Hey guys, been reading the posts for sometime now. I've had great success with PGIE buying in at .0016 and selling at .0082 I am currently in over 2.2 million shares with an avg. of .0008. After reading the financial business plan they called for the dilution and stock price dropping. To receive their line of credit they are selling off massive amount of shares for the company and they inturn can dilute the stock so they can get their shares cheap and sell back in high... just my opinion its around page 5 or 6 in the business plan. Also they say starting the begininng of november (now) they should be starting the drilling process for oil and will show videos of the drilling and they said that they will recieve 80% of profits until their input of money is paid back to them. After that they will recieve 50%. The numbers are not disclosed. I know they have been wrong about alot but I am holding out until the end of this november on whether I dump and take my losses with this stock. Management is relatively hard to get ahold of, I have talked to Calone numerous times and he isn't the sharpest tool in the shed. When I asked about my divys they said they were in the mail, talked to etrade and the company has not announced a date for them to be paid out, therefor anyone with a brokerage will not recieve them until this date is posted..... I still hold out hope due to the fact that these guys trackrecord before this company was fairly decent in this industry.
I also love the fact that they aren't putting out the PR's on market wire until the promised upfront money/orders are actually in their hand. Whether they were forced to do this or are just doing it makes me hold hope for a little longer...
Heres to the end of november...