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some!
..500,000 metric tons of the 6M in D2 and another contract for jet fuel, which has nothing to do with the russian deal.
a total of $8M in revenue this week.
forget that!..get a new ford raptor with a 6.2
don't forget that today at 11am central time, pgi energy is holding a share holders conference call. any questions you have can be answered directly by senior management. to participate, dial 1.641.715.3200 when prompted, enter the 923830# access code
http://www.facebook.com/event.php?eid=186182371433721
don't forget that today at 11am central time, pgi energy is holding a share holders conference call. any questions you have can be answered directly by senior management. to participate, dial 1.641.715.3200 when prompted, enter the 923830# access code
http://www.facebook.com/event.php?eid=186182371433721
they have cash flow. its called dilution. hopefully that ends and real revenue begins to pay the bills.
"Price Manipulation: The act of artificially inflating or deflating the price of a security. In most cases, manipulation is illegal. It is much easier to manipulate the share price of smaller companies, such as penny stocks, because they are not as closely watched by analysts as the medium- and large-sized firms.
Now a few things you should know about market makers:
A market maker is not always trading with you and may trade against you creating a conflict of interest
A market maker can use hidden orders to avoid disclosing his real intention and to hide large volumes.
A market maker can use large fake order sizes to intimidate traders to run in the opposite direction. This is referred to as NITBB (no intention to buy bid) and NITSO (no intention to sell offer). For example if a market maker wants to run the stock down he will create a virtual institutional size ask putting fear in the traders that the stock is going down. The market maker will then fill his buys at the lower prices. The reverse may also be done.
A market maker may display a real size to show that liquidity is there to attract big interest
A market maker may use a fake order of a large size to hold the movement until he is done buying or selling his position.
A market maker can use his real identity or can hide behind an ECN (electronic communication network) depending on his intention. He can make an inside market on both sides and under different identities
Market makers may also trade back and forth among themselves, filling their own bids, creating a large decrease and spooking everyone who is uneducated into selling also.
The market maker (specialist) is granted various informational and trade execution advantages and has a lot of power. They can see everything. WHEN YOU ENTER A STOP LOSS ORDER THE MARKET MAKERS CAN SEE THEM! You may notice from time to time a stock hit a short term low and then move up again. Market makers will do everything in their power to hit the stop losses to build up more shares for their account if they believe the stock will rise again. A stop loss order becomes a market order when it is triggered. If the volume of the bids are low your stop loss will trigger a much lower sale price and bring the stock down with it (referred to as slippage).
Watching the trades go through you may sometimes notice very small executions. Some people believe, and remember this is just a theory, those small numbers could be the market maker signals to each other...
100 I need shares.
200 I need shares badly, but do not take the stock down.
300 Take the price down so I can load shares
400 Keep trading it sideways.
500 Gap the stock. This gap can be either up or down, depending on the direction of the 500 signal.
mm looking for shares
the other 8M shares must have been shorts last week. wth! every time we get good news, it dies.
and again! we get nothing. back to low volume and flat line
they told us in this press release.
http://finance.yahoo.com/news/PGI-Energy-Expands-Market-bw-65356752.html?x=0&.v=1
like i said yesterday. if they had something to offer in regard to the russian oil deal or any other area that they are producing income, they would certainly release that to the public. bottom-line is they currently have nothing to report. all the things we thought were current events are now long term.
i went to radio shack and now have the tools necessary to record the conf call on my computer.
scratch that. you have to hit the "most recent" link to see posts by others
you can't post on the official page. they have the feature turned off. you can only comment on their posts.
sec cracking down on fraud and insider trading.
http://online.wsj.com/article/SB10001424052748704187604576289223870653388.html?mod=e2fb
if they had anything positive to say about the russian oil deal, wouldn't you think they would release that? i don't think they have anything. the conf call was set out 3 weeks to buy more time.
i certainly hope they understand the seriousness of their actions since early feb. they made some huge public statements and have yet to provide one shred of information to back them up.
the announcement of the S-1 alone has led 100's of investors into this stock. they led us on to believe it was even filed and they were waiting for the sec to reply. all the time knowing that the audit wasn't even being pursued and sec counsel advised them to forget about registering their company stock.
its as though they were using the S-1 filing in hopes of a spike in the pps. each time the stock did spike, some large seller drove the price down by dumping a huge amount of stock.
this is quickly turning into a nightmare and the fact that pgi is being elusive now creates even more of a concern. the daily posts on facebook have stopped and no one is replying to their email.
its not looking too good.
i dont care if they have 1 employee or 5000. all i want to see is some profit. they have yet to show us one single penny that they have generated, other than selling their company stock.
how are they paying the bills? who's paying those people? why is it such a secret?
I can only think of one reason, which is they have no income!
i don't really care about them moving to the otcbb. there are plenty of pink companies doing just fine. i want to see them move forward and start generating revenue. the S-1 filing is too restrictive for a company trying to get started. they can do that down the road when they have a track record and enough cash to actually get approved by the sec.
however, the $200M financing opportunity is gone.
they should have no problem releasing news now at least. i think its time for them to tell us more about the russian oil deal.
scroll down and look at the link i posted
exactly! like being lied to about the S-1 filing and waiting to hear back from the SEC.
if they told us a bunch of bs about those things, who's to say the whole dame thing isn't bogus?!
so, we were lied to on the conf call. gandy said that the audit was underway and just needed more info. now they say that the accounting firm says its would be a waste of time to start the audit.
sounds like a big pile of shidt to me!
HOUSTON--(BUSINESS WIRE)-- PGI Energy, Inc. (Pink Sheets:PGIE.pk - News)
Dear Shareholders
PGI Energy’s management has released its financial results for the past two years. The management team decided to release these results unaudited after consultation with auditors and company SEC counsel. Counsel and auditors concluded it would be a waste of company resources to continue a full audit given the fact that the company had no operating history for the past two years. Management has decided not to file an S1 and decided to pursue other opportunities that would be less dilutive.
In our commitment to keep you informed PGI Energy, Inc., is scheduling a Shareholders conference call for Tuesday May 31, 2011 at 11:00 am central standard time (Dial-In information: 1 (641) 715.3200 when prompted please enter access code: (923830#)). Call agenda: Shareholder update and Investor Q&A. (Please note: In order to address as many questions as possible we will ask you only address your most pressing question).
Moving forward we will continue our efforts to keep our valued Shareholders and Analyst informed by scheduling a new monthly Go-To Webcast Meeting, details forthcoming.
About us
PGI Energy, Inc., is an energy holding company, headquartered in Houston, Texas. The company’s purpose is to acquire assets in the proven producing oil and gas assets, refinery and pipeline sectors of the energy industry and other synergistic assets. The company will only acquire proven producing, and income producing assets.
Financial Statements of
PGI ENERGY, INC.
As of and for the Two Years Ended December 31, 2010 and 2009
(Unaudited)
now after all this, they're not going to file an S-1 and move to the OTC board.
they need to be a little more creative. investors are only looking for updates, not a full page press release on any given subject. certainly they have the ability to come up with something to keep things moving forward instead of sitting idle
i don't like the form answers being made now. its as though they're tired of answering questions. soon we'll get an answering machine message saying...
"We have been advised by our SEC Counsel not to discuss the S-1 filing or the Audit. The Senior Leadership team is aggressively pursuing all viable business opportunities that will improve shareholder value long term. Any results that may occur from these opportunities will be communicated to accordingly upon completion only".
blah..blah..blah!!! who cares! im tired of hearing the same news over and over again.
omg..how hard would it be for them to create new news without crossing the sec rule line?
even though they are shareholders too, they (pgi) are all drawing a salary, so its not a pressing issue for them. time or the fact that they release no news means nothing to them.
what's this?
http://pgi-fund.com/
all of them took 2-4 months. the S-1 hasn't even been filed yet for pgi, so were looking at aug, sept, oct...?
yes, i'm still long, but very frustrated with them releasing news without regular updates.
jose, last week some time
not sure why it was ok for gandy to update us about the S-1, audit, etc. during the conf call, but not now. seems like a poor excuse to hide that they just don't have anything.
the russian oil deal press release said they entered an agreement, but pgi staff told me that the deal isn't done, so they can't comment. given the immediate sell off that happened right after that press release was out, it sounds more like it was a pump & dump press release, rather than actual real news.
if they are supposedly going to make $650M over 12 months on the russian oil deal, they should have made about $54M already. and, according to what i've read about sec rules, they are allowed to release info about normal everyday activity, so why not release that info? unless that is, they haven't made a single dime from that deal.
a sure why to lose investors forever, is to release big news and then drag those events out forever.
you must be the ceo...you can't spell quiet either. :))
write this on their facebook page and see what they have to say.
something really odd about this company.
another week with no news about S-1, russian oil deal, or other acquisition's. it's getting old. why release info about those things, if they're not completed deals?!
and this is the company you are referring to:
http://www.fromwastetoenergy.com/mgmt.php