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With a reverse they can issue more shares at a higher price. They need cash to buffer up the financial statement. Means dilution ???
If that 2.60 premarket had held I would have sold so I will hold for 2.50
Just look at the price and you willl know that th ey have been sticking it to us for the last two or three years.
Nice call Soapy How far will BBX run with the news yesterday from the Feds? I think I want out before the reverse split.
New CEO will do a reverse split and sell more shares to make his salary also change the name to fool the new investors. Then put out some fancy PRs
This company is a joke and I own stock in PGPM
With a reverse split they could more easily sell more stock and raise more money
can anyone tell me what the market cap is for PGPM?
Market cap is now $12,600.00 WOW
Dragon Man Whats your take on todays action? will this continue next week?
Heck this looks like a job for the forensic auditor. Do you know of one?We can pay him with PPTL shares
Tom needs to go out and get a real job punching a clock like the rest of us and make an honest living.
Lets not complain too loud. They could stop trading PPTL on the pinks, Delist us to the grays. Then it would be very difficult to buy or sell our shares, That what has happen to several ofmy penny stocks and it becomes a total loss. It will be hard to even make a tax loss sale with no market.
Maybe Brucie got the 5mil and took a vacation in the Cayman Island
Glad I didn't quit my night job
Greg Maybe Bruce sold the leases to his other company that he and his daughter own say maybe for a $1.00 What you prevent such action?
Plugger I think that ole demon greed got the best of many of us here Got me for 8k I am not smart enough to play pennies learned some expensive lessons in pennyland.
Raj never bought any rigs pocketed the 5 million and left us holding the bag and never used a gun
I like to own stock in the bank I use. Maybe I will get a little more respect as a stockholder and customer. Easier to get a feel how a company is doing
I bank at BankAtlantic have been impressed with their service especially their 7 day banking, but service cost money off the net profit. Lately i nave notice a cutting down of open hours and fewer employees. Cost cutting going on so maybe they can pull thru this current crisis
What year are they talking about August ????
Dragon Man tell me why you like this stock
Dragon How do you know how many shares DirtDog has bought? I don't believe much of what is posted on EDEX and any other penny stock board
I didn't have a problem resiting those cheapies
You can mark my word that is PPTL is headed to the gray list. At this point there will be no market for yours shares i.e. DVPC and NVMG. Makes it very difficult to trade or even establish a market. This is usually the result of a company not keeping the shareholder informed to their activities thru PR and other reporting. When a company is secretive about its operations they become suspect of fraud. I wonder why Bruce Thompson can't open up to us stockholder. Maybe through a letter to the stockholders on their website.
Your friend is probably corrected
Peace I was jesting. We are ALL in the same boat lets tolerate each other. If I was trying to raise $5,000,000 to develop a field I would do a better job of public relations He needs a better image of his company. I would not extend credit to anyone not reliable or honest.
Greg I am not kidding Lets appoint him as our represenative
A44 Why don't you become the moderator of this board and then send Bruce a registered letter asking to see the financials or whatever records they have. Tell him you are an auditor representing a group of stockholders holding "x" amount of shares. If he fails to release this requested information inform him you have no other alternative but to send a letter to the regulators or maybe the Justice Department for investigation.
what happened to OUR Savior A44? Has he been exposed?
I believe Greg is in the same position as the rest of us.. Only one person can answer A44 questions and that is Bruce Thompson. Until he decide to issue a PR about the status of Premium Petroleum we are at Bruce's mercy
Greg sorry you decided to quit as moderator. I hope that fraud forensic auditor A44 or is it A$$? He is so full of it. Greg hope you keep posting here.
Just a word of encouragement TNOG failed a couple of years ago I was left holding 675K shares at 0.0l5 went to maybe 0.05 and fell to 0.002 or 3. Now someone has revived the company and now I have made back about 1/3 of my investment. I believe I will break even and maybe make a few bucks. If I had given up and sold there would be no way to get even. As it is said you haven't lost until you sell. I will just continue to hold PPTL
A44 Seeing your are new comer to this board and reading your various posts if you are a forensic accounting auditor I am Alex Rodriquez. He is playing in NY right now
I dropped 9k here I got greedy. Native American had a good story and I did not take the warning from I believe it was Pink Floyd that told us about Raj and his previous problem with the SEC. Fortunatly my loss was my profit from other investments.
Plugger I have decided I am not smart enough to trade pennies; In fact I took another partime job just to break the trading cycle save me money and made much more working. Still hold a nice position in SNG and CHQ long term only
Why haven't we had a word from Tom about the drilling progress? Today is 4 day after TD??? Maybe a PR Monday?
All that would happen would be they would halt trading on the pink sheets as what happened to DVPC NVMG and others then you cann't sell or trade. Is this what we want? All this does is protect others from falling into the trap we did.
Copley you said the same think about Mesa
I think I forgot what we are waiting for....news? PR? sales results or are the lights still on and the phone connected?