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Pledge Petroleum Corp  (PROP)
Other Ticker:  
 
 
Price: $0.0092 $0.00 2.222%
Day's High: $0.0092 Week Perf: -37.41 %
Day's Low: $ 0.01 30 Day Perf: -64.62 %
Volume (M): 4 52 Wk High: $ 0.09
Volume (M$): $ 0 52 Wk Avg: $0.03
Open: $0.01 52 Wk Low: $0.00



 Market Capitalization (Millions $) 4
 Shares Outstanding (Millions) 484
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -0
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Pledge Petroleum Corp
During the past year, our management, at the direction of the Board of Directors, has evaluated, considered, and brought forward various opportunities to acquire producing oil fields; however, to date, an oil field meeting the criteria acceptable to the Board of Directors (which criteria include among other things, low general and administrative costs, ability to generate cash flow and ability to fully utilize the Plasma Pulse Technology (“PPT”)) has not been found. At this point, the Board is reevaluating its business plan and strategy and has reduced operating expenses, including staffing, in order to preserve capital, while the Board evaluates its options including the possible sale of our technology and PPT assets, forming a special committee to investigate a possible share buyback of the majority shareholder, Ervington Investments, and/or a possible dissolution of the Company.


   
 

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