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» Allstocks.com's Bulletin Board » Micro Penny Stocks, Penny Stocks $0.10 & Under » PGPM..HUGE ALERT..LOOK AT THE PR JUST OUT! (Page 78)

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Author Topic: PGPM..HUGE ALERT..LOOK AT THE PR JUST OUT!
ArmySGT
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well FRPT is up to 4.70 so if you got in congrats. Im done with stocks! i just lost more than i even had to begin with. Ha good fuc the newbie game nice
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ArmySGT
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i can't even sell it, no ones buying it
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ArmySGT
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where can you watch nite????
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PCola77
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On Level 2. He's bidding .08 and asking .09.

This won't go up unless/until he moves his ask up.

I'm pretty busy at work today, but I'll try to keep you updated, assuming you don't have access to Level 2.

quote:
Originally posted by ArmySGT:
where can you watch nite????


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PCola77
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He just moved his bid down to .075. Ask is still at .09, for now.
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ArmySGT
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no but finally sold, all my other winners that i dumped for this are jumping up like crazy
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PCola77
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Unfortunately I think that was the right move. Even if you want to get back in later, I think you'll be able to get in lower.

quote:
Originally posted by ArmySGT:
no but finally sold, all my other winners that i dumped for this are jumping up like crazy


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js49886
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quote:
Originally posted by ArmySGT:
all my other winners that i dumped for this are jumping up like crazy

that always happens to ME !!!! Makes me wanna SCREAM! [Mad]

--------------------
"Money, so they say
Is the root of all evil today."

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PCola77
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Nite dropped the ask to .085. Bid still at .075
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ballyman
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"As commented SCA Geologic (2003), "over
the past 25 years significant errors haven been present in reserve
calculations as a result of using the wrong thickness value to
determine the reservoir quality sand or to prepare net pay maps for
volumetric calculations. Errors of 20 to 30 percent are not uncommon, but on occasion errors of up to 700 percent have been documented"

This might sound crazy, I would think after say 24 years of making mistakes, making error evaluations of 20 to 30% on average, that this method would find a shelf somewhere. Umm hasn't anyone figured it out yet that this doesn't work? Or will we be reading PRs like this for the next 25 years?

In reality it was prolly well strategized by PGPM to use this method knowing full knowledge that it had a high percentage of error, nice lil catch all scapegoat.

Hypothetical PGPM conversation goes like this: "Lets tell them 900MM, all in favor say "aye". Now we all know that there is no where near that much, but heck with a range of 0-700% error this means we won't even have to go out in the field and physically test."

Damm I'm an idiot for thinking they went all high tech.

--------------------
"It's a head game...climbing a mountain that is, 20% physical:80% mental."

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lostone
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all these PRs that came out weren't really bad, it's not as good as teh 900mil barrels, but weren't bad.. stupid management don't know how to release PRs in the right order or give proper info.. not only that but we got ppl like OILDOG and his pseudo analysis using the estimated profits to calculate for the PPS, who the hell would do that.. unless they're looking for EPS from the profits.. if you wanna calculate PPS use assets/#shares. but anyway, i'm screwed .. so much for free money falling out of the sky..
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lostone
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i need a momo play

--------------------
lostone

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Sigma
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An error of 700% wouldn't have been all bad. They still would have had some 125 million barrels.

Their error was 22,000%.

That's the difference between margin of error and blatantly lying.

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syracuseO
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A more accurate description of PGPM's Pinedo and Monet, are that they are inexperienced and were slightly incompetent.

Just because you start up a company from scratch, invest in a few oil wells, give you the necessary credentials to effectivelt guide the company through the PR jungle and on to immediate financial success.

Shareholders cannot hold the pink sheet PGPM's Pinedo and Monet to the same criteria as Microsoft's Gates.

Perhaps they made a big blunder with Tuesday's PR report.....unfotunately, they are compounding the error with more PR's souding like a cover up.

Again, Tuesday's PR report should have stated :

The following report does NOT include future revenue from the most recent (May 26th ) acquisition of 30 wells in Wichita, Texas, NOR does it include the future revenues of additional aquisitions expected to close in a week.

Then, they should have proceeded to provide the details of the Gustavson's conservative estimations.

Damage is done. Move on.

Short order.....Pinedo stop with the discussions/explanations of Tuesdays BooBoo.

Provide another immediate PR with the revenues of the Gustavson report AND the Wichita's 30 wells.....ADDING to the TOTAL revenue.

Then with the forthcoming acquisitions ( pending to sign in Canada's Quebec and mainland China ), provide another financial revenue update.....ADDDING to the TOTAL revenu.

This will add confidence to the shareholders and bring back the skeptics.

Now, since the Gustavson report was 3rd party, and conservatively estimates PGPM's value at around .60, THEN you add the recent acquisition with revenues from 30 wells from May26, and add on the future acuisitions to close in a week......

Hey ! We are seriously dealing with a .70-$1.00+ stock here.....

Time to stop the emotional rantings ( both from shareholders and PGPM ) .

It is no time to take a deep breath, exhale, and start the DD over again.

At .08 currently, and, 3rd party estimation value starting to creep to $1.00 + ( Gustavson, Wichita, Canada, and China )......

May be time to get back on board !!!

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js49886
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they mentioned closing more aquisitions next week,... as soon as they release news about it (or the other report, or SEC fillings) you know it will probably go up. make of it what you wish.

--------------------
"Money, so they say
Is the root of all evil today."

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lostone
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so looks like it's gonna be at least another week or more to get some real good news.. i hope the MM's take it easy on us the meanwhile, we're already beatened up..

--------------------
lostone

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js49886
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im wondering when/if this aquisition is going to be in canada or china like mentioned a couple weeks ago. they said they were working on a deal. but idk

--------------------
"Money, so they say
Is the root of all evil today."

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lostone
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we seem to be picking up.. what's the L2?

--------------------
lostone

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Hold-em-er-fold-em
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1 x .082 2 x .09
1 x .080 1 x .10
1 x .075 1 x .13

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ArmySGT
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they probably are closing the company running off with what they made out of all of us suckers!
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Stockstar69
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I've had enough. Time to move on. Sold my free shares and made a few hundred $.

Now I just need to wait for GWGO to pop.

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PCola77
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Nite moved the ask up to .09. If it moves up again it may be a signal to buy
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syracuseO
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Still low volume......

Phone calls should be place by anyone who has prior conversations with Eddie Monet or Rafael, so they place another PR that would ADD the Gustavson's ( 3rd party ) value of around $200 mil AND Wichita's 30 wells.

Then, when the other deals close, keep adding and compounding to TOTAL revenues .

Just because the expection ( unrealistic ) of $33/share value did not come through, should not fog the analysis of investing in a stock that could easily be worth $1++ .

You have to ask yourself, if you first anaylyze PGPM at .08 and can see the potential for greater value with very soon acquisitions to incease to $1 land......wouldn't you invest now?

If not, move on. I don't see that many other pinkies that can offer this type of return. Again, we are dealing with oil.....which is even more of a hot investment than gold and silver. Prices are moving up.....

Food for thought...Goldman and Sacks recently stated they expect oil to reach $100/barrel in the near future......

Add that to PGPM's stream ......it will only get better and better.

I am in, again, and will forgive Pinedo and Monet for this blunder. They DID try to provide an honest estimation on PGPM's oil reserves after the May 1st mistake.....only the way the PR's came out, it backfired.

Anyone calling Monet or Pinedo yet ?

The true investors will analyze the PGPM acquisitions, the market, and will still see that the value in PGPM is still there.

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PCola77
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Nite down to .0875
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Jlizard
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Now your thinking rationally Syracuse
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ArmySGT
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ok now that i took the royal Dildo out of my rear, after getting banged for an additional .02 cents per share after 1000 and investing in something that was doing great from .004 and ended up getting burned by my bank once again!! Who is a great company to invest in and if i want to buy a million damn shares I dont have to buy it in lumps of 5500 or less without getting raped at the trade and commission of $19.95???
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buckstalker
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Sarge...you are getting way too emotional to be playing in the penny market...you may want to trade on paper for a while to get a better feel of what goes on here...

--------------------
***********************

It's all in the timing...

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maumee river rat
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good advice there buck*******..
Sarge this isn't yhe place for stress free entertainment..Takes a little time and usually alot of money to learn the game..
be patient and don't throw your money at something just because its cheap..Youll get you azz kicked most of the time.
However, if you just want to pizz it away...PM me and I'll hook ya up with my routing #..

gl

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Squire38
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quote:
Originally posted by ArmySGT:
without getting raped at the trade and commission of $19.95???

Look into TD Ameritrade. $9.95 per trade no mater how many shares you buy/sell. If I buy 10 million or 10 shares it is only $9.95.

Choicetrade charge $5, same deal as TD Ameritrade, but less bells and whistles.

But as buck stated, paper trade the crap out of penny until you get a system that works.

--------------------
Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes.

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GhostRM
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Is is still wrong to post stuff like this?

quote:
Originally posted by GhostRM:
It's not going back up. What you have to realize is that the reason why this rocketed from .001 to .10 is because of MOMO, and MM's not having shares inventory. When the first PR hit, everyone went to buy. With no shares in inventory, MM's basically do nothing except represent traders' orders. All traders were buying that day.

However, once MM's were able to buy shares themselves, and continue to accumulate, they could stop any future run from happening by selling into any buying frenzy. Will it ever run again? Possibly, but it will be a long time in the future when many of the current MM's bleed off their inventory.

The key to any run of that size is to catch the MM's without a supply of shares. The PR could have said that the company found Aliens in TX. With that MOMO (remember, Shakerzz and Bull ster picked it), it would have risen.


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maumee river rat
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ArmySGT
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yeah im emotional cuz i got burnt in the hype and watched all my mullah go out the window thanks to thiefo PGPM, and my ignorance in buying into what all these other peeps on here said, cool though, lessons learned. I just wasnt expecting to get hammered like that at the end by my bank for an additional .02 cents a share for 4500 shares, when i bought 5500 at .004 so when you end up paying 2 1/2 for something that will never get that high you kind of feel like you just got Fuc*ed and when i had my wife call them they were like oh well its in the paperwork we sent out...yesterday. I signed up online and NO where does it say anything about if you buy more than 1000 shares you gotta pay an extra .02 for each additional share. So yeah a bit emotional on top of that my wife cut me off hahahaha so now im on the sideline, but want to find a trader i can use and buy what i want with what i have not get screwed like i did with my bank
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buckstalker
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Post whatever you want Repo...you have lost all credibility or respect that you may have had on this board anyway...


quote:
Originally posted by GhostRM:
Is is still wrong to post stuff like this?

quote:
Originally posted by GhostRM:
It's not going back up. What you have to realize is that the reason why this rocketed from .001 to .10 is because of MOMO, and MM's not having shares inventory. When the first PR hit, everyone went to buy. With no shares in inventory, MM's basically do nothing except represent traders' orders. All traders were buying that day.

However, once MM's were able to buy shares themselves, and continue to accumulate, they could stop any future run from happening by selling into any buying frenzy. Will it ever run again? Possibly, but it will be a long time in the future when many of the current MM's bleed off their inventory.

The key to any run of that size is to catch the MM's without a supply of shares. The PR could have said that the company found Aliens in TX. With that MOMO (remember, Shakerzz and Bull ster picked it), it would have risen.




--------------------
***********************

It's all in the timing...

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maumee river rat
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Sarge...
Set up an account with Ameritrade or Scottrade or some other discount clearinghouse. The heck with banks.. Check it out

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ArmySGT
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hey all thanks for the help and listening to me whine, i got plenty of cheese lol, im still waiting for dave chappelle to jump out saying "Gotcha Bitc#" lol Its okay, each day that im out here kicking A$$ taking names and able to trade its all water under the bridge, i am likeing what i am reading about scottrade, $7 a pop any hidden fees? unlimited shares and minimum of $500 to get started, look for me soon!! feel free to drop me some more good advice, hit me up at patrick.yates at us.army.mil

I am going to sleep but at 0415 I will be back and its 2215 now! so be ready, i do pick winners just chose to stick with the losers lol.

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