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Under the agreement they made payment are not due to start till Jan 31st 2012 it's in the 8k. They don't have to issue shares or reverse split they can make monthly cash payments if able at that time. Under the terms of the Final Settlement Agreement, we issued our 8% convertible promissory notes in the principal amount of $ 4,559,842.41 to Alpha Capital and $3,496,415.91 to Whalehaven (the “Notes”). We are obligated retire the Notes in monthly installments, commencing January 31, 2012, by the payment in cash or (at our sole option) by delivery shares of our common stock in an amount equal to 6.25% of the principal amount of each Note, plus accrued interest. In the event we elect to make installment payments in common stock, we will be obligated to make monthly delivery of shares of common stock that are not subject to any restrictions on resale under Rule 144 under the Securities Act (“Non-Restricted Shares”) valued at 80% of the three lowest volume weighted average closing prices of our common stock over the 20 trading days immediately prior to each installment payment date. It is our present intention to amortize the Notes with our common stock, although we may elect to pay one or more such installments in cash. ,
If I had 40 million barrels of oil I would be ok with 9k in cash myself
Falling up?
Maybe today!
By this time tomorrow be breaking .05 hopefully imho
Bit of advice , cover and go long man everyone else is lol
Lol and they filled me below ask
They are not filling me and I am above ask wtf
The fact that it was green all day and closed green is an amazing close. Especially considering how much it up on the week and it still closed green on a long weekend
What's the os and as here?
All I can say is I hope the explosion waits till thurs after 10 am. I have more funds clearing thurs morning. But I have a bit loaded already.
The pr said they are buying back cd's
Exactly
It would be frowned upon to give specific pr dates to a single shareholder and not make them public to say the least. And if it's going on it is very shady, but I doubt it's going on. I don't think the CEO is that stupid
Totally agree, but my thinking is that those of us who feel that way are already in
I am long and i want and believe this will go up. But I don't see an explosion coming without some meaningful news. We need to know what the hell is really going on behind the schene.
I honestly have no idea what this means, can anyone explain what he just said?
I am not sure what the case on that is. One side of it could be you are right or partially right. It could be they are just taking advantage of low price to buy back shares, also can't rule out company being in on manipulation though I doubt it. Even if they were I am ok with it as the lower they buy back the more shares they can remove from the market and that's better for shareholders in they end. It could also be that mm's are manipulating price down and loading shares themselves in anticipation of some sort of news that will move price much higher, which is what I figure it is. Then there is the chance it is a bigger investor buying in anticipation of a large move. Any of these scenarios works for me as they all point to a sizeable price increase in the not so distant future.
Thanks for admitting that its why we are all here, possibilities are good, and I think wether bashing or pumping or just stating facts we all know that news will cone, just when and how much will it move is the question
Yes facts are facts I agree. Facts I know 1) I am holding because I do expect more news about dividend, about expansion of value of library, about new deals possibly or about something no one knows of yet. The company has been in business for aprox 28 years. The CEO isn't trying to become a criminal now at his age by putting out false pump press so one can reasonablly assume there will be more news in near future. Fact 2) with these sharp drops I am not adding, atleast not yet, once I feel we are near bottom I will start adding, I will not say when I do because I will want the price to stay low till I am finished. Fact 3) you are here bashing, you don't know me or any other investor here and are not worried about our investments if you did you would simply dial my phone number and tell me personally why I shouldn't invest here and not waste your time on this board. So it's obvious to anyone without blinders you are either A) short or B) want share price down so you can buy cheaper for the next run. I challenge you to post your true intentions.
When I trade, I buy the stock based on my criteria I watch it, then at some point sell it, be it for a profit or loss, then I move on and don't care where the share price goes after that. There is only two reasons I would ever waste my time bashing a stock, and I have before. This two reasons you ask? Either I am short, or want cheaper shares plain and simple.
Lol,ok thanks for being so charitable and worrying about our money for us then
Wow bashers showing up one after another, is that a sign of good things to come? Seems like there are multiple bashers working overtime with post after post
So when do we hear if they made those may numbers? I would think they know already. They need to give some information on this
Yes I have read all of the prs guess I am just impatient, but I will continue to hold I just hope we get news soon. Which I suspect we will
I am still holding and have been for a long time, but I am starting to wonder where it's going. The company needs to give some info as to where we are and what direction we are heading. These so called e-mails to certain people don't cut it.
I don't care to look back and find the post but I believe it was you who said Pvsp owes netcapital the full amount of the debt now since they bought it. So why would they convert at .25 and break even when they could just collect it all? You make no sense. So in conclusion converting at .25 per share cost them .25 per share inessence they bought at .25
So you expect everyone to believe netcapital did this to break even. They buy the debt for 75 percent off and then convert it to shares at a 400 percent premium. Wow those guys must be really stupid and broke. No wait they are very wealthy. They converted at .25 arthur n matter how you slice it, this will go up
I believe I read here recently float was around 16 million. I don't know where you came up with the 50 mil entire is is maybe about half that right around 25
Il or so
They expect .25-.50 share price, I for one will be elated to see half of that .25 anything else is just an extra bonus
Then most of the people either didn't listen to the same cc I did or they are insane because the cc I heard sounded great. I suspect there will be a spike very soon. Also they said in the cc that they would be pr'ing the 8 million in earnings within the next week or so. So a pr is coming, I can wait for it
I thought the cc was great going to get 8 million in revenue in the next couple of weeks is amazing that .01 per share earned in only a week
Contracts expected to close this week and yield 8 million to PGie will be pr'ed when close
Hopeful of .25-.50cents Stock price once earning are being reported institutional investors like the company
2 contracts with end buyers for Russian fuel one for 500 mmt and one for 1000000 barrels
Calm before the storm? And there will be a storm one way or the other. With good news a storm to .04+ with not so good news then maybe a storm down. I am betting on good news, place your bets!
It's like that on more than one of my stocks it's a glitch
They are showing slot of stocks that way
I hope they pr this when details are all worked out
I thought MM's were supposed to show real amount of shares on ask and bid now, they arent doing it on this or atleast most of them arent they are showing the old 5k