Replies to post #12411 on Turner Valley Oil and Gas Inc (TVOG)

[loanranger]

"Looks like the TVOG CEO other company just gave back $250K to an accredited investor."

That's not what this says:
https://www.sec.gov/Archives/edgar/data/1425289/000101489719000023/brightlane8k102.htm

The TVOG CEO other company (Brightlane) accredited investor (Brightlane Acquisition Corp.), whose CEO was Peter Hellwig when it acquired 87% of this Company in 2015, is still owed the $250,000.

https://www.sec.gov/Archives/edgar/data/1425289/000161781915000050/bnzasc13da91115.htm


Per the latest Brightlane 10-K:
"Peter Hellwig, a related party, has voting control of Brightlane Acquisition Corp."
https://www.sec.gov/ix?doc=/Archives/edgar/data/1425289/000101489718000028/btln-20171231.htm


"That accredited investor was willing to give his other company 3 million in 2 years but the TVOG CEO never used it."
Again, that's not quite what the Brightline 10-K filing (signed by Helm) says:
"The original holder, Brightlane Acquisition Corp, of the Series A Preferred Voting Stock and Series B Preferred Voting Stock have commitments to the Company to include a loan to the Company on a convertible promissory note dated December 9, 2015 in the amount of $250,000 and to facilitate on a best efforts basis the injection of additional monies to be utilized by the Company in an amount of not less than $3 million"


The Agreement's "to facilitate on a best efforts basis the injection of additional monies to be utilized by the Company in an amount of not less than $3 million" isn't the same thing as your "willing to give his other company 3 million".


"Wonder if that accredited investor has interest in TVOG?"
Maybe, but the "TVOG CEO other company" still owes the accredited investor company $250k.

[dealerschool2006]

I just did a search on GHS Investments...looks like TNRG is next...difference between TVOG and SHMP is that SHMP has ongoing rev producing operations and TVOG doesn't....