Replies to post #11152 on Nexus Energy Services Inc (IBGR)

[dnizzle6]

Suppose PHAR didn't list the BMGI information...wouldn't new investors pull it up and it would look as though PHAR was trying to hide the BMGI issue?

[cheyenne1]

From what i understood and will get something with proper OTC lingo is that SEC filings would be different from this..

The history, whether it be FINANCIALS or History the first filings have a disclaimer, BOLD TYPE AS HE SAID, that if this is strictly a shell buyout, WITH NO DEBT PURCHASE, NO FACILITY, NO EQUIPMENT, NO PRODUCT VALUATION purchase THEN NO REASON TO STILL BE INCLUDING.
HE NOTED TO ME THAT IF IT WAS REQUIRED THEN IT SHOULD SHOW MGT NAMES UNDER FINANCIALS OF PREVIOUS YEARS AS WELL AS SHELL BUYOUT, NOT READ AS IF PHAR MGT WAS IN CHARGE THIS ENTIRE TIME..BUT HE WITHOUT DOING THIS, HE never hesitated and SAID IT WAS NOT A REQUIRMENT IF THEIR FINANCIALS HAS ZERO TIES TO PAST SHELL with a ticker for ticker purchase.
I agree as far as otc companies, most havent entered market this way and will include i think 3 yr comparisons.Some that do buyouts with real property and continue or modify product, exploration or whatever in new Continuation of same business just name change will include previous financials,at least most that ive looked at with the majority unaudited, which im sure thats the norm in pinks. Thats the risk

Take care and thanks for good info.