PGI Energy, Inc. (PGIE)

[Cobra Kai]

no they didnt- my assumption/guess would be an increase to match authorized shares of 3 billion.

I would prefer it be only 1 billion at the very least for the psychology of it but I expect it to match. I would never expect the preferred shares would be used for dilution as they carry more voting rights and management would not want to lose majority 51% voting rights so they should be used to balance their voting rights if commons are ever issued and for dividend only.


Next 30-45 days should be interesting

-letter of intent closing scheduled in Sept.

- Frankfurt Exchange

- drilling rig orders-pending

- continued updated on oil assets and updates on JV'S and full financial forecast expected on conference call.

til next time............