PGI Energy, Inc. (PGIE)

[dcool1]

to cover up the millions of shares pgi has dumped into the market during the past few weeks. shareholders are demanding that the TA be ungagged, but they can't do that without revealing the fact that their PR over the past few weeks was merely a p&d. the news revved up the volume, so they could unload.

now they intend to give out a 1-1 dividend to make the share structure confusing. i guarantee their TA releases an accounting of the ss after the split.

there is no logical reason for them to do this split. why would a company starving for money, hand out shares? why would a company, who's stock is struggling, purposely put millions of additional shares on the streets and dilute & devalue their stock further?

its the most absurd thing i've ever heard of. the cover up theory is the only sensible explanation.

if anything, pgi should be buying back stock, not giving it away!