SOME VERY GOOD INFORMATION
Here is some really good, deep dive, due diligence on this stock. The current Chairman Of The Board Of Directors for TXSO is John B. Connally III, who has also now been appointed as Chairman of the Texas Lt. Governor’s Energy Advisory Board. Now, HIS FATHER, was John B. Connally Jr. who served as Treasury Secretary for the United States government from 1971-1972 and is seen as having great influence on both Ben Bernanke and Janet Yellen because he suspended the USD’s convertibility to gold and was the father of the modern floating currency. He also demanded that Nixon appoint his friend George HW Bush as Ambassador to the United Nations, which saved Bush’s political career and paved the way for both Bush’s to become president. He was also the former Governor of Texas.
There are definitely some deeply running political connections here.
Furthermore, filings with the SEC are showing that James Askew has slowly been acquiring majority stake ownership in the company. James sat on the Board with the company, and led the team in discovering high grade on-shore and off-shore oil deposits. James Askew is also the director of Endeavour Mining (TSE: EDV, $27.06). It appears as though James is aware of high grade deposits in the Gulf that TXSO owns, and I find it very interesting that he has been acquiring shares to the point of majority ownership and that the TXSO share structure has been reorganized very recently so that it is low float.
Anyway, draw your own conclusions but at least you are armed with some good information. Feel free to add anything I’ve missed. Cheers.
