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Soon those 5 Billion shares will be worth $500,000 @ .0001/share OR LESS! Toilet tissue anyone!
There is no RIGHT time to load PEIID. It's total crap! Look how many shares are trading in a day anymore. NO ONE WANTS IT, except maybe you... You can buy a dollar roll of toilet paper at Wal-mart and get more out of it.
This stock is so manipulated that unless you have either insider information or are EXTREMELY lucky you will likely loose all. That said, good luck!
I hope what ever money you have put into this stock is money you plan on throwing out because you just did. Floyd Smith has been ripping off people with reverse splits and false claims of production. Only an absolute fool would buy this stock anymore. Do your homework. It is so blatantly a SCAM. Get real! This isn't my opinion, this is FACT!
This stock KNOWS only one way to go "DOWN"!!!!!
With under $100.00 worth of stock sales happening so far today, I think FS can be real happy with himself. He killed his "Golden Fleece". Only an absolute idiot would buy this stock again. It's absolutely WORTHLESS!!!
And that surprises you how. A 90% drop in a few days. Gotta love it, unless of course a person actually bought this again.
2.6 Million WORTHLESS shares... STAY FAR AWAY from this crap. Don't let Floyd Smith rob you again!!! He should be in JAIL!
Watch how fast this drops to the triple zeros again...lol. It's pathetic!
Invest in PEIID or PEII and guaranteed to LOOSE your money! The only sure bet on the OTC! FS has run this into the ground touting things that are GOOD for PEII when they are just the opposite for common share holders. Flush your money down the toilet and you will get a better return on investment... IMHO
Why is anyone still buying this POS? It's obviously a total scam with FS the only winner. If I hadn't lost some money in this I would find it funny. Sucks to be those that bet the farm on this one and then rode it to the bottom. Stay far away from this stock at any price!
Just when you thought this stock couldn't get any more pathetic it goes to .000001; pretty soon you can buy a million shares for a dollar, which will immediately be worth a penny by the end of the day... What idiot is still buying this crap.
I disagree uncle, this guy knows EXACTLY what he is doing. He has been doing the same thing for years not months; he's not a newbie and has money enough to defer to those who can guide him and likely has. ANY oil company that has as much money thrown at it for free (at shareholder expense) and still is pumping so little product and has such a poor revenue stream should not be in business. A one eyed, three legged, deaf dog with one testicle could get more production out of PEII then FS has. It's all smoke and mirrors. Thousands $$$ spent on promotions to keep the rube's coming in and buying a dead stock. AVOID THIS STOCK!!!! I laugh at the speculation of getting some one else to run a company (PEII) solely controlled by the one that is ripping off shareholders.
FS a thief, NO, say it isn't so! Just because the guy did TWO RS's four months apart to fleece investors with BS PR's and a trickle of OIL. There is more oil in the recycle tank at the local Autozone then FS is getting out of the ground in a month. The new wells should be pumping 30-50 BOD, haven't seen any oil production numbers recently about that at all, just dilution, dilution, dilution; did I mention dilution. Gotta love it! NOT!
FS only has Bullsh*t wells and they are all gushing 500BOD of Bullsh*t!!! If Bullsh*t was going for $90/BBL we all would be rich! I noticed recently that the picture of the 3 repainted black tanks next to a metal building in one of the pictures on PEII's web site has another outfits logo on it if you Google Earth the PEII well sites and get an end view of that tank it's NOT PEII's LOGO and name on it. It's on the end of the tank farthest from the building. Out of view in the picture on the PEII website. Slick, really slick! Took me a couple days hunting the well locations to find it. FS should be in jail for fraud.
What a lair FS is. He actually believes the BS he spews. Yeah that video did great things for FS, more suckers will think this is a buying opportunity without doing DD and loose their money too. Just another day in paradise...
About zero, unless a production update that is great comes BEFORE the RS instead of after. Then look for a very narrow window to make money selling into any pre-split rally. Then stay out until RS is complete. It will start to drop in price within a week of the RS.
The blatant manipulation is mind boggling. I used to think if you timed it right you could make money with this stock but was wrong. This stock is a suckers play. How FS is able to sell even one share anymore is beyond me. If anyone does due diligence on this they will find that FS controls ALL decisions with 51% share control thru preferred shares and that common shares have a value of .00001/ share says exactly where he is bringing this stock. He is going to wring out every dime he can from investors and then come out with a new ticker and new name for the company and start all over again. He will line up new suckers and continue as usual. If something terrible should happen to befall FS and his cohorts then no one here will shed a tear. Might even hear a cheer or two. Just saying that poetic justice is always in play.
I used to think that if dilution slowed or stopped soon, as promised, by FS then you could make a buck or two with PEII. The ONLY one making money off investing in PEII is Floyd Smith. This is a penny stock scam at its finest. He makes sure to do all the scamming within SEC guide lines and blatantly files statements that spells out what he is going to do to investors, yet most don't read the statements and believe his radio show hype. This stock is pure snake oil! The only time to even considering investing into PEII is AFTER 200BOD of oil is confirmed pumping and legitimate sales are on the books to prove it for all to see. Then maybe a SMALL investment might be in order. Problem is, this will NEVER happen as FS makes easy money taking it from "starry eyed want to be overnight millionaires" that want that lottery ticket; that is PEII shares paying off as they soar in value. Go buy a scratch off ticket instead, you have better odds then ever making a dime here with PEII.
Is that Bert from "Bert and Ernie" or Bert that works for PEII? If it's Bert and Ernie from Sesame Street then I might listen but Bert from PEII, not so much...
Technically we all have air between our ears unless you don't have sinus cavities in your head. Last I checked we are all human and well, there is air there...lol. Yeah, this stock is one of a kind.
The only person gaining from the selling of shares of PEII stock is Floyd Smith, the owner of PEII. You know, the only one with PREFFERED shares (51% control, no matter what). He could care less about shareholders. He only cares about suckering in newbies with a dream of riches... don't be fooled by the hype and PR. BUY only when production is CONFIRMED at over 100BOD or you will very likely loose money here. This stock does NOT follow any logic, charts or any other predicting voodoo that anyone but FS knows. Good luck if you think otherwise; hope you have deep pockets. FS loves those with deep pockets and air between their ears.
This is going thru a 1500:1 RS shortly. All the production is hear say since nothing can be confirmed other then 130BBL's in June on the Texas RRC site. FS is running PEII off the money coming in from newbies investing in PEII at the wrong time. This is the wrong time IMO.
Yeah, old news. It means little with all the stock dilution and a stock that is about to go thru another RS @ 1500:1
PEII will likely sell a BILLION shares or more by the week end at this rate... again, why would anyone buy a stock that is diluting at this rate.
Why is anyone buying this stock? Can anyone give me ONE reason to buy this stock right now??? NO... then who the hell is buying this? Someone likes throwing away money. This will be down to .0001 by later today.
Problem is Swim, FS likely will eventually deliver the 100+BOD on the backs of those who invested along the way and lost there money with the RS's and dilution. Look at today; Friday FS announced that drilling is done on the 2 new wells. That along with pumping is causing 100 Million shares to change hands already today between $0.0004-.0005/share. FS is trying to bleed dry a bunch of newbies before the 1500:1 RS. It seems there is an unending supply of those hopeful investors that want to score big. On face value it SEEMS as though this will be a big win for share buyers at these levels, just like before the last RS. In fact, the ONLY winner is FS and PEII at this point and likely for the near future. The share buyers are going to continue to get screwed until VERIFIED oil production and sales of OVER 100BOD is established. Until then this will not benefit any shareholder other than FS. It sucks to be an investor into PEII, FS is just a bullsh*t artist who paints like a pro.
They are not going to run out of shares and apparently the supply of suckers is just as plentiful. Until the RS issue is played out only a fool would throw money at this stock. It's just NOT a good investment at this point. The only winner as usual will be FS and shareholders will get screwed.
As of September 3, 2014
Number of Shares of Common Stock Authorized= 2,000,000,000
Number of Common Stock Issued and Outstanding= 198,508,123
Number of Shares of Common Stock Available for Issuance= 1,801,491,877
After Reverse Stock Split at the Ratio of One for One Thousand Five Hundred.
Number of Shares of Common Stock Authorized= 2,000,000,000
Number of Common Stock Issued and Outstanding= 132,339*
Number of Shares of Common Stock Available for Issuance= 1,999,867,661
Reverse split to take place 20 days AFTER Sept. 22, 2014.
Knowing this, I would not recommend this stock to anyone and sorry I ever did. I did not realize just how corrupt FS is. He only cares about making money for FS and NO ONE else. Wash-Rinse and repeat at its finest. Stay away from this toxic stock. You are guaranteed to loose money with PEII no matter how you play it. What an absolute lair FS is.
The manipulation is catching up with FS. Even at .0002 to .0004/share he is only selling 33 million shares today. People are catching on to the BS. Prior to last split he was selling 5-10X that many shares at these levels. The horse is dieing but FS is still whipping it for all it's worth. Damn thing will be dead soon but FS will still be a whippin' ...lol
Who is buying millions of shares of PEII stock that are 100% going to loose value in a major way? It makes no sense at all... just saying. Are people really that stupid when investing? Guess PT Barnum was right, "there's a sucker born every second".
I agree, done for now, just waiting for the right time to play this but likely not any time soon.
Actually Bernie, think about it, do the RS BEFORE good news comes out about production and it drives the share price up (instead of down) right after the RS. The $0.15/share becomes $???? higher. A lot further down from there for FS to sell shares into if it goes south from there. Win, win for FS but maybe not for investors, again.
Problem is the SEC really can't do anything about the RS's as long as the board of directors approve the RS and it's within the bylaws of the companies incorporation. Still, sucks though.
Yeah OK, the chart is about to go off the cliff again.
This is only hard to watch if you were foolish enough to still be holding shares of PEII at this point. The writing was on the wall in bold letters three weeks or more ago when I bailed. This stock has turned into a train wreck for most invested.
If they announced no reverse split then likely they would get a bounce but unlikely they won't reverse split, just a matter of when not if.
Remember how FS said awhile back that by the end of the year he wanted to be trading on the AMEX at over $1/share, well, looks like that might happen, IF they allow PEII to list on the AMEX with "10 OS"...lol. That will be after the next reverse split of 40000:1. (OK, I made it all up but think about it.)
In any other world other than the world that PEII exists in, you might be right. The only bounce that this stock is going to see now is right off a cliff. If you need to loose some money in stocks, invest in PEII; if it's one thing that FS knows how to do "build shareholder equity", again, NOT!
1500:1 reverse split, It's a wonderful thing!!! NOT! Yeah, it will be fifteen cents a share for about 10 minutes and will fall like a rock to about 5 cents a share... and back to trips again with dilution... blah,blah,blah... If there is no serious increase in oil SALES then run like hell from this and don't look back! IMO