Anyone watch the WPXN eye on the street interview this morning? Not that I would believe a word of it...

That part gives one pause. I'm waiting this out. There's at least a couple more months of this wholesale dumping.

In fact I would bet there's yet another R/S after this one. And with 5B authorized that one could be a 3000:1.

It's been reported. But because of the way the Petron bylaws are written we're basically screwed per SEC.

E-Trade seems tolerable.

Swimom,

I think your a sweetheart, and you know I do. Problem is this jackass likely has no assets. He's mortgaged to the gills. You can sue, AND win...but what can you collect on?...nothing...

And the whole time it was "We're gonna have gushers shootin out our (pick your orifice)...yesseree just wait...two weeks, shareholder value!"

Lets revisit this...

Remind you of anything?

I had 2,500,000 shares at one time. I held through the RS and the following slow crash and burn. By my calculations I will have 3.5 shares after the 1500 to 1 worth a cool 15 cents. Reached the point a long time ago where they were more expensive to sell than hold. Could have made a hell of a profit during one of the few brief run-ups but no...

What do you take for a Kool-Aid hangover? Best cure I've found thus far is a shot of Jim Beam followed by your favorite malt. Administer as often as needed.

You know I've often time compared the feeling you get owning this stock to the feeling you have owning a nice new red Lamborghini.

Right before you crash into a tree.

HA! Well put. My heart out to ya gal. The initial money I put into this is worth about 35 cents too. No point in selling since the commission is so much more.

Ok, fair enough, do what you want to do. I've been here a long time too.

Thought that was a 30 day time frame for some reason?

OK I've got something to say here.

I've listened to all the scam postings, and they are without question emotionally driven. People have lost a ton of money, myself included. However I am averaging down, and I will tell you why.

The thing I want to drive home is this: This IS NOT a scam, I had an uncle, he was a geologist, his name was Starkey Austin Wilson for those of you who want to do your DD. He resided in the Dallas area. He was a member of the Petroleum Club. He was behind the failed legislation to develop geothermal energy in Alaska.

He knew Floyd Smith. Floyd Smith is an oil man he is NOT some professional scammer. I do not personally know the man, but I have met him years ago.

Believe what you want to believe. But everything thing this man has said was said with not what I would call honesty but hope. CEOs are what they are. The guy is genuinely trying to build an oil company, and sometimes he enhances the truth to achieve his objectives. Who among us don't?

So...do what you want to do.

You've been wrong before.

1,390,350 shares just hit the streets.

My guess is that it had something to do with the recent reverse stock split. I carry an E-trade account as well and was not able to place a GTC 60 day limit order. Not overly alarmed.

Did anyone happen to catch the announcement on the BM show about being televised on the Discovery channel? I'm wondering if this is what FS meant when the possibility of televised exposure was floated?

Hell of a damn spread

Thank you for putting this in perspective.

It's the split. Pure and simple. Inconvenient but nothing to get alarmed about.

Knox county is a hell of a long way from Dallas isn't it?

We are now .0087 away from sub-penny again. Hope PR is good tomorrow.

The T-trade pop after hours was in the green WTF huh?

Speaking of which we just got our E.O.D. stock vomit.

Actually I think we're gonna get some solid numbers/results on Garrett 3 WAYYY before we hear anything substantive about Snyder/Simons. PR (aka."I love it, I love it") tomorrow is likely regarding Texas and Garrett sad to say. But who knows?

That's right. A 73,000 dump would have translated into a 73,000,000 dump to put things in perspective.

Yep Your likely right. It'll take a while to jump back through the SEC hoops.

Well more dilution today. Wonder if it's CPUS or Petron.

Lot of unhappy people here, myself included.

Now down to 5000 shares. Again, lotto money.

I still think this can work out given the right news. But I am not am not deceived into thinking this is a home run. I don't have enough shares.

Still have to see what will happen after completion of third lease.

The emotions on this board can turn on a dime.

I would trade all the accolades in the world if Floyd would just throw us a bone here.

You guys will be the first to know, trust me.

This was my latest e-mail to the company:

"Recently I noticed Petron II lost access to the 10m S1 funding. I am going to presume that was because the average daily share price remained below .01 for greater than 30 days (an SEC requirement).

My question to you is: Did Petron II not see this coming?

There also seems to be some confusion over whether Petron II was able to access the $119,000 in initial proceeds from CPUS before this arrangement was shut down per the RW.

The thing that further concerns me is how this affects the three major projects slated for this year.

It is my impression that Snyder/Simons has been outfitted completely and that the wells are undergoing pressurization. When will they be fully pressurized and at full production?

It was also my impression that all the work required by the Texas railroad commission had been completed. Now I am hearing that one well is still not in compliance and that we have $25,000.00 worth of oil stored at the Texas location we can't sell, and we are just as far as we ever were from a go-ahead from the Texas Railroad Commission as we ever were.

How will this affect the Edwards and Redder projects?

How will this affect the Garret lease acquisition and the re-working?

Finally, per the 8k filed on June 20, I noticed the par value of common stock had been reduced once again to .00001. Does this mean that we are due for another reverse split? That seems to be the only way Petron II will get the share price back above .01 to get the S1 funding. As a shareholder I have watched as my holdings have been decimated, even as I dollar cost average down.

As a shareholder, I am concerned at this point about management. Several times Petron is seemingly blindsided by events that should have been foreseen. This S1 event is just the latest.

Please sir, I implore you, address these concerns. There is even talk of complaints to the SEC and legal action. This is the last thing I would like to see. When trading is halted in a stock, there isn't anything positive that will come of it for anybody.

Respectfully,"

I kinda liked your Slim Pickens mental image.

BONZAI dude!!!

I'd love to be a fly on the wall in their conference room about now.

That was a rhetorical example. Your probably right.

Your right. Lets say they want a nice comfortable share price of .02, that means a 1 for 100 reverse. My millions of shares would become thousands. I have NEVER seen these work in the short run.

My question is WHY in the CRACKER are they NOT being allowed to sell 25,000 dollars in oil? and who is the controlling entity?

I guess this whole episode explains Floyd's comings and goings on Money for Lunch.

I think we're all on the same page. These little 'Ra Ra' sessions are getting a little moldy for those of us that have been here a while and have maintained position.

Solid numbers will come. The 'when' part is getting a little frustrating. As with any business there are delays and the unforeseen, particularly in the oil business. U-guts (who out of everyone currently posting, seems to be the most knowledgeable on the subject)might agree with me.

While we hover at .0003, I just keep adding a little more lotto money each week.

Ha! I feel your pain. Believe me, I'm in the same boat my brother.

I think something is up. If he were ducking out, he wouldn't schedule the interview to begin with. This happened Monday too.

About all I see is an occasional Petron logo flashing on the screen.