Nelly Shishkova

Paradigm Oil and Gas, Inc. (OTC:PDGO) Still on a Stand-By Position

by Nelly Shishkova March 31, 2011

Paradigm_logo.pngOn March 29 Paradigm Oil filed a notification of late filing for its annual report, while its quarterly report doesn't look much satisfying. PDGO had no revenues from the sale of oil and gas in the period ended September 30, 2010 and its net loss totaled over $2 million, or $0.05 per share. Moreover, the company's accumulated deficit during the exploration stage period has exceeded $2 million, which can hardly be recovered considering the fact that Paradigm has been existing on loans and common stock dividends.

In this case, while waiting for the company's annual report investors should keep their eyes wide-open for the future operations of Paradigm Oil and Gas, Inc.

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