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divided by 3. the jv has 3 partners all receiving equal shares of the profit.
10 barrels per day x pgi's $10. cut x 365 days a year = $36,500
$90. a barrel less 2 partners & overhead/expenses
thought we'd have some news today
that's how i see it. i think today is the last day to get shares.
most brokers have proxy for their investors, so the paper shares would go to that firm
wonder when we'll get the Q?
yes, the divy is still on. they are going to be one year restricted preferred shares. and they have started the process with the fse, but its not complete.
yes, this is the one im talking about
http://www.facebook.com/pgienergyinc
they just posted a reply on their facebook page that answers that question
5 mm's now at 16. 3 at 2
i want to see RAFF get hit! be nice to get out of the sub
16's lining up on the ask. bid still at 14
i wrote them and they replied saying that only naked shorting was banned and it was only banned in certain countries. i'm looking for that email now and will post a screen shot
pgi could really run this up if the give out the divy and lock investors in for a year and then do a reverse split on the common shares only to eliminate everyones position and kill the shorts.
true longs would survive with the preferred shares but all others would be wiped out
i agree. shorts are destroying the stock market, especially the otc and should be outlawed.
not sure about your dilution theory for pgi. i'm on this board everyday and i have yet to see pgi or their TA provide any proof of non dilution. i don't believe pgi has had a choice. they had no money and zero revenue. the only way for them to survive and/or move forward was dilution. i believe we have roughly 1.2B or slightly more in the float currently.
fact is, its a combination of the mm's profiting, shorts and company dilution that has kept this thing on a downward spiral or flat lined. only solid revenue reported by the company will turn this around.
you can trade the fse on tda by requesting an international account. just call customer service and ask.
looks like crap to me. .0014 lined up
i wonder what 25 employees do in that office all day?
agreed
less expenses. do you think those guys are out there working for free? or the equipment is free or never breaks down.
they probably make $10 a barrel by the time they pay all the expenses and split the $ with the partners.
if it was 5000 bpd then i might see something huge
what happen to the deposit?
PGI ENERGY $68 MILLION SALES CONTRACT
PGI ENERGY, INC through its joint venture with Structural Dynamics Engineering now commonly known as PGI MANUFACTURING & ENGINEERING receives commitment to purchase eight drilling rigs. PT Rebana Energi Corpindo of Malaysia agreed to buy four 1,000 HP drilling rigs and four 750 HP drilling rigs, which requires a 45% down payment. PGI Energy will receive 50% of the net profits derived from this sale."We are currently negotiating a number of major drilling rig orders which will generate significant revenues for the company, t
less the money it takes to pay the workers and for the equipment, etc
here! let me sum all this crap up...SHOW US THE MONEY PGI!!!
dream on. we've been asking for months. by reveling that info, they would reveal the amount of shares they've dumped on us
there sure has been a lot of short volume for having no shares to short. have you ever owned or shorted pgie?
you also own a website teaching people how to short otc stocks. does that include pgie?
the big question is will we see any revenue this quarter. i find it funny that we have no updates on the oil rig press release we received a few weeks ago that said the deal was done and the down payment was on its way.
everything they say seems to be a load of crappp
that's on most every pr released by public companies
NEWS
September 09, 2011 06:00 ET
PGI Energy Announces New $15 Mil. Annual Revenue Producing Acquisition Plan
HOUSTON, TX--(Marketwire - Sep 9, 2011) - PGI Energy, Inc. (PINKSHEETS: PGIE)
PGI Energy announces it has entered into a letter of intent to acquire an electrical services company that serves the energy industry. The acquisition target has annual revenues of approx. $15 Million with significant growth opportunities. PGI plans to complete this acquisition within 30 days with institutional investor funding terms currently being negotiated. PGI will grow this division organically through servicing syn gas units, and wood pellets units under its renewable energy division PGI Green E & P. PGI will retain key management personnel and master electricians. The asset purchase will include a vast amount of equipment and fleet of utility work trucks. "We are excited to have negotiated such a favorable transaction for our shareholders to add value and increase profit margins," said Robert Gandy, Chief Investment Officer/Investment Banker.
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 Engineering & Manufacturing, PGI Green E & P, PGI Commodities Trading, and PGI Energy Trading, LTD.
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "will," "intends, "plans," "should," "seeks," "pro forma," "anticipates," "estimates," "continues," or other variations thereof (including their use in the negative), or by discussions of strategies, plans or intentions. A number of factors could cause results to differ materially from those anticipated by such forward-looking statements, including those discussed under "Risk Factors" and "Our Business." Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons.
For more information visit: WWW.PGIEnergy.us or Email: ir@pgienergy.us
Contact Information
Contact
Media/PR
PGI Energy, Inc.
Jose I. Colon
832-900-1400
http://www.marketwire.com/press-release/pgi-energy-announces-new-15-mil-annual-revenue-producing-acquisition-plan-pinksheets-pgie-1558966.htm
anyone been by pgi's office lately. i think they may have folded up and hauled azzssz
i feel like we've been duped! at least if they dumped on us, they could continue to release news and stop the dumping. maybe the pps would go up? heck, we'd be above .03 or higher now if they wouldn't have flooded the market with pgie shares.
the scumbag shorts don't even own the shares. the person who actually owns the shares would get an equal amount of preferred stock
pgi dump fest
but the company can log into their transfer online account, print a transaction report, upload it as a pdf file and post it on the internet. its very simple and free.
that statement is a load of shidt!
whatever..they had 6k in the bank last quarter. you know they used some of the cash from the stock dumps to make payroll.
i guess jose got upset when the ib poster said that jose advised him/her that the pgie stock was risky and perhaps they should not be messing with it??
that was total bs! it was merely to rev up the volume that day. anyone who traded pgie that day, remembers the dumping began minutes after the bell.
you know they are, so why even debate it with them. they've been lying to us for months about the share structure. they could have proven us wrong, but chose not to disclose because it would reveal the dump.
there's no way this thing could have volume of 100M-200M per day and stay flat lined. they released news, revved up the volume and dumped shares at bid. they had no concern for the pps. they only wanted to unload at any cost.