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i bet pgi made $250k - $400K today
it has no chance of going up when pgi continues to dump millions of shares into the market at bid!
not if pgi gives them permission to release the info. pgi has their TA gaged! AND that spells DILUTION!
dilution!..pgi refuses to ungag their TA and prove they're not diluting.
its the only answer. with this much volume, we should be flying pass .01
someone is dumping big time today!
i screen shot and save everything pgi releases for future reference. if the sec ever needs info, i've got it.
to cover up the millions of shares pgi has dumped into the market during the past few weeks. shareholders are demanding that the TA be ungagged, but they can't do that without revealing the fact that their PR over the past few weeks was merely a p&d. the news revved up the volume, so they could unload.
now they intend to give out a 1-1 dividend to make the share structure confusing. i guarantee their TA releases an accounting of the ss after the split.
there is no logical reason for them to do this split. why would a company starving for money, hand out shares? why would a company, who's stock is struggling, purposely put millions of additional shares on the streets and dilute & devalue their stock further?
its the most absurd thing i've ever heard of. the cover up theory is the only sensible explanation.
if anything, pgi should be buying back stock, not giving it away!
if this is a dilutions scam, they have to be the dumbest group ever! there's no possible way they're going to get away with it. the sec and fed will eventually come crashing in on the them. mczeal will lose his license and the whole gang will be serving time and/or be fined far more than they've made.
i agree, they should have been buying back stock, not handing it out.
and you just further diluted the stock by 900M plus shares.
why? why would you want roughly 2B shares of PGIE on the streets?
that is absolutely insane!
what would be the purpose or pgi's advantage to do a forward split. diluting their stock without collecting any money would be pointless!
what else would you call it, scooby? pgi isn't required to share its profit with shareholders.
where do you read the word "SHARE" in the press release? you don't! why? because they are not giving us more shares. its NOT a forward split.
its a "stock dividend certificate" its basically a promissory note! its a dividend in the form of a certificate that can be redeemed at a later date. its a thank you gift from pgi's management to loyal shareholders.
not sure why anyone would wait to buy. they wouldn't announce a multi million dollar dividend if they didn't make some money.
by doing so and not following through with the issuance of the dividend cert, they will surely pay the price from the sec.
filings? you mean sec filings?
what this should be telling everyone is that they closed some deals and have made some profit that they plan to share.
too bad were not getting more shares. this is NOT a stock split or forward split. this is a dividend certificate. a cert that yields the holder a cash dividend according to its terms. its pgi's way of saying thank you to those who have been loyal and held with them through tough times and several mistakes. in order to get the 1-1 cert, you must own the stock prior to sept 15th
i was told by a broker this morning that the stock dividend cert is not additional shares. its a certificate that yields the holder a cash dividend at end of the certificates term.
so according to this broker, the certs are restricted.
he said dividends can be issued by the company in the form of cash, stock or a certificate
basically, pgi is saying that they've made some profit and plan to share that profit with those who support them now.
a dividend is a money transfer? i dont think we'll be getting more shares, yet a piece of the profit in the form of a cash creidt amounting to the price of 1 share as of sept 15.
i cant imagine them being dumb enough to dilute the market with twice as many shares.
i could be wrong. this is the first time ive seen a company offer a 1-1 dividend cert.
pgi announces 1 for 1 stock dividend
http://www.streetinsider.com/Press+Releases/PGI+Energy+Announces+Stock+Dividend/6730478.html
im not doubting you, joe. pgi is setting up nicely, but its time for them to start proving and showing some revenue. they can;t just continue to operate on the notion they're going to someday make some money.
a business needs to have revenue or it dies! OR you dilute the companies stock to continue operating until there's nothing left, at which point you throw your hands up, play stupid and file bankruptcy
still...that is a forward looking thought. we need news that says.. "we made $5M today"!
where dat joey
money just never seems to be apart of any news release. its merely a promise or forward thought. i hope that changes in the future.
all of the mm's buy, sell and trade from each other. who knows where its coming from. you can't base the origin of the sale based upon the mm's ticker
pgi's TA is authorized to sell their shares through any means possible and that does not always mean directly through or from them.
i'll take 100k today! wouldn't you?
$10k for pgi. if they do that 10 times today, that $100k
until they prove me wrong by ungagging their TA or providing us the a certified accounting of their ss, that's what i believe is happening
you're just in denial.
dilution!
dilution
follow pgi energy on facebook
http://www.facebook.com/pgienergyshareholders.pgie
excuse me.....009! what's the difference? almost 1B traded and can't get above 1 cent.
i don't care if pgi dilutes to raise cash. that's the purpose of company stock, but they should be telling shareholders and making every effort to keep their company transparent. they should also do their best to limit the amount they dump on common share holders.
bottom-line is, pgi is selling shares into the market on each news release to raise working capital and that is keeping us down.
i've watched this stock go from sub penny to .03 in a matter of minutes, so i know what can happen if millions of shares aren't being dump at bid on common share holders
exactly!...money talks! they need to show some revenue.
they haven't made a dime yet or at least shown us. don;t get me wrong, this is probably the the best announcement to date, but we need to see some revenue
yeah...almost a billion shares traded in the past two weeks and we can't get above .008. its pretty tough for common shares holders to move up the ask, when the company is selling at or below bid.
gagged TA and pgi's refusal to release a certified accounting of the ss should be the first clue.
pgi is diluting! they have no choice. they're broke with zero revenue from company operations with 20 plus employees and expenses to pay each week.
doesn't take a rocket scientist to figure it out!
every time they release news about some $800M deal its a pump.
kool! i'll make $7 bucks! saweet!
i have 1000 shares. cant wait until the pps hits $100
there's one way to cure that. everybody stop buying until they show some revenue and release a certified accounting of their ss.
the can't dilute if there's no volume.
no. we dont need anymore partnerships. ive had quite enough of the jv's and partnerships. pgi needs to start making some money and moving forward with the deals they already have.