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that's just a paste and copy of the info on the pinks website. the only official accounting will come from their transfer agent. pgi can say anything, the TA isn't going to lie for them.
very odd that pgi absolutely refuses to ungag their transfer agent. that's a sure sign of dilution.
i don't care if they dilute. that's how companies raise capital, but at least be honest and tell share holders.
pgi post every thing on the website, but after hundreds of requests for an official accounting of their share structure, they just won't do it. so, there is no doubt in my mind that they are hiding something.
that in itself makes me want to sell out and tell pgi to go fug themselves.
most of the $68M is the equipment, labor and logistics. probably less than 20% is profit and that is split between them and structural dynamics.
$6M to pgi at best
seems quite dumb that pgi would announce what they're selling this company before they receive the money or close the deal. by making the announcement, they're telling their competitors that this company is seeking drilling equipment. every drilling equipment company in the world is probably contacting that company trying to under bid them
the question is, will the shares in the frankfurt exchange effect our shares or dilute our shares? the money will certainly help us. it could be a win, win situation for us.
i could care less if they dump on uk investors. just dont dump on us!
yes. you get the divy up to sept 14
the shares are coming from pgi's treasury. pgi could have been buying back stock for the past few months. when a company buys back stock, it becomes treasury stock. it can either be extinguished or reissued.
if the share structure remains the same, the pps should remain the same.
it will be interesting to see how it plays out. there will most certainly be a lot of people trying to play the bounce right before the split.
why would you sell. you'll have double the amount of shares and when pgi does pop, you can really cash in.
i spoke to gandy today and he said they feel bad about the broken deals and its totally 100% their fault for not doing their homework on those companies.
he said dozens of companies each week contact them wanting to partner up, so they've been aggressively pursuing them. he said perhaps too aggressive! so much so that they have failed to do their dd on the deals.
he said the main objective is to create some value for the shareholders and get the company moving forward. he said they now have stepped back a bit and only take deals that make sense for the company and are proven to be legit.
gandy said to stay tuned, because some big events are coming forward and proof of ongoing revenue is right around the corner.
the guy sold me. either he's a smooth talkin salesman or the man is sincere and pgi is going to come through for us!
i think pgi is going to make it happen and im holding for the big show!
your 100 shares will become 200 on sept 15th
end of year. the q's are a joke. not formal at all. its like a quick books print out or something
i don't see anything here that claims they are holding stock or cash in their treasury.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=51010
i'm curious to know how they got enough shares into their treasury to divy out 900M shares? treasury shares are not the same as the a/s they are holding. at least that's the case if they are wording it correctly.
treasury shares would be placed there when the shares were initially registered with the state or by buying back already issued shares, which come back into the company as treasury shares.
have all the buys we've been seeing over the last month or so been from pgi buying back shares? did they dump millions of shares for a profit on good news and then buy them back on bad news?
where did these treasury shares come from?
Treasury Stock (Treasury Shares)
What Does Treasury Stock (Treasury Shares) Mean?
The portion of shares that a company keeps in their own treasury. Treasury stock may have come from a repurchase or buyback from shareholders; or it may have never been issued to the public in the first place. These shares don't pay dividends, have no voting rights, and should not be included in shares outstanding calculations.
Investopedia explains Treasury Stock (Treasury Shares)
Treasury stock is often created when shares of a company are initially issued. In this case, not all shares are issued to the public, as some are kept in the companies treasury to be used to create extra cash should it be needed. Another reason may be to keep a controlling interest within the treasury to help ward off hostile takeovers.
Alternatively, treasury stock can be created when a company does a share buyback and purchases its shares on the open market. This can be advantageous to shareholders because it lowers the number of shares outstanding. However, not all buybacks are a good thing. For example, if a company merely buys stock to improve financial ratios such as EPS or P/E, then the buyback is detrimental to the shareholders, and it is done without the shareholders' best interests in mind.
Read more: http://www.investopedia.com/terms/t/treasurystock.asp#ixzz1WSNvj8jv
they released a statement on ihub last week that said the dividend share will not decrease the pps because its a dividend and not a forward split.
not sure how that's true, but that's what they claim.
if you look up posts from ALL PGIE, you will find the post
thanks for reminding us that the company would have to be worth 2B to get to a dollar. the last i read in their Q, they lost $650K in 3 months and had 6k in the bank.
wake up little camper!
you must guarantee to release news once a week, dump at least 100M shares of your own stock per week, cancel deals as much as possible, never reveal an official accounting of your share structure and have a nice couch in your office lobby.
who knows!? its overwhelming trying to keep up with the deals and cancellations
show us the money, pgi. screw everything else. we want to see green backs!!
what happens to our shares when they switch to the european exchange. how will we access our shares if our brokers don't trade on that exchange?
i agree
you need to search sec violations and see what those violators get for punishment before asking that question. mczeal knows his license is not on the line. for one, its a corp and a holding company at that. his liability is very limited, especially when he has gandy making all the moves.
yes, i know how to play the game fali. im a professional day trader and ive traded for many years. i've averaged a profit over $1000 a day for at least 5 years now.
pgi management is either the dumbest group of guys ever or a scam! if i had to choice one, it would be scam.
someone should go to their office for the day and count how many employees walk into the office. i doubt very seriously if they have any other than the ones in on this scam. jose to put out the pr's and manage the shareholders and gandy & mczeal dumping shares.
those three are bringing in a $100k-$400k a week, soon, they'll file bankruptcy and walk off into the sunset with a few million
because its not against the law to be stupid businessmen and that's the game pgi's management is playing. they announce huge pr, rev up the volume, dump shares and then either let the event just die or say it failed and play stupid if someone gets too close.
its the perfect p&d. actually, they don't even let the pps rise like most p&d's, which is a known trigger for many sec investigations. they could care less about the pps. all they want is for the volume to rev up enough to dump 50M to 100M shares in a day.
ive written and called mczeal several times. he never responds to email, fb private messages and he's always out of the office.
he knows better than to make any statements. he's keeping the "i didn't know about this" card open.
but that would ruin their game plan. they have no intentions of making any money. they just want to dump shares on huge volume
so this dicwad is probably promoting pgi and shorting it at the same time.
they release news to rev up the volume. they could care less about the pps. without the volume, it would be impossible for them to dump 50M to 100M shares in a day
these guys aren't greedy. they're just skimming the bottom for an easy $100k - 400k per pump.
they registered the additional 1B shares for this very reason. they tried to do it behind the shareholders backs, but nodummy caught them.
the shares being distributed for the dividend are most likely coming from the 20M shares of convertible preferred stock they're holding. i would assume they converted some of those shares and placed them into the companies treasury. all it takes is 1M shares of preferred stock to put 1B shares into their treasury
why would they do this??.......
.......now they can announce the new share structure and make it appear as though the dividend shares raised the issued share count, when in fact, it was really a portion of the newly authorized 1B shares they've been dumping that raised it.
its a very clever game they're playing.
no way would they go to jail and they know it. a fine is the most they would ever get, if that. all they have to do is play dumb. its not against the law to be stupid businessmen. thousands of companies file bankruptcy each year and walk away with millions. 95% of them play the stupidity card. and the sec just wants the money. the sec doesn't care about the little guy getting beat and scammed.
wouldn't you think a legit company would investigate companies before entering into jv's with them and make sure you actually have some revenue coming in from that jv before spouting off revenue claims?
its either a scam or these guys are really the dumbest group ever!
if not more.
bet they cleared 400k today!
but what you don't understand is that its being played to the T!!!! if the sec comes knocking, they will not be found guilty of anything other than being dumb businessmen. its the perfect scam, orchestrated by an attorney who knows the legality of the scam.
it not illegal for them to release forward looking news. its not illegal for them to issue shares. and its not illegal for them to retract contracts, agreements and/or news.
its our (shareholders) own fault for continually allowing the stocks volume to rev up so they can dump! without the volume, they're dead
they've known about this info for a long time! they just wanted to get in a few more p&d's before they started the "dont blame us, we're just dumb" campaign!
you can't be criminally charged when you pay stupid!
they pump us full of bs. dump millions of shares and then play off the failed ventures as just being dumb and naive businessman
classic scam!
the pump! the dump! and now the cover up!
dont worry about posting contracts and agreements! post an official accounting of your share structure! from your TA, not jose copy and pasting the info from the pinks website.
there is no doubt about it. pgi IS dumping shares! there have been hundreds of people contact them asking for an official accounting of their share structure from their transfer agent, yet, pgi absolutely refuses to release that info.
they post contracts, agreements, and every other disclosure under the sun, but they will NOT disclose an official accounting of their SS.
NOW that should be the writing on the wall for everyone! pgi IS dumping shares on every PR.
i've been buying and selling stock for roughly 20 years now and i'm here to tell you, a company with this much info being released and volume does not stay flat lined unless the company is diluting!
believe it, because its happening!