PGI Energy, Inc. (PGIE)

[kajari]

With all the events of the past few months I see some signs that PGIE is now playing the cards of the classic and fraudulent Pump and Dump game that has robbed so many people of their hard earned money. So many people have asked WHY has PGIE gone quiet and stopped publishing PR's and forward looking BS. I can see it as the following chain of events and this is JMHO. PGIE finally realized that their forward looking crap has backfired and no one is falling for it anymore. They hire an IR firm who has been notorious for pumping and touting fraudulent stocks in the past. In order for the IR firm to run a Pump and Dump campaign for PGIE they want to be paid in cash (which PGIE doesn't have) or paid in stock. PGIE has only one option and that is to transfer stock to the IR firm. While the transaction is in process the IR firm instructs PGIE not to release ANY news that will cause an upward movement in the stock price. Once the transfer of the stock to the IR firm is completed they will put together an IR campaign which is written to look as if PGIE is the most incredible stock to come to the market and a writeup that looks like PGIE should be a 5 dollar stock. The day before the IR touts the stock and unleashes an enormous email campaign they will instruct PGIE to post incredible sounding news to the market. Over the course of the next few days the IR firm and PGIE will dump massive amounts of stock into the market and line their pockets with unsuspecting investors and rob every last penny they possibly can take on this last ditch effort to make themselves even richer. This happens over and over again with so many of the penny stocks that are a limited information and non-reporting pieces of crap. They have infested the penny stock market and finally the SEC is starting to crack down on a few of these low life felons. This is JMHO but after seeing it unfold time and again PGIE is starting to look like they are just another one of the thousands of frauds and crooks which plague the penny stock world these days. If they are legit then I will eat my words and be a huge campaigner for the company BUT if I am right I hope that Gandy, McZeal, Doolittle and all these outright crooks rot in the hands of those who will take advantage of them in jail.