Siberian Energy Group Inc (fka SIBN)

[Live2Trade1]

Read the 14-C and 10Q

In the 10Q they did mention they were in negotiations with producing companies

and in the 14-C they mentioned the low OS was to avoid possible hostel take overs and the reason for the RS ??

"The Board of Directors believes that reducing the number of outstanding shares of the Company’s common stock may increase the per share trading value of the Company’s common stock and position the Company more favorably for acquisition or development of an operating company for its future development and growth while also providing additional shares of authorized but unissued shares of our common stock for future issuance by the Board of Directors."