Petron Energy II Inc (fka PEII)

[Phatlander]

Exactly Naz!

PETRON HAS BENEFITED FROM CEO FLOYD SMITH BEING AT THE HELM!!!

Could you imagine what sort of difficulty Petron would be in ~~without funding~~ if you or I would have been in charge?
If Petron succeeds in getting production levels all the way to ~~and past~~ profitability, who PROFITS? That's right: shareholders!

Do you need a flow chart for this, or what?

Let's go back to why a company would go public: THEY NEED FUNDING. Without funding they can't get their plan operational to become PROFITABLE.
Petron is sitting on EIGHTEEN leases with proven reserves. They are undertaking an industry approved method of extracting those reserves. To make that method operational they need FUNDING.