Replies to post #16455 on PGI Energy, Inc. (PGIE)

[Kristallweizen]

PGIE daily chart

PUMP AND DUMP, next PUMP coming..?

[dcool1]

a dividend is a money transfer? i dont think we'll be getting more shares, yet a piece of the profit in the form of a cash creidt amounting to the price of 1 share as of sept 15.

i cant imagine them being dumb enough to dilute the market with twice as many shares.

i could be wrong. this is the first time ive seen a company offer a 1-1 dividend cert.

[sevenOdouble]

I'm no expert, but if the O/S doubles and your shares double than this is a 0 operation, or am I seeing this all wrong?
They didn't increase the A/S to enrich themselves as some have said!

[kingpindg]

If this info is correct, then...

authorized and outstanding will both double as well. 4B outstanding?!? They sure better hit on one of those oil sales contracts, because I don't see any way their other JV's can support this by end of Q3.

Perhaps it is obvious, but when a company splits its shares, the number of authorized shares and the float are both affected by the split. For example, if a large company had 100 million shares authorized and implemented a 2 for 1 split, then after the split the company has 200 million shares authorized. Their float also doubles.

http://invest-faq.com/articles/stock-outstanding.html

[JohnCM]

That doesn't make any sense. I missed 4 pages of posts. Anyone mind summarizing what this 1 for 1 stock dividend means and why? Thank you!!