Petro Field Industries Message Board

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Gold/Mining/Energy : Petro Field Industries

PF 66.66

0.0%

Oct 26 5:00 PM EST

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To: tide who wrote (23)	5/25/1999 10:43:00 PM
From: Richard Saunders	Read Replies (2) of 47

tide - this little'un is "easy" to move. Very illiquid and mgmt./folks in the know hold approx. 50%. The huge moves that you're mentioning today came on less than $200 worth of transacting. Last month a total of $1,782.50 worth of transactions were processed. (14K shares, Hi $0.15, Lo $0.10). I've been watching trades, etc. for the past month or so & maybe I'm imagining things however Wolverton (house 87) has done some "interesting trades". Today they sold all of 200 shares at $0.27. recently they sold 100 shares at $0.11. I'm not sure what minimum commissions are at that brokerage however it does make me scratch my head.......... At the moment I can't see depths on the bid/ask but last glance there was 100 shares being bid at $0.20. Not really what you'd call solid support. As far as what the co. is doing - give the co. a call. Last conversation I had was a couple of weeks ago and general impression obtained was that current fiscal will probably look "o-k". Close to breakeven either way and around $6mil revenues is a personal guess. I've a position.

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