Just some reflections/ramblings
of SIOR
I got into this stock all on my own. I read as much as I could find for free. Thankfully, there is no one to blame but myself for getting into this. I knew nothing about any hype or pump of this stock, I picked it strictly because it was oil and had a better discussion board than the others, perhaps not a good way to pick but whatever.
I believe that SE has told us this is old debt, I saw lots of old debt in the filings that are available, I am fairly certain that is the debt that is being discussed here. Since the last filings do you think they would even have been able to incur more debt, they were going to go under thus it must be old.
I suppose it could have be an elaborate scheme to get investors money, it is really good one if it is and I'm not sure the company could pull it off. The larger investors who are in this and have put their money where their mouth is and are highly likely to have plenty of resources, probably could have gone in many other directions so why waste their time here trying to scam people for several years?
While I am not impressed with the leadership, I will state my opinion again. A bunch of folks who volunteer their time in exchange for one day getting money from their shares, folks who all have other lives to lead, voted in Dan, a CEO who was a fairly logical choice because it was his fathers company. Who else was going to do it?
All of things that have been posted on this board by those who actually know and discussions I have had with a very few make sense to me, not good business sense but understandable for a company such as this.
I love gambling.
