Petro One Energy Corp CUDBF

RE:RE:RE:RE:RE:RE:RE:drilling fund?

[kha341]

speculator wrote: POP is a dog. 

No POP is not a dog. The PP is at 25 cts and today's closed at 29.5 cts. The 29.5 cts price is unexpedly low as compared to previous days or as compared to the hype / expectation of this board but it is still higher than the PP. There is no reason to doubt the PP closing tomorrow. Imo, it will be closed. But don't forget that the PP will only provide the funds to start  a drilling program in order to prove the intrinsic value of POP. The PP is a major accomplhishment but it does not in itself  represent the intrinsic value of POP. Once the PP is closed management will be able to focus on drilling and the sp will be green again.

With regard to the $14M that the Koreans are obligated to advance in early November, there is still no details available to the public. What are the terms of the advance? What would be the penalties for non-compliance. Again this amount represents the funds required for a comprehensive drilling program. Imho, the reception of these funds will have a major positive impact on the sp.

My 2 cts and I have been proven to wrong many times already.