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Gold/Mining/Energy : Ness Energy International -- Ignore unavailable to you. Want to Upgrade?

To: wonk who wrote (11)	8/18/1999 7:42:00 AM
From: John Sladek	Read Replies (1) \| Respond to of 364

Wonk, I only had a few minutes to look at the earlier 10K myself. Thanks for the updated 10K. I've only had a few minutes to look at this as well. They filed an 8-K for the change of control in Jan, 1998. sec.gov The info here, appears to the be the same as the info from the earlier 10K that I posted. From the recent 10K, the auditor expresses concern about the company continuing as a going concern without additional funds: The financial statements have been prepared on a going concern basis, which contemplates realization of assets and liquidation of liabilities in the ordinary course of business. Since the Company is in the development stage, it has limited capital resources, insignificant revenue and a loss from operations. The appropriateness of using the going concern basis is dependent upon the Company's ability to obtain additional financing or equity capital and, ultimately, to achieve profitable operations. The uncertainty of these conditions raises substantial doubt about its ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. Which is as I said earlier - where are they going to get money from ? Also, from the Kit Karson thread in 26-Jun-98, there was a report that there was a merger between Ness Energy and Kit Carson (according to his bio in the 1997 10K, Ness Energy was another of Hayseed Stephens's companies). #reply-5035711 I heard they're merging with Ness Energy this weekend. They are drilling a 30,000 ft well in Isreal. Sounds like good news if you own the stock. The guy that told me new yesterday but mentioned it to me tonight. From the EDGAR link you provided, it looks like no 8-K has been filed for a takeover of Ness Energy International by Kit Carson. Still, somehow Stephen's new company (KTKC) now has the name of one of his old companies. Also, this is interesting: NOTE 4. RELATED PARTY TRANSACTIONS In June 1998, the Company entered into a series of agreements with a company related through common ownership whereby the related party will provide the majority of the Company's management, general and administrative and facilities. The agreements were effective January 1, 1998 and provide for monthly payments of $3,350. As of December 31, 1998, the Company owed $109,911 under these agreements and for other costs incurred by the related party on behalf of the Company. The related party also collects the net oil and gas revenues from the Company's properties and remits the funds to the Company. At December 31, 1998, the Company was owed $7,347, which has been offset against the accounts payable. As is this: #reply-8034175 Here is the KTKC thread on RB (only 45 posts) which I haven't read all of yet: ragingbull.com ragingbull.com The Bi-Weekly Economic Update reports that the U.S.-based NESS Energy International plans to raise $20 million on American capital markets to finance oil exploration in the southern Sea area. With investment amounting to a total of $31 million, plans are for the drill to reach a depth of 9 kilometers Here is the NESS thread on RB which I also haven't read all of yet: ragingbull.com Some recent posts: ragingbull.com ragingbull.com ragingbull.com ragingbull.com ragingbull.com ragingbull.com The stock is being promoted on "The Prophecy Club" prophecyclub.com prophecyclub.com I wonder what the mathematical probability is that a Christian Preacher would: 1) Be the president of his own oil company; 2) Be acquiring the same oil rig that a Jewish company owns, and to be using it at the same location the geologist was going to drill; 3) Have the long term lease for the exact spot at the lowest point on Earth that for the past 20 years he has said the oil is located; 4) Have almost 20 years ago selected the only spot on the western side of the Dead Sea that is still owned and controlled by Israel today; 5) Be drilling for oil at a location where historically and Biblically large quantities of oil were known to have been; 6) Be drilling at the same location where the Bible promises that the economic lifeblood that once existed in this area will be restored in full; 7) Have a very rare crew that is skilled at drilling to the depths needed to discover this field; 8) Have oil seeping out of the ground at the location he is going to drill at; 9) Have identified Biblical verses promising that oil will be discovered all while associated and nearby verses have already been fulfilled; 10) Have Equal Distance Letter Sequence Codes in the Bible say his company will discover oil for Israel; 11) Have two pictures taken over his drilling site eight years apart that show images of God the Father on one and Jesus in the other on the cliffs in the background; 12) Be drilling for oil at a time in World history, that due to Y2K, Israel's and the World's ability to get oil could be seriously degraded; 13) Be drilling for oil in Israel very near their Jubilee Year and on the year that Christians have designated as the Year of God, the Father; 14) Be President of this company whose name means "Miracle" in Hebrew; 15) Be one of the extremely rare men on Earth that would give all his profits when he discovers this oil field back to Israel??? SO WHY DID I WRITE THIS? At approximately 3:45 am, on a December morning in 1997, I heard Hayseed's radio broadcast while I was driving to work. That morning I woke up at 2:45 am from a dead sleep, and for no good reason, had this overwhelming urge to get out of bed and start my day. That has never happened to me before that day or since. A coincidence? Maybe, maybe not. I am certain however, that this oil discovery will take place, so this is for all the scoffers and complete Bible ignoramuses who won't have a clue of the staggering worldwide strategic, geopolitical, and economic implications of this event when it happens! Most importantly however, is to be a witness to the fact that God is in control, that this oil discovery was no fluke, and that it certainly did not happen by chance!!! ragingbull.com GOD told you to short this stock? I doubt it! I believe the SATAN told you to short it. Insider filings: biz.yahoo.com No time for more research. Regards, John Sladek