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.
I don't think it's Floyd directly doing it. I think its all the shares used to finance the company that have been traded to the finance companies, they have to sell a certain amount under terms of agreement. Still, not a pretty picture. IMO
Ahh, another 16M sold @ $0.0005.
Hard to can a CEO that owns 51% control of a company. He's calling the shots, shareholders are along for the ride here. The 2nd quarter won't be stellar at all. PEII is spending more than generating revenue, If production actually does come on line as said by Floyd, then, depending on when it comes on line, we will see an earnings improvement; 2nd quarter doubtful, 3rd quarter likely. IMO.
Apparently if they are diluting, then they are selling shares and someone is scarfing them up cheap. That makes me wonder what else is at play here. If everyone knew, and most of us do, that dilution is happening and that brings share price down; then who are the ones buying up those millions of shares here? Apparently there is a large purchaser or purchasers that must see some value in this stock and is loading up cheap. Otherwise the bid side would dry up, no one would want it. Bid side has been between 20-120M for some time now. Some one wants this stock cheap and lots of it. IMO
120M shares already bought/sold today. That's a lot for this stock, this early in the morning.
Someone on here asked where the rumor came from, that's why I posted it. Hey, who knows PEII might actually sell some oil to EXXON at some point, when it actually has some oil pumping to sell, which should be any day now, right?
Swim, unless PEII starts spewing out oil at a rate of 50-100BOD really soon, then the reverse split (at some point) is a given, just a matter of when but doubt it will be happening any time real soon. Again, it's ALL about production and not worthless update PR's by Floyd about when it should be producing oil. They need to start PRODUCING already!
Yeah, people can say anything, facts would be nice, that's why I posted the content for review of all concerned. Seems a bit far fetched to me as well.
Yeah, that might be a bit unrealistic. More likely the 3rd quarter based on we are well into the second quarter and still have a trickle coming out of the oil faucet and they need 100BOD to be profitable.
"Moving UP_Petron Energy II Inc. (PEII) New Joint Venture With Exxon Following Recent $10M line of Credit Approval Predicts Sierra World Equity Review. Latest Projections: Moving UP_Petron Energy II Inc. (PEII) New Joint Venture With Exxon Following Recent $10M line of Credit Approval Predicts Sierra World Equity Review. When the Exxon news release comes, Remember Sierra told you about it first!
Monday May 12th 2014"
Don't know how they have this insight as to this actually happening but admittedly, this could be very big indeed and IF it happens this WON"T be a $0.0007 stock, that's for sure.
If those are oil production feelings then lets hope you are right.
Clicking on the Petron II website delivers the following message.
Petron Energy II
New & Improved site will be here shortly.
Thank you for your patience!
(C) 2014, Petron Energy II.
Apparently the website is getting a face lift. Tune in next week for more I guess....
Every time Floyd draws down on the financing agreement we will get dumped on shortly there after by shares being sold at nearly any price because the financiers are getting the shares at a 30% discount. Gaining shareholder value happens only one way with PEII, sell oil and lots of it. Production, production and more production or bust.
There sorta is a reason for the heavy dumping, in the financial agreements Floyd made with the financial institutions that lent money to him, it is a stipulation that the financiers only retain a maximum of (if I remember right) 4-4.9% of shares they receive and must sell the rest within a certain time frame. I need to go look up the specifics but believe it was in the S-1 filing. That is what I think we are seeing here, them dumping what they can't keep.
Someone sold/bought a chunk of 58M shares @.0006...
swim, it's still money he could have kept in his pocket, no matter what the source. He chose to take it out of his pocket and instead of buying a new car or boat, instead, bought 100M shares in his own company at $.0012/share. The only reason for anyone to do that is if they can make more money where he put it, not loose it. If he wanted to loose it, he would have bought the boat.
I think you are going to see Floyd buying another large chunk of shares BEFORE the price rises appreciably, maybe another 50M block. He knows the value he has and production he is capable of getting out of the oil leases.
If this stock didn't fall to the OTC PINK's and was still in the OTC-QB's instead, more would be seeing and buying this stock.
Smith goes on to say, "Now that we have access to sufficient working capital, we have the control to execute our plan and hopefully begin to create a tremendous amount of value for our shareholders. We will provide more updates as they become available." He opens himself up to a major lawsuit from share holders with statements like this then, IF he wanted to take it private again. Don't think he is that stupid. He makes way more money in the long run to deliver on his PR and build a profitable company.
Well, finally the clouds over PEII are starting to part and the silver lining is starting to show, buy NOW cheap because it won't be cheap for long... Finally time to back up the truck and load up. IMO. About damn time too!
Well guess you should have bought those shares yesterday if you wanted cheap shares, like I did. The price is going up from here people. Buy or don't but don't try to hold the shares back with BS, made up rumors.
No takeover, Floyd owns 51% control no matter what, he owns the preferred shares that give that control. So, unless he sells directly, someone could buy ALL the common shares and still not be in control of this company.
So says Floyd, time to deliver what was promised.
About damn time it starts to go up. Remember everyone was saying when the S-1 gets approval this will explode to the upside. OK, so they were probably pumpers but really, what does this stock need to move north at all. This is grossly undervalued right now even without production numbers out right now. This should be @ $0.002 or better at this point with the S-1 approval. IMO.
Don't think $0.0001 is in the cards here. My guess is $0.0005
is the bottom but even if it isn't there is a whole lot more upside range then downside left. Just hurts a lot if you sell down from here. The toxic selling should stop soon. The finance companies can only keep 4-5% of the stocks on their books, part of the financing deal, the rest had to be sold by a certain time limit. Most , if not all of that selling should be done soon. IMO
Swim, I sure hope they are smart enough to do that.
Welcome to Penny Stock world, land of the If's...
So S-1 approval brings $10M to the table, that's roughly 2.7 years of operating capital (with little or NO production). If wells start going on line and pumping a total of 50 BOD at $100/BBL that's $5000 a day revenue X 365 days = $1,825,000 yearly revenue. Floyd has said that break even point is at 100 BOD = $3,650,000 of yearly revenue. If 50 BOD comes on line by end of August then Floyd can slow the sale of the 1.5B AS to a trickle and may be able to shelf those that are not OS. Lets say 4-5B OS at $0.01/share has a total value of $40-$50M, hhhmmmm, realistic numbers for this company to be at even just shy of profitable and well within the realm of reality. So if we go from $0.0007/share to $0.01/share that's a nice profit. A $7 investment becomes $100. I can live with that; if all this happens and IMO it is very probable it will. Again, IMO.
15 billion AS and of that approx 3 billion OS
Almost no one does PR for internal stock buys. Only a SEC 4 form filing usually done, that's why DD is needed to find these little gems.
Always better to buy low and sell high. Buying here is a lot smarter than buying a few weeks ago AND HOLDING! I knew this ride was going close to the bottom, didn't really think it would get below $0.001 though. Buying @ .0006 and .0007 are a bonus to me. IMO
This is what happens when there are more sellers than buyers. The sellers get nervous and sell at any price just to dump out and buyers at this level are putting in lower bids to catch a bargain. At some point it will rebound but don't think that is this week.
I have to say after following this stock for six months, making money off it and listening to and researching all the Negative and Positive from both sides of the aisle; if there ever was a time that people SHOULD look at investing in this stock, I feel this is it. IMO, RS is not happening here now, it's a no brainer that it would NOT be the time for it at all. If total issued shares (all 15 billion) were all out there, sold and in the float, oh, hell yeah, the RS threat would be huge, but until we get over 10 billion mark out there then it makes no sense. The fact that Floyd bought 100 million shares (total) with his own money recently @ $0.0012/share tells me he expects this stock to rise above that soon. Buying in @ $0.0007, I will take those odds. IMO
Been away for awhile but watching from the side lines. Accumulated a couple million shares today. Thought it was time to buy back in some. From all that I read and hear, IF and I say IF real production comes on line in the next month, it is likely to be BIG, not the trickle of the past. They have been re-pressurizing multiple wells with the salt water/ CO2 injection for awhile now. That pressure is building in those wells and none of the production is on line yet to draw it off. The BOD rate when it does come on line is not going to be a trickle. Production looks to be starting soon, when it does this, PEII's share price will NOT be .0007/share and will likely NEVER see this level again. It is a nail bitter though, I'll give it that and NOT for the faint of heart. IMO. Hopefully Floyd will come through with production, FAST!
Maybe Floyd gets it (finally), DILUTION to the degree it was happening, hurts share holder value. Let's hope it stays at these levels for awhile. This stock might edge up a little today. IMO
Curious puts it mildly. To bad for me, I'm going to be on the road most of the week so will be tough getting full picture of what's going on unless the share price pops and I get an alert. I can only hope the S1A gets approved. Good luck to all!
The buy back scenario might actually work but unless Floyd bothers to read these comments it will probably not happen because he won't think of it himself. At these prices he could buy back a TON of shares cheap. Certainly he needs more than fluff to keep this venture afloat.
.10 to .12/share may prove to even be lofty but not unrealistic as $3-$10/ share. The only way those numbers are coming anytime soon is with a reverse split. I have almost NEVER seen a company do a reverse split and have the share holders come out ahead in the deal. It just really NEVER happens, so if you hear of one happening in any stock you may own RUN don't walk to the exit. IMO.
I get it and it is POSSIBLE to get $10/ share YEARS from now but the only way it is happening under 8-10 years from now is with a reverse split once or twice to get the multiples right. Again, ONLY after hitting a penny/share first.
If the stock goes to a penny a share and they do a 1000/1 RS then it's a $10/share stock. Just saying it is within the realm of possibility. Of course it has to get to the penny first and that is a far cry from where it is now.