Replies to post #2793 on Claren Energy Corp (CNENF)

[tchauncy]

Very impressive Proxy Letter to shareholders. Almost makes me want to vote my shares for existing management. Even knowing that existing management would likely have to be running the Company from the jail house once all the facts come out.

They even have the gones to accuse HENC of doing exactly the same thing to Strongbow (which has absolutely nothing to do with the proxy at hand and is obviously put in as a desperate obfuscation) that they allowed Carlo to do to TGC.

The relationship between the dissidents and Holloman should be a concern to the shareholders of Terra Nova.
Holloman Value Holdings, LLC holds 23.04% of the issued shares of Strongbow, being its largest shareholder (as
set forth in Strongbow’s Annual Report on Form 10-K filed with the SEC on June 2, 2015). In their news release
dated June 11, 2015, the dissidents failed to disclose this material relationship and, on review of the SEC’s
EDGAR site, it is apparent that Holloman Value Holdings, LLC may have failed to file any insider reports under
section 16 of the Securities Exchange Act of 1934, as amended, or Schedule 13D’s with the Securities Exchange
Commission disclosing that it is in fact an insider of Strongbow

Look at TGC's Year End filing:

During the six months ended January 31, 2015, the Company completed the following financing:
i) On January 30, 2015, the Company completed a private placement offering of 2,532,500 units at a
price of $0.20 per unit for gross proceeds of $506,500. Each unit is comprised of one common share
and one-half of one common share purchase warrant with each whole warrant entitling the holder
thereof to purchase one additional common share at $0.25 per share up to January 30, 2016. In
connection with the private placement, the Company incurred $4,252 of legal and filing fees.
The Company extended the term of $1,500,000 of convertible notes from June 28, 2014 to December 28,
2014 with all other terms remaining unchanged. On December 24, 2014, the remaining $1,500,000 of
convertible notes were converted into 13,636,364 common shares of the Company.

(From Cedar Mar. 30, 2015 TGC MD&A)
http://www.sedar.com/FindCompanyDocuments.do

At least Strongbow posted in its filings that Holloman Corp was their 23% investor by their name.

In the TGC case, note that it doesn't say who converted the $1.5 million note into the 13.6 million shares (which would have been around 20% at that time). And yes, there has never been a Canadian Securities filing accounting for these either. Anybody want to bet it was Carlo Civelli who secretly owns those shares? I checked SIDI guidelines and Canada, like the US has a requirement that once an owner goes over 10%, they must immediately file an insider report. This was never done by TGC. In the US, this would be a very serious SEC violation.

I could go on here about the half dozen other ways existing Mgt has screwed over their shareholders, but I would rather wait to see what Caotano's response will be first.

Here is the proxy letter link

http://www.terranovaenergyltd.com/i/pdf/agm/2015-07-15_TGC_LTS.pdf

[yaya88888888888]

Nice that should cost about 100 to 150 thousand to the company!