And just how will it do so with just seven thousand dollars in cash?
Read their SEC financial statements.
It will take at least a million dollars to create the engineering and environmental studies needed to apply for government permission to do anything, which in itself will take at least a year and ahalf once everything is in order.
The draw down credit facility they haven't touched, "might not be available," according to OCTX's filings with the SEC.
More importantly, read the ones for TAMO, the predecessor company to CEC North Star and Octagon, launched by the same team.
Here are some questions you should ask, as this same patch of land has now been recycled to four previous pumped and dumped companies from the same promoters.
Where are the environmental studies?
Where is the application for regulatory approval?
What work has actually been done on economic modeling?
All of this, to have any credibility, requires well-known thrid parties whose signed and certified assessments should be attached, and explained in plain English.
This same team has pulled off five elegant scams in a row.
Do look at the history of CEC North Star predecessor companies TAMO, KDKN and COUG: all use the same pump technique on high-risk, unproven land.
in fact, one of the "independent engineering studies" concluded there is no known commercially viable means of extracting the oil from one of its main patches of territory, I believe that was either Kodiak or Cougar.
Octagon 88 is run by the Tighe brothers and their associates, including the paid shill Ernst Schlotter, who readily admits in his disclosures that he does no due diligence or verification of any of the claims he so loudly trumpets as "independent" research.
Please save your money.
And please don't say you weren't warned, when within two years the big dump is on (the Tighes launch these schemes by issuing millions of shares to themselves, listing the company, and selling the shares through various misleading pumps designed to beguile and bamboozle people who don't read between the lines).
It sickens me to see good, honest people taken repeatedly for rides by this band of miscreants.
So keep waiting for these "great" releases, they will continue until they have wrung out every penny they can.
