PGI Energy, Inc. (PGIE)

[dcool1]

well, i think they had every intension of filing the S-1, but their counsel is the one who dropped the ball by failing to advise pgi correctly in the beginning. most likely the accounting and law firm just wanted the money and therefore purposely held info from them, all the while charging them against the retainer. pgi just has to mark that up as a mistake and experience. the S-1 is not off the table and they can always pursue it down the road when the have more of a track record.

in the end, pgi did what was best for the shareholder and the advancement of their company. the time frame to file and go though the S-1 process was holding them back and simply not worth it at this time.

revenue makes all companies move and its coming. people sitting on the sidelines will be left behind.