PGI Energy, Inc. (PGIE)

[dcool1]

a better way for them to have accessed working capital would have been to sell preferred stock, which would not have immediately effected the common stock share structure. it could have had terms of 60 months with interest being paid to the holder.

that would have been a much better approach than diluting the common stock holder by dumping shares into the open market.

the only solution now for pgi is to reverse split. i know its sucks, but in the long run it will be better for all of us. that is, if they restrain themselves from beginning the whole dumping process all over again. when that happens, its a scam for sure!