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IDGI! It's brewing.
SLMU - Merger is coming and it's dirt cheap right now. This thing could blow. Good looking chart too over the last two weeks. Also watch NEOM, at a 52 week low.
My guess is they will. A lot of people will get on now because of the 52 week low. I think it's bottomed out. Looking at it right now, we could see a return of .1 - .15 today. Most of the sellers are gone now.
SLMU, Merger looming, this one could blow up, and it's been very steady. NEOM, Buy low, sell high.. 52 week low alert. Also, put SIRCQ on your watch list. I think if the volume falls it's going to blow.
SIRCQ is the next GWAY and TSAS. When the volume falls you will be chasing. It's still cheap right now. Get it while you can.
I think 18 is the support zone, you may see 17 but it will hover around 18.
I agree this stock will move again, and these nay Sayers will vanish. I think .18 is supported very nice, and I don't think we will see a drop below that until the split. I don't know about a dollar, but I believe this things could be back around 40-45 by Friday close.
Sick isn't it. Half the volume was in the last 10 minutes and it was all sells. If i wasn't so deep I would bail. I am hoping that a PR (if one is ever released again before the final collapse) gets it's it respectable enough for me to jump ship. I am tired of the games.
Welcome to the new 52 week low. With a Market cap, I could fund. Horrible and pitiful all in one.
.10 seems like a million years ago. It was last week. This is complete failure. They need to revise their board.
This stock has so much potential and we see glimpses of it once in a while but their silence kills it. I wish I never invested in this crap.
I personally think that .18 is a good entry with tons of support, and a lot of people are waiting the buy down. If it pops they are in a good spot to unload. I got in at .10 so I am ok, but .55 looks great now :) I would love to see that type of turnaround but it seems unlikely with the split coming, but if the splits gets that high, I will be doing very very well! :) If you are going to get out, try to take ask.
I bought another 25k at .065 like 3 weeks ago. So no problem with the gaps for me!
There she blows.. Hope you got in on alert! Day low!
SHMN, keep your eye on this one.
If TSAS gets some volume which the looming news for the 3-1 reverse forward split, it could rocket again. Getting thin at .24 and great bid support with many more buyers than sellers.
I think this is a good step for ssol. I expect huge profit reporting.
There is a chill order on CLDR. So most people can't buy it right now. Most online trading firms has a global lock on it. It has a huge chance to blow once they lift the lock though.
TSAS - If you don't buy today you wouldn't qualify for the 3-1 stock split. If you fill the gaps, this is a nice play.
We, PGI Energy, Inc., formerly known as Tensas, Inc. (the “Company”, “we”, “us” or “our”), are providing the enclosed information statement to you in order to notify you of and provide you with information regarding action taken by stockholders holding more than a majority of our voting power. In particular, such action taken authorized the following:
1.
the adoption of amended and restated articles of incorporation and bylaws, which among other things, include the following changes:
(a)
an increase in the number of shares of common stock authorized for issuance from 255,020,000 to 1,000,000,000;
(b)
a decrease in the par value per share of common stock from $0.001 per share to $0.01 per share;
(c)
the authorization of 20,000,000 shares of undesignated preferred stock class c;
(d)
changing our name to PGI Energy, Inc.
(e)
change from a development stage company to an operating oil and gas company.
2.
affecting a three for one stock split of our outstanding common stock by paying a dividend of two shares of common stock per share of common stock outstanding. The dividend shares will be paid on February 20, 2011 to record shareholders directly by our transfer agent Pacific Stock Transfer.
The foregoing actions were approved by written consent in lieu of a meeting of the Company’s stockholders holding more than a majority the voting power necessary to approve such actions and by our Board of Directors (the “Board of Directors”) on February 02, 2011.
I TOLD YOU THIS MORNING~!!! I hope some of you listed at .15 TSAS News just broke.
Tensas, Inc. Announces New Business Plan and Management
5 minutes ago - BIZ via Comtex
BusinessWire
On January 31, 2011, we entered into an Agreement and sold the Majority Shares we held (the "Share Purchase Agreement") to a buyers group and re-named 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. The company will only acquire proven producing, and income producing assets. We have hired McConnell & Jones LLP as our auditor to disseminate financial information to our investors about the company.
We, PGI Energy, Inc., formerly known as Tensas, Inc. (the "Company", "we", "us" or "our"), are providing you with information regarding action taken by stockholders holding more than a majority of our voting power. In particular, such action taken authorized the following:
changing our name to PGI Energy, Inc. change from a development stage company to a operating oil and gas company. affecting a three for one forward stock split of our outstanding common stock by paying a dividend of two shares of common stock per share of common stock outstanding.
What does the stock split mean to you as an existing stockholder? You will receive an additional 2 shares for every 1 share you own on the declared delivery date of February 20, 2011 at the last known address recorded by our transfer agent.
The buyers group consisting of a majority shareholders proceeded to elect the following directors and appointment of officers on February 02, 2011:
DIRECTORS AND EXECUTIVE OFFICERS
Our directors and executive officers are as follows:
Age --- Marcellous S. McZeal 40 Chief Executive Officer, and Chairman of the Board of Directors Carl A. Robinson 49 President and Director Chad Slater 34 Vice-President and Director Lionel Johnson 55 Chief Financial Officer and Director Arael Doolittle 45 Chief Operating Officer and Director Roger Smith 61 Director Yvonne Hardy 55 Director
Marcellous McZeal-2010 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, insurance; Provides legal advice to oil and gas organization, prepares resolutions and forms, and participates in major legal actions; responsible for foreseeing and protecting the company against legal risks -- 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.
Carl Allen Robinson-2010 President PGI Energy; 2004-2010 Vice president MJLM Wealth Solutions - manager and developer for wealth development, wealth protection, and wealth transfer of firms clients. 1997-2004 Financial Consultant AXA Financial Advisors administered employer-employee benefits, estate planning, tax advantage investments, retirement planning and insurance. Maintains a securities license and life insurance license. University of Texas at Austin B.S. in Communications, 1983.
Chad Slater-2010 Senior Vice-President PGI Energy; Ten years industry experience with a proven track record managing and engineering high voltage projects and overseeing construction of electrical designs. Bachelor of Science in Electrical Engineering December Prairie View A&M University Prairie View, TX 1999. Electrical Engineer BP Texas City Refinery, Texas City, Texas, Electrical Services and Power Distribution, February 2009 -- Present; I & E Maintenance Engineer -- BP Texas City Refinery, Texas City, Texas Maintenance, Reliability and Contract Services, November 2007 -- February 2009; Electrical Engineer, Project Manager -- Center Point Energy, Houston, Texas Major Underground Engineering, January 2004 -- January 2007; Graduate Engineer III -- City of Houston, Houston, TX Bureau of Air Quality Control, March 2003 -- January 2004; DSP Product Engineer -- Texas Instruments, Inc., Stafford, Texas Digital Signal Processing, September 2000 -- January 2003; National Institute of Technology (Everest), Houston, TX Instructor, November 2003 -- June 2004; associate nuclear engineer.... TXU steam station Comanche peak.... 1999-2000
Arael Doolittle-2010 Chief Operating Officer PGI Energy; 2006-Present Pinnacle Title Company owner/vice-president Develop and implement policies and procedures indicated by the Texas Department of Insurance. Close loans and disburse loans. Responsible for the productivity and budgetary performance of the operations department. Review title documents, easements and mitigate any open issues. Act as liaison between customers and Title Company. University of Illinois, B.A. Liberal Arts & Communications 1988.
Lionel Johnson-2010 Chief Financial Officer PGI Energy; 2008-2010 Senior Contract Compliance Officer City of Houston; 2007-2008 Toloje Group as management consultant; 1994-2006 BSCI, Inc. Houston, TX Operations Manager; 1990-1994 Unity National Bank as Vice President/Compliance Officer; 1987-1990 State of Texas Department of Banking, Austin, TX as Bank Examiner. University of Texas, Austin, TX. B.S. degree, and Rice University Executive Education Program (Operational Analysis).
Roger Smith as a board member. Roger Smith has over 30 years drilling, completion, work over and production experience with a B.A. in Mechanical Engineering. Mr. Smith is the CEO of The Sanday Corporation and is an advisor to Petrohawk and K&M Technology Group. He has provided consulting review for the acquisition targets of PGI Energy, and is an invaluable resource to the board.
Yvonne Hardy as a board member. Yvonne Hardy, former president of Tensas, Inc. She is a graduate of the University of Wisconsin and has completed numerous courses in mortgage banking and real estate law.
For more information visit: WWW.PGIEnergy.us or Email: info@pgienergy.us
SOURCE: PGI Energy, Inc.
PGI Energy, Inc. Media Contact & Investor Relations: Robert Gandy, 713-532-5649
TSAS - If you don't get on right now, you are going to hate your self in two hours. Trust me, it's holding and I think by 12 its going to blow up. Trust me.
I think .23 is. It holds. and is going to move. Bluebird, just leave man. You are sour and have no idea wtf you are talking about.
This was going to happen, because of the fear, but i think its over now that the sellers are gone. It has a chance to blow up now.. Honestly.
THIS IS GOING GREAT! Buy the gaps.. we missed the rush, and everything held! buy and hold!
Wow, its getting hit hard already! Green ticks, and a jump is ask to 4x8? WTF is going on.. PR coming?
Yeah it is. The only thing thats going to make this fall today is fear. If people hold, and fill the gaps its going to move. I say if you don't get in early you may be left behind, just like gway. I could have bought it at .14 and didnt, the next day I could have bought at 1.40 and didnt. FILL THE GAPS!!
Yeah I like JUNP, SSOL, SLMU and TSAS to continue picking up steam. BUY THE GAPS!!!
SSOL looks ready to make another run. Also, I like TSAS to pick up steam today because of the word spreading. It still has gas. Buy the gaps. Keep your eyes on SLMU. I think it's going to gain today.
Yes, it could blow up tom. I think if you can buy in around 26-28 you will be in good shape.
Its going to depend on seller vs buyers. I think most of the sellers got out already. If thats true, then it will gap up.
Thats up to you. But remember it can go fast. Yesterday I watched it got from .18 to .24 to .18 to .30 to 55 In like 30 minutes. So be care or you will wait to late. I say a good entry spot is probably going to be around .25-28
No one can tell you that or we would have all bought it Thursday at close, and sold at .55. Then Bought the gaps and held. What I can tell you is.. I don't think this stock is done moving. Could it move to 1.00? Yeah it could, and if news breaks it will I think. You have to remember a few things about these. They can blow fast, and you are playing catch up. I plan on filling the gaps.
I got in at 18 so, I held. I am hopeful early next week will be solid.
I am holding.. I am going down with ship.
TSAS possible to hit a 1.00 today? Jeeez.
SSOL should be on your watch list.. It looks ready to blow.
SSOL should be on your watch list.. It looks ready to blow.
TSAS "Kodiak Capital infuses $100 million into PGI Energy Fund Series 1 2010 following $15 million injection into C$ cMoney
Premium content from Houston Business Journal - by Casey Wooten, Reporter
Date: Sunday, May 9, 2010, 11:00pm CDT - Last Modified: Thursday, May 6, 2010, 3:41pm CDT
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A New York investment firm has made a second foray into the Houston market in less than a month.
Kodiak Capital Group LLC closed a deal on April 23 to invest $100 million in PGI Energy Fund Series 1 2010 Inc., a Houston-based energy fund.
Earlier in April, Kodiak Capital made a $15 million investment in C$ cMoney Inc., a Houston-based cell phone technology start-up company.
PGI Energy will use the $100 million to acquire and manage upstream and midstream oil and gas assets in the United States.
Marcellous McZeal, CEO, says PGI Energy already has contracts for oil and gas refineries in Wyoming and Kentucky, with similar deals in the works across the nation.
Having contracts in place made PGI Energy particularly attractive says Ryan Hodson, managing director at Kodiak Capital.
“For us it’s all about the deal flow, they were able to provide us with 10 different opportunities that they had lined up,” says Hodson.
McZeal says PGI Energy will target revenue-producing assets that have come under financial distress, snapping them up at discount prices.
“One refinery we have our eye on, they received a bridge loan to make some repairs, but the bank ended up taking the property back,” says McZeal. “It was revenue producing and the assets exceeded the value of the loan, so it is a prime target for takeover.”
McZeal, an oil and gas litigator with Houston-based boutique firm McGuire Grealish & McZeal LLP, has come across numerous owners in similar financial situations in his litigation practice.
“I’ve gotten a lot of calls where natural gas producers and oil well owners were heavily leveraged and needed counsel,” he says.
McZeal and other founders set up PGI Energy to take advantage of the current market conditions and go after overly leveraged properties.
“We put together a plan of attack and acquisition,” he says. “Some of these owners have been more than happy to find someone to help them out of their situations. So you examine them, turn them upside down and shake them, then you determine whether or not it makes sense to invest.”
PGI Energy currently operates out of a small Houston office, but McZeal says the firm has plans to lease space or acquire a building near Greenway Plaza or in the Galleria area once more acquisitions close over the next few months.
He says staff at the firm will grow to nearly 40 as PGI Energy takes on people to manage the acquired assets.
PGI Energy has also filed an S-1 application with the U.S. Securities and Exchange Commission to take the company public, but the initial offer has yet to be approved by the federal agency.
Funding teamwork
Kodiak Capital’s early April funding infusion of $15 million into cell phone technology start-up C$ cMoney was instrumental in drawing PGI Energy to the New York firm, according to Hodson.
Houston-based Pythagoras Group arranged financing on the PGI Energy deal, and Robert Gandy, an investment banker with Pythagoras, worked on both transactions (see “Dialing for dollars,” April 9).
The $100 million investment in PGI Energy is the largest so far for Kodiak Capital, which was formed in 2009.
The fledgling firm has given out $250 million to companies in the biotech, defense, energy and communications industries in North America and Australia.
Right now, Hodson sees a ripe market for teamwork among diverse funds such as Kodiak Capital and focused funds such as PGI Energy.
“We’re a special situations fund, as a result we look at all ways to diversify our asset base, and one is to take the funds-of-funds approach,” says Hodson.
He says PGI Energy’s expertise in the oil and gas industries can put Kodiak’s capital to more efficient use than a direct investment in target assets.
Says Hodson: “After finishing our research, the proof was in the pudding. They had already identified their target acquisitions that they were to use our capital to invest in.”
Read more: Kodiak Capital infuses $100 million into PGI Energy Fund Series 1 2010 following $15 million injection into C$ cMoney | Houston Business Journal "
TSAS I warned you at 14 cent!
Getting bid support at .275!