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TEXASOIL

08/09/11 8:23 AM

#4221 RE: shushkin #4219

shushkin and all new posters. Welcome. Here is one reason that many of us haven't sold a share even when it was well over a dollar. From the SEC SC 13D/A filing dated June 8th, 2010. On the top of page 5 is the following: Please read below. With the current O/S that equates to approx. $4 per share.




Pursuant to a Registration Rights Agreement entered into concurrently with the contribution and issuance of Membership Interests described herein, the Reporting Persons have been granted demand and piggyback registration rights, and have been granted the right to cause preferred stock of the Company with an aggregate liquidation preference of $1 million to be issued to them if a market capitalization target of $20 million for the Company is not achieved three years of the closing of the transactions described herein. The Registration Rights Agreement is Exhibit 10.3 to this Schedule 13D and is incorporated herein by reference