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They earlier in the month said they were raising 5 million in growth capital. As they use that they should be releasing news on what their plans are. That should create value for the stockholders. It should be exciting going forward to see what comes and how the stock reacts favorably.
Exactly!!!
Will probably bob up and down until news is released.
The smart play is buy low and hold for the news and cash in. Any buys up to .03 are good buys.
One buyer who sees the value of this company can get it going. That's how these low float stock are. Many of the pinks are suspect but Oclg is the real deal.
With the news the shares should probably be over .01 by now.
The company is forward thinking which is good for the shareholders as they expand and improve revenues.
Nobody wants to sell cause they know the shares are worth .03-.04
Random selling from the more impatient ones.
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 it becomes effective.
Bid coming in next half hour or so I bet.
No it has been changed.
Synergy Investor Relations Line 888-259-9173
The SEC went over PEII with a fine tooth comb for months and approved the S-1. So they knew the dilution was occurring and was going to occur when PEII drew down. Any investor would have known the same if they did their own due diligence and read the filings. Why would the SEC step in when they approved the transaction that led to the further dilution?
Even he can't be happy with it stuck at these prices. He has to be considering releasing the positive production reports and other things to improve the PPS.
I wouldn't be surprised if he hints at a stock buy back. It wouldn't take a big one to restore confidence for the stock.
The Great thing abour PEII is that it is a stock. If you don't like whats going on you can sell AT ANY TIME.
Liquidity is not an issue! Greed and fear are the issues.
since the SEC approved the S-1 for 10 mil and CPUS was in it I highly doubt that the suit will go anywhere. But I bet the attorney will take your $500 and then ask for more.
The projected daily oil production rate once all three leases are online is 150 -- 200 barrels of oil per day. These three leases are the primary drivers behind why we have projected Petron II to become profitable this year." We will provide more updates as they become available.
Exactly
The people jumping ship this low will be kicking themselves when it gets back up.
It sucks that it got this low but there is a good opportunity at these prices to double or triple up.
PEII TAKEOVER RUMORS>>>>>> PEII takeover candidate ?????? what better time for larger company to aquire PEII when the price is so low and PEII just got acess to $10 mil in funding!!!!!!! Take them out at between .07 -.10 and its a score for shareholders !!!!!!
What warning?
Can you Please post it?
The S-1 becoming effective is a filing not a press release and is already done.
http://yahoo.brand.edgar-online.com/DisplayFiling.aspx?TabIndex=2&FilingID=9940114&companyid=807636&ppu=%252fdefault.aspx%253fcik%253d1467434
No need to do both!
S-1 Accurate info HERE.....
When an S-1 becomes effective the SEC will post a notice in the company's filings that says"EFFECT" that shows the S-1 has been approved and is effective. This is 100% the first step. Then and ONLY then can the company put out a press release or talk about it in a public forum. I expect PEII to do both when it becomes effective. I got this from the IR dept. This HAS NOT happened yet. The post on Yahoo is incorrect and misleading.
I think someone in pennyland knows something. Can't be a coincidence that this kind of volume moves. There are set ups taking place for the upcoming announcement and following run.
These shares might be the cheapest to buy for awhile
Get them at this price while you can.
this is not accurate. I just called and spoke to rick about this statement. he said now that the 10-K is filed PEII can submit the ammended S-1 with the updated financials in the 10-K. If the S-1 gets approved in the next few weeks it would have been about 4 months since the intial S-1 was filed on December 16th, 2013. He went on to say that PEII believes the subsequent registrations of stock, since they don't register the entire $10 mil at one time, should be a much quicker process than 4 months. Once the S-1 is approved by the SEC PEII can draw down on funds the next day.
There is no 4 month time frame for a payment to be made. He said a hypothetical statement "IF the S-1 gets approved in the next few weeks it WILL HAVE BEEN about 4 months"
No, I got it Vic
Thanks
I'm not sure I follow you VP.
I would guess people sold because they didn't want to wait for the good things coming. People can sell for any reason. If stock was being mass dumped by financing I would expect it to have dipped much lower. I think of a return to .003 isn't unreasonable as the stock is probably worth that.
I spoke to Rick.1) first of all he has his own Investor Relations consulting firm. He helps companies build their profile in the investment community and helps shareholders out when he has time and can not always take every call. He only has what info PEII provides to him 2) The additional financial info that he understands that the SEC wants is due to the fact that it has been over 90 days since PEII submitted the S-1 and any company has to re submit financials because they go "stale" after 90 days. Since PEII has a 10-K due at the end of the month they will simply use that data. He said he could never know if or when the SEC gets that info or if the S-1 will be approved or not but cetainly hopes so 3) Since he is the IR consultant he is able to get info directly from the transer agent that others can not. He knew about the 22 mil before PEII had a chance to update the website. All above board info.
Floyd on Moneyforlunch Wednesday.
Maybe buying in anticipation of S-1 or short covering for same reason.
You should know better than anyone J.L.
WNBD CEO Eric Lehner will be interviewed on monerforlunch.com FEB 3rd at 12:25 PM Central Time.
LINK>>>>http://www.moneyforlunch.com/
Letter Of Intent for Dummies....A letter of intent (LOI or LoI, and sometimes capitalized as Letter of Intent in legal writing, but only when referring to a specific document under discussion) is a document outlining an agreement between two or more parties before the agreement is finalized. The concept is similar to a heads of agreement. Such agreements may be Asset Purchase Agreements, Share Purchase Agreements, Joint-Venture Agreements, Lease Agreements, and overall all Agreements which aim at closing a financially large deal.
LOIs resemble written contracts, but are usually not binding on the parties in their entirety. Many LOIs, however, contain provisions that are binding, such as non-disclosure agreements, a covenant to negotiate in good faith, or a "stand-still" or "no-shop" provision promising exclusive rights to negotiate. An LOI may sometimes be interpreted by a court of law as binding the parties to it, if it too-closely resembles a formal contract. A letter of intent may be presented by one party to another party and subsequently negotiated before execution (or signature.)
The most common purposes of an LOI are:
To clarify the key points of a complex transaction for the convenience of the parties
To declare officially that the parties are currently negotiating, as in a merger or joint venture proposal
To provide safeguards in case a deal collapses during negotiation
To verify certain issues regarding payments done for someone else e.g. credit card payments
An LOI may also be referred to as a term sheet or discussion sheet. The terms reflect different styles (an LOI is typically written in letter form and focuses on the parties' intentions; a term sheet skips formalities and lists deal terms in a bullet-point summary), but usually do not indicate any difference under law. A contract, by contrast, is a legal document governed by contract law. Furthermore, there is also a specific difference between a letter of intent and a memorandum of understanding (MOU); an LOI outlines the intent of one party toward another with regard to an agreement, and may only be signed by the party expressing that intent, whereas an MOU must be signed by all parties to be a valid outline of an agreement. Nevertheless, LOIs are fairly often incorrectly referred to as MOUs and vice versa.
It is amazing how many people buy a penny stock like PEII hoping to get rich quick,have no idea that almost all companies go pubic to sell stock (DILUTE). Then the stock goes down, then can't accept responsibility for their decision and then they start their due diligence and blame the CEO.
Guess what, he didn't make anyone buy or put the order in.
Swimom was the person I was talking about.
She claims to have knowledge but complains that the IR firm did not tell her bad news was coming on PEII before the press release was out? So is she basically admitting she was trying to obtain inside information for purposes of trading off of it and selling before the news was public? This makes no sense. Who would admit that on a message board?
Live Link to Video Showing
Special-T Tracks Crew and the nature of the work:
http://www.ozarksfirst.com/story/the-dirt-guys-prep-jqh-arena-for-pbr/d/story/B_2klac3f0S4VaXcGRD1nA
What I liked from today's news were the statements from the CEO
"It's big news for Winning Brands that the TrackMoist project is gaining new momentum. We are now better organized to benefit from the enormous potential of TrackMoist. Previously we limited ourselves to a small number of loyal sites focused on a narrow range of uses. We didn't have the right business model to let TrackMoist grow easily -- there were bottlenecks. We were also conservative in ensuring that TrackMoist was performing well and that we first built a good performance reputation with existing clients. To prepare for growth of TrackMoist, we have since combined our customer feedback and R&D more effectively, we have increased our production capacity, we have earned the endorsement of one of America's most knowledgeable figures in soil conditioning and designed an operating relationship to handle pent-up demand. We have now adopted a direct supply relationship to soil conditioning operators by replacing the earlier prototype distributor model. For the first time TrackMoist customers anywhere will receive ongoing expert advice, based on continuous first-hand experience, to guide customers in their site applications. By removing bottlenecks, demand can flow through better and be converted to delivered product faster. This structure will tap into wider applications but still connect them to a mechanism of professional collaboration for quality purposes. In this way we can grow more deeply into entertainment venues and also more broadly across other possible applications too, where demand emerges."
WNBD has been approaching the major retail banners of the home improvement sector for starters – Home Depot, Lowes, and Walmart. In Canada, they have now secured shelf listings for all three companies. In the United States, they also have an early stage relationship with all 3. The status is as follows:
Home Depot USA – Now available online and direct to store delivery for online purchases. This is considered a first step toward shelf presence, but it is unknown how long a wait there is.
Lowes USA – Now available in a few Ohio stores as part of a running test. Negotiating presently with their national buyer.
Walmart USA – They have been granted a Walmart supplier number and permitted to conduct tests in their Sam’s Club division, in Houston, Texas. They have had successful experiences there and Walmart wants them to expand this activity.
Here is the deal on PEII and their Bakken play. After speaking to people who know what is going on, PEII and its board members knew about the prior legal situation involving Phoenix Energy. The deal was a similiar structure as PEII with the revenue stream comning on the back end. Those close to the situation say that the company filing the complaint knew full well what they signed up for but are alledging they thought the money would be upfront and not a back end deal. Those same people familiar with the lawsuit say it is meritless and without basis and will go nowhere. PEII knew about this before and during their deal with Phoenix and it will not affect it moving forward in any way. PEII expects their deal to be closed on OR BEFORE Jan 31 END OF STORY
Why is anyone buying any shares of this?
Makes no sense.
Can anyone shed some insight?
Maybe call it Phase .0000
Or Phase BK