Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
PEIID back on OTCQB http://www.otcmarkets.com/stock/PEIID/quote
Should an investor in PEIID preserve capital and sell, or stay invested and watch the share price continue to plunge downward?
If you think PEIID is a good long term trade, then remember to average down.
those are questions not facts.
Oncologix (OCLG) Plans Expansion; Letter of Intent (LOI) Executed with Medical Product Company
ALEXANDRIA, LA / ACCESSWIRE / July 24, 2014 / Oncologix Tech Inc. (OCLG), a fully reporting, diversified medical holding company with operating businesses units in medical device, healthcare services and medical products and technologies, has executed a Letter of Intent (LOI) to acquire a speciality medical products company.
"This acquisition would be our first step in growing our Medical Products Division and would establish a national footprint of product distribution and brings numerous strategic advantages that will support our three primary distribution strategies including licensed Medicare businesses, wholesale/commercial distribution, and Government agencies" said Harold Halman, President/COO.
Mr. Halman added "our Division’s strategy is to create vertical approaches of market penetration to both the patients at home and the institutional healthcare industry with a full line of integrated solutions. Our continued acquisition/expansion strategy is to acquire company’s already positioned with strong product brands, market reach and identified with strong distribution centers located within large demographic, MSA areas."
About Oncologix Tech
Petron not such and easy Short Sale target.
1)Much smaller float can catch shorts in a very bad squeeze.
2)Dilution on hold regarding S-1 until they get listed on higher exchange.
3) CEO states production progress should be reported on soon.
may be helping to relieve downward pressure?
short sellers, much like bullies, tend to look for easiest targets.
Now. as always, barrels of oil per day increase will drive price per share.
my opinion
PEII Shares Outstanding 6,213,868 a/o Jul 03, 2014
http://www.otcmarkets.com/stock/PEIID/profile
TXHE up over 600% today
How else do companies on the OTCBB and Pinksheets raise money? As long as they generate news and cut smart deals, that is why companies go public. To raise capital by selling their stock.
Texhoma Energy, Inc. Signs Letter of Intent to raise up to $5 million in Growth Capital from Southridge Partners II, LP
PR Newswire Texhoma Energy, Inc.
SPRING, Texas, July 1, 2014 /PRNewswire/ -- Texhoma Energy Inc. ("Texhoma") (OTC Pink: TXHE) announced that it has signed a letter of intent (LOI) with Southridge Partners II, LP, ("Southridge"), an institutional investor, outlining terms for an equity purchase agreement (EPA) in the amount of $5 million, which if funded, will create significant growth capital to Texhoma.
Under terms of the LOI, upon execution of the EPA, and subject to certain closing conditions (including those described below), Texhoma will have the right, not the obligation to sell, from time to time, up to $5 million of its common stock to Southridge at a discount to the then trading price of its common stock, under terms deemed favorable by management, by submitting a Draw Down Notice in an amount that the company determines.
Prior, Texhoma will need to have obtained effectiveness of a Form S-1 registration statement with the SEC, which process it plans to initiate in 2014, funding permitting.
"We are pleased to be partnering with Southridge, an institutional investor with a long, reliable history of providing capital to the small cap space. We believe that the terms of this agreement are favorable to our shareholders and provide Texhoma with the best opportunity to execute its business plan and deliver long-term shareholder value and are thankful for the confidence Southridge has shown in Texhoma," commented Gilbert Steedley, CEO of Texhoma.
"Texhoma Energy, Inc., with its recent collaboration agreements and its progress in improving its debt to asset ratio, provided us with the confidence necessary to commit to provide growth capital. We are excited to partner with Texhoma and its seasoned management as they execute their strategy," commented Stephen Hicks, Principal and CEO of Southridge.
The closing of the transactions is subject to the parties entering into definitive agreements, Texhoma becoming a fully-reporting company and filing a registration statement to register the shares issuable in connection with the EPA, among other things, the timing and final terms and conditions of which are currently uncertain and may not be completed.
About Southridge
Southridge is a diversified financial holdings company that specializes in funding and advising small cap and growth companies in the public markets. Since 1996, the structured finance team at Southridge has made direct investments of over $1.75 Billion in over 300 companies globally. Southridge advises small public companies on a wide variety of corporate issues from the process of becoming a public company, to individualized financing techniques, to optimized balance sheet management. For further information about Southridge, visit www.southridge.com.
About Texhoma Energy, Inc.
Texhoma is engaged in the acquisition, exploration and production of oil and natural gas. The company seeks to replenish its oil/gas holdings in accordance with its oil/gas tradition as well as other non-oil/gas opportunities as they arise. For further information about Texhoma, visit www.texhomaenergy.com.
Contact information
Texhoma Energy, Inc.
24624 I-45 North, Suite 200
Spring, TX 77386
Phone: 281 719 1995
Email: contact@texhomaenergy.com
This press release may contain forward-looking statements, including information about management's view of Texhoma's future expectations, plans and prospects. When used in the preceding discussion, the words "believes," "expects," "intends," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release, including those regarding the LOI/EPA, Texhoma's plans to become fully-reporting, file a registration statement and raise funds pursuant to the LOI/EPA, other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of Texhoma, its divisions and concepts to be materially different than those expressed or implied in such statements. The forward-looking statements included in this press release are made only as of the date hereof. Texhoma cannot guarantee future results, levels of activity, performance or achievements. Do not place undue reliance on these forward-looking statements. Texhoma undertakes no obligation to update these statements, except as required by law, and takes no obligation to update or correct information prepared by third parties that are not paid for by Texhoma
Stock splits go through FINRA and are reviewed first and then Broker dealers and Market Makers are notified at the same time the company and investors are notified regarding a stock split forward or backward and that is when they are issued an effective date.
PEII is not under a "DTC Chill" Scottrade decided to place a restriction on buying. They are the only brokerage who has made an in house decision to do this. I suggest you call them up and ask why. I have heard people stating this for a while. It may be due to the fact that PEII is not DWAC eligible and may cost them a little bit more money to send certificates. Poor decision and they will lose business in my opinion. I had trouble buying 2 other stocks for the same reason with them and went to ETRADE.
WNBD Average Vol (3m)2,636,925 Today over 35 mil
I agree with you, Winning Brands is still going strong and the stock still trades with tons of volume. good point.
"The Mississippi pay zone has proven to be a very prolific oil producing zone in the area, vertical completions on area wells have realized initial production rates of 30 -- 100 barrels of oil per day.
TNEN expanding opportunities to more than just oil and gas. Good sign for investors.
IMO
2 real solid days of Volume on TXHE !
Petron Energy II, Inc. Signs Acquisition Agreement to Purchase Garrett Lease in Creek County, OK
Petron II announces Garrett Lease purchase
GlobeNewswire Petron Energy II, Inc.
LINK>>> http://finance.yahoo.com/news/petron-energy-ii-inc-signs-130236901.html
DALLAS, Texas, June 12, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Petron Energy II, Inc. ("Petron II" or the "Company") (PEII) Petron Energy II signs Acquisition Agreement to purchase Garrett Lease in Creek County, Ok.
Petron Energy II, Inc., together with its subsidiaries, engages in the acquisition and development of properties for the production of crude oil and natural gas, the transportation of natural gas through its pipeline subsidiary and well servicing through its servicing subsidiary. The Company's operations are based in the United States.
Floyd Smith, President and CEO of Petron Energy II, Inc., states "On June 2, 2014 we signed an acquisition agreement and tendered the initial down payment with Mr. Bill Sperling to purchase the Garrett Lease which has existing wells. One of the key wells we intend to attempt a recompletion is the Garrett #3; the Garrett #3 well has a well developed Mississippi pay zone which we will test for commercial production. Our geologist and a third party petroleum engineer have reviewed the Garrett #3 logs and found them to have all of the key components for oil based on their log analysis and to be very comparable to some of the better producing Mississippi wells which offset our lease." Smith goes on to say, "The Mississippi pay zone has proven to be a very prolific oil producing zone in the area, vertical completions on area wells have realized initial production rates of 30 -- 100 barrels of oil per day.
The company is scheduled to test the Garrett #3 well after the completion of the Snyder/Simon lease project which will be completed during the month of June 2014. The company will report results for both projects as soon as they are available."
About Petron Energy II, Inc.:
Petron Energy II, Inc. is a Dallas-based, oil and gas exploration and production company. For further information about the Company, please visit our website http://www.petronenergyii.com.
True North Energy Expands Opportunity Pool
PR Newswire True North Energy Corp.
9 hours ago
SPRING, Texas, June 10, 2014 /PRNewswire/ -- True North Energy Corp. ("True North") (OTC Pink: TNEN) is pleased to announce that it plans to segregate its existing overriding royalty interests (ORRIs) in the Cook Inlet and Beaufort Sea areas of Alaska and northwest Colorado, into a new subsidiary and plans to pursue additional acquisitions, funding permitting. In addition, the company has established a wholly-owned Hong Kong subsidiary, Marco Capital Limited. Headquartered in Hong Kong, Marco Capital Limited is planned to explore emerging market, including China, opportunities in various industries. CEO Gilbert Steedley states, "This investment diversification is in the best interest of the shareholders as it exposes the company to a wide range of opportunities. We feel very confident these strategic moves and continuation of our business plan, funding permitting, will allow us to increase shareholder value."
About True North Energy Corporation
Traditionally, True North Energy Corporation has been engaged in the identification, acquisition and development of oil and gas properties and holds overriding royalty interests on properties located in Alaska and Colorado. True North is headquartered in Spring, Texas with a wholly-owned Hong Kong subsidiary. For further information about True North, please visit www.tnencorp.com
Texhoma Energy, Inc. launches new company website and gives updated status on the company and its current financial filing status.
PR Newswire Texhoma Energy, Inc.
SPRING, Texas, June 10, 2014 /PRNewswire/ -- Texhoma Energy, Inc. (TXHE) ("Texhoma") announced that it is listed as current on the OTC Pink Market and has filed OTC Pink initial disclosures as well as its unaudited quarterly financial statements for the six months ended March 31, 2014; three months ended December 31, 2013 as well as its unaudited financial statements for the years ended September 30, 2013 and September 30, 2012.
Since January 2009 Gilbert Steedley has served as the sole Director, Chief Executive Officer, Principal Financial Officer, Secretary and Treasurer of the company. Mr. Steedley is majority shareholder of the company and holds voting control over the company.
Keep up to date on Texhoma's activities at the company's revitalized website, www.texhomaenergy.com.
About Texhoma Energy, Inc.
Texhoma Energy, Inc. has engaged in the acquisition, exploration and production of crude oil and natural gas. The company's primary focus has been on south Louisiana and east Texas, including near-shore Gulf of Mexico. With the sale of its Louisiana properties, the company seeks to replenish its oil and gas holdings in accordance with its oil and gas tradition as well as other non oil and gas opportunities as they arise. For further information about Texhoma, please visit www.texhomaenergy.com
Contact information
Texhoma Energy, Inc.
24624 I-45 North, Suite 200
Spring, TX 77386
Phone: 281 719 1995
Email: contact@texhomaenergy.com
BIG VOLUME TNEN today !!
This inst commercial construction is it? Maybe thats why your information is so incorrect, PEII is an oil and gas company not commercial construction.
as previously stated
Bakken was an LOI. They don't all work out by definition.
Investopedia explains 'Letter of Intent - LOI'
1. Letters of intent are used during the merger and acquisitions process to outlines a firm's plan to buy/take over another company. For example, the letter of intent will disclose the specific terms of the transaction (whether it is a cash or stock deal).
Plan Definition
dictionary.search.yahoo.com
n. noun
A scheme, program, or method worked out beforehand for the accomplishment of an objective.
a plan of attack.
A proposed or tentative project or course of action.
had no plans for the evening.
A systematic arrangement of elements or important parts; a configuration or outline
Definiton of INTENT
1in·tent noun \in-'tent\
: the thing that you plan to do or achieve : an aim or purpose
Full Definition of INTENT
1
a : the act or fact of intending : purpose; especially : the design or purpose to commit a wrongful or criminal act <admitted wounding him with intent>
b : the state of mind with which an act is done : volition
2
: a usually clearly formulated or planned intention : aim <the director's intent>
DO PLANS ALWAYS WORK OUT ?
absolutely ridiculous. show me a publicly traded oil company on OTCBB or pinksheets that has that and show me the filing.
CEO bought back shares with his personal money. It was disclosed.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9965908
your argument holds no water.
Waste of time trying to educate. PEII will operate according to what the CEO and its board think is best for the company long term. Just block the individual you are referring to. non stop nonsense.
Since you keep making the same statement i ll provide the same information
Bakken was an LOI. They don't all work out by definition.
Investopedia explains 'Letter of Intent - LOI'
1. Letters of intent are used during the merger and acquisitions process to outlines a firm's plan to buy/take over another company. For example, the letter of intent will disclose the specific terms of the transaction (whether it is a cash or stock deal).
Plan Definition
dictionary.search.yahoo.com
n. noun
A scheme, program, or method worked out beforehand for the accomplishment of an objective.
a plan of attack.
A proposed or tentative project or course of action.
had no plans for the evening.
A systematic arrangement of elements or important parts; a configuration or outline
DO PLANS ALWAYS WORK OUT ?
you are the one who keeps asking for them to maximize the wells which is totally off base with low output low risk wells.
It is right up top of the message board by the news.
PEII is a secondary recovery oil company. PERIOD. That is their core business.
This is from their mission statement. How much clearer do they need to be?
The mission of Petron Energy II, Inc. (PE II)
…is to create an asset base consisting of oil and gas properties in low risk areas with years of proven production history. The company will increase the value of its assets through acquisitions, drilling operations and reworking existing wells. We will concentrate our development efforts in Oklahoma and Texas where we presently have 5,000 acres under lease. These contain 93 existing wells which will require rework operations to attempt reestablishing commercial production.
LINK>>> http://petronenergyii.com/mission-statement/
LMFAO. funny.
PEII recently submitted another S-1. It is very likely that since the SEC just went over PEII with a fine tooth comb and PEII is submitting the same financials, that the new S-1 will be approved much faster than last time. Sometimes the second S-1 is approved within a few weeks. So keep an eye on the filings for "EFFECT" and you will have your answer if the new registration for more shares goes through.
should be easy enough to do.
MAX capacity? you are so off base in what PEII does and what you are looking for in production from PEII wells.
it must have been posted dozens of time.
PEII is low production low risk secondary recovery.
max capacity in some wells may be 3 BOD. it will NEVER be more.
For anyone to not get that is to be totally clueless about what PEII is or does.
Bakken was an LOI. They don't all work out by definition.
Investopedia explains 'Letter of Intent - LOI'
1. Letters of intent are used during the merger and acquisitions process to outlines a firm's plan to buy/take over another company. For example, the letter of intent will disclose the specific terms of the transaction (whether it is a cash or stock deal).
Plan Definition
dictionary.search.yahoo.com
n. noun
A scheme, program, or method worked out beforehand for the accomplishment of an objective.
a plan of attack.
A proposed or tentative project or course of action.
had no plans for the evening.
A systematic arrangement of elements or important parts; a configuration or outline
DO PLANS ALWAYS WORK OUT ?
lol. no, put then under your pillow and let them seep into your brain as you sleep.
That is exactly what the filings are for. Every financial transaction PEII has done in detail for ALL to read and do THEIR OWN due diligence.
I think i just did
Sorry the terms are they can pay it back in cash or stock. read the filings.
TXHE spread tightening .01 by .015
Maybe you should have considered all of this BEFORE you invested in PEII not after. PEII is a pennystock. they are TRYING to build up production. THAT IS WHY THE STOCK IS SO CHEAP.
you want a sure thing (closest you will get is NYSE) and not even then.
Maybe if you post about it ten more times PEII will do a share buyback program.
The CEO already bought stock and it was disclosed.
Oncologix Posts Solid Revenue Growth and Continued Financial Improvements
ALEXANDRIA, LA--(Marketwired - Apr 21, 2014) - Oncologix Tech Inc. (OTCQB: OCLG), a medical device and healthcare service holding company announced today its Second Quarter and YTD Fiscal 2014 results.
Wayne Erwin, CEO of Oncologix, stated, "Our progress and hard work are evidenced by the company's fiscal year 2014 second quarter and year-to-date financial results. Revenues during the periods were $983,758 and $1,708,391, respectively. When compared to the company posting zero revenues for the comparable periods in fiscal 2013, we think it's an important milestone that revenues are continuing to build for the year. Also, during the six months ending February 28, 2014, the company repaid over $400,000 of debt. It's evident from these results that we are executing our two-prong strategy that focuses on acquisitions and debt reduction; both of which have significantly enhanced Oncologix's market value. Other key indicators of our six month February 28, 2014 financials are:
Mid-Year 2014 Key Company Activities:
Revenues for the three and six months were $983,758 and $1,708,391, respectively.
Acquired Amian Health Services -- adding $1,000,000 in annual revenues
Executed a $4,000,000 line of credit facility with $300,000,000 TCA Global Fund to augment our acquisition strategy
Repaid over $400,000 in debt
Reduced annualized rents by $50,000
Reduced non-essential FTE employees by $148,000 per year
Began new product development for Dotolo Research Toxygen-II hardware system
Relocated Dotolo Research Corporation manufacturing facilities to Tempe, AZ
Increased our authorized stock to 750mm shares
Erwin also noted, "To continue our mid-year success, we'll execute further our acquisition strategy. We are currently in due diligence with two additional healthcare service companies with revenues exceeding $5,000,000 and generating $800,000 in annualized earnings. Overall, our company objective is to reach $10,000,000 in annualized revenues by fiscal year end. We believe that our stock price is currently undervalued and the debt reduction effort and strategic acquisitions will increase our stock values in the near term."
Oncologix operates and manufactures Class II medical device products and delivers Personal Healthcare Services nationally. For its clients, Oncologix provides FDA approved medical devices and State licensed healthcare services. For its shareholders, Oncologix operates profitable business divisions that build, maintain and nourish shareholder value. The Company's corporate mission is to be the best small cap medical device and healthcare services holding company in North America.
Forward Looking Statement
This press release may contain forward-looking statements, made in reliance upon Section 21D of the Exchange Act of 1934, which involve known and unknown risks, uncertainties or other factors that could cause actual results to differ materially from the results, performance, or expectations implied by these forward-looking statements. The Company's expectations, among other things, are dependent upon economic conditions, continued demand for its products, the availability of raw materials, retention of its key management and operating personnel, its ability to operate its subsidiary companies effectively, need for and availability of more capital as well as other uncontrollable or unknown factors which are more fully disclosed in the Company's filings with the Securities and Exchange Commission.
CONTACT INFORMATION
Wayne Erwin
Chairman and CEO
Email Contact
(318) 451-9543