Replies to post #23838 on PGI Energy, Inc. (PGIE)

[dcool1]

those institutional investors bought shares from the company at a discount, which paid for company expenses. those shares were then dumped into the market, so YES, pgi in a sense did sell us shares, just not directly.

the management my have not taken salaries, but the 20 plus other employees did, which adds up to at least $300k to $500K per quarter. not to mention rent, insurance, and other company expenses.

[kbatl]

Can you ask them why they haven't corrected the mathematical errors in the projections? I've sent a couple of emails and never hear anything. At least they can fix that...

[JohnCM]

Good work Joe ... keep it up.

[kbatl]

Yes, play on words once again. Secondary trading doesn't go to the company. We all know that. But when they release the a/s into the market... Remember the replies to the question if they were diluting month ago? Always said "management wasn't selling". never acknowledged that the company was diluting.

[Demetriskelly82]

They say your posts are not beneficial to shareholders lol um the price couldn't get much worse no matter what anyone did. You have been their main supporter they owe you correct info and us.

[ChitForBrains]

They must own the institutions of the instutional investors or they would have lost control of the company.

That kind of dilution is played at WMNS too (where the main owner is the lender too, keeping control and diluting shareholders).

But if that were the case those intitutions dumping shares would cause them to loose cnotrol.

In other words, they can't make these moves without a directors meeting.

I guess they think we're stupid. I guess they're right then, we're holding potato bags hoping the water still there when we get home. It's a little moist but not enough to mess with.

Moses needs to strike the rock with his staff for us. Let the waters flow.

[amschip]

""""""No one blames shareholders for the state of a startup company. But you are sadly mistaken to think secondary trading pays salaries. Secondly, management has not be paid their contract salaries since they started. Do the math you have seen the finds. The full staff salaries would have been over $2.5 mil, you have seen the contracts. Personal loans, institutional investors have funded our company operations. The company did not sell you a single share. Maybe you will have a change of thought soon.

If they really believe in the company they would have paid themselves in preferred shares to be cashed out in the future. That is what companies do all the time to prevent rapid dilution of common stock. Some even convert their common restricted into preferred too. So what does that tell us? That the management didn’t think about that or that they simply want a quick way out in case something bad happens?

Also they sold more than $2.5mln worth of shares so I call it a BS... Unless of course they paid institutional investors in discounted shares which were dumped on unsuspecting shareholders in which case I would prefer PGI dumping them instead. At least they would get full value instead of a fraction...