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Legend Oil and Gas, Ltd (LOGL)

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Moderator: Rhinegold, letitgrow24
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Last Post: 7/21/2017 10:36:16 AM - Followers: 73 - Board type: Free - Posts Today: 0

Last Update: 04/05/2017
Legend Oil and Gas, Ltd. operates as a crude oil hauling and trucking company. It performs hauling services for institutional drilling and exploration companies, as well as crude oil marketers in the Bakken, North Dakota, as well as in Colorado and Texas. The company was formerly known as SIN Holdings, Inc. and changed its name to Legend Oil and Gas, Ltd. in November 2010.  On April 3, 2015, Legend Oil and Gas Ltd. (OTC Markets: LOGL) closed on the acquisition of Maxxon Energy, purchasing 100% of Black Diamond Energy Holdings, LLC and related companies- together Maxxon Energy).
On November 30, 2016, Warren S. Binderman, CPA assumed the roles of both Chief Executive Officer and Chief Financial Officer of Legend and subsidiaries. He first served as the CFO commencing July 2014.  In August 2015, he also assumed the role of the Company’s President, also serving on the Company’s Board of Directors and as Corporate Secretary.
Legend Oil & Gas Ltd.  Ticker: LOGL (OTC BB) Stock Status: Current
Industry: Energy
Type of Business: Crude oil transportation
Locations: Texas, New Mexico, Colorado, and North Dakota
LOGL Security Details
Share Structure
    Market Value1     $2,356,708     a/o Apr 4, 2017
    Authorized Shares     5,000,000,000     a/o Mar 30, 2017
    Outstanding Shares     942,683,273     a/o Mar 30, 2017
    -Restricted     Not Available
    -Unrestricted     Not Available
    Held at DTC     Not Available
    Float     38,621,516     a/o Feb 16, 2012
    Par Value     0.001

Source(OTC Markets): HERE
Press Releases: HERE
Filings: HERE
TA for LGOL: Webpage: HERE  
    Phone: (212) 828-8436
Number of employees: 37+ (All full time):
    Texas and New Mexico: 18
    Colorado:: 6
    North Dakota: 13

Currently hiring Class-A CDL truck drivers: HERE
Important Links:
     Legend Oil & Gas/Maxxon Energy Website: HERE
Facts Announcment Type Source
> April 7, 2015: LOGL  closed on the acquisition of Maxxon Energy, purchasing 100% of Black Diamond Energy Holdings, LLC and related companies- together Maxxon Energy PR HERE
> As of October 2015, Oil and gas activities were discontinued - 10Q released on 11/10/2016 Pg 16 of 10Q HERE
> As of November of 2016, Warren Binderman is now of President/CEO Website HERE
> Continuation of crude oil trucking remains the core business model to date None N/A
> Notes are not convertible until 2018 - 10Q released on 11/10/2016 Pg 10 of 10Q HERE
> Authorized Shares. The 2016 Plan authorizes the issuance of up to 250,000,000 shares of our Common Stock. All prior Plans     of the Company have been cancelled.  14C released on March 29, 2017 14C HERE
> 3 independent sites conclude there are 48 trucks in the fleet and 45 drivers.  Sources: 1) HERE 2) HERE 3) HERE Sites N/A
> 2,487,789 barrels of crude hauled in year of 2016 compared to 2,131,317 in 2015, an increase of 356,472 or 17% more. 10K released on 03/31/2017 Pg 19 of 10K HERE

Hillair Capital has 10% interest at $0.03 of common stock payable onMarch 1, 2018

Source: HERE (from pg 40 on 10K released on 03/31/2017) & HERE (Form 4 dated 05/27/2017)
Management Position Email Phone
Warren Binderman, CPA Chief Executive Officer and Chief Financial Officer (678) 595-6243
Ian Sylvester Chief Operating Officer/General Manager (701) 300-3446

President & CEO: Warren Binderman, CPA

LinkedIn Profile:HERE


Appointed Interim CEO in November 2016. Also serve as the President and CFO of the Company. We are a premier transportation company serving the oil industry in the Bakken (North Dakota) and Permian (Texas and New Mexico). We are growing in these two and other basins as customer growth plans demand.
Quick snapshot Experience
President & CEO
Binderman Group, LLC

2007 – Present (10 years
Our founder, Warren S. Binderman (a CPA in Georgia and Maryland), spent over 14 years working with national accounting firms moving through the ranks from the nuts and bolts level of Staff through Partner.
Director, Transaction and Restructuring Services

October 2011 – July 2012 (10 months)
Worked on various financial due diligence and accounting advisory technical projects (carve-outs, IPOs, revenue recognition) as needed, for KPMG's national team- Transaction Services and Restructuring Group. I served global clients, providing financial due diligence and other buy- and sell-side consulting services.
Managing Director/Owner (sPs) and Partner (Smart)
SPS Consulting, LLC and Smart & Associates, LLP

2001 – 2006 (5 years)
For sPs Consulting, was an owner and the Managing Director, tripling professional service revenues between October 2001 and December 2003. Worked in technical areas building an assurance and consulting practice, principally performing Federal and Municipal entity audits, assisting as contract internal auditors, performing litigation support and assisting in settling disagreements between various parties...
Senior Manager and Director of Firmwide Risk Management

1999 – 2001 (2 years)
Served the Baltimore, MD Office as a key member of its municipal practice, working on audit and advisory services for the largest municipal entities in the Baltimore/Washington Metropolitan area.
Started as Staff Auditor through Experienced Manager
Arthur Andersen

1990 – 1999 (9 years)
Started as a staff member and promoted through 1999 to manager and experienced manager. Served some of the DC office's most significant clients, including Caterair International (a Carlyle Group investment), Lafarge Corporation and Marriott Corporation (pre- and post- split). Also served as manager on the “initial” IPO of Friedman, Billings, Ramsey Group and as the audit senior on Johnston Lemon and Company providing audit and various support services. Managed many SEC S-2 and S-4/public debt filings, audited 10-K reviewed 10-Qs and wrote critical portions of 8-Ks and other filings.
Board of Directors:
Board Member Position LinkedIn
Warren S. Binderman, CPA Chief Executive Officer/Chief Financial Officer, Board Member and Corporate Secretary HERE
Jeffrey Kaplin Audit Committee Chair/Independent Board Member HERE
Alais Griffin Interim Board Chair/Independent Board Member HERE
Sean M. McAvoy Director/Board Member/Co-Founder and Managing Member at Hillair Capital Management LLC HERE
Neal Kaufman Board Member/Founder, Managing Member at Hillair Capital HERE
Source: HERE

Source: HERE
Industry Study
This graph illustrates the potential growth Legend Oil and Gas can achieve when compared to their competitors depending on which direction they go.  All companies graphed are involved in trucking crude oil as well as other means of transportation (rail, ships and oil pipe line).
Socail Media Link
Legend Oil & Gas Facebook HERE
Legend Oil & Gas Twitter N/A
Maxxon Energy Facebook HERE
Maxxon Energy Twitter N/A
With new policies with the new US administration and their views on reviving the exploration of natural resources, the oil industry will be next BOOM.  Legend Oil & Gas, Ltd. has changed their business model from oil exploration to crude oil transportation.  Trucking is big business and will grow as more oil wells have been drilled.  Unlike the exploration industry, growth can quickly increase due to less assets necessary to implement and profit margins are more lucrative.  No drilling rigs to purchase, no land permits to apply for (which could take years to get approved), less OSHA regulations to be concerned about, etc…  Currently LOGL is operational in four states with 37+ full time employees and growing.

Current Price
Bid Ask Day's Range
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LOGL News: Termination of Registration of a Class of Security Under Section 12(g) (15-12g) 05/11/2017 06:09:11 AM
LOGL News: Current Report Filing (8-k) 04/05/2017 02:41:28 PM
LOGL News: Current Report Filing (8-k) 04/04/2017 02:54:15 PM
LOGL News: Amended Statement of Changes in Beneficial Ownership (4/a) 04/04/2017 11:51:45 AM
LOGL News: Amended Statement of Beneficial Ownership (sc 13d/a) 04/04/2017 11:43:55 AM
#1169  Sticky Note ### 15 Reasons to Invest in $LOGL ### kilch 04/04/17 09:22:17 AM
#1933   You're right, but my dogs won't scam anyone's money! kermel 07/21/17 10:36:15 AM
#1932   Yes but your dogs wont make any money bigrun 07/20/17 09:39:57 PM
#1931   In my view I trust my dogs more kermel 07/20/17 11:05:55 AM
#1930   Sometime of this month man! kermel 07/19/17 02:02:40 PM
#1929   Yeah yeah, keep waiting! Rhinegold 07/19/17 12:28:49 PM
#1928   I see from my firm ask 0.0013 I kermel 07/19/17 12:15:55 PM
#1927   Oh really? wow I'm waiting for 0.0005 to load. kermel 07/19/17 12:13:45 PM
#1926   Nice Vol and price action today, after hrs Rhinegold 07/18/17 11:54:06 PM
#1925   Hey LOGL CEOs it's a bad move for kermel 07/18/17 01:16:26 PM
#1924   The business is good but the stock is kermel 07/17/17 05:02:29 PM
#1923   Come on company, give some good news! How Rhinegold 07/16/17 08:18:58 AM
#1922   I told you so it back to triple kermel 07/14/17 04:55:39 PM
#1921   Here we go start getting back to triple kermel 07/13/17 03:01:43 PM
#1920   There is no link they are working on kermel 07/13/17 11:26:47 AM
#1919   LINK PLEASE! Rhinegold 07/11/17 03:21:37 PM
#1916   Alert LOGL is filling for bankruptcy. kermel 07/11/17 01:32:34 PM
#1915   Hey (LOGL) boys I know are here and kermel 06/29/17 12:36:08 PM
#1914   If it down @ 0.0001 I will load kermel 06/20/17 03:55:49 PM
#1913   My plan as well. Bring on .0001 Macaveli 06/20/17 01:19:56 PM
#1912   I hear that, me too. How does this Rhinegold 06/20/17 10:05:36 AM
#1911   I don't know which is more pathetic, this Rhinegold 06/20/17 10:04:33 AM
#1910   Worst. Investment. Ever! Sage7243 06/20/17 10:03:35 AM
#1909   I'll wait till this turd gets to .0001 Rhinegold 06/20/17 09:08:40 AM
#1908   They should be investigated, they sure crapped the Rhinegold 06/19/17 06:50:55 PM
#1907   Report to the SEC. Need to be investigate kermel 06/19/17 05:14:10 PM
#1906   The only thing "Legend"ary about this stock is Rhinegold 06/19/17 03:08:48 PM
#1905   I mean (don't want to say this) kermel 06/19/17 12:02:43 PM
#1904   I'm sorry, I don't to say this but kermel 06/19/17 11:43:07 AM
#1903   No news at all kermel 06/15/17 11:33:40 AM
#1902   With renewed American Energy independence I'd say it's Rhinegold 06/11/17 11:50:01 AM
#1901   Who knows. I was so pumped when CEO letitgrow24 06/10/17 04:23:30 PM
#1900   another day of nothing here. I never get Rhinegold 06/08/17 12:53:52 PM
#1899   Sure wish this would get back to where Rhinegold 06/05/17 09:40:15 AM
#1898 Chupacabros 06/04/17 03:23:07 PM
#1897   Sorry, I can not tell you because I, kermel 06/03/17 01:14:23 PM
#1896   Where you get that from? Was suppose to letitgrow24 06/03/17 08:10:02 AM
#1895   Nice...thanks. papadedavid 06/02/17 02:51:24 PM
#1894   I think news comes out on June 15th. kermel 06/02/17 02:50:09 PM
#1893   Hi, got a starter here...with USA getting out papadedavid 06/02/17 01:56:29 PM
#1892   I Want To Believe. LOL $LOGL I know Chupacabros 06/02/17 12:32:55 PM
#1891   Hope so, they should have a lot of Rhinegold 06/01/17 03:27:05 PM
#1890   LOGL waking up? Chupacabros 06/01/17 03:14:32 PM
#1889   LOGL now has 37 full time employees. kermel 06/01/17 02:04:07 PM
#1888   Way oversold letitgrow24 05/30/17 03:46:40 PM
#1887   This pile of dogsh*t just keep getting sh*ttier Rhinegold 05/30/17 02:46:04 PM
#1886   Hit to 0.01 soon or later for sure kermel 05/23/17 05:47:24 PM
#1885   I can't now. Have to wait for some letitgrow24 05/23/17 05:38:56 PM
#1884   I loss a lot of money in this kermel 05/23/17 05:35:10 PM
#1883   I don't think they will. I find it letitgrow24 05/23/17 05:18:06 PM
#1882   I will sell when they pump and I kermel 05/23/17 05:10:24 PM