Replies to post #5101 on Patriot Energy Corporation (PGYC)

[flptrnkng]

This unnamed foreign company

that reportedly wants to buy all the 200M+ shares of PGYC at .42 (plus .02 quarterly royalties)...

Why wouldn't they just contract with Nino De Santis themselves?

Why would they pay over $84M for PGYC? Why wouldn't Mr. De Santis sell it to them for less than that? Mr. De Santis is holding 49M shares of restricted PGYC stock, worth about $1.8M at present prices.

Why not just sell it to them directly. Mr. De Santis makes more, the unnamed foreign company pays less.

Win-Win.

Except for PGYC holders.

Regards