I'm in it to win it!
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Nice EOD runup but are they done diluting? We'll see tomorrow or someone twit 50 cent.
Had a nice lil bump from the LOD .11 to .15 with no major buys. Doesn't take much to have this uptick and vice versa.
Good or Bad?
As Ms123 would probably say Shyte happens, lol....BTW ms123 your post was classic!
You might be right, dilution is still strong! I might have to change my bottom price.
Why the recent sell off, did netcapital back out? Anyone talk to the CEO or IR dept?
What a rollercoaster ride. Went from .14 to .115 in minutes. Now at new LOD.
Anyone care to make a guess at the bottom? I say .098. Big time selling continues with little 1k buys hitting the ask continuing the downward spiral. JMO
Got this one on my radar. Looks like the company is still diluting shares. Will buy back on the bounce. Easy 2-3 bagger when it does.
In at $1.30 let the bounce begin!
I was going to jump back in but after looking at all the accumulation at .0046 with no jump in price scares me. PGIE has made many promises and has never lived up to expectations. With there fluff pr's and S-1 debacle the CC may have more bad news. Financing was contingent upon approval of the S-1. If there's no financing what's up with the acquisitions and JV's? A lot of questions and uncertainty that I'm not sure will be answered at the CC.
With that said .0046 is now there base. If this CC doesn't go as planned I'm sure you will see a sell off. If I do buy it will be during the CC if I like what I hear. GLTYA.
There goes the sell off!
Yeah I saw that also and was about to sell but changed my mind cause if they issued shares at .17, I didn't think we would fall much further from there. I was wrong!
2. 8K released last month showed that On December 27, 2010, we entered into an asset assignment agreement with Dr. Joseph Sinkule, wherein Dr. Sinkule has agreed to assign to our company certain therapeutic products licensed from the Public Health Services of the National Institute of Health in Bethesda, Maryland. We have agreed to issue 3,680,000 shares of our common stock at a deemed price of $0.17 per share as remuneration for the license assignment
So far the last play looks horrible. A lot of folks that bought when the email hit were looking at .20 plus and are now down almost 50%. I would be real cautious with this new pick. Price has not gone up much since the alert and there's not a lot of volume to sustain it going up. Wouldn't be surprised to see EOD sell off with tomorrow being the same.
Sure looks like it. The same people that were pumping this stock 2 days ago are gone and now are at the next play.
GTGP huh? I'll watch this from the sidelines for now. Still a little gun shy from COBI.
So what's up with COBI?
Hey Choi, the companies PR machine has been pretty quiet in the month of May. We should be due soon? Your thoughts?
Looks like a good stock just need buyers. It doesn't take much to move this stock. A good PR will get this sucker moving in the right direction.
Thanks Choi I just bought in. How many times a month do you come up with your picks?
That's funny where's the Q1? Days not over we'll see what happens!
http://www.otcmarkets.com/stock/PGIE/financials
Like most start ups they are probably losing money. I'd be surprised to see a 3 month old company making positive cash flow. What I'll be looking for is the income. It will be interesting to see if they have any. If so does it mean they already starting to see cash from the signed JV (Russian deal).
If its Q1 that could make a statement about this company!
It's probably the same one they released on Tuesday.
http://finance.yahoo.com/news/PGI-Energy-Releases-Two-Year-bw-128151795.html?x=0&.v=1
That's not true. I've talked to a lot of people in IR from many different companies PGIE included and all have been glad to tell me yes or no if they will be releasing PR's for a given week. They will not tell you what day or what's in the release but they will tell you it should happen this week.
Looks like a lot of daytraders buying at the bid .005 in hopes for a bounce play. If this doesn't bounce tomorrow this will break down below the .0045 threshold as people sell off. JMO
This can get ugly .0049 X .005. It's not even EOD yet.
3 weeks til the conference call is a long time away. Each day this stock continues to close on lower lows. At some point management needs to step in with a newsletter to shareholders giving some type of assurance that not filing the S-1 is not the end of the world but just the beginning. Any type of positive communication is needed and soon. If not this stock will continue to die a slow death.
Deal but you take out the billing manager and I'll take out the receptionist. You'll get the facts and I'll get the rumors. Rumors always start at the front desk! LOL
There are a lot of longs who were accumulating that have 100k plus in shares. I can see this dropping to the .0009 range as people race to get out the door. Even if it drops to this level it may not be a good play due to the lack of volume. 3 weeks is a long time til the CC.
true, but if they signed it as a corporation then they can only go after the corporation not the officers. If the company is just a shell who cares if they get judgements against the corporation.
Not joking they do it time to time with 5 year contracts. It's called an abatement. 6 months is more normal than 12.
Remember they just moved into there new office. If they were smart they would asked for 12 months free rent.
Sorry to sound so negative in my last post but I too bought into the idea of them being a fully reporting company. My goal was to buy a million shares at .0055 if it ever got that low. PGIE did a heck of a job on selling us on the big picture. I will be there at the CC.
Here's my question: It's a simple question how much cash does PGIE have in the bank? For any type of financing, lenders like to see solid companies with experience, sound balance sheets and cash on hand. At the last CC PGIE mentioned they had mezzanine loans as a back up plan. Mezzanine loans are usually piggy back loans to the 1st mortgage and require the buyer to put a down payment. Where's the cash coming from for the acquisitions?
PGI Energy, Inc., is 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.
What a disappointment! I'm glad I sold in the last runup and got out at .015 with the anticipation of this stock dropping back down to buy back more. Glad I never bought back. I knew they were delayed with the audited financials but never expected them to drop the ball. With this news they just become another stinky pink with no credibility.
I will continue to track this company cause one day they may do a P&D like LEXG. That's they're only hope in ever making big money.
I hear rumors of drilling to commence at the end of the month. Can someone please comment on this and add a link for the PR regarding the drilling.
For the short term its not looking good. We seem to follow hand in hand with LEX*. Each day LEX* is closing on lower lows and that stock is at the edge of a cliff. If they free fall again I'm afraid we will follow.
I for one don't like the idea of holding and adding especially on a penny stock. I'm still in at .57 but I'm monitoring this one closely.
If that was the case that would have showed up in there environmental impact report and no permit would have been issued. LTUM got permits and its a GO!
Time to protect your profits. Time to cover before the big boys come in.
Just hit the business news wire.
Lithium sector is hot! Right now there are a lot of investors and newsletters eyeing this stock. With an expected bounce and new investors coming in, I can see this stock going up. BTW added short covering will really shoot this to the moon. That's what happened with LEX*.