So far a day without the big block sells below bid, that's nice. I think share price will languish here until real production happens (hopefully in a couple weeks) no need to rush in and buy more shares today, They will likely sit at .0003-.0005 until a catalyst comes along to move it higher and that probably won't be for a week or two. IMO, enjoy your day all!

At least it wasn't a total FLUFF PR and we, the share holders got a few questions asked. Hold on to the phone number for the show folks. If we keep asking questions before the show, like today, then maybe we will finally get straight answers from Floyd. He needs his "feet put to the fire a bit" to get the answers. IMO

I didn't get much time to talk to Bert and condensed a lot into it. Most of which came out in the show but the BIG dilution question really seemed to get kind of glossed over for now. If FS after production happens in earnest decides to shelf, say, 10B shares and not put them up for sale, that would be a big help. Otherwise we always have the dilution issue hanging over the head of this stock share price. Hard to get share price to gain real big traction with that. IMO

Basically FS knew that share price would be under pressure as the debt for shares played out and the balance sheet got cleared up. He is planning PR and televised campaign (whatever that is going to be) to boost share price in the future, sounded soon. The big positive I took away from it is that he seemed to be expecting everything that is happening and is on a path to work through the low spot, now,(share price wise) to get to a much better place soon. That is how it sounded to me anyway. A buying opportunity, you decide but I just grabbed 2M more. IMO

That was an interesting, FS promo, glad a lot of the questions we all had got answered. Looks like June 1st time frame is when the oil will start flowing in earnest. The calls in paid off. I waited on hold, talked to Bert for about 30 sec. got question answered. Feel a little better now about PEII. Hope the production comes through on time. If TX and OK both come on line then, initially we are looking at about 20-25BOD total output to start with by what FS has said now and in the past. Not a bad start. IMO

Don't forget you can call within 15 min. before broadcast with questions for Floyd, just call 347-215-9795 with questions for Bert to ask Floyd.

In case you have questions for Floyd and want to contact the Interviewer on "Money for Lunch" Bert Martinez to get your question put to Floyd, you have to call the following number within 15 minutes of the show starting to put in a question. The number is 347-215-9795.

Not bad if you bought at .0007 or lower, but if you bought above .0008 (and a lot here did) then, yeah that sucks. I'm one of the lucky ones that bought below .0008 mostly so I'll be fine.

Fast forward a few days, FS announces oil production on line and pumping 10-15BOD with promises of more(this is just a scenario not an announcement folks) the stock then at .0002/share jumps to a whopping .0008/share and then immediately sells back down to .0003/share on large stock sells by MM's as 500M shares sell off. And those left will still say, well at least we are selling oil so someday we might make money on our stock. Tell me it couldn't happen.

Yeah, I get that, either way it's 60M, so whatever works for you.

About 167M on the BID @0.0003 and only 11M on ASK @ 0.0004. Maybe this will move back up to .0005 soon.

Several buys totaled 60M bought @ .0004

Yet FS sits there and tells us about wanting to build share holder value; how does that happen under these circumstances. The lower the price goes the more massive the blocks are that are sold at or below bid to get FS and the lenders their money, at our expense.

Hope so, I'll be one of the buyers at that price. Maybe I can pick up 20-30M more.

If it hits Bid .0002 and Ask .0003 here, none of us will likely be able to pick it up at .0002, just not going to happen, even if you put a 100M bid in @ .0002. Again, total manipulation by lenders and special bidders. IMO

It's over 3.1B shares now.

The problem is, this stock is being manipulated and common share holders are not in the loop as to where or what direction it's being manipulated to. Check out the last 5 days in charts and every one had a massive sell at and below bid taking down the days action. I bought a few million more at .0005 and now I'm thinking I should have held out for the .0002's. It will be here soon enough by the looks of things. IMO

Only problem is by then this stock will be at .0001/share the way its being manipulated and none of us will be able to even pick it up then, or may likely want to.

Juan, I missed nothing. I know what FS promised and the should, could, and might happen lines. Heard it time and again. I want to see, as many here do, DELIVERY on meaningful production, period. When that happens, I as many here, will be doing the happy dance. Until then it's all just empty words and in this case, that makes me or anyone else invested in PEII NO money. All I see is every day a new low and massive behind the scenes dilution at lower bids that no one but a select few are able to buy at. This stock is majorly oversold at this point and every time it wants to try to get up and run someone beats it back down with a 20-80M share dump at or below bid. This is ridiculous, and counter productive for all concerned. IMO

Seems to me a lot of people bought into this stock early on with high hopes and unrealistic views as to delivery on product production without checking all the facts as to this companies ability to actually deliver in the time frame it claimed it could. This company (PEII) is running out of excuses and time to start REAL oil production. If it can't deliver more than a trickle of increased production by the end of August then this stock never will produce anything meaningful and will just continue to miss the mark and suck investors dry. It needs to produce more than 8-10 BOD for all the money invested by then or it never will. IMO

Seems like you have some insight into the oil industry and well rework process. What is your opinion on buying into this little stock at these levels then, obviously 10 cents a share was a bad bet but thinking .0005 is good buy in point? IMO

Yep Tod, we are definitely close to the bottom. In fact I'm going to predict this IS the bottom, give or take .0004... Yeah, I know, everybody is a comedian.

Appreciate you experience and insight here Pappy. Nice to have input from someone who has actually talked to Floyd and obviously has experience in the oil industry. What's your gut feeling on when we should see production commence. Just an educated guess, I assume. I'm running out of posts here so may drop off here soon, just wanted to get your input.

Thanks, found my old link too. Still shows no change but probably a time lag from filing to posting on site.

District: 09
Oil Lease No./Gas Well ID No: 09384
Lease Name: PHILLIPS, P. C.
Well Number: 20LT Well Type: Oil
Field Number: 71982666 Field Name: PLUMLEE (TANNEHILL 2ND)
Current Operator Number: 660821 Current Operator Name: PETRON ENERGY, INC.
Operator Status: Delinquent

Think this is the well in question. Shows no change status yet, if it is.

Pappy, I agree with your logic, do we know for a fact that the last well got cleaned up and is compliant though. Is that showing on the TX site, I lost the link or I would check. Anyone want to check that?

Yeah, we are still paying for the old financing and some of the new in the share price hits recently. This stock would and should be considerably higher value then it is now if not for that.

Look, If and I say IF Floyd finally completes something and gets the oil wells pumping and has some real oil and I assume gas sales too, then this will not stay at 0.0005 or less. It will go up, how far is up to wild speculations here. Nothing with PEII goes in the way of reason though so come up with your own numbers. Bottom line is a bunch of us picked up this little stock in hopes that Floyd will follow through this time and REAL production happens. If that happens, it's a big WIN! If not, on to the next gamble.

The facts are there. If you look at the OK and TX well data on the RR site then Floyds name is on the paperwork dating back to 2008 and 2009. Tells me he has been involved in these wells for a while with NO real production. In fact, there was more oil revenue this time last year then there is now, considerably so and that was just after they got $5M in there first financing which did not get used to improve oil production as far as I can tell. Revenue from sale of product is dismal right now, as seen in the last 10Q. Oil production is down, as indicated in all the 10Q reports if you compare them from last year to now.

You only get to go to .0001

There isn't much farther to go from .0005 to zero. Just saying.

Yeah, I understand loss per share too. Seeing lots of that here in my portfolio due to PEII leadership choices. As far as other statements made, easily found if you bother to do DD on the stock, I'm not doing everything for you, figure it out for yourself.

The source is simple math that should be blatantly obvious. If you have 100 shares of 1 dollar stock and and prior to that it was 10,000 shares of a .01 stock that went through a 100:1 reverse split. If both shares move .01 then you make or loose $100 on the .01/share stock and $1 on the $1 stock. The key to making money in the stock market is the NUMBER of shares that you have of any stock NOT the value of the share itself but how much it changes after purchase before resale by the investor. If you haven't figured that out then maybe the crickets can for you.

There is a huge source of profits for PEII from oil here and yet since 2008 Petron and now Petron II has gone after it with little to show for it. It has cost investors big time. It's time for Floyd to show stock holders real results or we all are just throwing away our money here to Floyds benefit and our expense. Its time for RETURNS on investment for share holders other than Floyd. Please, don't even bring up the 100M shares he acquired, he bought those with wages he received from us anyway so we paid for those too. IMO

A reverse stock split is never good for the investor at these levels. Sure you still have the same $$$ value but after the split if the stock moves one or two ticks up you only make 1/10th (if its a 10:1 RS) the amount of money as you would make before the split. The thing that makes (or losses) you the big money with sub-penny stocks is the fact you can get large numbers of shares cheap. It's the number of shares that makes you the money on a high flying cheap stock.

Charts are almost meaningless with this company. This stock is going to fall flat on its face, for how long depends on OIL PRODUCTION. The only real thing that can get this pig to fly is pumping oil and lots of it.

377M shares changed hands today, supposedly good PR comes out and all this stock can do is tank. I vote we tar and feather Floyd!

Obviously Floyd either doesn't care or is inept in adding share value even in the midst of claiming to want to get on the AMEX by years end, he will be lucky if he has a stock on the OTC-pinks at this rate. The ONLY one winning here seems to be Floyd. He apparently bought the 100M shares as a head fake to get people to invest. He still has his 51% no matter what, so he's not loosing much. He has done nothing yet to increase share holder value. Promises of production, when? By the end of this month, then by the end of next month. What's the point of buying shares @ $0.0005 or above if only to see them go to $0.0001.

Maybe you put in a buy order in with insufficient funds.

Don't worry it will get taken soon. Under 9M on the Bid side right now. Might be in the .004's soon. This is just sad, this stock should be trading well north of these values.