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Microcap & Penny Stocks : Superior Energy Services-SESI
SESI 0.00010000.0%Mar 7 3:00 PM EST

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To: David R. Schaller who wrote (467)4/22/1999 10:19:00 PM
From: nick nelson  Read Replies (2) of 522
 
Cardinal Sesi's father superior Terence Hall has declared 30 million SESI shares to be worth $197 million and given 51% of the company away.

Let's see, the present SESI common shareholders now have 49% of Cardinal Sesi's 58.8 million shares worth a whooping $3.90 cents/share - and, not to forget, the deal is projected to be neutral to earnings!!

Whoopee - such a deal for Father Superior. Good thing he gave the company away... SESI is NOW the ONLY company in the entire oil patch thats share price is TANKING!!

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