Pacific Energy & Mining Co (PEMC)

[lytnup]

PEMC owns a lot of things, but can only do 3 things that will benefit all shareholders ( and not just some, as has been the case for the last 4 years ) :

1). be acquired - hasn't happened, no indication that it will happen

2). distribute earnings to shareholders - hasn't happened, highly unlikely that it ever will

3). buyback common stock with proceeds from oil and gas sales - hasn't happened, unlikely to happen in the future .

the company has been dark for 3 years, has not made material information public, is delinquent on its filings, and makes no attempts to keep it share holders informed.

it is controlled by a couple of guys that have their hands in a number of other nano cap stock companies, and they answer to no 1 but themselves.

until that changes, this has been, and remains, a lousy investment.