Last week, investors with OilPods would have received a letter from the CEO of OilPods, Mr Mark Chang.
Oilpods markets (oil and gas) working interest in the US, with the oil and gas lease operated by Powder River Petroleum International, formerly known as Powder River Basin Gas Corp and traded on the OTC Bulletin Board.
Investors of those working interest receive monthly payouts based on their share of the revenue generated from the sale of the oil and gas produced.
This month, no payout was received.
A check on filings by Powder River to SEC shows that the company is having cash flow difficulties.
OilPods has instructed their legal representatives in the United States to take the necessary actions to protect the interest of investors.
All seems well on the website of Powder River Gas Corporation. They even appointed a new operations manager a few days ago.