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your broker is subscribed to NSCC risk management service. NSCC has triggers that alert brokers, banks, financial institution, etc to certain risks such as unusually low or high volume, declining pps, etc, etc.
get a different broker! zecco is for novice investors.
the SEC hasn't halted it. it must be restricted by your broker
Company Info and Share Structure
http://www.otcmarkets.com/stock/PGIE/company-info
http://ih.advfn.com/p.php?pid=financials&symbol=PGIE
PGI Energy News and Press Releases
http://www.otcmarkets.com/stock/PGIE/news
http://ih.advfn.com/p.php?pid=news&symbol=PGIE
PGIE is not halted
http://www.otcbb.com/dynamic/marketwatch/mwsubhome.stm
even if they do a r/s, the price is going to be right back here at .0001 / .0002. investors hate a r/s and will bail when the investment becomes worthless.
r/s's should be illegal!
because then it would look like a pump and dump. their only goal was to release news to "rev" up the volume, not force the pps to surge.
by making the pps go up, more would have been caught at the top and possibly complained about a p&d, but if the pps doesn't go up, yet the volume does, they can dump shares and just say.."hey, we sold below or at ask to raise capital"
you should feel the same. we only have a few days left in the year. why would you want the pps to surge in late 2011, only to take the profits and have to pay the taxes, when you could wait and take it the following year if things go differently for pgi in 2012?
market closed today - dec 26th!
same to you! be safe.
thx. an even better answer. i haven't even opened my desk top to look at the market today. we live in florida and we're going to the beach to walk the shore line, shop, & drink :).
2011 Holiday Schedule
http://www.rightline.net/calendar/market-holidays.html
people are still on vacation and have time off from work.
if they fail to deliver something soon, we all need to get together on a SEC filing. you just can't make bogus billion dollar claims like that and get away with it.
i just did. they read posts here. and im not joking.
if i invested in a company that released news that actually happened and it just simply didn't take off, then i would blame myself.
but these guys have made some huge statements that caused some serious volume and then dumped on us. not a single bit of news has come true.
and im tired of it.
shortly after the first of the year, if they do not make something happen, i'm going to file a SEC compliant and begin my personal war
anyone wanting info at that time can contact me here: pgieseccomplaint@gmail.com
its just a matter of time now before i start a personal war with these guys. i'm tired of the games. they either need to close some of the deals they announced or go down for stock manipulation.
i started one with the ceo of positron corp (PGIE) by filing a SEC compliant and providing them with every bit of info i had. the SEC and the investigator that i was dealing with just recently filed charges against him.
you do not want to mess with me gandy! im a multimillionaire who has all day 365/24/7 to do nothing but provide info to the SEC and take your assz down!
try clearing your cache and cookies, then go back to the website
i don't see anything that looks like a house. i see a menu at the top of the page that takes you to the different pages of the website. everyone should be able to see that.
what website are you at?? www.pgienergy.us ?
dont worry, i have everyone saved as a screen shot
you can also go here to see every thing:
http://www.otcmarkets.com/stock/PGIE/quote
.0003, .0002, .0003, .0002, .0003, .0002...back and forth. it never ends.
i think pgi's going to get out of the law suit. certainly the contract has some protection for them if they can not produce. mczeal's partner will have to file for an abatement of the default and then file their answer to the compliant. most likely it will then be settled out of court for some kind of monetary settlement. mczeal probably knew this and purposely allowed the case to go into default in order to buy some time.
also, this is a cross state line venue, so in order to enforce the order, they would have to file with the texas courts for a judgement in order to seek any of pgi's assets.
pgi's assets are being held within a holding company, which is separate from all of its other individual companies which are actually doing business. i highly doubt anyone could touch those assets.
i guess they have some institutional investors to get things started. im sure they plan to have some news also to rev things up as they did here in the pinks.
the reason they dislike the pinks is that they couldn't get the company registered with the sec and listed on the otcbb, so the $100M in funding failed.
at this point, its all about raising money. they could care less about the invesotrs who currently hold shares of stock. the otc pink shareholders do nothing for them.
i checked into trading on the fse via a td ameritrade international account. its not easy. the currency has to be converted and takes a long time for funds to settle.
i don't see any advantage for shareholders. the move to the fse is merely for pgi's benefit. the initial ipo should bring a large amount of capital into the company. enough for them to take their pay checks and bonuses for sure.
hopefully they fund some projects with the money and not just walk away with it.
no. just that one time. hope its true. it would be nice to see this thing turn around.
be nice to get some good news and a little pop out of this before christmas.
So what happens to the OTC stock (PGIE) when they list on the FSE? Will it become worthless?
How will the stock repurchase from the parent company effect the pps of PGIE? Will it be an exchange of the new company shares for PGIE shares or do they plan to have the new company buy PGIE shares in the open market?
so what do they win? pgi doesn't have anything
never mind..found it. wow, is mczeal a clown. you would think a professional attorney would file an answer in time and know that a corp can't defend itself pro se!
"The court rules as follows on Defendant PGI Energy, Inc.’s motion to quash service of summons –
Facts/Overview:
This is a business dispute. The complaint alleges that Plaintiffs Pipeline Global International Trading Company and Monarch Media Fund LLC entered into a contract with Defendant PGI Energy, Inc., for the purchase of diesel fuel. Under the terms of the contract, Defendant was to provide Plaintiffs with proof-of-product (“POP”) at the time the contract was executed but failed to do so despite multiple requests from Plaintiffs. Consequently, Plaintiffs were forced to breach a different contract with a third party. The third-party contract was dependent on Plaintiffs’ purchase of diesel fuel from Defendant. The complaint alleges six causes of action:
breach of contract;
fraud (negligent misrepresentation);
fraud (intentional misrepresentation);
fraud (concealment);
negligent interference with contract; and
intentional interference with contract.
According to the proof of service of the summons and complaint, the summons and complaint were served on Marcellous McZeal, the CEO and general counsel of PGI Energy, Inc., on July 13, 2011. No responsive pleading was filed; thus, on September 1, 2011, default against PGI Energy, Inc., was requested and entered.
On September 9, 2011, the motion at bar was filed. As part of its motion, Defendant also filed an answer to the complaint.
Defendant PGI Energy, Inc., moves to quash service of the summons and complaint based on lack of jurisdiction or, alternatively, to dismiss or stay based on forum non conveniens.
Analysis:
There are significant procedural problems with this motion that prevent the court from ruling on its merits. First, default against moving defendant has already been entered in this case. “Entry of default ousts the court of jurisdiction to consider any motion other than a motion for relief from default [citations]” Weil & Brown, Cal. Prac. Guide: Civ. Proc. Before Trial § 5:7 (The Rutter Group 2011). See also W. A. Rose Co. vs. Mun. Court for Oakland-Piedmont Judicial Dist., Alameda County (1959), 176 Cal. App. 2d 67, 72.
Second, the motion to quash was filed by Marcellous McZeal, a Texas attorney who is not licensed to practice in California. There is no pro hac vice application in this case for Mr. McZeal. The court cannot treat the document as a filing in propria persona because Defendant PGI Energy, Inc. is a corporation. See CLD Const., Inc. vs. City of San Ramon (2004), 120 Cal. App. 4th 1141, 1145 (“[U]nder a long-standing common law rule of procedure, a corporation, unlike a natural person, cannot represent itself before courts of record in propria persona, nor can it represent itself through a corporate officer, director or other employee who is not an attorney. It must be represented by licensed counsel in proceedings before courts of record.”)
For the foregoing reasons, the court must disregard not only the motion itself, but also the answer included in the motion. The motion, including the attached answer to the complaint, is ordered STRICKEN.
This ruling is without prejudice to Defendant’s filing a motion to set aside its default."
someone enlighten me. where is this case info? give me a link. thx
the buy back plan is a reverse split
looks like the news for today isn't gonna happen. this nightmare never ends!
thought we were getting news today?
if this is a scam, pgi can not possibly think they're going to continue to get away with it. the sec is eventually going to step in and take these guys down.
i just can't imagine mczeal putting all his education and career on the line for a half witted scam. maybe he knows the law and believes he'll just receive a slap on the wrist????
seems like a stupid way to making money, then again, some people are just takers and thieves.
doesn't mean they sold anything. it just gives amerinet the right to market and sell posirx
look who was part of the investigation. wtg andrew! the sec complaints worked, cause i know for sure he is the one who contacted me?
The SEC’s investigation was conducted by Andrew Shoenthal, Malinda Grish, Ann Tushaus, Linda Gerstman, and Paul Montoya of the Chicago Regional Office. Timothy Leiman is leading the litigation effor
pgi energy is going to make it. they're going to score a big deal and it starts from there.
so, either you're in or you're out when that happens. don't cry when you miss it.
at these levels, you have very little to lose.
i agree with that, but hopefully they now see by doing so, its just destroying their company and getting them nowhere.
i agree with joe. if pgi would stop diluting, we should see some substantial gains on news.
they've driven the thing to the bottom with dilution. hopefully that's over and the true direction and movement of this stock will be realized.
i see over 120M at .0003