Surya Oil and Gas Corp (SURY)

[TheHungryHippo]

Here's an inconvenient fact for ya.

In the bankruptcy case where Patriot advisors was dissolved. Frank Kristan paid for the remaining assets of Patriot advisors. If the creditors in a US FEDERAL COURT bankruptcy case agreed to 1.00 per share settlement, and there was 20 million shares, one would have to believe that Ludvik holdings Inc is indeed worth apx. 20 million. This is why Ludvik Holdings has all those assets imo. Frank Kristan Managed more than 50 million in assets when he was with Patriot.

TEM 3. BANKRUPTCY OR RECEIVERSHIP.

(THE DEBTOR IS FRANK!)

On January 25, 2007 the United States Bankruptcy Court for the District of Maine, in Case No. 04-20328, entered an order confirming the agreement with the Debtor, whereby the Debtor will purchase the stock of Patriot Advisors, Inc and merge the company with Ludvik Capital, Inc, whereby the surviving corporation will be the registrant, Ludvik Capital, Inc.

On February 7, 2007 the order became effective and a copy is attached hereto as Exhibit 99.1. A copy of the Debtor’s Disclosure Statement, including a copy of the agreement, has been previously filed by the company.

Pursuant to the agreement shares of the Company’s Common Stock were issued to the certain creditors who had accepted the offer at $1.00 per share and shareholders who had participated in the plan with the agreement of the debtor under the plan in exchange for a claim against, an interest in, or a claim for an administrative expense in the case concerning, the debtor or such affiliate, or principally in such exchange and partly for cash or property.

As a result of the election of certain creditors and proponents of the plan and agreement, as of March 20, 2007, there are 20,000,000 shares of the Company’s common stock issued and outstanding. Ludvik Nominees Pty Ltd is a shareholder of record of 14,968,200 restricted securities and there are an additional 23 shareholders of record for 5,031,800 shares of common stock.


http://media.bap1.uscourts.gov/cgi-bin/bpgetopn.pl?OPINION=08-009P


IMO Frank is the majority holder of Ludvik, but there are other shareholders of this company when it was private, so probably most of them are still shareholders.

And if you would like a detailed explanation of how Ludvik Capital Inc became Ludvik Holdings INC.. well I got that too.