Petron Energy II Inc (fka PEII)

[Feedthemonster]

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.