Petro America - Kansas Corporation

[nodummy]

All very interesting points.

That's a good point about how Owen never mentions how he got involved with ASWD or WTAI. Also a good point about how both entities could have been used to fund the true master minds of this enterprise.

We know that ASWD was engaged in a reverse merger with Ultimate Sports out of Las Vegas in March of 2008. Matt Rose was the CEO of Ultimate Sports at that time.

According to correspondence Rose sent out to shareholders/interested parties in June of 2008 David Michery, CEO and Kent Puckett, CFO of ASWD were not doing their part to help the merger along. They were either refusing or avoiding filing the required paperwork with the SEC so Matt Rose took over as the CEO of ASWD to speed up the process. After that there was no real correspondence from Matt Rose that I can find. The next thing that happened was that Rose issued a statement to the SEC terminating the merger and blaming the executives of ASWD for not doing their parts to complete the merger.

http://www.sec.gov/Archives/edgar/data/1122771/000115895708000223/exhibit991.htm

In this document Rose basically hands the role of CEO over to Chris Lotito. What is known for sure is that Chris Lotito was a long time shareholder of ASWD. Information I've read about the attempted merger makes it sound like Chris Lotito may have been involved in some way with finding Ultimate Sports and working out the merger agreement.

Chris Lotito is from California - same state as George Verhulst.

I really don't understand how Michery and Puckett could have just disappeared out of the picture and Lotito could have ended up taking over as CEO. They all owned a LOT of shares going into the attempted merger.

In any case. Chris Lotito signed all the paperwork as CEO of ASWD prior to Owen Hawkins taking over as CEO because of the merger agreement between ASWD, D&B Records, and Petro America Corp - Delaware on 11/21/08. David Michery signed as the CEO of D&B Records (a subsidiary company of ASWD at the time).

http://www.mediafire.com/file/91a1qkqhc658zrc/merger%2011-21-08.pdf

It was David Michery on 1/15/09 that signed the paperwork terminating this merger. Owen stayed on as the CEO of ASWD after the merger was terminated. Michery disappeared at this point too. His entity D&B Records died.

http://www.mediafire.com/file/tc5764c0nqykp5z/amendment%20merger%20void%201-15-09.pdf

It is true that Owen Hawkins bought $22,500 worth of ASWD shares with Petro - Kansas shareholder money. Whether or not it really was from Michery as Owen states, the affidavit never says.

Chris Lotito has completely disappeared from the picture since November of 2008.

Your point about Teresa not being in on the scam is well taken. She bought all of her shares after the symbol change according to the affidavit. It was an obvious pump and dump though because of the way Johnny was telling investors on the his calls that it would be a good idea to buy ASWD shares in April of 2009 and the way the press releases and website were used to promote the stock.

I think it's very possible that the idea of using ASWD for some kind of pump and dump scam came up before the selling of even the first Petro America Corp security on 9/22/08. It may even have been the biggest motivating factor that lead Owen to start selling Petro America Corp securities. Especially since the money raised from the sales of Petro America Corp securities were used to pay for Owen's ASWD shares and since the original PAC email solicitations seem to suggest some kind of plan to go public.

Whether Lotito or Michery or Puckett were involved at all in kicking off the whole plan or it was somebody else who was a complete outsider and ASWD was just the "lucky" shell chosen, I don't know.




Now WTAI that one blends in pretty well with one idea I've already started following - the George Verhulst connection.

I already mentioned George Verhulst's involvement in an nearly identical scam called IGT (Inter Global Technologies).

I've already stated how George Verhulst's non-profit organization in California is called GREEN LIVING OUTREACH - an obvious reference to green/environmental living.

http://www.taxexemptworld.com/organization.asp?tn=1562430

Entity Name: GREEN LIVING OUTREACH
Entity Number: C2919999
Date Filed: 06/05/2007
Status: ACTIVE
Jurisdiction: CALIFORNIA
Entity Address: 163 FUCHSIA PLACE
Entity City, State, Zip: VENTURA CA 93004
Agent for Service of Process: GEORGE T VERHULST
Agent Address: 163 FUCHSIA PLACE
Agent City, State, Zip: VENTURA CA 93004

And how well that company fits into the whole timing of everything. Being formed on 6/5/07 less than 2 months after Petro America Corp and perfectly timed for the $150,000 financing Owen said he received really early on.

And we already know that George Verhulst is the CEO of the Worldstar Corp.

http://i56.tinypic.com/29krtxy.jpg

Well along time ago I posted how WTAI made available on one of their last 8K filings from 1/19/10 that World Transport Authority, Inc. may, in the near future, provide a website in order to communicate with shareholders. If instituted, the website will be: www.wtaworldstar.com.

http://www.sec.gov/Archives/edgar/data/1028130/000107997410000028/worldtransport8k_1182010.htm

Research showed that despite some earlier use by WTA (pre-public company) for their economical automobile called the world star, www.wtaworldstar.com had been an inactive domain name for at least a year prior to Owen Hawkins re-registering the domain name on July 24, 2008.

Registrant:
Owen Hawkins
2300 main
kansas city, Missouri 64108
United States

Registered through: GoDaddy.com, Inc.
Domain Name: WTAWORLDSTAR.COM
Created on: 24-Jul-08
Expires on: 24-Jul-11
Last Updated on: 26-Jul-10


That was before Petro America Corp shares even started being sold.

I think it shows beyond any doubt that talk was going on about using WTAI to make money in some capacity at least as early on as the summer of 2008.

The Worldstar name was also used by PAC in February of 2009 when PAC using George Verhulst as the CEO formed the Worldstar Corp subsidiary. I think you see how George Verhulst could be connected again prior to the selling of the first Petro America Corp shares.

Karen Boone was another member of the Worldstar Corp subsidiary company but judging by her post earlier today she may not be willing to share anything she knows about how any of this is really connected.

Here is a list of WTAI directors that loaded up with stock a few months prior to the "acquisition" by PAC.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=45696710

Bill Kennedy was the former CEO of WTAI. Maybe this calls for more research on how Bill Kennedy may be further connected to PAC or it's management members.

He used to file WTAI documents using a California address and phone number:

140 West Park Avenue, Suite 219
El Cajon, California 92020
[phone]




Evidence that both those companies may have come into the Petro America Corp picture before the first Petro America Corp securities were ever sold definitely support your theory about how they could have been used to help pay off the true master mind(s) of this operation.

Do you think the investigators would be able to track share activity for both of these stocks to help lead them to the people who may have been involved?