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Where is the current, verifiable information to back up claims that there is no money, no possible way to get it, no valid leases, no way to drill, blah blah blah.
I'm all confused now, is it bar b-q blinds, or mini b-bq's, oil blinds,mini wells (she's a nice gal, kind of saucy) is a post about SIOR drilling about drilling or not drilling.
What is the truth?
SUPERIOR!!!!
What year was that? And where does it say it is not their well?
So if you are posting something to back up the fact they are drilling, current or not, then what evidence do you have that they are not drilling, which was your point to begin with.
Nope nothing to see here for sure.
How does one know if they are drilling or not. Since they have not been reporting and seem to fall under the threshold for reporting requirements, unless someone has evidence to the contrary, they could easily have been drilling since mid year.
Hiding in plain sight.
GO SIOR
SUPERIOR!!!!!
Temporary LOA, he will be back soon.
So far the only thing that has been proven by SEA is they can read, there is no evidence that the problems are not taken care or that financing could not be obtained. Sea's evidence presented is just what is in the filings, show me real proof something that says they could not get funding or are not producing or do not actually have the properties.
Looks to me like it is a push to drive the pps down, why would a moderator want to push the pps down? logically, it is to purchase as many shares as possible because they know the actual worth is far greater than what they are paying.
Show me the evidence that Weiss/Guttman is no longer involved in a mjor way and maybe a case can be made.
GO SIOR
I would like some of those too, It is never pay day when the pps is dropping, only when it is rising, I am satisfied with my position of an average price of a penny for what I do have.
GO SIOR
LMAO, great day.
SUPERIOR!!!
Maybe you are correct, I just understand that in the oil business,many things can be hidden in plain sight. Many things are hidden for a reason. Things are not always as they appear.
Good Luck to you.
GO SIOR
If you refer to posts on this board, as I previously mentioned, you will find all of the necessary information to do your very own DD and you will probably discover why the company does not comunicate with investors. You will not find any of it in the financials, well maybe a starting point but that is all. There are hints and references to where to find information all over the boardand the website, it is a far deeper searching than just looking at the financials, it requires a great deal of time, investigative mind, inovation, logic and some luck. You will never find it in the financials until they are updated. Without even paying for information, I was able to find enough verification to satisfy me regarding current assets etc.. I am not going to share what I found because no one ever believes it anyway and I would have to explain too much of why I am satisfied with my search results.
Go SIOR SUPERIOR!!!!!
BK is a matter of public record, it would be easy enough to find out, have not seen that.
Well, there is no way to know right now what is going on, much can change over two years, if a company was so close to BK two years ago, why hasn't that happened?
You might want to refer to post 7460, some other posts on the board by SE, WCD, Geo and then research the statements made.
I don't think SIOR is required to file based on the thresholds below. These are the OTC Pink filing requirements.
Reporting obligations because of Securities Act registration
Once the staff declares your company's Securities Act registration statement effective, the Exchange Act requires you to file reports with the SEC. The obligation to file reports continues at least through the end of the fiscal year in which your registration statement becomes effective. After that, you are required to continue reporting unless you satisfy the following "thresholds," in which case your filing obligations are suspended:
your company has fewer than 300 shareholders of the class of securities offered; or
your company has fewer than 500 shareholders of the class of securities offered and less than $10 million in total assets for each of its last three fiscal years.
Why not save money by not filing when you are not required to.
We only know what they did or did not have in the past, until/if they get current noone knows; however, what can be verified by ones own DD and that which others share is what we rely on now.
We can only speculate, isn't that what happens in the stock market?
A chart is a picture, an SEC filing is informative but not always true, SEC can't possibly catch all the untrue filings,after all, the SEC is just another government entity. So what information is more reliable than that which is made by DD and reasoning?
We have location, it has been verified and is accessible to those who know where to look and/or pay for it. The rest is a gamble and from what I have been able to discover, a good one. Will it happen tomorrow, I hope so but am not counting on it, has anyone called the office lately to get an update?
Funny thing, I always thought it was supposed to be that the mods that were cheer leaders for the board, silly me.
That does not deserve a sticky.
Holding every last share I have, just wish there was some reporting going on, for now, the patience I have learned for the last year will have to continue, that is the hard part but it should be worth the wait. Logic tells me that.
Go SIOR
Sweet to see the market re-open, sad that it had to happen, Hope everyone faired well.
GO SIOR SUPERIOR!!!
I'm betting it will be soon. I know they have had many delays but if they are trying to get caught up, then I would think they will get caught up to the third quarter. They have been exempt from filing requirements because of their size, number of investors etc..
So my question would be, under regular reporting requirements, when are the third quarter SEC's due?
GO SIOR
LMAO
Go SIOR
SUPERIOR!!!
Just cuz I feel like it.
SUPERIOR !!!!!
Still feels good
GO SIOR
Yea i'm stubborn and slow to learn a lesson, so I will wait until it hurts more, it will certainly save me from myself next time.
They do put out some mighty fine DD. Gotta dump this before it's too late.
I wonder how many shares are actually available, it's not like the longs here are selling.Everyone wants more, how many more are there?
SUPERIOR (yup still fun)
I love sarcasm.
SUPERIOR
Go SIOR
!!!!!SUPERIOR SUPERIOR SUPERIOR!!!!!!
Guys, it's way more fun in triplicate.
GO SIOR
They work well as cat litter too.
That's what I read.
So 70 barells per day average for that, I want in.
So glad I was warned before I got into the millions. I better sell.
Yup Geo got all of us, I am surprised that you and SE fell for it. You know better than that, I'm not surprised I fell for it though.
I wish I had not bought any, big regrets here. Thanks goodness my budget has been limited so I could not buy enough to lose my ars.
All the questions you ask have been answered on this board, the only verifiable information is what we can find for ourselves, for some, it is worth the risk and for others, they need to have everything up to date.
Too high a risk for the average investor, nothing here anyone wants.
Go SIOR
SUPERIOR
SUPERIOR !!!!!
Changed my post, Geo does a better job at explaining, I just have faith.
The current sticky helps.
We should no longer see the stop sign that has been posted many times here, it has changed to a yield sign.
GO SIOR
If something good was not happening with SIOR, why bother to get the filings up to date, I look at it as very positive.
SUPERIOR
It will go back up, accumulate at these prices while you can.
Location with proven reserves, verified leases, wells, resources, experience, only thing really missing is the reporting and that will happen in due time. Smart money will come then.
I love the risk.
Go SIOR
Landmark day for me, after a year of slowly accumulating SIOR I have finally crossed over the .001 pps. average.
SUPERIOR!!!!!!!
Yup still feels awesome.
OK, I gotta try too
SUPERIOR!!!!!!!!!!!!
YUP that does it.
thanks Mr. Beach, that is excellent information to share.
Go SIOR
I see your point, it has all been said before, the fundamentals have not changed, the company does not report and they are not required to at this point. We have to do our own DD.
It was a better board but only because of all the information available by the folks that did some digging. They have already said their peace many times over, mostly falling on blind eyes or deaf ears.
The last news from the company was they would drill by mid 2012, in my mind the beginning is Jan to April, the Middle is May to August and the rest is the end, we just past the middle and nothing ever seems to be done on time in the oil business. I think it could still happen just not on our time schedule.
GLTA
GO SIOR
A year ago it was trading at .003, does not seem worse to me. There just isn't anything to say right now.
GO SIOR
When does that leave, I must hurry up.