Replies to post #16405 on DD Support Board and Research Team

[PLAYER ONE]

I think it is the new mentality regarding pinks and trading. Fully reporting BB stocks come out with actual financials and are forced by accts and lawyers not to shade anything. When a company goes dark as you indicated in this day and age it means a potential pump and BS prs only will give them a bump up. The more companies see what has been happening on pinks, the more they may copy it.Sickening isn't it.

[nodummy]

RYPE - this is VERY interesting

It appears that Norris Harris whose name appears on the Form 15 filed today for RYPE ran into some pretty serious legal issues back in May of 2008 which would explain why RYPE stopped doing any filings.

Norris Harris was also formerly the president of King Resources Inc (KING) until May 7, 2008.

On May 7, 2008 he was booted out of office because of a past due court ruling against Norris Harris.


The court ruling required Norris Harris to return the 50,000,000 shares of RYPE stock he had received for the purchase of May Petroleum, Inc by that company.

All the information can be found in this 8K with an attached court judgment:

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=5986194


Radler Enterprises, Inc. successfully obtained a judgment against the Company in the amount of $290,000.00 in the District Court of Travis County, Texas on July 23, 2002. That judgment had accrued interest in the amount of $162,082.20 as of February 29, 2008. On April, 28, 2008 the Court entered an Order Granting Plaintiff’s application for Turnover Relief (Exhibit 1) compelling King Resources to turnover assets sufficient to satisfy the judgment.

As a result, on May 12, 2008 King Resources, Inc. (the “Company”) entered into an agreement whereby Norris Harris agreed to assume substantially all of the then outstanding known liabilities of the Company.

In order to prevent the attachment and seizure of the Seismic Data the Company, Mr. Harris, and Radler entered into a Rule 11 Agreement on May 28, 2008. In pertinent part that agreement provided that Mr. Harris would pay to Radler $162,500.00 on or before May 30, 2008 and would make another payment of 162, 500.00 on or before July 8, 2008.

On May 6, 2008 Joseph Meuse was appointed to the board of directors as Director, and President of King Recourses, Inc.


Read N and 0 of the following section of the court document:







Joseph Meuse ended up selling the KING shell and it eventually ended up in the possession of Mina_ar Group

http://www.otcmarkets.com/financialReportViewer?symbol=KING&id=41475




That court judgment is the reason why Norris Harris stopped doing filings for RYPE and the shell went dead including the Nevada business entity.


In the last 10Q filed by RYPE for the period ending January 30, 2011 they were fraudulently claiming that property still

DEPOSIT ON UNPROVEN OIL AND GAS PROPERTIES – RELATED PARTY (Continued)

a) On April 2, 2008, the Company issued 50,000,000 common shares and advanced $340,000 to May Petroleum Inc. (“May”) pursuant to an oil and gas property agreement whereby the Company would acquire May Petroleum, Inc’s interest in an oil and gas prospect in Matagorda County, Texas. The fair value of the stock issuance was $12,000,000. As at April 30, 2008 title to the interest in the property had not been transferred to the Company. Transfer of title was completed on June 2, 2008.

As a result of the share issuance, May Petroleum Inc. became the Company’s majority shareholder, and the President of May Petroleum was appointed as an officer and director of the Company.

The Company also issued 1,000,000 common shares as finders fees in relation to the above transaction. The fair value of the stock issuance was $360,000.

b) During the period ended January 31, 2009, the Company advanced $215,000 to May Petroleum Inc. pursuant to an oil and gas property agreement whereby the Company will acquire a 100% working interest in 895 acres of an oil and gas prospect in Matagorda County, Texas.

This is why there is something seriously wrong with the Form 15 that was filed today.

[janice shell]

Kind of makes you wonder if the Form 15 filed today wasn't a forgery.

One way or another, it isn't legitimate. You can't file a Form 15 unless you're current with your required filings.