STETSON OIL V.SSN

RK

[shawshank]

I cannot get thru to Stetson-am on the road.
 

Stetson can and has the reserved right to extend the preferred shares subject to regulatory approval-if they do not extend the exercise/expiry date-I for one will be not to happy
with these clowns if they do that-when it could be easily avoided.

I would suggest somebody try to get hold of the principals at Stetson-they could even from
what I understand converty them on a fractional basis to Stetson Common shares-cuz
they will also be PO'ing some professional houses if they just let them expire without a
whimper or plan B.

Given the courts have already ruled on settlement amount-and this was reached prior
to the expiration date of the end of this year-and what is left it collection-there
may even be a legal case to Stetson by preferred shareholders if enough of us get together
and want to look into Class Action Lawsuit proceedings against Stetson if the guidance they give is unclear-they have to come out and make some type of statement on this matter as to the preferred shares upon expiry now being worthless-OR-the contigency plan to extend the expiration date as the court has already rendered a decision on both the inital hearing and appeal-prior to the expiration date-or whatever other course of action they are considering at this time..GIVEN Stetson has done as a company pretty much zilch exploration and aquisitionally speaking-to build shareholder value-if they PO the preferred shareholders on this thing-it won't suprise me if class action for not protecting preferred shareholder interests of both a retail and professional nature were not undertaken...and I for one as one..l.volunteer to be the first name on the application for class action if enough shareholders of preferred shares want to get together and form a body and retain counsel on a contigency basis (pro bono)...but somebody else would have to organize this one...I just don't have the time at present to do so myself.


When I talked to them a year ago this summer-they said they would in all likelihood extend the expiry date and I even talked about fractional coversion to common shares of the common shares of Stetson as also a consideration-but they were confident the courts would decide in their favor which they did-and payout would occur long before the preferred reached their listed expiration date...which they did not.

I think preferred shareholders here have a good case...as the decision as stated was already rendered in Stetsons favor-a long time ago and the defendant here-could just string this out irresponsibly cognizant of when the preferred shares expiration date was.

Hope that helps...but somebody other than yours truly on this thing iis going to have to track down Stetson-possibly yourself-pin then to the wall on things and get some info provided on where things go from here...here on in.


SS

[rkham]

Hello Shaw... The way I see this thing is ALL share holders who maintain ownership at the end of dec31/13 trading day should/are entitled to a share of March's appeal settlement amount. Lets hope a class action is not needed... How many holder?