PGI Energy, Inc. (PGIE)

[wapsi]

Todays PR was a total joke. They even put a disclaimer on top of the normal disclaimer. LOL. So they are now taking letters of credit for the rig downpayment instead of following their own contract. Let me explain something to you McZeal....I will quote my own lawyer on this one. " A violation of the contract between the parties involved, deems the whole contract non executable" "If EITHER of the parties does not hold up to the contract agreement, The contract becomes invalid" I believe PGIEs contract states they were to recieve a down payment by a certain date. IMO PGIE is saying the buyer for the rigs is backing out. INVESTOR BEWARE HERE!!!! PGIE is up to its same old tricks. Notice how the buyer cannot come to inspect the rigs until AFTER Q 3 is completed.....This is yet another lie created by PGIE to sucker investors into believing in yet another phoney deal.

One thing was brought to my mind today by a fellow investor. There is NO benefit to shareholders if PGIE moves to the frankfurt exchange. THE ONLY PEOPLE WHO BENEFIT FROM THIS MOVE ARE PGIE AND PGIES EMPLOYEES. There is NO guarantee a dual listing will have the same PPS. In fact it is common for dual listings to have very different PPS. If anyone things a move to frankfurt means the PPS will automatically rise to match. They are wrong.