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zinn21

11/08/09 4:21 PM

#201 RE: watchnsee #200

Watch, I know exactly what you are saying. I did a tremendous amount of DD on this company and can only tell you that a few characters previously associated with this company have a very shady past. One in particular was a primary shareholder, William Marshall Scott, who no longer is reported as a major shareholder.

PGNE was one of those reverse shell mergers and perhaps Scott was a residual remainder of the old regime. With Scott out of the picture I find nothing unscrupulous with current management other than they were very unresponsive and not current on Financials or investor concerns. With the submission of their quarterly report, a responsive investor relations and current "Good Standing Pink Sheets" status, I can only conclude that this is a start up who hit the "Black Gold" mother lode and is currently a highly undervalued spec stock with tremendous upside potential. Where can you pay pennies a share with verifiable numbers this company reported? This is a Strong Buy...