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i dont see anything on L2 for a $1.00
i think youre off by a few decimals. more like .0001
there is no doubt that they have been dumping on us. with 200M in volume in a day, a companies pps doesn't just stay flat lined unless someone is dumping at bid.
i dont know, but i think pgi has some explaining to do. they need to release the real share structure immediately.
the dividend is coming from the already existing 20M in preferred shares they hold.
however, this increase was done before that alternate dividend was announced, so it very well could have been for that reason.
but, that would be a good indication that they dumped the other 1B into the market
the only way they can sell shares is to rev up the volume. without volume, they're done.
they can't find anyone interested in financing them, so they have no choice but to run classic p&d's on common shareholders.
all this company is doing is dumping shares on news for a quick profit.
we should all have seen the writing on the wall at the very first dump when doolittle released the news about the russian oil deal and $650M in profit over the next 12 months.
moments after that release, the dumping began and that should have been the indicator for us all!
nothing wrong with releasing news, but it should be illegal for a company to release shares simultaneously to the release. that would put a stop to p&d's
pps has no chance of rising with 2B plus shares on the street
they've been dumping a bunch of shares for sure. i know its hard to prove, but it should be illegal or criminal to dump shares into the market on news.
they most certainly lied. they posted the ss on their facebook page and we all know that info is not true.
they've been dumping shares since the last conf call and they should have been updating us with that info, but chose to lie in fear of being pursued for a p&d!
this quote below is solid proof of them dumping shares. however, its written in a way to make you believe they've simply issued shares to institutional investors, banks or finance companies and avoid saying they dumped shares on news, which we all know happen.
BUT, i dont care. i just want them to start being honest and tell us when they issue shares, so we have the tools to evaluate our investments properly. enough of the bs, pgi!!
i don't believe that is true, but i understand were you might believe that. i've written the fse for clarification. stay tuned!
that remains to be seen. however, we can currently only go by what they tell us.
obviously you didn't read the share holders letter
it will be hard to get rid of short selling. too many rich people, hedge funds, etc are making a fortune shorting stocks.
a companies pps doesn't always go up, but a company who's pps does go up, 95% of the time will come down, so its much easier to predict a stocks decline.
but i personally think its destroying the stock market and should be banned.
short selling is not allowed on the frankfurt exchange and from what i understand, pgi will be converting all of its stock to that exchange at some point and eliminating its presence here in the otc.
that could change if revenue picks up the otc market pps and holds back short sellers from manipulating this stock as they have been for the past few months
short selling is destroying the otc market
it a preferred stock. pgi has 20M shares of preferred stock that they intend to use for financing. preferred stock is restricted to the terms connected to it at its issuance. (ie: convert rate, length, par value, interest, if offered, etc)
you will not be able to convert this dividend into common shares of pgie for one year.
short selling should be banned over here too. especially in the otc market. short selling should not be allowed for a stock under $5 bucks. it destroys any chance of a new company getting an honest start
yep. there will be 900M guaranteed longs
this is a good thing. it will weed out the real longs from the day traders, shorts, and forward split seekers.
something about the name of this project just doesn't sound inviting to me as an investor. its exactly what i feel like as happened to me as a pgie investor since this past feb
http://homecreekenergy.com/uncategorized/masterson-reames-update-922011/
true. but if all goes as planned, i high doubt they will want to buy back at that current pps.
i hope pgi realizes that one year from now, they must have enough shares of common stock to convert the preferred shares. the preferred shares just don't automatically change into common shares. the holder must return the preferred stock to pgi, in exchange for common shares.
point to the story is that if pgi issues all 2B of their common stock they currently have now for financing, etc. they will have to authorize more shares with the state to comply with this dividend one year from now.
tos & tda offer frankfurt exchange trading, but you have to request to open an international account
the only usa broker i can find that trades on the frankfurt exchange is interactive brokers. does anyone know of others?
http://www.interactivebrokers.com/en/main.php
printing reports is part of their service. go to transfer online's website and read it for yourself. http://www.transferonline.com/
within a few minutes of logging on to tranfer online's service, they could print the report, upload it to the internet and reveal an official accounting of their share structure.
the expense story is bs!
yes, i'm not sure why they're afraid to reveal the use of stock to raise capital. other than instead of issuing preferred stock to investors, they've created p&d's with news to rev up the volume, so they could dump shares of common stock on unsuspecting noobs!
they can alter that with an executive order
no one is criticizing them for using common stock to gain capital. its the deception that is in question.
they have most certainly been using news to rev up the volume and then dumping shares.
they now need to reveal the real share structure and move forward
in other words! YES, they have been dumping shares to raise capital.
why they just don't reveal the share structure to us is unknown. the deception is killing share holder value
a quote from pgi
that would be the only way they could get enough shares into the treasury to hand out the divy according to their description of the process. pgi made a statement last week that said the shares were coming from the companies treasury.
so, where do you suppose they got those shares? common shares are not held in the companies treasury. the only way you get shares into the treasury is to register them with the state as treasury stock or buy back already issued shares.
so we should just lie and allow others to get burnt. i dont think many on here are bashing, yet, talking about how pgi can eliminate rumors and move forward.
the divy is comimg from the treasury, not the common shares! at least that's what they have told us. who knows, maybe jose is a jack hole and doesnt know what he's talking about?
treasury stock is different than the authorized common stock they hold and have the ability to issue into the market.
http://en.wikipedia.org/wiki/Treasury_stock
if they would release an official accounting of their SS and showed us they are not dumping and it really is the shorts, MM's, etc, then that would really help build investors confidence!
i would feel totally different if they proved to me that have not dumped shares on news.
sorry stockztoned2, this was not really directed at you. hit the wrong button
good luck! hundreds of shareholders have requested an official account of their SS, but they absolutely refuse to provide that info.
most likely because they are in fact dumping shares. there would be no other logical reason for denying us that info to clear up rumors
2B are authorized. not the same as issued. we want to know how many of the 2B are issued. as of june 30, 2011, they had rouhly 900M issued. we want an official update!
being that they refuse to give us an official update, many speculate that they are dumping (issuing) more shares to raise money for operating costs OR to line their pockets
can;t be a trillion. the state only has 2B on record as of last week
no, because the dividend is coming from treasury stock, so they say.
yep! being that they refuse to comply with the requests of shareholders to reveal an official accounting of their SS, i have no doubt that its way over a 1B now. there would be no other reason for them to refuse that info, unless they've been dumping shares and want to hide that from investors.
not doing as shareholders request is hurting them more than just telling investors that they had to unload some shares for cash.
honesty goes along way!