from pgne.ob......what would be the ratio....100 svse for 10
pgne?...I feel bad about this investment...I hope I am wrong in my thoughts.I am about 30k in the hole between svse and fdei.
good luck to us longs
Oye! How did svse ever trade at $1.18?? What a wreck now.
How's this scenario for an impending reverse split: I owned 1/2 million media max at pennies a share. It went lower and then reverse split to AMNG.PK. The split was 1000 to 1 which leaves me about 500 shares now. It opened at 3.00 per share and is now down to about 30cents. funny how 150 shares traded brings a downward jerk of 50 cents and more. How is that possible?
What am I missing and is this the future of SVSE??
Yep, I have an Idea on the new shares price/value.
I called FDEI.OB and ASKED.
Why dont you call FDEI, 1-888-894-3334 (toll free)and ask for Mr Marshall the president of FDEI. He can tell you!
He is also a Board Member of PGNE.OB (the buying Company) and so he was directly involved in the 'deal' to sell FDEI to PGNE and he will give u all the details.
Call him yourself, it sure beats "second guessing" what others are posting on this message board.
I spoke to PGNE.OB today they said we will have shares in both companies Silver Star Energy, and PGNE.OB there will be a reverse split but not as much as I thought. He said it could be 1 to 1 or more it has not been worked out as yet. PGNE.OB will buy the both Companies.
...star already split awhile ago ...its been so long ago i really dont pay attn to this piece of chit and u wonder why investors stay away from these feece-bag companies....its what the do....fleece fleece ...wash wash and then they disappear with ur $$$$$.....mfkr's
I am not sure whether or not the SEC will let them do what they are proposing, paying fidelis and silver star shareholders with prime gen stock as a dividend. I personally don't like it. I have run into this scenario before and the SEC has denied it. It does several things that are not quite right. First, it makes the shareholders share the risk in another company that we didn't necessarily want to buy. If I had wanted prime gen, I would buy it. Second, it doesn't rightfully pay for the assets and it leaves the companies virtually asset poor. If they want the assets, why don't they just merger or buyout the two companies? What is left for SVSE and FDEI if they take the performing assets?
I don't believe the SEC will let this fly
I have been through this with other companies, and they always either have a reverse split. Or the new company pays the board and the stock holders get nothing and I was with a Company I did not want to be with. I think the same thing is happening here.