Understand this.PGYC is corporated in Delware.The Justice Department US Attorney General for the District of Delware will take action when fraud is ongoing.
If you think they will not then look up HCPC now PCSO and see what they indicted the CEO and husband on.If you think that pink sheet companies can get away with anything just look what can happen.
I do beleive that Tony Bisante the CEO/President of PGYC is shooting straight regarding Mr. Desantis.He even issued a press release on April 8,2009 regarding shareholder concerns.
Part of the press release I have posted.
Then if you read the two prior emails regarding this cirrus stunt emails by Desantis it tells me Tony Bisante is going to do everything by the book.I see legal action being filed by PGYC soon against Tectane Techonoliges/Mr. Desantis if it has not been done already.The fact that PGYC has issued the 49 million shares to Desantis speaks volumes to me.
PGYC has tried to honor the leter of acceptance agreement which is binding in IMHO.
"The Tectane team has been unable to get true value for their shareholders in the many years they have been in business and we have managed to turn-around both our company and theirs in a very short period of time and even managed to sell the company, which will greatly benefit our shareholders in the short and long term and also greatly benefit the shareholders of Tectane in the long-term", said Mr. Tony Bisante, President of Patriot Energy Corp. "In the many discussions and correspondence with Mr. De Santis, it was never a question of Tectane shareholders but rather himself personally and how much more shares he could obtain and even requested his shares be registered free trading and this request was denied and we believe this is the main cause for the disagreement", further added Mr. Bisante.
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