SO close...I got SO close to the end of the year without posting again in this forum...ok so.....
"holy crap, there he goes again" Blah blah blah and just a little more blah....
Blah
Is it just me, or was that just kind of embarrassing for everyone involved? I mean your government gives your company, what they consider a hefty grant....your company halts the stock "out of respect" I guess ....ya ya... lets go with that.... and the next day we go nowhere based on NO volume...
Edit: Opps....the share price is actually dropping as I finish this up....bid .14 ask .16
Not that I expected much, but seriously...
From the last NR:
About Petromin Resources Ltd.
PetrominResources is a progressive international petroleum and natural gasexploration and production company listed Tier 1 on the TSX VentureExchange. Petromin was ranked 24th of the Top 100 Fastest GrowingCompanies in B.C. by Business in Vancouver in 2009 based on a 704%revenue increase over the past 4 years.
How good, as a shareholder do YOU feel, about 704% revenue increase when you shares are worth..........how much more in the last 4 years? LOL
Umm...did we get some dividends or where there a couple stock splits that I somehow missed???? Hmmm, not seeing any divs hit my account and nope....I think I have the correct amount of stock...
Blah
What about you, Shaker? Looking back 4 years.....can YOU even say, this is where we would be in 4 years even if you knew everything that was going to happen???What do YOU think the share price should be today considering the last 4 years??? Look at the money THEY made, and look at the money YOU made....I really hope YOU are not THEY...but then again, YOU if are THEY would have more money, and I really do want the best for you too.
Look, I have NO doubt that these guys are getting somewhere, and somewhere BIG, but the question is however, are they going to take us with them, or get where they need to get to, and just drop us off a cliff somewhere? Take private? Spin outs to steal the assets from us? Board supported takeover bid for pennies? How many possibilities could be in this list anyways??
Where is the evidence that we, the shareholder will be rewarded for holding for years and years? .........WHERE??? (thank god I flipped this a few times to basically to almost break even, and yes it still makes me angry because of the years without a positive return)
Blah
Now that they have government's giving them money, and 704% in revenue, will they even need shareholders? At what point will having shareholders just be a hindrance to them?.....I am guessing we already are.......no??
Thanks, Prime Minister of Canada, for giving them more of my money....I think you should have bought a half a million dollars worth of stock instead... :) and NO not a PP for .07 either..... buy it right from the open market...That way you drive the sp up and end up with a great investment......no?? :)
Management should be buying the h3ll out of this...... .15 - .17 sp / market cap - considered a joke by the investment community.....getting NO respect at all...If you can't buy into your self, then who else will?
Maybe they should use some of that grant money to pay for an independent/3rd party valuation of the company.....I bet that would drive the SP to where it "supposed" to be......I would love to know where it "supposed' to be.....
I know, I know, they are to busy doing their "thing" right?? We are just supposed to trust them a hold on??
OK, how about this......Use the grant money to buy back stock on the open market....then do a PP for .50+ to re-issue the shares, recover the grant money plus a whole lot more..... Create liquidity and shareholder value?.....That just sounds wrong....doesn't it?
Feel free to chuckle at anything you read in this post.....I just don't know how serious I can be with this anymore.
And just a little bit more - Blah
I actually think the Co. must want the SP to stay under .20.......they don't seem to care, or be doing anything about it.....IS the market right? Are these shares really just worth .15-.18?
I think this opportunity should taken, to seriously gain some respect from the investment community and to show a return to the current shareholders.....What better time, then when you are awarded grant money from the head of your country....but will they??
Name change maybe? :) That will do it, I'm sure.......no?
Shaker, do you think they care, that after 4 years and 704% revenue growth the sp is still well under .20?? -and- Please don't think I am attacking you. I am only pointing some of those comments/questions at you, because you seem to put a lot of effort into defending the doings of this Co. and according to you, have A LOT invested in these guys with some really big hopes.....seem the most connected with details...etc... Can you shed any light on it? I agree with you, when you refer to the big return here someday, but do you think the current common shareholders will gain from it?
Please feel free to comment, enlighten, or make shareholders aware, feel secure regarding this investment....ANYONE!?!?
I wonder how many investors are holding this stock, yet not quite sure why.....they just feel compelled to hold it.....I am one of those people....yet I would LOVE to know why.....
I am NOT trying to bash....I am trying to start converstaion to understand and learn from the community regarding PTR.
Take care all.
ALL IMHO
Normally a Cheers would follow this post.....but today it will be a
/sigh