The number is $68 million, the details – included in the latest press release from PGI Energy Inc. (PINK:PGIE). The 8K is not included, but this is not exactly surprising, considering the fact the PGI is not among the companies with regular SEC filings. 
There was nothing of particular interest during yesterday session. 18.7 million shares exchanged hands, yet the stock price did not exactly benefit from that. Just another day of decline, the session closing at $0.0021 per share. Still in the sub-penny levels. Has been there since May, and it is uncertain whether $0.01 is possible any time soon, if ever. The session today, however, might at least be one of vivid trading activity. Given, of course, that the latest press release is able to sparkle a hype among investors.
The quarterly report that came in August managed to do that. Yet, did not manage to sustain a higher price. On the other hand, it should be noticed that efforts are made so that the public has at least a basic knowledge of the financial condition of the company. Without the 2 quarterly reports for 2011 and the annual for last year, they are left to look for additional information from balance sheets released more than 10 years ago. [BANNER]
The thing is, press releases tend to come out often these days, but it is not only up to them to bring some stability and growth on the stock market. PGI has a long way to go, if the stock is to reach penny levels again. Restoring confidence is crucial, and it is no easy task given the situation at hand. Possibilities for short-term profits are presented, nevertheless, especially when announcements from the company emerge. In terms, it is a personal choice and risk whether this sounds appealing or appalling to the different types of investors.
