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Abraxas Petroleum Corp. Message Board

  • themacs77706 themacs77706 Dec 11, 2013 6:27 PM Flag

    Stop the Panic (You are welcome)

    On Abraxas' website there is a copy of the Purchase and Sale Agreement for all of you overly paranoid individuals. On the signature page, F-250 LLC is listed as the buyer. All LLC's have managing members. In this case the managing member is another LLC - Redman Management Company, LLC. The manager of Redman Management, LLC is J. Jeffery Voncannon. A quick Google search on Mr. Voncannon will lead you to Redman Resources, LLC which is headquartered in Houston, TX. Boom, bang, ba ba boom! Totally legit. Now, leave me alone and go chase your black helicopters on some other message board. IT IS VERY COMMON to set up LLC to own individual properties for liability protection. The fact that the F-250 LLC was just formed IS NO BIG DEAL!!!

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