Replies to post #10585 on Petron Energy II Inc (fka PEII)

[Woodsy]

I listened to Floyd on his radio hit. Floyd must pay Bert money to appear on Money For Lunch, right?

On this outing, Floyd Smith was asked about S1 filing, for $10 million, he said he filed answers to SEC last Wednesday, and hopes within 2-4 weeks to hear back with a yes. "I love it, I love," the idiot host answered.

Floyd said this filing and questions from SEC is totally normally. He said he jumped through SEC hoops in 2012, when they grilled him on the business. They got 4 pages of comments from SEC back in 2012.

Bert said five questions from SEC is almost like getting no questions back from them, and then whooped.

Floyd said he's got his "foot on the pedal" and wants to get into high gear. He said he will focus on their three top leases, Snyder-Simon, Edwards and Retter, and wants to be profitable "this year." (He used to say second quarter, no?) "I like that, I like that," Bert answered, and gave the thumbs up.

Regarding the Texas properties, he said rigs are moving, and wants to announce there return to production "later this month." He said they have 20 leases, and it will take 15-18 months to get it all cooking, and grow the barrel numbers. He termed the outfit a "longterm play."

The cheerleader-host said he loved the short and term planning mix that Floyd laid out, which the CEO said was "patient and methodical."

He said he's thinking the plans will benefit shareholders longterm.

He talked about pipeline units but didn't seem enthused by them. The funding that might be coming, Floyd said, could perhaps "enlarge their footprint" acre-age wise. He said they'd take $1.5 million of funding toward the pipeline units, of which there are two, one, I believe which is fully operational. "I love it, I love," Bert responded. Bert waved the American flag and said Floyd is a patriot. Floyd said Bert is right, and that it's "proven product," and the secondary recovery they do is a better mousetrap. He repeated his pump for secondary recovery as we've heard before.

Floyd said he wants to buy more acres of land which could help grow the company in their pipeline realm. The pipelines are about 8-9 miles apart and he wants to maybe connect the two. He thinks there are "some oil opportunities" there as well. He said he likes "multiple plays" in that region, because it minimizes risk. "I love it, I love," Bert said, who mentioned the forthcoming $10 million funding, as if it's a slam dunk, which I don't believe it is, is it?