Thanks Bluetick, I appreciate you have stuck it out with others here. I like the site, and the fact that they have a video and updated information sure gives promise to pulse technology which I have always and continue to believe in.
Compare that with PROP:
- a public company with very late filings for NO good reason. They have plenty of cash (we assume) and there is no excuse to not be able to get the filings out especially when they have nothing going on
- Huge cash reserve with which they have done nothing meaningful with. I am assuming they still have the huge reserve, but if we were to find out differently, it would be a disaster
- To boot, they have have had no meaningful press releases for a very long long time which is an absolute disgrace
- CEO made big promises in Jan 2016 and hired sidekick in Mar 2016, and both are now gone. The ONLY deal they did that entire time was the Pemex wells and even those we have NO IDEA how they are doing or if they even are ongoing.
- New CEO hasnt even come to America yet, yes the great USA, where this company is actually located, in the lone star state of Texas. How can a CEO run the company from another country, I have no friggin idea how it's possible. They have downsized their offices - does that sound like a growing company or one that is trying to save every dime they have (which may be a good thing in its own right, but still))
- They have this incredible technology which we originally thought was going to be the core of the company and they simply saw no way to build the business solely around that, so they pursued the approach of using that technology in their own wells, which while that is great to do, its ONLY A FRACTION of the potential of licensing that technology which was what the company was supposed to be based on all along. To use this technology only in your own wells is totally selling short of the original goal. Imagine licensing this to a myriad of well operators, you'd think that that would be so profitable but even the company has admitted that that is not such a great potential since, well, they're NOT doing that! Why, I have no idea, Brian could never fully explain that to me, rather pointing to the Pemex wells as sort of a test bed, well, ok, maybe, but we have no news on that progress.
- company name change - big deal, they were forced to do that due to copyright
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Why the stock has all of a sudden spike, I have no idea. If there is insider info that is propelling that, then that is flat out illegal. I am taking advantage of this opportunity to sell sell sell. I have sold 60% of my holdings and will have sold out completely maybe around a dime and I will move on. If that comes to fruition, I will have made a decent amount of money but will have gone thru more pain that I would have ever dreamed to accomplish that.
As for the math, the FULLY diluted share count of around 420 million shares at current 5 cents/share gives a value of 21 million, while their last reported cash position is around say 9.5 million. IF the stock price goes to 8 cents then that makes it a 34 million dollar company. Hmm, that is approaching too expensive for me based on no reported plans.
This company was trading at a penny only a few days ago, and there were a bunch of us that saw it was just dirt cheap and went in with one or two hands to buy - I might have bought more but with zero news it was a bit disconcerting. Now the stock has rallied for no reason, and everyone is talking about this Rooskie Abromovich and associates and how they are worth billions, bla bla bla, etc. Well they were worth that much all along, but why are people all of a sudden talking about that, nothing has changed but the stock price, nothing at all.
No, these guys are dopes. They had the potential for a good gig and could make nothing out of it, which honestly is a disgrace. If I ever saw Brian in the streets of Houston I would give him hell for his incompetence. Now the ownership is trying to pick up the pieces, has said enough is enough and is maybe trying to do something, but we have absolutely no visibility yet. Where were they, what oversight were they exercising the whole 15 months that Brian was at the helm? Why did they put up with this crap for so long and finally now swoop in to take over the reins?
Sorry, it's too late in my book, they had their chance and they blew it. I am getting out hopefully with a nice profit and moving on, there are other companies out there with much more transparency. An actual filing and/or a press release should be able to spike this back to a dime, and I sincerely wish you and all the long timers like Pookie all the success in the world with this.
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