Royal Energy Resources, Inc. (ROYE)

[OPT]

Negative

"The Company has not established sources of revenues sufficient to fund the development of business, projected operating expenses and commitments for the next year. The Company, which has been in the development stage since its initial incorporation, March 22, 1999, has accumulated a net loss of $3,290,949 ($28,995 in a prior development stage) through May 31, 2012, and incurred a loss of $114,682 for the nine months then ended."