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Transfer Agent
Registrar and Transfer Co.
10 Commerce Dr.
Cranford, NJ 07016-1010
Maybe they know something?
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=pgcr
float = 120M
O/S + 368M
The Company and partners plan to secure 30% clean energy government capital grant and loan guarantees to finance 100% of the project construction costs
From yesterday
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If we cannot generate sufficient capital to continue operations, we will suspend or cease operations. If we cease operations, we do not know what we will do and we do not have any plans to do anything else. If this occurs, you will lose all of your investment.
Limited operating history; need for additional capital
There is no historical financial information about us upon which to base an evaluation of our performance. We are in start-up stage operations and have not generated any revenues. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the oil and gas exploration business, including political risks associated with the Arctic Claim, limited ice-capable exploration equipment resources available for hire or purchase, market price variations for oil and gas, limited capital resources and possible cost overruns due to price and cost increases in services and products.
We have no assurance that future oil and gas exploration-development financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations. Equity financing could result in additional dilution to existing shareholders.
As of today.
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2 different comments
i am not in. I was planning on but when i saw that 10K, i seriously have my doubts!
And why are you losing 40%? Because of the good news? I know you gained 750% yesterday and it may be normal people selling with a huge gain but still?? 2 B is a lot of money and there is a small float. Still, i have my doubts. But wishing you all the luck !
Beerput !! Be careful here !! Did you read the 10K? Not looking very promising !!
Ik wou kopen maar als ik dit las?? Wees voorzichtig hier !
And this sentence : very promising !!
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If we cannot generate sufficient capital to continue operations, we will suspend or cease operations. If we cease operations, we do not know what we will do and we do not have any plans to do anything else. If this occurs, you will lose all of your investment.
In fact i newer saw a more awfull 10K than this one. Looks like it is written by a 10 year old. I was planning to buy but when i red this paragraph, i decided not to.
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Our auditors have not issued a going concern opinion. This means that our auditors believe there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills. This is because we have not purchased a significant number of contracts or generated any revenues from the development.
We cannot guarantee that we will stay in business. We will either have to suspend operations until we raise additional cash, or cease operations entirely.
We do not have sufficient cash to satisfy our cash requirements during the next twelve months. We will not be conducting any product research or development. We intend to hire additional employees on an as needed basis.
We intend to accomplish the foregoing through the following milestones:
1) We will raise additional working capital via share issues and-or borrowings .
2) We will conduct geological studies and prepare geological reports on the Arctic Claims.
3) We will pursue legal efforts to perfect our claim on the Arctic Ocean Commons hydrocarbons resources.
4) We will pursue potential strategic major independent oil company partners in each of the five countries facing the Arctic Ocean Commons.
If we cannot generate sufficient capital to continue operations, we will suspend or cease operations. If we cease operations, we do not know what we will do and we do not have any plans to do anything else. If this occurs, you will lose all of your investment.
Limited operating history; need for additional capital
There is no historical financial information about us upon which to base an evaluation of our performance. We are in start-up stage operations and have not generated any revenues. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the oil and gas exploration business, including political risks associated with the Arctic Claim, limited ice-capable exploration equipment resources available for hire or purchase, market price variations for oil and gas, limited capital resources and possible cost overruns due to price and cost increases in services and products.
We have no assurance that future oil and gas exploration-development financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations. Equity financing could result in additional dilution to existing shareholders
Good Luck !!
Hmmm....i saw it too. Don't know why? Children's playground maybe??? Lol :)
I hope this happens with us one day...
Translation for Beerput:
Ik hoop dat dit ook op een dag met SOFN gebeurt ...
i am not a US citizen. I live in Belgium.
I visited Californie last year and it is a very nice place, really !! Also Las Vegas is worth seeing once in your life!
Cheers
Idem dito my friend !! And that is language everybody understands...
Hi Beerput, how are you today?
Sorry, but we have to talk in english because i got a warning !?
I hope we get some news from SOFN because i am getting unpatient after waiting some months for news now.
So, i take my dictionnairy...
Hey Beerput,
Ik heb een waarschuwing gekregen omdat we in het nederlands praten. Tja, soms kunnen ze hier wel een beetje belachelijk doen.
Hopelijk nieuws van SOFN want ik begin ongeduldig te worden, zit hier al een paar maand te wachten op actie.
Good luck or veel succes !!
Well, that is an update from 9/25/2009 and Jim Booth is mentioned as chairman, i thought he left SOFN ??
Hey..these are a few post i want to let everybody know..isn't that the purpose of a MB ??
But "ownership - privately held" ????
SOFN is a public co !
Pfff...lot of questions here !!
I did a quick research on the adress and all computer repair in that area. So that could match.
http://businessfinder.nj.com/NJ-South-Plainfield/Computer-and-Internet?s=Firewood
Dat denk ik ook !
Good luck to you too !!!
Yesterday i wrote an email to Avanade in The Netherlands.
So far no answer on my question why they are at the Softnet website !? Makes me think there is something in the make we don't know about. Otherwise, they would have taken care of that.
I hope i receive something but i doubt it. Think a PR is on its way out!? IMO of course.
GL
you are right !! All of the sudden "It's not a scam" but meanwhile a lot of people sold!! Sad, sad ... people like that, they only think at their own profit, no matter what !
I just wrote an email to their office in the Netherlands, wich is the headoffice i believe and i am Belgian. I suppose to have an answer in the morning because it is now 20.22 PM in Europe.
GL
That's the one i meant.
What i wanted to say with that message is that Avanade is exploring.
GL
If SOFN not release news, maybe AVANADE does in the short term?!
Did you all saw the latest news of Avanade?
http://www.avanade.com/_uploaded/pdf/pressrelease/avanadeinfocusfinal836025.pdf
Good luck all !!!
So you mean a buyout? How much would SOFN be worth in a buyout? I have more or less 10c in my mind or am i dreaming too much?
GL
http://www.softnettechnology.com/index.html
new website but still no news from the company??
i hope you are right brich !! Anyway, your DD was good, it kept me waiting on tof days !
GL
Hi, can someone tell me what is going on between Avanade and Softnet?
Waiting for months now and beginning to lose patience :)
THX
If that is true? What are you guys thinking of PPS in the near future? Because, this would be very huge !!
What does the order of 5 shares mean???
Unbelievable unreal .... but i like it :)
I think so, look at the volume !! Huge !!
GL
Maybe we see 1 with more news on the sales?!
MM pull it down !! That's all !!
Looks like we are gonna fly ?!
This is the post split pps because its trading with the new ticker ATNP on Level 2
GL
I already have my shares ( living in Belgium ) and for each share a got 9 more. So, just the amount of shares X 10 .
I can not sell them. But....i have a feeling there will be news between now and couple of days wich will be good, why else the F/S ?! .... of course IMO
GL All
Received an email from the SEC. They are going to investigate it.
GL