The BK is just now coming to the shareholders.

Up another 25% yesterday! It is ready to shoot the new 52-week high
0.0046 as LFTC (265M shares OS) did. PJTGQ has only 98M shares OS!

Up another 33.4% today! 0.0004 x 0.0005 now. I can smell 0.0046...

PJTGQ is up 50% already! 0.0003 x 0.0004 now. We should see it jump
to as high as 0.0046 based on the same market value as LFTC hit the
52-week high 0.0017 with 265M shares OS. It has only 98M shares OS!

I called the transfer agency: the OS is only 98M shares and the AS is still 100M shares. PJTGQ is a clean shell company! 0.002 soon...

As of today only about 12M shares sold at the bottom price $0.0001.
All the other (OS - 12M) shares sold at 0.0002 ~ 0.0007 or higher.
We should see the next rally hit the new high 0.0008. The first one
hit 0.0006 and the second one (last week) hit 0.0007. Undervalued!

Thanks! And both on the move.

Q at the end of ticker mabe?

Only about 10M shares sold at 0.0001 as of today! All the rest 100M shares sold at $0.0002 ~ $0.0007 or higher. Do not sell at the bid!

Please buy at ask only! The OS is only 110M shares even the AS is
200M shares. PJTGQ is already up 600% from $0.0001 to $0.0007!

Up 33.4% today with 1M shares sold at the ask price $0.0004. I bet
the next week it will break up the resistance $0.0006 and shoot as
high as $0.01 (same market value as LFTC at $0.0017). Anyway VCTY is also in the first rally mode started two days ago. Strong buy!

Wow! 300% up yesterday! It could mean the reverse merger news soon!
But why the insiders had been dumping millions shares at $0.0001?

As of yesterday over 6M shares dumped at 0.0001. Who are they? Why?

Down 75%! What is wrong? 1,495,000 shares dumped at $0.0001 again!

Wow! 100% up! How could this stock dropped to $0.0001 then rose to
$0.0004 (bid) in the same day? I bet it must hit $0.0006 again for
today! I am holding my shares tightly.

It is up 50% already! What happened here? I thought the asking will
drop to $0.0001 and there will be no bid at all. Should I buy now?

Huge sell-off this morning! Who are selling the millions of shares at $0.0001? Why? Are they MMs or the insiders? I wish the company
release any kind of news soon? Anyway PJTGQ is a shell stock now.

It filed the bankruptcy several years ago. I do not understand why someone sold millions of shares at 0.0001 several months ago?
With only 80M shares of OS and 100M shares of AS the stock should
be traded above the 52-week high $0.0006.

Is this company in bankruptcy?

Where came from so many shares? I thought the AS is 100M shares and
the OS is only 80M shares. Anyway the 52-week high $0.0006 was just
created today and the 52-week low was $0.0001.

I hope so ...
I have $30k invested in this POS .... at .055

There has been some talk and a filing by SEVI on October 27th 10Q, that SEVI has some interest in this company once it emerges from bankrupty. I sent an email to the company before Christmas and received a reply. I sent another two weeks ago and as of yet, have not received a reply. Here is the 10Q that was filed on Qctober 27th, 2005. Please scroll down to RECENT DEVELOPMENTS.

http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0000104375%252D05...

What do you think?

Maybe there is some hope for this investment.

weo

pro squared changed its name on the web site to sysgen

OMG! It's running! LOL

We have a trade today!!!
WOW!
H

Sure hope so.

Mike

I have $15k tied up in this POS ....
Will it recover or are we screwed???
TIA
H

The Project Group Announces Dismissal of Sarbanes-Oxley Complaint of Former Controller
Wednesday October 19, 6:28 am ET
Department of Labor Finds No Violation of the Sarbanes-Oxley Act by The Project Group

HOUSTON, Oct. 19, 2005 (PRIMEZONE) -- The Project Group, Inc. (Other OTC:PJTGQ.PK - News), a leader in project management solutions, announced today that the U.S. Department of Labor has dismissed a complaint that was filed against The Project Group by its former Controller, Charlsie Idol, under the employee protection provisions of the Sarbanes-Oxley Act, finding no violation of the Sarbanes-Oxley Act by The Project Group. Craig Crawford, President of The Project Group, stated, ``The Company has believed from the beginning that these complaints had no validity.'' The Department of Labor stated in part in its findings that the complaint was investigated and determined to have no merit; ``there is no reasonable cause to believe that (The Project Group) violated (the Sarbanes-Oxley Act),'' and The Project Group's reasons for discharging Ms. Idol were ``made for non-discriminatory business reasons.'' Either party has thirty days to file objections to the Department of Labor's findings and request a hearing for de novo review with an Administrative Law Judge. If no objections are timely filed, the Department of Labor's findings become final.

I added a public message to your HOC board (Heritage Oil)

Fortune 100 Global Oil and Gas Giant Continues EPM Effort with The Project Group
Wednesday September 14, 6:30 am ET


HOUSTON, Sept. 14, 2005 (PRIMEZONE) -- The Project Group, Inc. (Other OTC:PJTGQ.PK - News), a leader in project management solutions, announced today that a Fortune 100 Global Oil and Gas giant headquartered in Europe has issued a new purchase order to PJTG to continue their Enterprise Project Management (EPM) cross business implementation. This continues a project that started last year and is spreading EPM using Microsoft's Project 2003 on a worldwide basis. This phase of the contract is through December 31, 2005.

``Our Team is continuing to prove the value of Enterprise Project Management and Microsoft's Project, combined with The Project Group's processes. This is further validation by a major client of our team's outstanding success in implementing EPM on a global scale,'' said Craig Crawford, President and CEO of The Project Group, Inc.

Does anyone know if we will still get our shares in Pro Squared?

The Court Approves Interim Financing Plan for The Project Group
Tuesday July 26, 10:32 am ET
Provides Needed Working Capital to Continue Operations

HOUSTON--(BUSINESS WIRE)--July 26, 2005--The Project Group, Inc. (OTC-PK:PJTG) announced today that the Federal Bankruptcy Court has approved an interim financing plan that provides working capital required to maintain the operations of the Company. The interim financing will be provided by Corporate Strategies, Inc. Merchant Bankers of Houston, Texas. The Court also established the current management as the debtors in possession with responsibility to execute the business plan.
"This interim financing provides funds to keep our employees and key suppliers engaged in providing the services we are known for, enterprise project management (EPM) and collaboration solutions. We are in contact with all of our clients and continue to provide the services called for in existing contracts. Our marketing team expects to announce new client assignments in the next few weeks, and we have won and started a contract with a major engineering and construction company based in New Orleans in the past week," said Craig Crawford, CEO and President.

Received one as well. Very professional looking (sarcasm).

harley i got 1 also eom

Case number 05-40979

Letter from Fed Bankruptcy Court
Anyone else get one today?
H

Jeff K, traditionally Chapter 11 filings on OTCBB stocks also include cancellation of all common shares. The bad thing is that most of these companies keep shareholders in the dark until the last minute. I think the PR today said BK was actually a good thing for shareholders.

Do a little research on it. Good luck.

harley... Filing for Chapter 11 is actually good news at this point. It means they're not folding their cards and going home.

PHUCKED AGAIN !!!!!

Filed Chapter 11

The Project Group Board Announces Re-Structuring Plan; Files for Protection under... [FGWXPNB]

The Project Group Board Announces Re-Structuring Plan; Files for Protection under Chapter 11

HOUSTON--(Business Wire)--July 18, 2005--
The Project Group, Inc. (OTC-PK:PJTG) announced today that it has filed for protection under Chapter 11 of the U.S. Bankruptcy Code.
The decision to file for Chapter 11 protection follows extended discussion by the company's Board of Directors with major shareholders, advisors, and management regarding re-structuring options and alternatives for the Company to maximize shareholder value. The Company previously announced the issues related to the working capital crisis created by the direction of all client payments to its principal lender, and the Internal Revenue Service debt for payroll taxes. Management believes that reorganizing under Chapter 11 will allow the Company to control its working capital for the benefit of shareholders and to continue the growth started in the last year. All of the client contracts are expected to continue in effect and new contracts continue to be awarded. The employee team at The Project Group, Inc. has committed to stay together to continue the growth and enjoy the rewards of the reputation for excellence they have all helped build.
"The Board has directed that we re-structure The Project Group for the benefit of shareholders and this action today ensures that our working capital can be used for those purposes. We look forward to completing our re-structuring plan. We assure our clients that our excellent service record will continue. I have never been prouder of a group of people than I am of The Project Group team who have worked together to move our Company ahead without hesitation," said Craig Crawford, CEO and President.

About The Project Group

The Project Group is a Microsoft Gold Certified Partner in Business Intelligence and Information Worker Solutions, specializing in project management and collaboration that provides enterprise-level business solutions to Oil & Gas, Financial Services, Retail, Hospitality and Pharmaceutical industries. The Project Group provides project management, collaboration, and Sarbanes-Oxley focused consulting services to many Fortune 1000 organizations, including Halliburton, Microsoft and several of the largest Oil and Gas Companies in the world. PJTG was founded in 2001, and is headquartered in Houston, Texas.

Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that these forward-looking statements involve uncertainties and risks that could cause actual performance and results of operations to differ materially from those anticipated by these statements. These risks and uncertainties include issues related to the ability to: obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new opportunities, and the unpredictable nature of business risks; as well as our ability to grow revenues in 2005 and beyond, successfully restructure under Chapter 11, maintain our clients, client contracts and employees, increase shareholder value and other factors set forth in the Company's most recently filed SEC reports. The forward-looking statements contained herein represent the Company's judgment as of the date of this release and it cautions readers not to place undue reliance on such statements. The Company assumes no obligation to update the statements contained in this release.

The Project Group, Inc., Houston Craig Crawford, 281-445-3333

Copyright Business Wire 2005 18Jul05 18:21 GMT
Symbols: de;PQO de;PQOF de;PQOX us;PJTG
Source BW Business Wire
Categories: MST/I/OIL MST/I/OIS MST/I/SOF MST/L/EN MST/R/NME MST/R/US MST/R/US/TX TGT/BWB

He should have replied with something. You don't just ignore your stockholders. NO CLASS!

JeffK,

probably doesnt have an answer IMO. Inching up again here.Hoping the averaging down pays off and the filings get done.Maybe some news about revs growing would be nice also.


~Rig

I sent Crawford an email last week, and asked when they might file the 10K's. I never received a reply.

lol schlitz,

I need .023 now unless of course, I buy more.Hoping the filngs get done.


~Rig

.0035, now I'm only down 80%. weeee- LOL.

This stock is over. Misleading, naive management, or whatever you call. It's so irresponsible.

they have no $ for lawyers. I only see 3 choices here. BK or dissolvement or sell out to someone. The later only offers hope for us.

I guess that means the spin off is shot? Wonder if the law suits will begin like over at XYBR. I'll be watching this one.

Form 8-K for PROJECT GROUP INC

6-Jul-2005

Other Events

Item 8.01. Other Events
The Project Group, Inc. announced today that it has failed to meet its most recent payroll. The failure to meet its payroll resulted from a delay in securing a subordination agreement from the IRS which, in turn, resulted in the company's principal lender refusing to release receivables to the company or loan additional funds to the company. The company has been engaged in ongoing discussions with the IRS in an effort to secure an agreement to subordinate delinquent tax obligations to amounts owing to the company's principal lender, which amounts are secured by a security agreement covering the company's accounts receivable, among other assets. While the company has repaid, in full, amounts borrowed under its factoring agreement, the lender has asserted an ongoing claim to the company's accounts receivable to secure repayment of amounts advanced by the lender outside of the factoring agreement. As a result, all collections on receivables have been applied to reduction of amounts owed to the lender leaving the company without funds to support operations. Accordingly, there is substantial doubt as to the company's ability to continue its operations unless and until additional financing is provided, either by its existing lender or other sources.

the dumping is'nt even controlled. just pure MM/insider slaughter. Freak pennies from now on.