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Thanks, I know that SIOR has a bad rep from the past and has stated more than once, prior to delisting that they would be getting current. There have been a lot of delays, some internal, some external. Perhaps not a well run company for many different reasons but I do feel they are moving ahead. Dan did give me an expected date to file the 10k but asked me not to share for obvious reasons.
I will concede that if it does not happen by the end of this year, it likely never will.
Go SIOR
Maybe one day, I will be convinced this is a scam, it will not be because of anything anyone here has said though. For now, I will remain blissfully oblivious with the revoked stocks that have a potential to come back.
I saw that too, I guess that will be straightened out when the lawsuit is complete. Still, if everyone thinks this is a scam and wants to prove it, they should also file a law suit and get their money back. Anyone can sue anyone for anything any time so what is there to lose?
Well, my bad, oops.
I have read them all several times. I would have to go back and re read the 8k's but they matter not to me since they were all created prior to 2012 when Dan took over, ( my understanding is he was asked several times to take over and reluctantly did ) the 8k's in existence are far more applicable to Dan SR and Bill Sparks and Gayla McCoy, who were the primary folks at that time.
Dan reluctantly took over a mess and has been trying to straighten it out for three years.
I read Gayla's response and all I could get out of it was that (in my own words) she, as the main person in the office, the main document signer has no idea where the documents are that are being requested? How does that person/secretary/long time girl friend of Dan Sr. who I believe did scam people, have no access idea where the documents are, thus her answer is to only deny the allegations.
Dans answer is for her to provide proof of her allegations, which as Secretary of the company, she should be able to do yet can't.
Did you read them, what is your interpretation?
People say it is a scam, that Dan ran off with the money, well Dan is still there, still available, responds to people and it looks as if it may be Gayla that ran off with the money, a company officer who was there well before Dan accepted the position of CEO.
Dan accepted the position of CEO in 2012, prior to that it was Bill Sparks and before that Dan Sr. So Dan took over a poorly run company with monies being hidden or removed completely, fixing it does not occur over night, doesn't even occur in a years time.
Just wondering, if Dan/SOGCO had not been overly optimistic and had originally stated that they will relist in 2-3 years, would anyone be questioning it?
I have no evidence to support it and no one would believe it any way but I was told by Dan yesterday that it is settled, I like how it was settled, it cost very little for SIOR to take care of it I won't share the details because I cut our conversation short due to my schedule, so I did not have the opportunity to cross examine the witness (Dan) thus it would be unwise to share what I know and start another speculation war on this board.
I am a skeptic about everything and everyone, have had much experience in the ways of recognizing BS, I just did not get that from our conversation. As I said, it is my opinion we will be relisted and trading by the end of the year I hope so, because cold leftover crow really tastes bad.
Please call the office, they do respond.
I think the people who believe they have been scammed, should do something about it, provide evidence, not hearsay, not opinion, true evidence, then if it is a scam, it will be easy to prove in court. Just because timing does not come on as SOGCO has planned or stated does not a scam make.
End rant.
I found the information in the lawsuit posted by ED F to be very interesting. It points out how things were run at Superior prior to Dan JR becoming CEO. There seems to be no paper trail, I think Dan really inherited a mess, he did not create it, I could be wrong but that is how I see it. Also of note, is that the original suit was filed in August of 2014, we are now in May 2015 and that suit is still pending, this to me is an indication of just how slowly the real world moves.. I also suspect it was found out when they began the process of auditing so they could relist, it really fits along with all of the delays that have occurred.
Another point I must comment on now that I have my 15 posts for the day again is this, SE arrived to SIOR in November of 2011 (based on posting history only) and bought for the first time then. Some of the people who have complained that SE influenced them to purchase, had been purchasing this long before he came along, (again, based only on the posting history on this board).
Cactus was Dan jr's to begin with and he brought it along for the ride, would it have made any difference to anyone in the sections they purchased if Cactus had been brought up regarding assets owned. Without the Cactus assets, would there have been something to use otherwise? I have a hard time understanding the offense committed, I know it has been explained to me but really just sounds like the sour grapes stories.
I know how to discern, think what you want and I shall too.
I will be a wiser fool if I am wrong and you may be a happier person if you are. If you are not wrong, then at least you will be able to gloat and say how right you were this time. Sounds like a win win to me.
Nope, that's not the reason but keep trying.
HMMMM, it is really starting to look like much of the speculation on this board by some people is being answered, do not believe everything you read on a message board.
What happened to Gayla,
Why did Superior sign over some of the royalties
Why does Dan take so many vacations,
What happened to the money for bail out
Things are showing up.
Perhaps it is not as shady as some make it out to be?
per the documents, right company.
He likely would have if I did not need to cut the conversation short.
Superior is Suing Gayla and her related companies for fraud, that could explain an awful lot about where the monies went that were supposed to be around, she was the treasurer at SIOR.
After all, Gayla was Dan Sr's long time girlfriend and could have been involved in such things in the past, wasn't she also part of bbq, I would have to research that
But this just clarifies many more things for me.
Thanks for posting.
It was handled in a very nice way indeed. Didn't cost SIOR much at all.
Yes they were working on the audit today as well.
I too was very discouraged, life works that way, positive one day negative another. I believe the situation has rectified itself now.
Yup, caca occurs and it just has to get cleaned up.
I don't know if it will, I hope so but at least I can live with the knowledge that I was not and never will be influenced to do something by other people, certainly will not blame my errors on others, not one single person forced me to buy or convinced me to buy into SIOR.
So tell me, how did David Greenberg get involved with this, what is his relationship to the company, what did the SEC say about the 1000+ investors, what did they recommend SIOR do, why are there transfers how many times did management ask Dan to be the CEO, what did he say, why did he say it, when was that? Why is there an office in PA?
Are your answers speculation, conjecture or opinion.
I suppose it could all have been well scripted and planned but I was never influenced to buy by a bunch of people on a message board, I was influenced only to cheer.
Haters are gonna hate.
Have you talked to him or emailed him? He has replied to every single one of my requests for information. I'll probably have lunch with him next time he comes this way on vacation.
This is not the only message board I have ever been on, most things said should be taken with a grain of salt, in my lifetime, whenever I hear gossip or rumors that interest me, I go to the source to clear it up, funny how different the stories are.
Dan is not the problem from what I can tell but again, haters are gonna hate.
Go SIOR
It is just my opinion, I am serious.
Dan and I had a long discussion of what has occurred over the past and the present and how things came to be as they are.I am naïve in many things related to stocks/business but am very good at seeing through BS.
I have never been influenced by others, the best salesman in the world can come to my door and I won't buy what he sells no matter what he says, won't even take the item for free if I don't need/want it it. I walk my own path and I usually walk it alone.
I have a very clear understanding of what transpired with the creditor who is playing hardball, with how the business has transpired, with why Dan is even the CEO, I have a very clear understanding of why timeframes are as they are, why certain people are or are not around, why phone calls do not get returned etc... I did not even have to ask the questions, they were answered in the course of normal conversation and make more sense to me than most of the BS I can find here, but that is just my opinion.
I have a good understanding of the numerous vacations, etc...
Haters are gonna hate, period.
I got a call back from Dan, everyone on this board is way off base. This will come back this year. I liked our discussion, it cleared everything up.
Yay.
Superior!!!!!
FWIW, I called both of the numbers on the "contact us" from the website, the Appalachian office has an outgoing message indicating it is Superiors office in Appalachia and the Oklahoma number, a woman named Ruth answered and took my info for a call back, not sure that will happen, she said the most appropriate person will call me back, I heard others voices in the room too. I guess that proves only that the phone numbers work and at least one office has a staff of some sort.
Ruth was just as illusive when trying to get information as Gayla always was. Is there a chance that Gayla, Joseph and others just retired from volunteering their time, or just retired period. They all have other businesses to run and are of retirement age?
Last thing that was posted of any significance was the fact SE advised us that one (the last one?) of the judgment creditors is playing hardball and wants the assets, no settlement, Superior is in the fight for their life now and it is make or break time, unless I have missed something since then, it is all about that.
Lots of speculation with nothing really tangible, just frustrating.
Just some reflections/ramblings
of SIOR
I got into this stock all on my own. I read as much as I could find for free. Thankfully, there is no one to blame but myself for getting into this. I knew nothing about any hype or pump of this stock, I picked it strictly because it was oil and had a better discussion board than the others, perhaps not a good way to pick but whatever.
I believe that SE has told us this is old debt, I saw lots of old debt in the filings that are available, I am fairly certain that is the debt that is being discussed here. Since the last filings do you think they would even have been able to incur more debt, they were going to go under thus it must be old.
I suppose it could have be an elaborate scheme to get investors money, it is really good one if it is and I'm not sure the company could pull it off. The larger investors who are in this and have put their money where their mouth is and are highly likely to have plenty of resources, probably could have gone in many other directions so why waste their time here trying to scam people for several years?
While I am not impressed with the leadership, I will state my opinion again. A bunch of folks who volunteer their time in exchange for one day getting money from their shares, folks who all have other lives to lead, voted in Dan, a CEO who was a fairly logical choice because it was his fathers company. Who else was going to do it?
All of things that have been posted on this board by those who actually know and discussions I have had with a very few make sense to me, not good business sense but understandable for a company such as this.
I love gambling.
It could be a fact that 90% don't go to trial but that is because they settle. Settle usually takes money or something tangible to settle with, what exactly does Treaty have to settle with?
Not sure why on 3/9 SE would post that they have established an Appalachian Office if it was BS but there is probably plenty of other BS out there.
There is also a review on the New FB page dated on 4/7 from Joseph Naylor Keenan indicating that SIOR are very disorganized, stay away, I take this with a grain of salt given his previous vetting here and given his new business venture.
I do not doubt for a minute that they are disorganized/have much BS going on and are in trouble, I really hope they know how to throw their sharpest knife.
That is my take on it as well, I can only think they have had some sort of contingency plan just in case someone did play hard ball, a good business plan should have that.
I hope.
Now that I have a place to live again, I can wait.
Sending good thoughts and vibes to Lott's and Gingrich's, wish I could do more.
Could it be that if they had not voluntarily done this, they would have basically been forced to anyway, they would have been suspended and still not able to comply with reporting requirements. We would be in the same place I think from what I read or perhaps a slight chance of trading on the worst of the worst markets.
Funny how things can get so twisted on a board, I would think it is good that we have heard nothing, no news is good news, well sometimes.
Pretty sure that what transferred to Dan's company was a percentage of the royalties, I believe that is as it should be, he threw his leases into the pot, he should receive benefit from that.
I want more than anything for stated timelines to come to fruition, in my experience, it is more normal to experience delays and setbacks in life and business than it is for everything to work like a fine time piece. I wish it weren't so, it seems to be worse in the oil business.
So ten days since SE last post, so far I cannot find anything regarding a BK, it may easily be too early though. Goin home to mama.
LOL, I just don't want to HAVE to go to mom's. It is my make or break time too. No choice but to let it play out.
Yes, just knowing what direction this is taking would make it easier to know which direction I need to take.
GO SIOR??????
I think it would be a great April fools joke, we will all know soon enough.
I meant it when I said I would likely been homeless if they do not get the relist done, it looks more and more like that could happen.
Ok maybe not, I can go to my mom's (lap of luxury really) but I have a 32 year old son so you can guess that returning to my parents home at my age is really low on my list.
All my shares are from gambling winnings so investing them in a big gamble was the appropriate thing to do and was money I could lose; however, it would be so awesome if they pull it off, it would be the best $40 I ever spent at a casino.
Ok, SE post in reply to your last post April Fools.
That would be a good one. (heavy sigh)
It is hard to believe that he would not.
Are you involved enough with details to have a good or a bad feeling?
I am just guessing but I take it that the big investors will not be able or are not willing to help any more to raise funds to prevent any adverse actions, pockets are only so deep.