studentloans
13 years ago
Thanks for typing that letter! Man, that was a lot of work, thank you. Have you called the number in the letter? It seems like you have done a lot of due diligence. My dad didn't get any letter and he holds a million shares. I know that's not much in penny land but to him he feels like he should have a voice.
He rarely check the pps and now it looks like they are not producing anything. That update was about months ago, I wonder what happend?
Thanks again, I really thought the worst, it was good to see the may be growth soon.
Rocky-
13 years ago
I will type over the shareholder letter for you, don't have it in textfile on a computer:
October 10, 2011
To All Shareholders:
Notice is hereby served to you pursuant to the corporate By-Laws of a Special Meeting of Shareholders for Cheyenne Resources Corp. to be held on Thursday, 4PM, November 10, 2011 at the Teaneck Marriott At Glenpointe, Teaneck, New Jersey at the crossroads of I-95 and I-80, with parties to first convene in the Atrium.
Shareholders who plan to attend the meeting should confirm by dialing 201-373-1155. You may also wish to email us at Davisresearch2003@yahoo.com. [My DD: Ronald Davis (Ron Davis) Rotstein, Financial Advisor. Paid Promoter, registered agent of Davis Family Investments (Davis Research Group). 1402 Teaneck
Road, PMB #107, Teaneck, New Jersey 07666. Davisresearch2003@yahoo.com. Promoted CCTC -- Clean Coal Technologies to an 85,000,000 (85 Million $) Market Cap after receiving 450,000 shares.] Please mark all provisions under consideration either FOR or AGAINST as set below accordingly:
1. To approve the election of new officers and directors for Cheyenne Resources Corp. Mr Mike Foster shall be elected Chief Executive Officer (CEO) and a director of Cheyenne Resources Corp. Mr Jim Jackson, an oil and gas operator shall also be elected as a Director. Both Mr. Mike Foster and Mr. Jim Jackson shall receive jointly two million common shares of CYRS on a post split basis accordingly for a two year term unless terminated by mutual agreement or board action. The Foster-Jackson team or designee shall also be issued an additional one million common shares for their efforts to complete strategic type alliances or acquisitions for the firm. These two million common shares shall be issued immediately after completion of the herein referenced reverse split. Issuance of the one million common shares shall be issued immediately after completion of the acquisition or joint venture. It shall be hereby understood that a separate entity may be formed by the Foster-Jackson team to facilitate the oil and gas alliances or acquisitions through this joint venture arrangement.
2. To approve Mr. A. Thomas Crompton Jr. as Chief Financial Officer (CFO) of Cheyenne Resources Corp. Mr. Crompton shall also serve as Secretary/Treasurer of Cheyenne Resources Corp. and shall receive three hundred thousand common shares on a post split basis accordingly.
3. To Approve Mr.David Tew as a Director to serve as a Chief Underwriter for the funding of projects and shall receive one hundred thousand common shares of post split stock.
4. To approve Mr. David Corner as a Director to manage the corporate communications of the firm, write and distribute press releases, establish an internet presence and service the corporate website. Mr. David Corner shall receive one hundred thousand common shares on a post split basis.
5. To Approve Mr. Robert Garner as the corporate attorney for Cheyenne Resources Corp. to complete the reorganization, acquisitions and ongoing legal requirements. Mr. Robert Garner shall receive three hundred thousand common shares of Cheyenne Resources corp.
6. To approve renewal of Island Stock Transfer based in St. Petersburg, Florida as the transfer agent of CYRS.
7. To approve a proposed acquisition program for CYRS. Acquisitions under review which includes a 20 percent interest in 30,000 acres of oil and gas in the Big Horn Field located in central Wyoming with both proven and indicated reserves of 300 million barrels of oil. Additionally under review is an equity joint venture on a 52 square mile project in Saskatchewan, Canada with indicated and proven reserves likely exceeding 150 million barrels of heavy oil (API Under 15) which may be converted to light crude (over 30 API) by utilizing certain advanced conversion technologies. Certain coal properties with reserves over 250 million metric tonnes in Pennsylvania and Wyoming are also under review. Consultants are now also reviewing a potential acquisition of an equity stake in an international biomass company with projects in four countries including India and Ghana. Davis Family investments plus Alliance Investment Capital shall serve as consultants to introduce the company to certain acquisitions and shall each receive five million common shares of a post split CYRS as founders stock under the reorganization. The proposed reverse split necessary to achieve the recapitalization for the new acquisitions shall be on a one-for-three basis. There are no other future reverse splits of CYRS contemplated at this time.
8. To approve the future issuance of a special class of convertible preferred stock for purposes of completing acquisitions as required in the future.
9. To approve the reimbursement of corporate cash expenses due consultants and or directors for accounts payable for such expenses as the transfer agent or as required. Restricted #144 common shares may be issued and accepted to reimburse said expenses. Net stated costs of such common shares shall be equalized to the amount of expenses paid.
10.To approve those securities received vis-a-vis acquisitions or tender offers shall be placed in an escrow account at the joint discretion of Davis Family Investments. These securities may only be sold for reimbursement of cash expenses such as for the transfer agent or to acquire additional natural resources properties.
11. To approve salaries to be set for officers and directors by the Board of Directors at such time as cash flows from operations shall permit. Under no circumstances shall acquired securities through a tender offer or otherwise received or properties be sold to pay such salaries.
12. To approve a change of address for Cheyenne Resources Corp. from 7305 Calle Sagrada, Bakersfield, California 93309 to 2710 Thomas Avenue, Suite 1282, Cheyenne, Wyoming 82001. (Mike Foster - Jim Jackson established Merit Trading LLC in 2008 at the same "2710 Thomas Avenue, Suite 1282, Cheyenne, Wyoming 82001" address.)
Please submit all executed proxies to 310 Main Street, South Hackensack, New Jersey 07606-1728.