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Ignore the .11 open here. That is excellent as this is the post split pps!!! That's .33 pre split pps which is quite a bit up from yesterday's close!!! Go TSAS!!!
Many of you may have the new pps reflected in your brokerage accounts yet do not have the extra shares. This could take a couple days to reflect. Be patient and imo, if you have stop losses in place, TAKE THEM OUT NOW!!! Stop losses will cause this stock to get shorted to death and by placing those stop losses, you tell the shorts with inside information EXACTLY where they will need to cover. BAD decision here! All my philosophy and yes, it is factual that this happens all the time but it's up to you to decide whatto do with your money and how to trade it. GLTA and happy trading!
In my opinion, we could see more short term shake downs by shorts who want/need cheap shares to cover. However, imo that will be short lived. I think that once the PR's.....especially the last two....really catch the attention of the greater investment community, we could see quite a large run up in pps and not just another little spike as we've seen with all the recent PR's. I feel the company will do whatever they can to drive up pps (likely by regular, STRONG PR's....even possibly paid promotion) pre and post split. I'm not personally concerned with a post split pps of .05+/- as I feel it will only go up from there. I do think many folks are sitting on the sidelines at present waiting to see more volume come in and waiting to see where we're at post split. IMO, by or before the end of the week, you'll get your chance to flip 90% and carry 10% long....and then pps will settle. I honestly do not believe that the PR's on Friday and today got nearly the recognition/audience they should have and deserve. Once they do, imo we blast off to at least .30 pre split pps/.10 post split.
I look at this as more of a long term investment. I believe it's going to take some time for the pps to really go up and stay up. However, imo when we get a PR of an actual acquisition and/or another R/M or two; I believe we'll be looking at post split pps of .30 or better....but months down the road. PGI needs to get their pps up for financing so I'm sure we'll be hearing a lot more, but I think that other than some decent spikes here and there when PR's are released, we'll be trading sideways (post split) until we get a PR of an actual acquisition. This is all imo but I hope I'm right about the upside and wrong about the downside, lol. IMO, only time will tell for sure.....short term; mid term; long term.
Keep in mind that when a stock is trading sideways, it becomes fairly predictabe imo and can be great for day trades. The strategy I use is simple: wait for a decent pull back; buy up a bunch of shares; wait for the bounce;sell off your shares. Today's performance is a prime example of how that simple strategy could have gotten you approx. 20% gains 4 times today for a total potential profit of 80%+. This is very risky trading so if you choose to give it a try, I recommend you excercise EXTREME caution!!! This is all imo and what has worked for me in the past. I do not recommend that you attempt any of this or even listen to a word I'm saying here as it is all just my humble opinion. GLTY and I hope in some way my opinions have been helpful.
Hey! We closed green.....barely but still green! lol. A pretty decent day for anyone who bought in at LOD. Let's see what tomorrow brings after more people catch up on the recent PR. Who knows, perhaps we get another PR tomorrow. Wouldn't surprise me a bit. Have a good afternoon and evening all! See you all back here bright and early tomorrow!
I don't know why nobody else....or few others came to the same conclusion. BTW, this is a 3 for 1 forward split so it will tripple the A/S, not reduce them. They will have more than enough to use for financing, but first they have to get the pps up.....or, as I said before, take the financing in chunks and get some revenue built up to increase pps. I agree that LeadDog has inside information. Actually, I guarantee it.
Please see post #2146 for clarification on how this works. Let me know if you have any questions. In short, you are correct! The maximum amount of shares allowable by SEC regulations for this type of financing is 30% of the number of common stock the company seeking the financing has issued and outstanding at the time it registers the shares with the SEC to be used for financing.
Excerpt from post #2146 explaining this: "US and Canadian listed companies must first register their shares of common stock that will be used to draw down funding under the equity line facility. Although this involves time and expense, the SEPA can still be a very useful funding tool for a company because once registered, if the equity line facility was structured properly, the company can use it to draw down capital over a period of two or even three years in some cases. Depending on certain factors, a company might be able to register up to 30% of the number of shares of common stock it has issued and outstanding at the time it files the registration statement."
It is highly unprobable that TSAS will fir the criteria to be allowed to register the maximum of 30% of shares. However, even if we use that maximum number of 30%(remember, they cannot issue shares that are held by investors such as you and I); based on current pps, post split pps will not be sufficient to cover $100MM. That said, one or more of four things could happen imo:
1. the deal falls through or takes a bit longer than anticipated to close. Highly unlikely imo.
2. The deal is restructured for the maximum amount of financing possible based on the pps and amount of shares authorized and outstanding approved by the SEC to be issued for said financing. Highly doubtful considering the FACT that....see #4 below and the paragraph below it.
3. TSAS runs up the pps for at least 5 days via a big pump job or jobs (promotion(s)).
4. PGI Energy (TSAS) takes small draws to acquire income producing assets (per their plan) and files proof of strong revenue and growth which will drive up pps. IMO, most likely scenario.
Keep in mind that this type of financing does NOT require a lump sum payment of shares. Shares only need to be issued when the company (TSAS) is going to draw money from the equity line and only an amount of shares to satisfy the amount of money they are drawing at that time. The fact that they chose this type of financing tells me that they're very serious about this company and proceeding according to their business plan imo.
If you have any additional questions and/or need clarification on any of this, please don't hesitate to ask.
Here is a detailed explination of the type of funding PGI Energy (TSAS) currently has a commitment for explained by Joseph B. LaRocco of LeadDog Capital:
Standby Equity Purchase Agreement
Standby Equity Purchase Agreement - is an agreement entered into by a public company and an investor, usually a hedge fund, by which the company “puts” shares of its common stock to the investor and the investor must purchase the shares. The Standby Equity Purchase Agreement or SEPA has been used by small and large companies and its use seems to be growing in Asia, Europe and Australia.
One of the benefits a company has with a SEPA, also known as an equity line, over other traditional funding options is that the company controls the timing of draw downs. Various terms and conditions used by companies to give them additional control over the draw down process include:
- the company controls when the draw down notices are given (which can only be given by the company);
- the company controls the amount of each draw down;
- agreed upon discounts based on the VWAP of the company's shares; and
- the company sets a floor price for each draw down.
Some companies use a Standby Equity Purchase Agreement for equity line funding to have it in place when they need capital. It has also been used in many countries outside of the United States. Raising capital through an equity line is sometimes preferred by companies over a toxic convertible for essentially two main reasons.
First, under the terms of a Standby Equity Purchase Agreement the company controls when to request funding and sell shares of its common stock to the investor. In a convertible financing structure capital is provided to a company prior to the registration statement being filed, but if there is no floor on the conversion price it becomes a toxic convertible and can be highly dilutive. The problem with this type of structure is that the debenture holder can keep converting into the company's common stock and selling which can push the stock price down.
The company may have very little control over the situation since it must issue common stock to satisfy the conversions. If the company refuses to issue common stock pursuant to the conversion terms, then the parties usually end up in court. Courts tend to favor the investor in these situations unless the company can actually prove a breach by the investor or that the investor shorted the company's common stock in violation of the terms of the agreement.
Second, most Standby Equity Purchase Agreements contain a provision that allows the company to withdraw its funding request in the middle of a draw down if the price of the common stock falls below a "Minimum Acceptable Price". This gives the company greater control over the funding process by allowing the company to halt funding temporarily or permanently.
The "Minimum Acceptable Price" can be a set price or a formula that the parties agree upon in advance. Although it can be a fixed price, a moving price is more commonly favored. For example, the "Minimum Acceptable Price" can be defined as 75 % of the volume weighted average price(VWAP) of the company's common stock for the ten (10) trading days immediately prior to each draw down date. This allows the company to set a floor price for each draw down period to protect its stock price if it starts dropping after the draw down notice is given. The company is still responsible for issuing shares to the investor above the Minimum Acceptable Price, but it gives the Company greater control over the funding process.
The way the SEPA works in the United States, is that the company seeking funding is required to register shares of its common stock by filing an S-1 or S-3 registration statement with the U.S. Securities & Exchange Commission (SEC). Once the registration statement is declared effective by the SEC, the company can then "draw down" by sending draw down notices to the investor. The amount of funding for each draw down request is based on an agreed upon formula that the company and investor agree upon in advance.
The formula is based on the company’s share price and trading volume during the draw down period, which is usually five trading days. The company in its sole discretion determines when and how much to request for each draw down. Hedge Funds investors like LeadDog Capital, LP usually provide companies funding opportunities through a Standby Equity Purchase Agreement.
US and Canadian listed companies must first register their shares of common stock that will be used to draw down funding under the equity line facility. Although this involves time and expense, the SEPA can still be a very useful funding tool for a company because once registered, if the equity line facility was structured properly, the company can use it to draw down capital over a period of two or even three years in some cases. Depending on certain factors, a company might be able to register up to 30% of the number of shares of common stock it has issued and outstanding at the time it files the registration statement.
Factors to be considered include, whether a Form S-1 or Form S-3 registration is being used, how many shares are actually in the public float not counting affiliate shares, the relationship between the company and the investor, is the investor simply acting as a conduit for the company and if the offering is viewed as a primary or secondary offering.
Source: http://www.angel-and-venture-capital-guide.com/standby-equity-purchase-agreement.html
If you have any questions or need clarification on any of this, please don't hesitate to ask and I'll respond when I can. Or, you can make direct contact to Mr. LaRocco. From the above website:
"If you have any Comments on this Website I would be glad to hear from you. If you need some legal advice regarding negotiating terms with an investor or reviewing funding documentation give me a call. Also, if you need help drafting a Term Sheet for interested investors, analyzing a Term Sheet or discussing various Financing Structures give me a call."
Joseph B. LaRocco 203-599-1928
Best,
TG
I like your post but some of it needs clarification. The $100MM standby equity commitment was secured by Gandy/Pythagros. There is nothing to indicate that Wakabayashi had anything to do with securing that commitment. Wakabayashi is merely another avenue to secure funds for TSAS. That said, we can only confirm that 6% or $6MM of the $100MM will be taken as a commission (by Gandy, lol) leaving $94MM.
Also, being that LeadDog Capital, LP issued a commitment, as long as the terms are favorable and approved by PGI Energy's (TSAS) board, the deal will close unless an act of God prevents it imo.
Yes, being that this is equity based financing, shares will be exchanged for the financing. However, for $100MM, that's a lot of shares! Even if LeadDog Capital decides to dump the shares back into the open market, it's going to take them quite awhile to liquidate all of those shares. Even if we take the volume from when TSAS made its BIG run and all the volume since then (buying and selling and just call it all selling), it would not even put a tiny ding let alone a dent in the amount of shares that will have to be issued to obtain $100MM. IMO, it would be in LeadDog's best interest to slowly ease those shares back into the open market because if they attempt to dump them fast, not only will it take quite a bit of time, but also, it will KILL the pps and they will lose a bundle! Why would they do that? Rhetorical question. They wouldn't! Common sense and the fact that they would not make any move to lose value (money) in their shares tells me that. IMO, what I could see happening is a huge pump job (or a few, lol) to run the pps up while they slowly liquidate their shares. That would be beneficial to all shareholders in the short to medium term.
As for the future of PGI Energy, well, I can't speak much on that. If we base the future on what has happened with this group of folks in the past, well, the future isn't exactly bright, lol. However, imo we can't say with any bit of certaintity that just because they had one failed IPO in the past that all future endevours will and are being set up to fail. Too many reputations and professional licenses on the line here with the powers that be. IMO, PGI Energy has a very bright future, but that's just my opinion.
p.s. I like your posts and replying to them! It gives investors, potential and current, both extremes of what is occurring and what may occur with this company! Thank you for that and keep 'em coming!
I agree with everything you said and it's evident in the fact that there hasn't been a single buy since 9:42am. We need volume and I think once word of the PR really hits, we'll see that volume imo. I also think those potential investors who do know about the PR are waiting to see more volume come in and where the pps heads pre-split. Regardless of anything, imo TSAS has a HUGE future ahead of it and we're in on the ground floor here.....especially those who got in, in the double zeros. Even those a little late to the party imo aren't late at all as the fires here are still barely being kindled at this point imo.
LOL!!! Well, for anyone who got in pre-market, they could have made a decent, small flip when it spiked. That would've been a quick 20% profit. Regardless, I think a lot of potential investors have yet to see the new PR. IMO, give it a little time and it will pay off huge!
I agree!!! I was happy to see that we are now #8 in the top 15. We were #5 but hey, we'll move back up imo! I like the fact that we are and have been trading pretty much sideways. IMO, a breakout in the very near future is imminent! Go PSPW!!!!
IMO, just what I told you in the PM I just sent you: When news like this hits, we're going to see a lot of flippers imo.
GM bruno! I agree 100%! Today is going to be an excellent day for TSAS imo and imo, this entire week should be good and we should see at least 1 more PR this week! GLTY!
Bush league....LOL!!! Thanks for the heads up!!! I'm gonna go read the new PR now! I hope it holds some of the info I think we're all looking for! GLTY and thanks again!
I certainly hope so too. Green energy is growing exponentially, but, imo, it still has a looooong way to go before it can even come close to competing with the black stuff. I just think that the PR about TSAS adding a "green" (not alternative energy mind you, just recycling junk and turning it into petro and such) sector was to let share holders know that there will be additional sources of revenue. It would be nice to get a PR on the producing oil acquisition targets though. I feel that would attract the attention we need. Robert Gandy did say that a PR on financing will be released this week. Let's hope that there is some update on the progress of the acquisitions of the oil producing properties in that PR. I hope you had a good weekend, GLTY and GLTA!
No problem. Well, Mr. Gandy has kept his word twice now in regards to PR being released and when they would be released. Also, he had a PR prepaired for us today after several members here contacted him to express concern in regards to shareholders losing interest and PPS being far to low post split if the company would have waited to release a PR until after the holiday weekend. Yes, they were not going to release a PR until after the weekend. The fact that they changed that for us speaks highly of the company and those in charge and tells me that they actually do care about the shareholders.
Bottom line: From what I've seen so far, I do believe that Robert Gandy is a man of his word and all will be well. Have a great weekend!
Hmm, I didn't get that from the PR at all. The way I understand it, they're announcing that they're forming a joint venture to ADD a green sector to the overall portfolio, not go strictly green. This is excellent news as it only adds to the future revnue of this company imo. Not a single one of the targets mentioned in the SEC filings say anything about acquisitions of waste refineries that turn trash into fuel. They only mention the oil producing targets as well as the gasoline refinery that has all the vehicles and gas stations as part of the package. That said, the PR today not only told us that they're adding a green energy sector to the company, but also, it told us of yet another acquisition target: a plant to refine certain types of waste into fuel. To me, this PR was excellent and IMO, people just have not yet had the opportunity to fully digest it and its meaning.
My opinion is that the MM's have inside information yet shorted the stock anyhow after the massive run and now they need to cover and want to cover for as little as possible. Also, due to the inside information they likely have, they want to pick up as many additional shares as possible as cheap as possible. All the DD I've done on this company makes me extremely happy and optimistic on the future of this company. If anyone would care to add to my opinion on why mm's are controlling this stock as much as they are, or would like to add their own opinion(s), I would greatly appreciate as I'm sure everyone else would. Cannot ever have too many perspectives. Have a good weekend everyone and see you all back here Tuesday!
What Robert Gandy said in his reply to Mike's email: "News on financing will be released next week." I anticipate that an update on financing will also include an update on acquisitions as that's what the financing is being obtained for in the first place.
Of course that possibility exists but I highly doubt that "if" that happens, it will be anytime soon. The purpose of the F/S is to have a greater number of A/S so that the company can use those extra shares to leverage for financing, acquisitions and mergers. IMO, the possibility of that occurring is quite a long ways out to even begin thinking about it.
I would love to but I'm out of powder for this week. I'm very happy to hear that they'll be not only acquiring proven producing oil assets, but also, they'll be tapping into a whole other, rapidly growing energy sector: green energy! That will ultimately improve the future of this company and it's revenues. And, the fact that they're keeping this all pretty much amongst the same core group of people hints at the possibility of this becoming one, huge conglomerate at some point down the road. Of course the core group will benefit but such is the case with every holding company out there.....and that may be the direction they'r ultimately heading with all of this. That could be HUGE long term!!!! All imo of course.
I see no problem with that at all. It's very common business practice, although hardly ever nearly as transparent as PGI is making it....which to me spells good on their part. Also, it's not an acquisition that will require shares to be given to move forward. It's merely a joint venture being set up to tap into the growing and highly lucrative green energy and recyclible energy sectors. I think the news is excellent and much more than I had anticipated. this is of course just my take on it.
Of course! MM's know a PR is coming and some are VERY short while others, likely the bigger plays, indicative of the fact the bid is moving up, have already covered! Look at the MM signal in the trades: a trade of 400 typically means, "lower the price, I'm REALLY short." Doesn't seem most of the MM's care. They likely have very little left to cover; they believe the PR will have little affect or they're waiting to see the content of the PR to decide to cover now or ride out their shorts a bit longer. All imo but it all makes sense....to me at least. Seen it before many times.
Thanks for the update Balut! Time for lift off imo!!! Well, as long as the PR is good and strong, lol!!! I believe it will be!
LOLOLOL!!!! Perhaps he had a rough and/or "lucky" night, lol! Too funny! Nah, I honestly just think they're preparing the PR in an attempt to make it as strong as possible, and, we have to take into account the time difference in TX. They're what? 2 hours behind in Houston?
Good morning fatcast! I don't know where the PR is exactly. Robert Gandy did assure us yesterday that PR would be out today, ust no assurance as to when. we're all hoping the PR comes before lunch rather than later in the day, but we'll just have to wait and see.
Long weekend, lol! I'm probably one of few who actually dislike long weekends, lol. They create short trading weeks and I go through trader's withdraw, lol.
Anyway, we should have the PR very soon! GLTY and GLTA!
This is very true and thanks for answering nodummy! However, it doesn't mean that Gandy hasn't come up with new terms from Kodiak Capital for the financing of PGI Energy, Inc. This is of cours highly speculative but being that Robert Gandy was able to get a conditional approval for $100MM financing for PGI Energy Fund I Series 2000, he obviously has a strong working relationship with Kodiak and "could" very well have something in the works already for PGI Energy, Inc., e.g., a conditional approval of sorts. We'll just have to wait and see though. Honestly, Kodiak isn't exactly my favorite choice for financing for several reasons and I would prefer we get news on financing approval (conditional or otherwise) that does not involve Kodiak. However, any approval of finacing PGI Energery, Inc. would, imo, be excellent news.
Mid morning would be great for the PR as it wil allow a lot of upward price movement today....granted the PR is positive and new news. I hope they don't release it late afternoon. However, that could create a buying frenzy that sends this running light speed into EOD. Fingers crossed! GL!
Regardless, Gandy assured us yesterday that they will be putting out a PR today. I just hope it's both positive and details progress....especially in regard to acquisitions.
Good morning fellow TSAS'rs! Been watching level 2 for 30 min now and it's clear that the pps will move in either direction with only approx. 1,300 shares traded. Keep that in mind today. Let's see how hight we can push this prior to the PR today. Let's goooo!!! GLTA!!!
Good and ready for a nice green day!!! Paint away fatcast....is you find a good entry point to do so. GLTY and GLTA! Go TSAS!!!!
Hmm, interesting. I am using my scottrade account for this play and when I contacted my local branch to ask about the F/S with TSAS, they were fully aware of it and told me that historically speaking, the new shares take between 2 - 4 days (4 on the high end) max to reach your account. Yeah, Scottrade is certainly not a fan of penny stocks but I don't know why. They charge the highest fees for stcks under $4 than any other online brokerage. Anyway, the TSAS share should be in your scottrade account 2 - 4 days post F/S at the latest.
LOL!!! I was not off topic! Haha! Good to hear from you buddy! I agree with you 100%!!! I bet TSAS closes at atleast .30 tomorrow with no PR and MUCH higher with PR! Hope your 11+ hour drive wasn't too gruelling. Yes, I tried my best to hold TSAS pps up as best I could, but if it eren't for the phenomenal, strong handed, smart, savvy team of investors we have here, there is no way I could have done it alone. We are all buying as much and as often as we can and ALWAYS at the ask or higher! Glad to have you back fatcast and I hope you'll be able to join us here tomorrow! Have a good evening, GLTY and GLTA!!!! Go TSAS!!!!!
p.s. fatcast, do you have dry powder to buy tomorrow t help us not only hold this up but also, push it higher!!??
p.p.s. I'm out of here for today so I won't get any replies until bright and early tomorrow.
Scottrade told me 2 - 4 days max....but often much faster.
Ok my fellow TSAS-ers, I must retire for the evening but I'll be back bright and early tomorrow between 5am - 8am depending on how early I get to bed tonight. I think we had a phenomenal day today! We closed green for the first time since TSAS peaked on the day of its MONSTER run! Also, it seems that we may have established a new level of support at .20 which is excellent!!! With all the MM's that were stacked at .35 today for majority of the day, that tells me that they do NOT want us to break that level because it would cost them small fortunes to cover their shorts. That said, if you dont have any dry powder, load it up pre-market tomorrow (if you can afford to of course) and let's BLAST through the .3sss and into the .4sss at least!!! Lots of consistent buying will do the trick imo! In other words, don't use up al your powder on one big buy as I continually see MM's come in right after those buys and trump them with massive sells at the bid or worse. Let's do what the big boys do and accumulate ninja style: slowly, consistently and quietly so that we can brea through the next level of resistance (or 2 or 3 levels) and establish a new level of support! Have a good night all, see you all back here tomorrow ans GLTAOU!!!!
LOL!!! That's what I thought but didn't want to sound like an idiot using it that way and find out I was wrong! LOL! Thanks for clearing that up for me! How is PSPW treating you Bubba and what are your expectations here!!??
This is not off topic at all and I'm glad you brought this up. I checked with my brker today (scottrade whom I'l be leaving tomorrow for reasons that are off topic, lol) and they told me that it depends on when the company issues the post F/S shares to them. They gave me an estimated timeframe of 2 - 4 days based on previous experiences. Anyone else talk with their brokers about this? I feel it's very important that everyone know how their brokers operate and will be handling this TSAS F/S so they know what to expect and how long they may have to wait before they can sell their positions...or any part of their positions. You cannot sell a single share (or buy) until your broker has received th new shares. PLEASE be aware of that and take a few minutes to make a call so you can plan accordingly.
No, the value of your TOTAL position remains the same. The pps actually decreases but because you will now have 3 times as many shares, the value of your TOTAL position remains exactly the same. Example based on current share structure at .20 pps and a position of 10,000 shares: .20 pps x 10,000 = $2,000 Post split: 10,000 x 3 = 30,000 shares; .20/3 = .0666666667 pps x 30,000 = $2,000 e.g., EXACTLY the same total value for your position even though share price has been reduced by 3 for 1. Make sense? After that, it's all up to the market to decide where it goes from there. From my experience with F/S (forward splits), the pps almost always jumps up quite a bit post split and then sizeable sell offs take place. Not always but more often than not from my observations. I hope this clears everything up for both you and anyone else who still may be confused about this.
I always set my sell orders as GTD orders as high as my broker will allow to lock them down so MM's cannot short my shares! IMO, EVERYONE playing PSPW long and strong should do the same and continue to adjust it up as pps goes up and as they accumulate more shares. Just be cautious because when the right news hits, the pps could fly right through your sell price and you may leave a lot on the table. Regardless, anything $5 or above from current pps would make me extremely happy and extremely wealthy so I couldn't complain too much, lol! BTW, and this may sound like a stupid question, but what does FWIW mean?
Awe, BUMMER!!! Weekends put me through enough traders withdraw as it is....and now a 4 day weekend.... Oh well, STRONG open for PSPW on Tuesday!!!! imo
Excellent job Mishkin! Now perhaps the naysayers will stop with negative remarks against PSPW. You just provided all the evidence that makes their "evidence" null and void! I don't think many folks realize who and what Rudana actually is and how MASSIVE and respected they are. Notice, absolutely NO replies or rebuttles to your post. Good find and superb work! Go PSPW!!!!