Replies to post #11878 on Petro America Corp. (fka PTRZ)

[scion]

A. Stock Securities

5. From on or about August 2009 to September 2009, LANGENBACH offered and sold unregistered stock issued by Petro America Corp. (“PAC”) within or from Arizona.

6. PAC was incorporated as a Kansas corporation on April 13, 2007. At all times relevant, PAC’s president, secretary and/or chief executive officer has been Israel Owen Hawkins (“Hawkins”). At all times relevant, PAC maintained business addresses in Kansas City, Kansas and Kansas City, Missouri. PAC stock is not registered to be offered or sold within or from Arizona.

7. In 2009, LANGENBACH purchased 10,000,000 shares of PAC stock from a large PAC shareholder and “representative” (the “PAC Insider”) for approximately $.O 1 per share. LANGENBACH acquired this PAC stock from the PAC Insider for the sole purpose of reselling it to raise money, in part, to fund his real estate business operations discussed further below.

8. At all times relevant, PAC’s website at www.petroamericacorp.com stated that PAC s the “PEOPLE’S COMPANY” with “WORLD SUCCESS UNRIVALED.” At all times relevant, the “welcome” page of the PAC website stated that PAC’s “goal is to be the premier global crude Iil marketer and energy arbitrageur” and that it “engages in shared production agreements for exploration, production, and marketing in the upstream and downstream energy sectors.”

9. From on or about August 2009 to October 2009, LANGENBACH sold ipproximately 2,399,150 shares of the PAC stock that he acquired from the PAC Insider for approximately $.20 per share for a total offering of $474,030 to 187 investors.

10. LANGENBACH caused PAC stock investor money to be deposited and/or wired nto Arizona bank accounts owned and controlled by LANGENBACH.

http://images.edocket.azcc.gov/docketpdf/0000119336.pdf

[Old Hillbilly]

No legal escrow account was used either, some lawer! lol

[jetty]

What I do understand is that they belonged to him, plain and simple and he sold them for what Owen said he could.

He told us straight up that he got shares for his mines, and that he was selling them at the price Owen told him he could which was .05 less than PTRZ was trading at the time. No one was selling for .001 last August, that ship had sailed. And he went to KC to get our certificates printed and made sure we had them too.

Haven't posted here because the place is run by a bunch of bullies and it don't matter what you say, there's always someone calling the other guy a crook or a liar or worse. Well, not gonna make that mistake again. I just thought folks outta get a chance to hear the other side from someone who actually knows the guy and knows how this all went down since you asked.

I'd tell the folks you call victims that he's working to get the funds together to get everyone a refund like he promised he would. I call that integrity.

If we're victims of anyone it's those morons running Petro.