Sixty Six Oilfield Services Inc (SSOF)

[wadirum1]

My guess as to how this ends up is that 10SION fails to come up with the required funding. This will cause the terms of the "merger" (cough, cough) to be tweaked. Instead of the assets going into 10SION, they will revert to the oil patch folks. The share conversion, however, will continue. As a result, SSOF shareholders will be separated from any ownership whatsoever in the underlying assets. The oil patch folks will get some compensation for their part in this deal, and Bland will be ready to start issuing more shares.

Some might wonder how I could be predicting the oil assets will vanish like that... Well, it never made sense to begin with that they would give their assets to Bland and his shareholders in return for a bunch of debt. So, I always figured that the shareholders' ownership of those assets was on borrowed time.

And it is really immaterial whether the oil assets convey to 10SION or not. Common shareholders in SSOF will end up owning only 0.2% of 10SION, and that is such a small share that it doesn't really matter if the oil assets end up there or not.

Just looking into my very cloudy crystal ball. All guesswork and conjecture. I don't have any more facts than what anyone can see by looking at the history here. Please do not rely on my guesswork as a basis for investment decisions!! Instead, consult a real investment expert!!!

Wadi