Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1933-06-17

information Regarding Reorganization
New Deal, SunburstIOiI e. Refining CO.
Properties Now Under ReceivershiD
QUESTIONS + 2 and A. asked By J p Pryor,
$50 AivasadO Sc, Monterey California. as follows:
QUESTION: l. Is the Receiver In any way connected
principal stockholders either BY business connection o.
otherwise?
QUESTION: Was the Receiver formerly employed
by the former management or BY any Of the priucOaS
stOckhOders2
ANSWER: No
QUESTION: 8 Has the Receiver taken any stops to
attempt 70 require the managers Of the cpany
70 make restitution for wrecling sarne7
ANSWER: No for the reason the Court Order
wnlcn tne Receiver was appointed under did not an
sn0rlze MN TO take any steps in checking what the
former management did. Should the stoclRoders and
creditors desire such information it is their du4v Il
check the records at their expense and act on
the findings the Receiver will furnish ali records rndev
ms care to any stockh0lder or creditor who care "a
come to the office and examine same
QUESTION; 4What Is to prevent the bunch OF
from getting control the new COMPANY aqtev
reorganization, and wreckng aso9 am nfo,rned
THAT whereas other same vicinity have
made hundreds Of thousands their interest,"
holders the management Of the O. 3 Co.. has wrecked
the same leaving the stockholders penniIessi
ANSWER: In paragraph l6 and 48 Of nv letter
0A may zasn 1883 underworld 20 make il az fair as
1 could as II makes each stakeholder and creditor
the appraiser Of the interest held by him SO that 4s
Old stockholders who hold 81 percent could not cen
troll the Membership Certificates Also paraoranh <
q sne Membership Certificate give the Membership
Holders the right to select the Directors for the nev
Company know Of nothing eae that can 90 bavond
TINS Tor the protection Of the Membership Holders
ga
QUESTION: Do the owners Of royalty Interest," Ioaa
to ffep4F alfv
Securities Co, Vancoucer b. q
ANSWER: No. it il not the price maid for tbe
royalty interest that the Company owes II Is the nm
paid royalty due the royalty owner and is thg I'M
psAI aeDI que sne royalty owners that win be appras
60 Oy tne owner and the appraised cash value paid in
for memberships in which the subscriber will receive
double the cash subscribed in Memberships
QUESTION: II do subscribe for Men,bershipa an.
the New Deal. viii all Of the securities hold in the
Stevenson Companies become wOr4hless7
ANSWER: Your Securities are worthless Il the
present time under the present status Of the Receiver
snp % set forth n Paragraphs and q Of my lester
OF May 24th. We are only endeav0ring to give Won
gambling chance in the development Of the pofen
tai Assets as outlined in my letter and paaaoranh ia
ana 40 winch viii help you to understand how to an
praise the amount you wish to subscribe cash for
Memberships
QUESTION: 4 ana no work what can I
do?" from John Podbielanct Fernie H. b VINO aava ne
plenty Of money
ANSWER: The deal was worked out so sub
scribeEs could take little as $0O or as much more
as they themselves wished appraise their old inter-
est at and subscribe in cash. and feel that this meth
Cd VIII not leave any out they make any effort
at all
So
QUESTION: In regards New Company your propo-
siion WHIST win have my present inteest9
or what WIN present interest g. o. q e. o. emtasae
me to in New CO2 How money win have 70 dig
up to stay in? did receive notice from You but
my brother did and ne Is also DARK as 70 maAae
or how to take advantage II make eAtnes clear
20 we can get Il through thick heads wan sssav
appreciate i'll Aatson. p. o Box 40s Bonmes Ferry
Idaho
ANSWER: In paragraph 10 and 40, Of my Letter
Of May 18th, endeavorsd 70 set forth a. plainly as
could that each akookh0idar and cxadit0r Of any Of
The Stevenson Companies c0nld appxaae the vmlue of
their own stock holdings credit olam and he value
which the owner placed la stock on credit oEaam
h1 copla subscribe in eash fw Memberships end H.
woN1a reoeive double the pAia ia saaN ia Mem-