- Report: #375357
Complaint Review: Gulftex Operating Inc -TBX Resources - Dallas Texas
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Gulftex Operating Inc -TBX Resources
3030 LBJ Freeway Dallas, 75234 Texas, U.S.A.
Phone:
972-243-2613
Web:
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Gulftex Operating, Inc -TBX Resources Sham, Scam, Flim/Flam Dallas Texas
As an ex-employee of this establishment I want to be sure to let any prospective investors know Gulftex is nothing more than a dressed up boiler room where AE's are a dime-a-dozen phone jockeys required to make over 100 calls daily off lists of potential high-dollar investors. To become an employee there they lure you in with visions of grandier and have a few "inside men" drving high-end vehicles and flauting the spoils of their success at taking money from investors on oil and gas projects with littel or no returns. As one of the phone jockeys I found out soon enough it was only my job to find potential, qualifed and interested investors, and then hand them off to the "inside men," so they could pay me on a single point of sale (maybe) while then taking over the investor for future upsells.
Sure they will rebutt and dismiss this post as just another disenchanted sales person who they would have fired anyway due to low revenue production who now wants to post something negative.
All I would ask the potential investor is; if the Barnett Shale and other projects they have are bringing in such high returns, why the need for 8-10 AE's making over 100 calls per day each, from required hours of 9a-6p or 7pm. Wouldn't any investor with a position (unit percentage) increase his or her position in this high-end dividend and increase their stake in the projects? Would not the current customer base purchase up the unit lots available for the particular project versus the need to call on 800 new potential investors per day?
I guess if as an investor you need a tax shelter and a capital loss to offset gains this may be just the investment you need. On the other hand if you are in this position to make money.....good luck!
Mike
Eatonville, Florida
U.S.A.
Sure they will rebutt and dismiss this post as just another disenchanted sales person who they would have fired anyway due to low revenue production who now wants to post something negative.
All I would ask the potential investor is; if the Barnett Shale and other projects they have are bringing in such high returns, why the need for 8-10 AE's making over 100 calls per day each, from required hours of 9a-6p or 7pm. Wouldn't any investor with a position (unit percentage) increase his or her position in this high-end dividend and increase their stake in the projects? Would not the current customer base purchase up the unit lots available for the particular project versus the need to call on 800 new potential investors per day?
I guess if as an investor you need a tax shelter and a capital loss to offset gains this may be just the investment you need. On the other hand if you are in this position to make money.....good luck!
Mike
Eatonville, Florida
U.S.A.
1 Updates & Rebuttals
Mcampbell
Dallas,Texas,
U.S.A.
THIS REPORT IS ABSOLUTELY INACCURATE AND INCOMPLETE
#2UPDATE Employee
Mon, February 16, 2009
The report filed by "Eric" on RipoffReport.com is both inaccurate and incomplete. "Eric" failed to report that the false accusations he is reporting were made by an ex-employee in an effort to decrease his sentence after being charged in 1998 and convicted in 2000 of embezzlement from TBX Resources, Inc. After thorough investigation, no charges were ever filed because there were no improprieties. The accusations leveled by a convicted embezzler, were a baseless and unfair attempt to smear the name of TBX Resources, Inc. and it's founder Tim Burroughs. Official documentation of the ORDER LIFTING SECTION 5.0 SUSPENSION (after investigation was complete) can be found at: http://www.ssb.state.tx.us/Enforcement/files/1401.pdf Eric also failed to note that he was fired for failure to perform. Tim Burroughs continues to successfully meet the obligations of GulfTex Operating, Inc. to it's satisfied joint venture investors. GulfTex Operating, Inc. has completed every project it has started and the joint ventures have received all due and payable revenues from producing interests in these properties. Tim Burroughs and Gulf Operating, Inc., have an excellent 14 year track record for success and are well respected in the oil and gas community as evidenced by their current joint ventures with major independent oil and gas companies.
