Replies to post #79550 on Sixty Six Oilfield Services Inc (SSOF)

[BigBadWolf]

Actually there is/was a strategic reason for that > to 4B AS so there is/was definitely No need for any such talk. As $SSOF’s decision to raise its authorized shares from 2.38 billion to 4 billion while having about 1.398 billion issued and outstanding as of March 31, 2025 is a textbook preparatory step for a reverse merger or share exchange. Why? you might ask, By increasing authorized shares from 2.38B to 4B, SSOF just gave itself 1.62 B additional shares of headroom. That’s the “currency” that would be needed to
1)Issue a large block to acquire or merge with a private company. As in a reverse merger, a private company merges into a public shell & the private company’s shareholders receive a controlling equity stake in the public entity. This can be accomplished through any or any combination of commons/preferred shares.

2)Compensate insiders or consultants helping to structure the deal. (Not always yet this is the OTC so figure on it.)

Should any need some examples of this exact scenario (including ratio % of the AS increase) that were successfully executed & quite profitable any remember $MULN, $ENZC, or $ALPP