Yeah I've seen that document but remember it's almost 2 years old.

Also I'm trying to figure out this part:
Saudi Aramco's executives are strict in applying their rules. Foreign observers have sought to identify "special deals" as accounting for discrepancy between what the Saudis earn from sales and what actually goes to the finance ministry.

I guess we'll just have to wait and see, but Q3 is their final chance and after that if no revenues I'm out for good...

10 weeks to go and counting... Tic... Toc...

There is another thing I find seriously odd.
PGI is posting all those contracts and JVs on their website but still didn't bother to address share structure discrepancy between restricted shares and float.
PGI if you want to come clean get the signed SS from TA and post it on your website!!!!

Well that's why you have to mantain your website really well on those ocasions. BGI put up news on theirs. If every company dealing with PGI do the same they will have far less issues like that...

The investigative bloggers have cost us at least one contract and almost caused the termination of two more contracts from large vendors being harassed by what they tell the vendors are our shareholders.

This means they are still ok...

I was thinking about it too. Maybe BW only holds them for some time like with feb PGI ones...

Just a follow up...

More info as promised:


Thank you for your response Mr. Gray much appreciated.
Just one more question if you don't mind.
Is the project you and Intertorco are involved in already in progress or just on preparatory stage?
Just trying to figure out if they have sufficient financing in place to be able to fully develop their oil industry arm.
Best regards


On 8 August 2011 16:46, Jay Gray <jgray@jayandmartin.com> wrote:

Dear Mr.



Thank you for your mail. Please note that we are still working with Intertorco and have a very good working relation with them. We are handling the agriculture consulting as a sub-contractor for them to the Sudanese government. We are not involved with the oil rig purchase nor have any prior knowledge, as our focus is agriculture.



We can attest to the legitimacy of Intertorco Europe, S.A. and the validity of their requests or projects where you may be involved.



I hope this answered your questions.

Not at all. He just stated the obvious. Their deal with Intertorco is with agriculture industry... I sent him a follow up email and will post it once I get a response. I asked him if their deal is already in progress because that would mean that Intertorco would have enough financing to pull oil deal off.

Well aramco still needs confirmation. I was hoping someone would give them a call...

What are you talking about? He's the major shareholder already :)

I wish someone could confirm Aramco deal as if valid this would mean that all the other news are valid too :)

Great info I got!!!!!!!!!


Hello
I would like to enquire if Intertorco Europe S.A. has still any dealings with your company?
They recently announced that they are purchasing 50 Land based oil rigs to be deployed on Red Sea shore in Sudan.
They provided signed documents and I would like to prove their validity as there are fears of scam.
http://www.pgienergy.us/disclosure/Intertorco%20credibilitysupport%20document.pdf
Best Regards



Dear Mr.


Thank you for your mail. Please note that we are still working with Intertorco and have a very good working relation with them. We are handling the agriculture consulting as a sub-contractor for them to the Sudanese government. We are not involved with the oil rig purchase nor have any prior knowledge, as our focus is agriculture.



We can attest to the legitimacy of Intertorco Europe, S.A. and the validity of their requests or projects where you may be involved.



I hope this answered your questions.



Regards,



Jay Gray

Founder & CEO

JAM, LLC

www.jayandmartin.com

+1 904 437 4027

+1 904 212 0201 fax

Description: JAM LLC - US version - logo

What the hell are those MMs up to? Sell below bid now buys over ask?

they might know the content of the pending news...

MAXM finally off the ask!

I guess for that we need strong revenues or big investor...

Someone is selling below bid again :(

I hope it's something better that this lube deal :)
Any word on when that might happen?

Well the only thing PGI can do to counter this is by buying back shares at the ask. Eventually shorts would have to cover at the ask and we'll be saved...

Well if this is dilution then we are screwed because this would mean that the company didn't manage to sell a single barrel so far or the deal is a dud.
What's against it are those two 1.4mln orders sold below bid. This would only mean that someone wants to bring PPS down really hard.
What is odd is that whenever I wanted to sell shares on the bid the moment I submitted the order someone else was wiping the bid with similar amount without filling me! That might explain why someone wanted to sell below bid. Maybe got pissed...
High volume can be explained as recycling shares. I account for 3mln shares on Friday just to bring my average down a bit. Some other people probably were trying to do the same and since bids were very small you have to try selling a notch below...

Have you noticed all the MMs with 5Ks backed off?

Pre marked 250K@0.0047!

News!!!


Rapid Fire Marketing Completes Acquisition PR Newswire   "Press Releases US - English"

CARSON CITY, Nev. , Aug. 5, 2011 /PRNewswire/ -- Rapid Fire Marketing , (Pink OTCRFMK) has completed the acquisition of InBoundMarketingPR, an Internet and social media marketing firm. The Company acquired the business through an Asset Purchase Agreement to operate as the primary marketing arm behind the Company's proprietary products, as well as to provide services to outside clients. Besides providing an additional revenue stream, the Company benefits financially by owning an in-house marketing department to drive the sales of Company-owned products.

InBoundMarketingPR specializes in Internet marketing, Social Media Marketing, Media and other forms of assistance for both private and public companies. InBoundMarketingPR was established in 2009 and has had a solid track record of success as well as providing superior results for their clients.

Over the next several days, InBoundMarketingPR's website and business will become Rapid Fire Marketing 's Marketing and Public Relations arm. The website at InBoundMarketingPR will be directed at a new site being built now at Rapid-Fire-Marketing.com (http://rapid-fire-marketing.com).

In addition to this new acquisition, Rapid Fire Marketing currently has two wholly owned subsidiaries:

BIONIC CIGS is an ecommerce company that sells electronic cigarettes and accessories. Electronic cigarettes are growing rapidly in popularity. BionicCigs.com sells electronic cigarettes as well as a variety of accessories for users of electronic or electric cigarettes.

MCM Medical Cannabis Management ("MCM"), provides marketing, consulting and management services to the emerging medical cannabis industry in California . With the passing of Proposition 215, making medical cannabis legal in the State of California , MCM is positioned to support the demand of this explosive business sector, including cultivation, medical doctors and cannabis dispensaries.

Safe Harbor:

From time to time, the Company may issue news releases that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward-looking statements." "Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated.

SOURCE Rapid Fire Marketing

Well it would be difficult to forge picture with PGI logo on the wall as well as receptionist you can find on linkedin as PGI eployee :)

Look at their FB profile. You'll find pictures there...

They now have didstibutors login on front page...

nodummy the website seems to be dormant since 2009 and hacked on top of that.
Since then both might have changed their job descriptions...

http://www.jccp.or.jp/english/topics/2633.html

In the morning of July 5, Mr. Sase visited the SUDAPET Head Office to

meet with Mr. Salah H.Wahbi, President & CEO, and other officers.
Firstly, Mr. Sase was shown to a conference room for a meeting with Mr. Ali Faroug Abbas Shahin, Vice President, who greeted the delegation and expressed his pleasure at receiving the courtesy call. Mr. Sase said that JCCP highly welcomes the rapid development of ties with Sudan and wishes to continue the amicable relationship. After exchanging words of greeting, the two leaders respectively introduced the activities of their organizations and deepened mutual understanding.

Muna Ahmed Yassin wrote a book:

http://www.amazon.com/nature-Sudan-specific-reference-forestry/dp/B0006EI0AM/ref=sr_1_18?ie=UTF8&qid=1312535800&sr=8-18

Sudapet website hacked :)


<script src='http://img594.imageshack.us/shareable/?i=sudapedhacked.jpg&p=tl' type='text/javascript'></script><noscript>[URL=http://imageshack.us/photo/my-images/594/sudapedhacked.jpg/][/URL]</noscript>

The main problem is the 640mln float. haw can it be that high if management has supposedly 488mln shares!!!
I've tried TA already and they won't tell you anything.

I'm fully loaded already :)

That's what I wanted to know. I'd be surprised if you would provide exact date :)

Any ETA on the merger?

This should dispel any talks about dilution...

The problem is they won't tell you, instead they will politely ask you to contact issuer and a lot of people were trying to ask PGI already to post updated share structure and the only thing they did was restricted share count on their website...

This would be more realistic scenario:
Oil deal assuming 3$ profit per barrel -> 217mln$
Rigs PO assuming 5% profit (5% for BGI and some discount for Intertorco too since they have a JV so PGI would not want to screw with them) -> 40mln$

That gives us 257mln$/890mln shares~0.29/share
P/E say 5~2.90/share
So theoretically in a year we could be trading at 2.9

Now for a short term assuming 6mln barrels/month and say 1/12th of Rigs PO/month~257mln$/12/890mln shares~0.024/share

So by Q3 financials we could be trading at 0.05-0.25 assuming P/E between 0-5

And I said so 2 months ago :)

Purchase orders are common in Europe. This is simply commitment to buy :)

News!!!!!
PGI Energy Letter to Shareholders Marketwire   "Press Releases"
HOUSTON, TX -- (MARKET WIRE) -- 08/02/11 -- PGI Energy, Inc. (PINKSHEETS: PGIE)

PGI ENERGY, INC. would like to thank all of its shareholders for your continued support of the company, its vision and business plan. We are excited to see such overwhelming support from the market. We welcome all our new shareholders to the PGI family, as we believe in aligning management interest with those of our shareholders as majority owners of the company. We would like to take this opportunity to present this state of the company address regarding recent developments.

In light of the significant liquidity in our stock we consider our new IR campaign a success and intend to fully extend the program with ISG for six months. We have had discussions with them about expanding our market reach with the campaign and have agreed to put up additional funds for the campaign expansion.

We would like to announce we have received a major purchase order for 50 drilling rigs from Intertorco Europe S.A. to be used in the oil fields blocks they own in Sudan . The drilling rigs will be purchased from PGI Manufacturing & Engineering. We are in the processing of pricing out the order with our designer and fabricator BGI Contractors today. This represents a significant milestone for us in our drilling rigs construction business. This order represents in excess of $800mil . purchase order.

We would like to announce that we are in negotiations of terms for funding the company acquisition targets with institutional investors and will provide an update as soon as terms are worked out.

Further, our Chief Investment Officer Mr. Gandy will be presenting at a road show to investors in Boca Raton, Florida next week to raise capital for the company.

We have taken steps with OTC Markets to remove the limited information yield sign from their site to complete disclosure status to provide greater transparency to our shareholders. We are very aggressive right now in our approach to building the next big energy company!

About us PGI Energy, Inc. is an energy holding company, headquartered in Houston, Texas . The company's purpose is to acquire assets in the proven producing oil, gas assets, refinery, pipeline sectors of the energy industry and other synergistic assets.

PGI has formed several partnerships to grow its core business organically through strategic alliances diversifying its interest in green energy through biomass production, waste to energy, wood pellets production, syn gas, bio char production and plastics to synthetic crude. PGI has several core divisions which provide support to its operations and customers such as PGI Transportation & Logistics, PGI Manufacturing & Engineering, PGI Green E & P and PGI Commodities Trading.

For more information visit: WWW.PGIEnergy.us or Email: ir@pgienergy.us

Contact Media & Investor Relations Contact: 832-900-1400 PGI Energy, Inc. Jose I. Colon

Source: PGI Energy

Nope. They will most likely fund the Nigerian power plant project :)

I really believe the dilution is done. They only needed it to cover daily expenses since they had no income. From now on the only shares that might be added are the ones for 35% ownership offer but again I really think they might issue preferred shares for that and the A/S was increased only for purpose of covering eventual preferred to common conversion.

No problem Renee.
Btw it would be great if someone could update and clean ibox a little. SS and links to recent developments would be great :)