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Carsmax177

11/14/16 9:17 PM

#43269 RE: tonyo524 #43267

IMO, he is operating the oil marketing company out of the subsidiary Xun Oil in Florida which is active and compliant in filings. If you look at past filings, they say through the subsidiary they were entering into JV agreements:

Note 22: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10255203

Subsidiaries are separate entities from the parent, just owned by the parent.

IMO