Replies to post #1012 on Victory Oilfield Tech, Inc. (VYEY)

[SweetBlackCrude]

How do we Reverse the Illegal activities of our CEO who answers to NO ONE???

From our latest Q: First off, He says his employment contract allows him to convert owed "expenses and loans and salaries" at $.01 per share of stock.....(1) Who gave him this employment contract if he is the ONLY employee of the company??? When our stock was averaging over $.20 a share, ANYONE would take stock in lieu of cash if they got a 95% Discount to the market!!!!


NOTE 3 – RELATED PARTY TRANSACTIONS


Five ledger accounts in the books of the Company relating to loans, salaries and out-of-pocket expenses payable to the President/C.E.O., Jon Fullenkamp, were combined into one account “Loan from Officer”, which totaled $879,306 at September 30, 2008. The loan is non-interest bearing and payable on demand. Under the terms of the employment agreement, the employee may at his election convert any and all funds due to him into shares of the Company’s common stock at a conversion price of $0.01 per share. In practice, funds due to him have been converted at a discounted market value.

HERE IS THE SECOND BIG PROBLEM....THE CROOK, "FULLENKAMP" DID NOT TAKE HIS STOCK AT $.01 PER SHARE AND A 95% DISCOUNT TO THE MARKET, BUT AT $.001 PER SHARE AND A 99.5% DISCOUNT TO THE MARKET!!!!!

NOTE 3 – RELATED PARTY TRANSACTIONS

On May 5, 2008 2,000,000 preferred shares were issued to Jonathan Fullenkamp, President and Chief Executive Officer, for consideration of $200,000 applied to Officer’s Loan.

THIS EQUATES TO 200,000,000 COMMON SHARES AT $.001....HE DEDUCTED $200,000 FROM HIS "LOANS" TO THE COMPANY.....RIGHT!

ONE MONTH EARLIER, FULLENKAMP SETTLED THE $400,000 THE COMPANY OWED ME FOR 3 YEARS FOR CASH LOANS AND OUT OF POCKET EXPENSES AND SERVICES, AT $.20 A SHARE IN RESTRICTED STOCK.

MY $400K IN REAL DEBT IS SETTLED FOR 1/100TH WHAT HE PAID HIMSELF FOR $200K IN BOGUS LOANS AND EXPENSES. AND SINCE I HAVE VOICED MY OPINION ON THE MESSAGES BOARDS THAT HE IS INDEED A CROOK, I HAVE HEARD HE IS TRYING TO SUE ME NOW.

I HAVE 10 PAGES IN DOCUMENTED ILLEGAL ACTIVITIES ON OUR CEO WHO ANSWERS TO NO ONE....YOU VOICE YOUR OPINION THAT THE SHAREHOLDERS ARE GETTING RIPPED OFF, AND HE AND HIS CO-CONSPIRATOR, PERRY MANSELL, VOTE YOU OFF THE BOARD, see Rick May.

THIS CROOK FULLENKAMP NEEDS TO FACE THE SHAREHOLDERS IN A MEETING....HE HAS RIPPED ME OFF FOR $400,000 AS MY SETTLED STOCK IS WORTH LESS THAN 10% AND HE WILL NOT FREE IT UP....AND THE SEC HAS ALL THIS INFO IN THE THICK FILE THEY HAVE ON FULLENKAMP.....

TICK TICK TICK....

BARK BARK BARK.....

THE HANDS OF JUSTICE MIGHT BE SLOW, BUT THEY ARE MOVING AND THEY ARE COMING FOR YOU JON FULLENKAMP....

LAUGH AT THE SEC, AND THEY DON'T LIKE IT....YOU CAN RUN....BUT THEY WILL FIND YOU....

WHERE IS VICTORY ENERGY'S OFFICES??? I think they are in the area of the convicted stock manipulator Fullenkamp has been known to be associating with.....I am looking in the Rancho Sante Fe/Del Mar area.......there is a strong foul odor there, and it is not the horse manure.....