Both of those formerly advertised financing agreements required an S-1 filing and PGIE energy has already said they are not going to file an S-1 which doesn't surprise me since they didn't even offer a disclosure statement for their last quarterly report. An S-1 is an SEC filing which would be scrutinized by the SEC.
They are back at square one as far as financing goes (not that they ever made it to square two before).
The lower the share price gets the harder it will be to find financing because their only route would be through private placements or through convertible debt Notes.
The last financial statement for March 31, 2011 already shows this company as being $929,944 in the hole because of loans.
As these salaries due to officers and insiders go unpaid those could eventually turn into discounted shares being issued.
The longer this company exists without any verifiable operations or revenues the bigger the risk of dilution becomes. The death cycle with this company may have already started.
I have seen nothing to show they have anything more than agreements with companies so far. An agreement means nothing in penny land. If you have proof of more than just agreements then please share.
I know you speak to the management team and/or the IR for this company on a regular basis. You put a lot of trust in what those people have to say, but let me give you some advice. Words mean nothing. If I was you, as a shareholder, I would demand proof of what they say. It is only when you have something on paper (and not in a press release) that it means anything in penny land.
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