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I've got a sell order in for $70. Should I pull it back now that the stock is climbing?
For future reference, if.... uh, when they do the next 9706:1 reverse split, will my current 11 shares equal 1(one) or 0 (zero) shares? Just trying to figure out if I'll be rid of this pig or still be stuck with something which will cost more to get rid of rather than keep.
Are we in for a new name change already?
The ink on the pasted over sticker on that UYMG PTOG certificate hasn't even dried yet. Now you go to PTOG's <cough cough> corporate web page and click on the CONTACT US page and you get two new numbers (and no PR firm listing.)
The first number, that for Investor Relations, goes to a primative out of the box and barely personalized voicemail system. Leave a message or enter the extension (not available) 888-568-7111
The other number, that for CONTACT/OPPORTUNITIESgets us a different voiced barely personalized turnkey voicemail system for Pangean Energy. Toll Free: 888.987.5738.
Is this a upcoming name/stock change in the works, or did Pangean president Bart Sweazea pick up the <cough cough> assets of PTOG and is going to run with them... perhaps by first thinning the herd with a reverse split to accomplish a reverse takeover of PTOG?
"Bart Sweazea also enjoys working in the oil and gas industry because the potential for having a high paying job is great. Bart Sweazea knows first hand that as long as you work hard and show dedication, you will be rewarded with promotions and pay raises."
Let's hope that Bart believe that us stockholders have been banged around enough and also deserve rewards from our dedication for hanging with this dead sweat rag.
[that little quoted bit from post #25861 in this forum.]
Mad Man, please refute the "lies" with facts, if you have them. Don't just tell me the moon is a bright orange ball of flame, prove it. Show us the real facts on PTOG if you claim what we have to go on are lies. Do you want me to post the audio of Mike Porter stating that he is no longer representing PTOG? I do have it.
Nope, I left my number public... well, although I used my house phone, it was ID'd as a number where I can sort by calling number and even have a personal outgoing VMail message for particular numbers such as Jerry Miller, the PetroTech "consultant" or even Mike Oliver himself... if I don't just have it set up to forward him to the SEC.
I would like to know why Michael Porter dropped PTOG. He was listed in their May 16 PR, but then he's still listed on their website as well.
Pursuant to the information I received today from Michael Porter, I did notate on the Information Box for PTOG in iHub, that Porter, LeVay and Rose are no longer representing PTOG. I did leave the original mention in there, but being that it is in error, I felt it needed to be notated. If PTOG would like to get in touch with me with the new Investor Relations sucker, I'll happily update that erroneous information. I'm not even going to post J. Miller's info which I got from Michael Porter since another moderator is being a bit touchy about certain privacy information being posted about our core manipulators of this stock.
Oh, I called Miller, all the while knowing I wasn't going to get anywhere... but then again, I'm the sort who will keep Rachel from Cardmember Services on the phone for half an hour... But anyway, Miller sounded like a kid, I almost wanted to ask if his daddy was home.
Miller said he has no idea why Michael Porter would give out his name because he is just a consultant. I was unable to squeeze out what sort of consultant, not even getting an answer to "consultant for the stock, or for the oil process?" He claimed he couldn't violate some sort of privacy agreement.
He told me the contacts are on the web site, and I said I can't trust the web site. With the Porter info incorrect I can only assume it all is erroneous data. He hemmed and hawed and tried to protest my suggestions that it might all be a fraud. He tried to once again claim that the fACTS ARE ALL ON THE WEBSITE, TO WHICH i SAID THAT SOME HAVE ALREADY BEEN PROVEN AS FALSE, SO HOW CAN i BE EXPECTED TO TRUST THE REST. (sorry, cap lock, but I'll leave it. I'm pissed at these scam artists.)
I just assumed that that was attributed to their usual slow filings. Heck, I'm not counting on seeing any PTOG filings until a few months after they've crashed the PTOG ticker symbol into the ground... that will probably be when they are trying to recruit a whole new cowd of suckers for the new ticker venture.
Michael Porter returned my call. Michael Porter is whom PTOG claims is the investor relations handling their account. Mike Porter stated that he no longer represents PTOG.
Mike Porter says that if you want information, contact Jerry Miller at 305-450-9535.
How may "followers" get the Investor Relations Newsletter from PTOG?
Just called the number too... an answering service who "thought" Mike was in then realized he was not... so I left a message on his voicemail mentioning that their investor relations are broken and asking if something was wrong with their company.
Any bets on if he'll return my call? What odds are you offering? 2233:1? I seriously doubt that this stock has any investor relations. PTOG appears to be just a bunch of used up tepid gas in a bloated sack.
Provide it to stockholders? HA!
If you go to the PTOG website to sign up for the stockholder newsletter, you will find it broke. If you fill out a contact memo to investor relations on that page, you will find that you will get no response.
Pay no attention to the man behind the curtain, because he is ignoring you.
I agree. LOTS of potential. In physics, when you talk about potential, it usually involves how far something can fall. PTOG is now about 8 cents a share. This pig in a poke has been much lower than that before they reset it for this current life cycle. Lots of potential from .08 to .00001.
Once that potential is taken up, PTOG will form for another reset and perhaps another stock split in the reverse somehow making the share price look so much higher, but only because they combined shares to make it so.
If you are going to play this stock, you've got to play it tight. In the previous incarnations, you will continue to get some upwards spikes followed by the inevitable drop.
It's just the way they play this, because in order for them to entice buyers to buy PTOG, they need to show some recent upturns, and allow the buyer to get in on a low, then the tease going up, plug in som promo pieces and chearleaders, then another drop, a bit lower... then a rise, but not as high as the rise before, then a low when the people from a few swings earlier decide to jump and cut their losses... all the more shares for Mikey to resell on the next up/down/up/down/down stroke.
This stock might make it above a dime one, perhaps two more times, but by the time a month has past, it will be under a penny, perhaps near 1/10 of a cent. It's the life cycle of this shell now known as PTOG.
Good luck. Buy low and sell high... the very first high, because the next high may not be higher than the low where you bought it.
PTOG *IS* UYMG. I suggest you check the history of this stock.
http://www.prnewswire.com/news-releases/unity-management-group-inc-changes-name-to-petrotech-oil--gas-inc-201257381.html
EAST HANOVER, N.J., April 3, 2013 /PRNewswire/ -- PetroTech Oil and Gas, Inc., (OTC Pink: PTOG), an oil and gas property acquisition and services company announced that it has legally changed its name From Unity Management Group Inc. to PetroTech OIL & GAS, INC. and its stock ticker symbol has been changed to "PTOG". The company previously acquired Unity Management Group, Inc., (OTC Pink: "UYMG") through a reverse merger transaction on February 11, 2013. The new name more accurately reflects the company's business focus and investments in the energy industry.
A new CUSIP number of 71677C 106 has been assigned to the Company's common stock. Outstanding stock certificates and warrants for shares of the Company's common stock are not affected by the name change; they will continue to be valid and need not be exchanged.
Edward Schilb , President of PetroTech commented, "By acquiring Unity it gives us the ability to access growth capital in the public markets while obtaining higher asset values for our properties. We are seeing a significant number of exciting opportunities to grow our company. Our expertise and technology gives us the ability to re-work over 100 shallow shut-in wells on our properties and significantly their increase oil production. Historically, these wells have been productive assets and we are confident that we can improve their current production value and profitability. We look forward to building our business and becoming a significant player in the oil and gas industry."
About PetroTech
Petrotech Oil and Gas, Inc. uses multiple patent technologies for Enhanced Oil Recovery and in some cases will use their new pumping system co developed by Petrotech. We will use this patented technology with other proven technologies currently used in the industry to drill, complete equip new drill wells and older wells with secondary production opportunities. Throughout the United States there are primary depleted oil reservoirs representing billions of barrels of oil that lend themselves to the use and exploitation of Enhanced Oil Recovery and PetroTech Oil and Gas, Inc.'s proven patented technology. Without EOR technology, these reservoirs will produce only about 20% of their Original Oil in Place. Gas injection EOR is a proven method that has been in use over the last 50 years in the oil fields of West Texas, Kansas, Oklahoma, Michigan, Wyoming and Oklahoma.
Starting in the late 1990's we started researching various EOR methods and sources of gases and mixtures of gases to find an alternative gas to pure CO2 for EOR. In doing so, we found that a N2-CO2 mixture was 2-3 times more efficient than CO2 in the recovery of stranded oil. Recently we have been introduced to a patented exhaust unit that was more efficient than regular CO2. A new prototype of that equipment was then built for injection purposes; and is in the process of being further developed for commercial use.
We have analyzed the different types of oil producing reservoirs in most of the major geological basins in the United States and have determined that the use of our process and method will enhanced the recovery of stranded oil reserves in these areas that otherwise may never be produced.
The pinnacle reefs, other reefs in Texas make excellent reservoirs for EOR because they are compact, have consistent reservoir properties, thick pay columns, and are overlain by an impermeable cap seal. However other formations have responded favorably as well. These reservoirs represent over 300 million barrels of recoverable stranded oil using our patented method and technology.
CO2 floods have been successful on the reefs in the US with rates as high as 1000 BOPD. Our process will have a major impact on the recovery of stranded oil in U.S. basins. This statement is based on the fact that we have an unlimited source of gas and we do not need an expensive infrastructure to transport the gas. Plus the fact that it is proven that a mixture of CO2 and N2 is more efficient than CO2 in some trials.
The cost and recovery of a project will be dependent on size of structure and depth; the cost will range depending on type of formation and type of treatment design. Hopefully, per project we will capture an additional 20% to 40% of oil in place. Attempting to do this in a period of 5 years as opposed to the original 20% of oil that has already been produced; which may have taken ten to twenty years. Each successful project is estimated to have a six to twelve month payout.
For more information please go to our websites which can be found at:
http://petrotechog.com
Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Investor Relations
Lucille Belo
Chief Operating Officer
Porter, LeVay & Rose, Inc.
212-564-4700
SOURCE PetroTech Oil and Gas, Inc.
I looked back on an 8 mo old UYMG paper, and there were 40 shareholders of record. Any idea how many of those were holders of common shares which devalued 1/2233 as they became PTOG shareholders?
It might be wist to care about before, since the puppeteers are the same, only the name, PTOG has changed from UYMG, which was already starting to do oil (vapor) recovery as UYMG when the tablet business dissolved on them... or actually they figured out that prospective buyers weren't, so they changed midstream to make it look like they found a new profitable venture... then they drove use right into the ground with 1/2233 of a parachute.
Not all of that $200K is Mikey's money though. He has to pay he pumpers who brought in the PTOG share buyers, although I'm sure it's going to be worth their effort... What did it drop today... and now watch tomorrow and they'll sell lots more because people will be trying to to some cost averaging and thinking that the $0.10 is a low, will plop down much more, then watch it drop lowere... been there, done that. I'm just surprised that they're moving so fast on cashin out this edition of this shell.
I'm guessing that within six months PTOG will be issuing another split... reverse that is, and then coming up with some sort of program for recovering water from old water wells by pumping in air... or something like that. I'm sure that a many of the people convinced that this stock is going somewhere beneficial to them will be sitting back like us elders of the 271 followers just wanting to observe it once again from a somewhat indifferent viewpoint, indifferent because although you may still have money in this pig, you will be resigned to the idea that there is nothing you can do other than watch it burn.
Question, what does a 2233:1 do to 11 shares, zero or one? I may be out next RS.
This is a forum to discus ALL aspects of this stock. If it is discussing possible sleazy happenings behind the scenes, that is as much on the topic as the big and wild dreams of big money coming out of the wellhead.
If someone is suspicious of the promoters, that is ON TOPIC. It all has to do about the investor's money, be it in danger from fraud or in the path of big wins from someone's dreams.
Ernie, I'm thinking Bart is too busy as president of Pangean Energy where he has to keep p his daily blog image, to be messing around with PTOG.
http://bartsweazea.wordpress.com/
If you are a premium member on LinkedIn, you might try writing him. Although he is a 3rd degree connection of mine, I can't write him since I'm a basic member and used up my introduction requests.
http://www.linkedin.com/profile/view?id=134457652&authType=OUT_OF_NETWORK&authToken=IwQ4&locale=en_US&srchid=1381828551369274680934&srchindex=2&srchtotal=3&trk=vsrp_people_res_name&trkInfo=VSRPsearchId%3A1381828551369274680934%2CVSRPtargetId%3A134457652%2CVSRPcmpt%3Aprimary
And now a little voyage into the past on this stock. It's not a winner yet. What other stocks have this structure? At $0.0004/share, then it will be a big winner... and no, the stock didn't do all that climbing on it's own to where we are today. A tiny little 2233:1 adjustment of attitude in the shareholders holding this commodity of vapor and shallow promises (spelled wild dreaming) brought this stock to where it sits right now... that and the captain of the ship who is perhaps less qualified than Joseph Hazelwood in charting this stock along a safe and productive path. The Exxon Valdez didn't go under, it just caused a lot of stink, but I have faith in our skipper and crew that PTOG will not sink, but dive like a lead balloon past the penny mark, but that's just my opinion judging from the past. Every time this stock has morphed, I lost money and never made any, and I don't expect to either, unless they make a mistake like they made in the past, and if they do, I'm offering my shares up for a mere $70... each. I think I have just as much chance of that as you dreamers do of this stock getting above a buck. (which if it get's to a buck, then 7o bucks is just around the corner and I'll be counting my moolah.
Hey Cyclone 101, Someone previously asked about any disclaimers you might be required to supply, perhaps in that you are asking then citing "rumors" on the PTOG stock while appearing to host a hotpicks list. While that post was deleted by a mod for being off topic, it just lacked to draw a black magic marker line from the topic to the post, assuming the mod who deleted it would see the correlation.
I therefore ask the same question, that if you are receiving any sort of compensation for keeping this PTOG stock in high profile, are you required to tag your posts with such disclaimers stating you possible conflict of interest? I'm not sure how the SEC looks upon these sorts of mistakes, but I know that the FTC hunts down bloggers who do the same sort of plugging without disclaimer.
And for the sake of the one mod who can't see the on-topic nature of a bref reply, I suggest that rather than a single line querry response to the poster, you restate the topic and then supply the response so there is no doubt.
Don't confuse my skepticism and curiosity of where this stock is heading next as me being a loyal follower. I haven't seen anything which positions this stock as anything different that it was in it's last incarnation as UYMG.
I can believe it. Before they reloaded this stock with the 2233:1 reverse split, it was in the triple zeros of penny land... If you put the 2233 against the current value, it effectively still is in triple zero land.
In my opinion, they found out how to use this shell as a printing press. I think last time they devalued the common shares with promises of grade a preferred shares to failing companies they wanted to tuck under this shell to make it look better, but I think they might have gotten the thumbscrews just as bad as the common shareholders...
Perhaps you might want to talk to investor services and have them arrange a conference call for the shareholders... Oh yeah I remember one or two of those, full of dreams and fairy dust. Ernie or Paul remind me,... didn't they schedule one conference call which they never held also?... I think that might have been just before the 2233 reaming.... and renaming.... again.
Perhaps some of the less skeptical investors might want to look through the recent PR's and check out some of the names dropped there, and try researching them... I didn't do complete deep research but one of the rarer names did seem to hit some funny bones in my noggin when looking around.
I was here for the Beverage company, the Auto Parts shell, the UHC (odd how they made it easily confusable with the other United Health Care UHC... fancy that) then when they couldn't make people believe that they could come up with creative methods of medical billing, they sidetracked into pill presses, then while still a pill pressing company, sort of morphed into an oil recovery company long before this most recent venture after cutting us whiners out of 2233:1 of our shares. Oh yeah, I still have faith, and I'm holding my shares until someone offers me $70/share for them, mostly because with the shares/2233 I now have, it isn't worth much to sell them at any other value... and I'll brobably be holding them still after the next reverse split.
There is plenty of drilling with this stock, just not in the fields. Does anyone have any independently verifiable data to support what PTOG claims in their releases?
My a$k is $70/share for my deflated folio. If they didn't pull the 2233/1 RS a while back, I'd only be aking 3 cents a share. I'd bet someone could really pump this ticker by buying up what I have to offer. It could really go a distance in getting this thing noticed.
I just restored a few posts which one moderator deleted as off topic. I did let one of his choices slide though, but the others were, in my opinion, totally on topic for the forum, although perhaps not on topic if someone wanted to suppress all viewpoints on the subject.
Someone inform me if I am wrong, but the mention of an opinion stating that this stock appears to be headed down once again, is on topic, as is someone pumpig the stock saying how glorious and wonderful this stock is.
Oh, and this post, while not specifically about the stock, but about the direction of the forum, is on topic for this forum. If I am wrong, please correct me, don;'t just delete it.
Fuzzy Math, eh? 34,800,261 * 2233 = 77,708,982,813
ones tens, hundreds,
thousands, ten thousand, hundred thousand,
million, tens million, hundreds million
BILLION... 77 billion, right?
Where did I go wrong?
The Company has 750,000,000 authorized common shares of which 34,800,261 common
shares were outstanding as of April 30, 2013. The Company's fiscal year end is
December 31
If not for the 2233/1 reverse split, the outstanding shares would have been 77,708,982,813.
PTOG/POS/UYMG... Over 77 Billion Screwed
IMO, they needed to hide those outrageous numbers in order to attract more investors.
I may just change my opinion if I ever get my asking price for my remaining dwindled, perhaps swindled, shares... with all the pushing and pumping, when they sell at 300% of my total investment, which is what the pumpers have long been bragging that it looked like it will rise above, then perhaps the broker fees for so few shares will be acceptable to me... or another RS where they knock my shares out of the boat.
Don't count me as one of those "followers." I asked earlier about how many were followers and how many were here to watch another train wreck, but one of the three moderators saw to delete that question. I AM one here not expecting to see it go up. I've been invested in this POS for many years now and the only thing it has done is go down down down. Of course the pumper moderator who deleted my previous comment has a motive for not letting the new "followers" see that many of us have very little faith in this company taking us back up to where we were, and all the faith in the world that my holdings in this POS which is already 1/100 of what I put in over the years, will reduce to another 1/100 before someone takes those beast out and gives it an appropriate burial... in the flusher.
Is that 231 followers, or spectators for another train wreck?
And if they every do start, I'm guessing it will be further to the south.
For this group, Fail is to win.
I feel like I'm in the scene of Animal House where Dean Wormer is making a speech and everyone starts to cough BS under their breath.
What a shame!
When I put my money down on this pig, it was because I had heard someone else at the time talking about how they might take a gamble on Sirius XM which was down around $0.13 at the time. I didn't think there was any hope for Sirius, but I decided to gamble a bit of my own. ABVI looked kind of neat, and was cheaper. In four purchases on various forms of this pig, I spent $220 bucks. My value in this pig is $2.20 from my 11 shares.
Had I put it all on SIRI:
2/26/2009 $45 @ $0.13 =346 shares
4/7/2009 $50 @ $0.34 =147 shares
3/8/2011 $40 @ $1.76 =22 shares
3/9/2011 $91 @ $1.80 =50 shares
For a total of 564 shares..... @ $3.35
Today I would have $1892.75
What a stinky pig this thing has been.
Would you throw more money into the ring if you knew it was UYMG?
I've been able to list my 11 shares for sale without having it rejected. .. or so I thought.
Found this on Yahoo.... so were you trying to be precise? I wasn't, but I rounded my bid up to the nearest $70/share and it sits waiting for a buyer, all 11 shares.
Best Answer - Chosen by Voters
I have received this message when trying to specify more than 1 cent worth of precision in your bid/ask price (e.g., $5.418, $6.9998)
FYI:
ECN stands for "Electronic Communication Network". From Investopedia:
"An ECN connects major brokerages and individual traders so that they can trade directly between themselves without having to go through a middleman."
"ECN Rejected" means just that...for one reason or another, your order was not accepted by the ECN (not very helpful!).
You're wondering about pumping... I just skimmed over their "about us" on their new web site... I did say skimmed, and perhaps, IMO, more than accurate: (Mind you, I didn't add a word.)
About Us
Petrotech Oil and Gas, Inc. uses multiple patent technologies and in some cases will use their new pumping system developed by Petrotech. We will use this patented technology with other proven technologies currently used in the industry to complete new opportunities. Throughout the United States there are primary depleted billions that lend themselves to exploitation and PetroTech Oil and Gas, Inc.’s proven patented technology.
They probably did that to make my dream shares offer go away. Well, I just re=upped it at $70/share. Pfptptptpt!
The least they could so is to provide free drinks and a live band.
I went to the local casino last weekend to watch a band. Dropped a fiver in the slots and it crashed from $5.00 to $0.11 in no time at all, and then for the next 15 minutes kept going on, up a bit, down up down, much like this stock did, until I finally said F-it and blew my $.30 wad... but you know what, for that fiver I got some really great music and free soft drinks. (the do charge for alcohol beverages)
Sure did. I had to resubmit my $45/share order.