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$15K in sales for the quarter, at a cost of $42K. WHAT A JOKE!
Pro Squared Inc files their 10QSB;
http://www.sec.gov/Archives/edgar/data/1164500/000114420405020102/v020559_10qsb.txt
aries4747,
This is far from over IMO.I will be adding this week also.
~Rig
PJTG IR guy is in Louisiana until Monday. I tried to contact him Friday. As bad as the recent personnel shufflings sound, at least they weren't fired. I will call again Monday morning and post here. I doubled my position at Friday's bargain prices.
last news was only employee shuffling. directors out/directors in. have a feeling all connected to internal problem & auditing. auditing has to end sometime. who knows what the freak is going on. I'll stick it out, got in @ .015.
Good luck with this one guys. Maybe we can still get something positive from the spin off. Sold out 2 days ago with the press release.
Is that the company doesn't need to file the 10k for 04 and 10Q for the first quarter? It hasn't had contract news for quite a while now, is it not allowed to do so during this strectch or it simply hasn't any going because of its status? It's a classic example of poor vision and management. All the fluff PRs before have killed a lot of believers. Lessons learnt folks.
That's right. NBB means the pink sheets.
SECURITY DELETIONS
Updated Symbol Company Name Effective Date/Comments
13:30 PJTGE Project Group, Inc. (The) Common Stock 06/24/2005 Failure To Comply With NASD 6530; Added to NBB (PJTG) **
RIGATONI, PJTG will be pink tomorrow;
The other stocks on the deletion list (APHGE, IGNEE, VROTE) show that they are in the hearing process also;
http://www.otcbb.com/DailyListContent/delistings/OTCBBDelOpenReport.pdf
I've never seen the OTCBB list to be wrong since they are the ones deciding. Everyone will know tomorrow before the bell for sure.
Good luck.
fyrace,
That is not the case yet based on my DD.They are still in the hearing process as per otcbb.com, and the date has not been established for the hearing yet. Until the hearing, under their rules, your listing is not changed other than the addition of an e IMO.
~Rig
They are going to the pinks:
OTCBB Daily List:
OTCBB SYSTEM CHANGES - 06/23/2005
OTCBB Daily List
Other-OTC / Portal / PPS Daily List
SECURITY ADDITIONS
Updated Symbol Company Name Effective Date/Comments
13:30 HVAC Peregrine Industries, Inc. Common Stock 06/24/2005 From NBB (HVAC) **
13:30 NFON Netfone, Inc. Common Stock 06/24/2005 From NBB (NFON) **
SECURITY DELETIONS
Updated Symbol Company Name Effective Date/Comments
13:30 APHGE AP Henderson Group Common Stock 06/24/2005 Failure To Comply With NASD 6530; Added to NBB (APHG) **
13:30 CTPPO Central Maine Power Co. 6% Preferred Stock 06/24/2005 Terminated Registration under the 34 Act; Added to NBB (CTPPO) **
13:30 IGNEE IGENE Biotechnology, Inc. Common Stock 06/24/2005 Failure To Comply With NASD 6530; Added to NBB (IGNE) **
13:30 PJTGE Project Group, Inc. (The) Common Stock 06/24/2005 Failure To Comply With NASD 6530; Added to NBB (PJTG) **
13:30 VIRGY Virgin Express Holdings plc Sponsored American Receipt 06/24/2005 Terminated Registration under the 34 Act; Added to NBB (VIRGY) **
13:30 VROTE VitroTech Corporation Common Stock 06/24/2005 Failure To Comply With NASD 6530; Added to NBB (VROT) **
SYMBOL CHANGES
Updated Date Old Symbol New Symbol Name Comment
13:30 06/24/2005 BYMTE BYMT Baymark Technologies, Inc. Common Stock **
13:30 06/24/2005 BZETE BZET Biofield Corp. Common Stock **
13:30 06/24/2005 FDWYE FDWY friendlyway Corporation Common Stock **
13:30 06/24/2005 GAXYE GAXY Galaxy Minerals, Inc. Common Stock **
13:30 06/24/2005 KAIHE KAIH Kaire Holdings, Inc. Common Stock **
13:30 06/24/2005 LCHIE LCHI Lion Capital Holdings, Inc. Common Stock **
13:30 06/24/2005 PALCE PALC Pacific Alliance Corporation Common Stock **
13:30 06/24/2005 PASWE PASW PASW Inc. Common Stock **
13:30 06/24/2005 SNSGE SNSG Sense Technologies, Inc. Common Stock **
13:30 06/24/2005 SSYOE SSYO Sensor System Solutions, Inc. Common Stock **
13:30 06/24/2005 TBLUE TBLU telcoBlue, Inc. Common Stock **
13:30 06/24/2005 TMXOE TMXO Trimax Corporation Common Stock **
13:30 06/27/2005 OLKT OLKTE One Link 4 Travel, Inc. Common Stock **
13:30 06/27/2005 XHUA XHUAE Xinhua China Ltd. Common Stock **
NAME/SYMBOL CHANGES
Updated Date Old Symbol Old Name New Symbol New Name Comment
13:30 06/24/2005 CHBO Chubasco Resources Corp. Common Stock RSVM Relationserve Media, Inc. Common Stock **
13:30 06/24/2005 PHGG Phage Genomics, Inc. Common Stock SLGT Searchlight Minerals Corp. Common Stock **
13:30 06/24/2005 USUR USURF America, Inc. Common Stock CDNC Cardinal Communications, Inc. Common Stock **
JeffK,
They probably have nothing new to offer on that matter. I think the filing gets done.Have you called crawford or IR?
~Rig
You'd think they would have mentioned something about their late SEC filings. BUSH LEAGUE COMPANY!
Todays News...
The Project Group Board Announces Director Resignations and Management Re-Structuring Plan
Jun 22, 2005 1:11:00 PM
2005 PrimeZone Media Network
HOUSTON, June 22, 2005 (PRIMEZONE) -- The Project Group, Inc. (OTCBB:PJTG) announced today that E. Ray McCoppin and Sean Hanson have resigned as officers and directors of the Company. Both Mr. McCoppin and Mr. Hanson continue as employees of the Company.
The Company also announced that a management restructuring plan is being developed by the Board of Directors based on discussions with major shareholders, advisors, and management, and taking into account the contractual rights of Montauk Financial Group to appoint two board members. The Company expects to announce new director appointments and other management changes shortly.
Regarding the re-structuring plan, Craig Crawford, President and CEO, stated, "Our board is conducting a comprehensive review of personnel and processes with a view to positioning Project Group for future growth and, to that end, is seeking to increase independent board representation and to strengthen the makeup of management and the proper functioning of the management team."
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.
About Pro Squared Inc.
Pro Squared, Inc. is a subsidiary of The Project Group focused on closed loop RFID solutions. RFID technology replaces traditional, unreliable bar codes and is rapidly becoming the state-of-the-art in supply chain management. RFID tags consist of silicon chips and an antenna that can transmit data to a wireless receiver. Recently, Wal-Mart has mandated that all major vendors utilize RFID and recently Pfizer, Smith Kline, Purdue Pharma and the FDA have all announced new RFID programs.
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 management, 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.
CONTACT: The Project Group, Inc., Houston
Craig Crawford
281-445-3333
surprise nobody is complaining over the stock price keep going down to almost nothing recently! Already sold and move on? Something maybe bad as it keep taking too long to solve. Anyway, good luck! I too have a small position and was for trading purposes...well, it's garbage. Can't blame as to give him the final opportunity to turn around this company. Looks like he's just too incapable. It's a disgrace on some of his misleading statements throughout the years.
Dont read it that way, they have been deliquent for a while and have been in "hearing process" and still not pink. Are you referring to something different. It says they will be delisted 2 days after, but they were to file a long time ago, and are still in hearing.
headnorthw, PJTG(e) goes Pink on June 27, 2005 if they don't file;
http://www.otcbb.com/DailyListContent/delistings/OTCBBDelOpenReport.pdf
I thought it should already go to the pinks, maybe there's an exception toward the company because of its reason. Nobody has an idea how long this takes.
Hello - So is it the 10K that is required to be filed by the 15th and not the 10q or vica versa? They miss that filing and they go pinks if I'm not mistaken, or am I mistaken.
Thanks.
Hoping for that "E" to come off shortly.~Rig
Anyone called and checked out the situation, or simply wait and see? Is the worst already occurred or still will getting worse?
Stock price is up nicely. Maybe all is working out with the whistleblower thing. Good thing I didn't sell a bit ago when I got nervous!
We'll see. Hope my share come soon!
OTCBB deliquent/delisting list has PJTG "in hearing process" for delisting from the BB. Most likely related to the last 8K. Keep your eyes on it, in case bad stuff comes out. I hope not, but could turn up or down in a shake.
Of out prosquared report...could effect the spin off shares:
The Company's board and principal shareholder approved a 1-for-16.8698 reverse
stock split in the first quarter of 2005. The reverse stock split is expected to
become effective during the second quarter of 2005.
Hopefully Project Group will too.
Thanks for that!
fyrace, Pro Squares 10KSB filed today;
http://www.sec.gov/Archives/edgar/data/1164500/000114420405016956/v018984_10ksb.txt
$6,000 in total revenues for the year and almost 60 million O/S.
Good luck.
No report and lowering PPS can not be a good sign. No updates either. Making me nervous. Anyone know of anything else going on?
Yeah, hoping this is a minor issue, will buy more once it clears up. For sure the PPS will improve.
On a positive note...
This is part of what's holding me here along with the RFID spinoff and MSFT relationship.
http://biz.yahoo.com/bw/050407/75240.html?.v=1
Project Group Reports Back to Back Quarterly Record Revenues
Thursday April 7, 6:28 am ET
Preliminary Results Are Up Over 23% From Q4 of 2004
HOUSTON--(BUSINESS WIRE)--April 7, 2005--The Project Group, Inc. (OTCBB:PJTG - News) announced today preliminary revenue totals for the first quarter of 2005. Revenues for the quarter were in excess of $790,000, an increase of approximately 28% compared to revenues of $615,509 for the same period in 2004. Sequentially, revenues increased 23% compared to fourth quarter 2004 revenues of approximately $640,000. The preliminary revenue totals represent a second consecutive quarter of record quarterly revenues for the company. This upward revenue trend is expected to continue through 2005 based on the committed contracts in place. Our status with Microsoft (Nasdaq:MSFT - News) as a premier Enterprise Project Management partner and consultant has been instrumental in these results.
"Our revenue and backlog have attained record levels due to a significant increase in contract commitments from both existing and new clients. Our team is equipped to grow in 2005 and take advantage of the excellent positioning completed over the past year. Enterprise Project Management, Collaboration, and RFID all have tremendous potential, and we are committed to continuing this growth while maintaining the quality we are known for with our clients," said Craig Crawford, President and CEO.
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.
About Pro Squared Inc.
Pro Squared, Inc is a subsidiary of The Project Group focused on closed loop RFID solutions. RFID technology replaces traditional, unreliable bar codes and is rapidly becoming the state-of-the-art in supply chain management. RFID tags consist of silicon chips and an antenna that can transmit data to a wireless receiver. Recently, Wal-Mart has mandated that all major vendors utilize RFID and recently Pfizer, Smith Kline, Purdue Pharma and the FDA have all announced new RFID programs.
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 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.
--------------------------------------------------------------------------------
Contact:
The Project Group, Inc., Houston
Craig Crawford, 281-445-3333
or
Raphael Feldman, 631-491-1100
or
Osprey Partners
Mike Mulshine, 732-292-0982
ir@projectgroup.com
--------------------------------------------------------------------------------
Source: The Project Group, Inc.
That is why I didn't like it. I have been following XYBRE and this sounds similar, although on a much smaller scale.
For starters they lied when they said the delay in filing the 10Q was because of the spin-off. I never bought that story because the spin-off had nothing to do with last years financials. Does anyone see a class-action down the road?
VITAMIN D,
Not a good update IMO.Let's see what else the filing has to say when it comes.I would like to see how revenues are going.
~Rig
I don't think that is a good update. Would explain the PPS though. Hope they work through it. If all works out well, may be a good buying opportunity.
Volume up the last two days. I wonder if we are close to filing the 10K?
weo
Bye bye PJTGE. They are still dumping those S8 shares!! I said goodbye last week.
Its now only worth a post S8 pop, if you get teh timing right.
S8 shares = 12 million issued 02/22.
19 Million shares traded since 02/25.
Probably another 2 - 4 million to go. Watch for when sellin stops and we may get a nice reversal.
If you check their history, they usually don't file on time. The main thing now is if they can be profitable and not dependent on issuing more shares. It's either they lacking vision or they're bunch of liars. Who cares if they grow their revenues when they can't be profitable? Time is so urgent for them to make profits and avoid further dilution. They better stop going for radio shows anymore; they're making listeners fools or if there're fools still listen to them. Shareholder values??? Unbelievable!
It's a disgrace that these guys can't file the QR report on time. It says a lot of where the stock price is right now. I listened to the last two radio interviews, and was not very impressed with Crawford. On the other hand, I thought Raphael Feldman, Pro Squared's President, seemed to be a "sharp" guy.
WE SEEM TO BE STRONG IN THIS AREA http://www.rfidjournal.com/article/articleview/1534/1/1/
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Outstanding Shares: 53,216,000 Shares.
Shares Authorized: 100,000,000 Shares.
Status: Clean Shell Company.
Business description summary...
About The Project Group Inc.
The Project Group is a Microsoft Gold Certified Partner in Business Intelligence and Information Worker Solutions 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 Fortune 1000 organizations, including M.D. Anderson Hospital, Microsoft, and several of the largest Oil and Gas Companies in the world. PJTG was founded in 2001, and is headquartered in Houston.
About Pro Squared Inc...
Pro Squared Inc is a subsidiary of The Project Group focused on closed loop RFID solutions. RFID technology replaces traditional, unreliable bar codes and is rapidly becoming the state-of-the-art in supply chain management. RFID tags consist of silicon chips and antennae that can transmit data to a wireless receiver. Recently, Wal-Mart has mandated that all major vendors utilize RFID and recently Pfizer, Smith Kline, Purdue Pharma and the FDA have all announced new RFID programs.
About RFID...
http://www.rfida.com/weblog/blogger.html
http://www.morerfid.com/
http://www.rfidjournal.com/article/gettingstarted/
http://www.rfidjournal.com/
~Share Structure...
As of November 22, 2004, we had 46,677,906 shares of $0.001 par value Common Stock outstanding
~Approximate Float... 30 million
Transfer Agent:
Transfer Online, Inc.™
317 SW Alder Street, 2nd Floor
Portland, OR 97204
Phone: (503)227-2950
~Company contact information:
Officers:
Craig Crawford, Pres., CEO & CFO
Phone:(281)-445-3333
Fax: (713)-622-1103
E-mail ccrawford@projectgroup.com
Address:
333 N. Sam Houston Pkwy. East
Suite 275
Houston, TX 77060
USA
~Corporate Websites...
http://www.projectgroup.com/
http://www.pro-squared.com/?content=Home_Page
~Press Releases...
*Project Group and Pro Squared CEOs to Appear on Corporate Strategies with Tim Connolly April 10th at 9 p.m. EDT
Friday April 8, 12:22 pm ET
CEOs to explain expected benefits of spin off of Pro Squared to Project Group Shareholders
http://biz.yahoo.com/bw/050408/85295.html?.v=1
*Project Group Reports Back to Back Quarterly Record Revenues
Thursday April 7, 6:28 am ET
Preliminary Results Are Up Over 23% From Q4 of 2004
http://biz.yahoo.com/bw/050407/75240.html?.v=1
*Project Group Announces Record Date for Pro Squared Spin Off
Thursday March 31, 1:30 pm ET
PJTG Shareholders to Receive Pro Squared Shares
http://biz.yahoo.com/bw/050331/315639.html?.v=1
*Global Pharmaceutical Giant Selects The Project Group for Enterprise Project Management
Tuesday March 15, 12:43 pm ET
http://biz.yahoo.com/bw/050315/155848_1.html
*$100 Billion Financial Services Company Selects The Project Group for Enterprise Project Management
Wednesday March 9, 7:08 am ET
http://biz.yahoo.com/bw/050309/95137_1.html
*Press Release Source: The Project Group Inc.
Project Group CEO Craig Crawford to Speak at Microsoft Executive Circle Webcast
Monday March 7, 12:25 pm ET
Web presentation to highlight Microsoft-based technologies and solutions delivered by The Project Group to help enterprises improve efficiency of Large Capital Projects
http://biz.yahoo.com/bw/050307/75894_1.html
**Here is the presentation...
http://www.pro-squared.com/prosquared/Corporate/Media_Center/
*The Project Group's RFID Subsidiary Pro Squared Establishes Strategic Marketing Agreement with Total Computer Group of New York
Wednesday March 2, 10:51 am ET
http://biz.yahoo.com/bw/050302/25481_1.html
*TVA Productions to Launch National and International MediaBlitz! Campaign for The Project Group, Inc.
Tuesday March 1, 6:44 am ET
http://biz.yahoo.com/bw/050301/15427_2.html
*RFID System by Pro Squared Featured in RFID Journal
Friday February 25, 12:51 pm ET
http://biz.yahoo.com/bw/050225/255367_1.html
*Project Group CEO Craig Crawford to Appear on 'Corporate Strategies with Tim Connolly' Sunday, February 20th at 9:05 pm ET
Friday February 18, 4:00 pm ET
Will Discuss RFID Subsidiary Spin-off to Shareholders
http://biz.yahoo.com/pz/050218/73051.html
*The Project Group RFID Subsidiary to Develop Handheld Enabled RFID Based Evidence Tracking System for Federal, State & Local Law Enforcement Agencies
Thursday February 10, 12:20 pm ET
http://biz.yahoo.com/bw/050210/105526_1.html
*Major Funeral Services Provider Extends Contract with The Project Group
Thursday February 3, 8:24 am ET
http://biz.yahoo.com/bw/050203/35378_1.html
*The Project Group Subsidiary, Pro Squared, Licenses Parco Merged Media Hospital Asset Tracking System
Tuesday February 1, 6:48 am ET
http://biz.yahoo.com/bw/050201/15394_1.html
*Preliminary Results - Record High Fourth Quarter Revenue for The Project Group, Inc.
Thursday January 27, 6:44 am ET
http://biz.yahoo.com/bw/050127/275307_1.html
*The Project Group Earns New Work Order from Microsoft -To Support One of the Largest Automobile Manufacturers in the World-
Wednesday January 26, 6:44 am ET
http://biz.yahoo.com/bw/050126/265294_1.html
*Project Group RFID Subsidiary to Implement Purchase Order from State of Indiana
Monday January 24, 6:44 am ET
Expands RFID Based Safety Inspection Program for Amusement Parks in Indiana
http://biz.yahoo.com/bw/050124/245369_1.html
*The Project Group Subsidiary, Pro Squared, Appoints New President to Lead RFID Initiative
Tuesday January 11, 6:45 am ET
RFID Industry Senior Executive Raphael M. Feldman Joins Pro Squared
http://biz.yahoo.com/bw/050111/115322_1.html
*The Project Group Announces Another Win in the Energy Transportation and Storage Industry
Thursday December 23, 2:41 pm ET
http://biz.yahoo.com/bw/041223/235245_1.html
*Microsoft Consulting Services Issues Work Order to The Project Group for Services in 2005
Thursday December 16, 1:25 pm ET
http://biz.yahoo.com/bw/041216/165660_1.html
*Leading Energy Industry Player Awards Two Additional Job Orders to The Project Group
Wednesday December 15, 1:32 pm ET
http://biz.yahoo.com/bw/041215/155661_1.html
*M. D. Anderson Hospital Further Expands Enterprise Project Management Contract with The Project Group, Inc.
Tuesday September 28, 11:29 am ET
http://biz.yahoo.com/pz/040928/64578.html
*Large Funeral and Cemetery Services Provider Engages The Project Group, Inc. for Enterprise Project Management
Thursday September 9, 11:34 am ET
http://biz.yahoo.com/pz/040909/63603.html
*Michigan-Based Retailer Operating 159 Stores Engages The Project Group, Inc. for Enterprise Project Management
Tuesday August 31, 9:28 am ET
http://biz.yahoo.com/pz/040831/63162.html
*Major Houston Based Oil and Gas Company Selects The Project Group, Inc. for Project Management Proof of Concept
Wednesday August 11, 10:53 am ET
http://biz.yahoo.com/pz/040811/62258.html
~Research Report:
http://www.princetonresearch.com/
~About the ceo...
Craig Crawford has over 20 years of experience in the management of operations in the process industries, construction industries, marketing, and finance. He has participated in and managed very large capital projects on a worldwide basis. Prior to starting The Project Group, Craig was President of Genisys Information Systems and has served in senior management positions from Operations to Finance at Rice University and Brown and Root, Inc.. Craig attended the Colorado School of Mines and graduated from North Carolina State University.
~Ceocast Interview...
http://ceocast.com/company.cfm?cid=6252&n=044344
~Articles/Profiles...
http://findarticles.com/p/articles/mi_m0GZQ/is_46_44/ai_110587363
http://www.informedinvestors.com/IIF_Client.asp?clientID=43402
~Recent Filings...
10Q...
http://yahoo.brand.edgar-online.com/doctrans/finSys_main.asp?formfilename=0001144204-04-021684&n....
http://yahoo.brand.edgar-online.com/doctrans/finSys_main.asp?formfilename=0001144204-05-006882&n....
8K ...
http://yahoo.brand.edgar-online.com/doctrans/finSys_main.asp?formfilename=0001144204-05-005517&n....
Your own due diligence and buying decisions A must!!!
~Rig
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