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Gray Fox Petroleum Corp (GFOX) – updated research report

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23 Jul Gray Fox Petroleum Corp (GFOX) – updated research report

 

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After a busy month of progress for Gray Fox Petroleum Corp (GFOX), the ticker is now only a live website away from being completely ready for a paid promotion.

We first did a report for GFOX on June 19, 2013 and in only 5 weeks since that report, GFOX has made several big moves towards a future paid promotion.

The following is our updated full research report for GFOX.

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The Set-up

Gray Fox Petroleum Corp started out as Viatech Corp.  Like so many other paid promotion ticker before it, Viatech Corp was set up as a Nevada business entity with a foreign nominee officer.

Viatech Corp was registered at a Nevada business entity on September 22, 2011. The foreign nominee officer of this future pump&dump was from the Czech Republic. His name was Viatcheslav Gelshteyn.

Before being assigned his role of sole officer/director of Viatech Corp, Viatcheslav Gelshteyn was working as an independent contractor for various companies in the field of designing of residential homes and commercial buildings.

Viatcheslv Gelshteyn was issued 7,000,000 shares in exchange for $7000 ($.001/share).

The forward looking business plan for Viatech Corp was to provide interior design and architectural visualization, 3D rendering and architectural animation services.

 

Going Public

On May 25, 2012, Viatech Corp filed an S-1 to go public.

At this time Viatech Corp only had $7,200 cash and no real business operations, but Viatech Corp did have an agreement with a Czech Republic resident named Peter Baroch to do some interior design services.

The attorney helping with the S-1 filing was David Lubin. David Lubin has been involved with several tickers that ended up getting promoted including BIZM, FUEG, GRPH, GRZG, MSTG, and YPPN.

The accountant helping with the S-1 filing was Ronald R Chadwick PC.

The S-1 was approved on September 12, 2012.

 

Seed Shareholders

After going public, Viatech Corp sold 2,020,000 shares to a group of anonymous insiders at $.01/share raising $20,200.

 

Change of control

As could have easily been predicted, the agreement to provide interior design services to Peter Baroch was never executed. It was probably just a fake agreement used to get the SEC to approve the S-1 filing and nothing more.

As has become such a common step in the future pump&dump playbook, the foreign nominee officer was relieved of his babysitting duties shortly after taking the shell public.

On May 31, 2013, Viatcheslv Gelshteyn sold his 7,000,000 shares and control of the Viatech Corp shell to Lawrence Pemble for $50,000.

Lawrence Pemble is a 25 year old resident of the United Kingdom. According to his bio, Lawrence Pemble had been working for an unnamed British gold exploration company with concessions in Africa. We have been seeing the UK and Africa show up often in paid promotion companies lately.

I'm not sure why Lawrence Pemble decided to leave the name of the British gold exploration company anonymous when it is so easy to use the internet to find the name. According to his legalzoom page he is the operations director for East African Gold PLC. I also see Lawrence Pemble listed on the Excalibur African Mining Corp website.

Lawrence Pemble moved the corporate address from the Czech Republic to 3333 Lee Parkway, Suite 600, Dallas, Texas 75219. It should surprise nobody that this address is a virtual office.

 

Forward Split/Name Change

On June 10, 2013, Lawrence Pemble cancelled 4,700,000 of his 7,000,000 shares. He then filed for a name change to Gray Fox Petroleum Corp and an 8:1 forward split.

Lawrence Pemble had reserved the name Gray Fox Petroleum with the Nevada SOS on June 5, 2013. The address he used in Dallas, TX is just a UPS store. All these Dallas addresses being used by our UK resident does make you wonder who is in Dallas that is involved in Gray Fox Petroleum behind the scenes.

The 8:1 forward split will make the new share count look as follows:

Authorized - 75,000,000 shares
Outstanding - 34,560,000 shares
Lawrence Pemble - 18,400,000 shares (restricted)
Seed Shareholders - 16,160,000 shares (free trading)

The name change a split officially go into effect on Thursday, June 19, 2013.

 

Website

I found the future Gray Fox Petroleum Corp website at grayfoxpetro.com registered on June 5, 2013 for a period of 5 years using a private proxy out of Goldaming, Surrey in the UK.

The website currently says coming soon. Obviously a major step before VTCH becomes active will be the website going live.

 

Acquisition agreement

You cannot have a future paid promotion without some good business operations to tout.

On July 5, 2013, Gray Fox Petroleum signed an agreement to acquire  22 separate oil and gas leases from FFMJ, LLC for $250,000.

$100,000 is due on or before July 15, 2013, $75,000 is due within 60 days of July 5, 2013, and $75,000 is due within 120 days of July 5, 2013. Gray Fox has also agreed to assume all rental payments due on the Leases starting on July 5, 2013. The Leases will not be transferred to Gray Fox until the Purchase Price installments have been paid in full.

FFMJ LLC is controlled by Stanley Allen Matzke, III

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The 22 leases are collectively known as the "West Ranch" Lease which at one time Mr. Matzke listed as belonging to another company he controls known as Sam Oil LLC

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Symbol Change

On July 19, 2013, VTCH got its new symbol, GFOX.

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Suspicious Financing Agreement

GFOX did not have the $250,000 owed to FFMJ, LLC to acquire the oil&gas leases so they signed a very suspicious financing agreement with a 7 week old Marshal Islands entity called Rooftop Investment Ltd.  See the 8K here.

Rooftop Investment Ltd was only just formed as a Marshall Islands entity on May 28, 2013.

According to the filings, Rooftop Investment Ltd will purchase 500,000 shares for $150,000 ($.30/share).  Rooftop Investment Ltd used a nominee officer to sign the agreement named Renee Berlinger (aka Rene Berlinger), but discloses that they have an account in Switzerland which will hold the ownership of those shares at ACM Services GmbH, Zimikerweg 14, CH-8604 Volketswil, Switzerland.

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ACM Services GmBH was registered as an entity in Switzerland on May 8, 2012 by Daniel Lacher who is linked to several bankers and financial institutes in Switzerland.

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Other Daniel Lacher linked Penny Stocks

Daniel Lacher also had an interesting set up with Harmony Energy Inc (ASUV) back on May 24, 2012.

Daniel Lacher signed a consulting agreement with ASUV using a Marshal Islands entity called Seahorse Investments Ltd located at the exact same address as Rooftop Investment Ltd.  I think this makes it very clear that Daniel Lacher almost certainly controls Rooftop Investment Ltd and thus 500,000 shares of GFOX at $.03/share.  Through his consulting agreement with ASUV, Daniel Lacher was paid $15,000/month which later became free trading stock of ASUV issued through Rene Berlinger.  The same Rene Berlinger that signed for Daniel Lacher in the GFOX filings.

It is probably absolutely no coincidence that ASUV was also a UK based company like GFOX.

ASUV got promoted by multiple newsletters.  First by Andrew Carpenter starting on June 12, 2012 then again by John Myers starting on December 27, 2012.

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Rene Berlinger was also a seed shareholder in Curry Gold Corp (CURG) and an Advisor in very scammy U.S. Farms Inc (USFM) in 2008 which was suspended then revoked following litigation naming the company and its CEO in a kickback scheme.

Daniel Lacher also shows up in filings for MXOM, GCHT, CRWG, SKYC while it was very scammy Yellow Cake Mining, CNOZ, PFGY, BWAV, WGBS, PKPL, PBTH, SKNNQ, EHTEQ, and KRBF.

 

Conclusion

Recently BIZM has shown what a float of 20 million shares can do for a good paid promotion, so with only 16 million free trading shares, VTCH has the potential to be a great paid promotion with some good money support from the promoters.

All that is left for this one is the website to go live

The new Dallas address for GFOX plus the Marshal Islands, Switzerland, and the UK links make this one seem like it could possibly be linked to a newsletter/hard mailer type group that likes to operate through the UK and Switzerland.  It could get a stream of newsletter pumps like its closest sister ticker, Harmony Energy Inc (ASUV) or it could get something a little better like a Brighton or SMA type promotion.  It is too early to tell for sure though.  We'll keep a close eye on this one until more clues become available.  GFOX remains on our list of tickers to watch for a future paid promotion.

 

 

 

 

 

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