Post by citybear59 on Aug 19, 2015 5:42:44 GMT -4
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$ Granny's Kitchen~Todays Special~THE TRUTH ABOUT CMKX/CMKM/NHHI $
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WEBINAR 46 18-08-15 NOTES
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grigorirasputin
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3 hours ago QuotePost Options Post by grigorirasputin on 3 hours ago
WEBINAR # 46
DATE: Tuesday, august 18th, 2015
HOST:CEO Steve Kirkpatrick
ATTENDEES: 57
DURATION: Over 2 hrs 30 mins.
LOG IN LATE. A bunch more was said.
OPTION # 1: We can seat and wait. That´s what we have been doing or we can go to private equity partner for an oil and gas venture before going outside. Oil low prices give tremendous opportunities. Now is the time to get into the oil business. Many people got trapped on the US$100.00 price per barrel. I started to look this industry two years ago… I can tell you there is opportunity out there. They are many deals that we can buy for peanuts comparing the price of two years ago. OPEC keep flooding the market with oil hoping they can bankrupt American oil industry but they (OPEC) may implode themselves. Only KUWAIT has a tiny surplus of oil sale –now-the rest are going against their budget, even Saudi Arabia.
Prices are down, leases and wells can be picked up for less money. Drilling, labor, operation costs are cheap now.
Should we offer our shareholder base or we go private?
REG D is a low cost fundraising way. We are at a situation where we can do a REG D offer. A REG D is limited to raise up to US$1´000,000.00 (one million dollars) with multiple investors. If shareholders so not want to do it, we are not going to do it. If we do it via shareholder we will do a REG 504. I would like to do a 506 C unlimited raising. We can offer 504 to our shareholder via webinar and/or webpage. If so, the fundraising can be up to US$1´000,000.00 but we do not need that amount of money, we need less.
Let´s assume we will do a RULE 504 offering, We have to find out a minimum unit. Could be $1.00 –I don´t think that will be the minimum unit-- $10, $50, $100. (…) This is your company, I own only 2’000,000 shares, most people has more shares than I do. This is your company, I want to turn this company into something of value. If people want to do it and we raise enough funds we will have move forward. If not, we will keep seat down and wait for next recovery.
If we bring outside investors, we are not going to dilute the company. Anyways, there is nothing to dilute. The company worth US$0.00. “Urban Cassavant hoped Kevin West will go to attorney Moran to file bankruptcy and it did not happen”. That´s why we are here.
If we do a RULE 504 , there will be NO dilution, it will be under NHHI structure.
If we go 506 C we will not be diluted, it will be under an LLC and we will receive money. 506 C requires time and money to promote the deal and attract investors.
I really do not want to use 100 billion worthless shares that we have in treasury.
504 EQUITY STRUCTURE:
We offer investors-shareholders 50% stake for putting the money 4 to 5 years and a 50% will be given to NHHI, it will be a free gift. EXAMPLE.- [Didn´t catch much] US$50,000 deal… we can buy a 2 barrel per day well for US$10,000.00. We can turn production to 5 barrels per day (…) This investment or any investment you should make if you can also afford to lose the money. I do not expect you lose money. You can lose your money, get a slow return or a better return.
On most of these deals I see a profit even on US$20.00 price per barrel. Deals I see make money at US$20.00 p.p.b.
MID TERM BENEFIT:
We are building a track record of profit, creating ability to attract investors(…) Eventually, I would like to own our drills for us and drill for others.
BRIEF SURVEY (54 attendees)
Q: Who would really like to invest on this business?
A: 18 yes 36 no
Q: If we get all numbers ready who prefer debt structure (monthly pay)?
A: 11 yes 43 no
Q: How many prefer equity structure?
A: 29 yes 25 no
Q: How many prefer to be a lender instead of investor (monthly pay regardless profitability of well)?
A: 5 yes 49 no
QUESTIONS:
COMET007-1
Q: Market are complex… economies going down to the drain…
A: I am not the operator, I am not partner of the operator, I know the operator. We can´t be anymore transparent. All this conversation is theoretical. We don´t have to hire an accounting firm on this deal. I don´t operate the oil field because I do not have the experience.
TRUTH SHALL SET U FREE
Q: (unable to listen question)
A: Too many people had shares that they did not deserve. I am not going to issue shares to investors. I am going to let seat treasury shares where they are. Judgements debtor appeal but assets still waiting to be executed.
DUCE 1964:
Q: Equity position is a great idea. There is an obvious collectability on the judgement. Equity structure payments will be quarterly, annually?
A: There is collectability on judgements. We have a quite number of collectible judgements. Equity structure investors will get a monthly payment. You will be buying 50% of a well, investors need to be pay monthly.
SANMIA:
Q: How many wells ready to produce? How many barrels in the area are being extracted per day? (…)
A: They own 16 leases and 88 wells. They had a partner which was kicked out for stealing. Owners are on real estate business –not paying much attention to this 240 acres oil land- They are billions of oil barrels under the Wagner ranch. All wells have equipment. Few wells pump oil. Energy was shut down on January. We need to get a disposal well.
GRIGORI RASPUTIN:
Q: Are we going to do our 2015 tax return on april or a couple of months before? I know you can´t discuss about the Wells Fargo settlement; I have heard about US$10,000.00 oil deal, another US$50,000 oil deals. Since we received money from Wells Fargo, we don´t have US$50,000.00 in our bank account?
A: 2015 tax return will be filed on April 15th 2105. Can´t reveal anything about Wells Fargo, wait to read 2015 income tax sheet. We also need to have money in our bank account to run the company. I am not going to put more money from my pocket.
NOTE: More questions were made but I had to go. I was log off by the time Steve gave the final words.
THE END.
Last Edit: 3 hours ago by grigorirasputin
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$ Granny's Kitchen~Todays Special~THE TRUTH ABOUT CMKX/CMKM/NHHI $
General Board
WEBINAR 46 18-08-15 NOTES
Reply
WEBINAR 46 18-08-15 NOTES
Actions
« Prev1Next »
grigorirasputin
*Diamond*
********
grigorirasputin Avatar
Posts: 731
3 hours ago QuotePost Options Post by grigorirasputin on 3 hours ago
WEBINAR # 46
DATE: Tuesday, august 18th, 2015
HOST:CEO Steve Kirkpatrick
ATTENDEES: 57
DURATION: Over 2 hrs 30 mins.
LOG IN LATE. A bunch more was said.
OPTION # 1: We can seat and wait. That´s what we have been doing or we can go to private equity partner for an oil and gas venture before going outside. Oil low prices give tremendous opportunities. Now is the time to get into the oil business. Many people got trapped on the US$100.00 price per barrel. I started to look this industry two years ago… I can tell you there is opportunity out there. They are many deals that we can buy for peanuts comparing the price of two years ago. OPEC keep flooding the market with oil hoping they can bankrupt American oil industry but they (OPEC) may implode themselves. Only KUWAIT has a tiny surplus of oil sale –now-the rest are going against their budget, even Saudi Arabia.
Prices are down, leases and wells can be picked up for less money. Drilling, labor, operation costs are cheap now.
Should we offer our shareholder base or we go private?
REG D is a low cost fundraising way. We are at a situation where we can do a REG D offer. A REG D is limited to raise up to US$1´000,000.00 (one million dollars) with multiple investors. If shareholders so not want to do it, we are not going to do it. If we do it via shareholder we will do a REG 504. I would like to do a 506 C unlimited raising. We can offer 504 to our shareholder via webinar and/or webpage. If so, the fundraising can be up to US$1´000,000.00 but we do not need that amount of money, we need less.
Let´s assume we will do a RULE 504 offering, We have to find out a minimum unit. Could be $1.00 –I don´t think that will be the minimum unit-- $10, $50, $100. (…) This is your company, I own only 2’000,000 shares, most people has more shares than I do. This is your company, I want to turn this company into something of value. If people want to do it and we raise enough funds we will have move forward. If not, we will keep seat down and wait for next recovery.
If we bring outside investors, we are not going to dilute the company. Anyways, there is nothing to dilute. The company worth US$0.00. “Urban Cassavant hoped Kevin West will go to attorney Moran to file bankruptcy and it did not happen”. That´s why we are here.
If we do a RULE 504 , there will be NO dilution, it will be under NHHI structure.
If we go 506 C we will not be diluted, it will be under an LLC and we will receive money. 506 C requires time and money to promote the deal and attract investors.
I really do not want to use 100 billion worthless shares that we have in treasury.
504 EQUITY STRUCTURE:
We offer investors-shareholders 50% stake for putting the money 4 to 5 years and a 50% will be given to NHHI, it will be a free gift. EXAMPLE.- [Didn´t catch much] US$50,000 deal… we can buy a 2 barrel per day well for US$10,000.00. We can turn production to 5 barrels per day (…) This investment or any investment you should make if you can also afford to lose the money. I do not expect you lose money. You can lose your money, get a slow return or a better return.
On most of these deals I see a profit even on US$20.00 price per barrel. Deals I see make money at US$20.00 p.p.b.
MID TERM BENEFIT:
We are building a track record of profit, creating ability to attract investors(…) Eventually, I would like to own our drills for us and drill for others.
BRIEF SURVEY (54 attendees)
Q: Who would really like to invest on this business?
A: 18 yes 36 no
Q: If we get all numbers ready who prefer debt structure (monthly pay)?
A: 11 yes 43 no
Q: How many prefer equity structure?
A: 29 yes 25 no
Q: How many prefer to be a lender instead of investor (monthly pay regardless profitability of well)?
A: 5 yes 49 no
QUESTIONS:
COMET007-1
Q: Market are complex… economies going down to the drain…
A: I am not the operator, I am not partner of the operator, I know the operator. We can´t be anymore transparent. All this conversation is theoretical. We don´t have to hire an accounting firm on this deal. I don´t operate the oil field because I do not have the experience.
TRUTH SHALL SET U FREE
Q: (unable to listen question)
A: Too many people had shares that they did not deserve. I am not going to issue shares to investors. I am going to let seat treasury shares where they are. Judgements debtor appeal but assets still waiting to be executed.
DUCE 1964:
Q: Equity position is a great idea. There is an obvious collectability on the judgement. Equity structure payments will be quarterly, annually?
A: There is collectability on judgements. We have a quite number of collectible judgements. Equity structure investors will get a monthly payment. You will be buying 50% of a well, investors need to be pay monthly.
SANMIA:
Q: How many wells ready to produce? How many barrels in the area are being extracted per day? (…)
A: They own 16 leases and 88 wells. They had a partner which was kicked out for stealing. Owners are on real estate business –not paying much attention to this 240 acres oil land- They are billions of oil barrels under the Wagner ranch. All wells have equipment. Few wells pump oil. Energy was shut down on January. We need to get a disposal well.
GRIGORI RASPUTIN:
Q: Are we going to do our 2015 tax return on april or a couple of months before? I know you can´t discuss about the Wells Fargo settlement; I have heard about US$10,000.00 oil deal, another US$50,000 oil deals. Since we received money from Wells Fargo, we don´t have US$50,000.00 in our bank account?
A: 2015 tax return will be filed on April 15th 2105. Can´t reveal anything about Wells Fargo, wait to read 2015 income tax sheet. We also need to have money in our bank account to run the company. I am not going to put more money from my pocket.
NOTE: More questions were made but I had to go. I was log off by the time Steve gave the final words.
THE END.
Last Edit: 3 hours ago by grigorirasputin
Reply
Related Topics & Stories
More topics from this board
Don't forget Webinar #46 8-18-2015
by mrbig
Are shares still good
by john
People need to understand
by granny2shoes
What Is It Worth To You? Man In The Mirror!
by winvestor
Rumors and everything else
by granny2shoes
Click here to remove banner ads from this forum.
This Forum Hosted For FREE By ProBoards
Get Your Own Free Message Boards & Free Forums!
Terms of Service | Privacy Policy | Notice | FTC Disclosure | Report Abuse | Mobile | Advertise Here
Switch to the Mobile Version.
Read more: tfant53.proboards.com/thread/10217/webinar-46-18-08-notes#ixzz3jFi3kfD0