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Legend Oil and Gas, Ltd (LOGL)

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Last Post: 3/21/2018 11:53:03 AM - Followers: 66 - 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  
    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 (678) 595-6243
Ian Sylvester Chief Operating Officer/General Manager (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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#582   IS LOGL BEING HELD DOWN BY ECONOMY OR JOBIL1290 02/13/12 11:56:24 AM
#581 jeslookin 02/12/12 08:44:38 PM
#580   LOGL is flagged trading on unusual volume the balamidas 02/07/12 01:07:44 AM
#579   Thats is uasually a good sighn where I cifikea 02/07/12 01:05:09 AM
#578   we saw big bidders on L2 since fRIDAY balamidas 02/07/12 01:00:56 AM
#577   Same here and I agree almost added to cifikea 02/07/12 12:56:13 AM
#576   i picked LOGL Friday and i like what balamidas 02/07/12 12:50:30 AM
#575   She looked solid all day My Stop cifikea 02/07/12 12:45:49 AM
#574   1 $ (50 MA) break is going to balamidas 02/07/12 12:40:56 AM
#573   BoooooooooooooooooooooM nice action Today Braddah $$$$ Go cifikea 02/06/12 04:15:00 PM
#572   second day of unusual volume ,i guess yes balamidas 02/06/12 12:18:15 PM
#571   something new here? vanbasten 02/06/12 12:13:11 PM
#570   nice set up here~ balamidas 02/06/12 12:09:23 PM
#569   Smart money buys the dip!!! Good idea... Stock Sumo 02/06/12 11:36:40 AM
#568   adding the dip before 0.88 break ~ balamidas 02/06/12 11:35:39 AM
#567   LOGL is going great since Fri~ balamidas 02/06/12 10:19:36 AM
#566   Here we gooo!!! Stock Sumo 02/06/12 10:17:03 AM
#565   hope we go back and over the dollar here floyd4 02/06/12 06:33:23 AM
#564   If you can catch Bottoms like you catch Stock Sumo 02/05/12 10:45:47 PM
#563   Now I know why I liked It I cifikea 02/05/12 08:20:29 AM
#562   LOGL will move higher Monday~ balamidas 02/04/12 02:11:16 AM
#561   Ohhhh Me likey a nicey bottom bouncer!!! Nice Stock Sumo 02/04/12 12:22:19 AM
#560   Looks like she is getting some action $LOGL cifikea 02/03/12 11:59:45 PM
#559   After doing DD I would rather go with LGL8054 01/25/12 03:43:08 PM
#558   Not helping the stock yet. Rustler 01/25/12 03:12:19 PM
#557   JV partner looks good. LGL8054 01/22/12 01:42:32 PM
#556   MUST READ LGL8054 01/17/12 10:21:24 PM
#555   Solid 1$ line but when will we go tomcat17 01/13/12 08:33:13 AM
#554   LOTS of potential for huge gains with LOGL. Rustler 01/11/12 01:23:34 PM
#553   We will break 1.00$ in a couple of minutes tomcat17 01/11/12 11:59:12 AM
#552   Check out aret ,Headed for the amex exchange tigre 01/04/12 02:58:47 PM
#551   Opened at 1.09$, now already up to 1.15$ tomcat17 12/27/11 09:33:43 AM
#550   LOGL has been heating up. We had olandug 12/23/11 08:02:15 PM
#549   After lunch rocket? Yeah, 1.18$ we should break tomcat17 12/22/11 01:52:50 PM
#548   1.16$ is a resistance, if it breaks we tomcat17 12/22/11 12:21:19 PM
#547   all things considered this is good news. we jeslookin 12/22/11 11:37:57 AM
#546   Interesting read tomcat17 12/22/11 11:23:01 AM
#545   Up up and away again: 1.14$ !!! tomcat17 12/22/11 09:44:39 AM
#544   I have been buying shares daily. olandug 12/20/11 04:10:54 PM
#543   Hmm, why are we falling again? tomcat17 12/20/11 01:29:21 PM
#542   EXACTLY. NOW is THE time to buy Rustler 12/20/11 11:49:59 AM
#541   It's time to load the LOGL boat again!!! Rustler 12/20/11 11:49:13 AM
#540   I dont know how to cut and paste astockwinner 12/20/11 09:23:48 AM
#539   Can you post that email? sounds promising tomcat17 12/20/11 09:17:04 AM
#538   just got an alert in my email to astockwinner 12/20/11 09:13:08 AM
#537   Nice consolidation today. LOGL gearing up the olandug 12/19/11 04:37:03 PM
#536   Another pre lunch drop, EOD we close above 1.24$ tomcat17 12/19/11 11:23:35 AM
#535   Nice run tomcat17 12/19/11 10:54:41 AM
#534   1.23$ :-) tomcat17 12/19/11 10:15:21 AM
#533   Nice 1.18$ already tomcat17 12/19/11 09:41:03 AM