InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,728.80
(
0.41%
)
US TECH 100
19,534.80
(
0.93%
)
Dow Jones
42,052.19
(
0.69%
)
Brent Oil
72.91
(
0.00%
)
Bitcoin
69,635.05
(
0.22%
)
Post# of 18214
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Kaad_g

Send PM Follow Ignore
Followers 10
Posts 448
Boards Moderated 0
Alias Born 12/30/2000

Kaad_g

Member Level

Re: grizzlybull post# 1826

Wednesday, 02/22/2012 10:40:49 AM

Wednesday, February 22, 2012 10:40:49 AM

Post# of 18214
grizzlybull,

This is just a shell right now, but all evidence points to a new oil and gas company. The new management, which currently consists of a newly appointed CEO with 30 years in the oil and gas field (who, BTW, owns lots of oil wells himself) has up-listed to the OTCBB. The former board members sold their restricted shares, about 40 mil, to 9 separate investors/corporations who now own about 4.4 mil each.

Now just waiting for some news about the newly formed company.

As I stated previously, those new share holders didn't buy those restricted shares to sell at current prices; nor did the management spend the time and money on the filings just to sell at today's price. I think this will move once we get a PR about the newly formed company.
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up