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Not true! The real problems here are a inept management team and more than affordable Giant debts! The later will finally force the company to file the inevitable Bankruptcy if no solutions for debts!
Congrats. I loaded more on the dip as well. $PESX
You meant the company will file the Bankruptcy in the near future? How soon it could be? A couple of weeks? Will it be the CH11 or CH7? TIA!
Anyway I'll sell out all my shares before the forthcoming inevitable Bankruptcy...
Decent bid support on $PESX
Will this company file the CH11 or even CH7 in the near future like its peer (HK)? If that happens here then PESX will crash to $0.0010!
I think it’s hard for anyone to be interested to buy a 20M+ net loss per quarter stock.
Even if revenues are somewhat big.
How can they stay a float? Eventually they will burn through all reserves at this rate.
Unless they get financing.
But does that mean dilution or toxic notes?
May be a cup and handle forming on $PESX.
I just loaded a few more on the bid. Thanks sellers.
Van Den Berg Management I, Inc discloses 4.18% ownership in PESX / Pioneer Energy Services Corp.
January 10, 2020 - Van Den Berg Management I, Inc has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 3,309,367 shares of Pioneer Energy Services Corp. (OTCQX:PESX). This represents 4.18 percent ownership of the company. In their previous filing dated February 14, 2019, Van Den Berg Management I, Inc had reported owning 7,338,972 shares, indicating a decrease of -54.91 percent.
I looks like they were just stating that they reduced their position. It's still a positive though that they are holding shares. It appears they still have hope for PESX recovery.
Interesting. How do you know
Van Den Berg is buying? I liked this stock quite a bit but had to bail when I saw the recent S&P downgrade. The price is near its low and has gone down 99% since the negative outlook recommendations. Could be in for a big upturn. I will keep it on my radar.
Negative
I felt that if Lisa Elliott was telling me that the company had NOTHING to share at this time, that it was just a dead end
Did you ever try contacting Daniel Petro?
IR Officer Lisa Elliott still.has zero to relate to PESX investors
They knocked out the bid support, but we still don't have much on the ask. I've got all my shares locked up tight. I'm only adding to my position.
Sure. why not..
Wondering where this goes now.
Everything about the company looks good. Can it keep going north and break $1?
Appreciate sharing that experience...
Read my previous post.
Doesn’t matter, Said got in trouble so explain:
Painting the tape, marking the close.... All the same idea... MARKET MANIPULATION.
And I actually didn't get in trouble, but got a warning from my broker.
Here's what COULD happen:
Accounts directly or indirectly engaged in manipulative trading practices may be subject to trading restrictions, account closures, and/or regulatory penalties. We urge you to be careful not to engage in the sort of trading activity described above in order to avoid these penalties in the future
Yes, called painting the close, asking about how got in trouble?
Marking the close means buying or selling an insignificant amount of stock right before the close of trading. Also, manipulating the stock at the close to create a misinterpretation of the day's trading action is illegal as well. Today's last trade at 3:57 et of 100 shares is a good example of this because the trade price is quite lower than the stocks trading range for the day making it seem as if the stock didn't do as well on that day.
Please elaborate...
“On today's trade, that last trade of 100 shares is called marking the close. Against the rules. I know because I did this one time and got in trouble.”
On today's trade, that last trade of 100 shares is called marking the close. Against the rules. I know because I did this one time and got in trouble.
Nice and steady..
$PESX is climbing
I think we are golden accumulating PESX this cheap
2020 we can turn the page
$PESX larger buys today followed by small sells. Someone is loading and at the same time trying to keep the price down. PESX is running out of sellers, so they will be forced to buy at a higher PPS.
Their gonna run out of .03 sooner or later :)
This is a year old but is good reading.
https://seekingalpha.com/article/4226748-pioneer-energy-services-can-outclass-ofs-peers
Have you tried Shareholder Contact and Investor Relations
Daniel Petro
Vice President Treasurer and Investor Relations
(210) 828-7689
investorrelations@pioneeres.com
Maybe one of them should be for the position of a new IR representative.
Lisa Elliott is horrendous
They currently have 40 new job postings listed on Facebook.
https://www.facebook.com/pg/pioneeres/jobs/
Pioneer made best of of a terrible situation, RS to stay on NYSE would have destroyed shareholders via the nasty shorts thus SP will be back down to having to go pink anyways... It was a gift to shareholders to down-list so shareholders could get out while going is possible... IMO.
Yes, but we both know market is forward, those others will tank eventually...
There are non reporting shells trading at a higher market cap
Every single time I contact IR representative Lisa Elliott and ask for some type of an update, she gives me the same old song and dance, that the company has nothing to say.
How can they not have provided shareholders with some semblance of a status report since the last conference call?
True, problem is no future... imo
The market cap here is unreal and with 2500 employees is just min boggling. I can handle the silence for now.
Lets grease these bearings B
1$ is very attainable here
2020 will be a year to remember..
Lisa Elliott refuses to answer anymore emails concerning PESX
Lets get past New year then open Pandora's box
We've got a million bid now at .0321
We just got some bid support on PESX.
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Pioneer Energy Services provides land contract drilling services and production services to independent and major oil and gas exploration and production companies.
Pioneer employees are personally dedicated to your success. Equipped with some of the industry’s newest equipment, Pioneer people are recognized as trusted partners who always put safety first.
Founded in 1968, Pioneer Energy Services (OTCQX:PESX) is headquartered in San Antonio, Texas.
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