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Virtus Oil and Gas Corp (CURG) – stock research report – now VOIL

05 Aug Virtus Oil and Gas Corp (CURG) – stock research report – now VOIL

 

On July 25, 2013, Curry Gold Corp (CURG) filed to do a name change to Virtus Oil and Gas Corp and a 14:1 forward split.  Since all of the shares are still insider owned, this forward split automatically puts CURG on watch for a possible future insider enrichment scheme involving a paid promotion.

The name change and forward split will become effective on August 30, 2013.

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The Set-up

Curry Gold Corp was incorporated as a Nevada business entity on September 25, 2009 with Soenke Timm and Chris Pollmann listed as the officers of the entity.

Soenke Timm was assigned the positions of CEO, treasurer, secretary, and director.  He was from Germany with ties to Zurich, Switzerland.  His career consisted of positions in the areas of media, advertising, and business/marketing.  Soenke Timm as issued 2,000,000 founders shares valued at $.001/share for $2,000.

Chris Pollman was assigned the role of VP.  He was from Switzerland where he held positions in financing and marketing.  Chris Pollman was issued 50,000 founder shares valued at $.01/share for $500.

1,300,000 shares valued at $.01/share were sold to 22 seed shareholders from Germany and/or Switzerland for $13,000.  Among the seed share holders was Rene Berlinger and relatives of Rene Berlinger.  Rene Berlinger is from Switzerland.  This is not the first public ticker we have found Rene Berlinger involved in.  He was also a share holder in scammy USFM,  ASUV which became a paid promotion, and in GFOX which we are watching closely to start getting promoted soon.  See our GFOX research report here.  There is no question that Zurich has become a very key location for penny stock promoters and dirty penny stock insiders.

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Going Public

On January 6, 2010, Curry Gold Corp filed an S-1 to go public.  Despite having a name that suggested it would be a mineral exploration company, Curry Gold Corp had a forward looking business plan to become an operator and franchisor of fast-casual food catering vans primarily offering a grilled specialty called Currywurst and beverages throughout Switzerland and the U.S.

Currywurst is a fast food dish of German origin consisting of steamed, then fried pork sausage cut into slices and seasoned with curry ketchup, regularly consisting of ketchup or tomato paste blended with generous amounts of curry powder, or a ready-made ketchup-based sauce seasoned with curry and other spices

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The attorney helping with the S-1 filing was Michael M. Kessler, P.C.  Past Kessler tickers have included CHSO, IDNG, LBYE, and USGT.

The accountant helping with the S-1 filing was M&K CPAs PLLC  (too many p&d tickers to list here).

At the time that Curry Gold Corp filed to go public the shell had only $15,500 cash and no revenues or active business operations.

Curry Gold Corp told the SEC that they would need to raise $205,000 in order to cover operations for the first 12 months.  The SEC decided that the business plan, lack of real business operations, and foreign shareholders were credible enough to approve the S-1 filing on July 19, 2010.

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Typical Lack of Effort

As could have easily been predicted based on the foreign officers/seed shareholders, lack of real business operations, attorney, and accountant, Curry Gold Corp never made any progress at all towards their forward looking business plans.  None at all.

Curry Gold Corp obviously went public with alternative motives.

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Change or Control

On June 6, 2012 majority control of the Curry Gold Corp shell was sold to Daniel M Ferris ala shell factory style.

Daniel M Ferris bought the 2,000,000 shares from Soenke Timm for $50,000 giving Daniel M Ferris 60% of the outstanding shares and voting control of the Curry Gold Corp shell.

Daniel M Ferris was from the UK where he was involved in public relations and communications before taking on the role of sole officer/director of Lone Star Gold Inc (LSTG) on March 29, 2011.

Lone Star Gold Inc (LSTG) also had a pump&dump style set up which included a forward split, no real business operations, and 55,299,920 free trading shares sold to seed shareholders at  between $.00075/share and $.0025/share. 

Lone Star Gold Inc (LSTG) was a Stock Castle promotion starting on August 15, 2011.  The stock price rose from $.92/share to $1.40 nearly 4 weeks later despite being LSTG being exposed as a fraud which included a fake buyout offer from Goldcorp midway through the promotion.

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Screen Shot 2013-08-05 at 7.14.53 PM

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The share purchase agreement took place at Hallett & Perrin, P.C in Dallas, Texas.

Hallett & Perrin, P.C. (like Rene Berlinger) was involved in Gray Fox Petroleum (GFOX) helping with the change of control filings for that future paid promotion ticker as well.

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Screen Shot 2013-08-05 at 7.54.21 PM

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Hallett & Perrin, P.C. was also involved in Lone Star Gold  (LSTG) - the other Daniel Ferris ticker - with the drafting of a $50,000 financing agreement with a Cayman Islands entity called Fairhills Capital Offshore Ltd which belongs to toxic financier, Edward Bronson.

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Screen Shot 2013-08-05 at 8.02.44 PM

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Suspicious Financing Agreement

CURG already had links to Germany, Switzerland, the UK, and Texas but after Daniel M Ferris took control it added one more location that is commonly found involved paid promotion tickers, the Marshall Islands.

On July 19, 2013, Daniel M Ferris issued 150,000 shares to a Marshall Islands entity called Fieldstone Industries Inc for $50,000 ($.30/share).

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Screen Shot 2013-08-05 at 7.34.25 PM

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The combination of the Marshall Islands, the UK, Texas, and Switzerland also can be found in GFOX and ASUV (both linked to Rene Berlinger) - again see our GFOX report here.

The Texas, Marshall Islands combination can also be found in all of the tickers linked to the Google Ad promotion group (DOMK, NVMN, CHMR, MSSD, GANK, and BLFR).  See our BLFR report for more details.

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Name Change / Forward Split

On July 25, 2013, Daniel M Ferris filed to have the name of the Curry Gold Corp entity changed to Virtus Oil and Gas Corp along with a 14:1 forward split.

The name change and forward split will go into effect on August 30, 2013.

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New Share Count after the 14:1 forward split

Authorized - 150,000,000 shares
Outstanding - 49,000,000 shares
Daniel M Ferris - 28,000,000 shares
Fieldstone Industries Inc (Marshall Islands) - 2,100,000 shares costing $.02/share
Anonymous Seed Shareholders - 18,900,000 shares (free trading) costing $.0007

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What to expect next

Next we will watch for an asset acquisition agreement of some kind to bring some business operations into the CURG shell.  Most likely those operations will be Oil & Gas related.  A symbol change should follow shortly after the name change.

We have already found the future website for Virtus Oil & Gas Corp at virtusoilandgas.com which was registered on 7/22/13, but the domain hasn't been published yet.  The website will go live before any paid promotion starts.

With the undeniable, obvious connections to past paid promotions, LSTG and ASUV, and future paid promotion, GFOX, there is absolutely no question that Virtus Oil & Gas Corp will eventually become a paid promotion - most likely a newsletter type of promotion.  Today we are adding CURG to our list of tickers to watch for a future paid promotion.

 

 

 

5 Comments
  • alive
    ALiVE
    Posted at 13:10h, 24 August Reply

    Was only a matter of time with this one ~ I recall that at the time of the NSRS and another VM / APS ticker promotion – CURG used the same virtual office in Nevada as them as well.

  • nodummy
    nodummy
    Posted at 19:42h, 29 August Reply

    14:1 forward split goes into effect starting tomorrow for CURG

  • nodummy
    nodummy
    Posted at 14:21h, 04 September Reply

    some progress on the future company website today
    http://virtusoilandgas.com/

  • nodummy
    nodummy
    Posted at 19:01h, 27 September Reply

    CURG gets its new symbol on Monday – VOIL

  • nodummy
    nodummy
    Posted at 11:02h, 04 January Reply

    8k filed for asset purchase agreement on 10/30/13
    http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9577319

    On October 19, 2013, Virtus Oil & Gas Corp. (the “Company”) entered into a Purchase Agreement (the “Purchase Agreement”) with Pioneer Oil and Gas (the “Seller”) pursuant to which the Company has agreed to purchase the Seller’s interest in two separate oil and gas leases issued by the Bureau of Land Management for the United States (the “BLM”), comprising 4,150 acres in Beaver County, Utah, for an aggregate purchase price of $460,000 (the “Purchase Price”). The Company has also agreed to assume all rental payments due on the leases. The Seller intends to convey to the Company a 100% working interest and an 80% net revenue interest in the leases. The Seller and certain other parties have retained an aggregate 20% overriding royalty interest in the leases. Both leases expire on January 1, 2017.

    The Purchase Price is payable by the Company as follows: $30,000 on or before October 25, 2013, $30,000 on or before December 25, 2013, $100,000 on or before February 25, 2014, $100,000 on or before April 25, 2014, $100,000 on or before June 25, 2014 and $100,000 on or before August 25, 2014. If the Company fails to make a payment on time, the Purchase Agreement will terminate. The Company made the initial $30,000 payment on October 25, 2013. The leases will not be transferred to the Company until the Purchase Price has been paid in full; however, the Company is responsible for all lease payments beginning immediately. All payments made by the Company are non-refundable and will be forfeited to the Seller as liquidated damages if the Company does not pay the full purchase price to acquire the Leases.

    Upon payment of the final installment of the Purchase Price and no later than September 15, 2014, the Company will file and record with the BLM and relevant county recorder office all of the paperwork necessary to assign the leases to the Company. The Seller represents and warrants that title to the leases will be free and clear of all liens, mortgages, encumbrances and other claims and further represents and warrants title to the leases against the claims of all persons claiming by or through the Seller.

    In the event that the 1 Falcon Well currently being drilled by Falcon Exploration Company near the acreage subject to these leases is deemed a commercial well producing oil or natural gas in commercial quantities, the Purchase Agreement will automatically terminate and be rendered null and void. The Seller will retain the leases and will return all of the funds previously paid to the Company.

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