Replies to post #462 on Skye Petroleum Inc (SKPO)

[TradeSmart.ai]

Amazing! Wow, best part is nobody else has this process and it’s a HUGE potential money maker if licensed out for use to other manufacturers :-O $SKPO

[whizknock]

For what it's worth,,, *Additional Due Diligence*

Looks like SKPO began their relationship with Lockwood in 2014 through Sarge Solutions,,,

The Company has also entered into a working relationship with Sarge's Solutions, a company that was set up specifically to distribute Skye Petroleum's products to their existing network. Below is a statement from the President of Sarge's Solutions, Sarge Summers.

"Sarge's Solutions, Lockwood Family of Companies is honored to partner with Skye Petroleum and we anticipate great accomplishments in this new partnership. With our vast global distribution already in place and the incredible products that we offer to the pipeline, storage tank, exploration and production, barge and rail industries we bring exciting innovation to our customers and solutions to their daily problems." – Sarge Summers, President - Sarge's Solutions.

https://www.prnewswire.com/news-releases/skye-petroleum-inc-sales-surpass-full-year-2013-sales-in-second-quarter-260085431.html

4 years later, On August 31st, York Capital Management Acquires Lockwood International in a bankruptcy deal.

"On August 31, affiliates of York Capital Management purchased substantially all of the assets located in the United States and Singapore of Lockwood Holdings, Inc. and certain of its affiliates (collectively, the “Seller”) in a 363 asset acquisition supervised by the United States Bankruptcy Court for the Southern District of Texas, Houston Division. In connection with the acquisition, York injected fresh equity into Lockwood Partners, LLC, a newly formed portfolio company of York that will continue the operation of Seller’s leading industrial valve distribution business. Willkie represented York throughout the bidding process, including the negotiation of certain bankruptcy-related matters and the asset acquisition."

https://www.willkie.com/news/2018/09/york-capital

Basically, after winning the bid on August 15, 2018, York and its affiliates, including Lockwood Partners which was set up for the sole purpose of acquiring Lockwood Int., then pumped fresh money into Lockwood Partners. Keep in mind the debt has been eliminated through the bankruptcy so this new company has virtually no financial liabilities.

https://lockwoodpartners.com/about/

When you're selling valves & flanges for petroleum delivery it's nice to be able to boost the sale with assurances that you can also maintain these products, make them last longer & perform better, with a patented process.

All this, as well as the recent surge in SKPO's PPS, tends to point to a possible buyout of SKPO by Lockwood Partners with YORK providing the capital. Can't help but think smart money heard something before the masses. The only question I have is what is the book value of SKPO.

My guess is a lot of longs here already figured this out.

Ruling out any other possible news flash to add to this potential, this information alone is enough of a good reason for me to add some more SKPO.