SVXA - Sovereign Exploration Associates International, Inc Message Board

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Non-Tech : SVXA - Sovereign Exploration Associates International, Inc

SVXA 0.0001000

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Sep 4 9:30 AM EDT

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To: stockster5 who wrote (62)	1/20/2006 12:05:34 AM
From: jmhollen	Read Replies (1) of 64

I believe you are mistaken. Strat Petroleum as SPRU was a new entity R/M'd into the old F2 Corp shell for the purpose of assimilating Eliese Corp (Private). To clean up SPRU's 1 Billion+ O/S, they did a 13:1 r/s that all the stockholders new about in advance. Hence, we all collected at 0.0022+/- like crazy. As of the R/S it became SPRL. I don't recall any real petro income until perhaps much later, when it bought some wells. The point is, all the SPRUvian longs did a lot of research on sucessful R/Ss at the time, and that one worked out OK. In general, I would agree with you that R/Ss suck..!!! I own no SVXP at this juncture, and would not buy any - too much old baggage. John :-) .

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