Tuesday, September 11, 2018 8:59:25 AM
https://web.archive.org/web/20170913150308/http://texasoilandminerals.com/
It is possible that Gouger is taking steps to get the shell more current again because he is looking to sell the shell.
OTC filings show that since TOMI last did its OTC disclosures in 2013, the Issuer has dropped whatever ownership it had in the Sullivan lease and cancelled a bunch of related party debt in the process. Pulling out the only asset (no matter its true value) does sort of support the idea that Gouger is prepping the shell to be sold.
I’d expect the entity to get reinstated at the Nevada SOS at some point if a change of control is the plan. That will cost Gouger $11,175
https://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=F935ehzn7CYbsbMPJ4T5xA%253d%253d&nt7=0
https://www.nvsos.gov/sosentitysearch/FeeDetails.aspx?ctok=F935ehzn7CYbsbMPJ4T5xA%253d%25
It’s hard to put any kind of time line on a speculative play like this. 12 months have passed already and there is no telling how long it could take until we see a change of control assuming that is the plan.
All the remaining debt is related party debt so if Gouger does sell the shell it will be interesting to see if that related party debt gets sold to some “unrelated” 3rd party in the process, opening the door for it to get turned into free trading stock in the future.
For now, since it is related party debt it shouldn’t pose any immediate dilution threats making TOMI an interesting ticker because of the share structure and obvious speculation it presents.
If people are trading TOMI based on speculation then they should have some kind of a trading plan.
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