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Count me in with SEC letter and lawsuit. Thanks to those setting the ball in motion.
PRG Group Receives Cash Flow Financing From Chesapeake Bank of Virginia
Tuesday September 18, 11:25 am ET
PISCATAWAY, NJ--(MARKET WIRE)--Sep 18, 2007 -- Prime Communications Inc., a subsidiary of PRG Group, Inc. (Other OTC:PRGJ.PK - News), is pleased to announce that it has secured $1.5 million accounts receivable financing from Chesapeake Bank of Virginia.
"This is a great day for PRG, because we can now take the company to the next level," commented Uma Pandey, PRG Group CEO. "Our purchasing power has increased considerably, which will enable us to meet increased demand for our products and services without waiting for payment on invoices. In short, our projection of 10 million in revenues for fiscal 2007 is assured," Pandey concluded.
About PRG Group, Inc.:
PRG Group, Inc., a holding company for PRG Systems Inc., Prime Communications and LOCATUM, has lines of business in: Consulting, Managed Services, Equipment, Network Services, Research & Development and Professional Training. PRG Group subsidiaries provide leading edge business support processes, technology and software to companies seeking to improve their cost structure, productivity and system efficiency. PRG Group, a Delaware-based corporation with offices in New Jersey, has been recognized as a leader in designing integrated solutions for businesses of all sizes.
For more information, visit http://www.prg-group.com
PRG Group Receives Cash Flow Financing From Chesapeake Bank of Virginia
Tuesday September 18, 11:25 am ET
PISCATAWAY, NJ--(MARKET WIRE)--Sep 18, 2007 -- Prime Communications Inc., a subsidiary of PRG Group, Inc. (Other OTC:PRGJ.PK - News), is pleased to announce that it has secured $1.5 million accounts receivable financing from Chesapeake Bank of Virginia.
"This is a great day for PRG, because we can now take the company to the next level," commented Uma Pandey, PRG Group CEO. "Our purchasing power has increased considerably, which will enable us to meet increased demand for our products and services without waiting for payment on invoices. In short, our projection of 10 million in revenues for fiscal 2007 is assured," Pandey concluded.
About PRG Group, Inc.:
PRG Group, Inc., a holding company for PRG Systems Inc., Prime Communications and LOCATUM, has lines of business in: Consulting, Managed Services, Equipment, Network Services, Research & Development and Professional Training. PRG Group subsidiaries provide leading edge business support processes, technology and software to companies seeking to improve their cost structure, productivity and system efficiency. PRG Group, a Delaware-based corporation with offices in New Jersey, has been recognized as a leader in designing integrated solutions for businesses of all sizes.
For more information, visit http://www.prg-group.com
ADSN L2 showing 66% /e
I can't access Panamersa.com. Anyone else having the same problem?
Unfortunately, it's hard to disagree with this. /e
Well done, 4G. This one's a keeper. /e
Those rumors have come and gone many times over several months. It just needs to move already - upward!
FWIW, I agree entirely with your analysis - and also had to learn the hard way.
The 211 has nothing to do with the self-imposed deadlines the company sets for itself and misses. We were talking about the filing of the 211 as a document that provides basic information about the company.
The Fundacion charter and the certified financials both posted to the Panamersa website back in April, I believe - as well as the numerous additions to the website since then of member companies and their info -more than satisfies the alleged "need" for a 211.
If you're going to respond to a comment, it might be helpful to actually be discussing the same thing as the person you're responding to.
But we have the most basic info about the company and then some - without the 211.
Yeah, it's no fun being a bagholder. Wonder how long I'm going to have to hold this one....
Oh, well - on to the next POS. LOL
Away from my office - what's volume so far?
270K X 54 + franchise rights = $15 million minimum, it seems to me. I'd say that's great news. Let's hope it moves the stock.
He has his money and shares already - not to mention the deal is filed with the SEC. Don't see how a backing out could happen.
Unless it messes up the visiting team's last-minute audible.
I couldn't resist.
That's been predicted before. Let's be careful with that.
Amen! Hard to complain about today's release... unless complaining is your personal pasttime.
I think it's a year. /e
It was directly in relation to shares/PDRs/membership in the Fundacion. That was the difference, as I recall.
WTF is going on here???? How the hell did we get into this unbelievable drama of poor taste on a message board about a CORPORATION/FUNDACION?
we should have with the volume of buys at .0003. /e
Can we close it green in the last five minutes? /e
15 days, then an "E" /e
We're stuck in this thing for a while...praying for no r/s, IMO.
Repeat PR about the divy just hit the wires. Does this idiot CEO actually think that's going to help anything?
Not at .0001 - which is just around the corner! /e
No one seems to give a sh*t about this divy - not after watching this drop like a stone after pushing back the first record date.
CEO's just amazing, isn't he?
Both fraud and breach of fiduciary duty are valid grounds for a lawsuit against a company officer.
That's all? Lucky you.... /e
Now it is the company or BA selling - how lovely to have HDSN on the ask at .0003 on a day of major dumping!
WTF??? We're going to .0002! /e
It's not the company - yet; it's probably that Big Apple POS so-called PR company, IMO.
It appeared to have a ton of support @ .005 too! /e
Doesn't look like that'll be happening today with NITE walking the ask down and people taking out the bid.
6K! Me and my measley 1K will be quiet, then.
Wow! Neither the divy nor the news seems to be enough to take out .0004.
Unbelievable - losing the .005 bid fast! What a mess! /e
WTF has happened to this board...? Oy! /e