Member Info for smidsy

Confounded, I have just sent an email to Grant Thornton in Canada asking for information as to the current situation with Edge. As soon as I have an answer I will post it on here.

Confounded, just found the following info. The Receiver is Grant Thornton and his address is on the web page. Also is a full list of unsecured creditors who have a total of $812,486. 95 between them and on checking it appears that there are a couple of private individuals on there. I have also found Bradley Clifford Nichol (aged 45) full CV. At the time of the demise of the company it appeared that Brad was on 9 Boards in 4 different organisations across 5 different industries. I shall carry on digging. http://www.grantthornton.ca/resources/creditor_updates/documents/Edge%20Resources%20Inc/1%20Notice%20%20Stmt%20of%20Receiver%20-%20EDGE%20-May%2

Hi Confounded I generally look daily at the pink market to see if there has been any trading but so far without result. I also check the web site and the Sedar site but as yet no info. I did look at the other directors to see what they have been up to but nothing of any use. I had planned to check out the Receiver and ask him for an update but I cant find his contact number or address. If you have any of these if you post them on here I will get in touch with them. If Edge has been officially put into the hands of the Receiver there will be some info from the Receiver or at the very least there will be a creditors meeting to tell us what the state of the company is in from a financial situation. But I would like to find out what is happening before we get to that stage. Meanwhile I will keep looking. If I get anywhere I will post it on here or if this site is eventually closed you can find me on MAGP (Magnolia Petroleum)

Hi agrostis I have been looking at that site this morning and spotted the grey triangle sign. Check it out. Done some reading on NEX this morning and on Andrew Creech and the latest name of Arne Gulstene. Arne is suggesting we check out the Pink Markets in the US. I have done some research on that as well (OTC Pink Market) but must admit I have been occupied with two of my other companies MRS and WSG both have rocketed this morning.

Wall Street Recommendations. Edge. EDGXF Buy (5) http://www.morningstar.com/stocks/pinx/edgxf/quote.html

It looks like we may be onto a winner if Edge is trading on the OTC Pink Market (whatever that is). I will look up Arne Gulstene it appears he works for NEX. Anyone care to check on the Pink Market? I wondered if the fires in Alberta had damaged any Wells of Edge and if not then the value of the equipment would have been increased. Maybe the Receiver has them pumping to make up the shortfall of oil production in Canada and if so there would be more interest in Edge. Just my humble opinion, I live in hope.

I’ve looked and confirm that was a trade on the OTC Pink Market in the US. Arne Gulstene P: 604-602-6970 | M: 604-585-0991

Thanks xxxxxx I have copied Arne Gulstene with this note as he may be able to offer more insight but based on my review it looks like that’s a website that follows the PINK sheets in the US. Is Edge listed/quoted in the US? Our notices affect trading on the NEX board but if the Company is listed/quoted in a jurisdiction beyond our control then you should contact that market to request a halt if that is what you prefer/require. Regards, Andy

I have sent an email to Andrew Creech at NEX asking him for any comments regarding your findings. I wonder what he will say?

Your web site address for morning star. http://www.morningstar.com/stocks/pinx/edgxf/quote.html

Well done for finding the info in morning Star I shall be looking closer a little later and I suggest that another email to Andy Creech may turn something up. The reply below is to an email I sent to Andy Creech at NEX. Thanks for the note. I’ve pasted in our most recent notice issued for Edge – please note the symbol has changed from EDE to EDE.H (all NEX issuers have the “.H” extension to indicate its listed on NEX): EDGE RESOURCES INC. ("EDE.H") [formerly Edge Resources Inc. ("EDE")] BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Suspend BULLETIN DATE: April 27, 2016 TSX Venture Tier 2 Company Further to the TSX Venture Exchange ('TSXV') Bulletin dated April 18, 2016 and the Company's press release dated April 26, 2016, effective at the opening April 28, 2016, trading in the shares of the Company will be suspended for failure to maintain Exchange requirements. In accordance with TSX Venture Policy 2.5, the Company has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective April 28, 2016, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Calgary to NEX. As of April 28, 2016, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies. The trading symbol for the Company will change from EDE to EDE.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market. Members are prohibited from trading in the securities of the Company during the period of the suspension or until further notice. I have also pasted two links below for you to link to NEX and the Company’s summary info page (check out he navigation drop down box on the top right section). http://apps.tmx.com/en/nex/ http://apps.tmx.com/TSXVenture/TSXVentureHttpController?GetPage=CompanySummary&PO_ID=18032 Regards, Andy

Check out my post on MAGP

Brad had his salary paid into a holding company he ran. Did any other directors have their salaries paid into this or any other company? Who are the shareholders in the companies that we will turn up? what's happened to the major shareholders of Edge? did they get a nudge to sell? what's happening to the equipment in Alberta, maybe an email to the Receiver will give up some information? A look at the Accounts of Edge and others may turn something up. As Confounded says there may be nothing we can do to recover any of our losses but if there is any skull-duggery going on and we find it it will help to stop this happening again. If we can show that everything, as far as we can tell, is above board then we have only ourselves to blame for investing in a carp company. I am retired and have a little spare time on my hands (who says that when one retires you have nothing to do I have less spare time now than when I was working) and will see what I can dig up. I'm back on Friday evening.

I am going away for a week and will be back on Monday 9th. May

For those who are interested. Check out the Director list with Edge and you will see that most of them are directors of Aroway Energy Inc. This company is an E & P company in the oil and gas industry doing work similar to Edge. Check out this company and you will see that its shares was suspended on TSX and put on NEX. This company was also short of money and was successful in obtaining more finance last year. Although Aroway was late in its Annual Accounts Return From memory the firm of Accountants to Edge was the same as to Aroway but the accountants left both companies. I have only spent a short time digging back to reveal this information but there are a lot of reports on SEDAR under Aroway (ARW) My immediate impression from what little I have read leaves me to question how both companies have been run. Most of the directors have places on Boards with other companies and I intend to check out this information to see what I can find. If there is the slightest chance that any misuse of company funds, equipment or employees however slight then I will attempt to inform the appropriate authorities of my findings. If anyone feels that they would like to join me in an initial research to see if anything has been done underhand please let me know.

The Receiver needs to keep pumping oil to keep a value on the stock and therefore will need a skeleton staff to run the company. As I've mentioned in an earlier post my guess is that he will try to sell it as a job lot. A couple of years ago Brad conducted a session of 3D Seismic Testing and established that he was sat on a huge amount of oil, but we all know that the value of oil is nil as long as it stays in the ground. He has recently obtained a water disposal unit that was a cost saver on waste water. The company could be an attractive proposition for someone especially with the oil prices recovering. But Receivers are notorious for dragging their feet, and no doubt they are the same in Canada, don't expect any answers soon.

The Official Receiver has taken over the lot.

If you can post the same thing twice then so can I. lol :)

At the moment I presume the company is lying there with very little going on. Has all the pumps been shut down? Is there a planned maintenance programme in place? Will a sub-contractor be appointed to oversee the 'oil workings? Will the Receiver look for a sale of Edge as a complete unit.? There are many questions I could ask but in the end we will have to wait and see. The big question mark is what is happening to the price of oil as I think that it will be one of the over riding factors as to the future of Edge. An astute large company can buy Edge for a song and get a fully working E & P company and sit on it debt free and wait for the World to sort out the mess with oil. Hopefully we will get some news soon from the Receiver telling us of his plans for Edge.

At the moment I presume the company is lying there with very little going on. Has all the pumps been shut down? Is there a planned maintenance programme in place? Will a sub-contractor be appointed to oversee the 'oil workings? Will the Receiver look for a sale of Edge as a complete unit.? There are many questions I could ask but in the end we will have to wait and see. The big question mark is what is happening to the price of oil as I think that it will be one of the over riding factors as to the future of Edge. An astute large company can buy Edge for a song and get a fully working E & P company and sit on it debt free and wait for the World to sort out the mess with oil. Hopefully we will get some news soon from the Receiver telling us of his plans for Edge.