SEC Announces Further Trading Suspension

Jack Humphrey, Regulatory journalist
February 27, 2012 /

The Securities and Exchange Commission announced the temporary
suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934, of trading in the securities of PGI Energy, Inc. f/k/a Tensas, Inc., of Houston, Texas at 9:30 a.m. EST, on February 23, 2012 through 11:59 p.m. EST, on March 7, 2012.

The Commission temporarily suspended trading in the securities of PGI Energy because of questions regarding the accuracy and adequacy of representations by PGI Energy in press releases and other public statements concerning the company’s business activities and contracts,
and the nature and timing of a dividend the company announced to shareholders.

PGI Energy is quoted on OTC Link operated by OTC Markets Group, Inc. under the ticker symbol “PGIE.”

 

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