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never said I wanted results yesterday. I would have been happy to see the pps stay stagnant for months until they got the company up and running. Wouldnt have even minded a little dilution to pay bills..ect. A dropping pps for 6 months straight isnt my idea of a good investment or good company management. I bought alcoa at just under 11 dollars a share several months ago...when it hit 17+ I sold....going to do the same again here very soon... If you bought the same dollars amount in this thing ......you would also be down 7 grand.... GOOD stocks regain their losses. As I stated before...at the current time and since PGIEs inception....is nothing more than a day trading stinky pinkie.....complete with lying CEOs and phoney PRS.... It has a yeild sign for a reason. THIS IS NOT AN INVESTMENT. Anyone who thinks this is an investment at with its history is only gambling on the proverbial horse who has a limp but still might win the race (if all the other horses fall over dead)
Im still waiting for the answer on how you think this stock is worth .10.... if you really believe that I will sell you all the shares you want for a penny a share?? deal??
where do you link the motiva project with PGIE?? for weeks now the PGIE web site will not come up on my laptop. I have a friend working on that job site. I can find out from Bechtel if this is even true. I know the expansion is happening but I have seen no information on PGIE being linked in any way with that project.
ok I have a question for you? How exactly do you think this will hit .10 Do the math. This stock is currently worth about .0020 according to my caculations. .10 x 2 billion= 200 Million market cap. With a company who is not even paying its employees?? LOL Lets get real here. PLEASE???
To those of you looking at the JV with sext. That contract is for instrumentation of a power plant I believe. We will not see revenues for about 1 year imo. Instrumentation is the last part of any power plant construction project. I would not bet on revenues from this for around a year. The good thing about this is it should be a time and material job. It is very common in this type of construction.
good for you. That is all this stock is good for is day trading. PERIOD
I am so sick of hearing the phrase "game changers" Nothing happened with it. It is the same thing over and over with this company. They are allways excited about what is coming....Yet when the financials come out... THEY LOSE MONEY. We are dealing with an idiot for a CEO... A pr man who hasnt seen the ball since the kickoff.. and a lawyer who cannot execute a contract...for that matter he doesnt even know the defination of the word execute. The CEO blames shareholders and this board for losing contracts....gimme a break!
Once again PGIE is solely responsible for the terrible PPS. I can feel them thinking about pointing the finger to shareholders like me who bought this stock believing in their plans. The PPS is a result of exactly what we bought into. Liars, misleading PRs, no follow through on half of the PRs.... 3 letters to shareholders now blaming everyone else for their failures. These people cant even spell correctly and they are running a company using our money for investments. Dumping the share price down every week little by little. We had one week of gains only to lose them all. Lets not forget the marketing campaign. They stopped that also. "Fool me once shame on you... Fool me twice shame on me"
500 barrels a day from something that is producing around 10 barrels now? Come on lets be realistic. The writing is on the wall. PGIE diluted and are now trying to cover up the dilution with a bonus for everyone who was dumb enough to buy shares here. I can almost guarantee they will restrict the shares for at least a year. If they do not restrict the shares the PPS will be half what it is now.... or rather the day after the dilution the pps will be cut in half. The crazy way PGIE words PRs and lies to its investors we really dont know thier intent. If this is really a hidden forward split the pps is worth about .0012 from here. The last time this company did a forward split....the pps Tanked. Too bad shareholders cant fire gandy and mczeal... I would like to see a CEO with some brains in place.
Repeatedly I have ask the same question on this board to anyone and everyone and finally got my answer. I now know PGIE intended on diluting all along. They still have no cash in the bank from reading the last financials. This is not an investment it is only a day trade pile of steaming you know what.... buy the dips sell for 15%.. recycling at its finest.
To those of you who attempted contact with Jose Colon today... I can tell you from experiance with this company (lots of experiance) Jose Colon would be better suited as a greeter for Wal Mart. He hasnt seen the ball since the kickoff so to speak. His normal response is NO Response when there is bad news. Gandy will only talk to very few people as he feels he is too smart for normal investors..
My personal opinion is on the dividend is PGIE is hiding the fact they have been diluting since the increase in shares. We have a gagged TA and no clarification from PGIE. In the past this is also their way of dealing with the questions concerning clarifications of their supposed "deals and JVs" As I have stated before I dont believe a single word anyone from this company has to say.
To those of us who have been here since feb... Remember the last conference call?? it was a joke.....full of lies that never materialized... Conference calls are harder to verify words and statements due to their nature. Notice once again PGIE has scheduled a CC way beyond Q3 earnings. I would bet a lot of money on a lousy Q3 yet again...... the dividend stock will most likely be restricted. It is the norm for divi stocks.
As usual PGIEs management, legal counsel, trading division, and PR department is a total JOKE. I would imagine their cumalative IQ score to be somewhere around 5......and thats giving them the benefit of the doubt. Thanks for the tax deduction PGIE.... the money I made on other stocks needed a tax break...See you all at .0001
now thats funny.....I needed a laugh. have you looked at their most recent financials?
I have one simple question ....HOW is PGIE paying for this aqusition? no money ....in the news release it said undisclosed amount of money?? Yet they claim they are being transparant?? WHERE IS PGIE GETTING MONEY?? The oil field may be proven in the past but it is not claimed as currently producing oil.... Sorry for my disbelief but I have my guard up high for this company. I dont see this as revenue until I see how PGIE paid for this and the oil wells are actually pumping oil. THEN AND ONLY THEN IT IS REVENUE...POSSIBLY REVENUE WITHOUT PROFIT??
if we take board members here at their word and claims.. I personally talked to 1 member here who has 40 million shares... another member claims to have purchased 19 million shares 2 days ago.... I hold a little over 2 million shares.... several here claim to be buying yet the stock isnt moving. A gagged TA with 2 billion authorized?? Looks like more dilution to me... Gandy has lied in the past about not diluting......I suspect they are doing it again.....Gandy has slick wording in claiming insiders shares are restricted...however I found 15 million shares added to the OS the last time he claimed no dilution.......and 2 days later this board found the jump in A/S to 2 billion. PGIE kept everyone in the dark until they were exposed by board members here. WE NEED THE TA UN GAGGED. I have called the TA and was told to ask PGIE. I dont trust anything PGIE says. Too many past lies from them and too much finger pointing at this board for their lousy PPS.
I have a question.... Anyone with any trading knowlage knows it is ridiculously expensive to short a sub penny....The amount of money required for shorting in an individual account is so high I am sure that most people never even attempt this. Why is it every time a stock crashes people claim shorting? I use a program which shows short sales....I have yet to see it show this stock was shorted? I understand MMs can get away with this somewhat due to the nature of how their level 3 platforms work.......is the claim here that MMs are doing all the shorting??? if so I believe this to be almost impossible. This stock simply crashed because it has no revenues to speak of.....nothing to document revenues are actually going to be reported in Q3....
"We would like to announce we have received a major purchase order for 50 drilling rigs from Intertorco Europe S.A. to be used in the oil fields blocks they own in Sudan. The drilling rigs will be purchased from PGI Manufacturing & Engineering. We are in the processing of pricing out the order with our designer and fabricator BGI Contractors today. This represents a significant milestone for us in our drilling rigs construction business. This order represents in excess of $800mil. purchase order."
looking at this PR closely....they have a purchase order...but they are pricing it out......yet they know the end amount of the purchase order??? anyone care to explain?? How can the buyer know how much the drilling rigs will cost if PGIE hasnt come up with a price???
I believe we were suggesting that to PGIE management over a month ago. The answer we heard was "we (pgie) are considering it". Seems they use that same line quite a bit. I highly doubt they will do any kind of a stock buyback after doubling the shares. Its too bad this companys management are so poorly equiped to actually do business. I did find out one reason why the PPS went crazy last week. A seperate web site put out a buy at the .007 range with a sell in the .0085 range, obviously day traders for a quick profit. But this does not explain why we broke .004 again. Seems to me PGIEs management doesnt care who they do business with. Their association with people who have shady backgrounds in fraud claims is damaging their allready poor reputation. Congrats to nodummy our original mod on his DD. I know for a fact PGIE reads at least some of this board... I also know they have refused to talk to me in any form of emails. Gandys reputation is fast becoming more and more tarnished. McZeals lawyer skills are terrible IMO... Not many believe in this company is why PGIE posts the contracts on their web site. I have decided to let this play out until December. If it tanks more is only a write off for me. If by some miracle PGIE actually has real revenue then I will post a profit here. Either way no more of my money will go into this until they actually show real PROOF
I am curious as to why PGIE would have 20 employees. I know it is a weak statement here. But is the biggest reason I keep this stock. If you recall my posts I have been very outspoken on McZeal who, for a while at least, could not seem to close even one contract. Grandma had a saying that proves out to be true most of the time. Birds of a feather flock together. Several fradulent statements by them since the begining ....now some of the JVs have been verfied through DD on this board and also by own DD. I wonder if Mczeal and Gandy are really that stupid? Or is it they are too arrogant to think what they do matters? This is the most perplexing company I have come across. We all see their traders are terrible so they added a new one. I am not sure what to think about this. We are given everything except the main things which are important to stock holders......No S1 ...No revenues really to speak of.....the lowest listing on the pink sheets.....so they dont have to file 8Ks.... and the most important..Where are they getting money to FUND all these JVs. In case no one has noticed ......banks are wary of loaning money on anything with our current economy.
they started posting contract copies due to this board and many investors calling the company about transparancy issues. PGIE listened and began posting everything
that is misleading in your post. that form was filed with TSAS...(the old shell) TSAS is became PGIE in feburary
I have been here long since day one. I know this stock and the company players pretty well from all the DD I have done here. PGIE has had some bumps in the road since their inception. We have a truely rare "pinkie" here. I see this stock going to at least .015 very soon. Today being a down day ...flippers took advantage. I own a few million shares and bought more today. On that note.....I put in an order today to buy at .0057 when the stock was sitting at .0055. The MMs took a little over 30 minutes to fill ANY of the order. ( I watch this like a hawk when I am buying or selling) In my opinion the MMS took advantage of the whole market dropping today to do a "walk down" of the PPS so they could pick up shares. I will be buying more tomorrow at the open. buy on panic sell on frenzy. tomorrow will go back to .0065 range I believe easily.
I would assume you are aware 8k s are not required for PGIE. Have you done any DD other than read the latest financials? I have not supported PGIE in the past because I saw through the lack of follow through with the companys new beginings. HOWEVER.......I THINK WE HAVE A NEW DAY AND A NEW BEGINING HERE. PGIE has made its mistakes. However it appears to me they are now listening to shareholders and have learned from their past mistakes. I have been right on the money with this from day one...looking at this now I think we will have profit takers and bumps in the road....pps should easily hit .01 next week...
Normally I but heads with a few in here on this stock. I always speak the truth as I see it. PGIE looks to have made a turnaround finally. The JV with SEXT (a sub of bectals) not being on Bectals website as RJS posted would be normal. Becthal is one of the largest contractors in the world. I have had the opportunity to work for them in the past. They have MANY MANY subs working on their projects ...I would see no reason for them to even care who the sub was as long as they are competant. As far as the dude posting the information on PGIES financials ... us longs who have been here since day one know all about those. However after multiple chastising by this board and myself directly to PGIE manangement ....it appears they are listening to their shareholders for a change. I think they have come to realize without us shareholders they are doomed to forever pinkies. I didnt watch the action friday as I am trying to keep the wife happy and stay off the computer. I would like to see our mod No Dummy post his take on the recent developments. The same guy who keeps complaining about an 8K ,,,, it is not required for this company and its reporting status..... It is obvious to me he has shorted the stock and now wants it to drop in PPS. I am still holding my breath here wondering if PGIE is going to dump their shares here or as we move up. Lack of trust is still high in my opinion. Lets all hope they keep up the good work
FIRST OFF I NEVER BASHED THIS STOCK. I have repeatedly called out the past lies in the PRs. I have been here long from day one. Currently am in St Louis Missouri I stopped by the one of the ten largest oil refineries located in Wood River Illinois. They refine currently 300000 bbls per day and are upgrading the coker units to 355000 per day as soon as the construction on this unit is finished in october. I state this because according to the people I talked to today in Wood River refinery.. They only make 1 dollar a bbl on the refining process. (if you can believe a PR man) So people claiming PGIE will make this kind of money with no investment is ludicris. To those of you who like to bash me personally. Try resding ALL the DD I have done on this stock. You will see many people who are long totally disgusted with PGIE. I hope this is the begining of a turn around for them. My wife says I can only be on the computer 1 hour tonight. So this is my only post.
I got sucked in at its inception. Watched the stock fall almost daily since its begining. over 7 grand in losses so far and PGIE wont answer so much as an email from me. They have made references to my emails both in their PRS and on their website and on face book. Im a large bagholder and am on vacation... will use PGIE as an offset to profit made from other stocks... This company and its stock is crap
read the PR closely for your answer. then compare it to the first pr about 650 million ect..... that never happened. Then read old posts from old bagholders who bought this at a penny..... wakabayshi group who are known crooks.....2 proven fake companies first listed on their website and since removed when this board pointed it out. PGIE I will say again.....is run by the 3 stooges
Hello fellow bagholders~!! vacation is great. I see PGIE is still in the dumps and hit what I predicted from a month ago. Anyone else notice the new people show up on this board as soon as the "market awareness campaign" started?
Also I see the latest news PR drove up the PPS long enough so PGIE could dump 50 or 60 million shares to pay the bills as they are broke..
One note here.....Joe I had a thought and a question for you. How is it that Gandy only talks to you. I am a share holder and had several direct questions which I emailed him and he refuses to answer me. Now with this obvious dilution going on people actually believe PGIE is going to be honest?? I have been right on this stock almost 100 percent of the time.
For all you newbies trying to post misdirectonal information with PGIES supposed deals.....it is PGIE who has failed on every point to follow through with anything and everything. The only thing they have delivered on is falling pps and lying PRS.....and then SUPRISE....we just made the AS 2 billion so we could pay the rent on our fancy office. Sorry share holders....we screwed you again.
Background. Business owner for many years. MANY YEARS. You should really do some research on this company before you post bogus information about them. They never did a reverse split. They filed at 8K and in that filing was a planned FOWARD SPLIT.
The issue with the 800 mil plus shares I had posted was after the CEO claimed no shares were sold into the float. according to the numbers after the CEO claimed they did not sell shares that number went up. Hence I called the CEO a liar.
Your continued support on this is admirable. I do not call you names such as numnuts or an idiot or anything else. I do not appreciate your name calling. I have not complained to Ihub about your continued attacks because you do have a small amount of intelligence.
I am flying out of country today for a while today. I will be going to houston at some point on my extended vacation to check out this company through several sources.
Your postings about other companies starting on pink sheets is very true. I have only been upset with PGIE for their deciet. It would have been much better for all shareholders if they had kept the lies out of the PRs. 650 million claims when they show they can barely pay the bills each month on the financial statement for Q2.
Being a business owner I am well aware of start up costs. No growth can kill a company. Bad customer relations and lying management can kill a company. I was never a public traded company however...In my personal experiance I dont think lying helps any company.
I wish you and everyone else in this stock to make money. I still am in it also. I dont claim to be an expert in the stock market. If I was I never would have bought this stock at the higher pps values it has been. I am however pretty good at reading people and their intent. I do not feel this stock is a planned scam as others have posted. I do feel this company needs to stop with the lying PRs. They do not add to their credibility.
Finally ..PGIE does not care if anyone leaves the stock. They seem to be trying to build a company here. The companies you listed who started in pinkie land are all reputable companies who delivered on the business plan. PGIE has not yet at this point purchased anything of what they stated (quote from the website}
"The company will acquire oil and gas, refinery, pipeline and other synergistic assets. The company only acquires proven producing, and income producing assets..."
From the financials I dont see this happening any time soon. From their track record I dont see it happening either.
cant even get 3 D view on that area .........dirt road.... obviously that isnt the business addy
Ok question here. I put the addy for J & L into google earth to look at the business. It comes up as residential property. A one man show is going to build a power plant? not likely. Even small Power plants take 1000 men. There is no way from what I found this is going to happen with J & L unless they have actual offices in Nigeria we cannot see. Would like to see PGIE elaborate more and show better proof than one mans house
The wording of that PR is a bit overblown. They are funding one of the Sub contractors from what I see. I am really confused how this JV will work. J & L only being a sub and shareing 50% with PGIE. I would take a best guess here that J&Ls portion of the work is only somewhere under 10 million for that project. Standard rates of profit margin for the construction industry are around 30%.....Leaves about 3 mil profit to split. This is only a best guess number. I see no numbers either way to verfiy
Looks to me like the CEO has gone on a dump fest....Guess I figured out why the CEO makes money on everything. Phoney PR and then steal investors money on the dump. Hopefully the SEC puts him in jail
Looking at the positive side on this. We got an admission from the company a few days ago about where the company has been and also where they hope to go. If this was a true attempt to come clean with the shareholders about how the company made its mistakes and is now doing something to rectify those problems, then we have gained something. I do see them posting the JVs on the website, that is good. As amship pointed out they need to have more clear financials. I dont think anyone here expected Q2 to be huge. It appears they are reading this board and actually listening to the shareholders complaints at a small level. If they continue listening to us much more confidence can be built. Gandy needs to stop blaming Day Traders and what he called inherited shareholders. The old Shareholders were mostly holding bags from the Chicken pluckers company. Many of them exited the stock on the first day when it hit 55 cents and on the way up to that hod. I saw posts here of people happy to get out of their bag. PGIE stock price is about exactly where it should be with the financials it has shown. Now with good continued Transparancy they can rebuild investor confidance if they choose to do so. Even one contract of the D2 will send the pps up by day traders. To consistantly gain pps, the value of the deal needs to be verified. So when the day traders take their profits, long term investors can and will stay. No one wants to see a pinkie promoting phoney PRs claiming JVs with foriegn companys. Even if they are true. They only throw up a red flag. Better to keep that garbage out of the entire PR department. Market awareness is a must. Lets hope they start this.
I will agree and sign any petition. There are enough lies in the PRs that can prove PGIE intended to defraud its shareholders in my opinion. As I stated earlier I am leaving the US for 2 weeks then will be traveling on a long deserved vacation. I will check here to see what everyone else has come up with. The SEC should know about this.
From the PR dated 6/21/2011. Now remember something here only 8 business days left in the whole quarter.
"We are still expecting to post earnings from the sale of gas oil products and crude. Only two of our divisions are generating modest revenues. Those divisions are our commodities trading division and our transportation logistics division."
and also from the same press release
"The company only disseminates accurate and truthful press releases based upon signed and executed agreements."
He did claim modest revenues.. not modest profits. 8 days left and he still put that in a press release. Which as we know now was not true.
just remembered something in the PR about hiring another commodities trader. not sure who posted it but the claim was something like this. ....THEY DONT HIRE MORE PEOPLE WHEN THEY ARE LOSING MONEY... Looks to me like they hired the new guy because the traders they had were losing their shirts..
yes and I called Colon on that issue and ask him bluntly WHY. His answer was something along the lines of needing more avenues for expansion. I even referred to the Twitter of Kendalls on that issue. Sure looks now like they are only playing middle man in the trucking industry. Take one look at how many failed trucking companys there are and we can see how well this will work. Trying to remember the ticker symbol for the one that got delisted and almost went bankrupt. They are trading for about a buck a share last time I looked
My best guess for this company and its stock for next week and beyond. With no marketing program this thing is completely dead. It will head to .0001 with no news. Even with PRs from the company about more JVs ....I think it will pretty much stay where it is at....or drop to .0015. No one believes anything Gandy puts out. McZeal has shown us absolutely nothing on putting together contracts...Counting on him to do anything at this point is pretty much worthless. If they are diluting (it looks like to me)the money from the sale of stock should keep them from having the issue with the trucking line of credit. It should also save interest from that area.
With no one believing the hyped up lies anymore now the company has to actually show profit. They will have to actually show contracts that are actually executed. Im sure some day traders will jump in here and there to gain some excitement.. but no real value until these clowns do what they set out to do.
.10 is possible if they actually put together a few of the contracts to complete the sale of D2.... Maybe McZeal should hire a real attorney to do those. I can google a few for him to help out.
Personally I would fire the entire commodities trading division and hire anyone who wasnt dumb enough to invest in this stock. Because we were all duped....at least at this point. Hire some investors here from IHUB... Least some of them make money.
See if they can get a refund on some of that ridiculous priced office furniture and put a couple of 400 dollar recliners in. Would more than make up for the Commodities traders losses.
Gandy needs to go to arrogance restructuring school (4 thugs on a dark knight works sometimes) He also needs to actually return phone calls and emails to shareholders concerned with the money lost in the investments. I am one shareholder Gandy has never replied to. After seeing the financials I see why he didnt. My speculative email hit the issues right on the head. He couldnt respond to it.
Q 3 is only 3 months away.
(all posts have humor imbedded in them. Do not take everything literal. do not try this at home. I am a trained semi almost professional)
might be.... one tractor trailer rig used?? how many would that make for that number ??? maybe 8?? Im not versed in that area at all
while I have never met Joe in person. I have talked to him several times on the phone. In my opinion and listening very closely to him, I believe Joe belives in this company. I know he has talked to several people at PGIE on the phone. He has referred to it in his postings here. He has also told me he has spoken directly with Gandy. I think Gandy gave Joe the royal screw job. Gandy is to blame for most of this. He is in my opinion nothing more than an arrogant banker who thinks hes smarter than most. I do stand behind Joe and his ideas...even if I dont believe in the 3 stooges of this company
Joe I feel sorry for you. I look at the red here and I am sick of this....you have to be really down from believing in them. Kind of makes sense to me now why they never started the marketing campaign. would have been money thrown out the window with these financials. This is heading down more next week.....I wont be around to see it so I will just have to ignore it....
The sort of sweet revenge here is their own traders LOST 10 grand in the quarter. Thats not counting the 40 grand they spent on computers...which everyone knows have a life expectancy of about 2 years..... 40k / 24 months = 1666.66 x 3 months for the quarter is another 5k loss in reality. I dont see that on the depreciation allowances. SOMEONE SHOULD HAVE TOLD THE TRADING DIVISION TO STAY AWAY FROM PGIE. LMAO. I think google went up big time today... Hey at least put your money in Mc Donalds....that stock seems to allways rise.....plus a lot of traders will be eating there after investing in this company