Why keep a man to do a woman’s job must have been the thought when the CEO and sole director of Multi-Corp International, Inc. (OTC: MULI) stepped down yesterday. Replaced by Mrs. Jean Mann (she’s taken dudes), Robert Alan Baker resigned as the President/Chief Executive Officer, Secretary, Treasurer and the sole member of the Board of Directors of the Company effective March 1 as indicated in the 8-K filed on Monday. With MULI stock having had three consecutive days on the rag, its nice to finally see that the plan to establish itself as an emerging Oil and Gas exploration and production Company.
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MULI Stock Quote
Market Cap: 6.39M
Last: 0.085 ▲ 0.06 (240.00%)
Issued and Outstanding: 87,164,765
14-Day Rel Strength: 36.31%
14-Day Stochastic: 0.32%
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With plans to devote a substantial amount of her time and efforts to Multi-Corp. International, Mrs. Mann, for nearly the last 5 decades, has been working on various internal tasks involved with the accounting & financial services involved with various Oil and Gas entities as well as working closely with the Oil Conservation Board.
This is a breathe of fresh air for sure to the asset-less company and various MULI shareholders whom have never been able to really trade their shares into proper volume.
Since the original entity, Gray Creek Mining Inc., was incorporated on December 10, 2006 in Nevada, nothing but name changes and stock splits in either direction have occurred. The last time the Company updated its status, they were focused on the marketing and licensing of EviCAT, its proprietary software application.
However, the last time anyone heard anything from Multi-Corp other than its filings to keep current with the SEC was in December when the Company purchased from Quad Energy Inc. all of the production equipment on the 2,800 acre Cave Pool Property located within Eddy County, NM. For the price of just 2 million shares of MULI stock, the Company acquired all of the pump jacks, storage tanks, batteries and existing inventory of oil on the 37 existing well locations.
Hmmmmmm……. Ilya Khasidov must have already blew the $7,000 she got from Robert Baker back in February of last year for the 70,000,000 shares of MULI stock he took over from her. Baker still held 45,066,004 shares at the time of his departure. Wonder who will get those now.
About MULI Stock
Multi-Corp International is a development stage exploration and production company focused on developing and acquiring oil and gas resources initially in New Mexico and then throughout North America.
Click here to view the SEC filings for MULI.
Last 5 Trading Sessions:
Bottom Line: Oil and Gas focused penny stocks are always a treat, especially when they are fresh. Based on what the old PR and the new moves indicate with changes at the head of the Company and recent volume activity, MULI stock is gearing up for some volume gushing and traders should take note.
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