PGI Energy, Inc. (PGIE)

[shadowkreeps]

MY 2c's im trying to break this down .


Ok all together theres 517,740,399 restricted....including 29m owned and Restricted By W. Fund..

But what ever happened to the 100m financing agreement :::: PGI Energy Announces Closing of Oil and Gas Asset Acquisition in New JV Partnership and New $100 Million Equity Commitment



as the stock purchase agreement states :::

(c) Incentive Stock Option Plan. Executive shall be entitled to participate in the Company’s 2010 Long-Term Incentive Plan. Promptly following the execution of this Agreement, the Company shall take all actions necessary to issue to Executive a Restricted Stock award under the 2011 Long-Term Incentive Plan of 5,000,000 shares of the Company’s common stock.

so with all Officers and Reps.. this company has 1b shares of Common Stock... over half are owned and restricted... Lets just say for arguments sake there are over 100 million shares owned by retail investors...
that would bring a total of 617M shares owned of which 517M are restricted...
So our float should be roughly 380 Million...

Lets not Forget

HOUSTON--(BUSINESS WIRE)--PGI ENERGY, INC announces new joint venture gas development agreement with Osyka Resources, LLC in acquiring a 50% stake of Mustang Island Block 882. The asset is valued at $15 mil. “We are equally as excited to have executed a new round of financing with AGS Capital Group in New York. The closing of this transaction will allow us to report modest earnings, thus increasing value for our shareholders as we continue our growth plan. The number of institutional investors interested in investing in PGI Energy speaks volume to our business model and vision for growth at a rapid pace,” says Marcellous McZeal the Company CEO.



So we have multiple Financing deals a JV Partnership and a Deal Worth roughly 650 mill on a 380m float.. And this stock is sitting at .012 --- lets get real here.. This stock should be valued over .65 c


But what do i know