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Early profit taking and MM short. Should be a bounce soon. Big news is coming. no one in their right minds wants to be short this stock too long.
I HOPE MM short this. When the news hits it will run over .10 and they will be screwed. 26 mil in the float, where are they going to get shares?
SHORT SQUEEZE !!!!!
120 barrels of oil per day potential in just the LaNina and Covenant which are new virgin wells close to completion , based on the press release quoting the historical data from the pay zone the wells are in !!!
PEII gives progress update and guidance on potential oil find on Lanina and Covenant.
Smith went on to say, "When we consider the historical production experienced from two adjacent wells (Potis and TJS wells), which produced from the same pay zone the LaNina and Covenant wells are producing from we are very encouraged by the potential production increase. The Potis well had initial production of 70BO/D and the TJS well had initial production of 50BO/D. While we are in the early stages of results for both the LaNina and Covenant wells, if each well experienced the type of production results as the Potis and TJS wells it would make our LaNina and Covenant wells the biggest producing wells in Petron II's history. We expect production results on the LaNina #2 and Covenant #5 very soon and will report results to the market as soon as they are available."
Of course. Excellent point but why try to educate people who think they know everything? pointless.
IMPORTANT reminder on PEII. Their primary business secondary recovery of wells.
However,the 2 wells they are pumping and we are expecting to hear updates about are VIRGIN WELLS. They have not been tapped yet. They are The LaNina and The Covenant.
The potential for big production from these wells is possible.
Crossing my fingers!
#1 its not a pinksheet stock. it is OTCQB, how could you not know the difference?
#2 If you are going to bash the stock why are you a moderator for the stock??
Its like someone standing on the beach and a wave crashes and the water rushes up. then as the water recedes he runs away screaming in a panic because he thinks the water is going away for good.
Ebb and Flow son, ebb and flow.
whenever a stock runs there is always and idiot like you yelling scam.
shut up loser
There are thousands of reasons why people sell. Only 1 reason why people buy is because they think a stock will go up. Some people just give up or need money or have cash needs. Who knows?
ok. good luck i hope you make money when the news comes out !
Exactly. Efficient market is a good sign.
Smart money buys stock before news comes out. Then when news comes out smart money sells while others are chasing the stock as it goes up. Why would you wait until news goes up and buy the stock at .10?
That is the penny stock game. You buy cheap stock and hope the company can put out good news and it can jump.
Chart is at bottom of Ibox now
Petron Energy II, Inc Company Website Link
>>>>>>> http://petronenergyii.com/
PEII requested. great idea
let them sell, it is great to see them sell under .02 a few days before it runs to .10.
believe me i have been on the wrong side of that decision and it hurts u in your gut for days when u bail on a stock that runs after you sell it.
Is .10 possible on good news from PEII?
-small float (21 mil)
-oil and gas play with oil prices over $107 per barrel.
-possible big news on 2 new wells?
-thin looking level 2
what do you think?
The swab test definitively showed there is oil. the question is how big is the find.
From the last press release dated July 11, 2013 "After swab test were ran on each well the test returns yielded oil. These results are very positive and allow us to move to the next stage of completion which is scheduled for Friday. We have scheduled sand fracture stimulation treatments on each well for Friday"
The CEO said the back gas pressure that they found on these 2 wells is normally indicative of substantial oil reserves.
ONE GOOD SOLID PRESS RELEASE on sales is all NPHC needs to kick into a higher gear and restore some confidence.
Investors have been waiting for that catalyst for well over a year now.
At the very least we should hear about progress on the Covenant #5 and LaNina #2 wells in the next few days. They are both VIRGIN wells and can take a little extra time to get them online. they have to use saltwater to pump the sand down to fracture the rock. then then pump out the water. As the water comes up it brings oil as well. As the water percentage decrease and the oil percentage increases of what they are pumping up they move closer to putting oil in trucks and selling it.
That is when they can put it out in a news release.
PEII is very thin up to .05. News will make this baby fly
From what I have read there is news expected by the end of the week and most companies stay away from Friday press releases. So probably next 2 days is most likely scenario.
keys to a winner version 2.0
1)good product (check)
2)marketing (check)
3)profit (maybe ?????)
4) announce your progress via press releases so investment community is aware (still waiting)
No Way. PEII is not selling stock. What do you have to back up that statement? Asher is the seller . look at their track record.
PEII rocketed out of the gate this morning and traded 175% above the open on record volume.
This one is an undiscovered gem and we did not anticipate the type of movement that this one showed already. It looks as though we saw some market makers covering their short position when it took off out of the gate.
Level 2 is thin and the float is tiny so trade carefully.
Remember, this is a news play which is still developing.
PEII is a perfect storm of a tiny float, low pps, potential market makers that are short and an anticipated news announcement. It doesn't get more exciting than this!
Recently, we preformed completion operations on our Covenant #5 and LaNina #2 wells, operations involved acid stimulation treatments on both wells. After swab test were ran on each well the test returns yielded oil. These results are very positive and allow us to move to the next stage of completion which is scheduled for Friday. We have scheduled sand fracture stimulation treatments on each well for Friday. We expect to report production results in the next 10 days.
This is from their last release: http://finance.yahoo.com/news/petron-energy-ii-inc-announces-140000964.html
We are waiting for this announcement and are hoping that it could be a real blockbuster.
Base on what the CEO said, News could be any day and we could see PEII at much higher levels.
Watch for updates and a potential sub-penny play after the close tomorrow.
I got this alert this afternoon!!!!!!!!
NO NEWS SINCE JUNE 24TH? what gives
Pennystock rule #1 no news is bad news!
PEII production news on 2 wells is expected to be out by end of THIS WEEK!!!!!
IT COULD BE HUGE THEY ARE VIRGIN WELLS
I care about where the stock is when i sell it. i do not sit and cry about where the stock trades or where the bid is every 10 seconds.
i looked it up. stocks trade. they go up and down. when it goes up i will sell.
when it goes down i will not cry since i an the one who decided to buy it.
i am accountable for my own trades and my own actions.
noble idea huh?
HERE IS THE INFO ON PRODUCTION NEWS FROM LAST PR on JULY 11
"Recently, we preformed completion operations on our Covenant #5 and LaNina #2 wells, operations involved acid stimulation treatments on both wells. After swab test were ran on each well the test returns yielded oil. These results are very positive and allow us to move to the next stage of completion which is scheduled for Friday. We have scheduled sand fracture stimulation treatments on each well for Friday. We expect to report production results in the next 10 days.
"
NEWS LINK >>>>> http://finance.yahoo.com/news/petron-energy-ii-inc-announces-140000964.html
Production results from 2 virgin wells are expected later this week. It appears they might be huge finds. I think people are hearing this and taking a shot that the stock could take a huge run if those numbers are big.
There is 1 order (4.08 mil shares) being sold through market maker CSTI @ .0054. That is approx. $22K worth of stock. After that Level 2 looks much thinner up to and over .01. If they clear out that seller and put out some decent news the stock will run.
And no I am not Rik Dietsch, but I did stay at a Holiday Inn Express last night.
"inability to raise financing" you nailed it bro. i have been hearing fairy tales of funding since i met the CEO in Vegas and he tried to convince me to buy stock at .12 because funding would be in in a few months. That was 2 years ago. Still no funding.
I think they are getting the 2 new wells pumping fluid out and expecting to put news put next week from what I read in the last press release.
Could be big producing wells from what I am hearing. These 2 wells are virgin wells not secondary completion, which is their main business model.
FINGERS CROSSED !!!!!!!!!!!!!!!!!
You are right. i think they try to have their name left out because everyone knows they are toxic and what they do to the socks they get involved with.
The purpose of this board is to discuss pennystocks that are funded by Asher enterprises and other toxic finanace companys and the effects they can have of the price per share.
You decide whether or not you want to run away or stay and play.
you may also vent and tell stories of the last crAsher stock you were in, or are currently in.
Asher Enterprises, Inc - toxic debt financier
Has Asher Enterprises Inc become the most common and most toxic of the penny stock financiers?
Over the past several months I have seen Asher Enterprises Inc show up in more and more penny stock filings.
Doing a search through SEC reporting companies brings up the name Asher Enterprises Inc almost 800 times since March of 2010
http://searchwww.sec.gov/EDGARFSClient/jsp/EDGAR_MainAccess.jsp?search_text=%22Asher%20Enterprises%2C%20Inc%22&isAdv=false
Asher Enterprises, Inc is a toxic debt financing company domiciled in Delaware, located in New York, and run by Curt Kramer.
ASHER ENTERPRISES, INC.
1 Linden Pl., Suite 207
Great Neck, NY. 11021
Curt Kramer, President
People may recognize the name Curt Kramer from Mazuma Holding Inc and Mazuma Funding Corp. Mazuma ran out of the same office as Asher Enterprises, Inc. While involved with Mazuma, Curt Kramer and his partner Charlie Mayo helped finance several penny stock scam companies.
Asher Enterprises Inc usually gets involved in smaller sized financing agreements that do not require S-1 filings. Common factors in Asher Enterprises Inc financing agreements are really high interest rates and especially ugly conversion ratios. The terms of most Asher Enterprises Inc Notes allow Asher to convert their debt into free trading shares at a 60% discount to the 3 worst closing prices over the previous 10 trading days. Taking the 3 worst closing prices over the previous 10 trading days can often translate into Asher Enterprises Inc getting their shares at well below half of the market price.
These kind of toxic debt arrangements are the most damaging type of financing arrangements because of the high amount of interest the Notes accumulate and the huge discounts given on the shares issued to the Note holder.
The lower the share price goes the more profitable these toxic debt agreements become for the Note holder like Asher Enterprises Inc. Because of this there is incentive for the Note holder to short the stock to drive down the price before converting the Note into free trading shares. After converting the Note into shares the interest changes to pumping the stock to attract buyers to try to sell those shares at as high a price as possible. The Note holder will often times pay for a promotion to facilitate the dumping of their shares. This brings in unsuspecting investors who have no idea they are about to get dumped on probably causing them great losses.
The dumping of these super discount shares drives down the share price of the stock. The lower the share price goes the harder it becomes for the company to raise capital forcing the company to seek out more toxic financing agreements. The lower the share price goes the more discounted shares have to be issued to settle these toxic debts in the future. The company is now trapped in a toxic death cycle. Once a company signs a toxic financing agreement like the type that Asher Enterprises Inc offers there is usually no escaping the inevitable toxic death cycle after that. The outstanding share count will continue to go up and the share price will continue to go down.
It is for this reason that all investors (whether short term flippers or long term investors) need to learn to read filings and recognize toxic financing agreements. Look for convertible debt Notes and look at the terms of those Notes.
Unfortunately not all penny stocks are fully reporting. For non-reporting companies there is usually no way to know if the company is involved in a toxic financing arrangement. This is one of the reasons that non-reporting companies are so risky. You never know when dilution is going to be a major factor in destroying the share price.
Not every toxic Note holder has an easily recognizable name like Asher Enterprises Inc or Lionheart Associates LLC or JMJ Financial or Tangiers Investors LP or NIR Group. Sometimes it is the insiders of the company (former officers/directors, current officers/directors, friends and relatives of former or current officers/directors, etc) that set up toxic convertible debt Notes for their own self enrichment.
Any time you see a convertible debt Note show up in a company filing you better be well aware of when the Note holder received that debt Note and when that Note can start being converted into discounted free trading shares. All convertible debt Notes are red flags for future dilution.
Hopefully some of the changes that come out of the recent SEC Roundtable on the Execution, Clearance and Settlement of Microcap Securities will help curve these self enrichment scams that involve insider owned Toxic debt Notes and also prevent the market manipulation that so often comes with all Toxic financing agreements like the ones offered by Asher Enterprises Inc.
i did not write this, here is where i got this from:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68247638
Asher never allows their name to be put in the 10Q. They are the convertible note holder. They are deceptive creeps who rely on predatory lending practices and them short stocks to be able to get more stock. its all over the internet if you search Asher Enterprises.
my opinion of course
whatever
The only other conclusion is that Asher's market makers (VERT AND ATDF) are illegally naked shorting PEII stock on the presumption that Asher will be able to deliver the naked shorted shares upon his conversion of the rest of his shares. But I highly doubt any market maker would take on such a supremely high-risk maneuver by shorting a stock with intense public interest to the tune of millions of shares, for several weeks, until they can cover. That would be illegal and suicidal. That is not simply performing the function of "making a market", which market makers are supposed to do, but actively naked shorting a stock for profit on behalf of a customer until said customer can deliver the shares and cover the short. Moreover, this would put Asher over the 10% "affiliate" rule which means the market makers would be selling restricted insider shares, which is patently illegal.
From another board and poster
SEC, FINRA have been notified of possible illegal naked short selling. I think it is being done by Asher through VERT. It looks like they sell short and promise to deliver on future conversion from what I have read .I believe it is being investigated. I think they do it offshore but market makers can still be held accountable.
all posts are my opinion.
The S-1 was submitted on June 13. When it is accepted there will be a press release. Then they can put out news again. while it is being reviewed, they can not make material announcements without amending the S-1 so they are a kind of quiet period.