Pyramid Oil Company (PDO)

[RonZlats]

ImakeMONEY, you have that about right. You haven't seen a PR from the company in years...

They had an 8k filed today. Mr. Herman bought his block with a loan from an undisclosed bank. I find that interesting as well. I'd also find it interesting in knowing how he 1) found out that the Hathaway's block was for sale and 2) why he decided to buy this chunk.

Honestly, the stock may be a much better value at $3.5 today than it was when I purchased my first block of stock at $0.25. At that time, the company was on its knees and was losing money. It wasn't in debt, and there were no outstanding options... actually, the company was an option, could have expired within a year or so.

Now, the company IS earning money, has a nice size bank account, a new owner with a proven track record, high oil prices and still no dilutive securities. It took a long time for the stock to get over a buck. Given that 3.5 to 10 is the same move as 35 cents to a dollar, I find that the odds are much greater today of such a % move than they were back then. Obviously, if there are plans for this company, they have yet to be announced nor be put into action... but the potential to do great things are much better today than 5 years ago... just my opinion... and I and others have lost money on my opinion in the past as well as made some.