UncleDad, most of what you go on about has a certain merit. I get it, you lost money investing in PEII, most have to this point too. Production of oil in real sustained quantities with subsequent sales of same for revenue is the ONLY way this company survives (long term). We all get that, too. You and some others here believe this is a scam stock with no real production and a bunch of empty promises by FS to that effect. Maybe Lord Floyd is manipulating this stock to his benefit and gains, very likely, BUT, I think with all the undoubtedly unflattering e-mail and phone calls directed at him lately; FS likely realizes he actually HAS TO deliver and soon because he has publicly said things about future production and progress reports that could be held against him legally should he not deliver. That said, I think FS is motivated to not totally screw the common share holders this go around. Yeah, we are up 80% in OS, We are likely at 40 Million shares at this point at a penny or less a share, That's a total value of $400,000.00 for ALL outstanding shares. That's DIRT cheap! Let me know when we get to 150-200 Million shares at this share price level and then I might get a little concerned. There are penny stocks out there that only bleed money that are going for .005/ share @ 750 Million to 1 Billion shares OS and people are still buying them because they HOPE it will pay off some day. We are no where near that, if we were I wouldn't buy this, period but others might. Bottom line, with a little luck here we share holders might be very happy where PEII heads by the end of August, all be it a bumpy road to get there. IMO.
AI
