Replies to post #20771 on Petron Energy II Inc (fka PEII)

[BigJuan]

Well, the MM's that convert drive the price down so they can convert as low as possible. Guessing that is not the case of CPUS based on the 10 day prior conversion and no set schedule for drawdown requests.

Eitherway, none of them are gonna want to lose here.

Still have to wonder about Floyd's purchase of 100 million shares at .0012. One has to admit he is not going to throw money away and he definitely knew that this was going to be ugly before the selling stopped IMO.

Its amazing how often it happens that after a prolonged period of heavy selling stops that companies tend to have great news and recover.

FYI

Conversions of debt were approximately $575,000 in the first quarter of 2014

Total issued and converted from Jan to April 7th approximately 1.25 billion with another 290 million in restricted common. Not sure what if any other was converted between then and now expect for the drawdown. I think the last due convertible was April 5th and the bulk of any other convertibles come due later in the year from what I can remember reading. Thats why I think this can reverse once the selling is done, why Floyd bought at .0012 a 100 million shares and why we should hear production news/updates once the sellers are gone so that any MM's/hedgies are making their money too.

From January 1, 2014 through April 7, 2014, 318,060 shares of its Series B Preferred Convertible Stock were converted into 154,066,994 shares of the Company’s common stock.

From January 1, 2014 through April 7, 2014, the Company issued 22,715.580 shares to the Company’s directors for their fees.

From January 1, 2014 through April 7, 2014, the Company sold an aggregate of 235,351,807 shares of the Company’s restricted common stock to 34 “accredited investors” in private transactions for aggregate consideration of $288,810.

From January 1, 2014 through April 7, 2014, the Company issued 15,416,667 shares of its common stock to vendors for services rendered.

From January 1, 2014 through April 7, 2014, the Company issued 312,267,996 shares of its common stock to AGS Capital Group, LLC in connection with convertible promissory notes entered into by and between the Company and AGS Capital Group, LLC.

From January1, 2014 through April 7, 2014, the Company issued 111,318,172 shares of its common stock to WHC Capital, LLC in connection with convertible promissory notes entered into by and between the Company and WHC Capital, LLC.

From January 1, 2014 through April 7, 2014, the Company issued 44,473,361 shares of its common stock to Continental Equities, LLC in connection with convertible promissory notes entered into by and between the Company and Continental Equities, LLC.

From January 1, 2014 through April 7, 2014, the Company issued 95,518,769 shares of its common stock to Asher Enterprises, Inc. in connection with convertible promissory notes entered into by and between the Company and Asher Enterprises, Inc.

From January 1, 2014 through April 7, 2014, the Company issued 51,814,269 shares of its common stock to LG Capital Funding, LLC in connection with convertible promissory notes entered into by and between the Company and LG Capital Funding, LLC.

From January 1, 2014 through April 7, 2014, the Company issued 97,935,558 shares of its common stock to Union Capital, LLC in connection a convertible promissory note entered into by and between the Company and Union Capital, LLC.

From January 1, 2014 through April 7, 2014, the Company issued 201,316,787 shares of its common stock to Darling Capital, LLC in connection a convertible promissory note entered into by and between the Company and Darling Capital, LLC.

From January 1, 2014 through April 7, 2014, the Company issued 10,416,667 shares of its common stock to Blackbridge Capital in connection a convertible promissory note entered into by and between the Company and Blackbridge Capital.

From January 1, 2014 through April 7, 2014, the Company issued 34,950,000 shares of its common stock to Auctus in connection a convertible promissory note entered into by and between the Company and Auctus.

On April 3, 2014, the Company issued 30,300,030 shares in a partial conversion to a certain investor in exchange for the settlement of certain outstanding debt of the Company.