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Non-Tech : SVXA - Sovereign Exploration Associates International, Inc -- Ignore unavailable to you. Want to Upgrade?

To: stockster5 who wrote (62)1/20/2006 12:05:34 AM
From: jmhollen  Read Replies (1) | Respond to 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 :-)