Everyone is concerned about dilution: lets look at a few facts, you know folks, those things anyone can calculate and should look into BEFORE buying a stock. As of 11/06/2013 the (pre 500:1) share price for PEII was $0.0058/share and there were 224,282,437 OS w/ market value of $1,300,838. Move ahead to 01/06/2014 and the (pre 500:1) share price was $0.006/share with 480,854,628 OS w/ market value of $2,885,128. On 2/24/2014 the (pre 500:1) share price was $0.0018 with 1,148,515,257 shares outstanding (OS) which calculates to $2,067,327.00 market value. All the while next to NO oil pumping and income from pipeline, oil services and of course selling shares. Fast forward to today, Approx. 64M Shares OS (my estimate) @ a share price of $.0047/share and market value of ONLY $300,800 for a company that has assets of $3,383,332 and first 6 months oil and gas sales of $111,527, which is $18,588/month. Now add the Texas typical oil sales (@ 15BOD)/month= $44,000(approx.) to this and get approx. $62,588/month in present oil sales X 12= $751,056/year. That is with NO increase of oil from here out. Lets add 40BOD output from Snyder-Simmons leases and see where it goes. 40BOD X $97/BBL = $3880.00/day or $116,400/ month or $1,396,800 + $ $751,000 (existing sales) = $2,146,800/year total income. The numbers don't lie. People lie! This is why I bought and am going to buy more PEII. You do what you want! This is going to GROW! All IMO.
