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yeah, i know. just being hopeful. even at .03, its a steal imo!
actully hoping it dips down one last time.
ok thanks! just wanted to know your position. i agree with you.
so what are you saying? pgi's buying worthless wells and printing false info?
not calling you out, just trying to clarify the meaning of your post.
PGI Energy SEC Filings.
click here:
http://www.facebook.com/pages/PGI-Energy-PGIE-/186748414695518?sk=app_4949752878
re: website here's a quote from pgi enery's letter to shareholders issued last week.
already bought a bunch down below 2 cents.
its going to take some time to audit tensas books and prepare the SEC registration paper work in order to become a fully reporting company, so we should probably expect a few more dips in the pps.
but i beleive the news coming is going to really give this thing some pop. now is the time to buy!!
:)) love it.
requirements to be listed on the otcbb
http://www.venturelawcorp.com/listing_requirements_OTCBB.htm
yes, i have! and they are very eager for investors to call for info about pgi energy.
how could pgi energy possibly go directly to the otc?
they just purchased a company ( tensas inc ) that has been sitting idly since 2004 and therefore must file the proper paper work in order to be recognized by the SEC as a fully reporting compnay listed on the otcbb.
once again, if you read the posts and filings on the facebook page or on the otc pink website, you would know this.
It's been less than 3 weeks since pgi's management took over. why dont you give them a chance to move forward.
now is the time to buy, because this company will not continue to sell at this pps.
So you're saying the new CEO of this company is a fraud? You do know that he's a managing partner and attorney in Houston TX?
Of course the company is a PINK. The former company had no business plan or operational business since 2004.
PGI Energy simply bought this company out to fast track taking their company ( PGI Energy ) public and to satisfy the requirements in order to close the $100M in financing they just recently received
They are currently working on financials and an S-1 filing to become a fully reporting company. If you took the time to read through the facebook posts, you might learn more about this new companyy and its direction.
In my opinion, you could not be more further from the truth!
Marcellous McZeal- CEO & Corporate Counsel PGI Energy;
2000-2010 Managing partner in the law firm of Grealish & McZeal LLP in Houston, Texas. Oil and Gas litigation, prepare and examine contracts involving leases, licenses, purchases, sales, and insurance. Southwestern University, Georgetown, Texas B.A. Degree, May 1991, Finance and Business Major. South Texas College of Law, Houston, Texas, Doctor of Jurisprudence Degree, May 1995 Admitted to Texas Bar; U.S. Court of Appeals for the Fifth Circuit, U.S. District Court for the Western Districts of Texas and Southern District of Texas.
Now is the time to buy. This company with its new owners and business plan is going nowhere, but UP!
Get news, filings and PR updates here:
http://www.facebook.com/?ref=home#!/pages/PGI-Energy-PGIE-Shareholders-Group/186748414695518
More info about the history of this company and new direction
The Company was incorporated as OSF Financial Services, Inc in the State of Delaware on July 24, 2003, for the purpose of , mortgage banking providing residential loans in the State of Texas.
Previous management, however, was unable to successfully maintain operation of the business, and as a consequence, they changed the company name to Tensas, Inc and had no business operations from 2004-2011. In Fall 2010, they began to seek out a partner in which to merge and engage in an alternative business plan.
On January 31, 2011, they entered into an Agreement to Sell the Majority Shares held with a buyers group and rename the Company PGI Energy, Inc., for the purpose of establishing 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.
PGI Energy's management has only been involved with this company since Feb 15, 2011. They are currently working on financials and an S-1 SEC filing in order to become a fully reporting company.
dont agree with you. that was tensas inc. this company was bought out and now has new management and direction.
Here's letter to shareholders released on Friday. This might explain more about the website and future. You have to take into consideration that although this company has been around for years as Tensas Inc, it has brand new management and a new business plan.
HOUSTON, Mar 04, 2011 (BUSINESS WIRE) -- PGI Energy, Inc. (Pink Sheets:PGIE):
Letter from Marcellous McZeal, CEO
Dear Shareholders
I know you as our shareholders have experienced a turbulent ride during the market volatility of our stock. We have fielded many calls from shareholders regarding market pricing of our shares. We too are very concerned about the aggressive sell offs and short selling of our stock into the market. Our management team in acquiring the majority interest of the former Tensas, Inc saw this as a great opportunity to build a really great public energy company during a time when energy companies are thriving. There have been many comments and rumors in the blogs that insiders were selling off stock. Let me put to rest this rumor as no employees or officers of this company hold free-trading shares. All of our shares are restricted as controlled shares. We are committed to building this company through acquisition of oil and gas assets in hopes of building real value for our shareholders over time. We have not done a very effective job of communicating our vision to our newly inherited shareholders. We are taking corrective measures by hiring an IR firm Wakabayshi to get out the message to shareholders. We have subscribed to OTCMarkets.Com for reporting financials and to lower cost of press releases to create a high level of transparency. We have hired the accounting firm of McConnell Jones as our auditors to audit the records of Tensas for the past two years, and we are preparing interim financials based upon funds we have brought to the company and assets under management through acquisitions. We are shareholders too with a deep commitment to the growth of this company and its future. We know our website is in need of a drastic makeover as it was developed internally as a quick tool to provide information to shareholders in the interim while a new website is constructed. We have hired a web master to build a professional website that will be informative to shareholders. Lastly we have hired SEC counsel to prepare and file an S-1 filing to enable us to become a fully reporting company. It is our desire to move the company from the pink sheets upward, but that too is a process starting with SEC filings, review, approval, and working with market makers. We are on the road to redemption and we hope to earn the trust and respect of our shareholders that we will act in your best interest to build a strong vibrant company you will be proud to own adding both growth and value!
the company ( tensas inc )used to be in the food service industry. it was a failed compnay sitting dormant for many years. its now under new management.
pgi energy recently bought out tensas co and change the name to pgi energy and have a new business plan. they are now operating in the oil and mining industry.
now that they are a public company, the $100M financing deal was recently approved and closed, which should create growth at a rapid pace.
go here to view a recently filed 8-K/A SEC filing which should explain more: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7722236 |(h ttp://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7722236)
you can also get notification of all filings and company events here: http://www.facebook.com/pages/PGI-Energy-PGIE-Shareholders-Group/186748414695518?sk=wall (h ttp://www.facebook.com/pages/PGI-Energy-PGIE-Shareholders-Group/186748414695518?sk=wall
New facebook shareholders group page for PGI Energy
http://www.facebook.com/pages/PGI-Energy-PGIE-Shareholders-Group/186748414695518?sk=wall
slap it on up to a buck
wow...worst volume in over year.
are they a fully reporting company. if not, there wont be any filings