Replies to post #16379 on CAVU Resources Inc (CAVR)

[johnsyn]

we oldtimers remember the double speak in all the financials and other things where 50% of this and 25% of that went back and forth between their different LLCs, tough to figure what percentage of anything really exists, let alone at what point revenues actually go to the company and when. As for comments as of late as to what happened to Global, it might really be there, but hard to tell. LOI made Cavu Energy Resources the actual ending "company", and it too, has some fancy riverdancing the financials going on with the Chisholm too, which pretty much reads Cavu Resources owns 40% of the remaining portion of the Chisholm lease (remember that GTE Energy already owns 50% and gets approx $1,142,000 of the oil proceeds first)

On November 10, 2012 the company entered into a LOI for the transfer of the Hogshooter and Chisholm leases and approximately $1,000,000 in current vendor debt (remember the $.5M for 2 pumps alone, let alone rework) for CAVU Energy Services, Inc. to merge with CAVU Global. The combined shareholder including CAVU Resources, Inc. will own 40% post
merger.The surviving company will be CAVU Energy Services, Inc. and this Agreement supersedes and replaces in its entirety the original Joint Venture.

But a letter of Intent does not mean Global is partnered.