Just more of the same "guys" doing their "thing."
Barclay Lyon is (was?) the largest secured creditor of PSRU. Barclay's managing director is Mr. Todd A. Violette. Mr. Violette is also the CEO of Lighthouse Petroleum (LHPT,) and now Paradigm (PDGO.)
Cedric Atkinson is the "CEO" of PSRU and now Yaterra Venture Resorces (YTRV.) He went to school in Canada (York) with a Mr. Brian Kennedy, the outgoing CFO of Paradigm (PDGO.) Shortly after taking over PSRU, Cedric formed a "JV" with PDGO in Texas. Only one problem, PSRU and PDGO did not answer phone calls, e-mails, etc. Note: PDGO had formed a field “operating” company, Integrated O&G Solutions, Inc. . . . to date, "Integrated" has never produced and/or reported more than 5 BBLS of oil to the Texas Railroad Commission (TRC.)
Recently, May 2012, CA sold 100% of "PSRU O&G" (whatever that invented shell was) and 70% of "PSRU" debt to Yaterra (himself.) PSRU is now just an empty shell.
Now, Kennedy leaves PDGO . . . and Voilette magically becomes the CEO of PDGO (and Lighthouse and Barclay Lyons.)
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