It's out with Owen and in with the new for Petro America Corporation, the sham oil company that federal investigators say swindled thousands of investors. Last week, founder Owen Hawkins resigned as CEO as a result of his indictment. But he's already named his replacement.
New CEO Greg Cornley is a member of the Ministers Alliance, a group of local ministers who own and support Petro stock -- because what Kansas City needs from its religious leaders in the Great Recession is really shitty stock advice.
Cornley made his first speech to shareholders on a conference call last week.
"My name is Greg Cornley Sr. I am the new CEO. I know some people thought that I was a joke or that I didn't exist, but I am here," he said.
He promised to move the company forward, though he said it would be impossible for him to say when the company would trade. (Never, say the feds with utter certainty.) But Cornley swore a vow of martyrdom to the masses: "I'll get it done or I'll die trying."
Cornley apparently thought that the promise of dedicating his life to Petro was fair trade for even more investors' money. Less than two minutes into his acceptance speech, right after he prayed for the Petro shareholder family, Cornley was asking for cash. He gave no explanation why Owen Hawkins, who has a public defender, required a legal defense fund. But he did give the address of where "all the money and funds that we can" should be sent: to Olathe attorney Carl Cornwell. (Cornwell could not be reached for comment.)
As a selling point, Cornley described Hawkins' time in federal custody as one filled with hardship. "Where they have him, they don't even have regular parking lots. We had to walk in mud and water and everything to get to him," Cornley lamented.
A woman named Gail Scott closed out the conference call.
"I just want to remind everybody that Mr. Hawkins may be physically imprisoned, but like Nelson Mandela, the former president of South Africa, he said that in body he was in prison, but in mind and soul -- never. So he's here with us in mind and soul," she said. "His spirit certainly reeks throughout the shareholder community."
Hawkins' smelly spirit won't be saved until his legal defense fund collects $25,000, according to Scott. That might seem like a lot of money to investors who already donated their life's savings to a man who allegedly squandered them on cars and coats and Christmas gifts to strangers, but it's really not when you think about it, Scott said.
"You can do some math on your own and see how easy it is to do that with 12,000 shareholders."
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Johnny is the one who really took the bullet for Owen. Owen used Johnny in a huge way. Johnny put many years in for Owen. He never got paid anything accept the use of cars to travel around the country to get the mines. The mines are worth a lot of money!!!
Everyone has done a major injustice to Johnny. Here are many facts that I do know that Johnny got wells and mines that are superior; including the fact that there are 28 wells that are pumping 50-100 barrells daily. Johnny wants to know why know one has brought that up/ Where is all that money going. Why doesnt anyone acknowledge Johnny!!! He has worked harder than anyone knows. At one point Owen wanted to buy Johhnny out for 1 million dollars. Johnny declined. He wanted to bring the stock to fruition as he set out to bring all the HUMANITARIAN PROJECTS TO COME TO LIFE.HE HAS DEDICATED HIS LAST 3 YEARS TO THIS PURPOSE. He wore out 3 cars traveling around the country buying the mines for Petro and making sure ALL the needed documents were brought forward. All on his own time. Johnny is close to broke working for Petro!!! In addition to Johnny devclining a million to buy Johnny off, Johnny told Owen to use the mailbox (dividends) money to give back to the investors. ALSO, WHERE IS THE SILICA MINE THAT IS UP AND RUNNING... JOHNNY WANTS TO KNOW WHAT HAPPENED TO THAT,,,,IT WAS ALL READY TO PROCESS WITH THE BACKING OF ROLLS ROYCE AND MERCEDES. WHY HAS THAT NOT BEEN MENTIONED IN THE BLOGG?????????????????? Where has that revenue been going!!!!
What happened to the contract with all the gold and gem mines. WHY ISN'T ANYONE TALKING ABOUT THAT????? ALL HAVE BEEN CERTIFIED BY THE FEDS...JOHNNY DID ALL THAT... ALL THE CERTIFICATES AND SURVEYS OF EVERY SINGLE MINE HAVE BEEN BROUGHT UP AND PAID FOR BY JOHNNY!!!!
Why always the negative things. why doesnt it get acknowledge about all the hard work and poititve things Johnny has brought to the table for 3 plus years!!!
Johnny did nothing wrong EXCEPT believe and trust in OWEN!!!!
Did you all forget about all the hard work that Johnny did to get the coupons and strips set up with attorneys. Johnny is paying for all of his attorneys- SO WHY ISNT OWEN PAYING FOR HIS OWN ATTORNEYS!!!!
Johnny was soo taken by Owen and Terese. Johnny was never employed by Petro. He just believed in all the humanitarian projects and worked so dam hard to get these mines all around the country. They are all legite. Johnny was used and abused. He never took a dime for himself he was a used puppet by Owen and Terese. Johnny lost his children because of the mean vindictive blogs. He has pounds of papers to prove all of this!!
I happen to work with some of the victims/investors. I first heard about this scam when two co-workers were discussing the news about this scam breaking. One said to the other, they are telling us to keep quiet about it and we will all get our money back.
Edward Halliburton and his wife are two people who should be scrutinized carefully, because he continued to sell "stock" after the cease and desist order came down to stop selling the scam stock. She is telling investors to keep quiet, that they'll get their money back if they don't talk,,,,and she says it as though Petro America is just under unrighteous attack by the Feds.
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