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What if you have a fat hammer head with a tiny handle?
UFB! Thier supply of shares and their level of stupidity are both endless!
As long as they keep paying people in shares this is going NOWHERE!
At this point I wish people woudl STOP buying. Even if it went to 0001 Foce these jerks to do some real financing where they are personally on the hook instead of us. Pissed!
Honestly I don't know I was just presenting a potential path to the ASE.
PDGO
Happy Friday people Lets bust the 8s today!
True. I'm amazed at these MMs undercutting each other for scraps like sewer rats.
70MM shares sold and it moves .0001? Should have gone up to .0015 at least.
I don't see that as a paid promo. Its listed on Access Wire. I foudn it through Yahoo Finance.
I haven't seen any paid promos by PDGo since April.
Of course it can. Release news get it up to a penny and then 200/1 RS... done.
LOL At this point whatever. If it can creep up until news comes out so be it.
Why is the PR not showing above?
They haven't indicated a change in direction. He may have meant just a different look to the website as re-branding. But you never know. Have to wait and see.
Using the Centurion; we will start on one of our contracts next week generating revenue from our Technology Division and at the same time begin the process of oil production from our wells. Our goal by year’s end is to have the assets that were previously written off, added back on the books and have them create revenue and cash flow for the Company so that we will meet the necessary requirements to be listed on the American Stock Exchange. We will continue to follow our business plan; therefore, creating shareholder value.
Paradigm Oil and Gas, Inc. Retires its First of Several Shares of Common Stock back to its Treasury
EUSTACE, Texas, July 10, 2013 (eTeligis via ACCESSWIRE)--Paradigm Oil and Gas, Inc. (OTC PINK: PDGO) Paradigm Oil & Gas, Inc. today announced the commencement of its plan of retiring stock to the treasury. The first transaction is 70 Million shares of common stock which will help the Cap structure and show that our plan is to reduce some of its dilution. The shares were held in a Collateral Reserve Account until certain creditors were paid off.
“Our goal is to continue to clean up the treasury and work on our revenue while our auditors prepare to be reinstated to trade on the OTCBB Market. Paradigm Oil & Gas plans on retiring additional shares in the coming weeks. Once we have accomplished our goal and show a clean balance sheet with assets and real revenue; it will pave the road to getting the Company listed on the American Stock Exchange.”, stated Chairman/CEO, Vince Vellardita.
Using the Centurion; we will start on one of our contracts next week generating revenue from our Technology Division and at the same time begin the process of oil production from our wells. Our goal by year’s end is to have the assets that were previously written off, added back on the books and have them create revenue and cash flow for the Company so that we will meet the necessary requirements to be listed on the American Stock Exchange. We will continue to follow our business plan; therefore, creating shareholder value.
About Paradigm Oil and Gas, Inc.
Paradigm Oil and Gas, Inc. (OTC Pink: PDGO) is a dynamic company in business to provide service work to the oil and gas marketplace and to produce oil. Paradigm's goal is to identify oil producing wells and use modern technology to make them profitable based on modern commodity pricing. Paradigm Oil & Gas has several proven oil production leases and options for many more, holds the rights to the Centurion Technology, and owns rigs that target shallow stripper wells. For more information about Paradigm Oil and Gas, visit www.paradigmpdgo.com. If you wish to be added to Paradigm’s mailing list, please email: vince@paradigmpdgo.com
Forward Looking Statements
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. Paradigm Oil and Gas, Inc., is a company with limited experience in the oil and gas industry. At the time of this release Paradigm Oil and Gas, Inc. lacks the financial capabilities to meet its financial obligations and its management expects to dilute the Company's shares to raise the necessary operating capital. Based upon industry standards Paradigm would be considered highly speculative and lacks any competitive advantage over its competition. Additional risks you should consider are that this list is limited and additional risks not mentioned may apply: failure to meet Paradigm's financial and contractual obligations, Paradigm's managerial errors made based upon the Company's limited experience and knowledge of the industry, commodity risk, acts of God and regulatory risk. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.
Contact:
Vince Vellardita, President
Paradigm Oil and Gas, Inc.
vince@paradigmpdgo.com
News out
Got a reply from Danos
Received at 1:30 am last night so it looks like he's buring the midinight oil (pun intended)
This is what he said:
"We are in the process of rebuilding and rebranding the
company. With that takes time. I am fully aware that I gave timelines, but when it comes to website development and creating a new image for the company, I want things to be just right and our website to be first class.
First and foremost, my main focus at this time is seeking and acquiring new leases and production, something this company has needed for years.
I appreciate your continued support of Lighthouse"
I replied back with more questions and some suggestions. My gut tells me there are issues with the operator. But that is just my opinion.
There will be news coming but he didn't say when. which is good because he can't disppoint if he doesnt give a time frame.
I think LHPT still has a shot of rebounding in the second half of 2013. Waiting game for now. I'm not selling.
Actually it was 1,595,000 which is only $957 = not massive
And 4,680,000 was sold at .0007 for $3,276
Anyone familiar with OK oil production reporting? If someone could check these wells we might have something.
Over 9MM on the Bid at .0006 If they would just release some news!?!? There are enough eyes on this that this could fly right back to .002
Maybe a follow up to "Precision Petroleum Corporation Update on Plummer #1 and #2 ReWork" is coming
No. Nadda. Niente.
The Silence from this company is deafening.
For Texas RRC use link:
http://webapps2.rrc.state.tx.us/EWA/ewaMain.do
Select "Production Data Query"
Select "General Production Query"
Select "Lease"
Adjust your date range
Select "Oil Leases"
Change Onshore County to "Haskell"
Click Submit and then scroll through pages till you find Perry or whichever you're looking for. Perry is usually around page 18.
Alternatively, on the original query page you could select "Operator" and you will find HCE on page 3. Click on that and you wiull see the individual leases they are operating.
FYI still nothing since March.
Theory = confidence in a run.
Was the 16 million bid ever sitting on L2? Or did it just appear and fill?
Thats messed up.
Lets go 8s bang em down. Could be a big week next week with this setting up!
Another GREEN day! Getting interesting.
No word yet from Danos. It wasnt the friendliest of messages. But I do expect a response. Eventually.
Any news on PPTO? Things been silent for a while. There was a mention of something tornado related. Was that just a blanket OK statement or were they truely affected?
HCE is a concern at this point as well.
No production reports have been submitted in either state since March and elconig had indicated that a license or something of theirs was overdue. HCE website has had no operational updates either.
Danos may be tackling the operator side of this business at the moment.
If they are changing operators or something like that, that would hold back him fullfilling what he was promising on the conf. call.
Just speculation on my part.
I see the ask at .0055.
100 shares at .0045 filled at the opening bell to start us off.
Lets see what happens today. News before the 4th of July would be awesome.
Last time we had 5 days of green we popped to nearly 2 cents.
Look at the weekly chart in February. Very similiar trading pattern.
Could be just a coincidence, but I hope Vince puts out some news and this things pops off.
Another green day. Something is brewing here.
Only 5 MM was below .0007 today. Big money flowing in.
Should break the .0013 barrier with this type of input.
Great volume today with most of it at or above .0007.
The dillution volume is slowing down, so MMs are looking for people to sell at .0005 or 6 so they can flip at .0011.
But most shareholders here will not fall for that.
News is on the way!
I emailed Danos today.
Most of today's volume today was at .0007 or higher!
If you can grab the 5 or 6s good luck. But most of the debt holders being paid in shares won't go below 6. Do your DD.
None of this is Retail selling.
Maybe news is around the corner. That was a pretty spontaneous amount of volume. Was that an MM on the buy?
It wants to run, let it go people! This could be back up to a penny quick.
But a R/S with the move to that exchange would not have the same affect as an R/S and staying here.
Completely agree. One should always under-promise and over-deliver. he needs to live up to his words.
I just don't put the dillution on him.
I share everyone's frustration but I'm not sure why Danos is on the hotseat? Danos came in as President and replaced Anthony Maye, not Todd.
Gerard IMO is the "Operating" guy and Todd is still the CEO and is the "Finance Guy".
I put this dillution and the paying off of debt through shares on Todd.
It used to be "In Todd We Trust" - now its more like "In Todd - Disgust"
Who's selling at .004? Jackass!
If it was for big volume I could understand better.
But you take a price at .005 and whack it 20% for $200. WTF?