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SandRidge Mississippian Trust I
Ticker Symbol: SDTTU* CUSIP: 80007T101 Exchange: OTOTC
* NOTE: This security is no longer trading as of 9/09/2021
Company's Online Profile
BUSINESS: SandRidge Mississippian Trust I is a Delaware statutory trust formed by SandRidge Energy, Inc. to own certain royalty interests in oil and natural gas wells in northern Oklahoma producing from the Mississippian formation. The Trust will own royalty interests conveyed to it by SandRidge which will entitle the Trust to a percentage of the proceeds received by SandRidge from the production of hydrocarbons from currently producing wells and development wells to be drilled by SandRidge on approximately 42,600 net acres in the Mississippian formation in northern Oklahoma.
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Notes: November 19, 2019 -- SANDRIDGE MISSISSIPPIAN TRUST I (NYSE: SDT) today announced that it has received notification from the New York Stock Exchange of its determination to suspend trading of the Trust’s units of beneficial interest, effective as of the close of trading on November 18, 2019, and to initiate proceedings to delist the Trust units. The determination to commence the delisting proceeding results from the Trust’s inability to satisfy the continued listing compliance standards set forth under Rule 802.01C of the NYSE Listed Company Manual because the average closing price of the Trust units fell below $1.00 over a 30 consecutive trading-day period that ended May 14, 2019, and the Trust was unable to regain compliance with the applicable standards within a six-month cure period that concluded on November 16, 2019. As a result of the suspension, the Trust expects that the Trust units will begin trading on November 19, 2019 under the symbol “SDTTU” on the OTC Pink Market, which is operated by OTC Markets Group Inc. To be quoted on OTC Pink, a market maker must sponsor the security and comply with SEC Rule 15c2-11 before it can initiate a quote in a specific security. OTC Pink is a significantly more limited market than the NYSE, and the quotation of the Trust units on OTC Pink may result in a less liquid market available for existing and potential unitholders and could further depress the trading price of the Trust units. There is no assurance that an active market in the Trust units will develop on OTC Pink.
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IPO - 4/7/2011 - 15.00 Million Units @ $21.00 /unit.
Link to IPO Prospectus
Previous Ticker Symbol: SDT Changed: 11/18/2019
Micro Cap Stock -
Market Value $4.2 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 123 Robert S. Kerr Avenue, Oklahoma City, OK 73102 |
| Main Phone Number |
405-429-5500 |
| Fax Number |
405-429-5977 |
| Investor Relations
Duane M. Grubert
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405-429-5515
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Toll Free Phone Number |
Unknown |
| CEO - James Donald Bennett |
CFO - Julian Bott |
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