I read the 7/9 PR again and it appears you may be right....that they were waiting to get Q2 fins ready before attorney signs off on everything (including also issuing additional disclosure statements for 2017/18/19)
This attorney is obviously doing things thoroughly and wants company to be as transparent as possible. Not only that, if Q2 comes out over next 2 weeks we would be the most up to date company out there....q3 wont be due until mid november! These guys arent clowning around..they are doing things slowly, but correctly imo....Im loving them lining up 3rd party project financing too! anyway, here is the PR again....
SUPPLEMENTAL INFORMATION
Shareholder Update
On July, 7, 2020, Maverick Energy Group, Ltd, a Nevada corporation (the “Company”), is pleased to update its shareholders with the progress the Company has made since the 4th quarter of 2019. To bring the Company into good standing and current with OTC Markets, management’s initial task was to locate and sign a new Transfer Agent (TA). Mountain Share Transfer, LLC was engaged to provide TA services going forward. Once this progress was reported to OTC Markets, the Company was moved from
the Grey Market to Pink No Information, which allowed the Company’s common stock to be traded more widely among investors.
Management continued to prepare the Company to become Pink Current by filing all missing financials from 2012 to the present. In early June, the Company posted fiscal year ends for 2017, 2018 and 2019. In addition, 1st quarter 2020 financials were posted on June 17, 2020. As a result of this progress, the Company was moved from Pink No Information up to Pink Limited. As of today, the Company is preparing 2nd quarter financials for 2020 and Disclosure Statements for 2017, 2018 and 2019. The Company’s securities attorney, Mark Pena, will be issuing an Attorney Letter with Respect to Current Information for all fiscal reports. Upon approval by OTC Markets, the Company will become Pink Current and further expand its investor reach.
With the shock to the oil industry in the spring due to the Covid-19 pandemic, several significant opportunities are being evaluated by management for important company growth. Maverick is in a unique position to take advantage of these opportunities. With practically zero debt and access to over $50 million in project financing, management sees 2020 as the beginning of building a profitable oil and gas company.
In a private transaction closed on July 3, 2020, James McCabe, CEO of Maverick Energy Group, Ltd, purchased 34,438,039 shares of common stock from three separate shareholders. This purchase increased Mr. McCabe’s holding to 82.1 million shares of common stock, representing 62.6% of the outstanding common shares.
The Company has duly caused this Supplemental Information to be signed on its behalf by the undersigned hereunto duly authorized.
Dated July 8, 2020.
/s/ James McCabe
Chief Executive Officer
Maverick Energy Group, Ltd.
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