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WARNING! "Our OTC Stock, PEII
Outstanding Shares as of 7/03/2014
10,494,978,957" According to PEII's own web site. What happened to the 8-K statement of 9,212,700,517 as of 7/3/2014 and how did PEII sell another 1,282,278,440 shares on the SAME day as the reverse split??? Something here smells and it's not a pleasant smell! Supposedly there are 18,425,401 shares OS after the 500:1 reverse split. What the Fu*k! The difference adds another 2,564,557 shares to the 18,425,401 to make a total of 20,989,958 if the additional 1.2+ Billion shares got reverse split too OR DID THEY??? Again, WTF! Hell, even as of 06/28/2014 = 9,832,450,817 shares O/S according to the web site which was over the amount stated in the 7/3/2014 8-K???
Yeah, That about sums it up. I hope we all get showered in magic beans soon with dollar signs on them. Since I've already taken a bath in this stock a shower might be a nice change of pace. Happy 4th of July all!!!! Don't launch fireworks near all those pumping oil wells to celebrate the 4th Floyd, we wouldn't want all our investments to go up in smoke... BTW, .05-.10 is the same as .0001-.0002 pre split, just saying...
Do not ASSUME anything. The R/S effects ISSUED (O/S) shares and FS may still have the remainder of the the 25 Billion A/S available to him unless another 8-K is filed with the SEC to spell that out I would assume nothing at this point. I sent an e-mail to FS addressing that concern (thru their website) and I suggest all concerned do as well. That is a MAJOR concern going forward with this stock.
That means we are up to the equivalent of .0002, Whoopie! Yeah, it will fall! Just keep watching... it will be at .01 soon enough. ANYONE thinking of buying right now, DON'T until this settles out into a range (sometime next week maybe) or you will loose even more money. I love it, it shows PEIID UP 55900%, quick take a picture. Only time you will ever see that. Oh, Damn it went away, now only up 66.67%...lol, IMO
Yeah but if there are still 25 BILLION A/S out there we are all screwed and this is just gonna get diluted to nothing! All FS did is reset the dilution clock right now so he can sell shares again for more money and do the wash-rinse-repeat cycle. UNTIL those 25 BILLION are reduced by a lot, this will just go into a death spiral. BTW, PEIID not trading on TDAmeritrade.
PEII better pump oil and gas like crazy now, if it doesn't its dead. NO one with any brains will invest in this if production is not significant from here forward. You would be an absolute fool to believe in a guy that just raped you and says sorry but can I do it again please...
Good luck with that. I wouldn't advise anyone to touch this stock with a ten foot pole until the A/S question is answered or you will just be putting your money in a shredder! This stock is TOXIC right now until the dust clears and all the SEC filings are done. IMO
From our best friend in the whole world Floyd Smith of course! Yeah, there was sarcasm there.
The O/S were reverse split but the A/S were not yet and that is the BIG 500LB. GORILLA IN THE ROOM ready to bend us over again!
Yeah, we will need it. I'd wait till the smoke clears before buying even one more share of PEII or PEIID otherwise it will smack you in the face again. Enjoy your July 4th weekend folks, tune in Monday for more PEII or PEIID adventure...
He will and he will try to put some positive spin on it like it was good for PEII and therefore good for shareholders due to it being caught in the one-tick-flip zone....blah,blah,blah,blah. Which translates into Fu*k the common shareholders this is all about FS's needs. If he keeps the AS at 25 Billion, we are all SCREWED! IMO
Exactly. Not even gonna be worth watching today. I dumped most of my shares at .0001 at close yesterday to save what little value I had because now the value of the investment can even go lower than .0001. Basically this will open at .05 and if it goes above that great but if it goes south on us, below .05 (PEIID) then we are under .0001 (PEII). It will only trade as PEIID for a few days and will revert back to PEII ticker soon.
Tom, PEIID will do fine, It's common share holders like me that just got bent over and rammed hard you know where. It will take quite a while to recover the cash lost due to this R/S.
Omne, I am in same boat. It's identified as ticker symbol 71674W303, which is not a valid symbol for trading. It SHOULD go to PEIID by trading open or can't trade until it does.
Only if FS puts that in the R/S statement because those shares have not been issued yet so I doubt it unless another 8-K is issued reversing the 8-K put out on 6/20/2014. That would mean FS gives a crap about the present share holders, he clearly cares about only ONE thing, lining his pockets and if share holders are lucky enough to make some money at the same time then bonus for us. He could care less, it's all about PEIID. IMO
The problem now is BEFORE if it moved one tick from .0001 to .0002 you doubled your money. Now it has to move 500 ticks to do that, .05 to .10 and so on. Not hard to do IF the total A/S wasn't still 25 BILLION!!!! Now PEIID will only have around 20 Million OS to start diluting the hell out of. The R/S better come with a reduction of A/S clause or this will fall flat on its face HARD no matter how much oil they are pumping, we will just wind up back at .0001 again in under a year IF A/S isn't reduced DRASTICALLY!!!. IMO
We have all seen that PEII (now PEIID) has not behaved like many OTC stocks. It is possible that PEIID can survive as a company and even thrive depending on oil sales BUT, it has done it so far at investors and shareholders expense. Floyd better have a pretty big carrot on a stick if he wants to attract investors back into this now. He has destroyed many investors here share value and some in the multiple thousands of dollars range. We are the stepping stones for FS to get his company up and running; promising shareholder value and delivering bullsh*t instead. Will FS succeed in bringing in the wells and get to cash flow positive some day, I think, absolutely YES; "BUT" at our expense instead of benefit. I feel sad for guys like OMNE, I think he just took a beating here financially.
He has no choice to make it good OR this is going to go from .05/share down to .01 or lower quick! The one thing in our favor is NITE and other big players who invested multiple thousands of dollars and were sitting on over 2 Billion shares are crapping themselves and will do whatever to manipulate this stock higher so as to NOT take a loss on all those thousands invested. Either that or they dump everything at .0001 before split takes effect but think too late for that. IMO
Well this isn't the order I expected but definitely expected the R/S soon. Well NITE, CSTI, CDEL and other big players here better hope those production numbers come in great now. This will be trading as PEIID on Monday after the 500:1 R/S. Damn, this sucks, but I dumped half my position just before close @ .0001/share. If the numbers are great, I might regret that but I already regret investing in PEII to the tune of $12K. Getting hit with big storms here in NY, what a light show! There goes the electric again! Later!
There are LOTS of information out there on the Texas RRC website and others, you need to do your own DD about this. I went through lots of sites and gleaned bits and pieces from them, put them together and a particular picture came to my mind of PEII actually DOING what they say they are. Most here don't believe FS is putting much effort into actual production but I believe he is doing exactly what he needs to do to get production flowing and growing. He has to do it on a shoe string budget at this point but it's moving forward. The big failing is the SHARE price, not just for investors but for FS. He, I believe, was expecting PEII stock prices to have stabilized well above where we are at now and grossly screwed up on that one. I, if I were FS would do what I could to get money for day to day expenses and production costs. Selling shares is his only recourse until substantial oil flows and revenue starts rolling in from that or other services that are offered for income. All IMO.
Something is brewing, I think we are in for the FIRST positive surprise out of PEII in a long while (very soon), after MANY disappointments. Just a gut feeling based on some facts I dug up last night on the internet doing some DD about oil wells and oil industry facts in general, past well production, etc. I'm usually a pessimist about this stuff but "IF" FS is doing what I think he is doing with PEII investments then this will turn and run quickly, just hope he is doing what I would in his position. All my opinion, so don't shoot me if wrong, just don't think I'm wrong this time.
Wish I did. I know they buy and sell on multiple OTC stocks and apparently this is their game. They find a OTC stock they can run a "one-tick-flip" on and they do it to it.
I think that, at least initially, that 10BOD is going to be more like 20-30BOD. Those wells have been shut in for a while now for the most part, pressure builds up in a well that was taken out of service for years (as these wells have) and that helps give an initial boost in production. FS eluded to that in the radio broadcast too. IMO
If FS is tied in with NITE or CSTI then they are buying shares back secretly and reselling them for more now and as this moves up. Like I said before NITE and CSTI are totally manipulating this stock. I don't know who those entities are but they are the reason this stock is stuck here. They are buying boat loads of shares up at .0001 as they come available from FS or others and then reselling some of what they buy for .0002 with a 100% profit ; the rest they are sitting on it seems, waiting for this to go up and then sell more, making even more money. IMO
I love this BS, NITE sits there with 350+M on the BID @ .0001 and 350+M on the ASK @.0002 . This stock won't go up until NITE and CSTI are done with the one-tick-flip. They are the only ones making money here right now, for now. NITE is probably sitting on 2+B shares right now. IMO
Initial production results from Texas oil wells should be compiled 48-72 hours after wells start pumping. Wells started pumping on Monday according to FS so I'm looking for either Thursday or Monday for a PR about initial production numbers from there. That's basically what I can remember from the radio show broadcast.
Hope you money doesn't go "Up in Smoke"...lol
Hope "Floydwinkle" pulls oil out of the ground and lots of it! If not Floydwinkle needs to go back to "Whats a Matta U" and get his oil drilling degree...lol
I'd be surprised if we didn't. FS said two days to get flow rate and then he will turn in results to Texas RRC and they will likely post them on their site. I'm sure anything good will won't be held back. I expect by next Monday or Tuesday at the latest if not Thursday.
I gotta tell ya though, I do think PEII has the POTENTIAL to do some significant long term production IF they get their act together, Time will tell... Either way I'm in too deep to bail anytime soon. Good luck to us all and GO PEII! Go team! lol...
I have this feeling that we are in for a few surprises here with PEII, some good, some not so much. First the good will come and then just as we are starting to feel good about this stock again something will come along that will kick it down again; how far, who knows. The initial production numbers, I think are going to surprise us POSITIVELY with a greater production than expected out of the Texas wells this week. I think Snider/Simmons will come on line shortly and surprise as well, POSITIVELY. These two things, IMO , should drive the share price up a substantial amount EVEN with NITE and others "one tick flipping" this stock because I think a large PR and pump campaign will come right in between the two POSITIVE events, if and I say IF FS has any idea how to handle his business. Just don't forget somewhere after the POSITIVE events that NEGATIVE event will happen. Maybe a R/S, maybe something else, just don't get to complacent with PEII after the good news euphoria wears off. All IMO.
I think you could beat Bert with a stick and he would still say "I love it, I Love it!"... obviously not a share holder or he would be a masochist at this point... lol
People here need to look at WHO really is manipulating this stock and keeping it at these levels, NITE (whoever this is) is the big dog manipulating this stock and holding it down at these levels for its one-tick-flip game with 235M bid @.0001 and at the same time a sell order at the ASK of 349M shares at .0002 says it all. It's all about a 100% profit on these shares they are flipping. Works great as long as they have people to sell to, otherwise they get stuck with a crap load of shares they can't sell and take a hit. So, as long as they can sell at .0002 this stock will flip-flop all day between their BUYS of .0001 and their SELLS @ .0002. IMO
Highly doubt ZERO bid is coming for this stock any time soon, if at all. The only possibility for zero bid is if NITE,CSTI and ADTF all pull their .0001 BIDS for their "one-tick-flip" manipulation of this stock. They are buying mass amounts at .0001 and selling at .0002's. Depending if and why the manipulation stops, this stock will either go up appreciably or go to zero bid because the only way I see the one-tick-flip game stopping here is a major production breakout. Until then this won't even see a .0003 any time soon unless NITE lets it get there. IMO
If NITE, CSTI and CDEL would stop with the one tick flip games on PEII then this stock would actually move on good news but as long as they sit here playing their games we regular share holders are stuck where they are keeping us. IMO
A RS is highly unlikely until AFTER Snyder/Simmons comes in and whatever production numbers come in to get this stock price to rise from where it is naturally, if you will, so he can minimize the RS impact to the stock. That works in PEII's favor to keep the RS ratio as little as possible and yet gain the .01 or above goal. IMO
The big shot in the arm for PEII will be the Snyder/Simmons coming on line and its production numbers. However, I think we are going to see more like 25-30 BOD out of Texas initially, then pressure will drop back to more like 10 BOD after some time until stimulation well shot in and pressurization commences. IMO
I read in past posts it was $25K in oil NOT 25K BO. Don't believe all you read here.
Basically, within 48-72 hours should know production rates out of Texas. Wells turning on tomorrow there, then they have to leak check, etc. Snyder/Simmons is coming on line soon but not quit there yet. The rest was how they are going to work hard to add share holder value, blah, blah, blah...
That will give them about $350K/year income so they need the Snyder/Simmons lease to come in big time or this will have a hard time sustaining itself. IMO