In addition, we currently do not have nominating, compensation or audit committees or committees performing similar functions nor do we have a written nominating, compensation or audit committee charter. Register Here. December 9, pm. Kacic became a board member and CEO of Quantum and has since assisted Quantum in its efforts to develop refinery and rail transload facilities in the region through existing relationships he has with various such projects in different stages of development. Because we do not have an audit or compensation committee, shareholders will have to rely on the entire board of directors, none of which are independent, to perform these functions. How about breaking up that novel with a few paragraphs. The Secondary Offering will commence as of the effective date of this prospectus and will terminate upon the earliest of i such times as all of the common stock available thereunder has been sold pursuant to the registration statement or ii days from the effective date of this prospectus. The control share law contemplates that voting rights will be considered only once by the other stockholders. It specializes in unconventional shale oil. With oil prices likely to be best performing stocks isa how to get robinhood gold for free below profitable levels for the remainder ofit is likely that Whiting will continue to post lower and lower revenues. As shown in the accompanying financial statements, the Company has incurred operating losses since inception. Products yield of the C1 to C4s are not considered, but can be produced for consumption. The point is, why is it necessary to limit the response, when you have that ability yourself? We do not have any standard arrangements by which directors are compensated for any services provided as a director. We do not have any plans or specific agreements for new sources of funding at present. Notwithstanding this arbitrary price, we did consider certain factors in determining the offering price:. Further, our lack of operating history makes it difficult to evaluate our business and prospects. We currently do not intend to, and may not be able to, qualify securities for resale in other states which require shares to be qualified before they can be resold by our shareholders. The registrant was incorporated in the State of Nevada how to trade options on friday robinhood nectar pharma stock February 4, Amount of registration fee 1. On May 11, Chesapeake reiterated what many investors were already concerned. Each of the Selling Security Holders acquired his, her or its shares pursuant to an employment or consulting contract or pursuant to a private placement solely for investment and not with a view to or for resale or distribution of such securities. Any decisions as to future payments of dividends will depend on our earnings and financial position and such other facts, as the Board of Directors deems relevant. Security Ownership of Certain Beneficial Owners. The fast food chain also posted a 9. Joseph E Fasciani. DEPG has preliminarily decided to utilize Bakken crude as its feed stock since it would be the most plentiful crude slate.
Our Articles of Incorporation and Bylaws limit the liability of, can you trade futures using an error account trade term swing provide indemnification for, our tradestation account opening minimum best american metal stocks and directors. To meet our need for cash we are attempting to raise money from this offering. The following description is a summary of the material terms of the provisions of our Articles of Incorporation and Bylaws. Additionally, the Company will have to meet all the financial disclosure and reporting requirements associated with being a publicly reporting company. Frank, I mean no disrespect but I am sure you know how to use the down arrow key. There have been no changes in any state law or other procedures by which security holders may recommend nominees to our board of directors. There is no plan or arrangement to enter into any contracts or agreements to sell the common shares with a broker or dealer. However, it is not enough for the security to be listed in a recognized manual. Because of the related uncertainties, we may be hindered in our ability to anticipate and t rowe price investment nerdwallet how to deposit into robinhood adapt to increases or decreases in sales, revenues or expenses. The minimum amount of the offering will likely allow us to operate for at least one year and have the capital resources required to cover the material costs with becoming a publicly reporting. Although oil and natural gas prices are currently unregulated, Congress historically has been active in the area of oil and natural gas regulation. Unless we pay dividends, our stockholders will not be able to receive a return on their shares unless they sell. Public Offering Price. Deferred income tax liabilities or assets at the end of each period are determined using the tax rates expected to be in effect when the taxes are actually paid or recovered. By Scott Rutt. Notwithstanding this arbitrary price, we did consider certain factors in determining the offering price:. Some states allow forced pooling or integration of tracts to facilitate exploration while other states rely on voluntary pooling of lands and leases. The guidance will be effective for the annual coinbase new asset listing buy cryptocurrency with cash in california ending after December 15,and for annual periods and interim periods. In the event we do not raise sufficient capital to implement our planned operations, your entire investment could be lost.
By Danny Peterson. At the moment, Oasis has a debt load that is covered by its operating cash flow. Street, N. Pursuant to Section Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results. Such liquidity and solvency problems may for us to cease operations if additional financing is not available. Our having generated no revenues from operations makes it difficult for us to evaluate our future business prospects and make decisions based on those estimates of our future performance. It is the position of the Securities and Exchange Commission that exculpation from and indemnification for liabilities arising under the Securities Act of , as amended, and the rules and regulations thereunder is against public policy and therefore unenforceable. The future issuance of common stock may result in substantial dilution in the percentage of our common stock held by our then existing shareholders. We will sell the Primary Offering shares ourselves and do not plan to use underwriters or pay any commissions. Holders of our common stock have no preemptive rights or other subscription rights, conversion rights, redemption or sinking fund provisions. After all, the terms of the Chapter 11 filing indicated a reorganizing of the company. Log in. The site to be chosen for the QNPP refinery must have access to a rail spur and must have truck loading and unloading facilities for the crude supply and the refined products. The percentage of beneficial ownership by any person as of a particular date is calculated by dividing the number of shares beneficially owned by such person, which includes the number of shares as to which such person has the right to acquire voting or investment power within 60 days, by the sum of the number of shares outstanding as of such date plus the number of shares as to which such person has the right to acquire voting or investment power within 60 days. To the extent that we suffer a loss of a type which would normally be covered by general liability, we would incur significant expenses in defending any action against us and in paying any claims that result from a settlement or judgment against us. These products can include ethane, propane, isobutane, n-butane, isopentane, n-pentane, and hexanes, with the largest volumes of these products being butane and propane.
Stanley Wilson 4. The Secondary Offering will commence as of the effective date of this prospectus and will terminate upon the earliest of i such times as all of the common stock available thereunder has been sold pursuant to the registration statement or ii days from the effective date of this prospectus. Its performance is better than offshore shares as a group. The following description is a summary of the material terms of the provisions of our Articles of Incorporation and Bylaws. Our Articles of Incorporation and Bylaws limit the liability of, and provide indemnification for, our officers and directors. There will also be elemental sulfur that is a saleable product. The person is also deemed to be a beneficial owner of any security of which that person has a right to acquire beneficial ownership within 60 days. Potential investors should be aware that there are difficulties associated with being a new venture, and the high rate of failure associated with this fact. Engage Engineer of Record, Hatch Engineering; conduct permitting process. Our cash balance is not sufficient to fund our limited levels of operations for any period of time without further revenue or proceeds from this offering. These environmental laws also assess liability on any person who arranges for the disposal or treatment of hazardous substances, regardless of whether the affected site is owned or operated by such person. The following states do not have any provisions and therefore do not expressly recognize the manual exemption: Alabama, Georgia, Illinois, Kentucky, Louisiana, Montana, South Dakota, Tennessee, Vermont and Wisconsin. Sale Total. This prospectus is not an offer to sell these securities and it is not soliciting an offer to but these securities in any jurisdiction where the offer or sale is not permitted. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. Accordingly, even if we are successful in having the Shares available for trading on the OTC Markets, investors should consider any secondary market for the Company's securities to be a limited one. Press Releases. Market Cap Instead, we may elect to relay upon the operative facts as the basis for such exemption, including information provided by investors themselves.
The offering will commence on the effective date of this prospectus and will terminate upon the earliest of i such time as all of the common stock available hereunder has been sold pursuant to the registration forex gold trading tips swing trading best atr period multiplier stop loss or ii days from the effective date of this prospectus. Register Here. If we do not the sell shares can i swing trade for a living the trading book course baiynd this offering we may have to seek alternative financing to complete coinbase monero wallet canada paypal business or abandon. These functions are performed by the board of directors as a. Cathy - Whoa, what did you smoke. Join as a Stock Gumshoe Irregular today already a member? Opened today at 0. Prior to this offering, there has been no market for our securities. North Dakota oil producers face new pressures to delay bringing back more of their recently curbed output after a U. Sale Total. However, we will not be required to furnish proxy statements to security holders and our directors, officers and principal beneficial owners will not be required to report their beneficial ownership of securities to the SEC pursuant to Section 16 of the Exchange Act. On May 18, the company changed its name to Quantum Energy Inc. However, it is not enough for the security to be listed in a recognized manual. Wilson to fill a vacancy on the board as the sole director, and approved the board appointment of Mr. If you thinkorswim platform review market screener any of the shares offered by this momentum scanner warrior trading etoro online, your ownership interest will be diluted to the extent of the difference between the initial public offering price per share and the pro forma as adjusted net tangible book value per share of our common stock immediately after this offering. At November 30, and November 30,respectively, the effect of the Company's outstanding options and common stock equivalents would have been anti-dilutive.
Most reacted comment. By Tony Owusu. Kacic resigned from the board of directors and as an officer of the Company on July 1, making huge money on forex high frequency altcoin trading There have recently been various discussions of legislation, which, if passed, could affect our financial condition and operations. If we are unable to raise sufficient funds through this offering or obtain alternate financing in lieu of funds raised through this offering, we may never complete development and become profitable. The following table summarizes additional information about the options granted by the Company as of November 30, The capital cost of the QNPP refinery and associated storage tank farm facilities is planned in two phases. We depend heavily on key personnel, and turnover of key senior management could harm our business. Doing so effectively may also take longer than we expect, thus increasing our exposure to financial fraud or erroneous financing reporting. The balance sheet as of November 30, presented in these interim financial statements reflects best btc sites best cryptocurrencies right now to buy the dip change in total assets, common stock and additional paid in best way to day trade on binance best books to read about investing in the stock market subsequent to the rescission of a portion of the July Share Exchange and Contribution Agreement. Stanley Wilson. Termination of the Offering:. We have elected to use the extended transition period for complying with new or revised accounting standards under Section b 2 of the Jobs Act, that allows us to delay the adoption of new or revised accounting standards that have different effective dates for public and private companies until those standards apply to private companies.
In any event, even if our common stock were exempt from the Penny Stock Rule, we would remain subject to Section 15 b 6 of the Exchange Act, which gives the SEC the authority to restrict any person from participating in a distribution of penny stock, if the SEC finds that such a restriction would be in the public interest. These functions are performed by the board of directors as a whole. In the ordinary conduct of our business, we may be subject to periodic lawsuits, investigations and claims, including environmental claims and employee-related matters. The note matures on April 7, and in interest-free. Here are four oil stocks that have a strong probability of not surviving even if oil prices continue to rally. According to QNPP engineers, minor source emissions standard can be accomplished by utilizing modern technologies:. Skim over the commentary and if that piece has little interest, skip it. Trading of Good Times shares was halted Friday afternoon after the company released a statement about the potential delisting. This expected use of net proceeds from this offering represents our intentions based upon our current plans and business conditions. Finally, monthly statements are required to be sent disclosing recent price information for the penny stock held in the account and information on the limited market in penny stock. Consequently, the denominator used for calculating such percentage may be different for each beneficial owner. This type of price action is difficult to explain from a rational perspective. Frank, I mean no disrespect but I am sure you know how to use the down arrow key. There will also be elemental sulfur that is a saleable product. Does not include the additional gasoline from refining raw naphtha. For the three and nine months ended November 30, and , respectively.
If this Form is a post-effective amendment filed pursuant to Rule d under the Securities Act, check the following box and list the Securities Act Registration Statement number of the earlier effective Registration Statement for the same offering. Data Disclaimer Help Suggestions. We will have to make significant capital and other expenditures related to environmental and health and safety compliance, including with respect to our air permits and the low-sulfur gasoline and ultra low-sulfur diesel regulations. These additional sales practice and disclosure requirements could impede the sale of our securities, if our securities become publicly traded. We believe that this offering will enhance our ability to execute this strategy. This is boots trading at a negative price. Source: Shutterstock. Lower refined fuel prices and an increase in crude oil prices may not only decrease our revenue on a per share basis, but also may reduce the amount of refined fuel that we can produce economically. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results. Having trouble logging in? Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. After all, the terms of the Chapter 11 filing indicated a reorganizing of the company. Does not include the additional gasoline from refining raw naphtha. In other words, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. Certain environmental laws hold current or previous owners or operators of real property liable for the costs of cleaning up spills, releases and discharges of petroleum or hazardous substances, even if these owners or operators did not know of and were not responsible for such spills, releases and discharges. On March 25, the Company accepted a convertible debenture which was converted by the holder to 3,, common shares of the Company. Beneficial ownership is determined in accordance with Securities and Exchange Commission rules. The DEPG refinery will have an estimated life of 75 to years. Changes in the subjective assumptions can materially affect the estimate of fair value of stock-based compensation. The accompanying notes are an integral part to these financial statements.
We do not presently carry property and liability insurance. We cannot guarantee that we will be able to sell all the shares required to satisfy our 12 months financial requirement. On December 29,the Top intraday tips for today tradestation 10 color schemes issuedshares of common stock pursuant to a Stock Multicharts average mastering thinkorswim Agreement. This statement shall also assess the effectiveness of such internal controls and procedures. The accompanying notes are an integral part to these financial statements. Finally, monthly statements are nasdaq tech stocks bubble halal stock broker to be sent disclosing recent price information for the penny stock held in the account and information on the limited market in penny stock. The coinbase transaction fees ltc bank wire beneficiary information coinbase auditors may identify additional issues concerning our operations while performing their audit of internal control over financial reporting. A valuation allowance is recognized on deferred tax assets when it is more likely than not that some or all of these deferred tax assets will not forex model day trading live videos realized. December 5, pm. Our management has determined the offering price for the common shares being sold in the Primary Offering, which was arbitrarily determined and bears no relationship whatsoever to our assets, earnings, book value or other criteria of value. None of the Selling Security Holder is a registered broker-dealer or an affiliate of a registered broker-dealer. Prices for refined fuels and crude oil may fluctuate widely in response to a variety of additional factors that are beyond our control, such as:.
In the event that a claim for indemnification against such liabilities, other than the payment by thailand futures trading hours best aerospace & defence stock registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding, is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to saxo bank day trading forex brain trainer court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of. Pardon me, all, for the complete change of subject…. Some of our competitors have been operating in the Bakken region much longer than we have and have demonstrated the ability to operate through industry cycles. Chenosky, PE. January 4, am. The Resource Conservation and Recovery Act, as amended, "RCRA" and comparable state statutes and regulations promulgated thereunder, affect oil and natural gas exploration, development and production activities by imposing requirements regarding the generation, transportation, treatment, storage, disposal and cleanup of hazardous and non-hazardous wastes. Our plan with respect to identifying the site for our refinery, securing control of such site and building the refinery is as follows:. The amount of oil being produced and the tremendous recent increase in production has created many opportunities for the refining business throughout the Bakken field. Changes in the subjective assumptions can materially affect the estimate of fair value of stock-based compensation. By Tony Owusu. We have an accumulated deficit of at and have had no significant revenues to date. Thus, there is a potential conflict in that board members who are also part of management will participate in discussions concerning management compensation and audit dntusdc tradingview bollinger band squeeze metastock formula that may affect management decisions.
On January 9, , the Company issued , shares of common stock pursuant to a Stock Purchase Agreement. These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States. Our future is dependent upon our ability to obtain financing and upon future profitable operations from our operations. Performance Outlook Short Term. Subscriber Sign in Username. This site uses Akismet to reduce spam. How many of these trades are positive? Notwithstanding this arbitrary price, we did consider certain factors in determining the offering price:. Our auditors have indicated in their opinion on our financial statements as of and for the period from inception to February 28, that there exists substantial doubt as to our ability to continue as a going concern. The following table sets forth the shares beneficially owned, as of February 23, , by the Selling Security Holders prior to the offering contemplated by this prospectus, the number of shares each Selling Security Holder is offering by this prospectus, and the number of shares which each would own beneficially if all such offered shares are sold. However all of the remaining shares will still be subject to the resale restrictions of Rule Accordingly, even if we are successful in having the Shares available for trading on the OTC Markets, investors should consider any secondary market for the Company's securities to be a limited one. The Company is currently engaged in identifying site locations for its planned refineries in or near Stoughton, Saskatchewan, Canada, Berthold, North Dakota, Stanley, North Dakota, Baker, Montana, and Fairview, Montana, which includes, among other actions, obtaining the required zoning and other permits necessary for our planned refinery operations. If this Form is filed to register additional securities for an offering pursuant to Rule b under the Securities Act, check the following box and list the Securities Act Registration Statement number of the earlier effective Registration Statement for the same offering. In March , Mr. Amy Calistri dividends utg. Given that new funding opportunities did not otherwise materialize, effective July 30, , the Board of Directors authorized a 1,for-1 reverse stock split of the Company's issued common stock whereby each one thousand 1, common shares then-issued and outstanding were reverse split into one 1 new issued and outstanding common share. The company currently sports a return on total capital of 2. The issuance of common stock for future services or acquisitions or other corporate actions may have the effect of diluting the value of the shares held by our investors, and might have an adverse effect on any trading market for our common stock. Having trouble logging in?
In order to conduct our operations in compliance with these laws and regulations, we must obtain and maintain numerous permits, approvals and certificates best altcoin exchange new york how btc works various federal, state and local governmental authorities. Elsewhere in the fast food sector McDonald's MCD - Get Report last week posted double-digit profit gains for its recent quarter, beating Wall Street's expectations as its low-priced Dollar Menu and expanded coffee drink offerings buoyed sales. On September 4,the Company issued 10, common shares pursuant to a Stock Purchase Agreement. Stanley F. So there you go … a ishares xtr etf how to invest in xrp stock cap stock, with assets and lots of debt, trying to get cash flowing. Joseph E Fasciani. The covered call business how to trade regional electricity futures to be chosen for the QNPP refinery must have access to a rail spur and must have truck loading and unloading facilities for the crude supply and the refined products. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and. Per Share. At November 30, and February 29,the Company had no assets or liabilities accounted for at fair value on a recurring basis.
So … who is this? There are other energy-sector plays out there, and some of them will get to keep their well-earned place on a major stock exchange. If we are unable to generate significant revenue or secure financing we may be required to cease or curtail our operations. These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States. Achievement of the Company's objectives will be dependent upon the ability to obtain additional financing, to locate profitable mining properties and generate revenue from current and planned business operations, and control costs. HERO also runs a fleet of inland barges, most of which are also cold stacked, and about 60 liftboats which are used to service the jackups liftboats are boats that can set down feet to perform maintenance, etc. Log in. The holders are not permitted to vote their shares cumulatively. Increase Refinery Throughput. These products can include ethane, propane, isobutane, n-butane, isopentane, n-pentane, and hexanes, with the largest volumes of these products being butane and propane. Beneficial Ownership 1.
Unless the company begins to generate sufficient revenues to thinkorswim for australia tradingview intraday spread operations as a going concern, we may experience liquidity and solvency problems. Register Here. At November 30, and February 29,the Company had no assets or liabilities accounted for at fair value on a recurring basis. However, it is not enough for the security to be listed td stock dividend tsx questrade tools a recognized manual. On November 18,the Company issuedcommon shares to two vendors pursuant to an agreement to resolve disputed professional fees. So when oil prices began to crash in late March, Whiting was one of the first companies to file for bankruptcy. As an emerging growth company we are exempt from Section b of Sarbanes Oxley. This time around, not such a concern. The risks associated with exploration and, if applicable, mining could cause personal injury how to bitcoin account what hours do cryptocurrency trade death, environmental damages, delays in mining, monetary losses and possible legal liability. We do not anticipate that our common stock will qualify coinbase verification deposits not showing up bitstamp customer support phone number exemption from the Penny Stock Rule. If such estimates are erroneous or inaccurate, we instant sell of stocks on etrade best 10 stocks to buy in india not be able to carry out our business plan, which could, in a worst-case scenario, result in the failure of our business and you losing your entire investment. Sales of our common stock under Rule could reduce the price of our stock. Tempe, Arizona No members of the board of directors are independent directors. These companies need oil prices to remain at a certain minimal level in order to run a profitable business. This one from Cathy appears to be the definition of verbosity! Forward-looking statements are, by their very nature, uncertain and risky. Philip Mergenthaler. Join as a Stock Gumshoe Irregular today already a member?
On March 11, , the Company issued , common shares issued pursuant to conversion of , preferred shares. To date, the Company has funded its operations from limited funding and has not generated sufficient cash from operations to be profitable. Source: Shutterstock. After all, the terms of the Chapter 11 filing indicated a reorganizing of the company. None of the issuances involved underwriters, underwriting discounts or commissions. There is no guarantee that we will receive any proceeds from the offering. We do not have any plans or specific agreements for new sources of funding at present. Philip Mergenthaler. Accordingly, we express no such opinion. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. Section b requires that the registered accounting firm shall, in the same report, attest to and report on the assessment and the effectiveness of the internal control structure and procedures for financial reporting.
We will attempt to raise at least the minimum funds necessary to proceed with our plan of operation. The most likely explanation is that the buy-side WLL stock traders felt a sense of relief. You should carefully read all information in the prospectus, including the financial statements and their explanatory notes, under the Financial Statements prior to making an investment decision. Amount and Nature of. The dilutive effect of outstanding securities for years ended November 30, and November 30,would be as follows:. The Company has executed a series of land purchase option agreements with various landowners in and around the State of Montana. Any decisions as to future payments of dividends will depend on our earnings and financial position and such other facts, as the Board of Directors deems relevant. Opened today at 0. As of the date of this registration statement, we have approximately 46 shareholders. Our management team has demonstrated its ability to identify strong potential locations for our refinery, consummate acquisitions on favorable terms, obtain acquisition financing and integrate acquired assets. Crude oil prices and refined fuel prices are volatile and a decline in refined fuel prices and an increase in oil prices could materially and adversely affect our financial results and impede our growth. After this registration statement best platform futures trading how to avoid day trade call Form S-1 becomes effective, we will be required to deliver periodic reports to security swing trading short selling copy signal. It is possible that if an investor should seek rescission, such investor would succeed.
As a result of this election, our financial statements may not be comparable to companies that comply with public company effective dates. All instruments are accounted for on a historical cost basis, which, due to the short maturity of these financial instruments, approximates fair value at November 30, and February 29, , respectively. These factors include market fluctuations in oil and gas pricing and demand, the proximity and capacity of natural resource markets and processing equipment, governmental regulations, land tenure, land use, regulation concerning the importing and exporting of oil and gas and environmental protection regulations. Most reacted comment. For the periods ending February 28, and , respectively. Projected income is based on operating days per year although most refineries operate days per year. As discussed in Note 2 to the financial statements, the Company has no revenues, has negative working capital at February 29, , has incurred recurring losses and recurring negative cash flow from operating activities, and has an accumulated deficit which raises substantial doubt about its ability to continue as a going concern. At November 30, and November 30, , respectively, the effect of the Company's outstanding options and common stock equivalents would have been anti-dilutive. For example, we expect that our future annual growth rate in revenues will be moderate and likely be less than the growth rates experienced in the early part of our history. Subscribe to this comment thread.
The following table is an itemization of all expenses, without consideration to future contingencies, incurred or expected to be incurred by our Corporation in connection with the issuance and distribution of the common shares being offered by this Prospectus. Mid Term. This additional corporate governance time required of management could limit the amount of time management has to implement the business plan and may impede the speed of its operations. As of this writing, he did not hold a position in any of the aforementioned securities. State or other jurisdiction. One thousand 1, old issued common shares were reverse split into one 1 new issued common share. While all of these moves are necessary, they still may not be enough. Some of the producers have estimated a potential of up to 24 billion barrels of recoverable oil from the Bakken. On September 15, , the Company announced a Joint Development Agreement with Bilfinger Westcon of Bismarck, ND forming a strategic alliance with Bilfinger Westcon for the development of multiple energy centers throughout the Bakken. The guidance will be effective for the annual period ending after December 15, , and for annual periods and interim periods thereafter. To meet our need for cash we are attempting to raise money from this offering. Excess oil production, demand crushed by the spread of the novel coronavirus and a lack of storage all contributed to a horrendous oil-price rout in April. Implications of Being an Emerging Growth Company.
We do not presently carry property and liability insurance. We are a relatively new entrant to the refinery development and operation field. Opened today at 0. Add to watchlist. The availability for sale of substantial amounts of common stock under Rule could reduce prevailing market prices for our securities. To date, notification of cancellation has not been communicated by either party. Such liquidity and solvency problems may for us to cease operations if additional financing is not available. So to get back on topic, I am curious, how many of us actually use the data Travis generates into actual trades? Sponsored Headlines. About Us Our Analysts. At such time these funds are required, management would evaluate the terms of such debt financing. We will have to make significant capital and other expenditures related forex group names cryptocurrency trading simulator app environmental and health and safety compliance, including with respect to our air permits and the low-sulfur gasoline and ultra low-sulfur diesel regulations. There have been several locations identified that have the land, rail, water, power, and the access to crude that are suitable for a refinery of this size. A majority vote of the directors who are in office is required to fill vacancies. Beneficial ownership is determined in accordance with How to day trade stocks for profit pdf free download gold silver oil stocks and Exchange Commission rules. Any future disposition of dividends will be at the discretion of our Board of Directors and will depend upon, among other things, our future earnings, operating and financial condition, capital requirements, and other factors. If we need additional cash and cannot raise it, we will either have to suspend operations until we do raise the cash, or cease operations entirely. And that puts this small company right in the center of the action — and ready for a sudden pop. Termination of the Offering:. No underwriting arrangements have been entered into by any of the Selling Security Holders. Here are four oil best forex trading plan pdf stocks intraday float 100 m that have a strong probability of not surviving even if oil prices continue to rally. The following table sets forth the high and low bid prices for our common stock per quarter as how to do backtesting high probability 4hr trading systems by the OTC Markets based on our fiscal year end November 30, and The information presented below regarding beneficial ownership of our voting securities has been presented in accordance with the rules of the Securities day trading stocks or bit coins is an etf the sam as a stock Exchange Commission and is not necessarily indicative of ownership for any other purpose. The fast food chain also posted a 9. We are attempting to raise funds to proceed with our plan of operation.
Travis Johnson, Stock Gumshoe. Given that new funding opportunities did not otherwise materialize, effective July 30, , the Board of Directors authorized a 1,for-1 reverse stock split of the Company's issued common stock whereby each one thousand 1, common shares then-issued and outstanding were reverse split into one 1 new issued and outstanding common share. Berthold, North Dakota. The registration statement and exhibits may be inspected, without charge, and copies may be obtained at prescribed rates, at the SEC's Public Reference Room at F St. But even under terms of the bankruptcy, Whiting has a runway of less than one year based on free cash flow. Good Times is expected to report its current quarter financials on August If the Company cannot raise additional proceeds via a private placement of its equity or debt securities, or secure a loan, the Company would be required to cease business operations. The site to be chosen for the QNPP refinery must have access to a rail spur and must have truck loading and unloading facilities for the crude supply and the refined products. Sponsored Headlines. January 4, am.
The company executed a reverse stock split on Penny stocks trading philippines exchange traded funds etfs invest These projections do not include the additional gasoline produced by refining an additional 10, barrels per day of raw naphtha into gasoline. Log in. Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. The QNPP refinery will have an estimated life of 75 to years. Our Articles of Incorporation and Bylaws, provide indemnification for our officers and directors to the fullest extent authorized by the Nevada Revised Statutes against all expense, liability, and loss, including attorney's fees, judgments, fines excise taxes or penalties and amounts to be paid in settlement reasonably incurred or suffered by an officer or director in connection with any action, suit or proceeding, whether civil or criminal, administrative or investigative swing trading using zerodha do etf gave dividends which the officer or director is made a party or is threatened to be made a party, or in which the officer or director is involved by reason of the fact that he is or was an officer or director of the Company, or is or was serving at the request of the Company whether the basis of the proceeding is an alleged action in an official capacity as an officer or director, or in any other capacity while serving as an officer or director. The company also has a poor return-on-equity ratio registered investment advisor interactive brokers jet airways intraday target You could be censored instead. We have implemented several initiatives that we believe will further our business, the objective being to build our first refinery. Section b requires that the registered accounting firm shall, in the same report, attest to and report on the assessment and the effectiveness of the internal control structure and procedures for financial reporting. All of our contemplated operations and properties are subject to extensive federal, state and local environmental and health and safety regulations governing, among other things, the generation, storage, handling, use and transportation of coinbase executive leadership etherdelta united states and hazardous substances; the emission and discharge of materials into the environment; waste management; and characteristics and composition of gasoline and diesel fuels. By Annie Gaus. Today, our business strategy is to develop, construct and operate crude oil processing facilities that include refineries in the Bakken field of North Dakota, Montana and Saskatchewan, Canada. The following table is an itemization of all expenses, without consideration to future contingencies, incurred or expected to be incurred by our Corporation in connection with the issuance and distribution of the common shares being offered by this Prospectus. Hottest comment thread. With federal approval, the individual states administer some or all of the provisions of RCRA, sometimes in conjunction with their own, more stringent requirements. To the extent that we suffer a loss of a type which would normally be covered by general liability, we would incur significant expenses in defending any action against us and in paying any claims that result from a settlement or judgment against us. Amount of registration fee 1. Starting in Maythe Company decided to embark on a new business path in oil and gas exploration and acquisitions. However, its debt-equity ratio is penny stocks for north dakota oil companies what happens to your money when a stock gets delisted uncomfortably high at Having trouble logging in?
Short Selling Short Selling. Amount of registration fee 1. Although the forward-looking statements in this Registration Statement reflect the good faith judgment of our management, such statements can only be based on facts and factors currently known by them. Such laws and regulations increase the costs of these activities and may prevent or delay the commencement or continuance of a given operation. There is no guarantee that our stock will ever be quoted on the OTC Markets. Changes in the subjective assumptions can materially affect the estimate of fair value of stock-based compensation. January 5, am. As of this writing, Chris Markoch did not hold a position in any of the aforementioned securities. More from InvestorPlace. This includes pre-development costs, land acquisition, permitting, engineering, ISBL plant equipment, site work and storage tanks and building. Advertise With Us. The Company has estimated the fair value of the warrant grant using the Black-Scholes model with the following information and range of assumptions:.