Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Gen III Oil Corporation V.PGK

"GEN III Oil Corp operates as an oil processing company in Canada. The concern owns the ReGen re-refining technology. It provides the ReGen technology which re-refines used motor oil (UMO) to produce Group III base lubricating oil (synthetic grade oil) in marketable quantities. Group III base lubricating oil sells for approximately 50% more than current re-refinery produced Group II products. The company's ReGen process utilizes common technologies in use throughout the world, but in a configura


TSXV:PGK - Post by User

Post by AuntiePennyon Feb 18, 2014 2:30pm
186 Views
Post# 22221215

Deliberate Bankruptcy?

Deliberate Bankruptcy?
Anybody here know bankruptcy law? Let's say we have 2 exploration companies, Company X and Company Y, owned/managed by the same people or by people with a collective interest. Company X makes a huge discovery and spends millions drilling but never does a 43-101. Company Y lends Company X a few dollars. Management then deliberately bankrupts Company X and Company Y claims the huge discovery (which has no established 43-101 value) against its loan to Company X. Would this scam work?
<< Previous
Bullboard Posts
Next >>