Replies to post #20185 on PGI Energy, Inc. (PGIE)

[kingpindg]

Looks like preferreds require notification...

Rule 10b-17 -- Untimely Announcements of Record Dates

a. It shall constitute a "manipulative or deceptive device or contrivance" as used in Section 10(b) of the Act for any issuer of a class of securities publicly traded by the use of any means or instrumentality of interstate commerce or of the mails or of any facility of any national securities exchange to fail to give notice in accordance with paragraph (b) hereof of the following actions relating to such class of securities:

1. A dividend or other distribution in cash or in kind, except an ordinary interest payment on a debt security, but including a dividend or distribution of any security of the same or another issuer;

2. A stock split or reverse split; or

3. A rights or other subscription offering.

http://taft.law.uc.edu/CCL/34ActRls/rule10b-17.html

[Scooby1]

Like i said, it never works out for shareholders. I have never seen a forward split or a divedent 1for1 ever turn out good for shareholders. It's just a way to keep shareholders at bay so they can continue to sell shares. Sad you guys can't see that.

[Scuba J]

FINRA has a difficult time monitoring the OTCBB market. A lot of pinkies exploit this anyway they can. There are simply too many loopholes for FINRA.

[PLAYER ONE]

preferred share are only handled by the company. The T/A only handles common or if any other type of share they must be registered for trading. The company has complete control over preferred.It is also the company that takes back the preferred and cancels them, issues a legal opinion and then a T/A will issue the common.The T/A never gets the preferred and then issues common.