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Author Topic: PGPM..HUGE ALERT..LOOK AT THE PR JUST OUT!
Hold-em-er-fold-em
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Business Editors / Energy Editors

IRVING, Texas--(BUSINESS WIRE)--June 2, 2006--
Pilgrim Petroleum (Pink Sheets:PGPM) is pleased to
announce record in current Financial Ratios as of May 31, 2006:

-- Net Profit Margin = 25.64%. It means that for each dollar of
sales that Pilgrim generates, it is contributing 25 cents to
its bottom line (net income). It reveals how Pilgrim's
management controls the cost structure of the firm.

-- ROA = Net Profit after tax/total assets = 24.63%. Indeed, well
above average, earning almost 25% on our asset investment.

-- ROE = Net Profit after tax/Stockholder's equity = 25.35%
growing ROE or ROI. Pilgrim is striving to payoff its
investors! This financial ratio tells the rate that
shareholders are earning on their shares. (Generally,
companies that generate high return relative to their
shareholder's equity are companies that pay their shareholders
off substantially, creating significant assets for each dollar
invested. These businesses are more than likely self-funding
companies that require no additional debt or equity
investments.)

Pilgrim Petroleum's goal is to keep improving these ratios, not
only will new leases contribute to an immediate increase of revenues
as well as the overall production levels, but also the recent contract
with Basic Energy and JAR will boost the production expectations. Here
are some additional highlights:
-0-
*T

1) Increase on financial ratios over 300% comparing with the figure
from six months ago, from negative to positive ratios.

2) We have no debt. Our obligations, are solely to our stockholders.

3) Estimated substantial revenues from new development of reserves

4) Short and Mid term Growth Strategy through new acquisitions

5) Plans to venture with peer companies to acquire working interest in
attractive new prospects. This way, Pilgrim will be able to reduce
the risk of exploration projects while increasing new sources of
revenue.

*T

Rafael Pinedo, President and CEO of Pilgrim Petroleum Corporation,
commented, "Pilgrim Petroleum is growing exponentially in a very short
time; the results for this coming quarter will be the best ever for
the company. Our focus is not only to increasing profitability, but
also achieving long-term sustainability."

About Pilgrim Petroleum Corporation

Headquartered in Irving, Texas, Pilgrim Petroleum Corporation is
an independent oil and gas company. The company is acquiring oil and
gas leases, producing properties, mineral rights, and surface
interests primary on marginal fields. Once acquired, the company
intends to redevelop each property to maximize the income from each
property by refurbishing and improving the existing production.

Forward-Looking Statements: The statements which are not
historical facts contained in this release are forward-looking
statements that involve risks and uncertainties, including but not
limited to, the effect of economic conditions, the impact of
competition, the results of financing efforts, changes in consumers'
preferences and trends. The words "estimate," "possible," and
"seeking" and similar expressions identify forward-looking statements,
which speak only to the date the statement was made. The Company
undertakes no obligation to publicly update or revise any
forward-looking statements, because of new information, future events,
or otherwise. Future events and actual results may differ materially
from those set forth herein, contemplated by, or underlying the
forward-looking statements.
2006 Pilgrim Petroleum Corporation. The information herein is
subject to change without notice. Pilgrim Petroleum Corporation shall
not be liable for technical or editorial errors or omissions contained
herein.


KEYWORD: NORTH AMERICA TEXAS UNITED STATES
INDUSTRY KEYWORD: ENERGY OIL/GAS EARNINGS
SOURCE: Pilgrim Petroleum Corporation


CONTACT INFORMATION:
Pilgrim Petroleum Corporation
Eddie Monet, 619-864-0166
www.apetroleum.com

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Hold-em-er-fold-em
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NO DEBT!

I like this company!

Awesome PR!!

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js49886
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blah, u beat me

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

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madOIL
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1) Increase on financial ratios over 300% comparing with the figure from six months ago, from negative to positive ratios.

WHICH WERE WHAT? anyone got these so called figures from 6 months ago?

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OILDOG
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heh heh A PR everyday,soon one every hour.WHAT A GRRRRREEEEEAAAAAATTTT COMPANY!!!!!

--------------------
It takes a lot of attaboys to make up for an aww chit

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Hold-em-er-fold-em
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Ok this is the first time I've seen no Debt come out of them correct me if I'm wrong.

These guys are serious about growth!

ROA at 25 % that is awesome!

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Sigma
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quote:
Originally posted by ballyman:
quote:
Originally posted by Sigma:
For one, you can't tap into the Shale from Johnson County at all, so I don't even know what they doing making that statement.

Could you elaborate a bit on this for us non Texan folk? Thanks

Ball

Here's the active wells in the area, showing SE Wise, SW Denton, NE Parker, and NW Tarrant counties:
 -

Johnson county is south of Tarrant county a good 75 miles away. It's full of permits to drill that speculators have picked up betting that there's oil there, but theres only a couple wells in the entire county, compared to hundreds and hundreds in the area pictures above.

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OILDOG
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yeh, their financial statements are on their website,as I been telling you all,repeatedly. Almost no income,until May 1 (who'd of thunk). $800 dollars in office furniture, 3900 a year rent on the office (storage shed?).All there to see.

--------------------
It takes a lot of attaboys to make up for an aww chit

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syracuseO
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Well Gee Sigma and OilDog...

you bashers have some arterier motive for all the negativety??

You are most likely hoping to short the stock with all your garbage.

OilDog.....just coincedentaly you have your "expertise" from Wise countie.


BOY ! What a coincedence. And if anyone believs your BS, I have some valuable swampland in Canada for you to gain more "experience" !

Ha ! coincedence !

You have no credibility at all when you state that.

You guys need to get out more and have a life.

Can't stand the negative bashers that spew out BS and opinions with out any facts.

And the Gustavson report was for the Chapel Pinnacle Reefs area.....no mention about Wise county......

Or are did you guys get your "expertise" in the Pinnacle Reef area also ??

Boy, be honest and state that you are bashing the stock, in hope that the PPS will go down and you can profit.

be honest, do screw around.

If you are not shorting PGPM, and, only bashing because you have low self esteem, then get a life and move on.

Your ranting is jeuvenile.

You have something factual to say, say it.

Your Concidental "expertise" does not hold water and is cut from the smae mold that you seem to be bashing !!

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Repoman75
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I shorted the stock at .14, covered at .085. If it hits .14 again, I will short 1 million shares this time around. Easy money.

--------------------
Stick with Repo's plan in '07 - FRPT/DKAM!

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Hold-em-er-fold-em
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quote:
Originally posted by Repoman75:
I shorted the stock at .14, covered at .085. If it hits .14 again, I will short 1 million shares this time around. Easy money.

From your offshore account im sure! LOL
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rimasco
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nice trade REPO...was wondering were you went

--------------------
"Simplicity is the ultimate sophistication"

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madmoney
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quote:
Originally posted by OILDOG:
yeh, their financial statements are on their website,as I been telling you all,repeatedly. Almost no income,until May 1 (who'd of thunk). $800 dollars in office furniture, 3900 a year rent on the office (storage shed?).All there to see.

this PR (SOUNDS) impressive but they give NO FIGURES! because if they did this would tank!, they may be earning some money ( a few hundred thousand ) but WAY overvalued at this price, it was the statement of 900 million barrels that pushed this up 2000 percent! and that was a lie or misteak! they have 1/2 of 1 percent of what the may 1st PR stated! these PR`s are a desperate attempt to keep the price up, the next financial statement will show a big increase in income alright but most of it will be from the sale of equity ( STOCK )
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syracuseO
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Get a life OilDog....

Your 1 star and Sigma's 2 stars say it all......

Stop bashing for your own personl financial benefit !

We are all on to you and what you are up to !!

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OILDOG
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Go back a few pages boy Syracuse,you'll find I did mention Wise Co,and,pinnacle reefs are THE oil production in the Barnett shale,WHEREVER it is.I worked a number of Anadarko Petroleum wells in the mid 80's around Lake Bridgeport (nice place,excellent fishing).And I dont short, too new,dont know enough! Cant thru Ameritrade anyway.Besides,do you really think PGPM,with virtually NO money,is actually going to drill multimillion dollar horizontal wells? Taint likely!!!!

--------------------
It takes a lot of attaboys to make up for an aww chit

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madOIL
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anyone seen an actual financial statement from this company?
12-2005 ratios from their website
ROA - 12.9%
NPM - 25.6%
ROE - 13.3%

NICE NEGATIVE NUMBERS as they stated they increased from lol- something just seems real "fishy" about PGPM's financials doesnt add up for stock to be this high priced oh well thats the market i guess

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Sigma
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How does a company hold tens of thousands of acres of land but have no debt? There's no way they made enough on their stock offering to pay for all that land. If they're spending their own cash on this more power to them.

quote:
And the Gustavson report was for the Chapel Pinnacle Reefs area.....no mention about Wise county......
Haha. No offense meant seriously, but you know nothing about oil do you?

"Pinnacle Reefs" isn't an "area" like "Wise County", it's a geologic formation that can occur anywhere. Anywhere underground of course. It's where large sources of oil can be found. Chappel Pinnacle Reefs occur under Wise County.

quote:
Or are did you guys get your "expertise" in the Pinnacle Reef area also ??
Sorry, I haven't spent much time 10,000 feet underground. Have you?

quote:
Boy, be honest and state that you are bashing the stock, in hope that the PPS will go down and you can profit.

be honest, do screw around.

Don't own a penny of it and haven't shorted a thing. I'm just tired of newbies being burned because they're only presented with one side of the story. Every story has 2 sides. I'm not claiming anyone to be "right" or "wrong". I'm just offering a different POV.

quote:
You have something factual to say, say it.
You mean "factual" like talking about the Pinnacle Reefs as if they were an area of Texas?
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syracuseO
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Oh Yeah OIlDog and Sigma.....

The people who just purchased 500,000 shares the last 10 minutes....

1 x 200,000 block

2 x 100,000 blocks

are all idiots and stupid investors.

Oh, and not to mention the guy that spent $50,000 yesterday for 650,000 block of shares after 4:00PM is an bonehead.....

and the block of 357,000 shares, plus another 200K, plus 2 x 100K block of shares are ALL retards that have no idea or concept of PGPM.

These people are all idiots and you guys are the chosen ones who have the REAL knowledge and "expertise".

Ha HA Ha

Think about how OBVIOUS your rantings are with your attemnpts to get people to sell.

Think about it......you guys don't want PGPM to increase in value, so you are bashing it.

Meanwhile, many other "idiots" are forking over $50,0000 $25,0000, $15,000 for what they feel is a good investment.

Gee, maybe they are on to something.......

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OILDOG
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Those idots just MAY be manipulating the stock,every THINK of that?

--------------------
It takes a lot of attaboys to make up for an aww chit

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Sigma
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quote:
Think about how OBVIOUS your rantings are with your attemnpts to get people to sell.

Think about it......you guys don't want PGPM to increase in value, so you are bashing it.

Think about it.... why would I care if PGPM increases in value or not? I have no vested interest in it one way or the other.

Why do you care so much if someone hears an alternative point of view? What makes your opinion any more valid than mine?

And who cares how much money someone put into it. I've put a lot more money than that into stock before only to lose it, millions of people do it everyday. $50,000 to you is pocket change to someone else. It's all relative.

Those people are either 1> betting on volatility to flip for 'small' gains, or 2> betting on potential. And I think that PGPM has potential, I haven't said anything contrary to that fact, it's just that potential is nowhere near where some people would like to see them right now. For the near-term, they're properly-valued IMHO.

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syracuseO
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Boy Sigma.....

You got me....

Since you admit you don't know enough about stocks and shorting I "too new"), then why are you spending so much time bashing PGPM ??

You are coming off at having all this wonderful knowledge, and your tiresd of newbies getting burned.....so what, you guys are the "chosen" ones to go forth and express to the world, "watch out" for pennies and pinkies.....you could get hurt !

Please, go sell you balogny elsewhere.

You are right, and, all the others spending $10 of thousands of dollars in a pink stock are dumb dumbs

WHY in the world should anyone LISTEN to you, when you bash the stock.

This board is for intelligent discussion, not emotion ranting and negative namecalling.

God's sake.....anyone investing in pennies knows the risks......

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Hold-em-er-fold-em
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quote:
Originally posted by OILDOG:
Those idots just MAY be manipulating the stock,every THINK of that?

Yes,

LOOK at all the manipulation buys coming in! [Eek!] [Eek!]

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js49886
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ask moved to .09

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

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Hold-em-er-fold-em
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Ask back to .09 More manipulation!

3 x .080 1 x .090
2 x .070 1 x .095
1 x .010 1 x .10

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buckstalker
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Oildog, madOil, and Sigma...If you are here to "Save the Newbies" why aren't you posting the same negativity on any of the other POS stocks that are out there...why only this one? There are a sh*tload to chose from...no?

I have been here quite some time...I can't stand pumpers or bashers, and I am all for "both sides of the story". The last thing that I want to see are newbies getting sucked in to a POS stock or talked out of a good one for that matter...but I have got to say that the posts that I have seen lately by the 3 of you "out of nowhere" saviors have set off alarms for me.

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

It's all in the timing...

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Sigma
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quote:
Since you admit you don't know enough about stocks and shorting I "too new"), then why are you spending so much time bashing PGPM ??
Where did I claim anything about being "too new" or not "knowing enough" about stocks and/or shorting?

quote:
WHY in the world should anyone LISTEN to you, when you bash the stock.
And why should they listen to you when you praise it?

quote:
This board is for intelligent discussion, not emotion ranting and negative namecalling.

Emotion ranting? Name-calling?

Where have I done either of that? I haven't called you anything even remotely negative. I've pointed out the things in their PRs that I find to be misrepresentful and I've explained why I thought so, and even provided outside sources for the information.

I'm attempting to have an intelligent discussion. It's unfortunate that it's looking to be rather one-sided at the moment.

Can you explain how property in Johnson County is going to add to their production? Can you explain how a micro-cap sub-penny with no debt is financing the acquisiton of tens of thousands of acres of land worth tens, if not hundreds of millions of dollars? Can you explain how Wise County acquisions will allow them access to the Barnett Shale any more than their previous "Barnett Shale" acquisitions that Gustavson claimed weren't even worth their time to evaluate?

I've never claimed to be an "expert" in oil, though it's clear I know more in the area than most on this Forum. Pennies aren't areas where you learn a lot about an industry before investing in it, so I wouldn't expect that here. But in the past I did a lot of investing in energy and mining companies on the major exchanges and those are areas that I know a lot of simply from my investing activities. That doesn't mean that one couldn't have an intelligent discussion on the merits of a particular stock with someone, regardless of their overall knowledge of the industry.

An intelligent discussion doesn't take place when someone says "Hey, what about..." and the other party's response is "BASHER!!!*1!11!!!". Address the points if you want an intelligent discussion. I sincerely look forward to it.

quote:
God's sake.....anyone investing in pennies knows the risks......
But they don't know that there's at least as many people on this Forum trying to screw them as trying to help them (and I'm not claiming that you're either of the above). It's a completely different way of doing things in the pinks, and it's a shock to most newbies. ArmySGT is a great example. It's too easy to get swept up into the hype when 99% of the people are hyping it has a $1+ stock and the 1 guy that's not is ganged up on as a "basher", whose opinion is belittled, even though he's only presenting information that at least as factual as the information that the pumpers are presenting.

A penny-stock could be claiming that the sky was really a shade of Red and I swear half the people on this Forum would swear it was so to God himself and burn the guy claiming it was Blue at the stake if it would help make them an extra 10%.

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syracuseO
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Sigma....That was a clear and level headed post.

Thank you.

It is just that many of the previous posts are full of emotion and less on level headed discussion.


Look at what is available now and from this point on.

They are a NEW company that OBVIOUSLY have some financial backers......you don't think they will buy up land and multiple properies for nothing ??

Time will tell with PGPM, but, there is obviously potential there.

Lets move on, and look forward.

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Hold-em-er-fold-em
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Agreed!

Lets have level headed discussion from here on out!

Im here to make money like everyone else! Lets do it peacefully, and like adults!

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Sigma
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quote:
Oildog, madOil, and Sigma...If you are here to "Save the Newbies" why aren't you posting the same negativity on any of the other POS stocks that are out there...why only this one? There are a sh*tload to chose from...no?
I know Energy and I know Mining. From an investing point-of-view anyhow. You will find that I bring up the same questions on other stocks including ones that I own. Look at the AURC thread for example. I'm not going to bring up questions on a stock that I know nothing about unless there's something glaring in the financials.

PGPM is just a stock that I wanted to buy into a couple weeks ago and therefore looked at extensively and still follow. I think there's potential here, just not near-term. As technology gets better, yield can increase exponentially. And wells that we once thought were worthless become profitable. Land that once was speculatory becomes highly valuable for its' oil yields.

I think PGPM is positioning itself relatively well. Dozens of small companies BLEW UP when the Barnett Shale took off; start-ups a couple years ago are now selling for hundreds of millions, if not billions, now. But I personally believe that their press releases are misleading as to the near-term performance of the company. From an investors POV I think the stock is going do worse before it does better. But when it does better it's going to do a lot better.

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OILDOG
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No problem, that's what I've been doing all along, presenting fact,from their own website and other sources (Texas RR commission). Just seems to rattle off a tin roof.
Had a thought,MP (Mickeys Method..youll have to find it,Bob would just xx the url anyway),has identified "permanently suntanned offshore "interests" " with a llllooottttt of money,disciplined "waves" of buying,expertly running pennies lately. Could this be one? Great ride if it is,but a ton of bagholders.

--------------------
It takes a lot of attaboys to make up for an aww chit

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Hold-em-er-fold-em
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Ask at .095 now
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js49886
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yep

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

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buckstalker
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Good enough...thanks for the response, and please don't take offense...


quote:
Originally posted by Sigma:
quote:
Oildog, madOil, and Sigma...If you are here to "Save the Newbies" why aren't you posting the same negativity on any of the other POS stocks that are out there...why only this one? There are a sh*tload to chose from...no?
I know Energy and I know Mining. From an investing point-of-view anyhow. You will find that I bring up the same questions on other stocks including ones that I own. Look at the AURC thread for example. I'm not going to bring up questions on a stock that I know nothing about unless there's something glaring in the financials.

PGPM is just a stock that I wanted to buy into a couple weeks ago and therefore looked at extensively and still follow. I think there's potential here, just not near-term. As technology gets better, yield can increase exponentially. And wells that we once thought were worthless become profitable. Land that once was speculatory becomes highly valuable for its' oil yields.

I think PGPM is positioning itself relatively well. Dozens of small companies BLEW UP when the Barnett Shale took off; start-ups a couple years ago are now selling for hundreds of millions, if not billions, now. But I personally believe that their press releases are misleading as to the near-term performance of the company. From an investors POV I think the stock is going do worse before it does better. But when it does better it's going to do a lot better.



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It's all in the timing...

Posts: 4303 | From: DSA | Registered: Dec 2003  |  IP: Logged | Report this post to a Moderator
js49886
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Unless Im just being fed this for the sake of getting hopes high on here. Here is the email response I got from yesterdays email(replied today).

"On this morning PR the time for closing is whiting weeks, our two other acquisitions will take more time since are overseas, many factors a due diligence is pending for a final closing. Our acquisition's in Texas are very fast. On the Gustavson issue, a final report will be deliver to us on the next few weeks, this report will contain items necessary to complete our financial audit required for our filing with SEC. I also anticipate a significant increase on the calculations for the reserve report. This will be a good surprise for many. We like to be out of PinkSheets a soon as possible, we are moving as fast as we can on that.

Regards

Rafael Pinedo"

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

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Hold-em-er-fold-em
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1 x .086 1 x .095
1 x .083 2 x .10
4 x .080 2 x .12

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