in achieving ATPT’s mission.

ATPT seeks opportunities in the energy sector. ATPT’s strategic focus is to engage in the acquisition, exploration and development of crude oil and natural gas reserves in North America through asset purchases or company transactions and to further develop those reserves to increase production and cash flow. Management believes that a balanced strategy of acquisitions coupled with increased production can rapidly grow ATPT’s reserve base and increase shareholder and company value. ATPT is based in Memphis, Tennessee. As of August 27, 2009, ATPT operates as a subsidiary of MB Consulting Services, LLC.



What we can specualte on:

Some people think this was a pump and dump, and at first glance it appears that is what happened. however, ask yourself this: Where was the pump? No press releases, and the gold/mineral deal was announced in august. The key is in the filings and we can see that Miller and Gates, having had their company taken from them, werent too happy about it.

The float on this Company was 19million prior to this mess. we can see from the form 4 filings, that Gates has and was able to keep roughly 75 million shares. We can also see that Miller has and was able to keep 50 million shares. WHEN THESE GUYS LOST THEIR COMPANY TO MB CONSULTING THEY PROCEEDED TO DUMP ALL 125 MILLION SHARES INTO THE MARKET AND RAPE THE SHARE PRICE MAKING MANY ANGRY INVESTORS. The float goes from ~19M to ~200 and people are left scratching their heads. Well that loss and play is our gain. The stock becomes way oversold and undervalued for an OTCQB stock, and bounces off a 52 week low, and that leaves us where we are today.

If anyone has anything they would like to add to this please send me a pm with what you would like added.