Good post...nice to see some relatively unbiased commentary. While I would like to believe the opiate "epidemic" is enough to push the reward past risk we have to look at Avridi and compare side-by-side. From what I saw we are no better than Avridi in the fed (high fat) condition for Tmax. With Avridi getting rejected 23-1 I think SequestOx would have to show some statistically significant results go reverse that. If however the new FDA chief has refocused and modified internal policy to "promote" reward vs risk that could change but overcoming 23-1 is a big step. For SequstOx to get a "green light" with labeling would mean Avridi should be accepted also.

Am I off base here?

Well I think most of us realize that .02 is highly unlikely. However, 3mo. ago it was .06 would never come. I have noticed in the past week that the bar has lowered (.06-->.02) in lieu of the SequestOx topline PR.

Thanks for the info...I have been trying to grind through the Avridi FDA info and maybe I misread it. I thought they were at 4.3hr and SequestOx at 4.5hr for the Fed (high fat) meal. However I didn't clarify if this was standard fed conditions or with high fat. Where does your 167% number come from? Maybe Cmax was different was just focused on Tmax comparison.

Has anyone put a chart together with the data (as best we can find it) for Tmax in ALL conditions side-by-side. I agree that namtae is right...most likely its not even a rejection (status quo) based on the data I have seen. However its very possible I am missing something and thus my question about ALL results.

Their only hope short term, I suspect is that the new administration is feeling the pressure to do something about the opiod crisis and that the standard Fed is substantially better than Avridi...otherwise Avridi would (or should) see an approval before SequestOx. At a 23-1 rejection that is too much crow for the FDA to eat...

Post the Accum/Dist curve vs SP

We are AGREEING...

The comment about a $3B dollar company was simply mean to indicate that a typical blue chipper with a low number of shares...all things considered would need to be worth in the ballpark of $3B to generate a stock price equivalent to $3.00 (where BHRT is heading with a 1000:1 R/S.

I think we all know the result of BHRT moving to $3.00/sh should that happen eventually...unless there is alot of magic up someone's sleeves.

In lieu of the R/S...and what most likely will happen after...I am trying to understand why there hasn't been alot more selling than what we have seen considering all the accumulation the last 9mo.

This was my point and wanted to know what others here thought.

Where did you find this quote? I don't see it in the PR...

You may well be correct. I have no clue. I just know that "someone" has accumulated a significant amount of shares in the last 6mo... Add that to iHUB silence and those are two positives! lol On the other hand...the rumor mill on the hoo board is not looking good. This can go either way...hero or zero.

Fair question... I am just a caveman but it appears someone has been buying in chunks for 6mo. according to the Accum curve. Hundreds of thousands of dollars worth it would seem. This stock has me puzzled but that doesn't take much.

It's easy to get lost in the day to day fluctuations and MM games but I would like to hear some thoughts from an experienced TA person regarding the 1yr Accumulation chart...

Check the article a few months back about Gordy Howe...

Here is what Pfizer is thinking...not sure if this is a good or bad thing for Elite:

http://www.gpb.org/news/2015/05/20/maine-bill-aims-make-abuse-deterrent-painkillers-more-affordable

Looks like they want to REQUIRE insurance companies by law to pay the greatly increased price of ADT.

Wow...alot of activity here for sure. I am all for new eyes but would like to know what is driving this (having been here for a year now). The PR's have been interesting and an all-out focus on sales (since they already have a product) is what we want to hear...BUT be careful traders. This thing lit up like a Christmas tree and not being an insider I have seen nothing yet to warrant this kind of pump. Hope I am wrong of course. Let's see if Feed's inverse law of iHUB pump vs sp holds true or if there is meat behind this one.

You are now the 3rd generation in the last 1.5yrs to see it go to .0001 after an R/S. Sooner or later he will either start producing or he will go Ch 11 (with the SEC up his ass). I know multiple complaints have been filed. I hope for your sake he is finally producing and you make some money....as I lost a mint here as did a friend of mine in round 1 R/S.

Someone said previously "why didn't you get out before it traded down to .0001?" Well...when the website "goes down for maintenance" and 6B shares are issued that same month I admit it caught me offguard...especially when S-1's and "profitable by mid 2014" was the theme in all PR's. That is what happened May 2014.

Again...I hope/pray whomever has bought in the last 6mo. gets lucky and this is the round where significant production happens. If not, unfortunately, it will only re-re-re-confirm that this guy is a crook and should see the inside of a cell for this. It is no longer OTC chump change...but multiple millions that have been effectively STOLEN.

Where did you see this news???

No one knows (except insiders I guess). I invested because normally when you go all out on sales as they apparently are then they have a product to sell...which is a good thing.

As far as the "going concern" this is less of a "concern" as nearly 100% of OTC's have the same language in their 10Q. It's normal.

As soon as the pumpers came in the sp tanked which suggest to me there were still a few convertibles left. Hopefully that is over with the sp where it is. If not, it will go lower. New of a deal will likely spike this pretty hard in lieu of O/S...hopefully that happens before any further dilution.

Previous post was made with sp @ .002...

I think we have seen/continue to see some conversions here. The inverse relationship of overnight pumpers and sp continues. Careful trading. Sure a pump is coming (or real news hopefully) in a month or two just be cautious this time of year.

Merry Christmas!

In OTC land there is typically an inverse correlation to pumpers on the board (especially when they show up over night) and sp...

Exactly...I agree. That being said I have a feeling that their "intended" model of not charging for the equipment (at all) is flawed as the ROI would be forever. This will change IMO with any real contract and they will get a typical 30% down or something along those lines for it to make sense. I get the model...its to entice potential buyers and prove the tech...but the ROI won't make sense.

On the other hand...looking at current share structure...even if it takes $0.5M to build a large unit(s) we are only talking about 200M shares @ .002 (less if higher which it would be with an award) and this still is pretty low for an OTC traded stock. If they went the borrowing route its the same difference minus the fact that they could potentially pay out over 1-2yrs and offset shares with returns from the customer...limiting O/S growth. Just depnends on their approach.

Not sure what it all means...but an order, in my opinion, would or should send this thing climbing hard from current sp...at least for awhile. Lock up the float and who knows how far it goes.

My guess is that there are still some convertibles out there piling up between .0011 and .0013 (getting all they can before EOY). My personal take on the OTC is the more pumping I see the more PPS is headed downward. When things go silent for awhile is when it often gets interesting...

I like the tech and have made and lost money flipping some of my shares of this thing the last 6mo. I only hope that their "all out" sales strategy comes to fruition. The share structure is fairly tight for this sp so she should fly on the right news. Its about the best one can hope for on an OTC stock trading at .0013...right?

My personal opinion...shorty is going to get fried within the next week. We shall see...

No doubt the shorts are loving this...BUT if the Q3 numbers are as I expect there is a very good chance they are getting ready to be squeezed in a very big way.

Lots of people on both sides of the fence here no doubt. One question for all...please reply:

Anyone who is buying or has been buying the last 2-3mo...what service are you using?

Curious to hear these answers...

I know how you feel...I was holding a BOATLOAD (for me) @ .0020 and got tired of waiting. Within a week the spike up to .0105 happened. It actually stayed above .01 for long enough to liquidate those shares surprisingly.

If these guys get an award the PPS is going to spike hard as there are still very few shares out there. It is getting manipulated on very low volumes (both up and down).

Have had buys in for .0023 for awhile but today's action is suspicious. Someone either knows something or a very aggressive pump is coming. Either way...I have been trying to load up under .003 on the chance they get an award. It "appears" they have tech and now focused on SELLING which is what I like to see.

My only concern is the price of oil. If it begins to trend down again it could impact PWDY. On the other side of the coin the winter months make the ability to generate your own power more of a need/desire.

We shall see what shakes out. I expect a pullback tomorrow or until news maybe back to .004-.005 but we will see I guess.

As we say here in the South during college football season: SEC! SEC! SEC! lol

The reality is that FS WAS misleading in both PR's and radio interviews in regards to:
1) Output of Snyder/Simons (Sept 2013) - Expected 100bpd got drips
2) Bakken Shale Play - we all know what happened here
3) Profitable by mid 2014 became end 2014
4) Website up for months during slow/steady dilution. Website goes down for maintenance and 6B!!! are issued during that time specifically
5) New wells with big targets...still no revenue
6) With no revenue...using funds for more acquisitions
7) 8B total shares sold for approx $10M. The only revenue this generated was TX online at 10bpd.
8) S-1 Approval and immediate selling back below .01
9) Paperwork not filed which would allow PEII to continue trading on Scottrade & Ameritrade. This alone crushed volume and cemented the stock position.

All the while FS CLEARLY mislead investors over and over in both PR's (regarding expected production numbers from re-worked wells) and on the radio show (hinting that BIG THINGS "just around the corner").

I personally filed with the SEC last year after losing $40k to these lies. The Bakken play confirmed it all for me in the end. The website down with 6B shares printed was CRIMINAL.

Anyone here who says "sour grapes" and "learn to trade" are both correct and also looking to buy/flip. What was done to shareholders here is atypical even for a penny stock. Either we believe it was an intentional pump and dump OR the CEO is utterly incompetent (as in accumulating new leases and debt without focusing on existing leases first...leaving dilution as the only option to sustain whatever ops they have.

I think its time to hold FS responsible. I know nothing about the process of a class action suit but if/when this happens I hope I can be a part of it.

All,

My wife worked for this company previously in China. The sales force is for lack of better terminology, setup similar to AMWAY in that each buyer gets a commission for getting additional buyers which creates a MASSIVE sales force. The company IS SHIPPING/SELLING product in China so I have no clue what the discussion about licensing is about. I must be out of the loop on IHUB here...

I held this stock at 0.70/sh last year and got out because I couldn't see how their financials at that time were justifying the share price. Of course it skyrockets after I leave.

Now I see the pullback as a potential opportunity...but here are my two MAJOR concerns:
1) How are current or even 2x the last Qtr financials supporting a $12 share price?
2) Why are they still a pink sheet? Why no attempt to uplist?

This is NOT meant to poo poo the stock...as I missed a golden opportunity and am considering to buy back in at $12. However, cut the IHUB BS and someone explain to me how this stock is trading @ $12/sh based on the most recent Q financials...hell even double them for Q3 and help me understand what could possibly be driving this...

Agree and disagree. I have been burned on the OTC many...MANY times. However, this was a different level of dishonesty. This was blatantly misleading statements. I have a very strong feeling there will be some shareholders that decide to file FIRST complaints (I filed one already a few months ago) and eventually a suit. I think there is enough hard evidence (unless the hard drives have been recycled) directly from the horse's mouth to make a judge double-take.

We will see how it all goes...but no doubt the current longs like myself were BLATANTLY mislead and that is theft. I typically don't react well to people stealing from me. I am ok with being a dumbass...but I don't play well with thieves.

If they R/S to .10 then this baby is going to tank to .05 ASAP. They simply don't have the revenue and won't have through 2014 to justify that sp. The only hope of making money for us longs now is that MM's manipulate a run (P&D) and we get out and cut our losses as best we can.

Let's assume FS gets there "eventually"...well per his own words he has 18 (now 19) leases x 30-50 (40avg)bpd. With a reasonable O/S this equates to roughly $25M in revenue annually (or $0.25/sh). So...we have been in the same position we are today since last Sept (2013) and we expect to get 10bpd from TX while Simons is STILL not online. Now...maybe with Simons and the S-1 renewed things speed up. However...it will be YEARS before all 19 leases are ready not to mention the cash must be raised for each new lease. Any dilution after the R/S on 7/3 is going against the future $25M. Therefore...even the long term view looks crappy...and it is VERY long term.

The only thing that saves us is a buyback...and I see no indication this will happen. Even if it does...it needed to happen before this R/S. Now PEII is a flip play the next few years.

I have wracked my brain trying to understand FS strategy so that it makes sense. I have even considered that he is trying to hoard the land intersecting a potential Keystone path thus forcing the U.S. govt to pay him 3x his assets. Yeah..I know...but something like that is the only explanatio for buying new leases with no existing production. More seriously he may well be playing for a buyout based on proven reserves thus why he keeps buying land and not pumping oil. Who the heck knows...I just know without these options (buyout/buyback) it is going to be a very long wait for very minimal gains IMO. I sure hope I am wrong but I suspect these shares go into the vault for a rainy day in 2016.

Mr OMNE pumped this stock to the moon just prior to multiple massive dumps (here and through the SeekingAlpha blog). Don't feel sorry for him...he even got me the 2nd time around (after already making and then losing a chunk in 2013). My fault...but a lesson learned...don't trust ANYONE on this site...ever...under any circumstance. I already knew this but I was a PEII zealot who drank too much Kool-Aid. In retrospect I think I got the Jim Jones special...

My prediction.

R/S to .05. Get S-1 approved. Report an "expected" 150bpd after this and that (more work/pressure/time needed). Dilution will happen but VERY controlled so as not to spook investors. Two months later(Sept) the results will be at 45bpd MAX BUT the next rework is already underway with an "expected" 100bpd...still on track to be profitable by year end and a focus on "shareholder value." Same thing over and over until people get wise then sp will tank to .01 or below (likely below). At this point the O/S will be at 500M with total production at 150bpd by year end...correlating to $5M in revenue on a yearly basis. Unfortunately, with 500M shares outstanding the sp will be where it should be @ $0.01.

The only people who will make money are insiders and lucky flippers riding the 10-20% ups and downs through 2014.

As expensive as this process is...there will not be enough cash on hand to support repressurization of existing leases and true to form FS will buy additional leases he can't afford with no way other than toxic financing to pay for it.

This is a complete cluster...and it didn't have to be. A friend of mine who is also invested here said "Floyd's plan is similar to McDonalds IF Mickey D's decided on global expansion before they every sold the first hamburger." That is how ridiculous this business plan is. If there was ANY CONCERN about shareholder value FS would have slowed down...focused..and used Simons production to fund the next lease and then step by step brought wells online using cash onhand. Instead he printed shares to fund a grand scheme of world conquest which included 6B in the month the website was down. TO ME...this one act was the ultimate in deception. Why? Because with 6B shares diluted at an avg of say $.0004 = $2.5M in cash. With that...why do they need to dilute ONE MORE PENNY??? Where did this cash go? If we need $3.5M just to "start the process" of repressurization on one lease then boys and girls we are SCREWED! This means we are so capital intensive that it will take forever for the daily production to fund even one lease at the pace FS is trying to move...which in the end can only lead to more and more dilution. With no S-1 we all know what this means.

The only thing left to hang onto is the old saying that "the difference between genius and insanity is but that of a hair."

You sure about those numbers? I think you need an extra "0" in there:

$365,000 / 10,000,000,000 = .0000365 (<.0001)

Ask yourself this...what is the value of a stock with 10Billion shares and give them the 10bpd oil from TX. I can tell you...it is <.0001 based on the numbers alone...that is what is sad.

Some of us just weren't as lucky/smart as you I guess. Some of us bought when we were led to believe that a well was coming online that was capable of 75bpd back in Sept 2013. This dragged on for months and every week it was "soon." FInally...the results were that it was dry and they needed to try a different location. After a couple of months there was the infamous Bakken shale deal. Then the claim from FS himself they would be profitable by MID 2014. This "news" was also diluted into until Bakken fell through. All the while they were waiting on TX to come back online and had filed necessary paperwork. Then we find out TX is worth 10bpd (peanuts). Finally came the news that the Simmons lease was to be the biggest producer and it was in process. At that point the website (which was tracking O/S weekly) went down for a month and when it came back...6BILLION SHARES had been added in that month.

Yeah...some of us are complaining and I agree that it is an OTC. However, just being an OTC does not give ANY CEO the right to do what has been done here. It would be different if there was no news and it was being pumped by 3rd parties. In this case...the CEO himself was leading this train. I suspect there are quite a few others who feel the same way.

Per his own PR's...TX is worth 10bpd. That isn't flow...not even a trickly considering $3-5M worth of shares were diluted in the last month alone.

Shareholders deserve to know (1) where this money went and (2) why it went towards TX vs wells that by his own admission have the potential for 10x that production.

We aren't getting the full story here folks...plain and simple. I keep hoping (dirty word) that FS is not as foolish as this strategy looks. However, when you do the math...no amount of production makes this thing run on its own with nearly 10B shares on the market.

The ONLY thing that could make this run if FS secretly has been holding that 3M and is and will buy back all those shares sold from .0002-.001 at the low low price of .0001. Without that...it is an R/S, get S-1, and then and only then will we get numbers from Simmons IMO. This will allow a bump (depending on the amount of R/S) to then dump the S-1 shares into.

I know IR (Rick) reads this board...and I am sure Floyd is aware of the sentiment here. The only thing that gives me solace now is the fact that either magic happens or FS will be in deep kaka. There are ALOT of investors here that have lost ALOT of money (including myself) believing all of the misleading statements about production, Bakken, etc. over the last 9mo. Without a miracle...this does not end well for us and if that happens it won't end well for FS financially...

What many of us are trying to understand is WHY ON EARTH we diluted 8B shares and utilized all this time and energy for an expected 10 barrels of oil per day vs investing that same time/money on what are allegedly MUCH more profitable leases. It makes absolutely NO SENSE!

Without a buyback someday or a MM driven run its going to be a very long wait for many of us to make our money back. I pray FS pulls a rabbit out of his hat...but with 10B shares out there he needs multi-millions in revenue to get this thing out of trips on its own...which is going to be a long while...unfortunately.

No price on Scottrade as of 5mins ago. Now it just shows the last value of my investment. No buys or sells...no price noted.

Anyone seen this before? Is there news out about an R/S today?

He had better spend some of the $3M raised the last 2mo. on 6B shares of dilution to buyback about 7.9B of those shares at the current price. Then and only then would he be out of the woods. I am betting the $3M is nowhere to be found....

Time to lawyer up...unfortunately. I definately didn't WANT this to happen. However, I had not choice but to let it play out after losing 90%. So...it is what it is. Good luck to you FS.

I NEVER understood all of the touting of TX and its "10bpd." Why would ANYONE spend one penny on this if they truly believed the Simon/Snyder leases were capable of 100+? It makes NO SENSE WHATSOEVER!

As I see it...either Floyd pulls something very big from way out in left field or it's just a matter of time before a class action suit. With all of the PR's and his own words on the radio show he will be in deep poop. Not to mention...the last two months (conveniently while the website was down) 6BILLION shares were diluted in LESS than 2mo! So...the SEC should simply say "where did the $3M dollars go that you raised the last 3mo? It obviously didn't go to pumping oil....some went to a downpayment on new leases...but there had better be CASH ON HAND and not a new Corvette in the garage.

Gonna be very interesting over the next 6mo. to 1yr....VERY.

BINGO!

Depends on the avg cost of those 8B shares since the majority have been diluted at or below .002. Regardless...there is well in excess of $10,000,000 and may very well be $20M...for what?

I am sure if and when the SEC takes a closer look they will but curious where those dollars went over the past 6-8mo. that, it appears, only have 1-2 leases close to pumping oil. I do not believe they have spent anywhere near $10M in getting Snider/Simons and TX operational.

What he SHOULD do with all the excess cash (assuming it isn't part of FS new lake home or Corvette) is buyback 7.9B shares and use the rest to do what should have been done 6mo. ago...which is get results from Snider/Simon & TX to fund future conversions.

PERIOD

Here's a novel idea...how about FS does what he should have done in Sept 2013. SLOW DOWN...pump oil...and use that cash to facilitate work on more wells. Instead he dilutes to no end and 8mo. later there is a trickle of oil, it appears.

Maybe this mess will finally force him to do that. Instead however we will probably get toxic financing & .0001 for 6mo.

Again...here's to hoping he pulls a rabbit out of his hat. I will soon be at a $50k loss so nothing more to lose for me. Hope the rest of you fared better than I...

Based on 7B shares in the market I don't think there is any way (other than out and out manipulation) that the "value" of PEII ever gets to .006.

Massive production numbers (200BOD) would probably flirt with .001 on value alone but who knows. As someone said earlier I have seen pot stocks with massive A/S & O/S run like the wind.

All I know is FS had better pull a rabbit out of his hat or I suspect there are going to be a lot of folks talking to the SEC (and/or lawyers) in short order.