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Dude, I'm calm and cool as can be. Just dislike blatant manipulation by some big players that screws all the smaller retail investors here. That simple; I see something about a stock I like , I say it, something I don't, I say that too. Emotions have no place in stocks, that's how you get screwed.
Really Philly, what's ETRF going to do, sell shares to itself? It has 196,500 on the BID @ .031 and ETRF has 50,000 on the ASK @ .038, so really...
A big problem for FS is that he NEVER addressed the effect that the R/S has on Authorized Shares. The 8-K that was put out only addressed the OS and NOT the AS. Is there still BILLIONS of shares authorized? It sure looks it to me. It has to be SPELLED out in an 8-K filing and there has been NONE to change the 25 BILLION AS statement filed earlier this year.
That's great but with ETRF, BKMM, CSTI and especially NITE sitting on the ASK this is going NO WHERE until they ALL back off the ASK. Considering they all are sitting on both the BID and ASK, they are just flipping this stock like they did when it was at .0001/.0002 pre-R/S to who ever they can sell to UNTIL the retail buyers dry up, then they move on to another OTC penny or sub-penny stock they can manipulate. Production by PEIID is the ONLY game changer here.
Yeah, like that will change everything. Guess it couldn't hurt though. You can see just how it's so important to PEIID that investors get correct information. 12 Days after reverse split and company website not updated to show R/S. That's just sad.
I love Petron Energy II's web site, it still shows nearly 10.5B shares OS as of 7/3/2014 with NO update. You would think someone would update the web page to reflect the post R/S numbers now 11 days after the R/S; ESPECIALLY when FS is trying to sell interest in PEIID's new shares to "new" potential suckers, I mean share holders. Anyone interested in this stock would, upon checking it out and going to PEIID website before investing, would come away scratching their head. They would think there is 10.5 BILLION shares OS, hell even Investorshub data has the "post R/S" OS wrong too. No new investor is going to buy PEIID shares with this type of confusion going on. It's ridiculous. IMO
Unfortunately, this will likely be trading in the low 2's by Friday, FS will stall yet again on actual production/sales results (other than selling more shares). I can't believe that there is no good news, actual news, NOT, "we should" or "weather permitting" caveats tagged POTENTIAL news but ACTUAL good news that will have long term good effect on this stock ready to come out at this point. I'm beginning to believe that if it looks like a duck, quacks like a duck and walks like a duck it could still be a PIG! IMO
With this spread between BID of .039 and ASK of .047. It shows little buyer interest other than NITE,CANT,ATDF and VNDM doing their little buy low and sell a few ticks higher game. Soon even they will loose interest in PEIID if they can't make money flipping this stock. I hate the manipulation this stock has gone thru, it sucks the life out of the share price until it can't get any more and then causes another R/S. IMO
I hope FS kicks this mule and gets it into real production before then or shareholders will have another difficult time ahead. IMO
Wait until CPUS gets into the mix, That $10 Million share/swap financing will cause this stock price to drop off a cliff until production gets into full gear. Then it will rebound but how far down it will go until it gets real production, anybodies guess. This will hit a penny/share before it hits a dime/share. Just give it a few days.IMO
FYI: $10M financing = 166+Million shares of dilution added @ $0.06/ share that CPUS will have to immediately resell, if PEIID share price stays at these levels, over the term of the financing draw down. This is good for FS and PEIID but NOT good for the common share holders, its hard to GAIN share value in the face of dilution like that... wash, rinse and repeat, sound familiar!
The dilution issue is still happening here, add three zeros to the daily shares trading and your back to the billion+ shares a day equivalent. Instead of adding a billion shares a day at .0001, FS gets to add a million plus shares a day at .06 to the OS from the nearly unlimited amount of AS out there. There are considerably more than 18 Million shares out now. Every day more are being added, granted at a much slower rate then a billion a day but it is still happening. Not saying you can't make money here, after all FS is making plenty with this shell game and now the $10 million financing that was supposedly APPROVED back on May 9th and now it's OOPS well wasn't really approved, sorry it took 2 months to find our error. Give me a break, that was NO error. Be very careful adding to your position in PEIID until REAL PRODUCTION numbers come out or you might just get burned, again! Not saying it can't be played short term and make a buck or two, just watch your investment here like a hawk, it could turn on a dime and fall like a rock. IMO
Exactly, wow, we are at the equivalent of .0001 again! WooHoo were taking off now! Sky is the limit! Sorry, I'll try and contain myself. (yes, that was sarcasm).
He is probably right, a pull back is entirely possible here. It's common and prior pull backs with this stock should have taught most here that. Pull backs are what PEII/PEIID does best so it should be no surprise here to anyone if it does it. Not saying it will go back to the .01's but the .02's might hit again shortly for a brief time with a small sell off. Confidence is still a big issue with PEIID after its dismal performance as PEII. You may be the idiot if you let emotions versus observations guide you in investing. IMO
If I had a dollar for every time I heard that here I would be rich without PEIID hitting oil.
Yeah, I read that the day it came out. It does NOT have any statement as to the AUTHORIZED SHARES (AS) of common stock, just the OS are stated in the reverse split. The AS still are in the BILLIONS if no further statement is issued as to the reverse split effects on the AS. No 8-K statement has been issued to that effect, as far as I can find.
If this stock PEIID actually starts to produce meaningful amounts of oil and gas revenue, then FS will likely suspend the dilution in favor of share price rise. Just makes sense really. Time will tell.
FS said there were some "unexpected bumps in the road", did he mention the sink hole we all fell in, somebody throw us in a rope, tie it off to something strong so we can get out, I know the producing Garrett #3 well, that should do it. Now lets hope the pump jack doesn't fall in on top of us!!!!
Great, so now we are at the ( before RS ) equivalent of .00005/ share or there about. Who says you can't find a bargain here below .0001...lol. Give it awhile it will be at the .00001 level soon and FS will have to change the face value again to .000001 and do another RS to attract a whole new bunch of suckered in investors. What am I saying, we want more suckers, come one, come all!!! PT Barnum (FS) will gladly take your money and deliver the promises that will amaze and thrill (no one)...lol. There's one born every minute! Enjoy the ride, just try not to throw up at the end...!
It's anybodies guess at this point; PEII/PEIID's own website still has it at over 10 Billions shares OS (the before RS value). Since there was NO line in the released 8-K about the AS amount then I can only assume there are BILLIONS more to come and I am sure FS will sell you some at these levels.
All that the $10 million line of credit will do is further dilute this stock again. We DO NOT WANT a DAMN $10 Million dollar deal that will be paid back by giving the creditor shares as payment and telling them to sell them right away in the deal. IT SCREWS US the common share holders, just like it just did with the R/S but NOT FS, he still benefits. WE NEED PRODUCTION TO MAKE MONEY HERE PEOPLE or "WE" get NOTHING, because production and sales are what will drive the "common share" price UP! How many times must this picture be painted! Just because FS and Petron II benefits does NOT mean we will benefit as COMMON SHARE holders without substantial oil sales numbers.
Tom, what you might expect, ra,ra go team PEIID... Still no production numbers, BUT SOON!!!! (hell will freeze over sooner though, IMO).
Or, Uncle we will see another R/S to keep the price there... again history repeats...
Well as soon as NITE is done playing it's little games today, we will be back below .02 again. Don't get suckered... NO production numbers yet!
No matter what FS say's, even if it's "we have 150BOD production" VERIFY thru reliable sources first before putting another dime into this stock or likely will loose more money. The past has a way of repeating itself and with share face value of .00001/share, common stock shares here aren't worth the paper they are printed on. Two R/S in it's history, etc. doesn't bode well. Good fortunes to all! IMO
My investment in PEII/PEIID is down 93.8% to date and I bought in at .0006 before the split (what I thought was a good inflection point based on available data) and sold 92% of my holdings at .0001 so guess I was lucky to do that on the 3rd of July before split and save something. Still, I lost thousands of dollars with PEII and MANY more here invested more and less at higher amounts and lost accordingly. To say the least there is blood in the water around PEIID and it will make it hard for those burned to put a dime back in this stock. It's like a sickness though, everyone wants to try and regain some of their losses here by reinvesting into PEIID still thinking it will deliver on FS's promises and that's great IF FS delivers but my advise is wait for "PROOF" of earnings and product sales before succumbing to the buy back in urges folks. FS is still at the helm taking PEIID where ever he deems with little care for his common share holders. IMO
This will end the day back in the .01's no matter what FS has to say. There is NO forward momentum here and the big players know it. They are just trying damage control too. Look at the spread between BID and ASK, you could drive a car through it. If there was any real upside pressure, there would only be one to two ticks between BID and ASK, not 18 ticks! IMO
No John, great news is when we get production numbers and reserves in the ground numbers. A swab test on a non producing well is not great news. It's more BS PR's without substance meant to pry more hard earned money from unsuspecting investors hands to benefit FS and ONLY FS with his 51% control (no matter what), at this point. IMO
NITE, CANT and ETRF are the only entities keeping this stock afloat right now, share price wise. The same ones that sat there playing the one-tick-flip at .0001 and .0002 are NAVIGATING and manipulating this stock at shareholders expense still. NITE sits there with 10000 on the BID @ .0219 and at the same time has 10000 on the ASK @ .0280 trying to cash in on any gains and creating a trading window that it and others are manipulating. IMO
No, we could use "A LOT" of share holder value here. Many here have lost 70-90% of their investment in PEIID listening to the "PEIID Piper" FS and his empty promises. He needs to deliver solid, verifiable production numbers ASAP if this is legit and real oil operations are happening here. This stock is sitting at an approx. equivalent of (pre reverse split) $0.00003 by my calculations. People have lost hundreds or thousands of dollars amidst FS saying how he was going to build share holder value and get this to the AMEX. Which share holder is that? Is it the ONE with ALL the preferred shares (FS) or the the ones with the common shares (US)?
Enjoy that beer uncle, hopefully your patience and optimism will be rewarded here some time in the future, just doubt that's anytime soon, unfortunately.
Lower levels are coming quickly, investors have no faith in this stock until Texas RRC or other third party confirms significant oil production and sales. If that happens then THAT is the time to buy, not before, IMO.
The Money for Lunch "crap" show will likely only address the Texas wells coming back into production and the Garrett lease purchase completion. The I'm sorry about the reverse split investors but the lawyers made me do it... blah, blah, blah.... I would be impressed if he even mentioned Snyder/Simmons lease. I love it, I love it! NOT!
With a spread between the BID (.0182) and ASK (.0235) then it CLEARLY shows the lack of interest by buyers for this stock. The word is out FS. You couldn't sell snowballs in Alaska right now.
FS absolutely needs to clarify the AS question. Is it 23 BILLION or something much less because if it's not SPELLED out in an 8-K statement then it's still in the Billions NOT Millions. If Billions then this is just toxic and done! It will be back at .0001 in no time but if millions then it might survive and slowly grow in price, depending on dilution and production numbers. IMO
Just add 3 zero's to the daily numbers and you get the same dilution we were seeing before the reverse split...IMO
Yeah, good luck with that. Hope you find someone more than the receptionist there. The office is probably in the janitors closet...lol
No idea, look at building directory, usually in lobby to find them.
Uncle, I wasn't all excited or anything, more like scratching my head in bewilderment and going WTF inquisitively. I lost all excitement in or for PEII when I lost $17K on 7/3/2014 after reverse split gave no hope of regaining my losses quickly if this went back to .0007 or above. Sold 30M shares @ .0001 to save some money and left a few million behind for the split. Guess we will see how this plays out but with little hope for real production soon. If they had a bunch of production ready to come online, why such a deep reverse split? A 200:1 would have sufficed to get it back on the OTC-BB. Heading out to the fireworks with the family. Enjoy your night and thanks for the concern, having that beer...lol.
According to the Texas RRC site, most of the PEII wells available to bring on line are listed as "shut in", The expression used to describe a well that is capable of gas or oil production but is not yet connected to a pipeline is “shut-in.” So far, no production rates are stated for any of the Texas wells as of yet. Just an FYI. Enjoy the 4th festivities all!