Replies to post #4400 on Far Vista Petroleum Corp. (FVSTA)

[DEC015339]

And I agree! I'm not going anywhere yet. If they prove anything and make real progress I'm back in. I have a feeling we all have plenty of time to keep a close eye on it.

[DragonBear]

The assets seem to be viable.

Then there's nothing to prevent a cash transaction from going ahead immediately after suspension, even during suspension. The SEC can not stop a business transaction.

Assume the assets are "viable". One had a flood of PRs starting on 29-Oct till the suspension, about acquisition offers. Even the laughable PR where the company was giving the un-named suitor 48 hrs to offer up. So what has changed about those "viable" assets? Nothing. So why not more PRs about more offers? Why hasn't the "viable" asset been sold? What has changed is the suspension makes it extremely difficult for insiders to dump and profit. The SEC will in the end make them disgorge any profits. Insiders can't sell for profit they can keep. It's wasted effort for them to pump.

There was alot of info in the prs that is not verified...but if even 50% is verified

How about 1%? Again, a un-named Russian oil company interested in "viable" assets would just buy them. They wouldn't care if the FVSTA stock was now on the grey sheet. After all they wouldn't be interested in a grey penny stock, but rather the "viable" asset. You know the "viable" asset the PR claims is producing oil, yet the OTC filing doesn't give production figures on.

BTW - acquisition offers don't have artificial 48 hr deadlines handed out by the target company for completing the deal. Neither does a company claim to have received an offer, while keeping the name of the suitor secret. Not uncommon is for the suitor to announce the offer, for the target stockholders to consider. Only in the microcap penny world do you get the farse of PRs of mysterious multiple offers, and deadlines being set by the target company.

Despite the insistence that virtually no pinkies come back from the dreaded SEC suspension, FVSTA claims it is "in progress"

Probably 80% claim they are "in progress". Fortunately, this is one area not clouded grey. You want a MM to sponsor a 211 for FVSTA? Then management needs to get the stock registered with a 10-12G. Else no MM will sponsor it. Until they file to register the stock with the SEC, there is no "progress". If the stock is registered, then the MM will need to see the Termination Notice letter from the SEC. The SEC can not release that info to a MM, but the company can. In fact management can issue a PR right now, or in the near future claiming the SEC investigation has been closed. Nothing to prevent the company right now from issuing a PR giving a time table outlining the expected date for the 10-12G filing.

For some strange reason, non of the previously suspended non-reporting greys ever issue such PRs. Maybe someone can send some Email to the Russian management asking them when they are going to release such PRs, and when they are going to file a 10-12G? Until then "in progress" means "no progress".

P.S. "Dreaded" seems an appropriate word for the effects of a SEC suspension on a non-reporting microcap penny stock.