The pump and dump of Empire Petroleum coming to an end?
Phil’s family members with their offshore companies obviously sold huge numbers of shares in the run-up. He did the same with InterOil. Don’t forget Mulacek hid millions of shares offshore and pushed the shares of IOC to 100 while constantly selling.
Then in 2013 the board fired him for cause and in 2017 a full four years later, Exxon bought the company for $50 per share. Not to forget Kina Petroleum listed in Australia which Mulacek controlled. It’s stock went down 90% before Phil delisted it