If you do a Bing satellite map of the area where the pipeline is you'll see several drilling pads. Definitely looks like an attractive area to have a pipeline.
its very speculative imo anything is possible but this is one I would put in the highly unlikely to have a happy ending category if its being based on business activities: maybe it will trade higher on promotion stint but I dont think the companies business plans will land shareholders any significant finanancial gains- again jmo
pipeline is listed as an asset of 300,000 on recent financial statement with almost 0 cash on hand- almost all value listed is shares outstanding which keep increasing
financing would require S-1 Filing to be filed- see note:
The company also secured a $5 Mil. equity line agreement with AGS Capital Group, Inc. which may be utilized, if and after, successful filing of a Regulation A offering or S-1 registration statement I think the financing referred to is nothing more than a teaser and financing is being done and will only be done the way it has since the company has started under new management and that is via dilution.
If you were management and had a valuable ..lets call it undervalued pipeline would you increase shares 20 fold before selling it or would you seek financing available and maintain the lions share of shares for yourself?? S-1 Filing required for financing and Mr. McZeal was unsucessful getting an S-1 approved with PGI Energy and their is nothing to suggest he will undertake or have any luck getting an S-1 approved here especially since PGI is under ongoing investigation it makes it rather difficult from what I gather. I think this is simply a pinksheet that can be traded and it will end with very little ever being accomplished for shareholders but maybe somebody will benefit.. (who could that be?? )
Marcellous McZeal Mr. McZeal is a proven leader, litigator and father of two and is very well known and respected in the business community. From 2000 - 2010 he was a Managing partner in the law firm of Grealish & McZeal LLP in Houston, Texas. Mr. McZeal attended Southwestern University, Georgetown, Texas, where in May 1991 he earned his B.A. Degree in Finance and Business. He then set his sights on the South Texas College of Law, Houston, Texas, where he excelled and earned his Doctor of Jurisprudence Degree. By May 1995 he was admitted to Texas Bar, U.S. Court of Appeals for the Fifth Circuit, U.S. District Court for the Western Districts of Texas and Southern District of Texas- I dont see mention of PGI Energy a previously failed company in which he was the CEOIt is one of the most recent on his resume and its not even mentioned? If the pipeline is ever lucky enough to sell it will be sold at an undiclosed price and shareholders will be left speculating.
I just dont think a shell/pipeline is so valuable that it is bought for an undisclosed price and later sold for massive profits with pretty much O Employees a virtual office and shares growing around 20 fold with almost no signs of business activities except for a listing of the asset for sale... maybe they will put something positive together and for everyones sake I hope they do but based on past experience this is screaming dilution and lack of real business plans so if its being held long term the .0017 is low but 0 is lower GLTA
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