Replies to post #1420 on Pledge Petroleum Corp. (fka PROP)

[PennyStockTrader2]

I firmly believe that they have NOT squandered the money, but are trying to be as conservative as possible, including their recent downsizing of office space. On the other end, I dont think they have bought anything b/c that would require the issuance of an 8-K for material information. So besides the salaries of the previous CEO and CFO and severance, I feel pretty good about the fact that they still have all their money piled up, dressed up with nowhere to go, so very sad. LOL

[Bluetick]

Well Hispeed... We all just keep diggin stuff up! I do Love a good mystery ! And Brother do we have one here ! Tentacles goin everywhere..I believe that the company is trying to keep as quiet as possible about the tech and possible acquisitions and or acquiring percentages for work performed ( in lieu of money payment ) to get as many old fields as possible during this downturn in oil price. If current owners of stripper fields, or marginal production fields don't know about this cheap application of technology to increase production, then maybe we get it on the cheap ? I downloaded the brochure from the link on the bond thing Jardine had there and around the last page it said the first pay outs would be December 2017 for bond holders. With the returns that are being offered...Some money is being made somewhere ! So... do we own, even partially, Jardine ? If not... some revenue should be coming PROP's way from Jardine using the PPT I would think. Still to me... it looks like this tech works. Now to get a big piece of the oil is left in these fields after normal recovery plays out is the name of the game ! Which could be upwards of 60% of what was the total initial barrels in the reservoir. Hell...I've been in this stock so long, I'm doin like I did back in my wild young Cowboy days...I'm ridin this b!t@h till it bucks me off ! We have a billionaire owner that doesn't do anything small ! I'm ridin into the sunset Brother ! Maybe we can figure this mystery out...Bluetick