Mussel Shell property has a book value of $27 million on their last filed financials. New Miami is producing oil, and they have a piece of that and everything else that goes on there. Plus the $2 million from the European company. This deal is far from over. Plus Mussel Shell has a lot of oil according to their reports.
Also I heard that the SEC finally sent them requests for information only because a shareholder pushed them for an answer. Apparently the SEC already has all of the information because it was previously sent and they are doing this now to cover themselves legally.
It's all in the filings - do your homework before buying a stock and read the filings!