Progressive Gaming (fka PGICQ)

[IPO$]

Does anyone know what ever happened to Danny and Donnie Jones with PGI?

[Renee]

PGICQ Finra deleted symbol:

http://otce.finra.org/DLDeletions

[LGL8054]

http://ih.advfn.com/p.php?pid=historical&symbol=NO^PGICQ

[stockprofitter]

why so cheap..I don't understand?

[Value_Investor]

The book value is $0.33 per share and the cash is $0.46 per share! The OS is extremely tiny --- only 7.84M shares!

[Value_Investor]

No. Up 80% so far!

[Value_Investor]

0.003 x 0.006 now. Up 50% so far!

[Value_Investor]

Very bullish now! 0.002 x 0.0061. Only 20K shares at the ask! Easy 500% gain based on the tiny OS and MV...

[Value_Investor]

0.0025 x 0.0067 now. Ready to create the new high after 0.0061!

[Value_Investor]

Huge rally today! Easy 100-bagger based on 7M shares tiny OS!

[Value_Investor]

Not at all! 150,000 shares bought at 0.0025 ~ 0.0061 so far...

[Value_Investor]

It is up very strongly today! The high is 0.0061 so far! 0.0025 x 0.05 now.

[bruderphillip]

looks like some activity

[stockprofitter]

Is this dead....

[02opida]

watching

[StockTrader09]

Anyone else following this one?

[Teamlasvegas]

September 2, 2008 5:21 PM EDT

Progressive Gaming International Corporation (NASDAQ: PGIC) announced today that it plans to effect a one-for-eight reverse split of the authorized, issued and outstanding shares of the Company's common stock after the close of trading on September 15, 2008.

The Company is implementing the reverse stock split to maintain compliance with regulatory agencies, its recent financing transactions and NASDAQ listing requirements. Following the reverse stock split the Company will have approximately 10.8 million shares issued and outstanding, inclusive of 2.1 million shares issuable pursuant to the convertible note debenture with International Game Technology and approximately 0.8 million shares issuable under option and warrant agreements.

Following the reverse stock split, the number of total authorized shares of the Company's common stock will be reduced to 12.5 million shares.

Progressive Gaming International Corporation supplies integrated casino and jackpot management solutions for the gaming industry worldwide.

[Teamlasvegas]

UPDATE 1-Progressive retains Roth Capital to seek alternatives
Mon Oct 13, 2008 9:25am EDT
(Recasts, adds details)

Oct 13 (Reuters) - Progressive Gaming International Corp (PGICD.O: Quote, Profile, Research, Stock Buzz), a supplier of branded slot machines, said it retained Roth Capital Partners LLC to assist the company in evaluating strategic alternatives, including a possible sale.

In a statement, the company said it cannot say when it expects the review to conclude and does not intend to comment on it further until a specific alternative is issued by its Board.

The Las Vegas based company added that that there can be no assurance that the review process will result in any announcement of sale or other transactions.

Earlier in September, Progressive's CEO, Russel McMeekin resigned and the company said it would miss its previous 2008 revenue outlook.

Progressive's shares closed at 42 cents Friday on Nasdaq. (Reporting by Divya Nair in Bangalore, Editing by Dinesh Nair)


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[Teamlasvegas]

8.01. Other Events.

Progressive Gaming International Corporation (the “Company” ) has notified its lenders that it believes that it is in default of that certain Note and Warrant Purchase Agreement dated August 4, 2008 by and among the Company, the subsidiaries of the Company included as Guarantors thereto and International Game Technology ( “IGT” ), as amended from time to time (the “Purchase Agreement” ), and that certain Credit Agreement dated August 4, 2008 by and among the Company, the subsidiaries of the Company included as Guarantors thereto and Private Equity Management Group Financial Corporation ( “PEM” ), as amended from time to time (the “Credit Agreement” ). The Company provided such notice to its lenders because, among other things, the Company believes that it failed to satisfy the financial covenants included in the Purchase Agreement and the Credit Agreement for the quarter ended September 30, 2008. The Company is attempting to obtain waivers from IGT and PEM based on recent significant reductions in operating expenses which are intended to improve the Company’s cash flows and Earnings before Income Taxes, Depreciation and Amortization ( “EBITDA” ), although there can be no assurance that the parties will come to an agreement regarding such waivers.

The Company also received a writ of execution from the United States District Court, District of Rhode Island related to a dispute the Company had with Hasbro, Inc. ( “Hasbro” ). On October 25, 2007 the Company and Hasbro entered into a settlement agreement and mutual release of all claims related to a dispute between the parties. The settlement agreement included a consent judgment and the parties agreed to release all claims between them and settle all disputes with no admission of wrongdoing. The Company agreed to pay Hasbro certain sums as part of the settlement. The Company did not make a payment of $1.0 million due to Hasbro in September 2008 under the terms of the settlement agreement. Hasbro has petitioned the court and the court has granted a writ of execution requiring that the consent judgment be enforced in the amount of $1.7 million, representing the remaining amounts due under the settlement agreement. The Company is attempting to restructure the payment terms with Hasbro, although there can be no assurance that the parties will come to an agreement regarding such revised terms.

[Teamlasvegas]

.39 @ .40

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard.

Progressive Gaming International Corporation (“the Company”) received a NASDAQ staff deficiency letter dated October 6, 2008 indicating that, due to Terrance W. Oliver’s resignation from the Audit Committee of the Company’s Board of Directors effective September 24, 2008, the Company no longer complies with NASDAQ’s audit committee requirements under NASDAQ Marketplace Rule 4350. Mr. Oliver resigned from the Audit Committee as a result of his appointment to interim President and CEO of the Company. In response to this letter, the Company appointed Peter G. Boynton as an Audit Committee member effective October 14, 2008.

Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

Effective as of October 14, 2008, the Company appointed Peter G. Boynton, currently a member of the Company’s Board of Directors (the “Board”), to the Company’s Audit Committee.

[Rdflagg]

Anyone visit this place anymore??

[plfminthemiddle]

up nicely today probably coz its football season and Rapid bet live must be doing well..

[plfminthemiddle]

News today approved for wireless play in Nevada ..
News after mkt close Monday should be rockin!