RE: 3 companies share 1 brain?It's not terribly unusual for CEO's of 1 to be Directors of another and perhaps several others, also for those companies to interact. Sometimes another company invests a lot and as part of the deal have someone appointed as a director. Somewhat to look over things.. This works great with companies that have upstanding Directors, etc. but I share others cynicism as to whether or not these guys are legit, and I believe( like everyone else in the business) they do want to hit something and even make shareholders some money and maybe they will one day, but seems more and more likely they aren't usually on the up and up and inflate things only to let down the shareholders, while enriching themselves on the backs of investors as someone just commented about before me. On several occasions they have blatantly paid each other out while seemingly withholding bad news until they can sell their shares first. I have seen companies do share cosolidations and not need another for 10 years, yet these guys seem to need money all the time and consolidate and change their name on a regular basis and it seems they aren't getting value for whatever it is they are supposedly spending their money on. The new digs in Tanzania - one company hits it big there and every company with a bad rep it seems wants to buy there now, so just laughed when I saw that news the other day. I was burned the first time during a consolidation after I bought years ago but penny flipped back into the green, eventually I sold and moved on especially when their share numbers go up, but ended up with an odd amount of shares so they are still on my watch list for a penny flip (might be one comeing right up) or the magical day that those few odd shares become worth something. Beware because the stock will go up and all the insiders will sell and then the stock will go down and then they will announce another consolidation as history repeats itself.
Your other question, about the Oil Co. I believe they did do that and that was their excuse for not filing their financials and supposedly the reason for the long halt a whle back. I know the paperwork they may have had to deal with but really they might just get a small cut of whatever money made there and wouldn't get excited too much about them having a piece its minor at this point. Depends on the property I suppose and like I said I havent held any shares worth worrying about so didn't really read up on that deal - you can find the details on SEDAR I assume you are looking there already. Oh and they have a long history of not filing their financials on time or at all or changing accountants and them re-filing many months worth and I didn't bother checking but probably nothing like the first set LOL. So they get halted and I think that is part of their plan for stalling SH, plus I wouldn't trust them to file insider trades on time either, which was lowered from 10 to 5 days recently.
Sometimes you can find great stocks by checking out who was a director or insider at sucessful companies that were bought out and who direct at other successful companies and see what their new property or company they have joined is and keep an eye on it for the right time. I'm not following any of these guys except for my "do not bother" or "watch for pumpanddump" lists.