Phil Mulacek controls Empire Petroleum with family holdings So Phil Mulacek has 17.72% of Empire Petroleum, PIE (controlled by Phil) has 2.28%, Sterling Mulacek (Phil’s son) has 1.77% and Energy Evolution Fund (managed by Sterling) has 26.73%. This all adds up to 48.5%
Add in nephews Alain and Marc and cousin Gerard Jacquin and Christian Vinson and sister Michelle (see selling shareholder statement) and you are way above 50%. Phil controls this company which is just what he did with Kina Petroleum before it lost 90%
Following this uplist everyone’s warrants are exercisable and now they are heading for the exits….watch the price dump