Natalee Case Discussion #803 2/25/09 - 3/1/09

[hotping]

Has anyone ever posted a criminal history on Schaefer?

[Keepthefaith]

75.The foregoing statements were materially untrue and misleading because they omitted to disclose that Mermis was seeking to secure projects for competitors. Prior to and around the time of the IPO, Mermis worked to obtain a Venezuelan project for the benefit of another company rather than for Superior. CW 2, a former employee who was a receptionist and executive assistant during the Class Period, and CW 1 reported that, while Superior Offshore's CEO, Mermis billed the Company for trips to Venezuela made to procure a client for the Kaplan Industry - the company that Mermis would eventually join after resigning from Superior Offshore.

LifeSong.Can we narrow down the potential dates that Mermis would have traveled to Venezuela?Billed Superior for these trips.Schaefer was aware of this i would think?NO?

[Keepthefaith]

Has anyone ever posted a criminal history on Schaefer?

HotPing....

[hotping]

Has anyone ever posted a criminal history on Schaefer?

HotPing....

Ya want to see it? 

[Keepthefaith]

Has anyone ever posted a criminal history on Schaefer?

HotPing....

Ya want to see it? 

Let me eat my Snickerdoodle cookie then drink my milk.Oh hell.Bring it on...

[Lifesong]

Has anyone ever posted a criminal history on Schaefer?

HotPing....

Ya want to see it? 

 

YES!!!!!

[hotping]

Honestly should I post it or not? 

[Keepthefaith]

Honestly should I post it or not? 

If it's public redord!Bring it!

[hotping]

Honestly should I post it or not? 

If it's public redord!Bring it!

Yep It's a Public Record....Just like if it was You or Me...

[Lifesong]

Honestly should I post it or not? 

If it's public redord!Bring it!

Go Hotping, Go Hotping, Go Hotping!

        

[Keepthefaith]

76.In a similar manner, the Registration Statement also failed to disclose that Defendant Schaefer would directly profit from Superior' s failure in that, as reported by CW 5, when Schaefer stepped down as Chairman of the Board of the Company - he started another Company called Legacy Diving. When Superior closed its Belle Chase, Louisiana location, it sold a number of assets to Legacy for "pennies on the dollar."Material Misstatements and Omissions Re2ardin2 the Company's Expenditures andOperating Expenses and Internal Controls77.

[Lifesong]

75.The foregoing statements were materially untrue and misleading because they omitted to disclose that Mermis was seeking to secure projects for competitors. Prior to and around the time of the IPO, Mermis worked to obtain a Venezuelan project for the benefit of another company rather than for Superior. CW 2, a former employee who was a receptionist and executive assistant during the Class Period, and CW 1 reported that, while Superior Offshore's CEO, Mermis billed the Company for trips to Venezuela made to procure a client for the Kaplan Industry - the company that Mermis would eventually join after resigning from Superior Offshore.

LifeSong.Can we narrow down the potential dates that Mermis would have traveled to Venezuela?Billed Superior for these trips.Schaefer was aware of this i would think?NO?

I can't imagine he wouldn't know.  Even if it was after 11/07 when he resigned from the company, obviously he and Mermis had to be close, we've seen the industrial incest at work.

[hotping]

     
 TX Bexar Criminal Detail

Court
CC7 Case
203364
Name
SCHAEFER, LOUIS EDWARD

Gender
M
Race
W
Date of Birth
Mar 12 1943
House No.
2240

 Street Name
MARINA WAY
 City
KEMMAH
State
TX ZIP Code
77565
Offense Date
Feb 11 2007
Offense Description
ASSAULT BODILY INJURY-MARRIED/
Arrest Date
Feb 11 2007
Filing Date
Feb 11 2007
Filing Agency Description
BEXAR COUNTY DISTRICT ATTORNEY
Disposition Date
May 14 2008
Disposition Description
DSMD-OTHER Sentence Description
 Sentence Term (YYYMMDDHHH)
0000000000 Fine
0000000.00

[Keepthefaith]

75.The foregoing statements were materially untrue and misleading because they omitted to disclose that Mermis was seeking to secure projects for competitors. Prior to and around the time of the IPO, Mermis worked to obtain a Venezuelan project for the benefit of another company rather than for Superior. CW 2, a former employee who was a receptionist and executive assistant during the Class Period, and CW 1 reported that, while Superior Offshore's CEO, Mermis billed the Company for trips to Venezuela made to procure a client for the Kaplan Industry - the company that Mermis would eventually join after resigning from Superior Offshore.

LifeSong.Can we narrow down the potential dates that Mermis would have traveled to Venezuela?Billed Superior for these trips.Schaefer was aware of this i would think?NO?

I can't imagine he wouldn't know.  Even if it was after 11/07 when he resigned from the company, obviously he and Mermis had to be close, we've seen the industrial incest at work.

Is the receptionist saying he travel there during the Class Period..When is the class period?

[Keepthefaith]

     
 TX Bexar Criminal Detail

Court
CC7 Case
203364
Name
SCHAEFER, LOUIS EDWARD

Gender
M
Race
W
Date of Birth
Mar 12 1943
House No.
2240

 Street Name
MARINA WAY
 City
KEMMAH
State
TX ZIP Code
77565
Offense Date
Feb 11 2007
Offense Description
ASSAULT BODILY INJURY-MARRIED/
Arrest Date
Feb 11 2007
Filing Date
Feb 11 2007
Filing Agency Description
BEXAR COUNTY DISTRICT ATTORNEY
Disposition Date
May 14 2008
Disposition Description
DSMD-OTHER Sentence Description
 Sentence Term (YYYMMDDHHH)
0000000000 Fine
0000000.00

Was it domestic?

[hotping]

Who are Schaefer's two sons...James Scott and who is the other?

[Lifesong]

75.The foregoing statements were materially untrue and misleading because they omitted to disclose that Mermis was seeking to secure projects for competitors. Prior to and around the time of the IPO, Mermis worked to obtain a Venezuelan project for the benefit of another company rather than for Superior. CW 2, a former employee who was a receptionist and executive assistant during the Class Period, and CW 1 reported that, while Superior Offshore's CEO, Mermis billed the Company for trips to Venezuela made to procure a client for the Kaplan Industry - the company that Mermis would eventually join after resigning from Superior Offshore.

LifeSong.Can we narrow down the potential dates that Mermis would have traveled to Venezuela?Billed Superior for these trips.Schaefer was aware of this i would think?NO?

I can't imagine he wouldn't know.  Even if it was after 11/07 when he resigned from the company, obviously he and Mermis had to be close, we've seen the industrial incest at work.

Is the receptionist saying he travel there during the Class Period..When is the class period?

02/29/08 – LINK CORRECTED
The first class action lawsuit against Superior Offshore Int’l is announced on behalf of shareholders who purchased stock between 4/20/07 and 1/09/08.

That's the Class Period, KTF!

[hotping]

     
 TX Bexar Criminal Detail

Court
CC7 Case
203364
Name
SCHAEFER, LOUIS EDWARD

Gender
M
Race
W
Date of Birth
Mar 12 1943
House No.
2240

 Street Name
MARINA WAY
 City
KEMMAH
State
TX ZIP Code
77565
Offense Date
Feb 11 2007
Offense Description
ASSAULT BODILY INJURY-MARRIED/
Arrest Date
Feb 11 2007
Filing Date
Feb 11 2007
Filing Agency Description
BEXAR COUNTY DISTRICT ATTORNEY
Disposition Date
May 14 2008
Disposition Description
DSMD-OTHER Sentence Description
 Sentence Term (YYYMMDDHHH)
0000000000 Fine
0000000.00

Was it domestic?

That's what I figured but I'm not sure...I believe one of His exwife's lives in Bexar County TX....

[Keepthefaith]

75.The foregoing statements were materially untrue and misleading because they omitted to disclose that Mermis was seeking to secure projects for competitors. Prior to and around the time of the IPO, Mermis worked to obtain a Venezuelan project for the benefit of another company rather than for Superior. CW 2, a former employee who was a receptionist and executive assistant during the Class Period, and CW 1 reported that, while Superior Offshore's CEO, Mermis billed the Company for trips to Venezuela made to procure a client for the Kaplan Industry - the company that Mermis would eventually join after resigning from Superior Offshore.

LifeSong.Can we narrow down the potential dates that Mermis would have traveled to Venezuela?Billed Superior for these trips.Schaefer was aware of this i would think?NO?

I can't imagine he wouldn't know.  Even if it was after 11/07 when he resigned from the company, obviously he and Mermis had to be close, we've seen the industrial incest at work.

Is the receptionist saying he travel there during the Class Period..When is the class period?

02/29/08 – LINK CORRECTED
The first class action lawsuit against Superior Offshore Int’l is announced on behalf of shareholders who purchased stock between 4/20/07 and 1/09/08.

That's the Class Period, KTF!

So can we say Mermis was potentially flying to Venezuala during preparations for the Persistence search??

[Keepthefaith]

84.Company funds were used to pay for personal expenses incurred by Schaefer and his family, which began when the Company was privately owned but continued after the Company became public:(a)CW 9 reported that, prior to the IPO, Schaefer utilized Company employees to repair damage after his ex-wife "destroyed" cars and homes. Company funds were also used to pay his ex-wife's mortgage and bills.(b)According to CW 5, Company employees - including Pat Wilson, a projectmanager on the Superior Offshore payroll -were being used by Schaefer's sons to work on a project  specifically related to Greenhead Rentals.(c)CW 5 also reported that prior to the IPO, Company funds were used to pay for fuel for Schaefer' s personal 50-foot fishing boat.


I'm sure there was a little volatilty.You think??