PGI Energy, Inc. (PGIE)

[Cobra Kai]

I understand PGI Energy has made alot of mistakes. they have put the horse before the cart several times with expectations on news & developments causing a great disbelief and share price dropping significantly. They created forums like Facebook/message boards/conference calls & posted contracts so when they made mistakes it was multiplied times ten and they give more ammo to critics than they could ever want from a new company.

I wont argue that mistakes have been made all too often in the early going of their business plan and we have suffered these ultra low share prices as a result. We have seen the actual contracts posted on what they thought would close and didnt. also they have explained some incl.- lost oil contracts- Intertorco and others.

In order for more people to buy into PGI's plans for growth they will have to understand the past mistakes better- which they should explain on the conference call & answer questions pertaining to their mistakesI actually hope they receive alot of challenging questions, and we also need to see evidence of revenues & growth- we have 2 oil assets-1 of which is updating us frequently. The other JV'S formed should be explained & understood were they are at in the process of developing them - wood pellet-waste to energy etc.. (for the JV'S we havent seen much on)

they also have alot in the works- hopefully we can see more on the machine shop- PT Rebana- and other drilling orders they say they have some of the biggest companies around interested in. The next 45 days will tell everything for me going forward- at the end of the next 45 days we will see a major turnaround or be stuck in the mud- I truly expect a turnaround is coming despite several previous mistakes- with all thats proposed in the next 45 days if they deliver on half of what they say we move up. Combine that with the possible closing on letter of intent & Frankfurt exchange opening up 100 million in a equity line and we "could see" a major turnaround.

I understand the outlandish PR's killed them especially when oil contracts proved much more difficult than anticapated. the company had extremely high expectations in place and they are not even close to being met currently but I still feel management is more sophisticated than being given credit for-they are being looked at in a very negative light and they deserve it for some of the mistakes made but if they piece some of this together we can see one of the biggest turnarounds.

For the scam talk- I still dont feel leasing a 14,000 square feet building- management team with professional careers on the line- family part of the staff- closing on 2 oil assets- previous lengthy letters to shareholders explaining mishaps-contracts posted & conference calls saying ask us anything you like is the way to go about it. I readily admit the mistakes list in the eyes of investors & myself is piled high but what would it take to move up...not much at all. hopefully the excitement Im hearing out of PGI is the beginning of a turnaround- for now we are around .0012 with 2 oil assets-list of JV'S- new exchange looming with a new credit line I think the risk reward at this level is heavily in our favor lets hope the developments they have speak for themselves as revenues are whats needed.

If they beging to deliver on rigs or letter of intent this will go down as one of the biggest turnarounds and least understood companies around I know many have dug their heels into the ground that this is a scam and I contend it isnt-I think its a company that has made a multititude of mistakes and strung investors along too many cases but I still feel they are about to turn this around. I will give them until 11/1/2011 to reserve end judgement as I think the next 45 days they expect alot- so big let down or big turnaround.