Petron Energy II Inc (fka PEII)

[Feedthemonster]

As we say here in the South during college football season: SEC! SEC! SEC! lol

The reality is that FS WAS misleading in both PR's and radio interviews in regards to:
1) Output of Snyder/Simons (Sept 2013) - Expected 100bpd got drips
2) Bakken Shale Play - we all know what happened here
3) Profitable by mid 2014 became end 2014
4) Website up for months during slow/steady dilution. Website goes down for maintenance and 6B!!! are issued during that time specifically
5) New wells with big targets...still no revenue
6) With no revenue...using funds for more acquisitions
7) 8B total shares sold for approx $10M. The only revenue this generated was TX online at 10bpd.
8) S-1 Approval and immediate selling back below .01
9) Paperwork not filed which would allow PEII to continue trading on Scottrade & Ameritrade. This alone crushed volume and cemented the stock position.

All the while FS CLEARLY mislead investors over and over in both PR's (regarding expected production numbers from re-worked wells) and on the radio show (hinting that BIG THINGS "just around the corner").

I personally filed with the SEC last year after losing $40k to these lies. The Bakken play confirmed it all for me in the end. The website down with 6B shares printed was CRIMINAL.

Anyone here who says "sour grapes" and "learn to trade" are both correct and also looking to buy/flip. What was done to shareholders here is atypical even for a penny stock. Either we believe it was an intentional pump and dump OR the CEO is utterly incompetent (as in accumulating new leases and debt without focusing on existing leases first...leaving dilution as the only option to sustain whatever ops they have.

I think its time to hold FS responsible. I know nothing about the process of a class action suit but if/when this happens I hope I can be a part of it.