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well, that's true. we have yet to see any revenue. pgi needs to prove themselves for sure.
if they just made $1 a barrel, that would be $70M bucks.
they need to close a deal first, usuck
lets just get to a penny first, rookie
if they put out news of a closed deal, this thing would fly!
good sign. no dumping yet!
pgi has had plenty of time to respond to the last friday's dilution theory.
it should be quite apparent to all of us that they in fact, did dump more shares into the market and used the oil deal news to rev up the volume in order to do that.
shareholders are never going to win on this stock if the company merely uses us as a resource to make their payroll
ha!..no doubt! he'd fit right in with those who write pgi's news.
you need a dictionary, browland! and please stop capitalizing the first letter of every word...gezzz!
it cant go on forever. eventually they will have to make something happen other than news about jv partnerships.
investors will grow tired of the bs. when that happens, regardless of how good the news might appear it won't have any effect on the pps.
day traders and investors are well connected and word travels quick.
its the old crying wolf syndrome. soon, no one will believe a thing they say and the companies stock will be dead.
no dumping today. the volume is back to normal, friday was news and the dump. monday was day traders & others getting out and today is just an average pgie trading day.
if pgi wanted to dump 50M today, they couldn't do it. hence the use of news to rev up the volume.
thanks for get'er done joe. whats the word on an accounting of the share structure
we need an accounting of the issued shares and the dates of the last few transactions. not from pgi verbally, but a signed statement from their transfer agent.
this would put an end to our concern and be huge for pgi if they have not been diluting the company further.
i hope you can get it from them, joe. until then, we all are going to have that doubt in our mind.
you haven't been here long enough, ben. we have called and emailed them endlessly. this isn't our first day.
it always results in an excuse via conf call, letter or just a plain good old fashioned bs story via one on one conversation with them.
members of this board have also been in their office sitting at the table going over info and still come back with nothing more than promises.
the only thing we are sure of is when news comes out, large amounts of shares are sold at and sometimes below bid, which in my experience is a perfect sign of a company diluting!
its funny that joe talks to gandy and pgi management everyday, but not one time has he suggested or offered to get a certified issued share count and the latest transactions from them. i think he knows its highly likely that im right and pgi is dumping shares to meet their payroll.
instead of pumping us with your personal dreams for this company everyday, why not use your connection with pgi to get us the answer.
pgi has every thing to gain and nothing to lose if they have not been dumping shares.
more power to you if you can in contract with these people. you'll never contract mczeal. he's a typical attorney in hiding and just simply to busy for common folk like you and I. you might get gandy or colon
ive said it a several times here and people have beee posting the suggestion on their facebook page.
today's volume is day traders and investors getting out after realizing they've just been dooped. friday's voulume was pgi dumping
all they have to do is give us the issued share count and last several transactions. they can print that report in about 5 mins from their transferring agent online account
perhaps its time for us to all start filing sec complaints.
the sole purpose of friday's news was to pump up the volume enough for them to unload enough shares to make the payroll. look at their Q2, they had no choice.
the news wasn't put out to the main stream because they didn't want it to appears as a pump & dump with a huge spike. all they wanted to do is get enough attention to rev up the volume so they could unload 50M plus shares on day traders, and unsuspecting mm's & investors.
its not the insiders dumping personal shares. its pgi, the company, dumping a portion of their remaining authorized shares
it should stop today and we'll see the volume and pps level drop back to normal. AND, we wont hear another word about the oil deal.
pgi has the ability to put the dilution theory to rest. this is their transfer agent
http://www.transferonline.com/index.cfm?action=issuer_services&pathid=65
regardless of who's buying, the mm's or the common shareholder, pgi is still dumping shares into the market.
so was the russian deal according to pgi
sorry, its just not rapid dumping like friday or when the last 6M barrel pr came out months ago.
i believe today, investors who bought friday are getting out.
you can tell when pgi is dumping.
this isnt PGI dumping, this is the investors dumping who bought the 50M+ shares from PGI's dump last friday. volume is too low for it to be pgi
well said. i totally agree!
too bad that's not pgi's jv partner. this is...
http://intertorco.com/blog/wp-content/docs/Company%20Profile%20-%20Intertorco%20Europe%20S.A
it will be interesting to see if pgi chooses to dismiss the dilution theory this coming week. if they do, it will be a huge moment for the company and their credibility.
i for one wanted an answer for the dumping of shares during news. its just not normal for that much selling off of stock on good news. maybe once it peaks out during the day, then the sell begins, but not immediately at the start of the day and at any price.
im not bashing this stock! i want pgi to be successful, but im tired of the bs news, lies, and dumping of shares during good news, when i believe my investment should be increasing in value. as shareholders, we deserve to know if pgi is dumping stock for working capital.
a certified accounting of issued shares and latest transactions from their transferring agent would clear this up quickly!
have no intentions of going anywhere, ben. ive just been here since the beginning and know the history of this company thus far.
they have the tools to dismiss this scenario, so we'll see if they do it.
btw joe! you're forgetting that this company is desperate. trying to do it through market awareness or some p&d marketer would take time and time is something they do not have. they lost $650k last quarter and they're near broke with 6k in the bank! they have to act now in order to make the payroll next week! the only option they have is either to put more of their own money into the company or dump shares. no one in their right mind is going to loan these people any money based on the companies financials.
this is not to say they won't put some deals together and make something happen, but i'd be willing to bet that friday's news was created with the intentions of dumping enough shares to buy some time financially.
a spike in volume like that does not result in just a 1/3 of a penny spike. it goes from .01 to .03, like it has in the past, in a matter of minutes. someone had the shares ready to dump on friday and dumped them at any price they could get with no regard to the possibility that the pps might spike.
since you are so close to management, joe, ask them to clear up the dilution and dumping scenario by having their transferring agent supply shareholders with a certified accounting of issued shares, along with the amount of shares and the dates of the last 10 times they have released shares into the market on behalf of pgi?
this will clear everything up! if they haven't been dumping shares, then they have everything to gain and nothing to lose. AND, if they refuse, then we have our answer!
imo, they dumped at least 50M shares into the market on friday. the reason they didn't release the news via business wire is that they didn't want too much interest, which might create a pump & dump scenario and possibly catch the eye of the sec. they simply wanted to create some buzz to get the volume up enough for them to dump the shares without creating a spike in the pps. they were not interested in the pps, yet rather enough volume to unload enough shares to cover payroll and company expenses for a few months .
same thing they did the morning that doolittle released similar news.
One thing we have to consider is that the main reason a public company issues shares of stock is to gain working capital. a public company does not really care about the common shareholder.
when a company such as pgi is on the verge of running out of money to operate the company, ($6K in the bank and no revenue) they have a choice of borrowing the money, which takes time, or unloading shares into the market at any price. and, they don't have to notify the common shareholder.
50M or so is a small amount compared to the 1B shares readily available, yet at .0020, it would gross the company approx $100k in working capital, which is enough to hold them over for a few months of payroll.
however, unloading a large amount of shares when you only have 5M or less in volume on a non news day is pretty hard. BUT, when you make an announcement about a major development in the company, you gamble that the volume will pick up, which will allow you to dump the shares onto unsuspecting day traders and/or new longs.
the reason they didn't use the business wire is that they simply didn't have the funds to use the service. 6k doesn't go to far, especially when you have to pay your transferring agent to dump 50M plus shares.
this is jmo! but looking at the past history of this company (PGI), it certainly fits a lot better than believing they have a huge new oil deal with a company that no one has heard of or can find any other large projects they've been involved with.
this thing isn't going anywhere if the dumping doesn't stop. imo, i just can't imagine common shareholders dumping huge amounts on positive news.
i personal believe pgi dumped shares to make payroll. all they need is a few hundred grand to make payroll through the next quarter. they weren't concerned about price, yet rather volume. they needed news, in order to create enough volume to dump 50M+ shares. NOW, i bet we hear nothing more about this oil deal. just the same as doolittle's oil press release
before you start yelling..DUMP YOUR SHARES THEN! Tell me your thoughts regarding the dumping. As a common pgie shareholder, this is yours and my biggest hurdle. The dumping of large amounts of shares during news is notorious and keeping us from moving forward.
the dumping of shares during news is a common sign of a scam, not saying this is a scam, but dumping during news is the writing on the wall for most scams.
ive been here since the beginning, so 50% from nothing doesn't mean much to me.
hold the stock down! ha! that's some funny stuff, newyorker.
how am i holding the pps down, when its not going anywhere because someone is selling more shares than the market can support?
not if they want to be able to delete the posts after the dump. a business wire news release is permanent, but not their facebook posts, blog, twitter, etc...just sayiin!
not is pgi keeps dumping shares into the market to make payroll. the pps wont go anywhere.
pgi can issue them anytime they want with no notice to common share holders.