Pacific Energy & Mining Co (PEMC)

[lytnup]

IMO the stock price was supported by paid brokers just long enough to complete the CUNG acquisition, which has allowed them to complete a couple of farmouts that generate enough revenue for their salaries and other things they may choose to invest in (like maybe common stock in another company that 1 of them is in charge of)

The value for investors here has always been the potential of a buyout, since the value of the reserves far exceeded the market cap....but the owners have shown no interest in pursuing that seriously.

there is no evidence that anything has changed that would make this an attractive speculative investment.