Legacy Reserves Inc fka LGCYQ

[reaper247]

Sorry laraz, that is still nonsense, and we have already covered this.

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 on this board. 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. A good indication that the SEC found no wrong doing by Mr. Scott after their investigation into El Paso.

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

Unlike the Hypothetical theories expressed by others, I link to the SEC documentation.

It should be a clear demonstration of the willingness of a few people to post false and intentionally misleading claims against D Dwight Scott, as well as the BOD and officers of Legacy Reserves NASDAQ: LGCY, while also publically attacking the integrity of The Blackstone Group NYSE: BX which has chosen to provide a simple rotating credit facility to LGCY while commodity prices are low.

GLTU, IMO and FWIW.