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Legend Oil and Gas, Ltd (LOGL)

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Last Post: 6/25/2020 1:02:23 PM - Followers: 64 - 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


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

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

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.

Current Price
Bid Ask Day's Range
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#2148   Lets go LOGL.... in4damoney 06/25/20 01:02:23 PM
#2147   Wow, 3 dollars in shares traded today. AmosNB 03/03/20 08:27:59 PM
#2145   You all do know this company is out AmosNB 02/27/20 04:46:14 PM
#2144   A touch of volume... We need to break Elcappy1 02/27/20 02:27:41 PM
#2143   Volume! in4damoney 02/27/20 09:36:21 AM
#2142   Legend Oil and Gas Ltd, Inst Holders, 4Q Elcappy1 01/21/20 04:48:14 PM
#2141   Welcome to the sinkhole! kermel 06/17/19 07:22:37 PM
#2140   GO LOGL lets chip away and watch it run!!!!!!!!!!! in4damoney 06/10/19 11:30:43 AM
#2139   Yes I see! Viewmont 04/18/19 03:46:19 PM
#2138   Nice bid coming in! cameron86 04/18/19 02:15:33 PM
#2137   Let's break into the .001+ range! Elcappy1 04/18/19 01:11:24 PM
#2136   https://opencorporates.com/companies/us_nm/5275903 cameron86 04/18/19 12:32:12 PM
#2135   Very clean after 9 here cameron86 04/18/19 12:21:11 PM
#2134   That would be nice! LOGL Elcappy1 04/12/19 01:28:22 PM
#2133   Tap tap are we ready to test mid cameron86 04/12/19 12:36:58 PM
#2132   Yeap, it's pretty ready to explode! I've seen Viewmont 04/04/19 10:47:59 PM
#2131   Looking very thin on the ask! LOGL Elcappy1 04/04/19 11:50:35 AM
#2130   Just about ready imo cameron86 04/04/19 10:40:51 AM
#2129   Yes indeed! The chart looks nice! LOGL Elcappy1 03/25/19 02:05:57 AM
#2128   Charts a beauty. Gonna see a big move soon. cameron86 03/24/19 04:17:56 PM
#2127   Doesn't take much to move this one! LOGL Elcappy1 03/12/19 01:05:50 PM
#2126   No selling she’s ready cameron86 03/12/19 12:59:41 PM
#2125   Forget about this POS! lucky me I did kermel 03/08/19 11:08:05 AM
#2124   The volumes dry out bad disappoint. kermel 03/08/19 10:55:07 AM
#2123   But the bid size still low volume I kermel 03/07/19 01:52:36 PM
#2122   Slow and steady is fine with me. We Elcappy1 03/07/19 01:44:17 PM
#2121   Just get back and still see LOGL under kermel 03/07/19 01:37:42 PM
#2120   Super thin to .0029!!! That 6 milly holder Elcappy1 03/07/19 12:53:27 PM
#2119   Yea it’s going down .. cameron86 03/07/19 12:42:09 PM
#2118   Very nice to see ;) LOGL Elcappy1 03/07/19 12:41:12 PM
#2117   Agreed, Loading and Holding! LOGL Elcappy1 03/07/19 12:37:50 PM
#2116   Yes it is . Under the radar big cameron86 03/07/19 12:35:16 PM
#2115   Definitely, see you in a bit! LOGL Elcappy1 03/07/19 12:31:22 PM
#2114   Going out for lunch will be back. kermel 03/07/19 12:27:50 PM
#2113   The ask is clearing out nicely. LOGL Elcappy1 03/07/19 12:23:44 PM
#2112   Patience, we're still under the radar here. Just Elcappy1 03/07/19 12:22:47 PM
#2111   They want to buy back their shares cheap kermel 03/07/19 12:20:48 PM
#2110   Need more volume here kermel 03/07/19 12:16:46 PM
#2109   Very possible with how thin this is. LOGL Elcappy1 03/07/19 12:10:40 PM
#2108   The ask is thinning out nicely. I guess Elcappy1 03/07/19 12:10:01 PM
#2107   Someone trying to keep it below .002 thats Bryanb513 03/07/19 12:01:54 PM
#2106   Let see what's happening today maybe jump back kermel 03/07/19 11:51:22 AM
#2105   100% agreed we will see 0.005 by this week! kermel 03/07/19 11:26:51 AM
#2104   Looking healthy! Elcappy1 03/07/19 11:21:54 AM
#2103   Break that order up @ .002!!! Elcappy1 03/07/19 11:21:32 AM
#2102   I still for high volume! kermel 03/07/19 11:17:52 AM
#2101   yes, I agreed it's about time will jump kermel 03/07/19 11:15:36 AM
#2100   LOGL is about to explode! in4damoney 03/07/19 11:09:45 AM
#2099   It’s started cameron86 03/07/19 11:05:05 AM
#2098   I will jump back in when it start pump! kermel 03/07/19 10:50:10 AM
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