I have been in and out of Piedmont several times. I have been accumulating some lately knowing it looked very dismal. I realize just how much Mr. Robert Shields and the others owned. I know it looked hopeless, but I believed they would just not give up.
Looks like they did not give up. I will not take much, owning at these levels to make a nice profit.
There is life again at Piedmount Mining
This March and April should be interesting. They did not take the route of a reverse split and futher dilution into oblivion like so many penny stocks do.
Remember the investment to generate income from oil wells. These guys do not borrow and borrow and borrow and then no more. Comes from their generation.
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