PGI Energy, Inc. (PGIE)

[wapsi]

news from PGIE in march.

quote from March 4 shareholder letter
Acquisition Announcement

The Company has just closed on the acquisition of yet another oil and gas asset known as Callahan County Regular Field, which contains 30 producing wells. We entered into a joint venture agreement with Cynergy Partners, Inc who will act as the operator, the joint venture manager and would remain the General Partner for the Cynergy Royalty Income and Development Fund to acquire 50% WI and 50% NRI.

hummmm now look at this quote from the second shareholders letter

quote from June 6: Only two of our divisions are generating modest revenues. Those divisions are our commodities trading division and our transportation logistics division. We are still developing our green energy division with Waste to Energy Solutions, Ex-Factory for the development of wood pellets, syn gas, and synthetic crude modular units.

anyone else see the lie here??

yet also in the June 6th newsletter this one is classic:

" The company only disseminates accurate and truthful press releases based upon signed and executed agreements. "

hummm so which line of bull do I believe? Notice the wording EXECUTED AND SIGNED? sound familiar to the D2 sales?