Replies to post #66519 on Sixty Six Oilfield Services Inc (SSOF)

[SooS416]

Bland, Bland has been out of the picture before only to mysteriously return. If you look in summer of '17 Bland was gone and then somehow he got the A-1's back by Q4

[wadirum1]

Good question.

But let me start by noting that you are INCORRECT about Bland having always been on Nevada SOS when various A-1 deals were being done. Look at the time when Bland pulled his Briken assets (specifically the Whirld app) out of MBHC.

It is important to make this clarification, so that you understand how that deal went down. It is the most analogous scenario to what SSOF might be facing if my GUESS is correct.

Clayton the private person currently has A-1 shares in his pocket. SSOF and its President Clayton owns the Five Star rigs or whatever that used to be his as a private person. So, Clayton as President conducts a vote in which he owns the vast majority of votes, and he decides to let Clayton the private person give the A-1 shares back to the company, in exchange for SSOF giving Clayton the private person back his rigs and whatnot. The A-1s go into treasury, where they stay until the next deal gets done.

Who decides what the next deal will be?

Well, tell me who owns the debt, and I'll tell you who would control the shell after Five Star leaves (assuming my GUESS is correct).

How do you know Bland doesn't own most or all of the $1.6M in debt?

And remember, debt doesn't need to be classified as convertible to be converted to debt as part of one of the "settlements" PROW/MBHC/MMHC/SSOF likes to do...

Wadi