Van, I have been following this company for a while now... since $.009 to be exact (long enough anyway!). I am just curious about your meeting with the CEO. "He did quite a bit of physical labour since he was here in town" Is the CEO actually out there drilling with his crew? I find it a little odd that the CEO of a public company would be out drilling for oil by himself or with his team! If he is great, obviously he nkows what he is doing! I guess one can assume that he has a long history of field experience drilling for oil and/or natural resources in general? Does He? What Oil and gas companies has he succesfully drilled for or personally ran, previous to this one?
Does this mean the field trip has been postponed? I was really looking forward to some feedback especially the pictures from DTB!
Oil and Gas production aside. What is so mystical about the share structure? Why could he not give you a number with regards to the issued and outstanding, the authorized, the number of free trading 504 shares that have been issued recently and the number of shares in the float!! After all, he is the CEO and he has the transfer agent gagged! What numbers could be so horrible if there is production from the supposed wells that this company owns? You would think his actions as a seasoned veteran would have this laid out?!
What is the Company trying to hide? or trying to fix before telling his shareholders what is going on. As for being "frustrated at the current share price" if everything in the company is going so well, why is the share price being pounded so hard? Paid a promoter too much stock and there was no plan to back up the actions in the market? Maybe I am naive but the public share structure has been all over the place as far as reported numbers, why?
It is great to see that the company has a good person handling IR, it seems Chad has a good reputation from the DD I have done! The IR company should not be giving out numbers that they cannot varify from the company's transfer agent. Just my opinion of course.
Maybe I am just new to pinksheet companies, but how many ways can you restructure a company without doing a R/S? I am very curious to see the creativity of the CEO and the actions of the Board of SGGC.
Since the first PR, what is the role of Thomas Jaboruk the President of the company? VAN, Have you talked to him as well? Is he the Oil drilling Guru we are depending on?
I too think that this is a legit company from what I have read, but I believe that I heard that the company is financially stable(not the quoted statement from the IR Company, but something along those lines) but maybe we can assume this tremendous amount of volume as of late and possibly huge dilution of the public float will give us answers as to the company's cash position.
If that is the case I look forward to the company disclosing the share structure and the HUGE bank account they have to pump oil and make us money! The way I see it is if they used this mystery promotion to raise a whole lot of cash to get black gold out of the earth than we are in for a nice ride!
If the company used a whole bunch of stock to fill their pockets and stroke their ego's we are going to have to bend over and accept the ride!!!!
How about some transperancy if there is more good than bad in this company?!?!?
JMHO. and Good luck to all wanting to see some Production, reserve reports and and Yes the "R" word Revenue!!
BTW, sorry for the long winded post!! kept it bottled up waiting for green!
Thanks for lookin out for us VAN!
Cruiser