Replies to post #11357 on Superior Oil &Gas Company (fka SIOR)

[blue dog]

If all the shares in the company were revoked, who owns the company? Other than the amount, my shares are no different from the shares held by the various insiders.

The revocation/delisting refers to whether one can trade shares on SEC-regulated exchanges, not to the existence of the shares. Neither the SEC nor the various exchanges have any authority whatsoever over Nevada's state laws on corporations. The shares as shares under corporate law (i.e., independent from trading them on exchanges) are creatures of Nevada law.

Under Nevada law, the shares are alive and kicking: http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=U1XRn1T5ExC1prRZv4jOPQ%253d%253d&nt7=0

They may be worthless, and they may be difficult to transfer, but that are still shares of the corporate entity Superior Oil & Gas (entity # C3682-1997).

your shares are revoked. unless the company decides that out of the kindness of their hearts that they are going to give you something, they are and will remain worthless. nonsense you say? i challenge anyone to demonstrate how they have converted their revoked shares into cash. hasn't happened and never will.

[junkHustler]

Revoked from trading. Shares are still shares.