Replies to post #26354 on DD Support Board and Research Team

[janice shell]

Here's the value of the assets Vern Wilson presumably brought to the company when he was named CEO:

Effective August 1, 2007, ReoStar purchased substantially all of the assets of Vern Wilson Energy, Inc. The assets consisted of 4 oil and gas leases located in Texas and Louisiana, a service rig, and an operating shop to assist in maintenance of field equipment. Consideration for the purchase consisted of $159,000 cash and 240,000 shares of ReoStar stock with a market value of $298,800 for a total purchase price of $457,800.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6698361

See also:

http://start.cortera.com/company/research/k5r0kwm4p/vern-wilson-energy-inc/

Of course it's possible that Wilson's company acquired additional assets after the sale to ReoStar.