Replies to post #69 on Texas South Energy Inc. (fka TXSO)

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Texas South Energy $717000 Financing. Michael J Mayell Published Aug 29 SEC Form
August 29, 2018 - By Vivian Park

Texas South Energy Financing
Texas South Energy, Inc., Corporation just filed form D because of $717,000 equity financing. This is a new filing. Texas South Energy was able to fundraise $717,000. That is 100.00 % of the financing offer. The total fundraising amount was $717,000. The offering form was filed on 2018-08-29. The reason for the financing was: unspecified.

Texas South Energy is based in Texas. The firm’s business is Oil and Gas. The D form was signed by Michael J Mayell Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 4550 Post Oak Place Dr., Suite 300, Houston, Tx, Texas, 77027. Michael J. Mayell is the related person in the form and it has address: 4550 Post Oak Place Dr., Suite 300, Houston, Tx, Texas, 77027. Link to Texas South Energy Filing: 000121390018011883.

Analysis of Texas South Energy Offering
On average, startups in the Oil and Gas sector, sell 13.77 % of the total offering size. Texas South Energy sold 100.00 % of the offering. Could this mean that the trust in Texas South Energy is high? The average financing size for companies in the Oil and Gas industry is $227,000. The total amount raised is 215.86 % bigger than the average for companies in the Oil and Gas sector. The minimum investment for this fundraising is set at $3000. If you know more about the reasons for the fundraising, please comment below.

What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

Why Fundraising Reporting Is Good For Texas South Energy Also
The Form D signed by Michael J Mayell might help Texas South Energy, Inc.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.