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Legend Oil and Gas, Ltd (LOGL)

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Moderator: Rhinegold
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Last Post: 9/12/2017 11:08:25 PM - Followers: 74 - 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  
    Email: info@vstocktransfer.com
    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 warren@midconoil.com (678) 595-6243
Ian Sylvester Chief Operating Officer/General Manager ian.sylvester@maxxonenergy.com (701) 300-3446

President & CEO: Warren Binderman, CPA
 

LinkedIn Profile:HERE

Summary

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
KPMG

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
KPMG

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.
 

 
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LOGL
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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
PostSubject
#1980   http://www.urbandictionary.com/define.php?term=kermel LOGL has a business mode Cm squared 09/12/17 11:08:25 PM
#1979   If no news or income filing by the kermel 09/12/17 11:11:43 AM
#1978   Big accumulation day, no doubt! Getting some Oil/gas Rhinegold 09/11/17 04:14:02 PM
#1976   LOGL could take off like a bat out Deep6 09/06/17 12:26:28 PM
#1975   LOGL going to sign more contracts to haul kermel 09/01/17 01:29:14 PM
#1974   But I already sold all my shares for kermel 08/31/17 05:26:06 PM
#1973   LOGL could take off like a bat out Elcappy1 08/31/17 03:11:52 PM
#1972   Seem like I don't have a chance to kermel 08/31/17 02:39:20 PM
#1971   Fuel shortages are spreading through out Texas! LOGL Elcappy1 08/31/17 02:38:43 PM
#1970   http://www.direxioninvestments.com/products/daily-sp-oil-gas-exp-prod-bull-3x-sh kermel 08/31/17 02:12:31 PM
#1969   I agree, the Hurricane will drive this much Rhinegold 08/31/17 12:20:19 PM
#1968   $LOGL$ simply needs a reason to move, and payitaround 08/31/17 11:47:07 AM
#1967   I wonder if the hurricane in Texas will Elcappy1 08/31/17 01:01:31 AM
#1966   Today, Ask 0.0013 bid 0.0008 I think you kermel 08/11/17 02:34:24 PM
#1965   Did you mean .005 ? then .05 and Rhinegold 08/11/17 02:27:18 PM
#1964   No dump no pump in the next few kermel 08/11/17 01:28:12 PM
#1963   Don't worry,wait till President Trump drop a nuke kermel 08/10/17 11:27:45 AM
#1962   I think some pos intentionally sold low to Rhinegold 08/09/17 01:33:10 PM
#1961   Thanks for the good luck wish kermie Cm squared 08/09/17 01:28:47 PM
#1960   I put my order @ 0.0005 kermel 08/09/17 01:25:38 PM
#1959   Only 14000 shares ask @0.0014 buy it if kermel 08/09/17 01:23:42 PM
#1958   Ahh yes "link" not "like." Thanks for fixing Cm squared 08/09/17 01:20:12 PM
#1957   Perhaps you could try literate sentencing when replying Cm squared 08/09/17 01:17:39 PM
#1955   https://www.google.com/amp/www.urbandictionary.com/define.php%3fterm=kermel&amp= Cm squared 08/09/17 01:11:45 PM
#1954   Same to you Buddy kermel 08/09/17 01:09:11 PM
#1953   News comes out saying CEOs need money to kermel 08/09/17 01:08:09 PM
#1952   Kermel over your face Cm squared 08/09/17 01:07:02 PM
#1950   I agree with you my friend! A great Rhinegold 08/09/17 10:03:35 AM
#1949   Out of all of the stocks in this Cm squared 08/09/17 01:21:48 AM
#1948   I don't think any trader sold @ 0.0005 kermel 08/04/17 02:03:35 PM
#1947   Yeah, that's why I was asking if you Rhinegold 08/04/17 01:57:02 PM
#1946   Today LOW @0.0005 HIGH @0.001 told you so kermel 08/04/17 01:52:34 PM
#1945   Yeah well if someone sells at .0005 then Rhinegold 08/04/17 01:47:50 PM
#1944   I'm day trader I sold all my shares kermel 08/04/17 10:59:06 AM
#1943   Hey maybe you are meaning another stock, this Rhinegold 08/03/17 03:29:57 PM
#1942   Told you 0.0005 coming kermel 08/03/17 10:51:33 AM
#1941   What news man? kermel 08/02/17 06:18:05 PM
#1940   Pardon me if I don't wish you luck! Rhinegold 08/02/17 04:15:23 PM
#1939   I'm so glad I sold all my shares kermel 08/02/17 10:18:12 AM
#1938   Lol I wish! kermel 07/27/17 05:41:12 PM
#1937   Or $1000 could be $4000 Rhinegold 07/27/17 04:58:23 PM
#1936   Your $1000 soon will be comes $100 soon kermel 07/25/17 10:44:50 AM
#1935   Yes news will comes! kermel 07/25/17 10:24:04 AM
#1934   Some have been accumulating LOGL quietly, this will Rhinegold 07/24/17 11:59:41 PM
#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
PostSubject