PGI Energy, Inc. (PGIE)

[Oiljob]

As I understand this misrepresentation, they promised a common stock-stock dividend, sucked in the investors, then yanked out the rug at the last minute, filed papers to issue a new class of restricted preferred non-voting stock, retaining the extant float and saddling the investors with worthless restricted shares that require Board action to yet convert to common shares after some time in excess of a year from now. I define that, in my personal opinion as a scam Oiljob.