Post by
bargnhillbilly on Sep 10, 2014 11:01am
A New Low On PNCGF Today
You pumpers are doing a lousy job. .075 this morning. Now it looks like its up to the bank to give us some good news. As they are now running the show and Pinecrest management had their chance the last 2 qtrs. and said nothing. Why is it important for any kind of good news at this price level? Because @ the .05 or .06 cent level is where reverse splits happen. I hope that doesn't happen but somebody better be saying something positive!
Comment by
Shlinker_ on Sep 10, 2014 11:48am
I think our money's gone bargnhillbilly. There is no good news coming. Thinking the wells will actually increase in production is not the way to think. Every wells production drops over-time. PRY isnt drilling, we are in trouble. I lost a fair amount of money here. 12K to be exact.
Comment by
bargnhillbilly on Sep 10, 2014 1:48pm
I think you may be right. It's definitely up to the banks now and what do they know about running an oil and gas company? Sorry for your loss. I'm beginning to think that none of these little stocks are a good investment. The market is too high right now. It might be a good time to be on the sidelines? Good Luck to you Shlinker.