This is my 3rd post for today and therefore my last. If it's what I think, it's not a MM, although they're probably colluding with the whale doing the accumulating, and it is to his benefit to get as many shares as possible for as cheap as possible if the company is being sold for a premium based on tangible assets and a thorough study confirming a large amount of oil on the properties. My guess is that the absolute floor on a B/O would be what FS paid for his 100MM common shares, which would be .0012/share, and I'm assuming the whale AND FS want to make as much money as possible on any B/O, so I think the price would be considerably higher. It's also possible that FS and Judson Hoover have made some sort of deal with a private equity company that's willing to settle for part of the take once PEII shares become the acquirer's shares and much more valuable. That's actually more in line with what both FS and ESPECIALLY JH do as opposed to being oil men. Judging by the worst case scenario of 25 billion shares OS, and what I calculated the available oil and assets to be worth, I came up with a share price on B/O of between .02 and .03. That's quite a lot less than my original estimate based on just 5 billion shares of .10 to .12,, but in relation to what it's trading at right now, that's still one helluva premium. This is all just what I think based on my gut feeling and a lot of small bits of information that I've come across, and the recent trading action makes me think I'm right, but I could very well be completely wrong. I don't think so to the tune of 130MM of my own shares, but it's definitely possible that I'm completely off base. It certainly wouldn't be the first time, but I've been doing this for over 20 years now, and I've obviously been right a lot more than I was wrong or I wouldn't have the money to place a $52,000 bet on a sub penny stock. I hope all of you realize the odds on these OTC stocks. You're (seriously) more likely to be struck by lightning than to pick an OTC stock that actually makes it to a real exchange, but I did my DD to my satisfaction and decided PEII has a better than average chance of being one or at least being bought at a premium by a large company. The current political climate in several parts of the world don't hurt the prospect of this being a winner, either. But ... it is YOUR money, and YOU are responsible for what you do with it (that'd be true even if you were a client of mine), so you and everyone else need to do what is appropriate for your individual financial situation. I can afford to lose $52,000. I don't particularly want to, but it's a relatively small amount compared to my other holdings, and I'm willing to risk it in order to have the chance at a home run. If I hadn't taken these kind of risks in the past I wouldn't have the money to make this kind of bet now. And as much as I like to think it's my experience and skill that got me here, I have to acknowledge the possibility that I've just been really lucky. Whatever you guys do, I hope it works out for the best. Good luck to all of you and me, too, because something tells me a little luck is going to be needed on this one. Peace and I'll chat with you guys tomorrow.
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