PGI Energy, Inc. (PGIE)

[SDSU Fan]

Sorry to sound so negative in my last post but I too bought into the idea of them being a fully reporting company. My goal was to buy a million shares at .0055 if it ever got that low. PGIE did a heck of a job on selling us on the big picture. I will be there at the CC.

Here's my question: It's a simple question how much cash does PGIE have in the bank? For any type of financing, lenders like to see solid companies with experience, sound balance sheets and cash on hand. At the last CC PGIE mentioned they had mezzanine loans as a back up plan. Mezzanine loans are usually piggy back loans to the 1st mortgage and require the buyer to put a down payment. Where's the cash coming from for the acquisitions?


PGI Energy, Inc., is an energy holding company, headquartered in Houston, Texas. The company’s purpose is to acquire assets in the proven producing oil and gas assets, refinery and pipeline sectors of the energy industry and other synergistic assets. The company will only acquire proven producing, and income producing assets.