Father started an oil and gas business and like a good father put his son on the board along with his son's best friend and made him Vice President of the company. It took time to build this business to the point that it was just starting to make some good production numbers. A new oil well was drilled and expected to come in real big!! At that point the son decided that he wanted to run the company and to be it's CEO. The son started planning behind his father's back to overthrow him and to take over the company and that is what he did. Before he took over, he gave the company's production superintendent $8000 cash to take a vacation. He then called a Board of Directors meeting with his best friend and they voted his father out of the company. The son was to pay his father and give him a severance package but never paid him one thin dime! Needless to say, the son is now in charge and running this company into the ground. But the son made sure the world knew that he is CEO and President of the company putting out information on pinksheets.com. At that point he told his father never to call him son again and that he was not his father!!! Prior to all this happening it was discovered that the son had transferred $54,000 out of the business account into his personal bank account. He also made a loan agreement with another individual and forged his father's signature on the document. Now the son is running this public company with investor money that was should have been put into the company but instead the son is using the name of another company so that he does not have to reveal his money sources to anyone. Employees that were once on payroll and still working the same hours are now being paid as contract laborers to avoid paying employment taxes and they are also being paid out of this other company.