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Up 100% whats going on?
Slapping that ask! Lets go PDGO!
Bid climbing. Ask holding steady.
Did you see the PR? PDGO
After securing its next targeted acquisitions, the Company forecasts a substantial increase in revenue.
Did Vince really secure some financing for a real acquisition? His shares will be worth a lot more!
Good for us if real.
By retiring these reserve shares, it will help to decrease any dilution perception and restore shareholder value.”
Paradigm Oil and Gas, Inc. Announces the Retirement of Common Stock to Treasury and Prepares for the OTCBB Exchange
EUSTACE, Texas, June 26, 2013 --Paradigm Oil and Gas, Inc. (OTC PINK: PDGO) (“Paradigm”) today announced that the Company has plans to retire some of its common stock to the Treasury. The decision will allow Paradigm to complete its audits, become a fully reporting company and file to be reinstated with the OTCBB Exchange.
“We have been working alongside our auditors, preparing to move the Company’s securities to start trading on a larger exchange,” said Vince Vellardita, Chairman and CEO of Paradigm Oil & Gas, Inc. “During this process; we found that there were some reserves of common stock that were held for convertible notes, which have recently been paid off. By retiring these reserve shares, it will help to decrease any dilution perception and restore shareholder value.”
Paradigm plans to start trading on the OTCBB Exchange within the next 60 days. After securing its next targeted acquisitions, the Company forecasts a substantial increase in revenue. This will allow Paradigm to move towards its goal of trading on the American Stock Exchange.
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
1-727-595-8101
SOURCE: Paradigm Oil and Gas, Inc.
Source: Accesswire (June 26, 2013 - 9:51 AM EDT)
News by QuoteMedia
What does this PR mean? I click on the link and there is no detail.
When they say "Retirement of Common Stock to Treasury" what affect does that have on current shareholders?
Why move to OTCBB?
New Texas Oil boom predicted 6/25
I stole these links from Luckydog83 who did the DD.
http://online.wsj.com/article/SB10001424127887324069104578529643111801674.html?mod=WSJ_article_forsub#articleTabs%3Dvideo
http://www.bizjournals.com/dallas/blog/morning_call/2013/06/pipelines-will-grease-the-wheels-of.html
If Vince could pull off the pipeline deal we might have a monster!
So much for finishing green for 2nd day. Had a shot of building momentum, and what do the MMs do?...Undercut each other for crumbs.
Hope you choke on those f@%!n crumbs!
$636,000 in Professional and consulting fees?!?!?!
And they are a share printing machine.
I hope this gets a current status on OTC and then they pump it.
Cause I'll be looking for an out.
We will see. I hope so.
Where did you hear this? And you see it as a good thing? I don't know a lot about Verlindetta but he is also the CEO of Seven Arts and is being sued. Not sure how this bodes well for PDGO. Please elaborate.
Although the annual report does not contain anything really positive for the company, being current with OTC may remove the "limited" yield sign, which will be a good thing.
Other than that....crickets.
What was the content in the emails. I had signed up but never onfirmed. I'll do it again.
Guess you guys broke that MM. :(
15 million on the bid @ .0006 and $1 mill on the ask at .0007
Something like that.
I try to keep an eye on the homecreek website as well since they are the operator on most of these wells, at the moment. I'm not sure if that has changed based on Danos.
HCE's website is http://hceoperating.com/
Their most recent information was on the JY1 well.
I'm not sure if the others are worth pumping. So many oil companies (including LHPT and PDGO) claim to be able to resurrect production from old wells based on new technology (like PDGO's centurion). But I haven't really seen the results.
On the other hand Danos calims to have success with Perry "A". So I'm hoping for the best. Production results reported to the Texas RRC is the only way to know for sure.
I disagree. The 6-5 PR tells me there will be more PRs out soon and it will run again. But if its to really run, they will have to show results not just promises.
If they finagle the pipeline somehow, this could rocket.
GLTA
No there are others as well but no recent production:
3 Wells on Perry
JY well, M.M. Cobb, Reasmes/Masterson, (All in Haskel County)
Tuscaloosa Marine Shale
Jones County Tx
North Texas Black Shale
Lucy Lee & Mina Travis (LA)
Drop obviously depends on dillution and shares-for-debt dumping.
But I'm thinking that most of what is out there in the hands of the MMs is not going to dip, based on the last couple of days.
The bid is there, theres 12 million at .0006 but they are not really selling into it.
As soon as the news comes out, the pumpers that are sitting on millions of shares are going to pump this big time. The question is wheather or not it will push through the teens or if it will be shorted to hell. .007 is still a good price.
I'm hoping they release the new website, release production on the wells, and begin to speak about the next set of projects in multiple PRs in a short time period.
If they do that, this could run fast.
Why? Because of the 911 trade?
Is the dillution winding up?
Ask is holding for a change. Even with all that on the ask. Last week those 7s would have been gone.
Hope I didn't jinx it.
Quiet before the storm?
"And all I heard was crickets"
Its pretty thin right now. And the Ask is holding for a change.
Where are the MMs today? On the Bid or Ask?
Thanks for the update. PDGO!
8s gone and only a handfull of 9s! Well the handfull quickly became 3 million...bastards.
9s getting chopped.
Just getting started. Be nice if the MMs would let it go or it will just encourage bid sitters.
I have a stupid question.
When a company releases shares to its agent to dillute do they ever give them a floor not to sell under? or do they just say here is 100 million shares, sell them within this time frame?
So I guess the question is "can they set terms?"
That's what I'm hoping for (and expecting) too. Production!
BTW if his people (web development,accounting firms, employees, and partners like HCE working with him), are anything like the people I have delt with in my past companies...they all over-promise and under-deliver.
Now you're obviously trying to talk this down (like it needs help).
What can i say, good luck grabing your cheap shares.
There will be no RS, he would raise the AS before he does that.
IMO I don't think he will need to. Minimal debt and making progress.
Lets get some news over here. Let this thing take off.
I never knew several = 4. Learn something new everyday.
I'd rather have him in the field than workign on the website.
The website is important, dont get me wrong, but the people that posted most of those 100 posts yesterday have no patience and unrealistic expecations.
Case in point - it doesn't fall on the president who arrives in April to have financials completed by May 15. We are lucky he got them done as fast as he did.
And for dillution if you need to blame someone, its Todd. But it shouldn't surprise you - he's been telling you since November.
Danos is there to operationally run this company. And bringing another well online in short time was success.
GLTYA
The signs remain for a positive 2013. Can't focus short term on your old purchases.
Right now volume is good. Big jumps wont be made until solid news comes out which is coming. Oil production reports, wells coming on...etc.
For now they will continue to dillute, which is ok in my book, because that is the only way wells will be brought online.
MMs and a lot of investors for now will play between .0007 - .0013 it looks like. Might even dip lower, but that doesn't change the long term.
For now play the dips, and bank those other shares for the day the 10X run happens. Because it will. IMO
LOL I bought 2 years too early!
I'd probably own the company if I had bought it all now!
But I have quite a few shares after averaging down a few times. So I hope it goes North!
Not at all. Always trying to find current info. that is relevant.
Lots of potential here. Go LHPT!
LHPT is playing the right areas.
Fervor grows for Tuscaloosa Marine Shale
by Ted Carter
Published: May 17,2013
http://msbusiness.com/blog/2013/05/17/fervor-grows-for-tuscaloosa-marine-shale/
Next on the US Shale Scene? Try Tuscaloosa
By Editorial Dept | Fri, 07 June 2013 22:02
It’s not a household name yet—and it’s a bit of a mouthful—but the 2.7 million-acre Tuscaloosa Marine Shale (TMS) in Southeast Louisiana and Southwest Mississippi is shaping up to be another prime play to add to the US unconventional roster, even though it’s still early days.
http://oilprice.com/Energy/Crude-Oil/Next-on-the-US-Shale-Scene-Try-Tuscaloosa.html
Absolutely. If production was already in the hundreds / day you woudln't get this at this price.
Bargain of 2013 right now!