Replies to post #14180 on Superior Oil &Gas Company (fka SIOR)

[JRT]

There is no question in my mind the stock is going to re-list. The only question I have is at what PPS when all the new assets made possible by Gusher are shown in the filings. I know what my LITTLE piece is bringing in, but have no idea what Superior's part is.

[Cassandra]

... clearly the SEC accepted the offer to voluntarily revoke the stock, the 8k indicates that it was partially based on the SEC's advice.

What you may not understand is that revocation of the common stock was going to happen regardless of whether or not SOIR consented to it, so the consent is meaningless.

Superior did not "chose" the option of revocation. It simply consented to the inevitable outcome of the SEC Administrative Proceeding before the hearing was held. Perhaps the consent was offered to create the false impression that the revocation was supposedly voluntary.

The company admitted it had not filed periodic reports since the 10-Q for QE 9/30/10. SIOR presented no argument regarding the failure to file and just accepted the penalty of revocation.

The consent was the same as pleading "no contest" and accepting the severe penalty.