Pacific Energy & Mining Co (PEMC)

[lytnup]

Interesting bio....sorta helps connect the dots.

Not too long ago, PEMC (Tariq Ahmad, president, Dan Green Vice President) bought Colorado Utah Natural Gas (Tariq Ahmad, founder, Dan Green, Secretary) with 12M PEMC shares. Dan Green also runs WNRC, which not too long ago purchased Satview Broadband (Tariq Ahmad, President) and NgenSolutions (Tariq Ahmad and Dan Green, directors) for 5M shares of WNRC. Since that time, PEMC has bought WNRC shares, calling them "an investment".

The game seems to be to use PEMC as the cash cow for all these other things Tariq and Dan are involved in, with no regard at all for any other PEMC shareholders. The company has been dark for 3+ years on financials, and has also refused to update their reserves numbers of oil & NG, which used to be the gem here. I think retail shareholders here have seen a little bit of everything from these guys in the past three years: acquisitions, a "pretend" sale of assets, more acquisitions, more "farmout" agreements.......and yet the stock remains mired below a dime a share.

Can you tell me what the company's remaining assets are worth? Can you tell me what their cash flow is?

I can't tell from the recent PRs - looks like more Nevada bullsh*t to me.