well, Kukes gave a loan and has changed the loan to shares at a price of $ 2.13. So he now is the same risktaker than other retail. he had given the loan more then a year ago if I remember . and took interest payments on the loan to his startup company. then payed the loan back by taking shares. some may say in an effort to show a company with no debt. some may say to move his own money around. I say both he took the risk at the start of this adventure, don't try to give him credit twice.
Thats good.
You say he now sells the purchase of $ 2.13 for under $ 2. How do you think Kukes has made millions ? Not sure why you think I said that. what has he sold?
Why do you think Kukes is a liar ? Do you realy think in his age with all his money he had nothing better to do ? Come on - you said you are a business man as well.... I do think he is less then truthful
So you are not believing the latest statement of the company having the first of several wells ready with an IP30 of 480 BOEPD (88% oil). You think that Kukes is a liar ? didnt say I dont believe the 8K, for his sake I hope he didnt file a false report with the SEC We shall see what ped pumps in the next quarterly. Or if you have a subscription to a service you can see what is being pumped currently ;)
PED is a little REI. They both have the same business model. REI is also very successful in the same region. If they find oil there PED also will. And they produce a lot of oil in that region. I live in Weld County and own sub surface rights , I have a good understanding of what companies do here. As I have stated I am exposed to many people that work for the 3 major companies here. That gives me insight into areas I dont have knowledge of. We are not talking about REI we are talking about PED.
Give us your projections of PED´s production from 8 to 9 wells drilled and producing by end of year. Can't comment on horizontals not drilled yet. Been apart of 2 large horizontals that looked supper bad ass and turned out to be just OK. And dont forget this is called pooling for a reason. I can tell you this, it takes time especially when you have to pay for it all. PED is 6 guys in an office, probably not even the same office . That means they don't have 150 trucks driving around with guys working . They have to use all outside labor. now if ped can show a more positive revenue outlook on the next quarterly I'm sure more people will take them seriously. Don't forget I'm not the one who has been dumping shares for the last 6 weeks. Its the market and the market sets the PPS
Don´t live in the past any longer....
I agree don't live in the past but there is tons to learn there, it's called experience after it happens
