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Thanks Trinity, I knew I had read that at some point and thought it to be positive, I still think so even if I find it all a bit difficult to understand.
What it does look like to me, is that Superior Oil and Gas/Dan really have a good business sense and set up the share structure nicely.
I keep thinking location, location, location.
Probably has around 18 million.
I still speculate that it is from the deceased insider, his shares would likely have been part of the preferred shares. Thus around 14-18 million regulars shares available. It is only a theory but it just fits with timing,the only fact is that there was a death that timing coincides with.
Choctaw, I hope you do buy in, just have patience. There are many people involved on this board with lots of awesome DD. I've read the posts on a few other boards, nothing ever makes me feel like I should buy it,hold it and SIOR does. Some may post negative questions or comments but never have the back up to what they say or at least they don't show that they do, most posts are from people with knowledge and most folks on this board are long.
IMO, It seems you keep referring to information from 2006, there are more current filings. Lawsuits are all settled, there are active wells that hold leases.
Original founder died, son has taken over, changed the business model and appears to be moving forward at a perfect pace with the appropriate care, what evidence do you have that is current that backs up what you are posting, what DD have you done?
If you have such a low opinion of this company, why are you here seemingly trying to bring the pps down, why bother if it is trooublesome to you, if you are posting here because you think you can get the pps down, then that would indicate you think different than you post and it is a good company to be in. Which is it?
I read that yesterday and thought the same as well.
SIOR will be big
That was my thought exactly.
That part was there and unchanged, I was referring to the last part of the paragraph .
The largest oil and gas producers that initiated this drilling play have purchased leases that completely surround our existing well bore leases.
Not sure if that is a change or not, I think it is.
No matter, it is awesome. Go SIOR
Nice changes there.
It looks like there are a couple of other subtle changes on the home page too, third paragrph seems different.
I think Geo said he makes pdf's so he can refer to them, can you tell me GEO.
Holding long on $SIOR
Oh darn, under 013 closing. It would be fine if this had never climbed as high as it did only to drop, then the 012 would look good one day, it won't be a pink.
Go SIOR anyway.
Funny stuff.
So much logic, reason and fact on this board, everyone does a great job of getting rid of the nasties. Keep your shares
Go SIOR
Excellent post.
Thanks for the confirmation regarding lease holdings and SEC stuff. I knew there were resources for such information so that what is posted on the web site could be proven. I also assumed the same regarding SEC filings.
Just a note, even though Dan is involved with other oil companies, he always lists Superior first on his profiles and that has meaning.
PEAK oil is real and being in SIOR is a winnning ticket, maybe not today but very soon, it takes some patience...
I don't remember who posted the links to Peak oil videos a couple months back but they have had me thinking ever since.
Thanks for all your expertise.
Gotta assume redwards is not really in the business as claimed since they have not really done or shared any DD, just old news that is not applicable and is in fact trying to keep the stock down. No one does that unless they want it and no one wants a stock they think is no good.
Shows me we have a gem here. Thanks for the reinforcement.
Go SIOR
Redwards, since you are in the industry, do you care to share with us the things you know about the industry? There seem to be several that post here with knowledge that share with those of that don't have so much regarding inner workings and such.
Thanks in advance
It is a good question,one you keep asking. Web site was the place that used to show SIOR owned over 8000 but I am not sure it is there now, perhaps you could look into it with the OCC or some other regulatory commission in Oklahoma that would handle such affairs.
Until there are SEC's filed, we may never know
I am fairly certain it was 10-21-11 that the home page was updated to indicate they were poised to drill early 2012.
Just a little clarification, the Home page website has been updated after July 2011, (someone mentioned that date). I believe it was done in October or November.
This is what it said prior to October 2011
Recapitalization of the company is under way. Led by a new chief executive officer, Dan Lloyd, Jr., the son of Superior's founder, together with a group of well-seasoned officers, directors and consultants, Superior is poised to commence new horizontal drilling as early as late October 2011.
This is how it has read since sometime in October or November 2011.
Recapitalization of the company is under way. Led by a new chief executive officer, Dan Lloyd, Jr., the son of Superior's founder, together with a group of well-seasoned officers, directors and consultants, Superior is poised to commence new horizontal drilling as early 2012.
It has changed since I bought end of September
I think that is from a very old filing, the date at the bottom might be new but it is old news. I remember reading that in an old SEC filing before and thinking how far they have come now.
If there was current SEC info, we would be right on it.
Me too, this is a perfect time to accumulate, you just never know when we will wake up and see $$$$SIOR pps raised up.
I know I have said it many times, I don't know enough about the market but I do know how to follow my insticts, reason and logic and they tell me to stay with Superior Oil and Gas and buy when I can. I have also said that my position was all strictly gambling winnings so basically free money/shares in my eyes. I like SIOR so much I will invest earned money now (spare but earned).
I am sure you are correct, I have never seen that before.
This is how it reads.
both parties agreed that our company could amend its Articles of Incorporation to increase its authorized capital to (i) 500 million shares of Common Stock, par value $0.001, and (ii) 100 million shares of Preferred Stock, par value $0.001, of which 10 million of the 100 million shares of Preferred Stock would be designated as Series A Voting, Convertible Preferred Stock and have as attributes (i) the right to cast 14 votes for each issued share, (ii) the right at any time to convert each share into 14 shares of Common Stock and (iii) the same rights as Common Stock in every other particular. Finally, the parties agreed that Superior’s directors should authorize the issuance of the 10 million shares of Series A Votin... etc.
I don't think that was ever changed.
I am so curious what that all means, but I listed my interpretation.
I would think he held some, 1.3 million, of those preferred shares and those were convertible to 14 shares each of common stock.
Keep in mind, they have never issued the 500 million as of the last time we checked, so it is still at the 200million.
In reading the post from Redward #4595 which is the 2006 SEC then if then it would seem there were in excess of 14million, shares that VERT had to deal with from the prior Officer Bill Sparks, (Am I correct in thinking his would be preferred shares)
If that is the right train of thought, how many shares does VERT still have left to unload?
It will be a great high.
Go SIOR
Need funding before price shoots up, I want more shares. Come on pay day, there won't be any waiting 'til the money clears this time.
I never know whether to root for the price staying lower or going higher, certainly never for dropping though.
Go SIOR
I am not sure I am following your correctly but It seems to me there are more current SEC filing that what you have been addressing lately and I thought all of the questions you have recently posed have been answered. I am not positive, I have read so much so it is hard to say.
They do have other active wells that could be holding the leases.
PM to me, post 4334 would be the reference. It is not the same one you are referring to, comes shortly after though. I don't have PM, will get it one day maybe so replying here.
It's ok, for some reason I felt hurt, how stupid is that?
It is very good to point that kind of info out over and over again for anyone that missed it or is new.
I noted that in my post when I told about the Linkedin profile.
but it is good to see it again.
Go SIOR
Thoughts of SIOR's potential keep going through my head on a constant basis. I am so glad I have a job, otherwise, I
would be travelling to Oklahoma to clear them up.
I suppose I could sell my shares and never have to think about it again, but that aint gonna happen.
I like the warm fuzzy roller coaster obsession.
S urety
I n
O il
R iches
S andridge
I n
O ur
R egion
S uperior
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R ealestate
S tock
I ncrease
O ver
R idge
The way the ticker spells, it must be fate.
Go $SIOR
Thanks, I did read that, completely forgot. It's not important like SIOR so it slipped my mind.
Does anyone else get this message when getting on Ihub? I just get to the board a different way just can't get to the home page or use my drop down menu to get to Ihub. Always get this message. Two days now.
Under Construction
The site you are trying to view does not currently have a default page. It may be in the process of being upgraded and configured.
Please try this site again later. If you still experience the problem, try contacting the Web site administrator.
No doubt.
Go SIOR
If you think about it, he probably would like coaching baseball best of all, it has to be easier and more relaxing than anything else he is doing.
I never thought this would close below 017. It will go back up.
I would love to find more connections between everyone involved at Superior and Cactus and the other companies, there are some. t I do feel better now, on Facebook Dan is listed as the Director of Operations co/founder of Cactus Drilling International Energy Management. This confirms what position he holds and I believe it is a fairly new addition to his page.
Go SIOR
I don't look at charts I have enough things in my life to confuse me but I am sure it will close above .02 tomorrow.
I am green on all shares except those I bought on Monday and those are only a tiny bit under.
Funny it took my broker three days to release the hold on the money when I transferred it so I could buy the shares, when that happened, I was $15.00 short but the entire buy went through. I transferred money to cover the $15.00 shortage but since it was money they wanted instead of money I wanted, there was no three day hold on it. GRRRRRR
At least I increased my position.
To the poster who sent me a private message. I knew that.
And to Dee, I did that a long time ago forgot to tell you.
Go $SIOR