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$10 PPS ? How did you arrive at that valuation ?
I agree, the strike for sure is having good impact for oil. will be interesting to see how long it holds as Iran really exports not much oil to us, and the strike really shouldn't matter much for their production. but heck if it makes oil surge that's ok in my book. plus one more dead terrorist is good for everybody IMHO
Oh, I see. you read an article from 2003 that we all have seen, then put together in your head some phone calls that never happened ? I can respect if you post your opinion about something or have a different point of view and post why you think you are more correct then the next guy. But posting some fantasy phone call / insider info rubbish and calling it DD for people that maybe looking into a ticker is just wrong.
Dude, where do you come up with these bull dreamer statements? I hope you don't trade real money based based on all this fantasy.
new subsidiary called Bantec Insulation HA HA HA HA bannon had to get a day job !!!!!! what a clown. could not earn and keep a nickle selling parts to the government ?????? What kind of a moron cant make money being a middle man to the government? I predict him selling taco's on the corner soon or maybe one of those bicycle cooler guys selling frozen fruit bars ? That's what you get you lying piece of trash
ya, but what about the government contracts ?
HA HA HA HA HA HA sorry I tried to hold a straight face but I couldn't do it
who was wrong ?
time will tell I suppose. the dreamers will try to spin this possibility to a big pay day but serious traders know that speculation is a very dangerous way of trading. I-Man You will be fine either way as your in so early and hold tons of shares. all in all I don't see ped disappearing anytime soon. still plenty of money to be earned on the peaks and valleys, maybe some in the long term to. But I don't see being long here unless you have large holdings bought right. Holding a few thousand shares bought @ 1.40 ish is just dumb. And really just parking money that could do much better for you. Anyone with half a brain can do a simple search and see Ped's peers value. at this point ped rocking and rolling and generating a profit is maybe, maybe a 5 dollar company. This is not a slight on the company, its just what an oil company of ped's size is worth if making money. If kukes keeps buying land and makes his company interesting to a larger company that would be the best scenario for longs IMHO. but you know me, speculation is dangerous, but gambling is fun LOL
man you where right on the money as usual . with all your calls I figured you would run out of money by now
Kukes is the biggest trader of ped, everyone knows that. After all he alone controls how many shares he dumps on share holders to pay bills. volume and price plummets when he stops, then near mid month it goes ballistic when he turns on the ped funding / dilution machine. nothing hard to figure out here
90?? Anadarko is a real company that really has thousands of employees and really pumps oil. and earns BILLIONS its a mid 70 dollar stock ped has 14 employees ( investors really ) and pumps very little oil and 70 million shares printed. with that many shares out there and its current value as a company it may not ever even make it back to 3 dollars let alone 90 or even 5 for that matter. heck it only trades at 1.50 when kukes is diluting and buying over the ask.
continued losses are not really a surprise from the Q 3. How can you make money as an oil company with 14 employees? real oil companies have trucks and equipment and lots of employees to make things happen. ped has to hire other oil companies to do the work . talk about too many chiefs and not enough Indians....... the oil sectors is alive and well. look at companies working in the exact same areas as ped. Anadarko is a great example. I have seen bull dreamers predict 90 share price for ped, not sure how they arrive at that. Anadarko is a multi billion dollar company with nearly 5000 employees and is very profitable and has a PPS of mid 70.00 as a norm and requires no share dilution to operate. ped was a nice 3 dollar company if it ever made a profit, but now with all the share dilution not so much. 70 million shares is way too many to have any chance of that now. ped is now a nice 1.25 PPS company...... maybe if the bleeding stops
ped needs some better pumpers, this batch doesn't have a clue whats happening here. keep this in mind, nothing any of us post here has any impact on PPS . it is determined by the market. That said small runs can happen from web pumpers and tweeter's but it is short lived and you must be ready to pounce .
ha ha ha never shorted in my life. plenty of money to make with out the gamble. never been long. only have trade ped on the peaks and valleys. earned thousands because I don't keep my head in the sand
who do you think SK energy is? who first got loans for ped secured with the first round of share dilution? who then made a loan through SK energy to ped then paid it back to claim no debt? who dumped 35 million plus shares into the free market and then bought many of them to fund the no money making company called ped? ped loses money every month and quarter on quarter. kukes / SK energy funds ped. Kukes holds all the ped debt in one form or another. yes it is debt, operating funds don't come out of thin air. ped is ( the oil company that cant seem to make a profit ) is worth maybe 40 million and OS stock count for 60 million and its ALL kuke's money. ped would have been bankrupt a couple years ago had kukes not chose to pour money into it, he is a great banker for ped and holds the debt. the good news is that ped is a great swing stock with all its manipulation and periodic pumpers that come and go thinking its a $90 potential stock they keep it moving.
the share dilution has just murdered this ticker. you cant have nearly 60 million shares out there at over a dollar a share for a company that isn't valued at more then maybe $35 million. Dr. Kukes has put himself in a great position. He owns a large portion of PED stock, So if Pedevco succeeds, his PED stock should rally. And if it doesn't, he owns the company's debt, ensuring that his SK Energy still has the claim on Pedevco's assets. For other PED stock owners, the situation is significantly less promising. With the newly enlarged 55 + million share count, the market is valuing Pedevco at nearly $60 million for a company with about 35-40 million in book value (its oil assets minus the SK Energy debt). This is likely much too high, given that Pedevco will remain unprofitable unless it dramatically increases its revenues. It seems the market is slowly correcting though
just another sea of red for bant. the question is what moron spent 10K on this scam?
that's like 11 bucks or something? LMAO But I get your point. its just so sad its funny now .
seems a lot of confused people here thinking that this is a golden child gem no one knows about. ped is a low value company that has wayyyyyy too many shares out there. The real world knows that and priced ped accordingly today as it always does
middle of the month dump. Kukes is dumping again. lol go from 1500 share trade days to maybe 6K then bam 60 K . OS count goes up every month. got to pay them bills somehow
so.. if you have a company that is worth X dollars ( valued at ) and it has 8 million shares outstanding . the share's have a value based on the company value. if say the company issues 50 million more shares but the company is still valued at nearly the same value, and still makes no money every quarter. what happens to the value of your shares? do you believe that printing 50 million additional shares make no difference? I know that kukes is doing it to fund his company a different way then just making a loan to ped or a simple owner contribution. And really its not a bad idea, but none the less there are 50 million more shares available in the market that where not a year and a half ago. Hence a $ 2.25 stock 15-16 months ago is now a 1.40 ish stock and really is going to be a 1.25-1.35 dollar stock minus the peaks ..... call it dilution, don't call it dilution but that's where ped is currently at
actually most of their revenue comes from Kukes through a few avenues including stock purchases. loans, and stock OS issues and now he got one of his friends to buy a bunch of shares he diluted out into the market. Hence the massive outstanding shares increase over the last year. was like 17 million and now nearly 60 million . a year before that the OS was even less
Morons
Morons
LOL that loser bannon cant even do a R/S correctly . what a tool
OH SNAP!!!! That's funny!
50% loss just like that! Boom, All those millions bought shares @ .0002 just lost half their value. that's what we call the bannon effect. everything he is around dwindles to nothing. according to the " press release " he gets a contract, and has no money to fulfill it LMAO. bannon is like the loser that gets a job and needs someone else's money for tires on the car to get there.
that's one way to spin the bankruptcy lol. last gasp attempt to sell more shares to un suspecting stooges
web page says 101 is available, good point there.
330 Changebridge Rd real estate link
seems like an understandable action on your part. I emailed that clown so many times, no reply. hopefully you get something back from him. I wouldn't hold my breath though. plus what is he going to tell you? He enjoyed scamming tons of investors, and he cant wait to screw a few more with the 2nd RS he has done on the 3rd name change for bant ? LOL
no reason to be that way. I'm a happy guy, not angry at all. You posted a copy and paste of some info I didn't understand where you where going with it on the bant board , I didn't understand what your point was so I asked what you are trying to say. that's a legitimate question, we are participating in chat boards sharing info and investing how we each choose based on info ( DD ). you then lashed out at me on the ped board in all caps asking what I was trying to say when it was plain as day. And no I'm not holding baggage. Earned good money on both stocks. I am holding my last position in bant and that's on me, it was my buy with the profit I made on the previous swing trades. as for PED, traded it many times. And I understand what this ticker is really all about, no illusions of becoming a millionaire from ped. I'm currently back in at a 1.27 average. I have a feeling I'm in maybe a little soon but I made a choice and I have to live with it.
I think I was pretty plain as to what I was saying. I didn't act like I had inside info that I don't have to do it either. How bout you tell us your great insider info. Then maybe try replying to the right board......
what are you trying to say ?
what SEC filling? I only see an acceswire fluff piece. unfortunately it looks like what a penny stock would do. Dilution followed by name and web site change and then a virtual office address change. I wish kukes would not have done that, just looks shady and bad for the company
bannon share dump right on time today with his " press release" LOL
of course it is bannon didn't even generate 10K in that last few attempts at dilution / capitol generation. drus loses more then that every two weeks , Howco can only do so much and he needs money. bannon had to put something out there to help swindle more investors before the R/S. My only curiosity is how2 long bannon can stretch this out. with the R/S and maybe another trick will drus make it until the end of the year? will he manage to keep it going longer?
ha ha ha ha bannon only was able to generate less then 7000 bucks on his scam with dilution today. you know he is feeling the pinch to keep the lights on
AND POOF LIKE THAT THE R/S !!!!!
shares will be USED by management to pay debt = dilution of your position . what do you think they have been doing the last 9 months with those management owned and controlled shares?
more insider selling it looks ? looks like a sell of shares to me when reading the filling's. also the proxy filling show intent of even more dilution then we have already seen the last year ( and really since the first of the year the dilution has been just crazy . voting on a 2 million share increase available in common stock. ped will need the money for adding more top heavy management. talk about too many chiefs and not enough Indians . from the filling .....
The purposes of this meeting are as follows:
1.
To consider and vote upon a proposal to elect four directors to the board of directors, each to serve a term of one year and until their respective successors have been elected and qualified, or until their earlier resignation or removal, as named in, and set forth in greater detail in this proxy statement.
2.
To consider and vote upon a proposal to approve an amendment to the company’s 2012 Equity Incentive Plan, to increase by 2,000,000 the number of shares of common stock reserved for issuance under the plan.