VLEN - The Company Complains To The SEC After Screwing Over Shareholders With a 5,000-1 Reverse Split

In the, you gotta be kidding me department, VLEN, formerly ticker VLRN, issued a press release stating that the stock might be the subject of unfair price manipulation. At the root of the claim is a $.13 trade at $.0013, which brought the price down 350 times lower than it was. Well MR. CEO of VLEN, when a $.13 trade can move your stock 350 times lower you've got more problems than market maker manipulation on your hand.  How about a demand for your stock?  Then again people usually don't come running to buy a stock that has just done a 5,000-1 reverse split. In contrast they actually try and salvage what little money they have left. If $.0013 was all someone was able to get then let's call that trade a pathetic and sad end of some poor shareholders investment, not a unscrupulousness act.

An investment in VLRN (now VLEN after a 5000-1 reverse split) of $220 not more than two years ago is today worth $.0013. The $.0013 trade could have been a shareholder that held on through thick and thin, through every positive and exciting press release hoping for a huge gain who finally threw in the towel and sold out for $.0013. It was a symbolic move as the trade actually cost more to execute then the $.13 it reaped. The shareholder could be waiting for VLEN to reach $.0001 so he/she can purchase 13x as much stock. There are many plausible explanations for this $.13 trade.


The bottom line is that a reputable, solid, and honest company never has to worry about such a trade occuring, let alone issue a press release about it.

With a current premarket bid of $.04 and a market maker asking $1.21 there is an obvious lack of liquidity, as is the case after any huge 5,000 - 1 share reduction.  Look for the company to address this in short order via a significant increase in outstanding shares. 






Valor Energy Corp. [VLEN] -- Request for Trade Investigation & Shareholder Update Market Wire    "US Press Releases "
SALMON ARM, BC -- (MARKET WIRE) -- 10/16/09 -- Valor Energy Corp. , (PINKSHEETS: VLEN), an energy development and production company, today announced that on October 15, 2009 , the Company requested the Securities and Exchange Commission ("SEC") to investigate recent trading activity the Company believes to be the improper practice of price manipulation.

On October 1, 2009 , a 5000 for 1 reverse stock split of the Company's issued and outstanding common stock went into effect, resulting in the Company's stock price trading in the $0.50 to as high as the $1.50 range. However, on October 14, 2009 , a trade of only 100 shares at a price of $0.0013 occurred, a price more than 350 times lower than the previous trade with a value of only 13 cents . The Company believes that this unscrupulous act to unfairly manipulate the price of the Company's stock is greatly damaging to shareholders and has therefore requested the SEC action.

Additional Update to our Shareholders:

We have chosen to remain subject to reporting requirements of the Securities and Exchange Commission . As such, we voluntarily provide quarterly and annual audited financial reports to our shareholders. As of fiscal year 2009, Valor has been subject to new requirements to file our quarterly and annual reports with the British Columbia Securities Commission ("BCSC") via SEDAR. The reason for this is essentially because we have parts of our operation that function in British Columbia . Although the US OTC Pink Markets does not impose specific filing deadlines, the BCSC does. Therefore, the BCSC has issued a cease trade order due to our being late in filing our annual report for fiscal year-end May 31, 2009 . As such, a few stock listing websites in the US are not listing the bid and ask prices of our stock, since their policy prevents them from doing so when the stock has a cease trade order in another jurisdiction.

As reported on Form 8-K filed on May 20, 2009 , the Company changed auditing firms, a move made necessary to better comply with these new cross-border filing requirements. This change over has resulted in certain delays in filing our current annual report. Management believes that the report will show no material change in the Company's business direction or focus and that this report, already far along in the completion process, will be filed as soon as possible.

Company CEO Sheridan Westgarde stated, "I anticipate exciting announcements in the future regarding our ongoing efforts to complete significant positive enhancements to our core-energy business, and again I wish to thank our shareholders for their support and patience!"

About Valor Energy

Incorporated in Nevada , Valor Energy Corp (PINKSHEETS: VLEN) is an energy development and production company with working interests in Texas with plans to expand into Canada . Valor Industries Ltd. , (VIL), VLEN's wholly owned Canadian subsidiary, provides proven management to VLEN to create long-term value for shareholders and partners. For more information, log on to www.valorenergy.com.

Contacts: Valor Energy Corp. Investor Relations Contact VLEN (250)-833-1985 Or Email - info@valorenergy.com