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Here's the value of the assets Vern Wilson

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janice shell Member Level  Thursday, 05/31/12 01:53:55 PM
Re: petermic post# 26354
Post # of 76533 
Here's the value of the assets Vern Wilson presumably brought to the company when he was named CEO:

Effective August 1, 2007, ReoStar purchased substantially all of the assets of Vern Wilson Energy, Inc. The assets consisted of 4 oil and gas leases located in Texas and Louisiana, a service rig, and an operating shop to assist in maintenance of field equipment. Consideration for the purchase consisted of $159,000 cash and 240,000 shares of ReoStar stock with a market value of $298,800 for a total purchase price of $457,800.

See also:

Of course it's possible that Wilson's company acquired additional assets after the sale to ReoStar.

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