Post by
KingOfSpades on Jul 05, 2022 9:33am
Mulacek /stock promotion / lawsuits
In 2017 Mulacek and his family, including Gerard Jacquin, the cousin living in France, and friend Lasco, took control of Kina Petroleum, listed on the Australian Stock Exchange. Was the same shareholder list as Empire. In 2020 Mulacek delisted Kina from the exchange and moved it to BVI, where no authorities can check on him. Kina went down 90% before delisting. Mulacek controls several entities in that tax haven. Is this the future for Empire also?
Again why was Phil Mulacek forced to quit as CEO of IOC (of which he is apparently so proud) by their board in 2013? What skeletons in that cupboard did the board discover? He drilled five unsuccessful wells before Antelope and the second well drilled was a duster. In 2016 Mulacek and his cousin Gerard Jacquin (largest shareholder in Kina Petroleum and EMPR), a french resident, sued Exxon to thwart the takeover of IOC and they proposed an alternate board - but 92% of shareholders voted in favour of Exxon
Remember, Form S8 filed by EMPR last November 24th indemnified all directors from any civil or criminal complaint filed against them and says the Company will advance legal fees and expenses. Does Empire anticipate any lawsuits? Why should shareholders pay for that?!
A quick google search for "phil mulacek lawsuit" is enough for anyone to see that Phil Mulacek is embroiled in numerous ongoing and major lawsuits around the world in jurisdictions including the USA and Singapore. As you will see this now comprises a large number of defendants including several of his relatives
See any disclosure about this given he is a director of Empire Petroleum? None whatsoever. At the same time he continues to covertly control the company, its share price and the trading in its stock by orchestrating circular trades through his family & associates, their front companies and nominees (not least his son's fund Energy Evolution which invests almost all its capital in the company)
How long will the SEC and FBI go to sleep on this one? Until the 'dump' stage of this operation perhaps