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pgi probably made $100k+ today dumping 50M shares. payroll for 2 more months
53M shares and were still at .0022.
pretty hard to move higher when someone has the ability to dump shares into the market at these prices
all they need to do is post info about the closing of a deal and revenue to get this thing moving. until then, its going to sit right here at the bottom.
to costly. it cost $350 min for a usa release and up to $1000 for international/usa
it appears to be a done deal with a buyer, but maybe im reading it wrong? maybe the buyer is pgi and they have no end buyer??
anyone know the scoop?
so is this deal real or is this the deal with the fake russian company. im confused.
http://www.pgienergy.us/disclosure/CJSC.pdf
i thought this was a fake company?
board quiet today.
when? not one thing they've told us has been true thus far!
has anyone contacted any of the jv's to verify they actually have agreements with pgi?
mczeal probably doesn't have a daily active role in the company. he's just the ceo at board meetings and acts as pgi's legal counsel.
i'm quite sure in the beginning, all he was really interested in was the $2M he was going to get when they could draw down on the $100M equity financing after the stock was registered (S-1)
he's most likely a typical lawyer. he's all about the money. no money, no service!
it appears that those two russian companies were in fact fraudulent. pgi has now taken them down from their website. btw, i took screen shots of all documents on pgi's website several days ago for future reference.
so, that would mean doolittle's presss release regarding the russian oil contract and projected $650M in revenue is also bogus.
i dont really know the answer to that. its sure not looking good.
btw..thanks for keeping my family safe and free!
long road to no where
im sure they had a deal, but the deal fell out after they told us. whether they have any other deals is the million dollar question.
the document on pgi's website is just an offer or a quote. pgi has not purchased any fuel from them.
feel free to contact them: info@salyanoilgas.com
no, but the same guy wrote me back, who signed the letter on pgi's website, so im quite sure he knows who they are.
reply email from salyan oil and gas
Dear Sir,
We have no signed pending contract with this entity.
SALYAN OIL & GAS,
IMAN HASANOV.
Message:
i would like to know if you have any pending oil & gas contracts with pgi
energy out of texas, united states. thank you.
at this level, they should be attempting to buy back as much stock as possible, then again, i doubt they have any money to do that.
for $2M, they could get 100M off the streets. they should make a deal with some investor to borrow $2M and offer them 100K in preferred stock with a nice rate of interest and a 1 to 100 convert.
sad situation we're in here now. pgi's management really dropped the ball. many potential investors have lost faith in this company. its been one disappointment after another. they need something huge to turn this around.
is this the same shareholder letter or a revised version? most of it doesn't make any sense to me? read it and tell me what you think
http://energymanagement-systems.us/pgi-energy-shareholder-letter/
here's the original letter
http://www.pgienergy.us/Shletter/PGI%20ENERGY%20SHAREHOLDER%20LETTER%20No%2021.pdf
get it right pgi or im gone and so will a lot of others. i dont have time for this nonsense! close some deals and show us this is for real.
why does this company need 22 employees? wouldn't just 3 for the trading, 3 project managers, 2 assistance or secretary's and a half a dozen salesman working on commission trying to spur up business in all the divisions be enough. even that seems high with the amount of work and income they currently have. 10 full time employees max!
by looking at the office, the furnishings, the employees, etc., it appears as though these guys are trying to live high on the hog, when they have nothing. they need to get a grip and start in the trenches. they need to do more themselves and pay their dues first in the energy industry.
my son runs a lawn service business that i handed over to him. it does over $1.5M a year in revenue. but i didn't start the business hiring people to mow the grass and trim the landscaping. i worked 7 days a week myself to get the thing going and paid my dues. then when i had something going, i stepped back a bit and hired others to help.
it seems to me they merely want to make money off of others. they don't want to own, run, operate or sell anything of their own.
i don't like that. that's a poor style of operation. you don't build an empire like that. imo, they need to pick one or two divisions and focus on that. stop trying to branch out more. the more you branch out the less effective you become in the other areas. you start running your self to thin and then have to hire more people. more people equals more payroll, expenses, etc., which they don't have at this time
i'm curious to know how they can't afford to make payroll and pay for expenses to haul 80 loads of whatever, but they have the notion that they're going to obtain financing to build a $650M power plant in africa.
who would loan a company $650M when they have $7k in the bank and lost $690k in the past 3 months.
they dont even have enough money to fly themselves to africa!
i think these guys have delusions of grandeur!
the trucks might be the 921k in other liabilities? that might be a loan?
i don't think the extinguishment of debt and loss on assumption of N/P should be carried over like that. the profit & loss realistically should be -$667,351
is that "extinguishment of debt" rolled over to every Q to make it appear as though they made a profit?
that leather couch in the lobby cost 70K? i think somebody furnished their home too on the companies dime!
its the same as Q1? i dont understand?
that's pathetic! in 3 months the brought in $7500 and lost $10,000 trading. my frickin sons lawn mowing service does 5 times that. what a joke.
who in their right mind would give them $650M to build a power plant on the other side of the earth!
all they have to do is sell 1,700,000 shares of preferred stock with a 1 to 100 convert rate, that would give someone an approx 35% stake in the company, yet limit them to the terms, such as a anti-dilution provisions, voting rights, dividend %, maturity date, buy back provision, par value, etc.
not sure why they needed to add 1B shares? no institutional investor is going to want common shares, that do not give them privileges over the common shareholder. common shares are for one thing only. to issue or offer into the public market for quick cash and dilution.
pgi holding off on the Q2 is a perfect example of them letting shareholders dictate their actions. they're worried about what the shareholders will do or say.
good or bad, they need to just file the thing and move on. delaying it just make investors believe they are trying to be deceptive.
if nothing else, at least investors would have had some faith and respect for pgi if we woke up to the Q2 filing this morning.
i agree with you. we need not worry about the current pps or the added shares. the company has vision and the pps will move higher over time. true longs will be happy in the end.
my concern is that pgi consistently shoots themselves in the foot. they jump the gun on news and then disappoint. i'd rather them wait until the deal is done and money in the bank before making an announcement. sure, you can tell the public about upcoming events, but to make claims about projected revenue is just plain foolish.
continued disappointment is what drives investors away. events that never happen cause investors to believe the whole thing is just a scam and that the news releases are merely a p&d attempt.
pgi needs to start making better choices in the future and stop worrying about the 10 people who call them every frickin day. every move they make needs to count!
umm..but .0024 suxxs!
like insiders being able to dump their 2B shares?
gandy and mczeal are now scrambling trying to figure out how to get their money back out of this thing. they thought the S-1 registration of the stock would do that, but that failed.
not to mention, the company isn't making any money because their financially broke and merely want to be a broker and not actually do or sell anything themselves.
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late filing means bad results!
guess were not getting a Q2 today.