Attached files
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8-K - FORM 8-K - PGI ENERGY FUND I SERIES-2010,INC | d8k.htm |
Exhibit 5.1
GREALISH & MCZEAL
A Registered Limited Liability Partnership
ATTORNEYS AND COUNSELORS AT LAW
1200 Rothwell
Houston, Texas 77002
Telephone (713) 236-0639
Facsimile (713) 223-3331
www.grealishmczeal.com
From the Desk of:
Marcellous S. McZeal
mmczeal@mgmtxlaw.com
August 26, 2010
Via Hand Delivery
PGI ENERGY FUND 1 SERIES 2010, INC.
7322 Southwest Freeway, Ste. 1100
Houston, Texas 77074
Messrs:
The above law firm acts as corporate counsel for PGI ENERGY FUND 1 SERIES 2010, INC., a Texas Corporation (PGI). On August 24, 2010, PGIs S1 registration statement became effective without comment from the SEC. However, it came to my attention that the SEC has some issues with some aspects of the effective S1 registration statement.
In an effort to work with the SEC, I recommend filing an 8K announcing the suspension of issuance of the free trading shares of PGI until we receive comments from the SEC. Further, I recommend the 8K inform prospective investors that PGI will not offer free trading shares for sale until PGI files a post effective S1 amendment addressing the SECs issues and until the SEC clears the issues and or comments.
This opinion is offered to address any concerns the SEC maintains about the current registration statement and protects PGI from any potential liability by prospective investors.
Thank you for your attention to this matter. If you have any questions or concerns please contact me at the number listed above.
Respectfully submitted, | ||
GREALISH & MCZEAL, LLP | ||
BY: | /s/ Marcellous S. McZeal | |
Marcellous S. McZeal |
Cc: | File |