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Microcap & Penny Stocks : Adair Intl. Oil and Gas (AIGI) -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (555)	6/21/1999 12:25:00 PM
From: Lazarus	Read Replies (1) \| Respond to of 769

Why I dont trust AIGI #1. If you look on their website you will notice that they dont have any of the old news releases from last year....and my recollection is there were MANY. The reason being is that to my knowledge they NEVER did any of the things they announced...if they did do the great things they said they were going to do in the past...the stock price would not have gone to .04. Personally, I think this news release will go the way of the former ones. #2 From last years glossy and which mentioned previously on the thread long ago. "Adair Oil and Gas, Inc (the "Company") was originally incorporated in the state ot Texas on November7, 1980 as Roberts Oil and Gas, Inc. The name of the Company was changed to it present name pursuant to an amendment of its articles of incorpartion effective July 25, 1997. "IN Feb 1997, the company entered into an agreement with Geopozos, S.A. (Geopozos) pursuant to which it agreed to issue shares of its common stock to Geopozos....blah blah blah In connection with the aquisition of the assets, in March of 1997 the Company entered into an agreement with ROGI international, a company incorporated under the laws of Panama, (the ROGI International Agreement) pursuant to which the company agreed to issue to issue, as required by the Geopozos Agreement, 2,000,000 shares of its common stock to persons or entities as directed by Geopozos and 4,000,000 shares of its common stock to persons or entities as directed by ROGI International in exchange for the assets being aquired." So in 1997 when their stock was trading at around 2 bucks they changed their name to ADAIR ... meanwhile they issue 4,000,000 shares to a company called ROGI in Panama - which happens to sound alot like the old Roberts Oil and Gas Inc ... to me. Also from the glossy: *"Since 1997 the Company has made numerous changes in its operation and the focus of its business."* Oh, there is another little thing mentioned in the glossy about BENEFICIAL OWNERSHIP AND REPORTING COMPLIANCE. Cant tell you if has any significance but it does say that John W. Adair, Jalal Alghani and Earl K. Roberts each failed to file five reports on Form 4 during the last fiscal year concerning five transactions each in restricted stock received as compensation by each of them from the company Anyway, I am not suggesting that I know anything about this stuff. I am just a beginner. The stock can do very well from here - just because. But in the end - the chickens will come home to roost. Lazarus