| Author |
Message
|
| lukematt |
 Posted: Fri Feb 06, 2009 3:52 am Post subject: Does Seeking Alpha really want to help us? |
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Investing Associate
|
Seeking Alpha (http://seekingalpha.com), the self-proclaimed “premier financial website for stock market opinion and analysis”, follows a strict editorial policy.
The editors at Seeking Alpha “handpick articles from the world's top market blogs, money managers, financial experts and investment newsletters”, and they publish contributions from “the nation's most savvy and inquisitive investors”.
Seeking Alpha cares about us.
Moreover, Seeking Alpha refuses to publish articles about penny stocks (share price under $1 according to their definition) “due to concern for manipulation”.
The editors at Seeking Alpha want to protect us. (Apparently, they think we are incapable of discerning manipulation by ourselves.)
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1. On September 3, 2008, the editors at Seeking Alpha approved and published an article entitled “Five Ways to Invest in the Czech Republic” (http://seekingalpha.com/article/93535-five-ways-to-invest-in-the-czech-republic).
One of the recommended investments is a company named Czech Republic Resources (symbol: CZHC).
Hmmmm. I live in the Czech Republic, and I’ve been investing here since the first day that the Prague Stock Exchange opened its doors. I’ve never heard of this company…Czech Republic Resources.
I looked for filings on the SEC’s EDGAR database. None.
I looked on the most reliable Czech financial websites: Obchodni rejstrik, Obchodni vestnik, and IPoint. Nothing.
Finally, I decided to google “Czech Republic Resource”—singular, not plural. Bingo. Here’s the web address for the company: http://czechrepublicresourcecorp.com/
Maybe the editors at Seeking Alpha don’t care about us as much as they profess. They didn’t even bother to get the name of the company right.
2. The most reliable information that I could find about Czech Republic Resource Corp. is located on the Pink Sheets website:
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=czhc
As I write this blog, Pink Sheets indicates that the last trade for CZHC occurred on January 30, 2009. Total volume: ONE SHARE !
Apparently, the editors at Seeking Alpha aren’t concerned about liquidity.
The share price? $0.007. Alright, stop laughing. On Friday, January 30, 2009, one share of CZHC traded for less than a penny.
I thought the editors at Seeking Alpha want to protect us from manipulation….
3. Here’s more information about Czech Republic Resource Corp. from the Pink Sheets website:
• Year Of Incorporation: 2007
• Outstanding Shares
1,799,000 as of Oct 31, 2007
• Current Capital Change: shares decreased by 1 for 7,421,956 split
Pay Date: Oct 30, 2007
• Address
Czech Republic Resource Corp.
Platnerska 7
Prague 100 00
Czech Republic
(What do you think we would find if we went to that address?)
• Number of Employees
4 as of Oct 10, 2007
• Company Officers
Gideon Thomson, Chairman , Dir.
Don Grenough, Dir.
Dr. Ian B. Woods, Dir.
R. Revell Murphy, President, CEO
Jara G. Meger, Secretary
(…and not a Czech name among them. Hmmmm.)
• SEC Reporting Status
non-SEC Reporting Company
4. According to the website for Czech Republic Resource Corp., their main project concerns oil and gas leases for a field in Louisiana.
Let me see if I’ve got this right…a group of non-Czechs needs a Czech address to do business with oil and gas leases in Louisiana.
Yeh, right.
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A long time ago, a wise old man told me, “Never trust anyone who wants to help you”.
The editors at Seeking Alpha want to help us by refusing to publish information about any penny stock.
However, they have no qualms about recommending CZHC as a viable way to invest in the Czech Republic. |
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| trapman795@hotmail.com |
| Posted: Tue Nov 10, 2009 9:19 am Post subject: czech resources |
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|
New Poster
Joined: 10 Nov 2009
Posts: 3
This Month: 3
8510.06 e$
Net worth: 8,510.06
Portfolio Value: 0.00
Monthly Return: 0.00%
Trades this month: 0
Churn Rate: 0.00%Items
|
Are you kidding me? Why on earth would you be involved with this "company"?
According to the website:
"R.Revell Murphy has over 20 years experience in the public market as well as private equity and venture capital financings working primarily with startup and early-stage emerging ventures. Mr. Murphy has extensive experience in analyzing and assessing business plans and business models and providing strategic advice on growth and finance objectives." REALLY??
ALSO:
WHY have David Gideon Thomson on the board?
"Possesses a lifetime of contacts and experience in all aspects of the international music and film industries. Former positions include: Managing Director of Polygram Films U.K, Chairman of Charisma Music & Films, Deputy Chairman of the Robert Stigwood Organization and a director of it's music publishing company, Director of Polygram U.K, and Head of Legal Affairs for London Weekend Television."
And what experience does he have for the resource industry??????NOTHING!
Furthermore: (from News blaze)
Karrington Holdings Corp. Announces Major Joint Venture Contract
Karrington Holdings Corp. (OTC: KRGH), announced today that the founder and CEO of the company, Mr. R. Revell Murphy, has successfully completed contract negotiations in Prague with the signing of a Joint Venture Agreement with PetroAzerbaijan Corp s.r.o.
The signed joint venture agreement gives Karrington Holdings Corp. through PetroAzerbaijan Corp s.r.o., the opportunity to jointly supply fuel product to independent diesel and gasoline stations throughout the Czech Republic. The joint venture agreement provides Karrington with a 50% share of all profits realized with this venture.
The anticipated monthly demand for product through this agreement is in the range of 10,000 tons of gas and diesel fuel, in the approximate ratio of 40% gas and 60% diesel. This demand is expected to increase steadily over the first year to reach upwards of 50,000 tons per month.
Financially, the positive cash flow impact of this agreement on Karrington Holdings is very significant. ($130,000 to $650,000 per month).
Karrington CEO, Revell Murphy was quoted saying, "This agreement and the resulting major monthly profits to our company reflect the results of having senior management here in Prague to provide Karrington with hands-on daily involvement in successfully completing and financing transactions such as this in the newly emerging free enterprise market that we see in the Czech Republic."
This contract represents a multi-million dollar opportunity for Karrington through PetroAzerbaijan to realize a steady ongoing positive cash flow as a result of this secured joint venture agreement to supply fuel requirements for the automobile market throughout the entire Czech Republic.
For further information, please contact Mr. R. Revell Murphy at +420.731.850.293.
Notice the phone number is the same.....hmmmmm.
And where is the money? Show me the money!
Worldwide Energy adds $15 million in proven oil reserves
September 18, 2006 Filed Under: Mining Services, Mining Stocks, Oil and Gas
Worldwide Energy Corp. has announced results from an engineering report performed by Scicorp for the two Oil and Gas Leases that were recently acquired.
The Thacker lease has 4 wells on 14 acres of land with the lease owned by Worldwide Energy. These 4 wells have approximately 184,676 barrels of primary recoverable oil.
The Thrash lease has 2 wells on 6 acres of land with 49,589 of primary oil.
That brings the total of the two leases to 234,265 barrels of primary recoverable oil. With the recent price of crude oil being around $64 a barrel, the estimated value of the reserves stand at $15 million USD.
Revell Murphy, CEO of Worldwide Energy, stated, “This engineering report is proof of the direction Worldwide Energy is heading. We are excited to continue building value for our shareholders and plan on pursuing other leases in the Lake Caddo Parrish with even larger reserves.”
Other:
Business Categories
Oil & Gas Exploration & Develo in Carson City, NV
Support Activities For Oil & Gas Operations
Czech Republic Resource Corp Business InformationClaim This ProfileCzech Republic Resource Corp is a private company categorized under Oil and Gas Exploration and Development and located in Carson City, NV. Current estimates show this company has an annual revenue of $500,000 to $1 million and employs a staff of approximately 1 to 4.
1-4 employees??? Annual revenue of 500,000-1,000,000?
The submit button does not work for the information page on the website!
----------------------------------------------
SOS Nevada
Business Entity Information
Status: Active File Date: 1/26/2005
Type: Domestic Corporation Entity Number: C1988-2005
Qualifying State: NV List of Officers Due: 1/31/2010
Managed By: Expiration Date:
NV Business ID: NV20051092805 Business License Exp:
Registered Agent Information
Name: LAUGHLIN ASSOCIATES, INC. Address 1: 2533 N CARSON STREET
Address 2: City: CARSON CITY
State: NV Zip Code: 89706
Phone: Fax:
Mailing Address 1: Mailing Address 2:
Mailing City: Mailing State: NV
Mailing Zip Code:
Agent Type: Commercial Registered Agent - Corporation
Jurisdiction: NEVADA Status: Active
View all business entities under this registered agent
Financial Information
No Par Share Count: 75,000.00 Capital Amount: $ 0
No stock records found for this company
Officers Include Inactive Officers
Secretary - JARA GEORG MERGER
Address 1: 2533 N. CARSON ST Address 2:
City: CARSON CITY State: NV
Zip Code: 89706 Country: USA
Status: Active Email:
President - R. REVELL MURPHY
Address 1: 2533 N. CARSON ST Address 2:
City: CARSON CITY State: NV
Zip Code: 89706 Country: USA
Status: Active Email:
Treasurer - R. REVELL MURPHY
Address 1: 2533 N. CARSON ST Address 2:
City: CARSON CITY State: NV
Zip Code: 89706 Country: USA
Status: Active Email:
Director - DAVAID GIDEON THOMSON
Address 1: 2533 N. CARSON ST. Address 2:
City: CARSON CITY State: NV
Zip Code: 89706 Country: USA
Status: Active Email:
----------------------------------------------------------
Another company but not in good standing
Business Entity Information
Status: Default File Date: 9/05/2007
Type: Domestic Corporation Entity Number: E0622412007-2
Qualifying State: NV List of Officers Due: 9/30/2009
Managed By: Expiration Date:
NV Business ID: NV20071076856 Business License Exp:
Registered Agent Information
Name: LAUGHLIN ASSOCIATES, INC. Address 1: 2533 N CARSON STREET
Address 2: City: CARSON CITY
State: NV Zip Code: 89706
Phone: Fax:
Mailing Address 1: Mailing Address 2:
Mailing City: Mailing State: NV
Mailing Zip Code:
Agent Type: Commercial Registered Agent - Corporation
Jurisdiction: NEVADA Status: Active
View all business entities under this registered agent
Financial Information
No Par Share Count: 0 Capital Amount: $ 200,000.00
Par Share Count: 200,000,000.00 Par Share Value: $ 0.001
Officers Include Inactive Officers
Secretary - JARA G MEGER
Address 1: 2533 NORTH CARSON STREET Address 2:
City: CARSON CITY State: NV
Zip Code: 89706 Country:
Status: Active Email:
President - R. REVELL MURPHY
Address 1: 2533 NORTH CARSON STREET Address 2:
City: CARSON CITY State: NV
Zip Code: 89706 Country:
Status: Active Email:
Treasurer - R. REVELL MURPHY
Address 1: 2533 NORTH CARSON STREET Address 2:
City: CARSON CITY State: NV
Zip Code: 89706 Country:
Status: Active Email:
Director - DAVID GIDEON THOMPSON
Address 1: 2533 NORTH CARSON STREET Address 2:
City: CARSON CITY State: NV
Zip Code: 89706 Country:
Status: Active Email: |
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| trapman795@hotmail.com |
| Posted: Tue Nov 10, 2009 9:19 am Post subject: Yeah...right! |
|
|
New Poster
Joined: 10 Nov 2009
Posts: 3
This Month: 3
8510.06 e$
Net worth: 8,510.06
Portfolio Value: 0.00
Monthly Return: 0.00%
Trades this month: 0
Churn Rate: 0.00%Items
|
Are you kidding me? Why on earth would you be involved with this "company"?
According to the website:
"R.Revell Murphy has over 20 years experience in the public market as well as private equity and venture capital financings working primarily with startup and early-stage emerging ventures. Mr. Murphy has extensive experience in analyzing and assessing business plans and business models and providing strategic advice on growth and finance objectives." REALLY??
ALSO:
WHY have David Gideon Thomson on the board?
"Possesses a lifetime of contacts and experience in all aspects of the international music and film industries. Former positions include: Managing Director of Polygram Films U.K, Chairman of Charisma Music & Films, Deputy Chairman of the Robert Stigwood Organization and a director of it's music publishing company, Director of Polygram U.K, and Head of Legal Affairs for London Weekend Television."
And what experience does he have for the resource industry??????NOTHING!
Furthermore: (from News blaze)
Karrington Holdings Corp. Announces Major Joint Venture Contract
Karrington Holdings Corp. (OTC: KRGH), announced today that the founder and CEO of the company, Mr. R. Revell Murphy, has successfully completed contract negotiations in Prague with the signing of a Joint Venture Agreement with PetroAzerbaijan Corp s.r.o.
The signed joint venture agreement gives Karrington Holdings Corp. through PetroAzerbaijan Corp s.r.o., the opportunity to jointly supply fuel product to independent diesel and gasoline stations throughout the Czech Republic. The joint venture agreement provides Karrington with a 50% share of all profits realized with this venture.
The anticipated monthly demand for product through this agreement is in the range of 10,000 tons of gas and diesel fuel, in the approximate ratio of 40% gas and 60% diesel. This demand is expected to increase steadily over the first year to reach upwards of 50,000 tons per month.
Financially, the positive cash flow impact of this agreement on Karrington Holdings is very significant. ($130,000 to $650,000 per month).
Karrington CEO, Revell Murphy was quoted saying, "This agreement and the resulting major monthly profits to our company reflect the results of having senior management here in Prague to provide Karrington with hands-on daily involvement in successfully completing and financing transactions such as this in the newly emerging free enterprise market that we see in the Czech Republic."
This contract represents a multi-million dollar opportunity for Karrington through PetroAzerbaijan to realize a steady ongoing positive cash flow as a result of this secured joint venture agreement to supply fuel requirements for the automobile market throughout the entire Czech Republic.
For further information, please contact Mr. R. Revell Murphy at +420.731.850.293.
Notice the phone number is the same.....hmmmmm.
And where is the money? Show me the money!
Worldwide Energy adds $15 million in proven oil reserves
September 18, 2006 Filed Under: Mining Services, Mining Stocks, Oil and Gas
Worldwide Energy Corp. has announced results from an engineering report performed by Scicorp for the two Oil and Gas Leases that were recently acquired.
The Thacker lease has 4 wells on 14 acres of land with the lease owned by Worldwide Energy. These 4 wells have approximately 184,676 barrels of primary recoverable oil.
The Thrash lease has 2 wells on 6 acres of land with 49,589 of primary oil.
That brings the total of the two leases to 234,265 barrels of primary recoverable oil. With the recent price of crude oil being around $64 a barrel, the estimated value of the reserves stand at $15 million USD.
Revell Murphy, CEO of Worldwide Energy, stated, “This engineering report is proof of the direction Worldwide Energy is heading. We are excited to continue building value for our shareholders and plan on pursuing other leases in the Lake Caddo Parrish with even larger reserves.”
Other:
Business Categories
Oil & Gas Exploration & Develo in Carson City, NV
Support Activities For Oil & Gas Operations
Czech Republic Resource Corp Business InformationClaim This ProfileCzech Republic Resource Corp is a private company categorized under Oil and Gas Exploration and Development and located in Carson City, NV. Current estimates show this company has an annual revenue of $500,000 to $1 million and employs a staff of approximately 1 to 4.
1-4 employees??? Annual revenue of 500,000-1,000,000?
The submit button does not work for the information page on the website!
----------------------------------------------
SOS Nevada
Business Entity Information
Status: Active File Date: 1/26/2005
Type: Domestic Corporation Entity Number: C1988-2005
Qualifying State: NV List of Officers Due: 1/31/2010
Managed By: Expiration Date:
NV Business ID: NV20051092805 Business License Exp:
Registered Agent Information
Name: LAUGHLIN ASSOCIATES, INC. Address 1: 2533 N CARSON STREET
Address 2: City: CARSON CITY
State: NV Zip Code: 89706
Phone: Fax:
Mailing Address 1: Mailing Address 2:
Mailing City: Mailing State: NV
Mailing Zip Code:
Agent Type: Commercial Registered Agent - Corporation
Jurisdiction: NEVADA Status: Active
View all business entities under this registered agent
Financial Information
No Par Share Count: 75,000.00 Capital Amount: $ 0
No stock records found for this company
Officers Include Inactive Officers
Secretary - JARA GEORG MERGER
Address 1: 2533 N. CARSON ST Address 2:
City: CARSON CITY State: NV
Zip Code: 89706 Country: USA
Status: Active Email:
President - R. REVELL MURPHY
Address 1: 2533 N. CARSON ST Address 2:
City: CARSON CITY State: NV
Zip Code: 89706 Country: USA
Status: Active Email:
Treasurer - R. REVELL MURPHY
Address 1: 2533 N. CARSON ST Address 2:
City: CARSON CITY State: NV
Zip Code: 89706 Country: USA
Status: Active Email:
Director - DAVAID GIDEON THOMSON
Address 1: 2533 N. CARSON ST. Address 2:
City: CARSON CITY State: NV
Zip Code: 89706 Country: USA
Status: Active Email:
----------------------------------------------------------
Another company but not in good standing
Business Entity Information
Status: Default File Date: 9/05/2007
Type: Domestic Corporation Entity Number: E0622412007-2
Qualifying State: NV List of Officers Due: 9/30/2009
Managed By: Expiration Date:
NV Business ID: NV20071076856 Business License Exp:
Registered Agent Information
Name: LAUGHLIN ASSOCIATES, INC. Address 1: 2533 N CARSON STREET
Address 2: City: CARSON CITY
State: NV Zip Code: 89706
Phone: Fax:
Mailing Address 1: Mailing Address 2:
Mailing City: Mailing State: NV
Mailing Zip Code:
Agent Type: Commercial Registered Agent - Corporation
Jurisdiction: NEVADA Status: Active
View all business entities under this registered agent
Financial Information
No Par Share Count: 0 Capital Amount: $ 200,000.00
Par Share Count: 200,000,000.00 Par Share Value: $ 0.001
Officers Include Inactive Officers
Secretary - JARA G MEGER
Address 1: 2533 NORTH CARSON STREET Address 2:
City: CARSON CITY State: NV
Zip Code: 89706 Country:
Status: Active Email:
President - R. REVELL MURPHY
Address 1: 2533 NORTH CARSON STREET Address 2:
City: CARSON CITY State: NV
Zip Code: 89706 Country:
Status: Active Email:
Treasurer - R. REVELL MURPHY
Address 1: 2533 NORTH CARSON STREET Address 2:
City: CARSON CITY State: NV
Zip Code: 89706 Country:
Status: Active Email:
Director - DAVID GIDEON THOMPSON
Address 1: 2533 NORTH CARSON STREET Address 2:
City: CARSON CITY State: NV
Zip Code: 89706 Country:
Status: Active Email: |
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|
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| trapman795@hotmail.com |
| Posted: Tue Nov 10, 2009 9:20 am Post subject: Yeah...right! |
|
|
New Poster
Joined: 10 Nov 2009
Posts: 3
This Month: 3
8510.06 e$
Net worth: 8,510.06
Portfolio Value: 0.00
Monthly Return: 0.00%
Trades this month: 0
Churn Rate: 0.00%Items
|
Are you kidding me? Why on earth would you be involved with this "company"?
According to the website:
"R.Revell Murphy has over 20 years experience in the public market as well as private equity and venture capital financings working primarily with startup and early-stage emerging ventures. Mr. Murphy has extensive experience in analyzing and assessing business plans and business models and providing strategic advice on growth and finance objectives." REALLY??
ALSO:
WHY have David Gideon Thomson on the board?
"Possesses a lifetime of contacts and experience in all aspects of the international music and film industries. Former positions include: Managing Director of Polygram Films U.K, Chairman of Charisma Music & Films, Deputy Chairman of the Robert Stigwood Organization and a director of it's music publishing company, Director of Polygram U.K, and Head of Legal Affairs for London Weekend Television."
And what experience does he have for the resource industry??????NOTHING!
Furthermore: (from News blaze)
Karrington Holdings Corp. Announces Major Joint Venture Contract
Karrington Holdings Corp. (OTC: KRGH), announced today that the founder and CEO of the company, Mr. R. Revell Murphy, has successfully completed contract negotiations in Prague with the signing of a Joint Venture Agreement with PetroAzerbaijan Corp s.r.o.
The signed joint venture agreement gives Karrington Holdings Corp. through PetroAzerbaijan Corp s.r.o., the opportunity to jointly supply fuel product to independent diesel and gasoline stations throughout the Czech Republic. The joint venture agreement provides Karrington with a 50% share of all profits realized with this venture.
The anticipated monthly demand for product through this agreement is in the range of 10,000 tons of gas and diesel fuel, in the approximate ratio of 40% gas and 60% diesel. This demand is expected to increase steadily over the first year to reach upwards of 50,000 tons per month.
Financially, the positive cash flow impact of this agreement on Karrington Holdings is very significant. ($130,000 to $650,000 per month).
Karrington CEO, Revell Murphy was quoted saying, "This agreement and the resulting major monthly profits to our company reflect the results of having senior management here in Prague to provide Karrington with hands-on daily involvement in successfully completing and financing transactions such as this in the newly emerging free enterprise market that we see in the Czech Republic."
This contract represents a multi-million dollar opportunity for Karrington through PetroAzerbaijan to realize a steady ongoing positive cash flow as a result of this secured joint venture agreement to supply fuel requirements for the automobile market throughout the entire Czech Republic.
For further information, please contact Mr. R. Revell Murphy at +420.731.850.293.
Notice the phone number is the same.....hmmmmm.
And where is the money? Show me the money!
Worldwide Energy adds $15 million in proven oil reserves
September 18, 2006 Filed Under: Mining Services, Mining Stocks, Oil and Gas
Worldwide Energy Corp. has announced results from an engineering report performed by Scicorp for the two Oil and Gas Leases that were recently acquired.
The Thacker lease has 4 wells on 14 acres of land with the lease owned by Worldwide Energy. These 4 wells have approximately 184,676 barrels of primary recoverable oil.
The Thrash lease has 2 wells on 6 acres of land with 49,589 of primary oil.
That brings the total of the two leases to 234,265 barrels of primary recoverable oil. With the recent price of crude oil being around $64 a barrel, the estimated value of the reserves stand at $15 million USD.
Revell Murphy, CEO of Worldwide Energy, stated, “This engineering report is proof of the direction Worldwide Energy is heading. We are excited to continue building value for our shareholders and plan on pursuing other leases in the Lake Caddo Parrish with even larger reserves.”
Other:
Business Categories
Oil & Gas Exploration & Develo in Carson City, NV
Support Activities For Oil & Gas Operations
Czech Republic Resource Corp Business InformationClaim This ProfileCzech Republic Resource Corp is a private company categorized under Oil and Gas Exploration and Development and located in Carson City, NV. Current estimates show this company has an annual revenue of $500,000 to $1 million and employs a staff of approximately 1 to 4.
1-4 employees??? Annual revenue of 500,000-1,000,000?
The submit button does not work for the information page on the website! |
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| DKnightSr |
| Posted: Wed Nov 11, 2009 5:01 pm Post subject: |
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Member of the Month
May
|
He he he...  The submit button worked just fine, multiple times! LOL
Wow man, you're really on to this stuff. I admire your research ability. I'm trully impressed!  |
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| frusnak |
| Posted: Fri Nov 13, 2009 12:54 am Post subject: Re: Yeah...right! |
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CFO
|
| trapman795@hotmail.com wrote: | Are you kidding me? Why on earth would you be involved with this "company"?
According to the website:
"R.Revell Murphy has over 20 years experience in the public market as well as private equity and venture capital financings working primarily with startup and early-stage emerging ventures. Mr. Murphy has extensive experience in analyzing and assessing business plans and business models and providing strategic advice on growth and finance objectives." REALLY??
ALSO:
WHY have David Gideon Thomson on the board?
"Possesses a lifetime of contacts and experience in all aspects of the international music and film industries. Former positions include: Managing Director of Polygram Films U.K, Chairman of Charisma Music & Films, Deputy Chairman of the Robert Stigwood Organization and a director of it's music publishing company, Director of Polygram U.K, and Head of Legal Affairs for London Weekend Television."
And what experience does he have for the resource industry??????NOTHING!
Furthermore: (from News blaze)
Karrington Holdings Corp. Announces Major Joint Venture Contract
Karrington Holdings Corp. (OTC: KRGH), announced today that the founder and CEO of the company, Mr. R. Revell Murphy, has successfully completed contract negotiations in Prague with the signing of a Joint Venture Agreement with PetroAzerbaijan Corp s.r.o.
The signed joint venture agreement gives Karrington Holdings Corp. through PetroAzerbaijan Corp s.r.o., the opportunity to jointly supply fuel product to independent diesel and gasoline stations throughout the Czech Republic. The joint venture agreement provides Karrington with a 50% share of all profits realized with this venture.
The anticipated monthly demand for product through this agreement is in the range of 10,000 tons of gas and diesel fuel, in the approximate ratio of 40% gas and 60% diesel. This demand is expected to increase steadily over the first year to reach upwards of 50,000 tons per month.
Financially, the positive cash flow impact of this agreement on Karrington Holdings is very significant. ($130,000 to $650,000 per month).
Karrington CEO, Revell Murphy was quoted saying, "This agreement and the resulting major monthly profits to our company reflect the results of having senior management here in Prague to provide Karrington with hands-on daily involvement in successfully completing and financing transactions such as this in the newly emerging free enterprise market that we see in the Czech Republic."
This contract represents a multi-million dollar opportunity for Karrington through PetroAzerbaijan to realize a steady ongoing positive cash flow as a result of this secured joint venture agreement to supply fuel requirements for the automobile market throughout the entire Czech Republic.
For further information, please contact Mr. R. Revell Murphy at +420.731.850.293.
Notice the phone number is the same.....hmmmmm.
And where is the money? Show me the money!
Worldwide Energy adds $15 million in proven oil reserves
September 18, 2006 Filed Under: Mining Services, Mining Stocks, Oil and Gas
Worldwide Energy Corp. has announced results from an engineering report performed by Scicorp for the two Oil and Gas Leases that were recently acquired.
The Thacker lease has 4 wells on 14 acres of land with the lease owned by Worldwide Energy. These 4 wells have approximately 184,676 barrels of primary recoverable oil.
The Thrash lease has 2 wells on 6 acres of land with 49,589 of primary oil.
That brings the total of the two leases to 234,265 barrels of primary recoverable oil. With the recent price of crude oil being around $64 a barrel, the estimated value of the reserves stand at $15 million USD.
Revell Murphy, CEO of Worldwide Energy, stated, “This engineering report is proof of the direction Worldwide Energy is heading. We are excited to continue building value for our shareholders and plan on pursuing other leases in the Lake Caddo Parrish with even larger reserves.”
Other:
Business Categories
Oil & Gas Exploration & Develo in Carson City, NV
Support Activities For Oil & Gas Operations
Czech Republic Resource Corp Business InformationClaim This ProfileCzech Republic Resource Corp is a private company categorized under Oil and Gas Exploration and Development and located in Carson City, NV. Current estimates show this company has an annual revenue of $500,000 to $1 million and employs a staff of approximately 1 to 4.
1-4 employees??? Annual revenue of 500,000-1,000,000?
The submit button does not work for the information page on the website! |
spammers not welcome!  |
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stock market game on the web. At eInvesting you compete for monthly cash prizes while you interact, make virtual dollars, purchase items, and trade in the realistic stock market simulator. We make investing FUN!
