Replies to post #6552 on Petro America Corp. (fka PTRZ)

[flaflyersfan]

kej, link;

http://activequote.fidelity.com/mmnet/SymLookup.phtml

Good luck.

[xpvp]

I don't think this is a pump&dump; I think they actually believe their own PR.

The funny thing is, it might just work!

Imagine someone that has the rights to $1 Billion worth of gold in the ground - but it will take $1 Billion to mine it and extract it... how much could you sell it for? Zero! Even if gold goes up in the future, that's usually accompanied by inflation so that the cost of getting the gold goes up too. So selling the rights (or especially 49% of the rights) for a small amount of cash and shares of indeterminate value might be attractive.

But the economy we're in now, means gold may double while costs are cut in half... presto, you now have $1.5 billion net asset value, for which you paid much much less! (...then rinse and repeat, and repeat, and repeat...)

I have no idea if that's what's going on... but if so, it just might work!