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Floyd would have to dilute at least 10b shares if s1 isnt approved. He said should know today or next week. He is not going to be able to dilute that many shares . Peii needs the approval to survive.....
Wow! Really naz .. Does this mean we will get above .0023????
S1 is very important imo wells are prepped just need funding to push over top to profit.
Thanks for posting cakes10
Looking forward to s1 being approved.....
Wow omne you just confirmed everything the board said about you. That is sad .
Wow im in a panic right.....
Whats this about omne?
No mention of a deal any where. ...
It seems like next pr will decide the future of this stock.
If floyd gets s1 approved we should be good.
If s1 isnt approved this stock will be diluted.... glty
Would it be a coincidence that powers was in New York the last several months??? Now keirten slader is now working for another company in New York that is looking to launch new product??????
Cooks I had to show naz that s1 was actually filed with sec
Try google search -sec filings
https://www.sec.gov/edgar/searchedgar/companysearch.html
That http should work.
Naz
https://www.sec.gov/Archives/edgar/data/1467434/000155479514000149/0001554795-14-000149-index.h
That is SEC website
I looked over all the exhibits for last several hours. Imo I believe if stock doesnt increase in price floyd shouldn't draw $ from finance company. That would cause heavy dilution.
SEC accepted 2nd amendment on 3/3/14.
Im not an accountant but reading it made me feel a lot better. I feel it is a legit filing. Floyd has a lot of info there. Engineering reports signed and sealed.
We will see... hope your wrong....Go peii
Naz
Floyd is going to keep 51% until the company gets strong enough. This is penny land actually sub penny land. This company is building debt and using creativity to get investors money. I have invested because I believe they will find oil before they run out of money. For floyd to go private, he would have to get investors to clean up pay share holders sec fees with a company that has no income. Not feasible. ...
Market is waitng for news. I think it will be sec approval of financing......
I can't se it being beneficial for him to go private now it would cost to much. If he had money coming in from production , maybe?
If I was ceo trying to get a company on itd feet I wouldn't give up my preferred.
Main goal keep operations going day to day. He has to get production.
Naz Floyd would have to dilute billions of shares before he did R/S....
Ceo is going to do what ever he needs to do to keep company going....like bakken deal. I know why and understand. I didnt like it but Floyd is moving towards the main goal........Oil! S1 can be approved by sec which will affect production numbers. Peii is a penny stock high risk . I am waiting I see potential... I understand your frustration with Floyd but he has a job to do and he is. I'm sorry you sold! Imo
And its up on news...... not so bad
Go peii
I really dont know whats next but I will be watching the wording of the next news release.
I dont believe this stock is dead . Floyd still has a chance. He could hit oil!!!!!!! If he pulls 150bod we can see .01 Prices are going up because of Russia . We could go higher. He could get control of debt if he is pulling oil out of the ground.....Market likes hope sells on reality....Imo
Well naz I dont have much invested in this.
I can wait . I do believe if this company is pulling oil out of ground all will be forgiving for a short term trade. Right now I am questioning long term.......
I didnt like the bakken deal floyd scammed everyone to pump the stock up to dilute.
All we can do is wait and see.
Naz
He would need something big to sell billions of shares.
If financing failed he will be pumping numbers bod.
The next news release will be very interesting.
Most likely he will blame financing for15b as and push s1 decision off as long as he can. Then pump bod..imo
He increased as not os.
Floyd has set the stock up to do massive dilution if he needs too......
They will have plenty of shares to cover..
Problem with 15b floyd already knows s1 isnt going to be approved.
Thanks omne..... glty
Tesla you have done an excellent job bringing information to the board. .. Thank You!!!!!!
Gotcha! Your definitely getting a lot of flack.. Gltu
Omne
I have been reading past updates from floyd , I cant figure out where the company stands on production. Do you have an idea or a time frame that You believe they need to brake even????
When was it do?
Equipment is scheduled to be onsite Feb. 3.
Thank you.thats what I was asking....glty
I wasnt a where that he wasat that level.
I looked back at updates. He isnt giving totals on bod and gas.
Wish we could get totals. When is 2qt do you know??
He is suppose to be at 10bod now..
I noticed the profit this year also.
My concern is if the financing doesnt come thru,, which I dont understand why sec would be an issue ????????
He didnt mention anything about gas reserve acquisition.
Wells need to produce.
Well it appears you are correct. S1 is their operating budget...obtaining 10million loan to pay day to day operations...
Its all about the oil.........
Agreed
Where are you at omne??????
Any info????
Its penny land. No need to call. I figure he will down play bakken deal create hype about improved bo being pumped that he will be updating Sooooon. Lol
Im gonna hold might be a while we will see.