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CB, just some questions which pop to mind, if you care to elaborate.
What group are you specifically talking about?
Are you speaking of the group of investors who were "helping out" and are long gone or are you referring to a different group of non investors or employees?
Thirty years is a long time to be a shareholder of a penny stock, especially when it could have been sold many times in that thirty years.
When is the last time you may have had any communications with Mr Lott.
Why did this outside group buy these shares from such a company as this? Has Mr.Lott or Mr. Lloyd suggested anything to you, or what opinion do you have of that situation? We have been told the group we all know about has moved on, do you know something different?
When you say the audit is almost done, how close is almost, we have been told almost done for two plus years.
While it does seem a bit suspicious that you have just joined I-hub, it also seems that there could be a good reason for you deciding to get involved now, speculation here is futile.
If you are a thirty year shareholder who has watched this all along, and you are speaking to Mr. Lott, you may know stuff. Share your stuff please.
TIA
I got one from mifflintown8, since he is no longer associated with SIOR, I assumed it was spam, however, I attempted to open it since I have drop box, could not do so.
How much would said lawyer cost, the idea is good but for some maybe not economical. Can that be done when shares are delisted? Are we still stockholders?
I informed Dan that mine are for sale, said he would refer it to investors interested. I will only sell for what I paid, one penny. It could come back, not sure I want to wait any more.
I have not, I will, I don't know when I will, it will most likely be a few weeks or more before I do. I might just do it through email. (easier to share).
I will likely ask some of the hard questions that SE presented, I do not really expect to get straight answers.
So hard to decide.
Wait it out and hope that sometime in the next two years this relists, orrrr, file an amended tax return to offset the capital gains from last year.
I doubt I'll have income this year to use it on I'll at least get some of the money back that I paid in taxes? That would also make it worthwhile to go back and use the 14th hardship exemption, on the ACA plan and get my "fee" back for not having the mandatory health coverage. Could be my best shot to recover something.
What if it comes back to life after I do that. GRRRR
I know who has been said to make this happen, I personally do not know who did it, just who we have been told did it.
Everyone always wants proof of who did what, I have only seen what is on the board, that is certainly not proof.
I also do not know if Dan is what everyone says he is, I imagine he very likely could be and that it is as everyone has stated here.
To know either one for a fact, nope.
SE, as I have said many times, I walk on both sides of the fence. I did not expect Dan to call me or anyone for that matter, why did he talk to me? I don't know, I did not ask any hard questions because I cut the conversation short, had to go deal with car stuff. I shared what I had been told and the board took it from there.
I do have the thoughts that I have posted but again, I walk on both sides of the fence so in my mind there is a constant battle to sort out. It still is not resolved.
For all I know, everyone on this board is in cahoots and it is all a big scam, not likely but it is possible.
I just wanted to be sure MTT got it. I appreciate the fallout from SE's efforts, just questioning the motives, they may simply be exactly as he has stated.
While Dan has responded to my emails and calls, SE stopped the minute I said I could not invest. To be fair, he did update us on the forum so it's not like I was totally left out of the loop.
It reads better with the question mark in the quote.
I hope you know that was pure sarcasm.
He could make millions off of other investments in a more legitimate environment and out of the goodness of his heart he is helping other investors make money? I'll buy that, sure why not.
Clearly SIOR needed his or someone's help to get it done, many people just don't aspire to have to be uber rich, just comfortable.
I will just have to answer yes to that, there is at least one poster on here that in my mind has alluded to that fact many times in different ways.
No,he did not but I knew that already so can't say it would have come up.
I must say, this is a totally recurring thought all of the time for me,
High net worth people don't throw time to the wind.
Funny how communications work on these boards. I only called to ask how things were going, I did not in any way expect an answer back from anybody and was pleasantly surprised that Dan did call.
Apparently, he has come to my area to meet with shareholders and an investor, which went well, and indicated he would love to meet for lunch when he comes out again to meet with the same investor.
I got one in February too.
I have them all, if anyone wants to PM me their email, will be happy to forward them. They really are more for the investors but there is filing info on them as well.
Your business partner compares to SIOR, things are supposed to be done but then they aren't, who knows why.
I got the postcard, completed it and got emails in December and January. Of course, I also completed the request info box on the website so I'm not sure which one got me the information.
It is an interesting perspective that you provide Geo, one that has sort of crossed through my mind but I don't know enough about the ins and outs for clarity on the subject.
JRT or anyone who wants to answer, I am only seeking knowledge of how things work.
If this is the case, I assume giving shares to family and friends would be considered a material event and that would have to be reported on an 8k? If not, why not?
I just want to see if I have learned anything about what is supposed to happen in the market. Not debating what will or won't happen with SIOR or their filings.
TIA
On the best C&C bits.
No more boat washing, good thing.
Ray, are there new Judgment Creditors? It can't be SE and gang just yet, there is no judgment until court proceeding occur and those have not yet happened.
We have been told by folks on this board of the three creditors totaling $3 million, one settled for money, one settled for shares and one changed the terms/conditions for now, if those are really in fact settled, then there is nothing to hold it back from passing SEC if it actually gets filed.
BTW, these settlements have all occurred this year.
I piece together that it went like this.
Audit started end of 2014 after they started to receive Devon monies, sometime after all of the monies were paid to the agents, accountants, consultants the auditors did their thing and said, "oh gee, you have to pay off the creditors before we will sign off in the financials" 3 creditors settled between 1/2015 and now.
Now they can file.
That sounds very productive.
Only a message machine, I called there too.
Seems like a couple of big law suits will mean more delays, yaaaaay.
If the Audit was completed in December, which could be truth and said audit could not be signed off on until all of the debts were taken care of and the last debt was just resolved in the last couple of weeks, then maybe we are really close.
Of course, it means nothing if I was not given the truth.
I have a whole lot of experience, perhaps more than most, dealing with people who are super charming and full of BS, I always knew when I was being conned and would call them on it if I needed to, otherwise I just let them go on. I certainly hope that my life experiences have afforded me some capability to see through that sort of stuff though.
So my question to the board is this.
Take your emotions out of the thought process, please.
Barring the fact that it has taken a very long time and forgetting about the fact that there are unresolved issues with many parties here.
If what SE said was true (paraphrasing here),about the final judgment creditor being the one that could break the company, that is was the last hurdle in getting the financials completed and submitted, then the website is updated to basically confirm that they are just waiting on sign off by the accountants, (also an indication that the debt was handled) why wouldn't this finally be the time they are able to get it done.
Personally, I don't mind low hanging fruit. I did not purchase the stock thinking it would be the next big oil company of the century, it would be great if that happened but was not my plan on purchase.
Yes I have considered that, often and still do. However, I know this is taking a painfully long time to get things moving but I have some faith that it will work out, some people have Faith (you only need faith the size of a mustard seed Matthew 17:20) that God exists, I do not have any of that faith. I can have some faith in this working out.
I still think the form ten will be filed soon.
One other thing that I will mention from my conversation with Dan is that he was impressed with the fact that I had no outside influences to purchase this stock. In fact,I believe that if I had said it was recommended by someone involved with SIOR, which it was not, the conversation would have been different or may not even have occurred.
I also think it was a grave error on SIOR's part to give a time frame back in 2013 and so on, better to have said it will be a couple of years before we get this done because we want to get all of our ducks in a row first and try to have something to show for it, things change quickly in this business even though they move slowly.
If others had not gotten involved, they probably would have filed their paperwork sooner and we would see this trading at sub-penny if at all, many would probably have lost just as much as they have lost right now, notwithstanding the Gushers folks, waiting until there actually may be something tangible to file on just makes more sense.
The Oklahoma Sooners, everything is soon.
JMHO
Google Earth shows from the top, nothing back there.
"There are a lot of investors there who requested it"
Weird stuff going on here, an education indeed. I am walking atop both sides of the wooden fence, hoping I don't slip and get slivers up my rear. I retract the statement that I will do no more cheerleading.
Conflict looms, why is it that SE told us all the good things that are happening in Pennsylvania but there is not a single word of it on the site and in my discussion with Dan, I got a completely different answer than I expected regarding the Pennsylvania office and plans for that area. Please correct me if I am wrong but I do not recall seeing that information anywhere, I think it would be something to add to a site to help lure in more investors yet it is not there.
Who is scamming whom?
To be fair, I have had no personal face to faces with any parties involved, so not being able to read body language or see reactions does make it a difficult task to discern one way or the other.
Up down, up down, circle around, come back and do it agin.
Yup, I must apologize to all who I have offended, JRT in particular, and am conceding the fight. No more cheerleading.
It is easy to get that negativity, even without any comments from people who have had actual dealings with Dan, I noticed that they also have lost their domain name with the bbq company, which I believe all of the prior websites were built under, certainly more professional now.
If one were to type in the Google search box Superioroilandgas.com, one should see about five links from the top, part of the old website "The Recovery", this was built using the bbq domaine.
Just a small little nuance that makes me see the positive in addition to the site itself.
If you know how or can Google the directions, it is also interesting to read the cached pages from Google and other web cache sites and see the progression of change in the company, it is somewhat a pain in the rear to do it though but if you are so inclined, it is available.
Cheerleading. Go Superior.
It was in the last two days
Yes, they seem to have jumped the hurdles now. Audits can be both good and bad, this audit hopefully cleared up all the issues.
I don't remember for sure and could probably find in the internet archives but this time the investors section of the website is more informative, clearly stating where they have participated.
As we all know, the website has said "coming soon" for a while, it makes sense to update it now.
NO more surprises please.
I love roller coasters but this is a very long one, it seems to be coming to a favorable end.
It is a little over two years since this went bad, while that is a long time, there are many events (unforeseen???) which have delayed the processes. Since the last thing that SE told us was the possible BK of Superior due to an investor wanting to play hardball and since the website has been updated and since Dan did not ask me not to share this part of the conversation, I will go ahead and share.
The third judgment creditor was for 1.4 million dollars, with a person who owns 30 million shares, Dan had been told that the creditor would be at the hearing, only his lawyer was there. Dan finally was able to reach the guy by phone and discuss the situation, explained to him there are no assets to take, Dan offered to pay all of the court costs in the amount of $40k so they could move forward and that was accepted last week. I understood that this is a settlement only to keep the guy from going through with taking what they do have right now.
Hope that helps.
I do too.
I know that many folks think it is or was a scam, I think there is a lot lacking in the company but also some good things too, as stated before, many things are verifiable if one looks and pays for it. So there is enough evidence to convince me for now that this is not a scam, that Dan did not take off with shareholders money and that it will come back to life.
That is all that any stocks are, assumptions, some are good assumptions, some are not so good.
I am a very small shareholder, only bough $3k worth.
How about calling him yourself, he is receptive to people and has his reasons for not being receptive to others. That way you can decide on your own and share what you feel is appropriate. Just email him if that makes you feel better, do not be rude or you will get no response. His email is Danjr@superioroilandgas.com
I think he has been burned enough and learned his lesson on giving time lines, time frames, expected outcomes.