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Floyd Smith's latest interview:
Thursday March 27th
http://www.blogtalkradio.com/moneyforlunch/2014/03/27/bert-martinez-talks-w-floyd-smith-marc-freedman-adrian-shelley-and-guests
Swim, if you listened to the interview you would know that they aren't "comitting" any money to expansion. This is in their long term plans. Short term plans are focused on production, as Floyd stated.
Bid is stacking Ask is diminishing. Shaping up!
Either way it's frustrating to say the least. We need news.
$PEII$
Looks to me like NITE is having fun with this. Wish they'd quit manipulating!!
10-4 and Good Luck!
$PEII$
Swim, nobody here is saying this is a slam dunk. Obviously if they don't show progress, don't produce, don't care then yes this stock and company will fail, I believe that is common sense.
I am an optimist. I am prepared to lose all of my investment if that's the case. Compared to 90% of the other OTC oil companies, this one is by far and away the most promising, and it has a bright future in my opinion. It's hard to argue that. I've bought in while the price is low to maximize gains. Therefore, taking a risk prior to knowing the exact outcome. If you invest on outcomes, you may make some money, you may lose some money. I'm here to make a lot of money, should this be the case. Optimist am I. PEII is pretty damn transparent, take the risk or don't, it's ultimately your call on how your investment goes, not PEII's. Don't invest if your aren't confident.
$PEII$
Hello Mustang and welcome! Good luck on your investment!
$PEII$
Floyd Smith on Money for Lunch Thursday at noon central time:
http://www.blogtalkradio.com/moneyforlunch/2014/03/27/bert-martinez-talks-w-floyd-smith-robert-cicherillo-marc-freedman-and-guests
I applaud you for that. I sold some on the last run but obviously wish I sold more. Loaded back up now though. Good luck to you whether it be with PEII or another stock.
Lol, I've seen the movie "Gravity", I like your Vegas plan better......
Let's get this straight. PEII IS PRODUCING OIL!! Don't let anybody tell you different. It's in their PR's and it's been known for quite sometime. If I had to guesstimate I'd say they are in the 50BOPD range right now. Last confirmed # was 25BOPD and that was prior to getting their Texas sites back online. Their breakeven point is 100BOPD. Once they hit this they will become cash flow positive and we can pop the bubbly. Oklahoma has enough wells and reserves to put this way over that mark.
This is strictly oil talk, they still have HUGE potential with Natural Gas as well.....
Great point Johnny! It appears that you are correct...
PennyStockGeeks - PEII (Petron Energy II, Inc.) .002 "We firmly believe PEII is set for success in the days ahead! Stay tuned for more shortly."
lol, see you in a month Lask!
$PEII$
Agreed, but in my opinion they have HUGE potential for HUGE production. Once they get the funding they can get the other large leases up and producing. Natural Gas will also play a huge role in this as well, not just black gold. PEII's potential is astronomical. They just need to follow through.....
.10 within 3 months is more like it. If PEII becomes cash flow positive and profitable as they are projecting we will see these prices.
Unless they flush it down the toilet and don't do anything with it, yes Swim, you would be right. Production will be key in paying this off. I know you want the golden egg in your hand but I'm sorry you will just have to assume they will build on their production and increase output, thus becoming EBITDA positive as they are planning. Can't wait until we hit your projected number of .01 or greater!
Wow .002x.0025
10 billion X .001 = 10Million Dollars Take a 50% discount from that and you get 15 Billion shares, which is what they have done. It's basically collateral that is there, but won't ever be touched.
Another stipulation sent by the SEC was the 15B A/S. Petron HAD to raise this in order for approval of the S-1.
10K is due and they will be sending the Amended S-1 to the SEC for approval of 10 million dollar financing package.
They've paid down 600k in debt in the last 3 months.
Estimates are they have over 5 million in assetts and 1.1 million in debt. 10K due by the 31st, we will see more in depth when this hits.
I agree with your sentiment on becoming cash flow positive however, without the S-1 this stock fails. The company may not, but the stock will. They will have to dilute 10X more than they currently are in order to get the other leases up and that doesn't bode well for the market. S-1 is the first catalyst and is extremely important IMO. Once that's approved production and EBITDA positive will push this SP into lala land. JMO
For the time being I guess we'll just need to wait for production news. Hopefully the 10K looks decent....
Interested to see what the Penny Stock Geeks are supposedly coming out with........
Swim, you never cease to amaze me with your wonderful insight. How about this scenario:
Until this SP gets to where YOU think it should be (greater than .01 as you've stated) you complain about the share price, not the company. Out one side of your mouth you moan about the company and out the other you say SP is extremely undervalued. How are you not contradicting yourself?
Until this gets to fair value (above .01 according to YOU) your statements are 100% moot.
Tesla, what say you? $PEII$ sounds like we may have news soon. This stock is finally starting to get attention. One major player on the board is gone for good (publicly stated on another MB). The one who lost a bet to you.
Something is brewing......
Check your inbox
Refer to post #14139
Looks like VFIN is disclosing shares for the time being....Haven't seen that in a long time......
Do your DD but Swimom has said on this site she thinks PEII is severely undervalued and she thinks the SP, as is, prior to any udpdates should be at least .01. A few people have ulterior motives. Just do some proper DD and you will see what PEII has going for them. S-1 approval instantly makes this stock well above .01.
This company is real, their wells are real their pipelines are real and they have ALOT going for them. Book value is at least .02.
Good Luck with whatever your decision is!
$PEII$
Nice slap on VFIN! He's gotta be about done!
OMG, Mario seriously bud, prior to posting please know what you are talking about. The 15B A/S was a stipulation REQUIRED BY THE SEC for approval of the S-1. This was part of the second Amendment sent in by Petron. I know you are trying to post negative things but at least do so with credible information, not what you are making up in your brain.
Regardless of how you try to spin your posts, the inevidable will happen with the approval of the S-1. This SP will skyrocket. You are a little late on trying to lower this SP, we are too close to many many good things about to happen.
$PEII$
Until VFIN drops off the chopping block we aren't going anywhere. However, once they do, this thing is going to fly.
The Sticky Notes should provide everything you need to know about PEII and it's future. S-1 approval around the corner and positive production #'s coming soon! 15B A/S was strictly a stipulation for the S-1 approval.
Get your piece of the $PEII$
Agreed! DO YOUR DD PRIOR TO INVESTING!!
$PEII$
We are rewarded with a 5-10 bagger in a single gap! That's what.
$PEII$
There's two different types of dilution. Good and Bad. PEII is doing it the right way. Argue it all you want but that's a fact.
Paying down 600k in debt in 3 months. Is that good?
$PEII$
Looks like we're clear to .0025.
S-1 approval coming soon (within 2 weeks). Production ramping up to a very large scale. PEII set to have a HUGE year!!
$PEII$