Replies to post #25459 on CoreStream Energy, Inc. (fka ZLUS)

[chopp]

maybe he's using that 4.2 mil to drill.lol

[duelittle2]

Milton C. Ault has over twenty two years experience in various aspects of the Oil and Gas industry including capital formation, finance and trading.

Early in his trading career he made investments in numerous oil and gas companies, such as Mesa Petroleum. While at Dean Witter, he raised money for several limited partnerships active in the sector and was instrumental in the generation of syndication capital for emerging exploration, drilling, pipeline and refinement companies including Ferrellgas Partner, L.P.

In 1996, while at Prudential Securities, he actively traded oil and gas futures, securities and invested in energy related companies. In 1998, while at Strome Susskind Securities he was involved in oil and gas investments.

For the next ten years, as the founder and manager of two domestic hedge funds, Mr. Ault directly invested fund capital in several oil and gas ventures, including Plains All American, Plains All American Pipeline, LP, and Sheridan Energy.

His experience and existing relationships in oil and gas financing, trading and investing are directly applicable to the identification, analysis, investment and operational objectives of Corestream Energy, Inc. and its plans for future growth.


http://ih.advfn.com/p.php?pid=nmona&article=46537499

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60116833

[duelittle2]

But Ault denied any wrongdoing to The Post, saying the stock-trading venture was separate from his adult-entertainment investments and that the plaintiffs' money was lost in the stock-market collapse

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That is the part left out!!

Whole statements , stories should be posted to keep context!

[poor broke bloke]

patchman,

I thought Zealous was run by Milton Ault?

...A group of hedge funds says that instead of investing in a software program involving stock trading, a fraudster took their $4.2 million to fulfill his sex-drenched dream -- of buying a "swingers' ranch."
The 12 international funds say they are "victims of [a] scam perpetrated by Todd Ault, the president and chief executive officer of Zealous Inc." -- also the former head of a porn-investment business, according to papers filed in Manhattan Supreme Court...

[iblong2]

You are wrong about this. Todd Ault has already settled with most if not all of his creditors. In fact, one or more of the Hedge funds is or will be financing some of the O&G projects. The news you quote is more than a year old.