Petron Energy II Inc (fka PEII)

[mario3349]

PEII was in a NO revenue (and none coming soon) scenario prior to the recent RS. It had no choice but to sell shares as many, at whatever price and as often as it could to make up operating capitol for daily operations. Sucks for share holders though because it tanked share value. That has been modified now with Texas back online (there was NO oil production for over a year prior to that). There will be less of a push to do that now and when Snyder-Simmons comes online and we get to around 50BOD oil production then dilution will likely slow appreciably because FS won't need to sell as many shares to pay the bills, oil sales will do it instead.