Replies to post #2474 on Kabe Exploration, Inc. (fka KABX)

[mick]

tis is very good read and info., kabx crooked ceo should stay behind bars for life.

re;
I spoke with Roger A T Smith a couple weeks ago. He's a real live oil drilling consultant that Mr. Ulsteen appointed to the board in an effort to lend oil credibility to the company. Ulsteen gave him $350 in stock (valued at .001) to be on the board, and then used his name in every next promo.

When I mentioned Mr. Ulsteen's current prediciment, Mr. Smith said he had no previous knowledge of the arrest and charges pending, then said "well I was planing on resigning my board position there anyway... I have my own company to worry about and don't need any problems associated with KABE".

I don't know if Mr. Smith has officially resigned his board position at KABE or not. He said he'd call me back, but I haven't heard back from him yet. He sounded very busy with a drill rig in the north sea that he is consulting on.

I doubt he's going to be interested in taking on the problems of KABE, it sounded more like he was just washing his hands of it.

That leaves two other guys named as directors (not officers) back in 2010:
Stale Werner Nielsen
Bjorn Rene Singdahlsen

AFAICT they are still directors, but who really knows.

Basically, there doesn't appear to be anyone at the helm right now, except Mr Ulsteen's ongoing ability to get converion loans and continue to dilute the stock. Note the latest slug of SC-13G filings. I can't imagine we're done seeing those yet. He still has 1.8B AS to turn into OS, and we know he needs at least $100K to float a $1M bail bond.

As long as the players here are willing to continue soaking up the dilution and paying the bills for Mr. Ulsteen, they may be able to continue running the price up, but historically speaking, everytime (without exception) that I've seen this pattern start to emerge it's just a matter of time before the pos can't get itself off of the .0001 floor.

I hope that's not for a while yet, because I'm still enjoying playing this loser, and I still have a few more 8's and 9's I'd like to get rid of at 10 and 11 (they wouldn't all sell at .0022, so missed a fresh short there... pathetic). ;)

Seeya Tues.

Go Mariners!

[kingpindg]

It was the appointment of Roger Smith...


that made me notice some connections that made me start questioning the legitimacy of Kabe's operations.


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=88904238





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[Inwestor1]

Hello Gentlemen! Re Side Swipe. Sorry I did not reply to this board earlier, but I did e mail to a couple of the callers.
Yes , I have resigned as a Director of KABX and have nothing more to do with it, since 1999/2000 we have been running our own private company, The Sanday Corporation, which, as we were a family owned company, have been able conduct our business in an honest way and have been very successful as well, it started off (and still has Real Estate investments) but over the years moved on into the Oil & Gas service business, which we are continually developing. We have now become Smart Ventures Incorporated , as mentioned in another post, we have been attempting to become a public company for some time now and at last we succeeded , it is a strategy that will benefit us all for future operations. We will be announcing developments, as and after they have happened, not before, with a consideration for our shareholders.
As before mentioned , I am no longer a Director of KABX or involved in any way.
Thank you, I am always available to answer the telephone or e mail to anyone, although it may take a day or two as I am usually traveling on business.
GLTA. Regards
Roger A T Smith