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Not for nothing uncle but PEIID has NEVER kicked A## ever since the beginning of the year. I would however think it's about damn time it stopped going into the RED any further and started showing some GREEN on the stock charts so I can make a little money back here instead of FS getting it all. It would be a refreshing change since this stock is so blatantly oversold its ridiculous. IMO
You and me both.
FS better have about 50BOD in his announcement on "Money for Lunch" tomorrow or this is going deep sub-penny if it's more of the same WEATHER delays BS and no increase in oil production or sales. What a total disappointment by both FS and the stock manipulation and dilution.
This is pathetic, one day after everyone can trade this on the OTC.QB and it's trading below a penny... back to the pinks again if this keeps up.
That's the credo here "live in hope". Hope that FS isn't a crook and actually will do what he says and oil production will ramp up soon. Hope that dilution slows or stops and hope that we all make some money here instead of loose our asses again with another reverse split to prop up share price for FS so he can keep PEIID on the OTC.QB.
Fact is that if it doesn't show as being on the OTC.QB on TDA then likely it doesn't on other trading house entities, MY point was that most will think this is still in the PINKS until the entity they are trading through acknowledges PEIID is on the OTC.QB whether it is or not. I deal in "facts" and make educated speculation based on that. One fact I noticed now for months both pre and post reverse split is that NITE is heavily manipulating this stock downwards 90% of the time by constantly lowering the ask and dumping shares. Until that stops this stock will consistently loose forward momentum until those trading thru NITE decides to stop this. Watch anytime we get forward momentum on Level II and you will likely see the pattern too. BTW, TDA account now shows PEIID is on the OTC.QB trading platform FYI.
Not according to TDAmeritrade yet. It shows PEIID still trading in the PINKS. When it changes on my account then I will believe it.
Only 5 days more above .01, and this gets listed on the OTC.QB . Has to be above .01 for 30 days and we are close... Watch for BID to go up ALL week IMO now that it's closing in on up-listing.
And there it is. VFIN jumps in to lower the ASK to .023 from .025 bumping it with a 110,000 on the ASK followed by ATDF who doesn't want to be outdone and drops it to .022 on the ASK. Finally had a good start and people just want to keep it from flying... kinda sucks. BID side is fighting back and being resilient, impressive, hope it wins out. Spread is close, that's good.IMO
barry, I agree, short term, I see an up trend too. We are in a severely oversold situation here right now and I think two or three good PR's will likely drive this up to .06-.08 range, again short term. IMO
Still a little to early for me to agree entirely but would not surprise me if you are correct.
If FS sells 500,000 shares a day right now, even @ .018/share he is making $9000/day, $270,000/ month or $3,240,000 / year selling at these levels. That is far more then PEIID is making anytime soon pumping oil or gas. By contrast, if FS and PEIID was pumping oil at 100BOD then that makes PEIID $10,600/ day at present rates; that's $318,000/ month and $3,816,000/ year. FS has sold approx. 10M shares since the RS nearly a month ago, netting PEIID between $250,000-$330,000 in that time, ALL from investors that are buying the PEIID dream. If, in the next two months there is no significant oil production increase then this is just a company subsisting off of unsuspecting investors that are drinking the FS koolaid, invest CAUTIOUSLY here. $10M worth (S-1 financing) of shares at these share prices equates to HALF A BILLION shares or more of dilution to come with the S-1 approval. IMO.
The S-1 is 99% BAD for investors but great for FS and Petron Energy II. It provides money to the "company" that will be paid back directly by share holders since it's a "shares for cash" deal that have to be sold nearly immediately for cash repayment to CPUS. As soon as it kicks in, I'm likely gone. This stock will start the death spiral again leading up to sub .01 world again UNLESS there is decent oil production at the same time we are getting $10M worth of dilution. FS is doing what is needed for this company to survive and maybe even flourish but DOES NOT give a damn about the common share holders and their investment growth or even survival. Anyone who thinks FS has shareholders investments best interests at heart is delusional. Don't get me wrong, in the next 30 to 60 days there is money to be made here for shrewd investors but NOT for the inexperienced. IMO
If there was 80 Million OS at a per share price of .018, the total OS shares would have a face value of $1.44M. There are probably 31 Million shares OS right now which would equate to $558,000 total OS face value. That is pitifully low. Back when there was 500X more shares OS @ $0.0001/ share this was at nearly $1.5M and NO oil was pumping then. This is massively OVER SOLD and under valued. We should be at .05-.08/share right now, just based on capitol equipment, oil production and leases owned. That 500:1 reverse split PEIID did kicked every investor here right in the kidneys. FS had little choice at the massively diluted levels they were at though because production was just not there yet. Getting this back onto the OTC.QB will be a big boost to this stock but PRODUCTION needs to follow quickly or it's wash, rinse and fleece again. IMO.
There is a nice build on the BID side happening. Looks like support here; if this keeps up we might start to move back up a tick or two and be flat for the day.
PEIID's website is back up and running again. Was down for a couple days, now up again.
It only would cost $8750.00 to buy 500,000 shares @ $0.0175, so shouldn't be hard for FS or other interested parties to hold the line here to keep this away from the $0.01 demarcation line. Shorters are betting this will go down further. Lets get them to loose money by getting this to go up instead and stop the shorting. Though I didn't think shorting OTC stocks was allowed...
Likely they will change back to PEII with the OTC.QB up listing then.
Likely soon after going back onto the OTC.QB board. I believe it has to stay either 20 or 30 days as PEIID before if can change back to PEII or any other identity.
.02 is the equivalent of buying this stock at .000034 in pre R/S terms. Just for comparison. For nearly a year PEIID had no income other than sell shares to keep itself alive. It dumped billions of shares on the OTC market to keep afloat and pay down debt. I bought some of those shares and lost my ass like many others in the pre R/S PEII stock. I salvaged enough to reinvest here, now, because the proper signs have lined up. Once the floundering in share price is done at this level it be all systems go and this will start to move UP in stages with press releases, 10Q earnings improvements and production statements pushing it. It may be a two steps forward, one step back trend but UP! IMO
If this stock stays in the 50-60M shares OS range, by end of third quarter, then that is very likely to see that and maybe a little more. IMO
That's why getting this back on the OTC.QB board is so important. OTC.PK's are just toooooo risky.
At the beginning of this year when PEII had NO oil production or any hope of it any time soon this stock traded at around .0039 with OVER a BILLION shares outstanding. The total OS value at that time was around $3.9-$4.4M and PEII had a crap load more debt on the books then. Now with reduced debt, going back onto the OTC.QB stock board and low OS value, this has a total OS share value of $0.5M. PEIID is pumping oil @ 15BOD from Texas alone and selling that oil. If half of what FS is saying comes true then this will be selling near 100BOD by the end of the third quarter. Near or at break even. If dilution stays under control then it's a no brainer that this stock will go up from here in per share value. IMO
Who ever at NITE is selling at .02/share is a fool. This stock will very likely NOT stay at these low levels. It goes against every technical on this stock. Guess some just don't care about that and want out. A pity, ship is about to come in and they won't be on it. This should be trading at .06-.07 at this stage even with it's crappy performance in the past.
This stock is severely under valued at these levels. Total OS is worth about $0.5M at these levels. The land rights, pipeline and capitol equipment PEIID owns is worth far more than that.
Looks like some are bailing out hard! Selling at .020 in the hundreds of thousands. This will likely test the post split lows here today at this rate. was going to buy more, not now though, maybe later.
As long as your not smelling the "runs" coming, it's all good...lol. Sorry, just couldn't resist that one. Go PEIID!
Ever since this stock went to the pinks it has lost money for almost all invested. PEIID going back to the OTC.QB is a big game changer in many ways. This company is definitely a "going concern" at this point. It's paying down its debt and using money to get more oil production on line, all be it slow off the mark. This company will be here next year producing far more oil then it is today. FS has his own interests in mind, that's for sure and until this point those plans really have NOT taken investors to a higher value with this stock AT ALL. However, I believe investors are about to be given a boost in multiple ways, through production primarily. If PEIID can produce SIGNIFICANT oil and gas production by the end of August then the 3rd quarter earnings (that will come out in November) may be a MAJOR positive boost. Dilution here needs to slow and that won't happen UNTIL production is the major money maker for FS and PEIID. Watch for the Q2 earnings release, should be in early August and likely will show significant improvement in DEBT on the books. All IMO.
All said and done, This stock is unlikely to go below .012 at all (I don't see it getting below .0190 again unless we get no further oil production improvement) even though many here have been saying it will be back in the trip zeros soon. The metrics have changed for PEIID when it gets back onto the OTC.QB board. If FS starts bringing in significant oil production and it looks like he will, then right now will be the time everyone will wish they had invested in PEIID. FS will find every way in his bag of tricks to not let this fail. IMO
Seems like a tightrope walk to me but maybe you are correct.
I live in hope too. Hope that this doesn't implode before it makes investors here some money and that FS actually does produce mega oil soon so we don't loose our asses here. IMO
Interesting read. The only problem is that FS basically lied on the OTC.QB application in that he has stated all along that he OWNS nearly all the PREFERRED shares that give him 51% ownership of PEIID; where as he states he only owns 1% of the shares on the application. He may own 1% of the COMMON shares but that isn't what is in the statement... hmmmm. It will likely just get approved anyway because the OTC board will likely not check the facts anyway.
Likely when this goes to the OTC.QB it will revert to PEII and there will be another couple day wait period before anyone who already owns it can trade it. IMO
He will do whatever it takes to keep PEIID above .01/ share including another R/S in my opinion.
I just listened to the radio re-broadcast and he said up to 30 days to hear back from the SEC but he expected a quick approval.
Item #2: equity line won't be back FS said, UNTIL it gets approved again, FS ANTICIPATES it to go through smoothly but he said may take up to 30 days from the day they resubmit the S-1 for approval and the SUBMISSION of the S-1 to the SEC to hear back from the SEC. He said submission to the SEC would be the day after PEIID goes back to the OTC.QB market place. He has to keep this stock price ABOVE .01 for the full time leading up to the S-1 approval to remain listed on the OTC.QB or he won't get the S-1, if it falls below .01 and back onto the OTC.PK's again. We are sitting at about .03 right now. IF FS comes out with some good production numbers week after week until he gets the S-1 approval and IF he doesn't dilute this above 80 Million shares by then; then we will likely see this stock hit the .13-.25 range just prior to the S-1 approval. Right after the S-1 approval, I'm selling and running for the hills for a while because that is when the DILUTION will kick in like no tomorrow as CPUS has to dump shares on the market as fast as FS draws down the $10M. All this will help FS towards PEIID's goals but again screw the COMMON share holders (just like it did before the R/S). Wash, rinse repeat! IMO
By about the 10th of August the 10Q should come out and then we can see if financially PEIID is in better shape now, since FS stated debt was reduced over about $1.5 million due to stock sales. Oil pumping in Texas is REAL income. There is a lot of "blood in the water" still after 500:1 reverse split where many here took a bath (myself included) but not as bad as some. I said it before and I will again. By the end of August this stock will either boom or fizzle. By then, if there is meaningful production out of the OK properties along with any acid stimulation increases of production out of the Texas wells then this stock won't remain a 3 cent stock even with the moderate dilution expected. It will go up. How high is up to speculation but I would not be surprised to see this in double digit pennies by then. Several factors lead me to this prediction, largest of which is FS's desire to get this company producing oil at $7.5 Million per year income vs any share dilution schemes $1-2 Million gains. Just plain greed. We all paid for this to be a success for FS in his pre-split stock sales to us all. Now that money is being used to further FS's dream (and ours) OIL PRODUCTION and SALES! All be it at our expense to this point, this will deliver, a bit more patience is needed though. IMO
That would likely be FS, selling shares to make ends meet. If your not selling much oil, you have to sell something to pay the bills and the only thing else they have to sell is shares. At least the dilution is only at a million or so at a time and not BILLIONS (yet).
So Texas is producing oil, finally, 15 BOD equals $45,000/ month and they already must have a months worth sitting in storage as they stated they had 450 BBL's in storage. This equates to $540,000/ year. This is just from Texas, without the Redder lease portion stimulated yet. If Snyder-Simmons and the Garrett lease in OK start to produce this might actually be a 200 BOD money maker. So far, FS is "starting" to deliver on production promises, all be it in whatever time frame he gets around to it. This could get interesting and this time in a good way. IMO
PEII, PEIID; FS covered himself pretty well by the looks of the SEC filings I have read. So going after him would likely be a further waste of time and money. We are all big boys and girls here so if you feel you got "SCAMMED" then you didn't do enough DD before taking the "BIG" risk of investing in PEIID. If FS is actually doing what he says he is, then this stock will eventually turn around and pay off, just not anytime quickly IMO.