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be nice :)))
sec filings are back on the otc website
http://www.otcmarkets.com/stock/PGIE/financials
That is PGI ENERGY FUND I SERIES-2010,INC, not PGIE or the old TSAS
ah. i just stumbled across the page one day and have been trying to promote it. the more people who follow the page, the more who might invest and pass the page on to others.
why that?
yes..not sure who it is.
S-1 coming soon! i can feel it. conf would be pointless without.
wow..who is the jack hole that sells 4k at .01!
a lot of info here, ragi
http://www.facebook.com/pages/PGI-Energy-PGIE-/186748414695518
someone knows something!
maybe the S-1 is coming and they pulled everything down because it all will be in the S-1
PGI Energy SEC filings
http://www.otcmarkets.com/stock/PGIE/financials
PGI Energy has a Yahoo Message Board now
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_P/forumview?bn=52563&vmode=1
be nice to get an S-1 filing before the conf call.
thanks for rubbing it in...move on. plez!
you're right! my bad. not sure what i was thinking? i keep trying to justify why they would give shares away in a forward split. they didn't sell them as in a secondary offering, they gave them away. how does that create cash for pgi? it made things worst by put more shares on the streets.
members of pgi didn't OWN (%) the company!
pgi came to the owners of tensas and said they wanted to purchase a portion of their shares as part of a buyout. however, the purchase of just portion of the shares was simply not enough for pgi to control the company.
so, tensas's management approved the forward split in order to put the new people (pgi energy, a private company)in control.
how does a forward split create volume? and how did pgi cash in?
please explain to me why you believe they did a forward split? what possible objective would they have to do a forward split?
they did it to take gandy and the other NEW members of the management's common shares up to a level of controlling ownership.
i suppose you think they just wanted to put more shares of common stock on the streets and dilute the company?
all shell buy outs are bad, joe. this is the price you pay for doing a reverse merger. it's even worst when the new management has to do a forward split to gain control of the company.
i hope its pgi collecting up all the shares. we haven't seen too much buying over the past few weeks, so that means the mm is holding them, either for themselves or at the direction of pgi's management, who could possibly be trying to buy them back.
you'd have to be a fool not to buy at this level. for $500 you can get 100k shares and possible turn that into $25k or more by years end.
marketing isn't going to start for 5-8 months, AFTER the SEC approves their registration application.
has anyone seen or received an email or pump from wakabayashi? umm? NO!
so why would they sell before the pump?
its not them! sorry. its the shell shareholders selling off. it has been for the past 2 weeks.
this isn't a get rich quick stock pick. it's going to be at least 5-8 months before the SEC approves or denies the S-1 filing. during which time, PGI by law, has to enter into a quiet period.
And, after the SEC approves the S-1, if PGI intends to make any type of secondary public offering of its stock, theres another 40 day quiet period before PGI can release any earnings reports or comment on projects, etc.
i suggest that you move on if you thinking this stock is a get rich quick day trade.
who cares! the husband and wife team are great at what they do. they know how to market companies and bring in investors. AND that's what you want, right! SO, they do deserve a profit, right?
if they choose to sell as the investors come in and collect their fee for services, then so be it. It's not as though they own ALL of the common shares of stock.
not sure why everyone is bugging on waakabayashi?
pgi's main goal should be to get tensas stock off the streets and move forward with pgi energy. one of the worst things about buying a shell is the sell off of the shells stock and that's what we are witnessing right now.
hopefully pgi's management realizes that and starts accumulating that stock being sold off. why? because its valuable to them. its cheap shares which can be converted into working capital and help regain control over the future of the company
and immediately following the RS, it will nose dive right back to pennies. been there, done that!
they don't need to be over a dollar to be on the otcbb. most of that 800M (if that number is correct) is held by insiders who can't sell or face losing control of the company.
the best thing PGI's management could do is to return their shares of stock in exchange for preferred stock. that would still give them control of the company, yet cut down on the common stock and reassure investors that the managements interest is restricted.
and/or they could start buy back the common stock at these low prices and resell to an investor as preferred stock to gain some working capital. which could be very well what they are doing right now. you dont see many buys do you. their market maker ( agent) could be buying and holding as we speak!
look at LOGL. they don't have as much potential as PGIE, but its trading at 1.90
good things coming soon!
sooner or later they will run out of shares to dump. if they are in fact the ones dumping
not if you know what's coming. pgi has a lot of news to release but can not because it would jeopardize their S-1 filing acceptance.
the SEC frowns upon companies who promote and push their stock pps higher at the same time they are registering the shares of stock with the SEC.
disclosing the news early just to satisfy a few investors short term goals isn't worth jeopardizing the SEC approval.
i second this idea. a rs would kill this company.
big mistake, but suit yourself
but certainly they don't believe for one second they can get away with this. maybe years ago, but the sec is on to these penny pumpers now and they all get caught.
the question is? is the money they make, worth more than the fine they will pay once caught. most do not get jail time. just a huge fine and promise to abide by the law in the future.
be pretty dump for pgi's ceo to jeopardizing his career over a penny stock scam. some of the other members of this company also have some good careers not worth losing.
found this in another article.
"Stone had spent much of his professional career working as a trader and broker in Texas"
husband says they did nothing wrong. anyone know what they supposedly did?
PGI is in talks with the owner. the refinery has a lot of issues with subcontractors who didnt get paid by the original owner. the guy who bought the place in bankruptcy couldn't make it work because the subs wouldn't sell oil to him unless he paid them what the original owner owed. they took the oil to marathon instead.
however, the new owner said he made very good money from the oil he did manage to get supplied to him. basically marathon used their power to cut off his oil supply.
pgi aims to end that by changing the name and using their connections to bypass marathon's influence. pgi is currently working on the deal. it's estimated to be worth $60M.
the whole town is relying on this deal to work and pgi would have the local gov and its citizens full support.
hope it works for us and that town, which has had the refinery running for 90 plus years.
wouldn't be surprised if they sneak in the S-1 filing before the conf. call. its supposed to be hush- hush, so that that would be a good time to do it, when investors are waiting for more info during the call.
jmo of course.