OCT 88 RES INC (NASDAQOTH:OCTX)

CAPS Rating: 1 out of 5

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Member Avatar FoolTheRest (99.89) Submitted: 11/13/2013 10:22:20 AM : Underperform Start Price: $6.88 OCTX Score: +22.27

Did anyone else notice the 20 yo exec and director?

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Member Avatar tompy67 (< 20) Submitted: 10/29/2013 11:41:10 PM : Outperform Start Price: $6.65 OCTX Score: -19.12

about ready to strike

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Member Avatar jed71 (30.07) Submitted: 9/24/2013 2:00:08 PM : Underperform Start Price: $6.41 OCTX Score: +20.50

Very suspicious looking firm. Entire business model revolves around a passive investment in a single private oil and gas start up company. Passive meaning they have pretty much no say in the private firm or how it is operated. They have been around since 2008 and never generated any revenue.

The most suspicious part is the fact that the President and CEO of Octagon 88 is also the President and a member of the Board with the company from which they bought the shares. Can you say conflict of interest? Out of the recent 10Q:

"On October 15, 2012, we entered into a share purchase agreement with Zentrum Energie Trust AG, which closed on
December 24, 2012 whereby we acquired a total of 3,100,000 common shares in the capital stock of CEC North Star Energy Ltd. ("North Star") from Zentrum, representing approximately 22% of the issued and outstanding shares of North
Star.Our President and Director, Mr. Guido Hielkes is also the President and a member of the Board of Directors of North Star and Feliciano Tighe, a member of our Board of Directors is also an administrative consultant to North Star."

This next piece cracked me up.

"Octagon 88 Resources, Inc. is a Nevada corporation incorporated on June 9, 2008. We are currently based in Switzerland."

Really? A guy named Guido running a firm incorporated in Nevada but based out of Switzerland? Seems a little too on the mark for a mobster movie, if you ask me.

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