Legacy Reserves Inc fka LGCYQ

[reaper247]

LOL, laraz,

When I see a prediction that a stock is heading to .001, only to see it run almost immediately to high of $2.40 I like to mention it.

I cant help but notice other nonsense being posted on the LGCY board.

While D. Dwight Scott has recently been appointed to the LGCY BOD, I believe that his history related to the El Paso Corporation has been misrepresented. I just wanted to post some facts about that history.

El Paso restated its financial statements for the fiscal years 1999, 2000, 2001 and 2002, but D Dwight Scott was not appointed to the CFO position until around mid 2003.

While El Paso agreed to pay damages for errors in their financials in prior years, D Dwight Scott did not personally incur any penalties like other officers.

https://www.sec.gov/news/press/2008/2008-138.htm

"...Rodney D. Erskine, the former president of El Paso's Exploration and Production business segment, agreed to pay a $75,000 penalty, and Randy L. Bartley, the former senior vice president, agreed to pay a $40,000 penalty. Former vice presidents Steven L. Hochstein, John D. Perry, and Bryan T. Simmons each agreed to pay $40,000 penalties..."

In fact, the actions taken by El Paso during the time that D Dwight Scott was CFO, seemed to lead to the eventual acquisition of El Paso by Kinder Morgan.

As far as Blackstone NYSE: BX goes, they seem to be a reputable company with $361,000,000,000 in assets under management.

Blackstone and D. Dwight Scott might be exactly what LGCY needs to survive the downturn in $WTIC and $NATGAS.

https://www.blackstone.com/the-firm/overview

Hope that helps.

GLTU, IMO and FWIW.