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nevertheless, i think pgi is headed in the right direction and its going to be worth the wait. i was hoping for a quick buck perhaps, but its just not going to happen.
blah, blah, blah...we made no money! <---that sums it up!
with what money? they have to dilute to keep the doors open as it is
mm's don't need to borrow them at all. they loan out and sell shares they do not have. the market then gets flooded with non existent shares, some of which fail to deliver from the seller to the buyer
ah, sorry. forgot a zero. correction: $70k -90K
anybody know what the short was today? most of the volume today could be naked shorts, which wouldn't represent real shares.
im just curious what revved up the volume today. who were the buyers?
copy of what the preferred share certs will look like
http://www.pgienergy.us/Press/PGI%20Energy%20Proof%201.pdf
maybe that's there business address? many companies have separate addresses for the office staff.
at least pgi is doing something now. we see home creek get'er done and now the rig pics. its nice to see some actual work being done and not just a bunch of forward looking statements by pgi. its all coming together. those who bought this stock and are holding will someday be well rewarded imo. pgi just needs to keep moving forward with more projects
hopefully pgi jumps on this
i don't know. i've been self employed all my life, but i could be wrong. i would think a company should or would get the deposit before building the equipment.
sorry, but this all sounds like another load of crap to me. pgi is just getting smarter in its press release approach and ability to bail on the project or so they think.
i find it quite ironic that they release this pr after getting many inquires about that deal last week. its almost as if they dont want to say it failed, so they added some time to the thing and placed a saftey net within
love how they put a safety net in this press release. they pretty much said its going to fail.
pgi should take lessons
dont know bud. i'll im going by is the post they made on their facebook page in reply to some poster question. it seems pretty legit to me. feel free to read it for yourself or ask them yourself. http://www.facebook.com/Transferonline
i think this is all new to pgi, yanky, and mistakes are being made along the way. i would however, rely on transfer online's statement. they are a very reputable company.
i saw them corresponding with someone on their face book page about it. if you go to pgi's facebook page, you will see transfer online as one of the people who "liked" pgi's post about the divided http://www.facebook.com/Transferonline
Transfer Online wrote this:
TA will be sending out physical stock certificates for your PGIE preferred shares. Once you recieve them, you can take them to your broker or send them back to Transfer Online, Inc. to be placed in Book Entry.
If your broker has the proxy, the physical certiificates will be sent to them. Unfortunately we are unable to stop them from going to the broker if they hold your shares. You will have to contact your broker to see how they will be distributing the shares to you. From there if you recieve the shares from them, you can send them in to Transfer Online, Inc. and we can place them into book entry.
well, we certainly know home creek can get'er done! pgi would be crazy not to pursue other jv's with them.
a golf ball sized snow ball rolling down a hill can turn into a giant snow ball if it stays on the ground and keeps rolling!
ha..i just made that shidt up! ^^ damn im good!
WI = Well Interest????? maybe
home creek is on the ball buddy! pgi better keep them happy and supplied with loads of money in order to grow and acquire more oil & gas projects.
disappointing week! thought we'd get some news or something big to move us out of this hole we're in
yes, sept 30th i guess.
i understand that, but why didn't they do this last week? they knew that sept 15th was the divy date. 25 employees and they can't even get this done in time. what are those 25 plus people doing in that office? shorting the stock?
i'm quite sure the quarterly report is going to be crap or they would have already released it.
we'll get the crap report and then a conf call that promises all kinds of revenue and deals for the forth quarter,
as we go on and on and on and on with this. days turn into months, months turn into years. meanwhile, pgi's admin continues to dump shares and make their $200k plus a year salaries.
i'd rather not have news unless its real and underway. pipe dreams should not be public entity news.
shorts are destroying the stock market and good companies everyday. it should be outlawed. this isn't vegas. the stock market should be about investing in companies to see them succeed, not betting against them or dragging them down.
then why print it? its a load of crap and a pipe dream. all it does is build up investors faith, which then gets destroyed when the deal never happens. they don't even give any updates, they just dismiss it like it never even existed. just like the oil deals, fuel pellets, green energy bs, etc, etc, etc...
what happened to this deal? was this just some more nonsense to rev up the volume for dilution?
PGI Energy and J & L Instrumentation & Power, LLC and Knox J & L Energy Solutions Form Joint Venture to Develop 1000 MW Power Plant in Ajaokuta Nigeria
HOUSTON, Jul 08, 2011 (BUSINESS WIRE) -- PGI ENERGY, INC (Pink Sheets:PGIE) has entered into the electrical power generation market with its joint venture partners J & L Instrumentation & Power and its subsidiary Knox J & L Energy Solutions Limited. The parties will jointly develop several 1000 MW power plants in AJAOKUTA NIGERIA. PGI Energy shall provide funding through its institutional investor as a traditional project finance arranged by Pythagoras Group, a Houston boutique investment bank, which serves as chief finance underwriter for PGI. The project is a $700 Mil. construction plan which is secured by long term Power Purchase Agreement and EPC Agreement. The partners will share profits on a 50/50% ratio after debt service and agreed upon G & A. "We are excited to enter into the electrical utility business in a country that is underdeveloped with tremendous infrastructure development opportunities," said Robert Gandy, CEO of Pythagoras Group and Senior Underwriter for PGI Energy.
About J & L Instrumentation & Power
J & L Instrumentation has been very active in the construction of power facilities, refinery, instrumentation panel design and construction.
this week kind of blows. i thought it was going to be a big week with the divy and huge news about some revenue, but it looks like we get nothing. just a bunch bs about the future.
pgi wrote this on their facebook page. didn't they know about this a month ago when the announced the dividend? why wait until the last minute? they just seem so unorganized.
"Our legal counsel submitted change in authorized preferred shares to State of Delaware today to accommodate stock dividend"
pgi's TA will probably be filing the notice tomorrow when they begin to prepare the documents for investors of record.
this doesnt make any sense. how will all shares follow them the the fse and still have a dual listing?
All PGI Energy shares will follow the company over to the FSE. PGI will operate as a single entity and will keep a duel listing on both FSE and OTC.
sounds like a terminator movie title. "third day of the rise"
no divy coming. pgi canceled it.
just kidding!
so what's that...43k a year? nevertheless, this jv is not a game changer. its a good little revenue maker and a way for pgi to get in the game.
so what's 40% of the net 75% NRI on the estimate 10 barrels a day. less than $100k a year im sure.
until the investment is paid back, then it changes.
ok, figure 15 then. its still less than $100k a year. its revenue, but not a game changer. pgi is never going to have anything if they don't start doing things themselves. but, this is a good way for them to get some experience. they need to have their own men at the site learning!
but if you read the lastest release, it says that number will be reduced as the well clears out.