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fantasy land
seems ridiculous to me
000 means thousand
how do you figure that is $M's?
where you reading this?
i agree with that. all the news was bs to rev up the volume
there's a lot of talk in the document about failing, not having enough money and the possibility of going out of biz.
hope they didn't run a p&d, shut everything down and now think this is going to allow them to say "well we told you so and walk away a few months from now"
i dont want to think that, but i cant say that im not.
little late, but you get an "A" for effort.
the projected revenue through the end of 2012 is just a little over a $1M. that's a little short of the $660M from the russian oil and $68M for the rigs, etc, etc, etc.
just click ctrl, alt and your arrows to flip your screen
dont know bud. all we can do is wait and see
pgi's facebook shareholders group is back. just saw they posted some news on my home page, but its old.
http://www.facebook.com/pgienergyshareholders.pgie
i have no idea if they intend to buy back shares. just like you, i read the news letter they released and can only assume something is in the works for some investor to buy back shares.
it certainly wouldn't be hard. they could be doing it right now. what advantage would they have by tell us? that investors doesn't want to drive the price up.
i think this time its different. the companies whole attitude has changed. they had a consulting company come in to help them figure out the problem and obviously they biggest problem was too much forward looking info being released. that's why you've seen a lack of info from home creek and pgi lately.
from what i was told, no news will be released unless the money's in the bank. if forward looking news is released in order to let investors keep track of the direction of pgi, it will be specifically stated in the news that the deal is pending and could possibly fail, however, no more monetary statements unless the money's in the bank.
that's what my bird told me. you can believe or not. i have no reason to lie. i'm neither buying or selling at these level. i'm here for the long haul.
i was also told that a consulting company came in to help them build the new business plan. this could be why home creek has not been updating news also. perhaps they were instructed by pgi to limit the news to get rid of the p&d theory????
well you can count me out. im neither buying or selling at these levels. im here for the long haul and have nothing to gain by pumping or bashing. however, if it ever did hit .0001, i would load up with all i got.
they may not announce the news during the CC?? i was told that most of the news would be quarterly now. they want to get away from the pump and dump reputation that has been created by trying to announce deals at inception. which i think is great!
i do not know. soon i would believe.
hey! if they do enough deals, one is bound to hit! i think this might be the one they're looking for. and the one that will bring some creditably to the company both with the shareholders and within the industry.
i was told that they dumped the social sites because within the new business plan that they intend to present, they intend to have less news per quarter, yet more reliable news when released. they felt that the social sites created more negativity about the company than positive.
i heard from a reliable source that pgi closed a really significant deal and has the money in hand. they plan to release that info soon. perhaps during the conf call?
did you guys read the news yet?
biggest news so far. should fly. should hit the wire soon.
i agree! that is huge! finally we get some real news! this thing is going to fly!
i heard they're going bankrupt!
no, jus messin! i'm trying to drive the price down to .0001 so can load up more! :)
also, if you go back to look at Q1 and Q2, your deferred and listed theory doesn't add up according to the salary agreements. this last quarter was a huge jump.
dont get me wrong, nodummy, i respect you and your comments on this board. i think you're right about those issues, but soemthing just doesn't add up. too many hidden areas in pgi's finances and accounting
that makes a little more sense. i've never seen a quarterly report like that, so i don't really understand it. who knows if its even true. its not audited and released by a cpa.
i just don't understand how you can take something that is not there. how do you spend $9M when you only had 6k in the bank in Q2?
i run a company myself. sure we have lines of credit and debt, but we don't spend more than we take in each year.
gandy said not long ago that management was deferring their salaries to help the company move forward, but yes, i do know there are other expenses such as rent, insurance, etc, but $9M in 3 months seems quite excessive.
no, what they need to do is release news that is real and completed. no more forward looking statements. however, they had to in order to rev up the volume necessary to raise working capital.
well, they did that, so there's no disputing your comments. not sure what jose is needed for if you say they shouldn't be worried about investors. time for him to hit the road i guess.
maybe they deleted all the media sites to delete the info. however, i take screen shots of everything they release. i have it all.
not sure how it was wasting time? it doesn;t require much attention. if jose just took 15 mins out of his day to answer questions on those sites, he could have saved the company thousands of phone calls and emails each week.
yes, ive spoken to and corresponded with jose several times, however, he doesn't know too much other than the basics that gandy gives him. jose is just the fall guy. gandy doesnt want to deal with the problem's, so jose was hired to be that guy and he just plays dumb.
$9M on what is the big question? as far as i know, the home creek deal was less than 500k, and the kentucky deal even less, so where did the rest go?
payroll couldn't be more than 500K-1M a quarter.
doesnt really matter because they never reply to anyone on those sites, but its kind of odd that they shut them all down at once. i think they had 150 people following them on facebook. doesnt seem like much, but that's a lot of people to be able to connect to with one quick post.
probably because they don't have the money to pay for the wire service
anyone find out why they all of a sudden deleted all of their social media sites? there has to be a reason. maybe jose isn't there anymore and it was too much to handle?
website is little harder to shut down than a facebook page. who knows?
it is kind of odd. you would think they would release some sort of explanation.
probably better anyway. they didn't know how to run them effectively.
you can't have social media sites when the IR manager doesn't participate on them. questions were being asked and no one would ever replied.
they could have eliminated all or most of the calls to the office by simply answering questions on those sites.