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Lets keep the Faith.
Look at it the way I see it.
They are putting up 300 gas wells over next year. So in course of 1 year revenue will go up as the gas from the wells go on line.
Last week they announced oil discovery in Kansas on 500,000 acres of land they control. Now look at this oil find side. They said the well in Kansas produced 65 BBLs of oil. On 500,000 acres they can put a many, a many of rigs. Lets assume over 5 years they put one rigs for every 10 acres of land. That 50,000 rigs X 65 BBLs = 3,250,000 BBLs of oil per day. 3,250,000 BBLs X $100 per BBL = $325,000,000.00 per day. $325,000,000.00 per day X 365 days per year = $118,625,000,000.00 per year. Even if they only put up 1 rig per every 100 acres (5,000 rigs), it's still comes down to about $11,862,500,000.00 per year (and that if oil averages at $100 per BBL).
Look for Heartland to be a take over target in few years by big oil companies.
Now what do you think. This is a dam good long term investment.
You seem to have missed the whole point of why we don't get out. We lost so much in value over the years, that on, an if and or maybe it just might come back we can break even, else we would rather take a whole loss. This is concerning investing. But at same time we don't want to take a loss because mgt is playing games. We invested in good faith and mgt has a Fiduciary duty to it's investors. This is why we don't get out.
However mgt has refused to return calls, answer emails, answer regular mails and refused to answer public questions. When they do come out with info., it's vague at best. Look at my prior posting concerning other oil companies in same situation, you'll see they don't waste time getting the oil producing.
It's now about 4 years for me on this stock, after they announced the discovery of oil (4 years ago, oil was at $30+ a BBL, now it's well over $100.00) and they still haven't produced a BBL. In mean time interest rates on loans from banks had gone down dramatically in same time. so getting a loan should have been easy with a proven oil reserve.
Put all the information together and it is plain to see mgt dosen't give a dam about their investors, since they don't put out a financial statement, all I canassume, from my years on the stock martket, is that they are taking monies in form of salary, benefits, fees and other charges they can think of . This is why I am calling for an official investigation by OEC. This can only happen if everyone files a complaint.
Last that was said was that they will make an announcement in 2-3 weeks (this was about a week ago). Lets see what they say. If the news is good, I will be the first to apologise. Until then, I'll wait. However come Sept. 30, 2008 comes along and no announcement. Then I will push again for an investigation. This time I'll write letters to newspapers, business magazine and hope some lawyer will take it upon himself to take a class action law suite against mgt on behalf of stock holders.
Listen Greg/Kim I have stated many times I have called and left messages, with no return call, I have sent email, with no response, I even once went out of the way and sent PPTL a letter asking all of my questions (this was 2 years ago) and I'm still waiting for return mail. What's left to assume in this case, that this may, just may, be a scam. So what am I doing on this board? Well I stated that over and over again, to force mgt to come clean. The only way to force mgt is by having an official investigation. That's why everyone has to complain to OES. Everyone should constently be reminded that mgt has our money, for years, found oil but hasn't produced.
If you want more proof about oil & gas production, go look at HTOG. They found it, already producing it and announced they will build 300 more wells over next year for additional production (of their gas find). Why is it they can make this happen, but not PPTL. It's not just HTOG but many others as well. They all announced the findings and they are all producing, but not PPTL and its four years later since they announced it. So you do the math, one and one here dosen't make two.
I hope you all can say I told you so. But as I have been stating, it doesn't take 4 years to start producing, just a few months! In mean time we all lost for last three years!
And since he doesn't release Financial Information, the only thing left to assume is that they are taking the money in form of salaries (to make it legal of course).
WHY NOT? EVERYTHING I SAID IS THE TRUTH, THE WAY I SEE IT!
IF IT's not, then you prove me wrong. Your in touch with Bruce. Ask him the questions and tell us all the answers. But to tell me not to go there, you got to be joking! I will keep pushing for the truth until it screams in mgt's ear.
MGT has a Fiduciary Responsibility to there investors!
Look it up Islandkim, it's a term Greg refused to understand!
Yes, I do: The 300 wells are for gas production only. Based on earlier finds. Last week they announced oil find in Kansas on 500,000 areas of land (this announcement came out 2-3 months after the announcement of the 300 gas wells). This is a brand new field of oil. Maybe next year might be premature, but over the next 5 years, OH YEA!
Hey Greg: You Clearly have issues with me. Your going out of your way to blame me for you resignation of your position. Now your message to me is full of insults because you couldn't hack the responsibility you took on as moderator. All I did was keep ask the same questions over and over, and pushing mgt to answer those questions by asking everyone to file a complaint to OES. If I didn't they would still be silent. Where as for you and a few others, all you people did was run interference for mgt, even if you don't believe you were or not. I pushed for the answer because you weren't. Now your blaming me with insults to boot. This shows how inmature you are. So go home to mama and cry to her and be the baby like your acting you are to me.
As for mgt coming with positive info, like you say they will, use your that brain of yours, the push forced him to come out in the open. Thats all I ever wanted and I hope he ansewrs all my questions. If I didn't push, he will remain silent.
The problem is, is you. I was indirectly doing your job for you. By asking the questions you refused to ask.
As for me being a bean counter, yes I am, and I have testified in court and help put several people behind bars in my 30 plus years of bean counting.
So why don't you and your gang stop nit picking, and act like mature adults. But you and your friends are not going to bring me down to your gutter level of the mail you're sending to me or speading about me.
If you feel you still have problems with me, then I recommend you see a shrink.
hope fully soon. But I'm looking to the future, where they said they will have 300 more wells operating. I'm hoping for remore like 7-8 dollars a share in about a year from now (I know it's maybe a dream).
Hopefully I did, I put in two buy orders for 300,000 shares.
I'm not so sure, THis other group could just as easly decide not to make a play for the company and dump all of it's shares. Think about it, yes this company has upside potentional, but mgt is throwing in it's own money to pay bills as a loan to the company. What's the interest rate on these loans? They can legally go to as high as 24%. If there is a contract on the loans, contract can call for significant prepayment penalties on loans (that is if new mgt takes over company), if you understand what I mean. So even if there is a power play current mgt can still have the upper hand on finances for a while, which at first in power play stock will go up and then eventually back down. So how do you call this if one doesn't have all of the information.
I purchased htog at .0035 and on thursday it was up to .0151 before profit taking (But still closed 8% gain for 3rd straight day, Friday little to no change). HTOG announced that they will build and have 300 well going by next year.
I'm looking at TNOG as being similar to HTOG. However TNOG has producing well that need maintenance work. MGT is right about getting this fixed first. From what I read they should be finished fixing the 61 well in PA by end of Aug. So for now I see this stock going down a little more (maybe to .003 due to lack of production)and then in late Aug. it should start going up, maybe to .02-.03 by Sept month end. So I have a buy order to also buy TNOG at the same price I purchased HTOG, at .0035.
Good Luck.
For those of you who are complaining about this company, Don't, at lease it has producing wells.
You should see the fight at PPTL. So much so that the monerator quit because he in advertently stated he spoke to MGT and purchased stock based on MGT information, at a time when MGT wasn't giving out information, but he blamed it on people demanding answers.(Here PPTL suppose to have found oil 4 years ago, but as of today they haven't produced a barrel).
Hey RX, I didn't go away, my office moved and I was without a DSL for a few days. I see how the voltures jumped on me when I wasn't around to defend my self. Including one who called me a fraud for doing forensic auditing as my vocation. Whats his problem? he's afraid I might find problems on PPTL financial statements and let everyone know (which would make him another insider)? Then there's Greg, calling me a "Dimwit". Name calling from a moderator, somethings wrong with that picture, but then again he also confirmed with his own statement that he's an insider. Then there is Kim. This person supoorts Greg no matter what. I find it funny that both these people are the only people who talk to Bruce. I now think that they are one in same person with different alias names.
The only thing I saw positive is that Greg stated that he spoke to Bruce and Bruce will make something public in the near future, When? (but why didn't he ask him my questions and get us the answers right then and there?). Now Bruce will have time to come out with a carefully worded answers without providing proof.
If this is not enough, a pizza person wants to buy Greg a pizza and someone wants to make him President, how can he be a good president, the buck is suppose to stop with the President, if he can't ask the questions, then his presidency will go down the toilet.
As for the new guy, Kingsman, I would have done the same thing, however you said you purchased based on Gregs Faith. Greg stated that he spoke to Bruce and than purchased based upon what he said, several times (insider informaion), that why I would have purchased it, Not Faith!
Like I stated before, you dish it out, I'll dish it right back!
So let's stop insulting each other for our different points of view. However if you keep dishing it out, I'll dish it back. Then this site will be nothing more then a wrestling match.
Listen everyboby! Greg resigned and is blaming me for asking questions and not getting answers. All you have to do is read about the last 100 messages to see this. Even a blind person can see this. He claims to have spoken to Bruce and had purchased stock based upon his conversation with bruce (This is called insider information). However, why didn't he ask Bruce any of the questions I was asking? let alone printing answers.
No: It's up to you to decide, do we get anwers or do we keep watching this stock go down while all other oil company stock go up. If you think I'm right about asking for answers to key questions, than it's time to complain to "Ontario Exchange Commission". If you think I'm wrong, than print the question you would ask and see if you get any answers.
As for me, My office is moving and I will not be on line for about a week. See you then! and Keep the Fafth, we'll find out if this company is a scam or not!
In past messages you clearly stated that you spoke to him (Which I printed and I'm keeping in a file) and that after you spoke to him, you made additional purchases of the stock based upon what he said. But you refused to share your information or phone number of mgt etc. THIS IS CALLED "INSIDER INFORMATION" (I believe Martha Stewart went to jail over it, as well as pay a hefty fine). Now you want to blame me for what?, asking the questions you as moderator should have been asking! It only shows that know I can read between the lines and that anything you wrote will be thrown back at you. So you resign and decide to blame me and use language that only confirms the type of person you really are. No the only person you should blame is the person staring at you in the mirror.
Maybe now they will put a person who is independent and not scared to ask the right questions.
As for the level of how this forem was, before I came along all it was doing was speculation and then more speculation based upon ealier speculation, just to make yourselves feel good (now that low). However once I arrieved, I and other believe it went up due to the questions I'm asking!
So get over it and stop acting like a baby!
Thank you for confirming exactly what I have been saying all along. YOU ARE RUNNING INTERFERIENCE FOR HIM. You refuse to get us information everyone (but you and a few others) keep asking for.
I don't have time to try and find his other number. I have called the number he posted for all investors to see and he refused to return any calls.
As for my forensic auditing skills, there there to determine if the numbers shown on books are correct or not. But you want to make it look like I'm some kind of PI (Which I'm not).
As for repeating what I write, take a good look at what you write. It's like a broken record.
If your such a good monerator and have his ear, why don't you get the answers for the questions we have been asking? Or are you full of hot air, hoping the stock would go up and then unload it on some one else!
See: I can dish it out just like you can! But the fact of the matter is, you rather defend, most likely your friend, Bruce, instead of asking the hard questions!
I stand corrected, a penny saved is a penny earned. But it's obvious that you only read the first half and not the second half. My meaning with the quote is that we lose money for every days MGT refuses to produce oil. Since you seem to have his ear, why don't you ask him when he intends on producing from the oil pool found (provided he is not scaming us)? Then your second question can be why is he holding back information? Your third question can be when we he release financial information to his stock holder? Again; He had a Fiduciary Duty to his Investors to answer these question? If you don't, that give me his phone number and I'll ask him! Then I'will share his answer, word for word as I will record the entire conversation!
Hey we have all been discussing for some time the non oil production at this lake in Alberta Canada, what about the whitemud gas that they are also involved in. It's still up on their board (See copy below). Are they producing Gas there or not? Is this part are an elaborate scam also? Like LARS said, let him come forward and explain himself!
Whitemud Gas Prospect:
The company has been offered the opportunity to participate in a proposed 10 section (6,400 acre) shallow gas drilling program located in southwestern Saskatchewan. The company is currently conducting engineering and geological due diligence. The initial indication is that potentially drilling 4 wells per section for a total of 40 wells over 10 sections could result in a possible reserve value in excess of $100,000,000.
As we said, we agree that it's a risky company and we all invested in as a risk. Our concern is not that it's a risky company, more that he is scamming. Maybe that picture is real. So whats preventing him from trucking oil out. Many other oil companies are doing. Both in Canada and U.S.. It's being done in Lousiana, North Dakota and many other place where a pipe line in not near. They had to have trucks there in first place to put up the rig in the first place. So trucks can clearly get there. In mean time those leases on the land will expire in 14 years. 14 years may mean alot of time, but for each day no production is another day lost and oil left in ground for another company to take over when leases do run out.
Like I quoted Ben Franklin in an earlier message. "A penny found is a penny earned." Right now for us, every day oil isn't coming out of the ground is a penny lost!
Usually when a company like this goes public (Like WWE went public in mid 1990's), insiders (usually MGT still retain over 50% of the stock without paying a penny for it (Vinvent McMahn retained 98% of outstanding stock) thereby preventing a stckholders revolt and still controlling the company. No the best way is to keep complaning to OEC until an actual investigation is performed.
Neto: I purchased $6000 worth in my reg. account and another $6000 in my IRA about 4 years ago. Now an earlier message asked me if I owned 1%, if not I shouldn't express my opnion. My same $6000 at todays price would get me 1.7 million shares or 3.4 million shares combined with my IRA. That is slighly less than 1/2 of 1% of the shares outstanding. Now this guy is using the No. 1% as if it means something. Like if you don't own 1% your not a true investor. Well now you understand why I didn't answer him. It's not the percentage of stock you own, but how much you invested.
Now we all invested in what we thought was a real company. If it's a real company, yes I took the risk and I lost. But more and more I believe it was a scam and thats why I call for an investigation. Because people like Bruce who suppose to run this company are not providing information and ignoring their stock holders as if they have something to hide. They have a Fiduciary Duty to their investors which they are not providing.
If it's a scam, than he belongs in Jail. If it's not a scam, than let him prove it to us (and not with vague announcements, but with specific information!)
You believe this guy, We have to spend more money to do our own research to see if there is anything there in Canada concerning PPTL, if it's even there or not. Hey T; What ever happened to MGT Fiduciary Duty to their investors? Yes it's a big word, look it up!
Thank You!
Hey Dragon Man! I have no idea what your talking about. Our posting never even hit the number 1400. If someone posted something on your web, it's not me.
I read about Mobilestream Oil Inc. and I'm not interested in it.
As for seperating oil from tires, back in 1997 or 1998 there was a fire at a used tire landfill in CT. A buy product of the fire was a seperation of oil from the tire (it was all over the news at the time). It seems to me, that it would be easier to build a cylow which doesn't allow air to get in, heat up the tires inside to burning point (with no air no fire), the tires would then just melt into oil, rubber and steal belts. But then again I'm no expert.
Please don't respond to this comment, as I said I'm not interest in this company.
Buy out from who? They haven't even proven they have oil, just statement with no production. Say there is some one interested in the company. What will they offer 1 cent for every 1000 shares? I rather take a bath.
TRY
http://www.osc.gov.on.ca/Investor/Complaints/cpt_index.jsp
I got this from neto. But as for me, I went to Key Word put in Ontario Exchange Commission and looked up complaints, clicked on the buttons and made my complaint. I didn't get the specific web site, but Neto posted it on message 765.
What I show above is a copy from his posting.
It also sound like to me "For every day no oil or gas is produced is a day wasted and less for us when it does eventually produce, "going to the full term of course."
Like Ben Franklin says, "a penny saved is a penny earned". Here a day wasted is a day we lost a penny!
YEA the noose is slowing tighting on you and Greg for deflecting the truth with spec.. Why didn't you copy and show the info instread of telling us to do it?
This is exactly my point. You claim I didn't prove anything! Take a good look there is no substance from either mgt or yourself. Nothing but Spec. and subposition on your part. At least I tell it the way it is. Just maybe, Just Maybe you and the others will learn from my experience.
Oh one more thing. You made acomment the other day about Fisher Investment having PPTL (a 23B Investment Company). I responded with various questions and told you that as of March 31, 2008 they were an over 40B investment company. However You seem to be ignoring the questions I asked about Fisher Investment and PPTL (they don't post their portfolio on the net and asked where you got the info, which fund?, what price? and when?) but you didn't respond. HMM, maybe Fisher Investment, just maybe they don't have PPTL like you claimed they have.
I believe your statement on Fisher Investment is just more Spec. so you can feel good about yourself and mislead everyone else who want to believe you.
Hey Kim; If you read everything I posted, you would have read that I did call, send mail, sent email with no answers. It's funny how you say there is another phone number but don't provide it. Buy the way my real name is Donald not Jason. But it sounds like Jason would agree with me. Which would explain alot about you and the other two or three who keeps defending this Bruce guy.
And yes! With 30 years experience in the market, I believe everything I said, I have been burned on companies like Syracus Mineral and Neutro Bevco. First went public to buy and a gold mine (this was just after gold went up to $800.00 for the first time back in the late 1970s, brokers and MGT took all the money instead after they couldn't buy the land they claimed they were going after. The second announced a non fat thick shack with contract in negociation with Burger King. Burger King was then sold, new MGT didn't want a non fat thick shakes and mgt of neutro Bevco claimed legal fees and salaries took up all the rest of the money. So yes, I clearly do believe what I am writing!
But it's funny why Bruce or MGT doesn't even try to prove me wrong. I have asked for this several times.
Wake up and open your eyes! or better yet if you and Greg have his phone number, call him and ask him specific questions (Not vague questions and don't accept vague answers) then let everyone know the questions you asked and the answers you got. I'm sure we would all appreaciate it.
If you don't want to, then give us the phone number you got, I'll give him a call.
Deep See: I'm glad you see what I see. The plain truth. These guys just want to spec. to feel good and then make more spec. based on ealier spec. to feel even better. They just don't want the see the hand writing on the wall and that is that they have been had. I mean did you see the last thing Greg wrote to me;
"Or maybe, just maybe, they too thought the risk to reward ratio was worth the investment. I know this is a stretch, but my guess is that a Company with their resources does not get duped too often".
After 2 years with banks knocking on their door, if they really did find oil and interest rate at an all time low, they couldn't get a loan do to equity ratio. Oh! Please!
This is what I mean about Spec. Guessing about a company equity ratio when the company doesn't even give out financials. With a proven oil reserve every major back would give them favorable rates just to get the business.
They just don't want to open their eyes and admit that they were taken.
Concern Fisher Investments:
1) I don't see how you were able to find PPTL in fishers portfolios, as fisher doesn't publish it's porfolio.
2) Fisher Investment has over 40B in it's investment portfolios as of March 31, 2008.
So before making a statement like this, read up about the company like I did. Then prove to me where fisher has this stock. In which of it's funds? What did it cost them? How many Share? when did they buy it?
Don't make statements to deflect the problem about MGT and lack of info come from them. If your going to make such statements, then do your research and show the information!
Oh stop picking on Greg!
I was scamed like everyone else on the news anounced and I waited for FS and never got any, I called and left messages with no reply. I sent mail and email with no reply. By the time I looked deeper into this, I realized it's already to late.
Because like us they were scamed also!
I believe we all know risk when we invest in the stock market. Yes we all know we can lose! Provided that the companies listed are legit. Every thing I read and see about PPTL lead me to believe it's a SCAM and therefor not ligit. How many times have I asked, if I'm wrong than let him prove me wrong! Come out with info and financials. Whats there to hide? That is if it's ligit, if it's not ligit than there is alot to hide!
Yes: Greg I quetion everything, including MGT Integrity!
This is clearly a brazen attack on me. I bought all my shares 4 years ago and have no intentions of buying anymore share for me or my family. Whats more I don't even recommend that anyone buys shares of this entity until much much more information comes out from MGT and about Bruce, the person, himself! But from your statement it's clear your doing the buying and accusing me of doing it!
No I want PPTL investigated by the OEC, and now even more so than before, I would like to see Bruce investigated. His actions or lack of information makes me speculate of possible many white collar crimes. But I will not accuse him without much more information. That why the tree has to be shook and all the investors will be what falls off of it!
OK ALL YOU PEOPLE WHO DIDN'T HELP ME ASK FOR "OTARIO EXCHANGE COMMISSION" FOR A FULL INVSTIGATION. READ BELOW! PPTL WAS DELISTED FROM PINK SHEETS FOR QUESTIONABLE PRACTICES. WHEN YOUR FINISH READ, GO TO THE ONTARIO EXCHANGE COMMISSION WEB SITE AND FILE A COMPLAINT ASKING FOR INVESTIGATION.
Pink OTC Markets has discontinued the display of quotes on pinksheets.com for this security because it has been labeled Caveat Emptor (Buyer Beware) and because adequate current information has not been made available by the issuer of the securities. It has been labeled Caveat Emptor for one of the following reasons.
Questionable Promotion — The security is being promoted to the public, but adequate current information about the issuer has not been made available to the public.
Spam — The security is the subject of spam promotion having the effect of encouraging trading of the issuer's securities.
Investigation of Fraud — There is a known investigation of fraudulent activity committed by the company or insiders.
Suspension/Halt — A Regulatory Authority has halted or suspended trading for public interest concerns (i.e. not a news or earning halt).
Disruptive Corporate Actions — The security or issuer is the subject of disruptive corporate actions, such as reverse mergers or serial stocks splits and name changes without adequate current information being publicly available.
Unsolicited Quotes — The security has only been quoted on an unsolicited basis since it entered the public markets and the issuer has not made adequate current information available to the public.
Other Public Interest Concern — There is, in Pink OTC Markets' view, a public interest concern.
Consequently, Pink OTC Markets has removed the quotes from this website until adequate current information is made available by the issuer pursuant to Pink OTC Markets Guidelines for Providing Adequate Current Information (PDF) and until Pink OTC Markets believes there is no longer a public interest concern. Investors are encouraged to use care and due diligence in their investment decisions. Please read our Investor Protection page for more information.
All information contained herein is provided "as is." Pink OTC Markets Inc. makes no representation or warranty, expressed or implied, as to the accuracy, timeliness, or completeness of the information provided herein. Neither Pink OTC Markets Inc., nor its directors, officers, employees, or third party data suppliers, shall bear any responsibility or liability to verify the information and/or its source or for the use, misuse, or inability to use the information provided. None of the foregoing parties shall be liable to any third-party claims or losses of any nature. Accordingly, investors should not use this information as the basis for making an investment decision. Please see Risk Warning and Terms of Service for more information.
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OK FOR ALL YOU PEOPLE WHO DIDN'T HELP ME ASK FOR AN INVESTIGATION WITH THE "ONTARIO EXCHANGE COMMISSION", READ THIS BELOW. PPTL WAS DELISTED FROM PINK SHEETS. I AM COPING THIS FROM ANOTHER WED SITE. THAN HELP ME ASK FOR A FULL INVESTIGATION AND ASK OEC FOR INVESTIGATION. MAYBE WE'LL GET SOMETHING BACK OR MAYBE EVEN SOME NEWS!!!!!
Pink OTC Markets has discontinued the display of quotes on pinksheets.com for this security because it has been labeled Caveat Emptor (Buyer Beware) and because adequate current information has not been made available by the issuer of the securities. It has been labeled Caveat Emptor for one of the following reasons.
Questionable Promotion — The security is being promoted to the public, but adequate current information about the issuer has not been made available to the public.
Spam — The security is the subject of spam promotion having the effect of encouraging trading of the issuer's securities.
Investigation of Fraud — There is a known investigation of fraudulent activity committed by the company or insiders.
Suspension/Halt — A Regulatory Authority has halted or suspended trading for public interest concerns (i.e. not a news or earning halt).
Disruptive Corporate Actions — The security or issuer is the subject of disruptive corporate actions, such as reverse mergers or serial stocks splits and name changes without adequate current information being publicly available.
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Greg your good, however lets take a look at these four companies you stated.
First is a UK based oil Company
Second is an Australian Based Oil Company
Third - I believe it's a New company because out side of June 9th when it traded at $114.00 there is no info or charts or anything I was able to find on them (also there are no other trades after June 9), I do get the impression that they are part of a company that trades in China, UK and Canada (I believe it's a new company. I wasn't even able to find their web site).
fourth - Like the third, after June 18 I see no trades or charts or anything on them. However I believe it's also a New Oil trading company that started on June 18, 2008. I did find that it is a California Based company and according to "Market Watch" they will be filing Quaterly Financial. Since it's a new company that just started it's first quarter didn't even end. Therfor it didn't even have a chance to file quarterly financial.
But maybe my interpretation of internation law maybe wrong. It's just possible that companies outside the U.S. listed on pink sheet may not have to report financial. The reason I say this now is that a pattern occured (again the auditor inside of me noticed this). Evey company I stated which showed FS were U.S. based, every company you stated, including PPTL is out side U.S.. Logical deduction indicates all U.S. companies must make public there financials because of SEC regulations.
Keep an eye on that last one, as I said it's a U.S. based company and it's first quarter isn't even up yet. Watch you'll see they will report FS on or about 2nd to third month after their fist full quarter is up. So look for it about mid to late Oct into Nov.
P.S. I will also keep an eye on the fourth company, I found a filing in Cal. of land ownership where oil is being produced. Got me a little curious.
I don't see any trading on those last two oil companies since they came out on their respective dates in June, these companies (being that they traded so high when they came out) could be part of a private placement which has over 250 partners, therefor their listing on the pink sheet. However As I said I see no other trades after the first day they came out (June 9th and 18th respectively). So even though there are over 250 members, I believe they are a private company, suck with reporting requirement of SEC regulation.
Lastly as I stated earlier, when I first got into PPTL, they had an office in Seattle, and I thought they were a U.S. based company. When I found out they were a Canadian Based company and had closed their Seattle office, I was upset but decided to give them a chance. After four years, I still believe we should have lots more info from them than we get, as well as have copies of Financials so that we can physicially see whats happening. As long as there is lack of information, no matter what, I will keep pushing for an investigation with the OEC.
My annoyance to this company is lack of information and financials. In an earlier message you stated companies don't have to file FS when your on pink sheet and I answered that stating that requirment of being listed on pink sheets doesn't exclud you from federal requirement. However I want you to take a look at another oil company stock I have (also on pink sheet). Heartland Oil (HTOG). Not only do they file financial they also make them public. Read up about them and you'll see they make public their financials quarterly. They will even make public their annual 10q filing.
Another oil company I have is Jed Oil (JED). Ditto with them as above. Also take a look at all the announcement they made just this year alone. This company is also listed on the pink sheet.
Here you have three oil companies one not filing or making public any info (PPTL). The other two making public (HTOG and JED). Wouldn't you think something is wrong with PPTL now!
For all you investors now going to look up these two companies, I am not recommending them. I'm using them as an example. If you buy, you buy at your own risk.
What do you mean preheated? What do you want to do wait for them to go into chapter 7 liquidation due to no money and can't their bills. Then we all lose! After four years of no info. I don't consider this to be preheated. Your thinking maybe the stock will go back up to what you paid for it, sell break even and lety some else take the fall. Well take a good look we are the someone else taking the fall. Why do you think no info is coming from them. In mean time this stock price keeps going down! No after four years there is not enough heat on MGT for info! Lets find out where this company is going and where we stand.
Let me give you an example of U.S. Surgical. They came out with new medical equipment which revolutionized surgery (it's call laprostotical or something like that). For two years this stock flew through the roof, went public at twenty and stock split twice where after the second split the stock went to $135.00 per share. The major stock holder was also the inventor of this equipment. In the second and third year of operating his salary went up to $100,000,000.00 per year (yes he was the highest paid individual at the time). Than J&J came out with is own version of this equipment at a slightly cheaper price. He kept his price high so he can continue to get this large salary. stck went from $135.00 in Dec of 1990 to $40.00 in April of 1991and continued to go down to less than $1.00 per share. U.S. Surgical went out of business in late 1990's.
Now ask yourself what is Bruces Salary! Only a Financial Statement will tell us how much officers are getting paid.