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If history and actions from SIOR management are an indication of future performance than no one can dismiss their empty promises, secrecy and running a public company like a private company.
Maybe they got what they wanted?
I'm hoping we get lucky and management does the OPPOSITE of what they have done in the past (does what they say) but HOPE, my fellow investors, is the tell tale sign of OH-OH
What a great company with sound management and a great ride up up up. Refreshing for penny stocks
Reality is we don't know .
What we do know is the SIOR CEO has been a naughty boy .
What we do know is the SEC is about to downgrade SIOR unless they do something they promised but didn't deliver on 2 public occasions.
Hmm.. Thought SIOR had two weeks to try to get out of grey jail?
Wow! Great DD! Doesn't look good for SIOR I must admit. Suspicious past, suspicious present and questionable future. Appears they saw this coming and xfered all the assets . Perhaps a legal "sale " for $1 took place amongst the questionable family members. I hope all the clues don't lead where they seem but hope is never a good investment.
Was my comment on SIOR just misquoted?
Every company is run differently. SIOR CEO is no bill gates or steve jobs. Management is "less than excellent" when it comes to communication, responsibility and reliability or any of the essential things one would invest in when ensuring good management. My take on it is they simply got lucky. They MAY have some arrangements with a company. Almost any company have things that SIOR is lacking called good management. Know your risk and guess you return. At this stage, the company is high risk and high return (even if they did get current), they still be stuck with the same management. Replace the CEO with someone more accountable and communicative and than time to raise the chips. However, this is not the case.
I've got some chips in and hope for something. if they get lucky than great if they continue to mismanage than no biggie, bury the company and continue on. Choo Choo
Gotcha , conservative is the way to be. Experience reminds us it usually takes longer and costs more so under forecast and over deliver . Is that 30 day average post IP or initial production? The MISS is known to have a steep decline curve, albeit less in Kansas. Also, Do we know the breakdown of how many acres SIOR owns versus leases?
Yes, The "why" a corporation would transfer assets out of one entity to another seems fishy. ..
I have not done extensive due diligence with this company however it seems clear they are "less than excellent" when it comes to doing what they say and say what they are doing....
Interesting find .. Is Superior transferring assets out of SIOR into the Lloyd's .... Hmmm...
Possibility, true. However do we know KMAG has these claimed financial resources as their press releases claim? The website looks like they spent $230 bucks on it (major flag) and no-one ever picks up the line (major flag). What competent business doesn't pick up phone with multiple departments to choose from? There are no list of departments nor company contacts listed either (major flag) . Last I checked, we r in 2012 and even the less savy penny fraudsters try to cover the flags mentioned above.
Ur thoughts ?
Holy under value batman!
That is a gigantic statement coming from you, considering how tremendously undervalued you view SIOR. Go Falkland Oil and Gas!
K. Any idea on the float? What became of the Guerra #3?
Now it appears there is a Garcia #3 . I noticed on past PR's there was some other well(s) that were supposed to be drilled but didn't see any income. Is there any other short term cash potential projects in the oven besides the Garcia #3?
Looking to add some gems to the ol' penny stock oil and gas portfolio. Can anyone summarize both the good and the bad with GRPR?
Wow! Well said!
If mngmnt hasn't proven themselves in 7 years than history will repeat itself. Historical patterns are a statistically reliable gauge of predicting future results. Assuming mngmnt has not been replaced , this stock will most likely continue it's demise .
I'll do some more DD, but sounds like this isn't the next Steve jobs company ;)
Yes u must . How about "liquidity". Another rare treat for penny stocks.
Go KMAG investors- looks like
Fly fisherman reeled in a nice one.
These SIOR leases sound good. However, has anyone been able to confirm or disprove their existence?
Also, suppose 100 million dollars comes in. What about SIOR's liabilities? If they sell out for 100 million but owe 300 million in taxes, lawsuits and outstanding debt, it doesn't really make a company, correct? The strength of any company is management. I'm still curious why the $700 bill has not been paid in there incorporated state?
I'm still combing through all the posts since last year. I'm in March and thus far have not seen any answers...
Also, I'm sure you know those MISS horizontals are not all gushers. Let's not get too excited yet. Some r coming in at only 60 BOD IPO and will never pay for themselves. The fear in these plays are the decline curves. The MISS is notorious for coming in strong and dropping off strong QUICK. If you notice, there has been no significant recent runup for Cheasapeake, DVN nor Sandridge (three main players in the MISS resource play). It's a work in process---let's see how this resource play fairs....
I acquired a small position in SIOR. Why? Against my reasoning, mostly because someone I respect believes in this company. If it goes to $0.00 I'll be fine. I'd like to acquire more but there are 2 many unanswered Q's that exceed my risk tolerance for the time being.
Lots of speculation. Facts are this company does indeed operate like a private company. This is not good for any shareholder. Fact is they have missed all of there targets. I don't buy the "there are always delays" crap. A good CEO factors in these things always. This is called vision and foresight. Another Fact is they certainly do not pump this stock. Here is part of the confusion. Certainly not a pump company. Dump remains TBD.
Here is some recent DD. I called the Nevada Sec of State to see if there business registration was current. Guess what? No! It only costs approx $700 to keep the registration current?! This reflects a company who extremely cash flow poor and burdened with excessive debt or negligent. Thus, unless I see more, I will only allot disposable money to this company. I will continue with DD and welcome anyone's input.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=U1XRn1T5ExC1prRZv4jOPQ%253d%253d&nt7=0
Nope. ?.
Don't have a clue w what Ur referring to. Does this have anything to do with DD on SIOR?
Yes, correct. No inside information facts to hinge investment on.
As for the public nevada state confirmation dated 2/21/2012 the A/S, preferred and common shares have gone up significantly. W/o knowing mngmnt plans, only thing left is to speculate w clues.
Does anyone know SIOR's operator status in OK? Also, how much gross revenue they operate in OK ?
This can be researched by looking at the OK tax comm. http://www.occ.state.ok.us/og/ogsurreq.htm
Yes, Thanks. It sounds like u know more than u r letting on so far but hints r valued too.
I'm performing DD on this company. I welcome any and all input. I'm considering opening a large position on SIOR. A respected Oil professional generously advised me to look into it and boy am I.
Not done with any conclusions so far other than the Company has clearly missed its forecasts of when "things are going to happen". Filings estimation off , drilling estimation off.
Lots of speculation but what r the liabilities and where is the proof of claimed assets? Still digging...there are lots of asset rich/ PPS poor opportunities out there- the magic is timing and evaluating risk/reward properly. A time consuming process but necessary for large portfolio positions.
Smart money is usually inside money. In this case , I don't see any insiders selling (no reported selling) nor buying.
The A/S has recently ( 2/21/2012) been increased.
10 mill preferred of the 100 mill preferred authorized have a 14 to 1 conversion option (adding 140 million to the possible full dilution)
Therefore on a fully diluted basis SIOR went from 200 Million to
500 mill plus 90 mil preferred plus 140 mil converted preferred.
Thus from 200mill to 930 mill fully diluted basis on Feb 21, 2012.
This is almost a 5 to 1 fully diluted potential increase.
Is this correct?
Ok- I don't get the innuendo .
What does BBQ sauce have to do w SIOR?
I do seem to recall a spice company with SIOR's exact business address at one time. Perhaps it may have been a coincidence...
Still doing Due Diligence on this company before I consider opening a position. Based on others DD, it appears that SIOR has some leases in OK in the MISS play. Based on strict asset valuation, this company APPEARS undervalued. These leases can bring anywhere from $500-$2000/ acre depending on multiple factors.
However, there is much more to a company besides assets. What are there liabilities? What is there cash flow? Are they operating in the red? Is debt suffocating them and the reason they can't and won't report?
Valuation of a company does not consist of just assets, otherwise every company would appear undervalued. The cash flow and liabilities are hard to determine since this company is non-reporting. After reviewing past posts, it appears they have claimed no money to report? Furthermore, they claimed they will report but 9 months later, nothing?
Their lack of PR's is double sided. It's good in the sense they are not the traditional pump and dump fraudsters. However, it's not good in the sense that they are a bit extreme and do nothing to promote the stock/company (JV's, drilling, acquiring, etc).
What it boils down to is what are there liabilities and what is there cash flow? ie: what is the risk of them filing bankruptcy?
Please note, I'm not trying to bash nor promote the company, just performing DD before I skip to another company or invest x dollars in this one.
All comments, both anti/pro SIOR are welcome.
Hi Guys,
I have been doing some due diligence on this company. They seem like the opposite of many pr printing press penny stock companies. This is reassuring in one sense (not a pump company) and a concern in another (marketing is a proven way to generate awareness and demand for products/companies (higher pps)).
After reviewing last years posts I was wondering how accurate SIOR management has been with coming through with its projections, promises and building shareholder value.
Any comments?
TECO 2's day
Here we are.
How much longer before we see the 1's?
Anyone know how long a company who has been lowered to a PINK SHEET LIMITED status can remain a non-reporting company before they get de-listed?
TECO PPS falls in the 2's soon. ?
Will The 3's become the new high (ie: the good ol' days)?
Anyone know how long TECO can remain "pink sheet limited" and non-reporting before they get de-listed ?
Who's gonna be left holding TECO shares?
Reminds me of a hot potato game kids learn.
Pass it quick enough and u don't get burnt, but there are always losers and winners.
Bid is sitting at .031. Guess at these falling prices the 50 day moving average is screaming ABORT, SELL, MAYDAY, JUMP and SHORT.
Too bad we, the public, can't short penny stocks. Otherwise, this would be a great opportunity.
I just re-checked with Etrade and TDameritrate. They both said the same thing. Penny stocks can not be shorted, especially a marginally held PINK SHEET LIMITED stock like TECO.
Let's see if it's TECO TWO'sday soon...
Disclaimer: I'm not completely bearish and would consider re-entry if/when the PPS < .01 , (using spare change of
Course for a very limited time. )
SEC investigation on TECO?
Is there any truth to this rumor?
If so,
Wonder if it's :
1) because of TECO management's shady and questionable history and practices? (Google it yourself)
2) the outlandish , unsupported press releases like the last ome caiming they discovered a 6 million dollar field In Belize. This that was quickly dismissed by the Country's officials- however, unsuspecting investors got snared.
3) Because they just got delisted from a lowly pink sheet penny stock to an even lowlier non - reporting pink sheet company?
4)
5)
Etc etc
Buyer Beware : Do your research ! TECO is getting TKO'd . 7 million shares of zero is zero, not the first time a penny stock vaporizes. The usual suspects...
and that's no Bull
Sent from 3G Smartphone
Insiders lining up to dump TECO ?
Anybody have a current list?
Treaty's "PR firm" doesn't even have a website?
"they" don't even answer the phone.
"they" don't return phone calls either.... Hmmm...
Slim shady?
Don't believe me, nor any one else here....
Do your own Due Diligence.
Begin to unveil the wolf under the sheepskin.
Here is the contact info for their "PR firm."
Notice no website is listed (it doesn't exist - from a PR firm??.... Hmmm )
http://www.treatyenergy.com/nonflash/index-7.html
Is this TECO's brother in law?
Larry, Moe, Curly?
TECO falls into the three's
Smart money sells now before there is no company left to sell.
Wait till the release the 10K! Investors will be crying Mayday!
TECO soon be TKO'd
....The next week, next month, next year, next lifetime of empty promises are failing to lift prices anymore due to lack of transparency and very questionable management practices.
Anyone ever try to contact their "PR firm" who doesn't answer or even have a website?
Wait , a PR firm who doesn't have a website and who doesn't pick up phone or return messages?
Don't believe me, try it yourself.
Buyer beware --- do your research and spare your losses.
Or Use TECO's slogan--" Next week"
TECO is and always has been a "Next Week" Company.
Two years later and the Oil will be there Next Week, The 10-K Next week.
Meanwhile the Liabilities continue to increase despite the next week promises. The insignificant Revenue is atrophying.
TECO will soon be TKO'd by itself or by a larger entity....
Next week we go into the three's followed by the 2's followed by ----
Smart money is selling now. I wouldn't be surprised if the insiders are all lined up with the sell orders...I can hear it already---should have sold but didn't---oops.
Easy- just look at all the TECO press releases from the TECO printing press.
However when one actually researches what is REALLY going on - one becomes aware that TECO's claims are like Belize- Far from fact.
In fact, According the Texas Railroad Comm- TECO isn't hardly producing anything. They net enough to pay for the electric bill providing there is no more than one light bulb. On top of it the production is dropping of so hope they have candles. TECO is soon gonna be TKO
Another TECO spin story., nice. Where is the proof?
Actions, not words or spin stories illustrate Belize was a huge failure and now Texas- again.
Game over as will be illustrated by the 10-k.
Next week will be a a tough one for those who still are holding TECO devaluing shares.
I'm surprised TECO didn't announce they found the mother pool of oil in TX. Not like them... Hmmm... Someone must be watching them and this board...
TECO shorting would be an excellent investment.
Unfortunately since its a low grade penny pink sheet stock (and almost a delisted one)
No reputable firm carries these types of stocks in inventory. Therefore the public can NOT short them.
This "shorting" and "market manipulation" is hogwash. The reason TECO is about to plummet is based on Careless management not shorters. TECO is a promise company with no oil but a lot of "next weeks".
It's not personal , happens everyday- look at Circuit City- GONE. Who is going to be left in the TECO sinking ship? I see 2's coming on soon- especially when they release the 10-k. That is if they ever make it that far...
Buyer Beware, do your research, don't believe me or anyone else.
TECO Bottom line : an unsuccessful striper well company who tried but failed . TECO is about to fall even further.
TECO's most likely fate
based on several unsuccessful dry holes and mismanagement :
1) SEC shuts them down (for multiple reasons)
2) Bankrupcy ( they r way below empty and won't be able to raise anymore smart capital based on their public history)
Either way enjoy the fleeting 4's. I see this stock in the 3's as early as next week followed by the 2's followed by the eminent RIP. The 4's will be soooo lucky they got out while they still can. The exit door is going to get crowded soon- just watch....
Wow! Reid dumped 20 million shares! . Hmm maybe he knows something we don't .... YET
We should be thankful that someone is providing 3rd party due dilegence to the TECO shareholders investment at their expense. Does TECO have something to hide? Seems like now that we have more checks and balances, the press releases have tamed down with the claims. Otherwise they would have us thinking they found another 6 million dollar field and are drilling and discovering oil in the granite concession the accidently leased.
Keep on the 3rd party due dilegence. I'm sure TECO has nothing to hide exept the things they can hide.