Replies to post #436 on IN THE MOOD BLUES

[johnsyn]

Hi Karl! I was afraid you were about to get beat up there, LOL. I started seeing some deletions, not yours, and knew things were possibly going to go badly. That independent report was first mentioned last October-Nov, was put out there by Noah/Billy to anyone who called. So it's been a long wait. It would have not gone well if they had given a company name, so yeah, believe it when you see it. Just like one person posts "maybe the independent report will come out now that the financials are posted" and it turned into gospel.

[johnsyn]

You don't have to worry about minding Ps & Qs here, watch the rules line constantly.
We all agree, on the thin on employees, especially when his wife is such a mute character in it. Never have gotten a response from her as PR, even before Noah. And supposedly is bookkeeper, so how they missed owing a company $300,000 and never paying a penny for it is beyond me. Billy's whole claim to the oil sector is selling parts at one time, so he has to rely on outsourcing everything. Nothing in his resume shows he spent anytime as an oilman.
Yes, Billy and Jon are also decades old friends, Grossman and his wife are only in their very early 60s though. 4 years ago, he tried to go public by joining up with that near bankrupt drug company, but his bank wouldn't allow it. That could have been another buddy from years ago, just don't know. Noah and Billy know each other from Wallstreet days.
If Billy had concentrated on getting the saltwater well drilled a long time ago, he wouldn't be in the delays he is now, since the permit expiring is what got him protests. So yes, move on to the next project, just like 20 companies he started, the few that still exist are all his LLCs. Seems he is constantly shifting money around from one LLC to another eventually to CAVR, probably tribal priviledge grants since his wife is Cherokee, that he seems to "launder".
I'm not sure he was after Grossman's company all that long, it would seem a deal would have been struck before trying to merge with that drug company.

[johnsyn]

We were putting the financials in the ibox to review, but we all get busy. I'm glad you're here, I was getting dizzy with all the inconsistancies from one section to another in the financials, and then what he stated in the 2010 disagrees again. Like the mysterious $6 million drilling contract with Energy Resources America that was to be completed by this June. He paid MoneyTV for those "interviews", yet I didn't see them mentioned. they are not affiliated with Global Media from what I can tell. And as PXGUITAR brought up, Xtreme Picks (which is Global Media), claims they got paid only $120,000 worth of stock. Maybe it is the $60,000 difference between XP and what Global Media does, considering that is a lot of money for just a pennystock blog site, vs. color brochure mailing campaign.