Superior Oil &Gas Company (fka SIOR)

[enthalpy]

Its funny how people are so flip flop emotional. Like when I wanted to buy some at 5 cents maybe and then its 5 cents is not good enough and people wanted 20 cents. I am okay either way if this does not make it or does. I believe if there is a will there is a way. While they should have settled things first before funding wells. Creditors can sue but there is all kinds of things that can be done to resolve it.

Reverse spilt and issue 20% equity and reschedule the debt. Sell off the future rights 20 wells per section to a holding company and divide the ownership between superior and the creditors.

A few million dollars is not that bad. It could have been over leveraged oil and gas assets. They just want the future rights per section because they figure its worth 200k per well minimum per year and w 20 per section and 8 sections it could be a ploy to retake it. Maybe their is collusion w Devon too. So they want the millions in dollars per year payout and won't settle until they get it.