Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
We also agreed to issue to Guttman/Weiss 140 million shares of our common stock in exchange for a half interest in Guttman/Weiss’s interest in the three wells that had been drilled in Logan County, and both parties agreed that our company could amend its Articles of Incorporation to increase its authorized capital to (i) 500 million shares of Common Stock, par value $0.001, and (ii) 100 million shares of Preferred Stock, par value $0.001, of which 10 million of the 100 million shares of Preferred Stock would be designated as Series A Voting, Convertible Preferred Stock and have as attributes (i) the right to cast 14 votes for each issued share, (ii) the right at any time to convert each share into 14 shares of Common Stock and (iii) the same rights as Common Stock in every other particular. Finally, the parties agreed that Superior’s directors should authorize the issuance of the 10 million shares of Series A Voting, Convertible Preferred Stock to the corporation’s management and some of its present and past employees, agents and consultants who had performed valuable services for the corporation over the years without the expectation of payment for their unbooked services, due to the corporation’s lack of resources with which to make any payment. SO what type of stock do guys like Warren Buffet buy?-Preferred .. Just trying to make the point that if you want to do a deal a few preferred shares of stock are not a bad thing to have ready to go, yes???They have have stated they will issue 10mil shares already which leaves 90mil left.If they sucessfully drill thats not chump change for whoever gets it.
Why would Austex oil a very simular co. to SIOR offer options at .15c? beacuse they expect the buyers of them to be able to sell them at a profit. That really implies a substantially higher price expectation.
No new share info, Read carefully the last sec filing
plainly talks about 600mil shares 500 common plus 100 preferred for a total of 600mil. All the nevada document does is confirm or legaly establish with the state what was already done with the SEC. As was previosly http://ih.advfn.com/p.php?pid=nmona&article=46355828 no matter still could build out to a .50c stock in 12 months if all goes well see post http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72678718 with q.e.3 comming you could easly see 200$ per barrel in a short time,all of a sudden the share price goes to $1.00 Of course the best way to hedge inflation is to own a commodity like oil hence GO SIOR!
Agreed, Going according to plan, if they were not legitimitly trying to build a viable business here they wouldn't have stopped at 100mil shares it would have been much higher
WHAT WILL HAPPEN TO SIOR on NEWS/JV etc. ?
LOOK AT GSX CHART you will not have time to buy in!!
http://ih.advfn.com/p.php?pid=charts&symbol=A%5EGSX&period=5
Another little SIOR Valuation tid bit from neighboring austex oil
austex has issued options for a share price of $.15 per share. the current ask is .10 and bid .09. So they expect their share price to hit .15 within the next 2yrs. GO SIOR!
Our Neighbors oil production ,for what it's worth
:
ASX/Media Release
21 February 2012
Level 57, MLC Centre, 19 Martin Place, Sydney NSW 2000
Tel. 02 9238 2363 Fax 02 8808 7280
AusTex Oil reports Oil and Gas production for the month of January 2012
AusTex Oil Limited (ASX:AOK) is pleased to report oil and gas production for the month of January 2012.
Month Total Production BOE Average Daily Production
October 3,537 114 adverage daily production 114 barrels
November 3,459116 adverage daily prod 116
December 4,180 135 adverage daily prod 135
January 6,698,216 adverage daily prod 216
For Further Information – Please contact
Daniel Lanskey,
Managing Director,
Australia +61 2 9238 2363
AusTex Oil Limited
Thanks geo, and here's hoping for a gusher next door at the austex well
What Type of crude comes from this play?
Could do more DD but just though you oil guys would know. Curious as it relates to the barrel price."East Coast refiners import most of crude oil from Europe and West Africa. North Sea Brent crude prices rose have risen above $125 a barrel. Light Louisiana sweet crude prices on the Gulf Coast reached $130 a barrel on Friday, due to tight supplies of European and West African crude blends." FRom CNBC
Thanks
Interesting discussion on why crude will not come down this year and has numerous reasons to go up http://bottomline.msnbc.msn.com/_news/2012/02/25/10496561-8-reasons-why-gas-will-hit-5-a-gallon-this-year I,ve got 450k of sior so far an am starting to druel!
AH FROM ETRADE: EXTENDED HOURS:
Last: 0.0146 Change: +0.0021 (+16.80%) Bid: 0.005 x307,500 Ask: 0.013 x30,800 Extended Hours:
Real Time Extended Hours Quote Last Trade as of 3:35 PM ET 2/24/12
AH .0146
Here's a thought $110 a barrel and rising still who's Nuke posturing is having an impact now? This will just encourage more of the same from Iran. SO Sior does have partially functional wells that are shut in yes? either way the higher oil goes the more feasible it will be to jv with sior or it may be viable to start up the wells again.
Here's a fact for you oil at 108!
Noticed on cnbc Cramer says high crude price here to stay until IRAN stands down its nukes
Seeking Alpha Mississipian article,Couldn't find if this link was already posted here so here it is http://seekingalpha.com/article/322155-investing-in-the-mississippi-lime-is-it-the-new-bakken
YA I was wondering if it was a good investment at .006 HA HA still holding those and adding my last was at .024 . Not to worry I think I will be saying the same about that too or any buy here eventually. Not planning on flipping any of it.
WHAT SIOR Shares COULD BE WORTH? SEE ATXDF web site. They have a few horizontal wells producing in the Mississippy limstone and are roughly simular to SIOR. Of note they have not even had exposure by blogs etc.that I can find. Due to some blogs etc. At least Sior has a following. Easy to see how SIOR could trade much higher if any hint of a jv or financing could cause Sior to gap way up.
Just like to thank geopressure,fly_fisherman,and the rest of the moderators etc. I got in at.006 and added and held. Mostly due to the info. posted. Really like the fundimentals on this. Will probably add more soon. Just wish I had bought more at the start.
"HIGH OIL PRICES HERE TO STAY" Didn't see this link from the Motley Fool posted thought you might find it interesting. http://www.fool.com/investing/general/2011/12/06/high-oil-prices-are-here-to-stay.aspx
Just a Thought about the patent question. It seems to me several people who have infringed on music copyrights by unauthorized websites have been destroyd financially for doing it. The copyright holders have been quite successfull in defending their rights in courts. Where there is money to get. Lawyers would be lining up to go after rays if they did not have some legal basis for declaring copyright ownership to their software.
Theory; dow goes up 4% inverstors see this and decide to sell risky penny stocks and buy into what is arguably a much less risky investment.Thinking it's the start of an uptrend there. I saw all my otc holdings struggle today. The potential is now here for an NXOI uptrend for sure
Theory; dow goes up 4% inverstors see this and decide to sell risky penny stocks and buy into what is arguably a much less risky investment.Thinking it's the start of an uptrend there. I saw all my otc holdings struggle today.
Wanting to hear the rest of the story? Check this and my other post references By:USAF2525 Share Monday, November 14, 2011 9:42:02 PM
Re: None Post # of 4769
I have been watching Raystream for the past month and have tried to learn as much as I can about them to determine if they are a legitimate and credible company and to evaluate if the claims about their technology are true.
First the company. Based on the SEC filings and some assumptions it appears that Roman Rumpf (Current Chief Technology Officer) developed this compression technology in Germany while working in the tech-security and mobile technology industries as a consultant and then when he co-founded the company Raystream Gmbh. Once he had developed this technology it seems that he believed that the US was the best market to be based in (since our bandwidth capacity and infrastructure lags behind Europe and especially Asia, and we use a large percentage of our bandwidth on streaming videos).
It appears he found a financing firm that had operations in the US to help him set up a company here. This company was Unlimited Trade, and they purchased a very small company in Nevada called Interdom Corp. I believe they chose this company because it was based in Nevada (low tax rate), was relatively cheap ($200,000), they could buy out a large percentage share of the company (87.3%), would not have to start a new publicly traded company from the ground-up (would take more time and money), and then could have a majority stake in the company and be able to choose new management and employees. The same day they purchased this company, they appointed Roman Rumpf as CEO.
Since, he is the one who co-founded the compression technology in Germany and does not have a lot of business/management experience, I believe Unlimited Trade and Roman Rumpf sought out an experienced CEO who has actually built a company from the ground up into a multi-million dollar company. A month later they found what they were looking for in Brian Petersen who had been the CEO of Petersen Hines LLC (a $35M home entertainment company in Texas). So, for him to leave this very successful company that he co-founded to become the CEO of Raystream says a lot about what he thought about the future of Raystream.
In addition to buying this company, Unlimited Trade also lent Raystream $2M to operate initially until they start bringing in revenue and turning a profit. But, instead of asking for the money back over time, they converted this debenture into 5M shares in the company (likely because they were very confident in the future prospects of the company). They are also restricted shares, so they are not a part of the 24.975M shares that are floating and publicly traded today. They also paid $3.5M for an advertising campaign to get the Raystream name out there, but it looks like they are unable and not trying to benefit from any short term positive impacts on the Raystream stock price. The shareholders of Raystream Gmbh (Roman Rumpf and the other co-founder) own the remaining 20M shares of the outstanding Raystream Inc stock (because they created this breakthrough technology they have this 40% share of the company, which was the payment to acquire Raystream Gmbh and gain access to all of its intellectual property).
Also, some have said there is a mistake in the SEC filings and they are not formally authorized 200M shares. This assessment appears to be incorrect, and the filings show that they are authorized 200M shares and that there are 49.975M shares outstanding (24.975M of those are floating or publicly traded). They have also added some impressive employees in the director they appointed as well as their new sales team. I have also been able to talk with employees from their offices in both Florida and Texas and with their investor relations firm in Texas (which is also the firm for Dave & Busters and almost 20 other companies). Also, the two contract wins they have achieved so far will help them test their revenue stream and help them price future contracts as effectively as possible.
Now the technology. There has been a lot of discussion about their breakthrough compression technology. I was skeptical at first, because this is a problem that is being researched a lot by the biggest names in industry and academia. So, on their website I requested a free trial of their compression technology and a day later I received this email below and a 5 day free trial with access to compress up to 3 videos.
"Your account has been activated! You can now use the Raystream Service!
Your trial phase is valid for five days and you can upload three movies.
Follow this link: *******************************************
Your username is: *****
Regards, Team Raystream"
Using their compression technique I was able to upload and compress 3 HD videos and it reduced the file size of these videos by an average of about 70%. The shorter video was not compressed by as great of a percentage as the longer videos. I looked very closely at the compressed and uncompressed files and could not find any differences to my naked eye. The one issue with this trial was that I had to upload the files to their server, and on my relatively slow connection speed it took a while to upload the files. Hopefully in the current and future contracts they will allow these companies to use the compression technology on their local servers/computers, so they can eliminate the time and money it takes to upload the files to Raystream’s servers. So, Raystream will likely simply sell licenses to their proprietary/protected compression technology/software for a specified time period. This will ensure a continued revenue stream for Raystream and will ensure companies don’t have to waste time and resources uploading uncompressed files and then downloading the compressed files over the internet.
Based on my initial research and experiences using their technology, it appears that Raystream really could revolutionize the way we stream videos across the internet and seems to have a very solid business model and team.
I also posted this message on the Yahoo Finance message board, because I have been following the discussions on both of these forums the past few weeks.
Raystream Inc. (RAYS) Stock Trading Info:
Paul and Bill , childhood friends with a passion in computer programming, were seeking to make a successful business utilizing their shared skills. The January 1975 issue of Popular Electronics featured Micro Instrumentation and Telemetry Systems's (MITS) Altair 8800 microcomputer. Paul noticed that they could program a BASIC interpreter for the device; after a call from Bill claiming to have a working interpreter, MITS requested a demonstration. Since they didn't actually have one, Paul worked on a simulator for the Altair while Bill developed the interpreter. Although they developed the interpreter on a simulator and not the actual device, the interpreter worked flawlessly when they demonstrated the interpreter to MITS in Albuquerque, New Mexico in March 1975; MITS agreed to distribute it, marketing it as Altair BASIC. The result? They officially established Microsoft on April 4, 1975. Two tremendously talented men develope groundbreaking software for it's day, story sounds familiar doesn't it ? Are we seeing history repeat itself here ---maybe
Acording to some, who have posted about Rays technology being bogus, they seem to be implying that these guys who have been in this type of business for years are willing to risk it all buy making what would then be fraudulant claims for Raystream? Seems highly improbable to me. Carsten Bhlefeld, CEO of Laterna Magica, commented, “We were skeptical at first because Raystream’s technology seemed too good to be true. But after careful evaluation, both technically and commercially, we discovered that Raystream’s technology will give us the competitive edge we were looking for to deliver a much better video experience for the consumer at an attractive cost savings for us. We’re convinced Raystream’s technology will significantly expand the yet untapped possibilities for delivering dynamic and cost-effective online video advertising for our clients."
About edgefactory OMNIMEDIA
edgefactory OMNIMEDIA is an EMMY© nominated producer of creative video, meetings and special events for Fortune 500 companies, major industry associations and a host of other organizations. Founded in 1998, edgefactory is a multi-disciplined creative resource, offering an array of services from creative writing, video production, digital signage, camera rentals, graphic design, 3D imaging, original music and technical support
HMMMM? INteresting?
From frankbcodis/yahoo blog "new contract this week 15-Nov-11 06:35 pm look for it to be with a major name brand.VERY STRONG BUY"
Check out this tech's posts on yahoo's stock blog. He seems to verify rays compression is for real Re: Techies/Geeks-- what do you think of the technology? 9-Nov-11 09:28 am Incorrect. I tested their sample video clip and ran it through H264 yesterday, and the H264 compression *still* came out a good 4x the size of their 'secret sauce' method of compression. 4x is huge, not just incremental but a giant leap in improved compression. Read my entire thread.
Think I am lying? Go do what I did and test it yourself, you can do exactly what I did, prove or disprove it to yourself.
s is for real.
Awesome DD see post 4516