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Sure Naz, this stock could hit $10/share after about a 1000:1 reverse split. I seriously doubt this stock would turn into $10/share stock without a reverse split somewhere along the way. No way this is a $10-60B dollars company. Maybe in 20 more years but not now or anytime soon. Didn't want to kill the guys dreams.
Russ, I agree and think a reverse split may come in a year or maybe a little less, depending on how the share price does and total number of shares outstanding. A lot can happen in that year. In the mean time there is money to be made. I don't care if this stock just goes up to a little over a penny/share and stays there for awhile until production warrants further price advance. We are at $0.0013/ share right now and this stock is worth more than that. IMO.
Todd, looks like you pretty much summed it up. I wouldn't mind being JD Clampet but will be just happy with a few extra bucks in my pocket and not loose any. May all of your observations and speculations come true... for all of our sakes.
Anything is possible with this stock. It doesn't have much lower it can go or we all will be in negative numbers. Your guess is as good as any how high this stock can go. Personally, if it doubles from these levels, I'd be happy enough. Would be nice if it went up a lot more. Last post for today, used up my 15. Hope you all have a great weekend where ever it takes you. Maybe we all will find a S1A approval for PEII in an Easter Egg...lol, Enjoy!
I guess someone didn't want to go long into the weekend and dumped 2M shares@ .0013 in the last minutes of trading. Then 31K shares traded at .0012 and then 500K @ .0013 a couple minutes later. All in the last 13 minutes of trading. Tune in next week for another roller coaster ride, hopefully with more rises then falls. Have a great weekend all!
The thing is that while they flood a particular oil field with saltwater/ CO2 it doesn't stimulate just one well, it stimulates ALL the nearby wells to produce more. One well in the middle of 5-6 wells pumps in the brine solution and oil comes out of the rest at increased pressure. That's why if they ACTUALLY DO what they say then yes it will be potentially gigantic for little PEII .
Naz, my bet is there are some that are seeing the signs and reading it with belief of upside potential. I would not be surprised to see late day BUYS! They could be substantial at the ASK and if it happens the writing just got much bigger and bolder on the wall. Watch the last hour of trading. I think we hold the 14's going into the long weekend and that would be a very good thing.
"I'll buy that for a dollar"...lol. Yeah, I'd put money on that, oh wait, I have!
About time it dried up for awhile. I see whats happening here as good stuff right now. Tune in next week, it should be an interesting one... lol
I'd be surprised to see share volumes here go over 20M for the day. Just in "hurry up and wait" mode now until some REAL news comes out. Some bottom feeding going on but not much else.
One thing for sure DILUTION needs to slow its pace big time. It seems to have done that for now. For how long??? Oil production in a significant amount MUST follow soon. 3-4 months is as long as it should need, from this point, IF what Floyd claims has been done, is IN FACT been done.There are a bunch of "ifs" I'll grant you but still think this "STOCK" will move UP shortly.
Naz, if there is any "POSITIVE" news of anything major. That will be the catalyst to bring back in the buyers. Right now they are sitting on the side lines waiting as we are to see what the next news out is. I just hope it's not the other shoe dropping...
I have been extremely critical of this stock at times, I own it, have gained position at different times. I'm telling all concerned that this stock is about to make a run "UP" not down. I see too many indicators that are lining up right now that are giving support and all that is needed is the right catalyst to send this flying high. We have all heard ALL the negative about Floyd and his lack luster performance until this point but in IMO "GO" time is almost here and serious OIL production will be here. Never "catch the falling knife". The knife is stuck in the floor now and safe to pick up, if you get my analogy.
PEII has been selling stock heavily for the last three months. They have sold almost/ to slightly over $3M by my calculations. That didn't just evaporate. That is what is keeping the lights on and funding operations. We're not idiots here. I for one research this stock heavily. I LOOK for trouble with this stock and have found some to be concerned about BUT I think if a few things fall into place for this little company they will survive and thrive. JMO.
According to PEII they just got back on this site last month to do the work over. The work over is complete now according to Floyd and waiting for approval to start putting oil back on the market, this was in a PEII press release. If RRC is like most agencies, there is a lag in information getting updated. Just my observations.
That's what Floyd said in the radio intervue, he was looking to get production online after he cleared up a regulatory issue. This must be the issue.
FLOYD people, the CEO's name is Floyd.
I had a link to the Oklahoma and Texas oil producers registry a while back. I'll try and find out if the well status for those wells has changed. Good call. This is my second to last message for today, I counted...lol, only get 15.
Naz, I could be wrong but I have a feeling the S1A is going thru. The feds probably wanted this last clarification before their ruling. Approval (or not) could be here by this week end. Might be time to get that 1M shares you were talking about cheap and hedge yourself. Just saying... I know I've bet on worse speculation and came out ahead. Your call though... don't let me convince you.
Yes, It DEFINITELY is on EDGAR. I just was there. I'm running out of posts so if I don't answer you know why.
I think that is correct. Cover your A** stuff. BTW Floyd is pumping oil to the tune of 10-15BBL/Day right now. There are sales of product, just not much of it yet.
Did anyone notice an AMENDMENT to the S1A filed on 4/14/2014 was filed today 4/16/2014. Interesting reading, basically the law firm is saying it confirms all the previous filings to be true and accurate, from what I get from the document. There must have been a last question by the SEC and the law firm had to file something. We may actually see a final ruling by the SEC pretty quickly now.
Swim, we all know production is the answer to growth here. It just isn't going to happen overnight here, like I said before, we need to give the 4-5 months, no more, to see REAL production from this point. If it doesn't happen by then, it never will.
Looks like Judson Hoover is getting partial pay in the form of stocks. He has about 10.8M shares at this point accumulated. Stock disbursements on about the 1st of the month and recorded later. Goes back to last October.
Opinions are like A**holes, everyone has one. Hopefully people here can put opinions out WITHOUT being beat up for it. Lets back it up with facts and research though, that will help ALL here and NOT try to fleece anyone with blown out of proportion statements in either direction on the stock. Just a suggestion.
Others have said it before, patience is needed with this little stock but only just so long. People are getting thin on it though. I would be the first to point out the faults of this stock and have. That said, from these levels my bet is an upward trend soon. Don't expect anything major right away but as soon as this starts to move upwards nervous investors with money will want to pick up large positions before it moves up too high and that will cause momentum to pick up. Any stock that goes up too fast usually falls just as fast. We want a slow steady increase in share price here for awhile, a tick or two a day to start then we hope the S1A gets approval and take the ride. Watch it though, it might be a bumpy ride fasten your seat belts!
If someone isn't buying at these levels and they think there is going to be much lower to get in "trolling" they might have a long wait. Any lower and we will be in negative numbers. Man, there is so much frustration out there amongst investors in PEII right now, you can just feel the tension. Breath people, it will pass and hopefully this "pain in the A**" stock will make us all some money.
No, usually all the wringing out happens first. Capitulation and disgust in shareholder (that bought in way to high) causes mass selling. It tapers off over a few days and then (bottom feeders) come in a and drive the share price upwards. I've seen it plenty, no guarantee it will happen here though. Might just be a temporary shelf, lets hope it holds.
2 days ago we saw 150+M shares move, yesterday about 100+M shares moved, today 41M shares move. We dipped to 1 tick below previous low and bounced back. Looks like a bottoming sequence to me but what do I know.
I see we are still in the "hurry up and wait" mode here. The fun just never ends...some upward share price pressure would be nice for a change.
Personally, I believe this stock should be in the .002's and not where it presently is. Usually when you get, what I like to call a "capitulation and utter loss of faith" run on a stock; it opens doors to new investors who haven't been beat up by the tumble of the share price and they buy in to prop the share price up and breath new life into the share price. Now if only we had a few of those people out there who want to invest some serious coin... Guess we will see what tomorrow holds.
That was as of 3 days ago 4/12/2014. By now it's over 2B shares outstanding. It is what it is. Even if it were 3B shares out there, this stock with real revenue coming in (hopefully shortly) could get to .01 or slightly higher. 3B shares at .01/share comes in as a value of $30M, "If" oil starts coming out of the ground at 50-75 BBL/DAY = $1,825,000-$2,737,500/YEAR Revenue. At present share values of .0014/ share the 2B shares are worth $2,800,000 total. These shares are cheap right now IF even one of the three major leases starts to pay out as it should. If all three pay out and PEII does "finally" get to well over 100+BBL/DAY then this is NOT going to stay at $0.01/share but go considerably above that. Now all Floyd has to do is stay on course and not run out of money until he gets this thing cooking. He has about 4 months to do that to a major degree. If after 4 months he doesn't deliver then he never will. I say give him the 4 months to pull it off. Just my own opinion.
I get that, trying to fit the pieces of the puzzle together too. I do think that this MAY prove to be a time to buy into this stock (short and maybe even long term, depends on a lot happening). The stock re-tested its low today with sales at .0013. I think this stock heads north from here. Maybe another tick down but don't think so. I'm not saying back up the truck but might be worth sticking you toes back in here, get your 1M shares Naz if YOU feel comfortable with it. You certainly know the risks. Think I used up my posts for today, have a good night all.
Then why would Floyd say he wants to get PEII on the AMEX, makes no sense to take it private unless it's going down faster than a submarine with a screen door. He wouldn't bother to try to increase production at this time then. He would wait, pay debt and pump oil after going private.
If that happens then yup that works.
Russ49, never trust what PEII (i.e. Floyd) says without checking facts and numbers for yourself; look at the SEC filings and do the math. They got $5M financing last year, in March if memory serves. That is pretty much gone. Play time is over for Floyd, now he needs to work hard and fast to bring this company back to its potential. The premiss of the business is a good idea and that is what attracts investors. It's their execution of their business plan that drives me nuts.
Reverse stock splits are always used to KEEP listed. There may be a silver lining of say a 10:1 reverse split is that 15B shares becomes 1.5B shares. The point is always to get over the delisting threshold though, to stay listed. My experience with it.
Naz, I agree in some part. The only way this company is going to be a long play is IF it pumps OIL and lots of it, really soon. Then it's BS past means less than a future taking in significant revenues. It's "show me the money time" on Floyd's part. We've given him ours, use it wisely Floyd. Only have a few more posts left so I'll chime in again later. Good investing to all.
Here is an open message to Floyd, if he reads the messages on this board. Floyd put OUR money where your mouth is "PUMP OIL AND MAKE YOUR INVESTORS, "US" SOME MONEY!" We are not in this stock for the fun of it.
News of the S1A approval would be great but if its just more business as usual from Floyd with no delivery of product at any level to sustain the companies growth potential after they get the S1A approval, then it makes little long term difference. HE NEEDS TO PRODUCE OIL at levels more than a trickle for $$$money put into the venture. It's that simple.