I am getting a real kick with everyone' thoughts here! No sure if I am here for the entertainment value or the potential share value increase.
Remember we are in pinky land, very risky and most don't make the cut. I got burned bad with 40+ mil shares reduced down to 799 on a RS in a water co. Suck my neck out and it got hacked off....lol.
But there, there were no real assets, just future hype. Here, now, there is no real future hype but they are sitting on real assets. Also with a potential of a 10 mil payment....or them real assets that were traded (purportedly sold) are to come back...period.
AS far as the assets that were sold...even though RP was involved with some of the companies, he positioned himself with respect to the trade to be part of those companies....and I suspect to protect his investment and be first to have inside knowledge of such. He doesn't or didn't own the other companies with any substantial worth but just enough to have a certain say or some control.....and I say a very wise move to be on his part. RP is not total ACLY...only a small part....which he can forfeit for the greater good of returned assesets....in my opinion. as well also PGPM to some extent. What comes back with a fail deal.........maybe everything including equipment to work oil leases...as the forfature...?????
So here we have share holders for years hanging on, a company wanting to move up board...doesn't look good there, but a company none the less. The trade up board went the actual working end of the company, apart from PGPM. We see from financials of PGPM there were no real hard income but only as shown income from notes. Not a big deal right now.
Since something has changed and PGPM is now issuing public releases....there is a potential change that this company is going forward, most likely to set it's self back on it's feet. And all appears so with the acquisition of Scavenger Oil....a production unit if you will.
New people at the helm, change in leadership, issuing PR's, answering email, (each one I have sent recently to both RP and MO have been answered), PR'ing after the fact in lieu of forcasted....things may have changed. Sometimes they start somewhere...and not at the beginning!
They have the retained assets, they are working them. Proof should come 2nd quarter to 3rd quarter. They have the 10 mil in the bag, or they have the (sold) assets returned and more area to work. Looks like with the share structure increase, they need the shares to lure other working interest to join.....! Acquisitions, is what this is about and if you don't have money, you need shares to acquire. I don't have a problem with that...if that's the case! (note RP also diluted himself)
Since the increase in OS, my bet is the leases are to be confiscated. There is a slight chance that if paid, share holders may see a dividend....(albiet possibly deluded, which we don't know yet), both are very positive plays by those who are in charge. With 10 mil being a 1/4 of the payment....a dividends of roughly....given the previous share structure of 2 Bil would be .005. Not a bad play for a company to keep things running having a .005 dividend for current holders every 1 1/2 years until paid, given there is a structured payment schedule and it's a 1 1/2 apart.
ACLY will eventually spill out the terms of the deal....but THAT doesn't seem to worry PGPM right now...does it! They appear to be moving forward despite the current tangled set back. There seemed to be a time frame that has elapsed now.
The above is my opinion, which for the most part is a positive outlook........take it for what you want. I may joke about the rose colored glasses and Koolaide but it take the place of the time continuum that has occurred here with a possible failed deal to move up board....I say failed deal...but really I don't know for sure...and neither does anyone else at this point.
With respect to others here with a negative or otherwise opinion...they are entitled to such. Some have had personal contact with RP/PGPM and none if it was satisfied to any extend. THAT, includes myself. Some have taken a loss, some have been tied up for years, (that includes me also), that are not at all happy with events. But everyone here knows that when a pinky moves, their potential is outragous....and not compared to the big boards. A long shot, maybe a life changer, lotto ticket....that's why we are here!!!! No other reason.
ncpti
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