ein post aus ihub,was die momentane situation ganz gut erklärt... der geht hier aber von reibunglosen balauf aus... bitte vorsicht,otc-werte,höchste risikostufe!!!
This why i invest in arete and why i continue to be long term holder
GO ARETE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Current Position December 2010
Arête Industries, Inc. is currently following the path it put forth in April 2009. We are engaged in accomplishing our 4 goals:
1. The cash flow purchase of two existing oil and gas companies.
2. The completion of all past and current filings.
3. Pursuit of other opportunities that meet our strategic plans.
4. Creating value for our shareholders.
We will give updates when appropriate while following public and company guidelines and policies.
Purchase of Oil and Gas Properties
The proposed purchase of oil and gas properties in Wyoming, Colorado, Kansas, and Montana from DNR Oil & Gas Company and Tindall Operating Company is still ongoing and entering the final phase. We have a signed definitive agreement for this acquisition, and we are in the final stages of securing the necessary funding.
Filings
In accordance with our stated goal of catching up on our filings so as to become current and fully reporting, we have:
On November 4th we put out the 10-K end-of-year report for 2006.
On December 17th we put out the 10-Q quarterly report for the first quarter of 2007.
On December 21st we put out the 10-Q quarterly report for the second quarter of 2007.
On December 22nd we put out the 10-Q quarterly report for the third quarter of 2007.
We are working closely with our auditor to make sure we provide him with all the required documentation he needs to complete his audit on the 2007 end-of-year 10-K filing.
We then intend to complete and put out the 2008 and 2009 and 2010 filings in short order.
Our goal is to be current and fully reporting by early 2011.
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skidude ;)
