chemist72 Saturday, 11/16/19 10:09:00 AM Re: paideia post# 5517 Post # of 5583 paideia, wouldn't worry about the board noise. Just a part of these message boards. I realize many are trying to understand what is going on with PED. I mean, its not every day you find a company where the primary shareholder has put in so much money into what is basically a new venture. In the oil patch yet, which is a very depressed sector currently. But maybe that is part of the plan. Get in and buy up assets when the price of those assets might be at a low point? Let's pay attention to the facts and not worry so much about motivations or conspiracy theories. Here's a summary of some of the important facts: 1) PED had no debt on their books as of the latest 10-Q. 2) Insiders own about 88-89% of PED common shares. 3) Institutions own a small but perhaps growing number of shares. (Growth of tutes shares is not a fact, but something I will be watching closely.) 4) Company has announced a potential tripling of revenues by putting an additional 6 wells into production around the end of March 2020. (Not a fact yet. But company has in the past followed through on most (if not all) of their forward looking projections.) 5) Even with their current modest revenues ($3-4M per quarter), PED is already close to breakeven (losing ~$3M per quarter on average so far in 2019).