Fox Petroleum (fka FXPT)

[packerfanbud]

You can probably get your money back by following Renfro to his next company. He has an opt out clause in his sale of "assets". My guess is he will cut ties with FXPT and try to sell his "assets" to another company looking for a quick P&D. Set up your google alerts for James Renfro and put your money in early before the pump starts.

On January 5, 2012, the Company entered into an Amendment to the Purchase and Sale Agreement for the acquisition of Renfro Energy LLC and Cameron Parish Pipelines LLC. Pursuant to the Amendment, the parties agreed that the consideration to be issued for the acquisition would be 30,000,000 shares of the Company’s restricted common stock. Additionally, the seller has the option to re-purchase 100% of the membership interests of Renfro Energy LLC and Cameron Parish Pipelines LLC for the 30,000,000 shares of the Company’s common stock on or before April 5, 2012.

http://sec.gov/Archives/edgar/data/1326252/000138713112000058/fox-10q_113011.htm