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humor - I like - not shore what a binger is - but the room sure sounded empty - echo of an empty federal building - starting to think it was recorded in solitary
If you called the number you must of heard the answering machine voice, the guy sounds like he's been on a binger for the last few days.....I'm going to leave a message ......they wont call me back for sure but thats ok.......I'm going on a binger
Thanks - I didn't think about that one.
I contacted my local Sheriff who in turn contacted the Bridgewater NJ police department who we hope at this very minute is on their way down to the address listed on the Pink Sheet checking out if the company does actually exist.
I hope to get back to you all with good news but will let you know whatever the news is.
I have been for a week - I have been calling & sending emails to everyone listed in disclosure - which I have posted - spoke with old legal form - filed a formal complaint with SEC - I hope you will do the same - they had no other registered complaints - hopefully they will be investigating soon - or maybe that is what we are seeing - I will speak no more
Truth be known I cant believe we're still at this share price I woulda thought this would have been shorted to sub pennies by now
Don't vent here, call the number and if you get investor relations x104....start yellingor better still you can leave a message...that way there you don't have to talk to some dumbazz.....
? Is silence always an admission of guilt - this still bothers me - what a shame - How does one Russian own such valuable property - it was there in front of me - one Russian who is nowhere to be found on the web - one Russian vouching for another Russian and neither can be found on the web - I really became nervous when I couldn't find one company referenced as previous work experience -still just venting sorry
Frustrated - with all this info - lack of info - at my finger tips - At the end of last week - I went as far as googling their corp address - looking for similar addresses in building and calling to see if they would knock on the door - to no avail - one neighbors business was a detective agency - of course their email bounced back
I called the number thats listed on pink sheets 908-382-7924 and the first extension they give was investor relations- no surprise- but they were on another call- no surprise- anyway you all might want to give it a try
what a bloodbath here the past two days, will there be a bounce or is it to the grave for PGNE?
i don't think anyone is posting untruths. the postings by the bashers are no more untrue than the posting by the pumpers. there is no sure evidence to support anyones postings for this company. we can't even find out for sure if there is a company. there is no one to speak with at the company. one could go on and on, but the fact is that no one knows. we can only hope. Investing 101 teaches to beware when all we have left is hope.
That may be - if true - what kind of company would punish thier long term stockholders in this manner - there just may not be as large of a float (30 + mil) - as of 11/09 there where only 7 holders of record ? bit confused there - it just seems a strange way to rip people of - such small amounts -
someone from company needs to respond with answers to questions all are asking - it should be easy to calm investor nerves - this drop hurts there value also - hope web site re emerges better than before and in short order
shell companies are real - just empty - we all need to do real investigation - if you know someone in England - have them stop by Mr. Charlon address
Hi friends....My Attorney General's office says his preliminary check of PGNE shows it is a legitimate company. I also have contacted the SEC, their main office is closed today because of snow but I am waiting for a reply from their regional office, I will get back to you when I hear any news from them. I plan to contact the Wall Street Journal next.
Thanks for all the legitimate information many of you have been posting, the rest of you who are posting untruths need to stop the rumors, now!
We are all a passionate group, but please don't panic today, you can always panic tomorrow or the day after if we can't find the reassurance and calm we are looking for.
maybe pgne is buying back stock. maybe they are driving the price down to buy back at low level. wishful thinking perhaps, but it could happen.
Who the hell is buying?
REGRET - I AM A IDIOT! TOO GOOD TO BE TRUE
Can't help but feel sorry for all involved - Greed took me over - good luck to all longs
Home Page is gone
I found similar in the past - but they may just be reiterating / consolidating news service wires. I would love to see some registry service (governmental) validate acquisitions - RIG Co. as well a drilling license
Aquilla Finance Capital Ltd. for loan?
Bluewave Advisors LLC?
Seneko Holdings Ltd.
Bosee Incono Investments Inc.
Dzhebolskoye Chikshino Investment Co.
I'm starting to dig deeper, trying to find web sites that are european that has carried the news releases...found www.scandoil.com....www.gulfandgas.com so far at least the news shows up there, probably means nothing
I'm starting to dig deeper, trying to find web sites that are european that has carried the news releases...found www.scandoil.com....www.gulfandgas.com so far at least the news shows up there, probably means nothing
I need help - I have always been curious about "Black Sea Energy" of course the only reference was it merged with Sunwing - eventually Ivanhoe - didn't make sense until I read deeper into 9/30/2009 1/4 report - who is he to own such a valued license?
The Issuer is not aware of any beneficial owners of its Common Stock. However, 175,000,000 shares of its Common Stock are owned by Black Sea Energy Inc.
Black Sea Energy Inc.
9, Gasheka Street
Suite 632
Moscow, 123056
Russia
Tel: +7 095.920.2120 Black Sea Energy Inc. is controlled by its sole shareholder and officer,
Vladamir Y. Protskiv9,
Gasheka StreetSuite 632Moscow, 123056RussiaTel: +7 095.920.2120. There is no registered agent for this company as it is a Russian entitiy.
The report also states that R Charlton loaned the company 1.5 million last summer? Demand loans 5% march 09.
I a hoping - someone can validate the existance of any of these people?
it was actually 188620 at .072
If you go to otcbb punch pgne then go to level 2 they show all trades, amount and at what time you'll see it there....cheers
Sure that wasn't a sell 282030 at close. AOL money, but there were some high volume buys.
someone bought 186880 shares at .072 3 minutes before the close....what was that all about
I hear ya.....
however that still doesn't answer my question, why are these people not dumping the AS of 1.5 billion shares and running and further more Pink sheets does a fairly good job of sniffing out outrages press releases and slapping a CE skull and cross bones until companies validate the PR's, this is one of the few pink sheet companies thats even current on their filings...for that matter why aren't the companies that been issued the 233 million shares dumping as well....
Lastly to go out and mastermind and plot a scheme such as this and get nothing from it, just doesn't add up...I've zillions of scams on pink sheet companies and you eventually figure them out, issue shares, reverse split issue more shares on and on with outrages news...I'm rambling
Yes -
I have over the last 2 days corresponded with counsel Marc Applbaum - He has stated through email that the company was retained mid year and "resigned" the second week of November. The firm has had no interaction with the company since. That is all he would say, I was grateful for his response.
I am sure may nagging did not help there mood. At the time of the last disclosure to pink sheets - Nov, 5th - they where still retained. It should be removed when the year end is submitted.
I am suprised they mentioned money owed - that is not something a law firm would convey to an outside party.
I also have been trying to validate every written claim made by the company. I have given them every chance to respond - it looks awful. With that said, I did sell a portion of my holdings this morning - removed the remaining order because I was suprised anyone would be buying - suprised the volume didn't spike further and that there was any support (even at .05) - but there was. Who is buying - short covering? fictional stock repurchase? people hoping still for human nature not to be so dishonest,
The gambler takes over - I removed to see if there would be any company response - I will wait a little longer - I also will probably regret this decision - I completely understand why people dought the company honesty - the web site is a joke - they can't even hyperlink the news listed to another service, why am I still here - bad week trying to confirm company claims...I am rambling
i do agree that this this not adding up, however what I really can't understand is why this company doesn't dump the AS via these amazing press releases and take the money and run. Todays volume was disgruntle share holders and i can't blame them i dumped 37500 at the open or shortly there after, but we're not seeing 100's of millions of shares dumped into the float on a daily basis. I picked up some at the close, probably regret it....Comments?
Hello Friends
I admire your optimism, Whispering Spirit, though I don't think that it is justified with respect to PGNE.
You see, I took the trouble to contact the lawyer who is listed as legal counsel on the Pink Sheets, and he told me that his firm no longer represents PGNE, and in fact they are owed "substantial fees" and he has had no contact with them for "some time".
Well, I practiced law for a long time, I understand what it's like to be burned, too. It's as red as a red flag you can get. Although the attorney in question is shown as an officer of the company on Pink Sheets, he denies ever having been a director or officer of PGNE. Now who do you think put his name on there?
Red Flag #2, buddy. 4 letters directly to Robert Charlton, all unanswered.
Red Flag #3. No buying back of shares by the company is apparent. It would have taken only $3.5 Million to buy the entire public float of about 35,000,000 shares. NOTHING has happened there.
Red Flag #4. No news since January 6, 2010. What drilling program?
Keeep the Faith, Baby, Good Luck to ya and God Bless, too. And Yeah, they did quite a sell job on the web site, didn't they?
Regards,
Robert
If this is all true this will go to sub penny. I'm trying to get out now!!
This website issue is very concerning to me. Wow what a find, kind of like finding a hair in your meximelt :(
Hello -
New to board, I am a recent investor - I believe at this time, I have every right to question and be concerned. I became involved as a purely speculative play - very exciting news - Pink sheet disclosures all validated news service claims - so I pulled the trigger - fair disclosure - I still hold 100,000 shares.
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=PGNE
- Attorney Letter with Respect to Current Information- Attorney Letter Sept 30, 2009 Nov 5, 2009
- Initial Company Information and Disclosure Statement- Information Statement Sept 30, 2009 Nov 5, 2009
- Quarterly Report- Quarterly Financial Statements Sept 30, 2009 Nov 3, 2009
- Supplemental Information- OTC Disclosure Subscription Complete Oct 7, 2009 Oct 7, 2009
Has anyone actually been able to speak with support / investor relations - Robert Charleton ?
I have received no response from anyone for 2 weeks - why would that be - I am interested in something more than they are "drinking" - I will not share all info I have found at this time - but I am a bit dissapointed in myself for not being as objective - I am still hoping this is legit - I am interested in factual information substantiating company clains -
thanks you - Scott
Panic is what is always the ruin of an investor. All these false rumors about PrimeGen Energy being fake from a few irresponsible loose tongues out there is not going to help any one. The SEC has all the company paper work in order and on file and there is a history that follows this company. So I don't know what you are talking about. Your motive is probably to drive the price down so you can buy PGNE stock. All I can say is, friends, don't react to these loose tongues. I hope to check into this more carefully tomorrow and will get back to you, the rest of you can do the same and we can compare notes. Thanks, Whispering Spirit (ND-Blackhawk)
h..o..l...y CRAP!!! this company is a fake...i am so glad i got out of this stock when i did! i will continue to monitor this web site fiasco. i have honestly never seen anything like this in all my life. how fraudulent can a company be??
MAJOR KUDOS to twister77 for finding this!!!
if each and every person doesn't immediately go to these two web sites to compare for yourself (won't take long to notice the similarities), you will have no one to blame for your loss except yourself.
I have been looking at PrimeGen for a while now, ever since they announced going into Russia and launching their new website.
If you are to compare their website http://www.primegenenergycorp.com (hosted in Panama!) to this website http://www.medoilgas.com you will notice, shall we say, a striking similarity.
I have e-mailed Bam Creative (company in Australia) which created the web-site for Mediterranean Oil & Gas Plc. asking them did they also created web-site for PrimeGen, and I got following reply:
"Thanks for pointing this out to us. It’s definitely not ours, and they’ve left our code in as well, so we know who copied who. We’ll get our client to get in touch with them – and thanks again for pointing it out to us!"
For everybody on the board, make you own conclusions....
RMFCAN- I have been on board since last May and I bought in at .06 and sold everything but 1000 shares in early August for .28 so if the company isn't legit I don't lose. I watch because if they are legit I'll get in quick and it doesn't matter even if I buy in at $1. The stock will be worth quit a bit more. I am very well verse and been down many avenues with this company. I have spoken to the somerset reporter, old board members, Pacific stock transferring company, others that live abroad, other brokers but no one that actually has anything to do with the company. I have emailed primegen energy, called the corporate line, Applbaum law office numerous times and received nothing. One individual on Yahoo message board has said that he has spoken to a guy by the name of Frank at investor relations, but he seems to be the only one to have spoken to anyone which is bs anyways. The company puts a lot of news out thats to good to be true. There is no buy back the volume and the share price is obvious that its not happening. When I spoke to the somerset reporter last summer he went to the New Jersey office to find a answering machine in another companies office so they stopped running stories about the company. There is no record in Moscow that primegen or seneko exist. I believe Charlton is ficticious. I live in San Diego so I need to get off my butt and visit the law office just to see if that's legit. I don't have many shares so at this point I don't care but I'm still curious. If I do I'll definitly let you know, but until then I have SIPC on my side.
Numbers for period ending Sept 30th came out nov3rd......hoping to see these any day
Hey Scuba
I have been trying to contact Robert Charlton at info@primegenenergycorp.com without any success so far. I wrote to the company on December 24/09, January 7th, January 13, and February 3, 2010.
Alas, no response. The last two letters were copied to the company's attorney, Marc Applbaum. He is shown as legal counsel and as an officer of PGNE on Pink Sheets. I haven't heard from him, either. He must be a busy guy. Here is my last letter:
February 3, 2010
Hi Mr. Charlton
On November 23, 2009, you announced that your company would purchase up to $10,000,000 of PrimeGens stock and I am kind of wondering whether the company has bought any yet.
I mean with $10,000,000 and the shares trading at an average of $.095 per share, one would think that PrimeGen could pretty much buy up the entire float. According to Pink Sheets, the float was 35,590,000 shares as of Sept 30, 2009.
As you said on November 23, 2009:
"We have been astounded by the sharp decline in our share price over the past several months. Nevertheless, we believe PrimeGen's share price has become significantly undervalued. That view is based on our assessment of the oil & gas market over the next few years. Accordingly, we believe repurchasing shares at these prices represents an exceptional investment opportunity."
Well, I guess you might say that I am somewhat astounded myself. I mean, I only hold 45,000 shares, and my average cost is 0.1178329 which may not seem like much to you, but I am down 23% and sitting on a loss of about $1,300.00. Maybe the stock price will go down some more, like today. It's trading at $.09. I see no evidence of any insider trading, or the Company actuallly implementing your plan. Pink Sheets doesn't have any record about this anyway. Maybe you should tell them about your buy-back plan. Just a thought.
Just for fun, I check out some blogs relating to PrimeGen, and one of the bloggers says that your company is a scam. Kinda like Caliber Energy. They are building wind farms in China under the name Navajo Wind Energy. Check out that company on Pinksheets.com and you will see skulls and crossbones and caveat emptor written all over it. It trades at $.01 a share, amazingly enough.
Now I am not saying that your company is anything like Caliber. I took the time to read your last quarterly unaudited financial statement, and it really didn't look bad at all. It inspired me to buy more of PrimeGen's stock. I averaged down, figuring that this company is way undervalued. Well, I got more shares, but my losses have increased, unlike your company, which appears to be making serious money according to your various announcements.
It doesn't look to me like will be forced to raise capital by issuing more shares, since you seem to have made more than enough on the Timan Pechora project to be actually able buy back a bunch of stock. In the usual case, a buy back by a company has the effect of increasing the value of the shares. You could do a roll back to decrease the number of shares outstanding, but normally companies who do this need a higher share price to get the financing they need to continue a project.
Maybe your should declare a dividend of $ .001 or $.002 a share. That would wake people up, wouldn't it? Unless of course, you want to be like the Fat Cats in Goldman Sachs and those other "Too big to fail" banks, and just bonus yourself a couple of million bucks.
Honestly, I don't know what you can do or will do, you are working with a bunch of Russians over there, and maybe nobody in the USA trusts Russians. They have their share of corruption, doncha know? Maybe the cold war isn't really over.
Maybe you can sit down with Mr. Applbaum some time, and come up with a plan. He is the securities law expert. As for me, I think you should update your web site a little. And next time you announce anything, put in your web site address.
Regards,
Robert M. Fulton
Ok, maybe that letter was just a little snarky, and they may think that I am just some lunatic. With a small investment in the company. Be that as it may, they have announced nothing since January 6, 2010, nada, zip, and zero. Which makes me nervous. I am checking out their "transparency factor", and so far, it comes up as "opaque".
If PGNE were to buy back their entire float at the prevailing market price, it would cost the company $3.5 Million to do that, maybe less. If they hit every offer on the table for up to
$ 10,000,000, and their production figures are accurate, the stock should trade around $4.00 really fast.
If Mr. Charlton is truly astounded by "the sharp decline in the share price", and isn't just blowing smoke about this buy back, something should appear to be happening. We are led to believe, that PrimeGen is certainly in a position to implement the share buy back plan. But maybe, just maybe, there is nothing behind it.
Well, I was a lawyer for along time (now retired), and Mr. Applbaum is a lawyer and officer of PGNE, and I think he can understand the term "false representation", and the possible consequences of making them. All this good news that came out before January 6, 2010 led me to "average down" by buying more stock in PGNE, and I am a smart guy. If one relies on a false statement to one's detriment, then it's actionable if damages result. I am a Canadian, and don't claim to know too much about US law, but I think that there is such a thing as punitive damages, and personal liablity on the part of the directors and officers for making (or allowing) false representations to be made on behalf of a company.
We will see. Their audited financial statements for the year ended December 31, 2009 should be filed and published soon. In the meantime, I will just be content to let my losses run, and if the stock goes to ZERO, I will get back to even (or better) later. In the meantime, it's Caveat Emptor, for all you buyers out there.
Regards,
RMFCAN
ps Here are the e-mail addresses for PrimGen and their legal counsel
PrimeGen Energy: info@primegenenergycorp.com
Marc Applebaum: mapplbaum@apzlaw.com
He can't answer your question.
Concerning PrimeGen Energy buyout: where did you get your information about a possible buy out of PrimeGen Energy and what is the name of the 'certain' large oil company? Not wanting to put you on the spot but we are all looking for some really good news.
Where did you find this information? Give us source.
Yes, I've checked it out and discovered some interesting facts that would explain some of the accumulation going on.
A certain large oil company in that area of the world is acquiring various other smaller companies through buyouts. Now that this company is producing much more oil it seems a possible buyout candidate. IMHO. This would be great news of course, but this company is also growing itself just by its current operations.
Checked it out?
Have you seen the wells of ROD21, ROD22?
Have you spoken with the CEO?
Thanks.
RITCHEY
Explain why this stock won't move if it looks soo good. A lot of people do already know about this stock and are watching. I have been following it since last May and bought and then sold most of my shares at .28 cents. Reason Too Good to Be true, but I still hold some just in case. I can't get a hold of anyone at this company so I am still skeptical. Few things happening that concern me. One, Always a big purchase or sell at 10AM. Depends on share price if their going to sell or buy. Also, WSNA sells everytime they report. I think they would hold on to their shares if this thing is going to soar. You can keep pumping this stock if you want but until they show me something other than the normal news I'll stay with a small position as a lot of other's are doing.
Busco!!!
"We aim to maintain a diversified portfolio view of exploration projects, balancing our holdings between safe, secure investments and those higher risk projects that offer greater potential rewards. Our Russian properties are an excellent example of our strategies geared towards higher risks and rewards.
In addition to our Russian growth properties, we plan to continue to search for Eastern European based target properties which will support our hedging strategies directed towards offsetting the risks involved in our other projects."
Looks good. I've checked it out and found another positive aspect. If there's troubles in the Yemen or Iran regions then oil from the mideast is threatened. Once that happens before long, then oil prices will go up a lot.
The good thing about this company, and other non-mideast oil producers, is that they are secure and will greatly benefit from the run up in oil prices.
Companies greatly exposed to the mideast may have some pps decrease should wars erupt. Maybe. However, like I said, this company is not located anywhere near hostilities and the pps should benefit as a result. IMHO.
The company looks good when checked out. It's located in an excellent region for oil/gas.
BTW, you're welcome.
cause its a scam
far from it, more like a healthy and growing baby.
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=25735
Thanks stokpik777.
Not many people know about it yet. I've checked it out & it looks good. You know it's probably ok if there's even a brand new one time basher on here.
Don't trust bashers or me. Just perform some basic DD and you'll see it looks sound.
BTW, if this were a "scam" as the basher said, this company would be diluting its shares instead of doing a stock buyback. Also, there would be way more hype about this or that getting ready to pop. You know like takeover news and stuff like that. Instead we just have increasing productivity and stock buybacks. Good sound business that builds up as time goes by.
I'm long on this stock and I expect it's pps to move up steadily as this year progresses. Especially if they get listed on the OTC like Lukoil is. That's all I have to say about that. Check it out yourself.
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PrimeGen Energy Corp. (OTC: PGNE)
Contact Information | Business Description |
Primegen Energy Corp. 908-382-7924 Corporate Website: http://www.primegenenergycorp.com | PrimeGen Energy Corp. (OTC: PGNE) is an oil and gas exploration company whose primary focus is exploring and developing high potential unconventional resource plays. The company's strategy and development assets are focused on a prolific and historic oil and natural gas resource play in Krasnoarmeiskome District, Saratovskoi Oblast in Russia. The Company is headquartered in Bridgewater, NJ and has offices in Moscow, Russia. PrimeGen Energy Corp. plans to use its comparative advantages in certain geographic regions to expand rapidly through strategic acquisitions of small oil and gas producing entities and production assets including wells, properties, operating equipment, and pipelines. |
Click Map Below for Operations Overview
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Company Information for PrimeGen Energy Corp. (OTC:PGNE) provided courtesy of PinkSheets.com
OTC Market TierPink Sheets CurrentPrimary SIC — Industry Classification1311 - Crude petroleum and natural gasBusiness StageDevelopment Stage CompanyState Of IncorporationNevadaJurisdiction Of IncorporationUnited StatesYear Of Incorporation2005Company OfficersRobert Charlton, CEO, PresidentViktor Tymoshenko, Dir. Yury Rybachuk, Dir. Marc S. Applbaum ESQ, Lawyer SEC Reporting StatusDe-Registered as of Jul 14, 2009 | Fiscal Year End12/31Estimated Market Cap$25,639,900 as of Dec 1, 2009Outstanding Shares233,090,000 as of Sep 30, 2009Authorized Shares1,500,000,000 as of Sep 30, 2009Float (shares)35,590,000 as of Sep 30, 2009Current Capital Changeshs increased by 15 for 1 splitEx-Date: Jul 19, 2006 Company NotesFormerly=Maysia Resources Corp. until 9-06Legal CounselApplbaum & Zouvas, LLP2368 Second Avenue San Diego, CA 92101 |
Stock Chart for PrimeGen Energy Corp. (OTC: PGNE) provided courtesy of StockCharts.com
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Press Release for PrimeGen Energy Corp. (OTC: PGNE) provided courtesy of MarketWire.com
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