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If a 10 to 1 RS brings the share price to .30 cents that's nothing to brag about - relatively the same price as before the halt.
If you mean $1.50 to $3.00 as a starting point that's something most would support. Dollars should be easy in a short time considering the large projects, well inventory, no debt, & the goodwill of the people in the O&G industry.
In fact a $10 pps post RS might be more doable than a 1.00 pps pre RS. A 400 million share stock might get stuck in a quagmire of little to no capital influx.
I trust management & S.E. to do the right thing for both the Company & Shareholders.
Lets Get the Party Started !
Oil's not getting cheaper & I'm not getting any younger!
I'm glad you said "much has been accomplished for the commons", glad to hear..
It would be better to RS the preferreds too ? I hope.
When original shareholders are made good & the Relist happens Cease and Desist with the wild accusations.
I agree 100% Junk. Chesapeake Energy - 500 mil. shs
Conoco Phillips - 1.2 bill shs
Phillips 66 - 550 mil. shs.
Are these companies respectable with large OS? Yes!
Can Superior grow into 350 mil.shs? Probably.
Does venture capital want a 350mil sh. company ? Probably Not.
They want 35mil shs so they can get a piece of the pie as the
Auth. Shs. grows & they buy in.
Everybody wait for Edgar Filings & PRs then we can hash it out either pro or con .
I agree. I know the original plan 18 months ago was to Not do a RS at the relist but to wait several months. I don't know if that's still the plan.
I would be inclined to sell 1/2 after the first spike if the relist & RS happened at the same time.
Superior has NO Debt & is becoming a cash machine it's been said so no need Yet for a RS, IMHO.
I would hope a RS wouldn't happen until the stock price rose a $1 or $2, at least wait a year with oil going back up there's no hurry & would help the smaller shareholder.
Now a 10-1 RS at relisting and a IPO price of $5.00 - $10.00
assuming Superior roles out big plans - that would be good.
It's been said most funds won't or can't buy below $5.00 so a $1.00 stock after RS is no good imho.
People have been saying .25 at relisting , so now I'm in shock it might be only .25 after a 10- 1 RS.
Of Course any RS would have to coincide with a decrease in Auth. Shares or many would bail.
S.E. could explain how the relisting is going down but probably not permitted to do so.
WC, When they get the stock trading I & others will have
plenty of $ for the bigger projects! I just wanna help build
something huge & solid!
When SOG files form 10 it will immediately appear on Edgar. :)
Where's HotStockAce ?
EXCELLENT ! The excitement is building.
Superior is headed for the Buzz Cloud !
Now is the perfect time to relist , the stock price can start at the bottom and gradually stair step its way up. And thats better than if we relisted last year only to watch it tank. Look at Osage Exploration--went from $1.30 to .25. Though I think they have a lot of debt ,does anyone know how Superior compares to Osage?
As far as Relist the financials should be submitted with form 10 to the SEC BY Feb. Then Mr. Greenberg can market maker it thru FINRA.
Keep watching Edgar.
Some wise man just snatched up almost 7 acres of oil lease in section 24 with Superior a free carry. Keep up the good work!
A simple question for people in well #23. Have you received from regular postal mail a revenue check from well #23?
Because I HAVE NOT received any checks to date.
thanks.
Today is the 15th of the month hopefully my 1st check is mailed this week..
Just Great... Superior Oil & Gas Co. has nothing in common with companys that have high debt , high cost , & poor acreage .
Possible oil companys on Bankruptcy List -- Halcon ,Goodrich, Triangle ,Magnum Hunter, Oasis , Exco - via a oil expert .
Why would Hedge funds invest in those when Superior is a superior investment ? Welcome to the SweetSpot !
According to an oil analyst Devon is one of the top 5 less likely to experience a negative impact on their drilling program or production estimates along with other " liquid names" - Anadarko , Marathon, Cimarex, & EOG.
All have high quality assets & balance sheets.
"Many Different Projects" --- I like the sound of that! :)
Danny Boy is stepping up to be Dan the Man! A few new faces have helped & a few trouble makers are gone to boot..
I think the past mistakes will actually be beneficial in clearing the air & letting everyone find their proper & best role in the company..
Sounds like I'll have call Devon. Even though my account is a "netted " account those invoices weren't to clear --basically said to pay up..
Thanks W.C.. 1 More Question - #23 started producing in Jan & I sent & paid all additional invoices , shouldn't we receive our % of production for those months ?
Tell Devon that blackmailing isn't good for their reputation..
When is Division Order for 14 going to show up?
Took a 1 million share starter position yesterday, no more until something develops..
WildCat ---Thanks for all your DD over the years.
I'm happy you got a lot of shares.Only
1.25 Mill. for me but will still be more
$ than I could ever earn in a lifetime.
Look forward to the stacked drilling!
S.E.----Your expertise, guidance, & graciousness have
made this possible and us shareholders owe you
a great debt! All we can do is pay it forward.
PROV. 3:6 "In all your ways acknowledge Him,
And He shall direct your paths "
Most my SOG shares were financed by debt because I felt
strongly that's what I should do.
On the day of the halt ----I threw up ---
"But never doubt until it plays out !"
Bought other pennys on credit & waited a whole year.---
Then zoom zoom up they went. The debt is gone & all is calm.
Now we wait for the next Superior Chapter And I know it
will happen,Period...
Keep the Faith & Pray for a fast, smooth rollercoaster!
Mat. 14:31 --Jesus said to him, "Why did you doubt?"
Maybe Devon didn't want to release any revenue until everyone signed the stipulation. (just speculation on my part ).
Yep, never yet heard a good reason for not relisting..
A reliable source said 6-7 months isn't set in stone .
Sometimes Devon will shot gun the wells out in a few weeks, one after another, which imho makes sense with the drill rigs already on site.. Who knows about our sections.
Thanks for the infor.
Devon sometimes drills the 2nd & 3rd & even 4th in a narrow time frame depending on conditions , so gather your funds. :)
Phase 1 drilling included Sections 12 ,13, 14 & 23. But also included Sections 21, 22, 15, & 28.
Section 28 of Payne Co. has Red Fork Energy as an Adjacent Acreage Holder.
Wonder if these are Mississippi or Woodford Wells ?
And if the Viola Shale or the Cleveland Sand are scheduled.
any of these new wells on sect. 12 ,13,23 ,14 ?
Great news, On D.O. watch as the mailman is still delivering today..
Another great post, I hope people read & understand it & not let emotions make their decision .
Do you know if sect. 23 has a stipulation agreement ?
If not , D O's should be arriving soon .
Nothing to worry about --- At the time I wasn't sure if Gushers was a scam or not , just being prudent ." Train hard , fight easy".
personally it never bothered me, I only worry about real threats.
I remember student ID's were ss # & in a lot of other things.
Thanks jakane,good post..
The original Gusher site had a "Dashboard" with every Gusher's
Name , Address , phone # ,and how much interest in each well
for sect. 12 , 13 , 14 ,23 & even ss# . The dashboard site didn't last long ---- but long enough for me to print a copy ..
Bones, where's the PR? talked to IR recently.
Thanks , but I'm Done connecting with people for right now..