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Such a small word says so much. Looking forward to end of summer.
Or
Silence under pressure equals real investors oil riches
Right on.
SUPERIOR!!!!!!
I would not know what to ask, just been trying to get an idea of the conversations. I will step back now.
I agree, partners and shareholders should know where the money went, the only way to get facts is to ask questions and research so you are right to do so.
I was only stating that if I was a CEO, I would get upset with the questions if I felt backed into a corner because I did not give all the facts because I am secretive. ( I can word this right in my head but not in writing)
I too wonder this.
Being secretive is how they operate, always has been, this is no surprise either. The information provided by the I-hub members regarding attitude of the board/CEO also seems to me to be no real surprise. ( I would not be good CEO, I do not like to be questioned by people who might not have all the facts)
I don't see how anyone can think that Superior could be a $10-20 share price, Devon is at around $70, can Superior be worth 1/7th of Devon.
I am holding out hope that end of summer is the trading time, unless someone can show me otherwise, so far all I have heard is that Superior is not doing it the way other folks think they should.
GLTA Go Superior.
SE is usually spot on with the information he provides here, the Greenberg thing makes me optimistic.
It seems as if Superior is seeking the right consultants out, which could mean they are actually willing to listen to them and act accordingly.
Anyone with any sense should be able to see that very clearly based on the transfers.
Are the big issues problem issues or do you just mean that Dan has lots on his plate
Clearly, you have not read the web site, trading by end of summer (if it trades at all)
I won't say with conviction but I believe this is not the same company. Somewhere on this board we have discussed it, check SE's posts.
I appreciate the response. I can see how there is cause for concern, I can also see reasonable and unreasonable explanations for each of the items you have responded to. I know from life/business experience how fast plans can change though.
Got a promotion and salary increase one day and then the very next day, over half of the company was laid off, including me and the new person that had been hired the week before.
I will remain as a hopeful skeptic, it isn't like I have a choice in the matter.
Thanks.
If you want to be sure management is reading this, perhaps an email direct to Dan will make it so, danjr@superioroilandgas.com.
If I was management I would not spend my time reading I-hub.
But I hope management is reading it too.
I know from way back that you have been a staunch supporter of Superior.
I would like to try to look at this a little more objectively so it would be nice to understand your views on the following.
1-Is the person who gave Superior the money to relist, taking any kind of action? (lawsuit, accepting some other compensation, waiting it out)? Are they upset about it?
2-What do you feel is not transparent in the Gushers from what you were told would happen?
3-It seems that a relationship with Devon is the appropriate one to have as a Gushers member, as opposed to Superior, it seems to me they were acting like a broker in this case, has anyone received their first checks?
Has anyone actually read the transaction paperwork showing what the O/R royalty payments are? What percentage of Superiors share has been transferred, I have not.
Thank you for the information JRT.
I walk on both sides of the fence on this and do understand your frustrations. I am happy the Gushers will be ok, otherwise this is penny stock land. (delisted even)
GLTA
I do not see a problem with this. At the time of the transaction, they were Superiors Holdings so they would have the right to do this.
I know I need to sell 100 widgets to you, I only have 90 but my affiliate has 10. I get the 10 from my affiliate to sell to you and make a deal with my affiliate as to how and when I will pay for them. I sell you the 100 widgets but I do not tell you that of these 100 widgets, only 90 are really from me, as far as you are concerned, they were all from me. Now I pay my affiliate for the widgets I purchased from them but our transaction is over and I do not care how you got the 100 widgets I needed.
I do understand what you are saying, not sure I agree with it but then I was not at the table and am not privy to any emails or conversations.
Ok, thanks.
It helps to know that you have spoken with the person who provided them the money.
The date someone came on I-hub has little to do with anything, it is easy to get more than one alias on any site. I have been a shareholder since 2011, just because I have not posted before 2/2014, does not have any relevance.
Additionally, it is clear to see that others besides Superior contributed to Superiors holdings before all of the gushers transactions and are now getting their due.
Facts are good, hearsay and rumors mean nothing without some sort of back up.
I appreciate your response.
Why should all the money from gushers go to Superior, Cactus and BOD members contributed so they should get their portion, unless you have some other evidence to show otherwise. What evidence do you have to show that it was already tried last year, or is this just speculation?
It would be really helpful to know.
I've read the complaints about the lack of transparency from Superior, however, those making the complaints and voicing them here have not been transparent either. The reason being stated is so as not to jeopardize future plans, it seems to me that is what Superior is doing, so where is the difference. (please don't tell me they have a responsibility to shareholders, they are currently a private company and we all know what has happened in the past)
I understand their past, people deserve more than one chance, (oh and the government says corporations are people) anyone want to elaborate on why they think there is a problem with management for the future?
As per their website, logic and a basic knowledge of how to read between the lines, each time they put out the 8k, they believed they actually were going to have the funds and then Caca Occurred.
So what is the time frame of "all deliberate haste".
Is there a possibility that they can relist/uplist to a non OTC board.
I do not remember who posted it and do not feel like searching but I recall in the last year that someone had posted of tweets between Dan and a foreign investor type person, then there was a Facebook page for that person/investment company and the rules were clearly laid out regarding what was required for the investor to assist, those rules clearly indicated that the company would have to qualify for one of the big boards and not OTC.
What I see is that Dan is trying to reach that goal.
(pure speculation on my part and wishful thinking but also very possible)
Under 300 investors and under a certain amount of assets there was no reporting rule.
I had also been advised that just prior to the voluntary delisting, they were in the middle of the unaudited financials and the person doing them became terribly ill, thus the process had to start again and before it could be completed, they were delisted.
There is no proof it was deliberate. Although if you have proof, it would be great to see that.
I can equate to having to choose between buying food or medication in the non corporate world.
I would agree with you if they had a lot of money and did not do it, that would scream deliberate, that does not seem to be the case here.
Thank you for putting that so well. It is an easy concept to understand yet many do not seem to.
I liked Superior when I found them because they were run by people who knew what they were doing, I will say that they made mistakes along the way, ideally people learn from their mistakes.
I looked at other penny oil stocks and immediately dismissed them as investments because of the lack of what I perceived as proper industry experience.
Roller coasters are so much fun.
SE, your opinion is valid and always appreciated. Do you have an opinion regarding the delay in receiving checks, will this also delay the projected date of "by June" to get the audits done and the filings completed?
TIA
Go Superior.
Since the previous website had indicated that Thomas Kenan's son was the IT guy, it could be him, especially since he was told not to speak with shareholders, that would make sense. I originally thought it was Dan because he mentioned his dad, but it works for the son of Kenan and makes more sense, especially because one of the comments indicates Dan has taken over the Superior website.
What do you mean https://www.facebook.com/superioroil
I have not looked at everything in detail but I started with
assignments made From Superior to Cactus in May 2011, these are for S13T18NR3WNW and S12T18NR3WSW,
In September 2013 (about the time things were set in motion)the same plots were assigned from Cactus to Superior (so they could be included in the deal maybe?) and in March 2014 The Overriding royalties were assigned for these same plots from Superior to Cactus. in April 2014, Cactus assigns O/R royalites for these same two plots to Newman and Kenan ( unpaid consultants/BOD)
I guess I am not understanding the problem.
I read that different, the comments under Ronnie Trower after Kevin Bouresa indicate they are from Dan, he references his father. (however, it could be the father of whoever is writing the FB page)
Everyone should read "recent posts by others" on the FB page.
Dan has commented on several in the last 15 hours.
Would a shell company facilitate relisting?
I am not sure it is a bad thing, Dan Sr, founded Cactus, of course there is a relationship there. I did not read the actual assignment papers, I'm not paying to do so, I can only go on presumption.
Does anyone know anything more than speculation, I could put a positive spin on it and speculate.
Website indicates they will use their own resources to drill when a big name won't be able to. Is it possible that, they have or will receive enough to pay the auditors from the prior Gushers deals, and now they are being pro-active and reserving rigs with Cactus using some of the O/R royalties so that they could develop their own leases?
Again, without actually reading the documents, I have no idea but it is just as plausible as the negative side. If someone has read the assignment agreement, perhaps they could share.
I was reading about the transfer of overriding royalties, what I took from it is that it is way to get lump sum cash and is not actually a transfer of any assets, just monies. Sort of like that commercial get cash now instead of in small sums monthly.
Here is one link, this is just my take on it.
http://legacyroyalties.com/faqs/
Facebook page is missing, why?
Hurry up June, and end of summer.
Go Superior
There is one green one but it's not on the list, unfortunately, it is listed as a mining stock DGR*
Here are some great Crow recipes
http://www.crowbusters.com/recipes.htm
Superior
I believe it is higher than that but others would know more, the gushers guys could answer.
I have never wanted Summer to come and go more than I do now.
Go Superior.
I know I have one for leftover previously frozen humble crow pie, I've used it before, let me dig it up.
Go Superior awesome site.
There are cached pages for the Superior Website which show almost all of the information on the website prior to it being taken down again. It is a little difficult to use but all of it can be found.
I suggest one starts by using the following term in a google search "oilsog.com"
Maybe use the second heading that comes up in that search
error message will come up with OOPS IE can't find, to view a cached copy click here, or something similar,
I suggest doing that.
I made a word document copy so I could refer to it. (PM me your email and I can send what I copied if you can't find)
Go Superior