Swiss "investment bank" cannot be found (10/22)
Energy Exploration Technologies said it signed an agreement with Ravilon Finance Ltd. of Geneva under which Ravilon will provide it with most of its capital needs over the next 18 months.
The Canadian company said Ravilon is a Swiss-based investment banking firm which has raised over $1 billion for public companies.
However, there is no company called Ravilon Finance Ltd. in Switzerland.
A website at www.ravilon.com is under construction. Its registered owner is Ian Piper of Hatton, Warwickshire, in the UK.
Earlier this year, Trezac International Corp. said it had agreed to a $3.1 million funding package from Ravilon Finance Ltd., which it described as "a Geneva-based full-service investment bank".
There is no such bank.
Both Energy Exploration Technology (NXT) and Trezac International (TRZA) are "penny stocks" traded on the US over-the counter market.
NXT is a Nevada-registered company which operates from Calgary, Alberta, and says it can locate oil and gas deposits from the air by measuring "energy fields". In the first half of this year, it had no operating revenues. Its chairman, chief executive and largest shareholder is George Liszicasz, who is described as the inventor of the technology (known as SFD or "stress field detector") and appears to be of Hungarian origin.
TRZA says it operates in Moldova. The company moved its head office from Denver, Colorado, to Orlando, Florida, this month and replaced its management, according to regulatory filings. Paul Taylor was apparently ousted as head of the company by Iurie Bordian and new management rescinded share issues to "consultants" Harvey Goralnik, John Hopf, Sir Christopher Thompson, Collin Hill and Olessa Grosu. |
