InvestorsHub Logo

rogerarmstrong

02/25/14 11:19 AM

#491 RE: sharkin #490

At one point in time, SCU had something like 80+ million shares out.

Post bankruptcy, although I have not been out to Wyoming to check, it is my understanding that some operations proceed. As far as I know, Keith Knapstad still holds the company. Unless I am mistaken, his wife has a big chunk as well. They were living in the area for awhile, and bought a local business or two. I think they were originally from some kind of Denver money, or high-energy go-getter entrepeneur sort of background. The two still have money, just not big enough money for bragging rights and executive jets. Between the two of them, they probably have a large handful of small companies.

It is possible that they are slowly acquiring all the shares, thereby giving themselves (and probably a few backers) the means of taking it private. It costs a lot of money to stay up on the big exchanges. I'm guessing they keep the company as active through bankruptcy so that it can eventually be more easily acquired rather than rebuilt/reconstructed as a business entity. Until such time as natural gas prices go up enough to make a difference, I suppose it will all just putter along.

That's all I know and all I presume.

rogerarmstrong

02/25/14 11:24 AM

#492 RE: sharkin #490

Duplicate no delete?