| Cramer Poor Advice as per PBT stock . Cramer is really bad . Pbt is a restricted trust . It was called into Cramer after he recommended it that it had a little over of 3 years of reserves . Cramer recommended it the day before . He drove the stock up over 1 dollar by his recommendation . Then he reads the comment as noted above . Cramers ans was well they will drill for more oil. In addition to this the prior day when he recommended pbt he told all on air listeners that this stock was preferrd over Canadian Trusts - due to taxes . THE PROBLEM HERE IS THAT THE CANADIAN TRUSTS FOR YEARS INCREASED THEIR RESERVES BY BUY OUTS OF OTHER COMPANIES . WELL CRAMER , THIS IS HOW RESERVES WERE INCREASED , NOT DRILLING NEW WELLS . THE POINT IS THE RESERVES OF A PROPERTY ARE THE KNOWN ASSETS OF THE OIL COMPANY . THEY ARE MEASURED BY SPECIALISTS AS KNOWN ASSETS . THE POINT TOO IS THAT YOU DO NOT GET MORE OIL BY DRILLING FOR MORE OIL TO INCREASE RESERVES - WHAT THIS DOES IS DECREASE THE EXISTING RESERVES PER THE PROPERTY INVOLVED . THIS BASICLY SHOWS CRAMER IS REALLY OFF . IN THIS MARKET - CRAMER IS DANGEROUS . PERSONALLY THOUGH I FIND HIM VERY ENTERTAINING . AS TO HIS OTHER IDEAS LIKE ISSUING NOTES BLA BLA , BOTH HE AND THE US GOVERNMENT PER THEIR PREFERRED STOCK IS NOW ACTUALLY POWER GRABS OF COMMON STOCKS . CRAMER WHO WAS IN THE INVESTMENT BUSINESS AS WELL AS ANY INVESTMENT BANKER KNOWS THAT WITH COMPANIES IN TROUBLE YOU GET THE COMMON SHARE OWNERS TO TURN OVER A HIGHER PRIORITY BOND OR NOTE THAN EXIST WITH THE COMPANY - A COMMON PRACTICE BY GOLDMAN SAKS AND JPM . AS THE AM PUBLIC DOESN'T KNOW THIS CM INVESTMENT BANKER AND THE US FED RESERVE DOES AS WELL AS CRAMER THIS IS PULLING THE WOOL OVER THE EYES OF THE AM PUBLIC . THE ASSUMPTION IS THAT YOU WILL NOT DO ANYTHING ABOUT WHAT YOU DON'T UNDERSTAND . THIS IS WHY MOST COMPLICATED COURT CASES GET SETTLED, AND WHY LAWYERS BECOME POLITICANS. |