Pledge Petroleum Corp. (fka PROP)

[PennyStockTrader2]

Well, remember what they set out to do in Jan 2016 (see the investor presentation, it's an 8-K itself). They want to be in the business THEMSELVES of drilling oil and using their own technology in the process. Nothing wrong with that persay, but notice the focus, doing their own drilling versus licensing out their tool. I could never figure that out completely - I mean one would think they could have a bonanza just licensing out their tools and focusing on that aspect vs just becoming another oil driller. But certainly they did their due diligence at the time to determine that that would be the best use of their resources and the most profitable. they have said nothing since then to be in disagreement with that. I looked at the Mexico well project as something to help with revenues in the meantime and lure other customers in so that they would have the best of both worlds ultimately. Beats me what's going on.