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Harleyboy,
For YOUR information, I did not share that information with you or anyone else. Please allow me to set the record straight! I went back and looked at that Aug. 5th post and while it has my username on it, I NEVER WROTE IT!!! I don't know how that happened, but there is NO way that I have or have ever had that kind of information. I don't believe any of it either, and am shocked and wondering how this post somehow got my username attached to it.
I am a shareholder like many other bloggers on here are. I come to this blog for useful information. I do not have access to that kind of information. I've never met Mr. Hawkins nor have I ever spoken to him. And I CERTAINLY have never stated what he was, or was not aware of. That's not for me to do. I SIMPLY DON'T KNOW WHAT HE IS OR IS NOT AWARE OF! And if I were, I would NEVER post anything like that on an open blog. That's not even my style of writing. "OK Everyone..." I don't open post like that. You can read ANY of my former post to see that that post is TOTALLY out character with how I post and what I've said and even how I talk. I don't say things to hurt the company. I believe in Petro America Corp and the things that it stands for.
There's absolutely NO WAY that I would EVER say that we owned worthless shares from a company that was now defunct. I've never even heard that until now! I know nothing about a Petro of Illonis company that went defunct, nor did I ever say stockbrokers said that we own worthless stock.
I DON'T KNOW WHO WROTE THAT, OR HOW IT HAS MY USERNAME ON IT, BUT AGAIN, I DID NOT WRITE IT.
Harleyboy, I apologize to you for calling you self righteous and condencending. Those were judgement calls, and I am really trying to live by the golden rule, "Judge not, least ye be judged." Please accept my apology. I just didn't need Baghdad Iceman telling me what you do is for all of us. I beg to differ.
Hello,
I am an Iraqi dinar investor and am new to this dinar forum. Like everyone else, I am looking for reliable intel on the Internet.
I was disappoinetd to learn that Medic worked for Ali and was therefore a compromised source of intel for the dinar revaluation.
Do you or anyone else know where reliable intel is on the net regarding the dinar revaluation?
Sure will, I will be glad to help you in anyway that I can. That's what it's truly all about.
Being human, I don't see how you can say if you bail out now, you will not have any regrets if you have to come back at a higher price.
I've done that on several occassions and was mad at myself for doing so. One example was STMP. I got in at .03 some years ago. It took a few years, but today it's at $9.40. Lucent Technologies was another one. It was under a nickel when I bought it a few years ago. Although it's not trading now, it climbed to $2.55.
I know I regreted both of those decisions, and a few others. And of course, like most investors, I've had a few penny stocks that did not go anywhere. It's a gamble, but with Petro, I think it's one that we will win with.
Buying penny stocks really requires patience. I've learned that by selling too quickly and loosing a lot of money that I could have made had I stayed the course.
And it's interesting that your broker is now trying to encourage you not to sell. Has he/she heard or read something that has now made them change their mind on PTRZ?
I'm sorry, I can't answer your question. I only know what is being shared on the conference calls, and they have not addressed that. And as someone else reminded me, I could not disclose it anyway.
We all have these questions, and we all want this to have happened yesterday, but it's just going to take a little more time. I believe that everything will be revealed soon.
I agree with the blogger that stated Petro has to be careful of what names and companies they release, least thousands of investors start calling and visiting these peoples companies demanding answers.
Of course, it would be nice if Petro would be a little more forthcoming, but at this juncture, they are choosing not to and I believe that it's only to protect the company from those that are trying to sabotage their efforts. There are people that do not want to see this happen. All we can do is wait, or take our money elsewhere as you have chosen to do. I am in it for the long haul.
You are right. But I was careful to not disclose anything that the "haters" could use against Petro, but I will not disclose anything from any future calls again.
I only wanted for people who had been asking "Who is Johnny" to know his sincerity and his tireless efforts to make Petro America Corp a company that can and will make a difference in the lives of it's investors and then people that are suffering around the world.
I wouldn't throw in the chips just yet. We had an EXCELLENT call last night. For those who had been asking, on a following call after Mr. Hawkins, Johnny told who is was and what his relationship to Petro America was.
Everything is real, and we are about to be very very happy for having stayed the course. Johnny said Petro America is going to be bigger than Microsoft. He acknowledged that he knows many people are hurting, loosing their homes etc., but to just try to continue to be patient, it wll not be for naught. His personal story was VERY moving. He has put so much into seeing that Petro is a huge success and I think that his personal dream is to see not only the little guy finally have a piece of the pie, but the humanitarian projects that will come out of Petro are going to change some of the most dire, stricken and impoverished countries in the world.
Johnny explained how some years ago, he had a near death experience and found so beautiful a life beyond this one, that he did not want to come back. He told a lady of light that he did not want to return unless he could make a difference in peoples lives. He was brought back and eventually acquired the means to do just that. Our lives are about to be changed in ways we never thought possible. All we have to do is hold on and not forget to help someone less fortunate when we receive our well deserved blessings. We did not come into the awareness of Petro America by accident. Everyone who has invested in Petro America is meant to be here in this place and in this time. There are no accidents in the universe.
Both Mr. Hawkins and Johnny are hoping that everything is a done deal by Christmas. Let's send it our postive thoughts to bring that about. Our thoughts creates our realities. I KNOW that I am a millionaire and I know that I am creating that reality.
Hang in there "Show Me The Money", I think that you will be very glad that you did.
I did not know those were the requirements for getting on the NASDAQ. I thought that the company had to have their 15C211 completed and have shares that were selling at a minimum share price point of $2.00 or so. I will go to the NASDAQ website and do some apparently needed research.
Why then did they hire a market maker, and are trying to get commitments of how many shares investors want to allocate to the trade of strips and coupons and are working with a loan company for investors to secure loans against their shares if the company still has to wait for three years to get on the NASDAQ? When they can show a few hundreds of billions of dollars in assets, wouldn't that negate the need to show three years of net profit requirement?
Thank you for that point. They probably are not naming the specific bank at this time for obvious reasons. Investors inundated the TA's office with calls. They probably don't want that to happen again.
From what I heard on the calls, the 280 million dollars has been secured from the World Bullion Bank for the oil contracts.
This is just my opinion, but I think that all we are now waiting for is for the stock to move to the NASDAQ. I can't imagine Mr. Hawkins sending out certs for 5200 investors with the current price around .30. With the huge sell off that will insue, that could break the company. I think we will get the letters as soon as the stock moves to the NASDAQ. When it's trading between $5.00 to $10.00 a share, it can support the huge sell-off that will inevitably come. This should be any time now.
Of course they are encouraging us to hold on to some shares that can be used in the strips and coupons trades in 6 months time. But presently, at the current price per share, it can't support that huge a sell-off now. That's why I think that we do not have certs yet. Again, this is just my speculation. With the commitment of the World Bullion bank, I think we are VERY close now.
There was a little bit of new information on Thursday's call. Mr. Hawkins said that he had not received the data base back from Island Stock Transfer yet and that he expected that soon. He is suppose to give it his final approval and our stock should be transferable to our respective brokerage houses after that.
He also mentioned that we have a 280 million dollar commitment from some hedge funds. I believe that was for financing the oil contracts, but I am not sure. He said that Petro still had to come up with additional funds, I don't know how much.
He also said that those shareholders that still their original stock certificates that were sent out last year, were good. Some of us were asked to send ours back in. Please don't ask me why. It was never explained.
I don't really understand the statement about those old certs now being good. I thought that the old certificates were merely receipts, and I thought that the merger had to occur before we had access to the new certs.
Anyone desiring to explain any of this is welcome to.
Mauiblue,
That was beautifully stated. I concur completly. We must not be in a "need" mode, we must be in a "knowing" mode.
Here's to the start of a great trading day for PTRZ.
BECAUSE OUR THOUGHTS ARE ENERGY, LETS ALL PROJECT $1.00 FOR PTRZ TOMORROW! IF EVERYBODY VISUALIZES $1.00 FOR PTRZ TOMORROW, COLLECTIVELY WE CAN MAKE THIS HAPPEN!!!
Well there are enough of us that believe it WILL happen. Don't you realize that your thoughts creates your realities?
Just because we did not see anything happen today does not mean anything. The stock price is holding at .30. That's a good sign. It's been between .20 to .25 for a few weeks now. The merger will happen, the assets will be verified, this will go to the NASDAQ and we will make a lot of money on this stock.
Mr. Hawkins said he'll have more details for us on tomorrow night's call. Hang in there. It's right at our doorsteps.
You are welcome. Actually, I just take real good notes. Had to in college back in the day.
To Whomever wanted to know what was on the Conference call last night.
Mr. Owens thanked various people that have been instrumental in Petro's on going effort to bring everything about.
He then said that Petro has two transfer agents and that they are working on getting all of the details and putting the data base together. I assume to send the certs out. He said that one of the TA's were working with Petro Kansas.
He then said that they just got their CUSIP number and that the shares would be handled through the TA. He also said that we would get more details next week as they still need to get clearance through the DTC and 15C211 filed. (I thought that it was filed, but that is what he said).
He explained how much work is involved in this whole process for instance how the TA's have to be registered with the SEC including finger printing. He said that when you are dealing with regulatory agencies, that it's a lengthy and slow process.
So I think that we will get the details on next Thursday night's call about our shares and when we can sell them.
And I've already memtioned the African country that he said Petro can get 4 mil barrels of crude oil from and the interview tht he will be doing that CNN may pick up.
You said that "it dropped from .80 to .20 as soon as people could sell them." It dropped from .80 to .20 BECAUSE people were selling them. Yes, I suppose that some would interpret that as a tank.
But what is a very good sign that this is a stable investment is the fact that it did not go off the board. It did not go back to the .02 to .04 or below. It held it's own with continued selling throughout the subsequent weeks and months and even climbed a few times.
You are not looking at the assets that are yet to be reflected and the upcoming merger. That will take the price per share well above what it is now.
It's projected to go to around $5.00 a share when these two things happen, and far beyond that by year's end.
And Mr. Hawkins said on the conf call last night that this opportunity just came to him as of yesterday, to pick up 4 million barrels of crude oil because they were so impressed with Petro's humanitarian projects. This came out of an African country.
He also said that Inside Business is doing an interview with him, and that there is a possibility that it will be on CNN, and 10 regional spots.
Big things are starting to happen for Petro, and I am glad to be in the right place at the right time and to have kept the faith. It's about to pay off.
Yes, as far as I understand it, ASWD the public company, merged and became PTRZ. This was a couple of months ago.
I didn't say that Johnny could not explain strips and coupons. He has on several conference calls. I said that I could not explain them. On trading strips and coupons on the PTRZ shares, all I can remember is that he said something to the effect that it is actually placing covered calls or open puts.
And everybody thought that ASWD/PTRZ was going to tank when we were finally able to sell them, but it didn't. It has held pretty steady in spite of the huge sells and the overall market climate.
Everybody has been encouraged not to sell all of their shares immediately, and hopefully, this will allow it to level out, then start climbing after the initial sell-off.
Kingent,
I see what you are saying, but I think that the original investors, (100.00 for 100,000 shares) ARE the lucky ones. I wouldn't personally care if the merger happened before we got our certs, because we bought our shares at 1/10th of a penny and we own at least 100,000 shares. Anyone who recently bought, more power to them if they can cash some shares if the merger comes first and make a little money before the certs come out. It's just too much money for all to be had to be mad at anyone. We'll get ours and it'll be for a lot more because of the deal we got in on last year.
If we were smart, we bought some ASWD shares when they were at .02 to .04 and can also take advantage of a price surge with a merger. I know I did. I can sell some PTRZ shares anytime while I wait for the big mother lode.
My only concern now is will the funds be put into the depository trust company so that we can sell some shares when we get our certs next week. Remember how those of us who'd bought ASWD shares had to wait a couple of months before we could finally sell them?
When we get our certs next week, are we through with delays and can actually sell shares next week? That's my only question. I kinda think that's the case because Mr. Hawkins said on last weeks conf call, that he hope that as we liquified our shares, that we would still stay with Petro. Meaning he hopes that we don't sell all of our shares. So from that statement, I think that they will be saleable immediately. I sure hope so.
Many of us are in such a good positon, that we don't need to buy any more shares. I own 200,000. If it goes to $5.00 next week, that will be a million dollars. I know investors that are sitting with 500,000 shares and everything between and above.
And Johnny plans to start trading strips or coupouns on what shares we don't sell in 90 days after we go public. This is projected to bring us an additional 200% to 500% in interest annually. For anyone who may ask me, I cannot explain strips and coupons. All I know is that Johnny said that interest strips on our PTRZ shares will be traded in three markets, London, Hong Kong and U.S., and we stand to make the above quoted percentages that will be split 50/50 with the company.
So you see, those of us that bought the $l00.00 for 100,000 shares, do not need to purchase additional shares. We are going to make a lot of money on whatever initial shares we sell, then we will make an annual percentage on our remaining shares, through the coupons or strips trades that Johnny will be doing in the next 90 days, maybe less.
OUR SHIP IS ABOUT TO COME IN! WE DON'T NEED TO BUY ANY MORE SHARES!!!
No mention on last night's call about PTRZ's trading status.
Mr. Hawkins stated that they are in the process of acquiring two more mines and that the completion of the merger and certificates being sent out is still on target to happen in Sept.
He mentioned the almost daily challenges they face, and thanked the shareholders for their support and letters that they have sent to the President in behalf of Petro.
Time will tell
Thank you for your eloquent statements.
For all those that are jumping ship, I just found this:
Petro America Corp seeks other Gold Mine Opportunities
August 27, 2009
(EMAILWIRE.COM, August 27, 2009 ) - Kansas City Petro America Corp announced today that it will seek other gold mines and other mining opportunities. Over the past few months, Petro America has acquired two gold mines and a granite mine, and has began negotiations on two other gold mines. The Company has also acquired 24% interest in a California gold mine, with 1.7 million proven and probable ounces of gold, according to the valuation report by Kenneth N. Shonk, a 25 year certified geologist.
Management believes that the acquisition and future opportunities to acquire additional gold mines will create substantial value for its shareholders. Management is committed to creating shareholder value and our goal as a company is to win a Nobel Peace Prize.
Hopefully from the conference call tonight we will get some valuable information. I'm hoping it's something we can all sink our teeth into.
We've seen no trading days before for Petro. I don't know what's going on with that, but I wouldn't get scared. It'll be trading again.
I know that PTRZ is a publicly traded company. I think it was another blogger that you may have been thinking of.
I totally agree with you. As shareholders, we do have a right to know who the various companies that are coming on board are. No arguement there. I just gave what I think was a reason that they were not telling us. I didn't say that I thought that it was justified.
I'm not crazy about the way certain things has been done, but unfortunately, there is little to nothing that we can do but wait and see or sell your shares at .20 if you're holding some.
I choose to hold on because I think some huge things are coming down the pipe.
Folks just don't know.
I am hoping that Mr. Hawkins will soon start to put some of those advertising credits that he got from a major advertising agency to use and help make folks aware.
From your blog..."BTW- If you own a gold mine (or anything else they claim), you reveal the name and location so investors get can verify, get excited, and buy the stock."
Not if you have 6000+ investors that will start bum rushing the gold mine company. They would be inundated with calls. I think that Petro is trying to spare them that.
On the other matter in your blog, your question about shareholders selling to shareholders and stating that "is that not what they did with the 100,000 shares", no, I don 't believe that is what they did. Shareholders were not selling to shareholders. The company sold to shareholders.
I never doubted that they owned interest in all of these mines. Johnny, a multi millionaire in his own right, has brought these multi billion dollar deals to the Petro table. He claims to know major financiers including heads of banks around the world. I have no reason to not believe that. Who cares that they don't put news releases on the right wire services. In a few weeks, Wall Street analyst will be looking for news WHEREVER they can read it about Petro.
Mr. Hawkins has expressed his appreciation to Johnny for what Johnny has brought to Petro on previous conf calls. Owen Hawkins is deeply appreciative and Johnny is doing everything in his power to see that Petro America Corp. is the success that Petro's shareholders are anticipating.
Everyone will see, I believe it will all be verified by the auditors/accountants soon and we will see a huge jump in the price per share within weeks.
It sounds like Petro may have acquired a percentage of interest in this Arizona gold mine in exchange for a huge number of shares and now he wants to unload some of them for some quick cash.
I would talk to Marcia (Mr. Hawkisn assistant) and ask her to check with Mr. Hawkins about this. I don't know if shareholders can legally sell shares to others bbefore the certificates come out.
And how do you know that after he gets your money, he will have the shares transferred over to your name? If it's even allowable, it could be a risk that you will never see your
your certificates. Do you know this man well enough to trust him? This is assuming that you can even buy his shares now which I don't believe that you can.
This sounds like a strange story to me.
Yellowbird, Thank you for your positive comments. Mr. Hawkins is new to hosting the conf calls and has a lot of other things on his plate. He said he's working 24/7 to get everything done. I'd like to hear an update but getting the assets verified and reflected on the books, is a much higher priority than our conf calls.
Thank you for that reminder. It's going to pay off for all us.
Marcia said that they are rescheduling the Petro conference call for Monday evening.
She also said that everything is still on target for the middle of Sept.
Okay, thanks. Please let us know what you find out.
I am calling Marcia at Petro, to either call her or e-mail her about this problem that they are having with their phone system with Mr. Hawkins. She usually likes to receive e-mails which I think she then forwards to Mr. Hawkins. I just lost her e-mail address.
I think that they were suppose to have a call last night because Joy sent an e-mail notification out for a conf call update by Mr. Hawkins for last night. If it occurred, I want to know what he said.
This problem of not being able to get in on the calls has happened to me several times and also to other investors and it's very frustrating.
Everything is suppose to be done by the middle of next month, with our certificates going out, merger complete, assets on books, etc., and I would like to know if they are still on track for that to happen at that time.
I'll post anything that I learn.
Did anyone get on the conference call for Petro last night? I tried several times but could not get in. I know of a couple of other investors that had the same experience. I'd love to hear what was shared if anyone was on Thursday nights conf call.
Thanks
You're right, it is flat.
I'm happy because I put in a limit order this morning at .20 and it filled. Now that it's back at .25, I'm in profit.
It's been holding pretty good, so hopefully it's onward and up-wards from here. But right now, there's little morsels to be taken along the way.
WOW! Look at today's volume. Looks like all of the selling dust has settled from earlier in the week and people are buying.
It's UP UP UP from here!
It alwsays feels good to take some cash off the table, and have some left on the table to see what happens.
I hope it's bottomed out with all of Monday's sellers, and now we can start seeing an up trend.
We'll see.....
I don't expect any problems. Scottrade said they'll send me a check in 3 to 5 days.
I'm ashame to say, I sold when it dropped to .20 a share early this morning. I was afraid that it would get to a dime or lower. I wish I had just waited because it climbed up to .40. I could have made twice as much had I just been patient and continued to watch the price. At lease I did not sell all of my shares.
Scottrade is allowing selling of ASWD shares. I just sold half of mine, and am watching the share price this week. It's getting exciting!!!