Replies to post #6732 on Petron Energy II Inc (fka PEII)

[jdubb75]

My thoughts exactly. I pulled my money off the table to cut losses and I wasn't willing to average down any more. If it actually does go for a good run I should be able to jump back in and at least make back my losses if not turn a profit.

I get it, they need to finance operations until profits come. They may have had absolutely nothing to do with last weeks fiasco other than securing the financing some time ago. But, to make it so difficult to obtain public knowledge about their share structure does not bode well for investor confidence...plain and simple.

I'm still rooting for them, but they need to work on transparency. Maybe some of the new players they've recently brought on board will lend a hand in getting things straightened out.

Hopefully they will all have their hands full with the logistics of handling copious amounts of crude soon.

[GoldRus]

Trying to tell you that there may be other interests in PEII that were involved in cashing out. I don't want to name the financier that is notorious for this kind of tactic. The following was my opinion which was posted on Nov 1 about it:

Sounds to me like a some financier cashed in their shares and paid a marketing group to run a third party promotion on the heels of promising production numbers. Plain and simple. Seems to be over so upward onto oil production. Even the initial Bakken PR may have been put out by a promo company then withdrawn or denounced by PEII. I have seen worse. $PEII$