SNS Liquidation So far every prediction I have made have come true. First management and Board sold Bell Farm which has a more resources than the Sand Town where the company is producing, and the management says its not a material property; who are they kidding. They think the investors are dumb and they will believe CEO who was caught double dipping and sued for it by the same people who had employed him before SNS hired him. For those who don’t know Zig was working for a sand producer literally our competitor in AR and they sued him for double dipping. They claim in their law suit, the Zig was fired from Martin Marietta which we didnt know. The law suit is a public document and you can read it. But the ironic part is that the CEO spent all of the company's time and money to protect himself. So all his focus had been on the law suit, in the midst of a technology change, where other sand producers were moving into frac sand and Zig spent all his energies on the law suit. I remember onetime he asked to leave the office when we were discussing business strategies, him saying we have to leave because he wants to focus on the lawsuit.
NOW SELECT SAND SHAREHOLDER WANT TO SUE ZIG FOR LOOKING AFTER HIS PERSNOAL INTEREST ON COMPANYS TIME AND LEGAL FEES; HE IS RESPONSIBLE FOR ALL OUR LOSSES.
Let talk about a business, well there is nothing to talk about
Firs the company selling the Independence land and calling it reducing the long term debt? I call it liquation. Remember the liquidation started with the Bell Farm a material property. There is word on the street that Zig is selling plants equipment. I guess that’s not liquation.
The company is selling sand for $12 per ton to have cash flow. As per their Q2 vs Q3 comparison prices have dropped 35%. The company sold more sand and lost more money in Q3 vs Q2.
Investors and sand companies are emailing me about the Transload PR and saying what a non-sense PR. Everyone is closing the NWS mines including the majors and are dumping their assets on suckers; you in turn make a PR out of it. It is so dumb and doesn’t make any sense. What the PR doesn’t say is what saving the company will have, what advantage per ton the company will have over competitors. There are NWS sand producers even in in AR and MO which are orders of magnitude more efficient than you, oh wait one of them is who you work for Zig, why are they not getting into the transload business? Do you think investors are dumb and they don’t know that you are taking the wages that you don’t deserve and you don’t work for it; and you think by just putting out PR and making it sound like you are doing the work you justify the wages. We all know that you contribute zero you take all people work and put your name on it. Last I checked you were in Florida getting paid and the poor AR workers were freezing to produce sand to make sure you are paid.