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Thats what I was thinking.... I hope so.
Might have good news about s1.
S1 amendment was filed with 10k.
$393,268 (collectively the "Debt Securities") that the Institutional Investor acquired from TCA Global Credit Master Fund L.P. ("TCA").
Pursuant to the Agreement and subject to its terms and conditions, the Institutional Investor has agreed to exchange the Debt Securities for shares of the Company's common stock, $0.0001 par value per share (the "Common Stock"), in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act") and Rule 144(d)(3)(ii) of the Securities Act, as promulgated by the United States Securities and Exchange Commission (the "SEC") under the Securities Act. The number of Common Stock shares issuable to the Institutional Investor upon exchange of the Debt Securities shall be determined by dividing the "Exchange Amount" (as defined in the Agreement) by the "Exchange Price" (as defined in the Agreement). The Institutional Investor shall receive 30,303,030 shares in exchange for the initial Exchange Amount of Debt Securities exchanged by the Institutional Investor pursuant to the Agreement and shall exchange the remaining Debt Securities at its sole option from time to time.
Wow ! You vant twist that .275k of the debt is gone
118k is left
$393,268 (collectively the "Debt Securities") that the Institutional Investor acquired from TCA Global Credit Master Fund L.P. ("TCA").
Pursuant to the Agreement and subject to its terms and conditions, the Institutional Investor has agreed to exchange the Debt Securities for shares of the Company's common stock, $0.0001 par value per share (the "Common Stock"), in reliance on the exemption from regregistrationistration provided by Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act") and Rule 144(d)(3)(ii) of the Securities Act, as promulgated by the United States Securities and Exchange Commission (the "SEC") under the Securities Act. The number of Common Stock shares issuable to the Institutional Investor upon exchange of the Debt Securities shall be determined by dividing the "Exchange Amount" (as defined in the Agreement) by the "Exchange Price" (as defined in the Agreement). The Institutional Investor shall receive 30,303,030 shares in exchange for the initial Exchange Amount of Debt Securities exchanged by the Institutional Investor pursuant to the Agreement and shall exchange the remaining Debt Securities at its sole option from time to time.
Look at it this way
393k total debt . 30m shares given to debtor.
275 k settled for 30m shares given
118k debt left
Does that help..
Your way
30k goes into 275k = 9 times
peii would have issue 270m shares
Which 8k is clear peii issued 30m for 393k debt
Exchange Amount”); (II) the total dollar amount of the Creditor’s accrued and unpaid legal fees and expenses then outstanding, which shall not exceed the sum of (x) $30,000 (less $5,000 paid
I only have 5 posts per day
I have to say. Lol good one arkdave..lol
That 30k is the charge to do transaction
Then you have agent fees 75k
Original debt 270k.
You need to check your figures
393k debt for 30m shares
With additional 118k debt to be transferred later .
To the finish line !!!!! Production
OIL!!!!
394k debt divided by 30m = .01
8k out
30m shares for 380k debt
Omne said that friday but it didnt happen in ah like he said.......
Our OTC Stock, PEII
Outstanding Shares as of 4/05/2014
1,829,645,567
She has several aliases she wont stop .
Just ignore....
Par value stock has no relation to market value and, as a concept, is somewhat archaic. The par value of a share of stock is the value stated in the corporate charter below which shares of that class cannot be sold upon initial offering; the issuing company promises not to issue further shares below par value, so investors can be confident that no one else will receive a more favorable issue price. Thus, par value is the nominal value of a security which is determined by the issuing company to be its minimum price.
Lol Glty!!! Go Peii
Do you believe s1 will be approved and 10m finance?
Excellent post!!! Thank You
Floyd has to keep money flowing My fear is how much dilution does he need ?
True! Glty
Philly penny stocks are risky...it is possible s1 will not be approved
Brya has good point. It is possible floyd made enough in dilution to create production which is key.
It might be worth putting profits back in and let it ride...
Production is key.........
Besides it should go up since I sold .
.lol
Brya I will be watching. I just dont know. We need telsa 's dd..lol
I do believe that production will make it fly. I just lost my nerve hearing 10k being late. Something is not right.
I wish the best to ya..
I wish you the best. I made money with this stock. I hope s1 is approved. I will be watching I believe they will get production by end of year some how....
The longs know what I am talking about.
If you do your dd youll notice how bakken deal was set to close. And pumped up like it was sure. Thing.... meanwhile a billion shares was diluted.
No drama here glty
Had to get out.
10k delay
Floyd diluted 50m the other day
s1 delayed which is most important to proceed..... feels like Bakken deal again...
Glta.
Lol 3 month chart looks great . Very surprised.
Why isn't this stock jumping??
S1 approval is everything. If its not approved this will tank... peii will have to dilute 10 billion shares...
Check mario and naz..... figure it out
You have to be kidding talking to yourself...lol
Boo-yah!!!!
Yes lets go baby!!!
Tell nite to get out of the way ..lol
Looks like .0024 coming up
Looks like it wants to go.....