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bannon generated 55 dollars in trades so far today LMAO. Sad thing is it is more then bant / drus generated from operations.
your right, it will only be over after bannon has milked every nickle from every stooge that buys worthless bant / drus stock , the scam will be over only after he preforms his next RS ( not the first for this company ) . Then he will have to find more stooges to pimp this scam with pie in the sky innuendos . like J Garon being the savior. this new 8 K only serves to continue the dilution. bannon needs it desperately to fund himself. now J Garon ran from this scam, he had to . No way he would soil his name any further then he already has. bannons fake company makes no money for him, he needs to doop investors for cash. it is for sure slowing drastically though. only handfuls of trades for bant daily now. very little revenue for bannon now. pumpers only last a day or two as there absolutely, positively is zero good news to spin for bant / drus. But it wont end totally for a while. only the price will change
looks to be a few days away from a no bid situation. less then 5 trades by 2:pm.....how pathetic. R/S getting closer by the day
looks like the rocket is upside down ?
interesting, I only see about 1.5 Million on the buy and nearly 15 million in the red sell column. may want to see if your order was filled
bant can't that's is the ongoing slogan it appears . heck bant can't even get quality pumpers IMHO bannon needs to pay better money if he wants to keep up the monthly bill paying dilution. looking pretty lame........
Again, flat out wrong even referring to that filling, the original note that is still not satisfied and convertible ( that bannon can't pay back ) was 85 K. so the management company settled for the time being, shares with a current value of about 57K.... if they could sell them . so again.... tell me how this is in anyway good news for us. I'm happy to be wrong here
flat out wrong, 15,412,965 shares @ .00025 ( being optimistic ) is less then 4K
oh I agree totally, its flawed and not good. I'm just saying that the share price will change but only because of the RS. and of course the value will be less since your shares will be devalued even more. So it wont be for the good , it will just look better for a short period of time. I was commenting on the miss leading info that was posted about the share price increase... it was a half truth
Howco has had large dollar , low low profit contracts with the government since two name changes ago and a few BILLION shares of dilution ago for bant. there is no positive change here. those PR's and posts are designed and put out there for one reason only.....more dilution
"BANT goes to 00s by end of summer " this is exactly correct. it will happen after the RS takes place.... then the bant stock will be worth even less then it is today.....
BANT PR is for a MAXIMUM $165k PER YEAR contract. The $825k This is the highest amount the Government can give Howco under this contract over 5 years. The Government may not renew the last 2 option years of the five years, leaving this as a 3 year $495k contract. Most times the Government awards much less than the maximum $165k each year. This PR could easily mislead the uninformed.
LMAO shocking to me how many naive people bannon can stir up to screw every month. how dumb do you have to be to not at the very very least google bant or drus and see what has happened over the last couple years? heck just look at the share count increase....... just shocking
I agree, what Bannon does to investors is insulting for sure ridiculous. You may want to re-read what I wrote.......
Bannon PR and marketing 101. step one: send out nonsense PR through spam outlets such as access wire. step two: add a tweet or just have message board minions continue to spread the worthless PR spam. step three dilute the heck out of the ticker. step four: go have steak on cocktails on the backs of people that can't read a chart or use google to see if bant is a scam or not.
end of lesson.
what a train wreck, 21 transactions and a whopping 1275 bucks worth of trading today. bant is fading to oblivion . one more giant failure from Mike Bannon
yep, someone bought about 200 bucks worth so far LMAO!! enjoy your weekend bannon HA HA HA HA
that is very true
yes for sure, any upward trend is a great thing. not to mention the whole market is just wacked right now. So hard to say what can happen with any ticker these days
also worth mentioning, I don't guess and I'm not implying that anything going on at ped and with the way they choose to move money and present the company is illegal. the share count increases is what concerns me
have a great day
pretty sure he did go to the market, just in a different way. private offering for 18 million... don't make me laugh. Kukes is great at creative finance and giving the share holders a warm and fuzzy. He paid debt over the last year with shares ( dilution) and then bought shares himself to finance ped, but then turns and dumps them on the market so the O/S count went to 48 million from 7.5 million in 12 months ( dilution ). So now he steps up his game and does it again . The by product is he acts like YOU didn't pay for it. Then acts like he is doing you a favor by showing a small loss in buying at 2.20 and selling into the market slightly lower 2.05's . He still saves a ton of money ( plus tax advantage ) as now all he is doing is supplementing your moneys as a share holder. Plus, and here is the real beauty of this deal... kukes raises his institutional ratings buying his own stock as an institution LOL. nicely done ! The down side is the rating will plummet after he has to report the sales into the market. So no, kukes didn't call it an IPO but the end result will be the same and the outstanding share count will increase dramatically and when we are talking about a company that has not been able to turn a profit in a very profitable sector it just turns into a low low revenue per share and YOUR shares are worth even less since there now are soooo many now...
I told you this before, Kukes is moving his own money around using PED as the catalyst. ped is and has been great short term plays. so if you bought in @ 1.80's you have a good play over the next quarter. If you bought in way sub dollars and didn't sell when it went to nearly 4 bucks, your foolish and missed the boat. You could have re-bought many times and earned far more money. not a doubter, just a guy with his eyes open, no one is schooling me here. we will see whats up when you see what the share count turns into over the next few months, something you seem to want to ignore....
ya, I saw that. the dumping was rampant ped would have closed way lower if they didn't step in. what a sea of red on the level II. all those shares bought up and then put back in play so fast. Kukes should have been a little more gradual on his dilution. will be interesting to see how many share are in the O/S column next month.
even more no substance PR. Bannon really , really really needs money and a pump before the R/S as he runs out of shares yet again. the only reason there is a PR at all is that its the end of the month and bannon needs money. But nobody is buying this garbage scam ticker so its mute. bannon maybe generated a couple thousand from newbie suckers listening to pumpers but that's about it. Some more B.S will come soon as this last weeks attempt has been as dismal failure like everything bannon touches
EXACTLY RIGHT the only reason there is a PR at all is that its the end of the month and bannon needs money. But nobody is buying this garbage scam ticker so its mute. bannon maybe generated a couple thousand from newbie suckers listening to pumpers but that's about it. Some more B.S will come soon as this last weeks attempt has been as dismal failure like everything bannon touches
DID YOU ALL SEE THE NEWS ? holy re-post batman LOL. but it does make sense I suppose, it is closing in on the end of the month and bannon needs to try to get some interest out there so suckers will buy more of his debt.
you should read the 10K or at least the excerpt I already gave you. those shares are already out there. kukes has been paid. kukes is not sitting with any retailers. I'm not complaining about anything. I am just sharing public info for others to see. I never understood people that want everyone else to do ALL the DD for them and tell them what to do. Or tell them what things will cost and give projections. The long and short of it is that PED lost less money in this filling, good but took a lot from share holders with dilution ( people that pay attention saw this every month as the new shares are reported ) share holders don't like to see top heavy companies de-value their stock with dilution. Here is a question for you, now that you see the huge outstanding share count increase over the last year what do you think that recent 8K company news release was designed to do?
"well, Kukes gave a loan and has changed the loan to shares at a price of $ 2.13. So he now is the same risktaker than other retail.
Thats good.
You say he now sells the purchase of $ 2.13 for under $ 2. How do you think Kukes has made millions ? "
this is how, with the dilution I spoke of. read the 10 K all you need to know is there now you have 45,288,828 shares to work with so no one has to worry about getting shares, plenty out there. They only need to think about what that did to the value of the shares they already had :
Convertible Notes Amendment and Conversion
On February 15, 2019, the Company and SK Energy agreed to amend the Convertible Notes (including the August 2018 SK Energy Note), October 2018 SK Energy Note, and the January 2019 SK Energy Note, to remove the conversion limitation that previously prevented SK Energy from converting any portion of the notes into common stock of the Company if such conversion would have resulted in SK Energy beneficially owning more than 49.9% of the Company’s outstanding shares of common stock
Immediately following the entry into the amendment, on February 15, 2019, SK Energy elected to convert (i) all $15,000,000 of the outstanding principal and all $126,000 of accrued interest then owed under the January 2019 SK Energy Note into common stock of the Company at a conversion price of $1.50 per share, as set forth in the January 2019 SK Energy Note into 10,083,819 shares of restricted common stock of the Company, and (ii) all $7,000,000 of the outstanding principal and all $187,000 of accrued interest under the October 2018 SK Energy Note into common stock of the Company at a conversion price of $1.79 per share, as set forth in the October 2018 SK Energy Note, into 4,014,959 shares of restricted common stock of the Company.
On March 1, 2019, the Company and SK Energy amended the June 2018 SK Energy Note, to provide SK Energy the right, at any time, at its option, to convert the principal and interest owed under such June 2018 SK Energy Note, into shares of the Company’s common stock, at a conversion price of $2.13 per share.
In addition, on March 1, 2019, the holders of $1,500,000 in aggregate principal amount of Convertible sold their Convertible Notes at face value plus accrued and unpaid interest through March 1, 2019 to SK Energy (the “Convertible Note Sale”). Holders which sold their Convertible Notes pursuant to the Convertible Note Sale to SK Energy, including an executive officer of SK Energy ($200,000 in principal amount of Convertible Notes); a trust affiliated with John J. Scelfo, a director of the Company ($500,000 in principal amount of Convertible Notes); an entity affiliated with Ivar Siem, a director of the Company, and J. Douglas Schick the President of the Company ($500,000 in principal amount of Convertible Notes); and Harold Douglas Evans, a director of the Company ($200,000 in principal amount of Convertible Notes).
Immediately following the effectiveness of the SK Energy Note Amendment and Convertible Note Sale, on March 1, 2019, SK Energy and the Unaffiliated Holder elected to convert all $31,300,000 of outstanding principal and an aggregate of $1,460,000 of accrued interest under the June 2018 SK Energy Note, SK Energy’s $22 million Convertible Note and all other Convertible Notes, into common stock of the Company at a conversion price of $2.13 per share (the “Conversion Price” and the “Conversions”) as set forth in the June 2018 SK Energy Note, as amended, and the Convertible Notes (including SK Energy’s $22 million Convertible Note (collectively, the “Notes”), into an aggregate of 15,381,605 shares of restricted common stock of the Company (the “Conversion Shares”).
OMG!! HILARIOUS TO LOOK AT HOW MANY PEOPLE ARE ACCEPTING SHARES AS CONVERTIBLE DEBT FROM bannon. month after month after month, those dummies must not have Google lol. the other laugh fest was the value they put on the trade name !! it has no value, its a synonym for SCAM!
I don't disagree on the split numbers, but I do think that potentially post split there could be a surge that could be profitable if you are in at the very bottom pre-split.. AS A MAYBE lol but I'm in no way advocating it.... and yes I saw that " we can use share holder monies as we see fit " deal in that filing, bannon is a blatant crook
if this thing ever even attempts to run. bannon will pile on the dilution "IPO" shares so fast it will crush it to oblivion in hours . The only money making position here is to own @ .0002 or lower and trade on the R/S that will happen. and if you don't literally sit and stare at the screen for that couple hours ready to push sell you will just be stuck with something worth less then zero , but there may still be money to make here.
HA HA HA An IPO on a dead scam company!! " marketing " a dead company. The good news is bant isn't even managing 20 trades a day. About time bannon is getting hit in the pocket book. Bad news he is still diluting the crap out of this ticker with those less then 20 trade days and the shares are going somewhere so bannon is still screwing people out of money. stupid people but even stupid people gotta eat. let the ridiculous averaging down talk begin .........
what does this mean?
well, Kukes gave a loan and has changed the loan to shares at a price of $ 2.13. So he now is the same risktaker than other retail. he had given the loan more then a year ago if I remember . and took interest payments on the loan to his startup company. then payed the loan back by taking shares. some may say in an effort to show a company with no debt. some may say to move his own money around. I say both he took the risk at the start of this adventure, don't try to give him credit twice.
Thats good.
You say he now sells the purchase of $ 2.13 for under $ 2. How do you think Kukes has made millions ? Not sure why you think I said that. what has he sold?
Why do you think Kukes is a liar ? Do you realy think in his age with all his money he had nothing better to do ? Come on - you said you are a business man as well.... I do think he is less then truthful
So you are not believing the latest statement of the company having the first of several wells ready with an IP30 of 480 BOEPD (88% oil). You think that Kukes is a liar ? didnt say I dont believe the 8K, for his sake I hope he didnt file a false report with the SEC We shall see what ped pumps in the next quarterly. Or if you have a subscription to a service you can see what is being pumped currently ;)
PED is a little REI. They both have the same business model. REI is also very successful in the same region. If they find oil there PED also will. And they produce a lot of oil in that region. I live in Weld County and own sub surface rights , I have a good understanding of what companies do here. As I have stated I am exposed to many people that work for the 3 major companies here. That gives me insight into areas I dont have knowledge of. We are not talking about REI we are talking about PED.
Give us your projections of PED´s production from 8 to 9 wells drilled and producing by end of year. Can't comment on horizontals not drilled yet. Been apart of 2 large horizontals that looked supper bad ass and turned out to be just OK. And dont forget this is called pooling for a reason. I can tell you this, it takes time especially when you have to pay for it all. PED is 6 guys in an office, probably not even the same office . That means they don't have 150 trucks driving around with guys working . They have to use all outside labor. now if ped can show a more positive revenue outlook on the next quarterly I'm sure more people will take them seriously. Don't forget I'm not the one who has been dumping shares for the last 6 weeks. Its the market and the market sets the PPS
Don´t live in the past any longer....
I agree don't live in the past but there is tons to learn there, it's called experience after it happens
no BS about it. all I have ever said is fact. Tell me where I got it wrong. When I do my DD I sometimes look back at previous posts of " projections " . Lots of sunshine of oil wells and pumping oil from old used up holes. yet the fact remains , low oil production, high land acquisition. high quarterly losses. Until they turn that around nothing will get better for the long's Good oil companies make money when crude is above 40. Again please do tell us all what BS I have posted......
and today is yesterday's future and what did the PPS do ???
ignoring history is what got you where you are today
ya, ya , we get it. they got some lame no money contracts for replacement parts. come up with something new.
people are really loosing interest in PED . Selling is rampant and the PPS is plummeting. Kukes better figure out how to make money or at least show ped can generate revenue instead of debt or find a buyer for his land. There is no explaining away loss after loss to share holders. PED is just a money moving machine for Kukes. A place for him to hide money . Loan it and pay it back. I will re-enter soon. we are close to the bottom IMO. Then either trade out again on a peak or hope for a buy from an oil company.
that explains a bit there huh? drus used to at least have decent contracts . didn't make money with them but at least decent numbers. now they are all like a hundred bucks or 500 bucks. Looks like even the government isn't wanting to deal with bannons scam machine. just piddly little stuff like small maintenance items. And even that is drying up. The bant news becomes more pathetic buy the day. Thanks for the info
hope bannon shined up his resume LOL. this turd sandwich scam called drus /bant has come to a screeching halt. no more free revenue on the backs of share holders. its super cool no one is buying this mutt , we all know buying bant is the same as sending cash in the mail to bannon. he will need to bust out another scam or get a job scamming for someone else. it is clear he has zero businesses ability so scamming is his only fall back. hopefully bannon finds a nice refrigerator box to live in on the beach. couldn't have happened to a better deserved person
your right I must not know business the way you do. But then again I don't run a flower shop. I have a CNC machine shop that has 14 employees and did just under 7.5 million last year. I understand expenses and capitol investment. I just purchased another $400K machine last month. It will make money for the company. And my quarterly will still look better then ped. I am in oil country in Colorado, I know these areas and many people in the industry. Heck we make parts for some. Buying up old used up oil properties with zero infrastructure isn't a money making proposition. Its a way to move money around for Kukes. And those that can read a 10K will see this. Why do you think there has been such a sell off from the institutional owners ( that pretty much don't exist any more ) all the way to retail stock owners? And don't even start with short interest , it has no bearing on whats been going on here. ped has never, ever made money. When you show such a large loss monthly as ped does it means it is generating debt. money doesn't come out of thin air, Kukes funds the company. loans money to it and then pays himself back, mostly in stock shares. ( what do you think the long term consequence is going to be? ) Then claims all debt paid. It is 6 guys buying land and pumping almost no oil. That is why Oil prices have very little to do with ped PPS. As I stated before, there are two plays here. Trading on the swings and staying long hoping that ped gets bought up for the subsurface rights.
not trying to bash on ped, just keeping it real
actually the last filling shows they continue to lose money every quarter and the debt was a loan from Kukes to himself basically and he paid himself back with stock shares. ( watch for dilution ) ped has no money on its own. The market and fund investors are not dumb, they know there isn't much upside here with ped. This is a shell land acquisition company that pumps very little oil. there are only 6 employees that take the money off the top. ped has never had a positive cash flow quarter. there are only two plays here, 1 trade the peaks and valley's OR stay long hoping ped gets bought up by a real oil company.
this is the current institutional holdings and also the increased positions by count and decreased positions by count. not just a list of institutions that used to own PED and have since sold out. some on the other list are not relevant as they hold zero shares. PED is all the way down to .63% institutional ownership. that's a 2% decrease since last Q. things are getting rough at ped.....
CURRENT
INCREASED
DECREASED OR SOLD OUT
NEWEST SINCE LAST Q