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What amazes me about detractors here that bash PEII is that PEII has posted on their own web site (PEII) Home page how much this stock has DILUTED the outstanding shares over time and then people get pissed because they bought when dilution was obviously rampant and get upset because they got burnt and lost money. Who told you to buy without DD, NO ONE! You all bought hoping to make a killing owning a piece of the dream. Some are down a little, some broke , the only person to blame is the one staring back to you in the mirror while you are brushing your teeth. Get over it! This is Penny Land here not the DOW. The OTC.QB or pinks are a step above legalized gambling. Face the facts! Play or go away!
Not much point to it. They all sit there saying dilution, dilution, DUH, if you don't see that then you can't read and haven't bothered to do DD BEFORE buying PEII. Of course there is dilution at this point and to a greater degree in the past to the tune of billions of shares. PEII needs money for operations, if they don't have enough marketable product yet then they have to sell shares to pay the bills and the drillers to get to the oil. There is a light at the end of the PEII tunnel and it's getting closer not going out, it's gonna get doused with oil and get really bright! When oil comes in this will fly! IMO
Tell us something we don't know. This has been stated here before and by myself a couple days ago. So what, as oil sales ramps up share prices will still rise even with this diminishing head wind, IMO. Once Snyder-Simons comes on line and the acid stimulation of the Texas oil wells is complete; dilution will slow as more revenue is available from selling OIL instead of shares. That's why anyone would buy PEII and nothing else.
The plaintiff withdrew the suit, that is all you know, that is all that is there. If you have proof of a settlement for an incident that happened over 4 years prior to the filing date then POST it, otherwise it's all speculation on your part. Bottom line, no one but you cares anyway about YOUR personal vendetta against Floyd Smith and PEII, That should make it clearer. Later!!!
The incident happened over four years prior to the filing and was petitioned to be thrown out, statute of limitations and all that wonderful stuff. That's why it was withdrawn, settlements are only reached when plaintiff has a weak case anyway. FYI
Well look at that, UncleDad, The suit was "Dismissed with Prejudice against refiling and given a judgement of Non-Suit" the case is closed by the courts with a judgement in FS's favor. Maybe you might want to READ the docket and judgement before throwing BS out there. Are you going to bring up FS's divorce hearing from 2005 next! You are ridiculous and the 5 year old comment stands! Grow up! We get it! You lost money investing in PEII so now you want revenge for buying a stock that you didn't fully understand. Welcome to Pennyland! If you have legitimate facts, positive or negative about PEII then please post them, otherwise please post NOTHING!
I totally agree, I am being OVERLY conservative with my numbers otherwise others here will go, "see, he's a pumper for FS!" NOT! I could give a crap about FS, Lord Floyd or whatever people want to call him. I deal in facts and figures, period. If it walks like a duck, quacks like a duck and looks like a duck its not likely to be a gorilla!
Like I said POST a link to the item or don't bother people with BS, we all know FS's address, big deal! I Goggled it three ways and found NOTHING! Again, a link!
I'm not saying load up, or buy, buy PEII! I'm saying it's worth watching closely. For me, it's a buy, but that's for me based on my DD. Everyone should do their own.
Everyone is concerned about dilution: lets look at a few facts, you know folks, those things anyone can calculate and should look into BEFORE buying a stock. As of 11/06/2013 the (pre 500:1) share price for PEII was $0.0058/share and there were 224,282,437 OS w/ market value of $1,300,838. Move ahead to 01/06/2014 and the (pre 500:1) share price was $0.006/share with 480,854,628 OS w/ market value of $2,885,128. On 2/24/2014 the (pre 500:1) share price was $0.0018 with 1,148,515,257 shares outstanding (OS) which calculates to $2,067,327.00 market value. All the while next to NO oil pumping and income from pipeline, oil services and of course selling shares. Fast forward to today, Approx. 64M Shares OS (my estimate) @ a share price of $.0047/share and market value of ONLY $300,800 for a company that has assets of $3,383,332 and first 6 months oil and gas sales of $111,527, which is $18,588/month. Now add the Texas typical oil sales (@ 15BOD)/month= $44,000(approx.) to this and get approx. $62,588/month in present oil sales X 12= $751,056/year. That is with NO increase of oil from here out. Lets add 40BOD output from Snyder-Simmons leases and see where it goes. 40BOD X $97/BBL = $3880.00/day or $116,400/ month or $1,396,800 + $ $751,000 (existing sales) = $2,146,800/year total income. The numbers don't lie. People lie! This is why I bought and am going to buy more PEII. You do what you want! This is going to GROW! All IMO.
And that was with NO oil production and just BS promises about oil shale. Now there is OIL production and it will be A LOT more soon. Everyone invested here needs to understand this is not rocketing to the moon on good wishes and fairy dust or an overnight sensation. It takes time for crews to finish wells and is long, hard, dirty work. FS has crews he hires do this work, that's why there are so few employees folks. This is a record busy time for drill rigs and crews in Texas. They are backlogged with work. I think that by the end of August we will see a major turn around of PEII share price, UPWARDS!. Until then sell me all the shares you want at these prices. By end of November this will be flying high and it's not even a Marijuana stock! And, no I'm not smoking that to get to these determinations. I base them on facts about oil recovery techniques and research into that and all I can find in this company. I think FS wants OIL on line and coming in fast! He can sell far more higher priced shares with a success then a failure and make tons of money. This stock will NOT go up much UNTIL Synder-Simmons comes on line with additional revenue, until then it will gyrate between .0035 and .01 IMO, AFTER an additional 35-50 BOD kicks in though, you will be kicking yourself for not buying more here NOW. You all want overnight sensations, instant gratification, PEII isn't there yet! When FS finally delivers watch all the tunes change!
You need to read the 10-Q filings: FS is NOT hiding anything and is very up front with what is going on. He put in a disclaimer, if you will. Your SEC BS holds no water here. FS is basically saying, We are selling shares to cover our business expenses, If this is news to you then you have no clue and need to do more DD. Is this stock risky, YES! Can money still be made here ABSOLUTELY, even in the face of the dilution happening right now. Oil in considerable quantity is about to be added to the income picture, reducing the need for dilution for revenue and increasing shareholder value.
PEII 10-Q Quote: "Future Financings
We will continue to rely on equity sales of our common shares in order to continue to fund our business operations. Issuances of additional shares will result in dilution to existing stockholders. There is no assurance that we will achieve any additional sales of the equity securities or arrange for debt or other financing to fund our operations and other activities."
Exactly! LOL!
I kinda figured but wasn't sure, the negative 200 BBL's thru me..lol
I think he was referring to Uncle D not Uncle G...
$25,000 spent on 8 promo's for PEII, Good to know money is well spent there. Would rather it spent on injection well but guess it is what it is. Hope it brings in some buyers though. This is sooo cheap right now! Total OS Market value is around $246,000 and company total assets are around $3,000,000 (or more) so go figure! This should be trading @ $0.035/ share AT LEAST!
OK, no running out and tying 50 helium filled weather balloons to a lawn chair and cutting the ground cord while your sitting in it. Let UncleDad sit in it and cut the cord so he gets a rise out of PEII and enjoys himself...lol, Just kidding, go ahead, you know you want to take the ride yourself...lol. Just don't forget the parachute! Since it's PEII it could be a bumpy ride! Just keep the Beebe gun away from UncleDad!
The 2nd Quarter 10-Q should be out shortly, within a week or two. That should speak volumes as to PEII's direction. I think it will have a couple of POSITIVE surprises in it. Read it carefully when it comes out! Don't expect any production earning increase much though, that won't be until November 3rd quarter 10-Q until we get those numbers.
That's because it's an old website they had before 2012 and for some reason they still host it. It probably has most functions disabled and is just a basic page. Wondered about that one too.
I suggest if you have concerns about dilution and share price, send an e-mail thru the Petron II, http://petronenergyii.com/ ,website as to suggestions and concerns and maybe if enough people send in e-mails saying stop the dilution, it might actually slow down considerably. It certainly can't hurt, best to keep it civil if you can though or no one will read them. Just a suggestion. I've sent a couple this week. Don't assume that FS reads this board, he probably doesn't.
PEII OS shares as of 07/03/2014 = 21,595,023 with a Market Value of $1,079,751 @ $0.05/share, fast forward to 08/05/2014 PEII OS shares is about 57,500,000 (3X as many shares) with a share price of $0.006 and a Market Value of $345,000. Oil production of 15BOD coming out of Texas, Approximately 750 BBL's of oil sold for approx. $75,000 in the month of July (450 BBL's were in storage and an additional 300BBL's FS noted on radio interview) 12 months prior NO oil income from Texas. Dilution still happening and will increase if share price does not hold up above $0.01/share. FS has to keep share price above $0.01/share (within 30 days) if he wants to stay on the OTC.QB and it needs to be above $0.01 for him to get S-1 approval from SEC. Within the next two weeks the second quarter 10-Q will come out and should show a PEII's debt REDUCED by approx. $1,500,000 (substantial). Oil is about to flow from Snyder-Simmons lease in OK within the next two weeks and I'm sure a couple more PR's will come out as well soon. PEII files up to date SEC filings, Oil production will likely be 50 BOD total for PEII by the end of this month and 110 BOD by end of October. This is why "I" invested into PEII. This is based on facts and hard figures not fairy dust. This is why I believe this stock is grossly undervalued and barring outright mass dilution this stock will rise shortly. Not saying it won't flounder for awhile, it likely will until NEWS comes out but I think "LORD FLOYD" will come through for PEII, himself and by default us (the shareholders). Tomorrow should be interesting day, buying opportunities likely, especially later in the day. Enjoy! Out of posts for the day. Good night.
Actually, I'm around break even on recent investing here and made some good amounts pre R/S. R/S almost always follow a similar initial pattern and that's why I'm loading here to capitalize on past experiences. OR, if it makes you feel better here, I'm lying and lost my shirt like CHS1 and just don't post in CAPS all the time. You can speculate all you want. In the end, I will be making money and likely lots of it. Good luck to you as well.
It's EXACTLY what happened and I bought some @.0038 and .004 just where I want too. Thanks to nervous sellers. This shake out will continue; I will continue to pick up shares. In the end CHS1 and others will wish they did to at these price dips. This WILL be a volatile month for PEII, It's all starting to come together for PEII and all will see by end of the month. Game ON! IMO. To be clear; I am NOT a pumper and in NO way work for PEII, These are ALL MY VIEWS for MY own gains. If others make money following my lead great, if not, sorry about your luck and mine too.
Maybe CHS1 you might want to change your position and quit being "ON THE BOTTOM LOOKING UP" all the time. Apparently you either don't have the money to play the lows and highs here to make money back or lost so much in a past investment into PEII (not a wise investment strategy either at the time) that you have none left to invest; that you are a bitter person about this stock. Either way, we are all ADULTS here and I for one know the perils of investing in PENNY stocks and really don't need you trying to SAVE me from myself. Lord Floyd is NO gem, we get it. Thanks for your input though, you are helping me get some good buys here scaring others into selling shares cheap or is that your strategy? You sly dog.
Well that was an interesting "CHURN" day with not much dilution, for once. Looks like some got worried and dumped a lot of shares (before FS could dilute); kinda pulled a FS on the share price though... still we bounced up in the end. My God, this is SOOOO oversold. $336,000 for total OS Market Value (@ 56,000,000 shares OS - my estimate, by now) That's CHEAP! At $0.05/share this would be @ $2,800,000 total OS Market Value and that is where it should be IMO.
Sorry, your wrong with that assessment, IMO, That is the last place FS wants this to go because it will blatantly be revealed to ALL that this is a scam if that happens and it will go to a NO BID situation real fast and he won't get S-1 or anything else from anyone. I think production is coming, that makes him more money because it supports share price much higher, much longer and he makes more money long term. All IMO.
Got more shares did you Uncle G?
I think we just saw some unexpected capitulation on the part of some share holders. They sold others bought, won't take much to get this back up some if VFIN stays off the ASK though.
It is and I stand behind that, BUT, if VFIN keeps doing this it won't be for long as far as share price goes. It's a slippery slope and if VFIN goes to far this won't be pretty. I was hoping that VFIN would back off a lot more than this at this point.
Look at what happened yesterday, had 1.5 million shares total daily traded and was setting up ok, stabilizing (until around 3PM) and then BAM! 4.5Million shares dumped by VFIN in the last hour of trading brought it down. Popped up a little this morning then, slid to here but wait, VFIN hasn't kicked into high gear, again, wait for it, wait for it... and , again, this sucks!
philly, think about it, does FS REALLY need the S-1 approval, he is DIRECTLY doing what CPUS would be doing instead. Selling mass amounts of shares on a daily basis at or below BID towards the end of the day and then backing off just before the end of day to allow it to come back up a little. They will sell shares here at $0.005 here by end of day, watch.
Come on VFIN you know you want to do it... dump a million shares (at least it's not a Billion shares) or more already! Take this down as usual... This sucks! While FS can make more money selling shares each a day vs producing oil, guess this will continue.
VFIN is getting ready to dump shares again... wait for it, wait for it...
The only problem is VFIN will likely come in at 3PM and dump 2-3 Million shares and screw it all up, unfortunately. Snyder-Simmons coming on line with 35-50 BOD is this stocks only hope for a substantial rise in price. Otherwise, we are just getting played and this stock manipulated. Good buy in points to come for when production ramps up though. OR, VFIN could jump in now and take it down further, Jheeesh! IMO
Your a sick puppy uncle G but gotta admit it was funny!
The common share par value is .00001/share ONLY the 10M preferred shares have a par value of .001, Since this is last message for me for the day, lets hope Tinker Bell drops some magic fairy dust on PEII and you alike and turns both into something of value. Market Value today is about $415,000 @ .0078/ share even with nearly 54M OS, so definitely is under valued IMO.
There is more than 500,000 share BID supporting the .007's range, won't take much to move this back up with resistance at .01 and above. Just need a catalyst to get it moving up.
Outstanding Shares as of 8/02/2014 =
53,095,856
as of 07/27/2014 = 34,001,855
as of 07/19/2014 = 28,371,014
as of 07/16/2014 = 25,448,776
as of 07/12/2014 = 25,088,190
Kinda makes sense that VFIN would back off now, they made their money off stock sales and are waiting for share price to go back up above .01 before hitting the ASK line again. FS needs to slow the dilution and start production on the Snyder-Simmons ASAP.
VFIN has backed way off the ASK today and stayed there so far. Guess FS isn't diluting today, go figure... Now if it just stays OFF for a few days; that would be nice and maybe we get PEII solidly over .01 again.
I don't make excuses, no use for them. I make observations and do my digging into company history as needed. I'm not so interested in the past, I'm NOT investing in the past, I'm investing in the future of any company I get into. The past needs to be noted only if it looks like it is about to be repeated and then acted upon accordingly.