For those of you why may be tired of discussing the sinister implications of the SI beer party, I offer some information, and some questions:
Yesterday jhild documented the various incarnations of the company now known as Mountain Energy. Tod C. objected that the company in question had not been called Mountain Energy since its foundation in 1987, but rather had gone through a succession of name changes: Solid Gold, Inc (1987), Baker Stage Resources, Inc. (1995), Summary Corp. (1996), Luma.net Corp. (LUMA, 1997), Riviera International Casinos, Inc. (RICI, 1997), International Casino Cruises, Inc. (ICVI, 1998). Quite recently, upon the formalization of the reverse merger between ICVI and MTEI, the name was changed once again, to Mountain Energy.
Although this change was duly registered with the State of Nevada, and is reflected in the current incorporation record, the change of officers is not:
Name: MOUNTAIN ENERGY, INC.
Type: Corporation File Number: 6557-1987 State: NEVADA
Incorporated On: August 25, 1987
Status: Current list of officers on file
Corp Type: Regular - This corporation is in good standing.
Resident Agent: CORPORATION TRUST CO. OF NEVADA (Accepted)
Address: ONE EAST FIRST STREET, RENO, NV 89501
President: JOHN CHRISTENSEN
Address: 1701 BRUN ST #100, HOUSTON, TX 77019
Secretary: W. ARTHUR LINDSAY
Address: P.O. BOX 13192 HOUSTON, TX 77019
Treasurer: JOHN CHRISTENSEN
Address: 1701 BRUN ST #100, HOUSTON, TX 77019
Why are the new officers--Jack Uselton, Quentin Moore, and Winston Overstreet--not mentioned? We don't know. Late Friday, Tod spoke with Overstreet, who "confirmed the only link between ICVI and MTEI is the acquisition of the BB shell". (As we shall see later on, ICVI wasn't really a shell, but an operational company.)
It would indeed appear from the history of the company(ies) that recently became MTEI that John Christensen and W. Arthur Lindsay had never been involved in the energy business. Not so: until not so long ago Christensen was CEO of none other than Energy Drilling Industries, Inc., more familiar to many of us as EDII: "On Jan 26 1998 former president John Christensen of EDII was replaced by current CEO Daniel Dror..." (#reply-4804181). That was nearly six months ago, but oddly enough Christensen is still listed as an officer of the company:
ENERGY DRILLING INDUSTRIES, INC.
Type: Corporation
File Number: 15064-1994
State: NEVADA
Incorporated On: September 27, 1994
Status: Current list of officers on file
Corp Type: Regular
This corporation is in good standing.
Resident Agent: MAX C TANNER (Accepted)
Address: 2950 EAST FLAMINGO ROAD SUITE G LAS VEGAS NV 89121
President: JOHN CHRISTENSEN
Address: 4221 WHITTMAN HOUSTON TX 77027
Secretary: W ARTHUR LINDSAY
Address: 1201 MC DUFFIE # 120 HOUSTON TX 77019
Treasurer: JOHN CHRISTENSEN
Address: 4221 WHITTMAN HOUSTON TX 77027
The question of ICVI's relationship to EDII has been raised on other threads. On 22 May a poster notes: "EDII is ICVI's "TWIN". Check out the address: EDII: biz.yahoo.com
ICVI: biz.yahoo.com; (#reply-4563908). An incorrect reply is offered: " Doug: I know about the same address but there is no indication of ownership being shared in assets of ICVI and EDII. Until that is known any buying could be speculators. Note that all this week while ICVI headed up EDII went no where. That to me is an indication that ICVI and EDII are not financially related. Could be wrong but don't know" (#reply-4564024). On 31 May JimB, asked a similar question, answers: "EDII is as I understand... an part of ICVI that broke off on its own.. That is why initially EDII and ICVI had the same address.. but that was only temporary.. as two publicly held companies can NOT be located under the same roof.. that is illegal.. so ICVI and EDII broke apart.. I'm not sure of the details.. Joe Gort having been associated as the PR person for ICVI... he was asked to do the PR for EDII as well.." Not really very satisfactory, but no one came up with a better explanation.
The only other Nevada company in which Christensen appears to have an interest is C-Concepts:
C CONCEPTS, INC.
Type: Corporation
File Number: 9403-1998
State: NEVADA
Incorporated On: April 24, 1998
Status: Sixty day list of officers filed
Corp Type: Regular
This corporation is in good standing.
Resident Agent: NATIONAL CORPORATE RESEARCH, LTD. (Accepted)
Address: 400 W. KING ST SUITE 302 CARSON CITY NV 89703
President: JOHN CHRISTENSEN
Address: 1701 BRUN #100 HOUSTON TX 77019
Secretary: W ARTHUR LINDSAY
Address: 1701 BRUN #100 HOUSTON TX 77019
Treasurer: W ARTHUR LINDSAY
Address: 1701 BRUN #100 HOUSTON TX 77019
Note that C-Concepts was incorporated on 24 April of this year. A month later, a company called Market Formulation and Research Company (OTCC BB: MFRC) announced that it had agreed to purchase C-Concepts:
Thursday May 14, 2:42 pm Eastern Time
Company Press Release
Market Formulation Announces Letter of Intent
CAPISTRANO BEACH, Calif.--(BUSINESS WIRE)--May 14, 1998--Market Formulation and Research Corp. (OTC/BB:MFRC - news) Thursday announced that it has entered into a binding letter of intent to acquire C-Concept Inc. (CCI), a private Nevada company, in the process of closing the purchase of the first three of a series of convenience stores.
The acquisition is conditioned on CCI's completion of its purchases and obtaining clear title to those first three convenience stores, and is further subject to approval of MFR shareholders.
For further information, contact the company's representative, John Christensen, at phone: 713/520-6416, or fax: 713/520-6512.
Contact: Market Formulation and Research Corp.
John Christensen, 713/520-6416
The press release header indicates that MFRC is located in Capistrano Beach, CA, but, um, Christensen's phone number has the Houston area code (713). It would seem, then, that he was (and is) president of C-Concept, but at the same time was acting as a "representative" of MFRC. The acquisition was finalized on 10 June:
Wednesday June 10, 10:08 am Eastern Time
Company Press Release
Market Formulation and Research Corp. Announces Acquisition of Convenience Concepts Inc.
HOUSTON--(BUSINESS WIRE)--June 10, 1998--Market Formulation and Research Corp. (OTC/BB:MFRC - news) Wednesday announced that it has acquired C-Concepts Inc. for common stock and changed its name to Convenience Concepts Inc.
Convenience Concepts Inc. (CCI) is an operator of full service gas station/convenience stores. The company currently owns three operating locations and is immediately acquiring an additional two operating locations. All five locations are in the Houston metro area.
According to John Christensen, president of CCI, ''This merger will allow CCI to escalate the company's plan of acquisition to include additional locations.''
Christensen also stated that the company plans to own and operate 25 stores by the end of 1998 and will have acquired an additional 50 stores by the end of 1999.
For more information, call Joe Gort at 800/716-5147 or George Guttman at 212/293-9034.
Market Formulation and Research trades on the OTC bulletin board under the symbol MFRC.
Contact:
Market Formulation and Research Corp.
Joe Gort, 800/716-5147
George Guttman, 212/293-9034
Who are the officers of MFRC? Is the company run by Christensen, who apparently will be staying on as president? The company isn't incorporated in Nevada, and unfortunately California doesn't have an online corporations database. Why was C-Concepts formed and incorporated with the apparent sole scope of readying it for sale to MFRC?
We do know, as jhild reported earlier, that C-Concepts was (until the time of its acquisition by MFRC?) a subsidiary of ICVI:
ICCI Hires Investment Bankers for Assistance With Acquisition Plan
Business Wire - March 10, 1998 08:58 HOUSTON--(BUSINESS WIRE)--March 10, 1998--International Casino Cruises Inc. (OTC BB:ICVI) hired Freeport Financial Services Ltd., the international investment banking division of Freeport Merchant Bank (Nassau) Ltd., to assist the company in implementing its business plan and methods of enhancing shareholder value.
Freeport has representatives in financial centers throughout the European Union (EU) as well as Houston. The company has selected Freeport because their representatives have many years of experience in the development of, and acquisitions of major brand gas -- convenience stores, as well as their resources with EU securities exchanges, brokers, market makers and "Buy and Hold" investors.
Freeport will help the company accelerate its acquisition program of acquiring convenience stores through its subsidiary Convenience Concepts Inc. (CCI) and exposing ICCI shares to long-term investors....
Is everyone else as confused as I am by now? As late as March of this year ICVI was doing business, and so can scarcely be considered a "shell". Needless to say, all this raises some questions:
1. Is John Christensen and/or W. Arthur Lindsay a board member of MTEI and/or EDII?
2. What and who is MFRC, and is it in any way related to MTEI and EDII?
3. Are MTEI and EDII in any way related to each other at this time? Interlocking directorships, that sort of thing?
4. Why is Christensen still on record as being president of all three companies: MTEI, EDII, and C-Concepts? What is his role at MFRC?
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