Powder River Petroleum International Inc (fka PWDR)

[jktdet]

Yeah everybody is getting something but shareholders. I am beginning to wonder if we can ever reach a reasonable share price if they continue to dilute the OS. By the way IIRC the bonuses are not tied to profits but to O&G revenue. So he gets paid regardless of the financial health of the company though it is tied to a minimum level of revenue.

We waited patiently for the weather to dry up in TX that was a reality but we have been high and dry here for many months so production in Goliad should be going... but with no production numbers who knows. Blows me away that they have not published production numbers after telling us at the shareholder meeting they would. Then there were all the rumors flying about the Berlin EX and a massive short position that would have to be covered, oh and we had an application into the AMEX and were being granted a waiver. I guess all of that was either overstated or someone jumped the gun on what the AMEX would do. Now we have the Sunshine Group who may be for real but is going to come at a very steep price in terms of more dilution and cash. How bad that impacts us is anyone's guess.

I don't know but I am having a tough time understanding who is looking out for shareholder value? The appeal here is getting hard to find. Be nice to see some insiders buying at these prices to show us they have faith in where we are going. Overcoming all this dilution will likely take some time and sure won't happen if the Company continues to keep investors in the dark. I don't have a problem if this is 2 or 3 years away from happening but it is really hard to figure out what the potential here is anymore. I don't see a move in the short term.

Anybody know what the Sunshine guys are going to do? Raise capital, bring other investors, make an investment themselves? It would help to understand their plans in order figure out what impact they might have.

Anybody see a bright spot here anymore?

jktdet