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Sure
Let's see how many more lies coming on us.
If you take a step back and review the actions /News since July 2010
along with the # of Shares issued and the issued prices for Debt Cancel , Traded Share Volume in Q4 of 2010 and specially Q1 2011, you should get an idea of the PUMP and DUMP .
I think , instead of waiting for news etc , All the shareholders should join together and take an action against this company and /or inform SEC about them.
We need some news on this turd
Great exchange....Allow people to lie so they can print up and sell as many free shares as possible at huge premiums with no accountability for any of it.
Might as well open up all the prison doors and let all the criminals run free.
What a world we live in huh.
Typical pinkshit/OTC company.
Print up shares and never make a dime.
Who ever created this exchange was a real con man
Govt Contracts
IMO as per 3Q sales and 2011 YTD sales , it seems that PRG never had the "$ 19.2 MM Govt Contract ".
Thanks LOB , for your honest analysis.IMO 67 Million shares have to be free trading shares , as the company has been cautioning that they will be issuing free trading shares for debt Cancellation ( I failed to understand , why they are not issuing free trading shares thru 504 ) .
Tbronk, the Q3 financials aren't exactly pretty...
Unfortunately, as the year has gone on, the revenue stream seems to have declined. Only $152k in Q3 puts them behind pace to reach last year's target of $2mm in revenues, and not sure if Q4 is ahead/behind schedule. After Q2 they had an outside shot to do it, but seems unlikely at this point.
Looks like they issued another 67mm shares to cancel $30k in debt, which brings the outstanding to 386mm shares. The positive is, there are only 114mm shares to issue before they have to increase the authorized amount. (If you can call that a positive) The shares issued for debt cancellation equates to a price of $.000447, so barring a miracle, doesn't look like the stock is moving up anytime soon unless those shares issued are restricted.
PRG Group has to make a decision: Current revenues don't support this share structure, and obviously obtaining financing outside of paying shares hasn't happened. They can either increase the share structure in the hope of attracting new financing, generate more revenues to increase share price, or even pay for awareness for the company, but at this point, we definitely need a PR from the company to talk progress toward goals, potential new business, etc. It's been quiet for WAY too long.
GLTA!
The fact that they are still filing is great. The lack of meeting projections seems like it was already priced in from the .005 to sub .001s fall
OK, LOB, What is your take on 3Q financials. Not looking even close to what was projected.
No reason to file if taps is playing. Looks like a good thing to me
pinksheets.com have the filings
Quarterly Report - Consolidated Statement of Changes in Shareholders Equity as of 9/30/2011
PRGJ - Nov 23, 2011
Quarterly Report - Cash Flow Statement as of 3Q 2011
PRGJ - Nov 23, 2011
Quarterly Report - Consolidated Income Statement - 3Q2011
PRGJ - Nov 23, 2011
Quarterly Report - Consolidated Balance Sheet - 3Q 2011
PRGJ - Nov 23, 2011
After reviewing the 3Q Financials, I totally agree with you.
qrtly out on otcmkts
MK
that's part of the SECs job
but they just don't have the man power or really care enough to police all of these
when things become apparent then they may prosecute
but it's a complex web
and often
the spiders share the web
Is there any way , to stop these creeps ?
Or someone can make a list of such companies and people controlling those companies .
unfortunately
this is the case
lots of bs going around w many unscrupulous peeps at the helm of these companies
it's a shame
though
it looks as if the sec might finally be doing something about it
time will tell
things just don't look very good here at the moment
the silence is deafening
I hope not, as many people will suffer. We need to get the gallows ready. I am tired of companies not holding their investors in better regard.
i could be wrong
but i'm hearing TAPS in the background
We need something soon
Update Required
Update on the earlier PRs for instance , Govt Contracts , Business from Europe thru its UK office is required . The BOD should issue an open letter explaining the reasons for such non performance .
Hopefully we'll see some updates soon...
Had emailed Uma a week or so ago and he mentioned that things were progressing, new projects were on the horizon and that we should see some updates shortly....Define shortly? Hopefully before the holidays...2011 holidays! :)
Is this dead or is there still a chance we hear something positive
thx buddy
ya
awfully quiet indeed
i'm looking for a date w Uma Thurman too
just not sure it's going to happen LOL
gltu
I would think that PRGJ had all those updates with pinksheets for a reason. Can't wait to hear it.
We are super thin back to .002 if things start to turn
Gregg, welcome back!
Yeah, it's been quiet around here. Would love an update from Uma regarding what's going on at PRG, but it's been radio silence. Know the company's been looking to hire, so hopefully that means business is picking up. Until then, we wait in silence. GLTA!!
man
i've been on some quiet boards before
but never this quiet
ghost town here LOL
No offense to anyone , I expressed my views and if you disagree with me you can either
- delete my posting
or
- give reasons if you want to , in favor of high projected PPS
if you think so
or
- work towards saving people's investment in the company
anyways , I appreciate your advise
GLTY
Ok, so your point being that we should all sell our shares now to avoid .0001? Seriously, why are you still posting on this board? Do you own ANY stock in PRGJ? If not, for the love of God, please stop posting. If so, for the love of God, SELL your stock, and then please stop posting. Thank you!
52wk Range 0.038 - 0.0007
IMO Next 52wk Range 0.0007-0.0001 ( projected ) ???????/
ZZZZZZZZZZZZZZZ...................................
JDG
Exactly when was this pumped?
Show exactly when this stock was pumped? It has languished in a range for the past few months.
It hit a high when news was released and optimism had grown.
Show some facts
PRGJ - Picked more cheap shares!
GO PRGJ!
PennyFans
Where's choi who pushed this shit stock
New Lows .007-.008
Nice pump and dump and dump and dump and dump
Heck of a job to the insiders and all here who pushed this dog poop stock.
Someone flush a toilet......
PRGJ,,, sure has a strong seller
i wonder how this will end up,,,
sure, SOuth Beach is great, Miami is , well
exciting but trouble in every corner
cheers
mds
Current Share Structure through Q2 financials ended 06/30/11:
Authorized: 500,000,000
Outstanding: 319,086,173
Restricted: 119,801,500
Freely Traded (Float): 199,284,673
Preferred Stock: 20,000,000
Current share structure anyone?
hey, still watching this one.
MIAMI is a cool place to visit but i can think of much better places to live.
Someone wake me up when we get some news
Umma Pandy,
A lot of people are depending on you. That is the cost of going public. You are better off sharing the bad news with the good.
Please open communications so we can continue to believe in your company regardless of the quarter. you don't have to be a Pr hound to give out viable information. Don't follow the mainstream on this. I work with a company that just secured an IT contract with the air force and will profit 10 fold. Build a relationship and it will not let you down...otherwise we will all lose...mostly your company.
1K Concerned.
great point
any pr could send this higher
if only the management listened
Uma we need an update on what's going on , trip 0s you got to be shitting me.
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PRG Group Inc.
To be recognized as a leader in providing small businesses with a platform of integrated technology solutions that lowers costs, improves productivity and streamlines business processes to improve network and system performance.
To be a customer centric organization that uses highly skilled people, technology and strategic partnerships to deliver a broad range of products, services and customized business applications.
Website: www.prg-group.com
Corporate Address:
856 Route 206
Hillsborough, NJ 08844
Tel: 908-281-1010
******SHARE STRUCTURE ******
as of 12/31/2010
Shares Outstanding: 156,539,096
Float: 82,452,596
Authorized Shares: 500,000,000
***************************************
Transfer Agent:
Signature Stock Transfer Inc.
2632 Coachlight Ct.
Plano, TX, 75093
972-612-4120
see Latest Report filed with Pinksheets.com:
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=39478
Auditor/Accountant
Strategic Partners:
PRG Group has formed several key relationships with many of the leading hardware, software and system integrators to meet the dynamic changes taking place within the industry, such as:
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