Paradigm Oil and Gas Inc (PDGO)

[Prosper/high]

Business $PDGO Something big is happening – Our take
We see several scenarios to explain the share price jump:

The company is about to release news about its operations: Honestly, this is not likely. The company has not put out any press release in the last two years. The last one was this one in October 2014. Hence, the chances of having extremely good news are limited.
The company is about to make changes in the amount of shares outstanding: that could happen, and it would explain the share price increases. You know how it works. If the amount of shares is reduced, the company is divided into less amount of stock, and the share price increases. Market participants could have heard a rumor about it, and rapidly purchased shares to make some returns. If the company is about to do this, it will announce it soon.
The company paid some debt: in this case, the financial risk may be reduced, and then the share price would increase too. Like in the last scenario, rumors could be playing a major role.
New shareholders bought the stock: Like it happened in September 27, 2014, when Blackbridge Capital, LLC (9.9%) and when Tangiers Investment Group, LLC (9.9%) acquired stakes in the company on July 9, 2017, a new investor could be buying shares in the open market.
A merger could be close: This is what we saw written in twitter, and on the iHub Forum. The fact that the company still owns some assets makes this a serious scenario:“Rumor takeover by NIRA petroleum. Same CEO and address. Takeover would get NIRA publically traded. load the ticker change? Source

Paradigm Enterprises, Inc. is a very old company, founded in Nevada on July 15, 2002 in order to engage in the acquisition, exploration, and development of oil and gas properties. On February 7, 2005, the company executed a name change turning to be called Paradigm Oil and Gas, Inc. Additionally, on January 28, 2010, the company executed a reverse merger with “Intergrated Oil and Gas Solutions Inc.” and became public.

PDGO is considered as an exploration company at the moment. Thus, we will review the leasing contracts signed, which, at the end of the day, are the “assets” owned. The following are the working interests of PDGO:

September 30,
2011
Chilson Property
Acquisition cost January 28, 2010
$ 121,774
Cost of work over program
21,350
$ 143,124
Lett Finlay Property
Acquisition cost January 28, 2010
$ 308,708
$ 308,708
Lumpkin Property
Acquisition cost January 28, 2010
$ 111,057
$ 111,057
Chilson B
Acquisition cost June 30, 2010
$ 17,977
$ 17,977
Corsicana
Acquisition cost June 22, 2010
$ 20,700
$ 20,700
Source

Why is this information so old? It is a fact that the company does not communicate a lot to the market. The last documents filed with the SEC are from the year 2014. Additionally, the last press releases were put out on the website at the end of 2014 as well. Hence, we cannot justify the latest movement with news from the company. It is good that we found that the company acquired some properties in the past. These are leasing contracts to explore fields that are still owned by PDGO, and that could interest any other oil and gas company operating in the area. This is what twitter.com says, but lets see every possibility.

Something big is happening – Our take

We see several scenarios to explain the share price jump:

The company is about to release news about its operations: Honestly, this is not likely. The company has not put out any press release in the last two years. The last one was this one in October 2014. Hence, the chances of having extremely good news are limited.
The company is about to make changes in the amount of shares outstanding: that could happen, and it would explain the share price increases. You know how it works. If the amount of shares is reduced, the company is divided into less amount of stock, and the share price increases. Market participants could have heard a rumor about it, and rapidly purchased shares to make some returns. If the company is about to do this, it will announce it soon.
The company paid some debt: in this case, the financial risk may be reduced, and then the share price would increase too. Like in the last scenario, rumors could be playing a major role.
New shareholders bought the stock: Like it happened in September 27, 2014, when Blackbridge Capital, LLC (9.9%) and when Tangiers Investment Group, LLC (9.9%) acquired stakes in the company on July 9, 2017, a new investor could be buying shares in the open market.
A merger could be close: This is what we saw written in twitter, and on the iHub Forum. The fact that the company still owns some assets makes this a serious scenario:“Rumor takeover by NIRA petroleum. Same CEO and address. Takeover would get NIRA publically traded. load the ticker change? Source
Financial Situation

For the email subscribers interested in the financial figures of the company, here is the last balance sheet.

Cash: $77,049
Natural gas and oil properties: $934,570
Total assets: $1,094,842
Accounts payable: $241,030
Total Liabilities: $674,683
Total outstanding shares: 354,373,549 shares as of September 30, 2014
Conclusion

PDGO is an oil and gas company with interesting assets. It stopped communicating to the market two years ago. Suddenly, some days ago, the share price jumped on high volume, and we wondered why. Hence, we commenced an investigation and concluded that the most likely scenarios are a merger with another company, new shareholders buying shares, share count reduction, or payments of debt. In any case, we expect the company to put out some news soon to clarify what is happening. We encourage investors to be alert and subscribe to our distribution list for more information about PDGO.


https://insiderfinancial.com/paradigm-oil-and-gas-inc-otcmktspdgo-turns-into-a-microcap-runner/124435/