Replies to post #238 on Octagon 88 Resources (OCTX)

[bhumiartha]

You are well named, Buccaneer.
Behind this loud and misleading pump is the fact that Octagon has $7,000 cash.
As to the $38 billion in assets you talked about, to get them it paid $32 (yes, thirty two dollars) and issued about five million shares in escrow[ i]to the company (Tamm) from which Octagon and another intermediary (CEC North Star) acquired the property.
Why did they get the property for nothing? because TAMM lost $81 million dollars of investor money without being able to get out a single drop of oil.
By the way, TAMM, CEC North Star, Zentrum Energie Trust AG and Octagon 88 resources ALL HAVE THE SAME OWNERSHIP OF INSIDERS WHO STARTED AND FLOATED EACH COMPANY.
That's why Wall Street hasn't "discovered" this company, Buccaneer. It is worthless.
And if the U.S. Securities and Exchange Commission had any gumption, the promoters would be behind bars for spreading this farrago of utter rubbish through company after company after company, bilking innocents along the way.
You ought to be ashamed of yourself, but then, sociopaths never are.

[bhumiartha]

I especially like the fact where your pump says that spudding could begin on 400 horizontal wells in 2014, in phase one of the development plan.
It takes a minimum three years to get environmental and regulatory approval for a project of this scale.
More importantly, this company with $7,000 in the bank needs to come up with $1 billion (0ne billion dollars) to complete 400 horizontal wells, since these cost $2.5 million PER WELL.
There is no regulatory approval, no facilities engineering, no facilities built yet, and somehow they are going to have 400 wells pumping 30,000 barrels a day?
All with $7,000 cash?
Pump and greed has driven this worthless company to a $200 million plus market cap, and this pump will no doubt cause many people to lose their life savings.
Criminals, that's what you are.