Falcon is a global energy company with projects in Hungary, Australia & South Africa

Developing large acreage positions of unconventional and conventional oil and gas resources

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Message: Analyst Ian Hunter Tracking Falcon

Creative accounting that is all. Usually the same group of private investors moving around investment for whatever reasons that gives them an added advantage.

This being done all the time.

For example, back in 2008 Renova Industries subsidiary Avelar Energy Ltd. Acquired a very large position in Falcon. Then, in 2009 through a very creative maneuvering all of Avelar's Falcon holdings ended up with Renova's subsidiary Soliter Holdings Corp.

What's important that 18% of Falcon, representing about125 million share is owned by Burlingame by itself or by some creative accounting through a subsidiary.

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