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Re: pickingallthelosers post# 25378

Saturday, 01/07/2012 7:30:17 PM

Saturday, January 07, 2012 7:30:17 PM

Post# of 28290
Has anyone reviewed the acual requirements that a company has to meet to be listed on the FSE (Frankfurt Stock Echange). PGIE does not meet the basic valuation requirement of 500,000 EURO / 637,000 US Dollars. How are they going to have a professional accounting valuation of the company when they have absolutely NOTHING to even support a valuation of $100K. They have no assets, they have no revenues, and the Market Cap on OTCBB is barely over $400,000. How is PGIE going to have a professional accountant justify a valuation of over $600,000 unless PGIE has been hiding revenue, hiding closed deals, hiding verifiable contracts, etc. They definately are not going to get that kind of valuation with only two leased trucks, office furniture (that is probably rented) and absolutely no assets. UNLESS, as I stated before, that PGIE is hiding revenues, closed contracts, and assets from the general public. Why would they do this?????