Pledge Petroleum Corp. (fka PROP)

[PennyStockTrader2]

The 10-Q that they released Monday really didn't tell us anything we don't already know. Their focus is on M&A and everyone thinks thinks their fields are on par with $100 oil prices. So what do you do with that, wait forever, we don't have forever as they burn cash (mostly through salaries of their two executive employees). Very frustrating for all. Meanwhile I hope these Mexico well treatments turn out to be very successful, we could really use that.

So we just wait. I just hope that the selling is done with, but one never knows. If too many people want out, especially for tax loss purposes as we approach end of year, and without any news to drive prices up, we languish. But I still say, the price is so darned low, and they have cash, so that alone should "propell" things upward.