Replies to post #14460 on Surya Oil and Gas Corp (SURY)

[TheHungryHippo]

Your confusing in your post ... I am waiting for audited financials and an uplisting. Frank also is not the sole owner of ludvik from my understanding. Why don't you write frank an email and ask him to clarify everything for you.

[willss]

Message sent to FK to clarify iloinen's post

I don't think he'll respond as he didn't respond to my last message a week ago, and my new message expresses my frustration with this and contains a lot of "inconvenient facts". But, we'll see. I'd certainly like clarification on all that iloinen noted. It's certainly prudent to take into account all DD that people have done, not just look at this through rose-colored glasses - to include price predictions that always seem to be way off.

I'm still long here, and haven't sold a single share, but I do have more questions now. Very much looking forward to financials to back up, or not, everything FK has said via press releases over the past few months.

GLTA

[jackg152004]

Thanks for the brief history of Ludvik and WNTR. Good thing the share price of WNTR will be determined by it future prospects for generating profits rather than its past.

But I am sure you know that. Kinda coincidental you were a "lurker" until this manipulated drop in share price.

[TheHungryHippo]

If his accountant said that the company is worth 21 million, and it's in the filings, I don't think he would lie about that. Audited financials are on the way supposedly. If ludvik is now public and this stock represents the value of ludvik. Then it would have significant value. Am I wrong for thinking that?

[cazual]

Lol! Can't be that this is the only OTC stock with no revenues...yet....most don't have any revenues and are in huge debt...but we buy at sub penny prices because of the inherent potential of the company...I like the press releases...acquisitions...non dilutive preferred shares...sounds like a solid company will soon emerge...now is the time to buy:)
GO WNTR $$$$

[Dabeav]

Very good DD!!! The proof is in the pudding!!! We are all scammed!!! Flip it at your on discretion but this POS is going no place but down!!

[goldapple]

we don't even know a simple answer ,

why has the stock fallen in the last week?

some say shorts and bring proof and some say selling ,

and yet some say its the co selling ,

yet we DO NOT KNOW FOR SURE WHAT THE TRUTH IS

...so you posting all those questions about a co

that has changed hands a billion times ,

with a billion different,filings

,btw did giv christie really know about the lane closing , ?

do we really know?

this is a pink sheet ,and that is the only fact we know ,

[goldapple]

YOU WROTE ALL THAT ,yet you can not answer why people were buying all day @ .003 and the stock did not move , yet when someone sells 500 dollars worth of stock it falls 30 percent?

yet you ask questions ?as i said its a pink sheet stock?

[goldapple]

yesterday i believe we traded 30 million shares

and up 8 percent, today 2million shares traded and

down 12% please explain?

[TheHungryHippo]

Here's an inconvenient fact for ya.

In the bankruptcy case where Patriot advisors was dissolved. Frank Kristan paid for the remaining assets of Patriot advisors. If the creditors in a US FEDERAL COURT bankruptcy case agreed to 1.00 per share settlement, and there was 20 million shares, one would have to believe that Ludvik holdings Inc is indeed worth apx. 20 million. This is why Ludvik Holdings has all those assets imo. Frank Kristan Managed more than 50 million in assets when he was with Patriot.

TEM 3. BANKRUPTCY OR RECEIVERSHIP.

(THE DEBTOR IS FRANK!)

On January 25, 2007 the United States Bankruptcy Court for the District of Maine, in Case No. 04-20328, entered an order confirming the agreement with the Debtor, whereby the Debtor will purchase the stock of Patriot Advisors, Inc and merge the company with Ludvik Capital, Inc, whereby the surviving corporation will be the registrant, Ludvik Capital, Inc.

On February 7, 2007 the order became effective and a copy is attached hereto as Exhibit 99.1. A copy of the Debtor’s Disclosure Statement, including a copy of the agreement, has been previously filed by the company.

Pursuant to the agreement shares of the Company’s Common Stock were issued to the certain creditors who had accepted the offer at $1.00 per share and shareholders who had participated in the plan with the agreement of the debtor under the plan in exchange for a claim against, an interest in, or a claim for an administrative expense in the case concerning, the debtor or such affiliate, or principally in such exchange and partly for cash or property.

As a result of the election of certain creditors and proponents of the plan and agreement, as of March 20, 2007, there are 20,000,000 shares of the Company’s common stock issued and outstanding. Ludvik Nominees Pty Ltd is a shareholder of record of 14,968,200 restricted securities and there are an additional 23 shareholders of record for 5,031,800 shares of common stock.


http://media.bap1.uscourts.gov/cgi-bin/bpgetopn.pl?OPINION=08-009P


IMO Frank is the majority holder of Ludvik, but there are other shareholders of this company when it was private, so probably most of them are still shareholders.

And if you would like a detailed explanation of how Ludvik Capital Inc became Ludvik Holdings INC.. well I got that too.

[TheHungryHippo]

More inconvenient facts for you.

You stated that:

"Finally, the sale of Ludvik Holdings for $21,062,587 is simply the amount Kristan's accountant gave to the company's assets at the end of 2012. One would need more information about the individual investments listed to test the truth of that number but serious doubts have already been raised about one of them, Avenger Boats.

The sale terms included 154.1 million common shares plus 250k Pfd A shares. Supposedly $650k cash less $325k loan payable by Ludvik changed hands but it looks like WNTR had no cash at the time so it's not clear what that's about. Also, the numbers don't completely add up. According to the LOI, $21,062,587 sale price = $15,412,587 in stock + $650,000 in cash. Was more stock issued later? Who knows."

Now since Frank was the receiver of the remaining assets in the bankruptcy case... and there was 20,000,000 (PAID FOR 1.00 EACH) shares of ludvik when it was a private company... and Ludvik Nominees Pty Ltd is a shareholder of record of 14,968,200 restricted securities and there are an additional 23 shareholders of record for 5,031,800 shares of common stock.

IMO Ludvik Nominees Pty LTD, is Frank's holdings

and at the end of 2007 bankruptcy case frank has a holdings of 14.9 million CASH VALUE IN SHARES... it would make sense that the purchase price in $15,412,587 in stock is about accurate.

So therefore imo. This is why Franks 154million shares are accurately valued at .10 cents per share. and he will not sell his share for less than the value of his holdings in Ludvik.

Assets ON THE BOOKS AS OF Q3

Deposits
15,412,258 (Franks Stock that he made public.)
Investment Portfolio
3,000,000 (COMPANY THAT WAS ALREADY AQUIRED AND IS ON THE BOOKS
Total Other Assets
$
18,412,258

This is the reason he can list his shares as assets. Because they are a the holdings that LUDVIK owns which represent the assets that were acquired during the bankruptcy case.

On April 11, 2013, the Company issued 154,125,870 common shares to
Ludvik Holdings and 5,000,000 shares of the Company’s Series A Preferred shares,with one hundred votes per share,in partial payment of the purchase of Ludvik Holding’s assets and business, subject to assumption of liabilities and obligations.


The total purchase price is $21,062,587, with an unpaid balance of $650,000 to be paid in cash. On July 1, 2013 the company issued a Promissory Note to Ludvik for payment of the $650,000. The Note has been assigned to TCA Global Credit Master Fund LP.
The cash portion of the price will be reduced by the amount of Ludvik Holdings’ Senior Secured Revolving Credit Facility Agreement with TCA Global Credit Master Fund,LP(“TCA”)outstanding on the payment date.

The Company is currently doing an offering of up to One Million ($1,000,000) Dollars under Section 504 to pay for the
acquisition of the Ludvik Assets, additional acquisitions and working capital. The company has received a commitment from a third party for the satisfaction of up to $971,000 in creditor liabilities. If the transaction is completed then the company shall
have repaid TCA and will complete the transfer of the Ludvik assets with no outstanding debt in the company.

SO YOU SEE MY FRIENDS LUDVIK HOLDINGS SHARES OF 154,125,870

MATCHES UP WITH THE AMOUNT OF ASSETS ON THE BOOKS. WHICH REPRESENT THE CASH VALUE OF THE HOLDINGS/ASSETS OF LUDVIK.

WHICH WAS WORTH 14.9 MILLION IN 2007 AT THE END OF THE BANKRUPTCY CASE (AND NOW SUSPECTED TO BE WORTH 15.4 MILLION. AS OF QUARTER 3 FILING.)

THIS IS WHY FRANK WILL NOT SELL SHARES FOR LESS THAN .10 CENTS AND A REVERSE SPLIT IS ABSOLUTELY OUT OF THE QUESTION BECAUSE THOSE COMMON SHARES ARE WORTH THEIR WEIGHT IN CASH! AND THIS IS ALSO WHY FRANK WILL NOT DILUTE THIS STOCK SEVERELY.

Frank needs the share price to be above .10 cents and it's the reason he has not sold any shares from Ludviks pile.

154million shares @ .10 cents equals 15.4 million dollars.

Selling for less than .10 cents means he is just giving away his assets. Yes he has diluted slightly. but those shares came from the remainder of the outstanding share count.

354million share held by insiders.
618million shares outstanding.
101million in the float.

354+101= 455

618-455= 163 million shares left to dilute if he wanted. but why would he dilute ludviks holdings unless he added millions in assets along the way