3SOF

12/14/2005  6:53 PST

Added 36k @ 68 , news will be out any minute now. See u @ $1.50 weekend

GLTA

We are beginning to move

Let's see

12/15/2005  11:10 PST

Nice accumulation this morning !  Great news be out any minute now !

http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?t=PRGX&range=0&mgp=0&i=3&hdate=&x=17&y=12


GLTA

I,m back in with 15000 at $0.66.
Ok, let's wait for the NEWS.
GLTA,
Gielda

The Deadline is today - December 15, 2005

Thanks tollsname from yahoo MB.

13D forms updated ontime
by: tollsname
Long-Term Sentiment: Strong Buy    12/15/05 04:51 pm
Msg: 12166 of 12166

That is very very important indication that the bondholders and the company is very actively working on the $10 Mil loan.


Dear Mr. McCurry:

Reference is made to (i) the commitment letter, dated as of November 28, 2005 (the "COMMITMENT LETTER"), addressed to PRG-Schultz International, Inc. (the "PARENT") by each of Petrus Securities L.P. ("Petrus"), Parkcentral Global Hub Limited (together with Petrus, collectively, the "PETRUS ENTITIES"), Blum Strategic Partners II GmbH & Co. KG. ("BLUM") and Blum Strategic Partners II, L.P. (together with Blum, collectively, the "BLUM ENTITIES" and, together with the Petrus Entities, each a "LENDER" and collectively, the "LENDERS") and (ii) the Term Sheet (as defined in the Commitment Letter). Capitalized terms used herein shall have the meanings set forth in the Commitment Letter.

The Parent and the Lenders desire to amend the Commitment Letter and the Term Sheet to (i) extend the effectiveness of the Lenders' commitment until December 15, 2005 and (ii) increase the aggregate principal amount of the Financing Facility under the Commitment Letter from $8,000,000 to $10,000,000 (the "INCREASED FACILITY AMOUNT"), and the Lenders have agreed to extend the commitment period and increase the Financing Facility, upon, and subject to, the terms and conditions hereinafter set forth.

GLTA,

Gielda

Since the deadline is today, is there any chance the other news will ever come out tomorrow?

Quote from: peter333 on December 15, 2005, 06:14:40 PM
Since the deadline is today, is there any chance the other news will ever come out tomorrow?

I hope we'll get the GOOD news tomorrow or Monday.  And I hope the market won't overreact to this notice, seeing how everyone should have seen this coming.

Quote from: peter333 on December 15, 2005, 06:14:40 PM
Since the deadline is today, is there any chance the other news will ever come out tomorrow?

The Delisting Notice by itself may scare some people ,but IMHO it should recover.
I'm not sure if they will have to post the news (new bridge loan or lack of it) tonight, but I believe this news  should be out tonight or by tomorrow morning.

GLTA,

Gielda

12/15/2005  17:15  PST

Thanks for the update post, Folks.

Nothing to worry about this delisting notice. Folks,  everybody knew it .

PRGX could be back to $1 level within a hour, if any good news released .
I believe the Bridge finanicing deal finalized already today.

This great news should be out  in premarket tomorrow morning.

GLTA

12/16/2005   5:25 PST

8k  is out, good news  for PRGX. Just give them 2 more business days  before PRGX complete
the Bridge financing deal.

Amendment to Extend Financing Commitment

On December 15, 2005 PRG-Schultz International, Inc. (the "Company") entered into an amendment to the financing commitment letter dated November 28, 2005 with Petrus Securities L.P. and Parkcentral Global Hub Limited (the "Petrus Entities") and Blum Strategic Partners II GmbH & Co. KG. and Blum Strategic Partners II, L.P. (the "Blum Entities") that extended the commitment to December 19, 2005.

The Blum Entities are beneficial owners of the Company's common stock and 4 3/4% Convertible Subordinated Notes due 2006 (the "Convertible Notes"), and they have the right to designate a member of the Company's Board of Directors and to have an observer present at all Board meetings. The Petrus Entities are beneficial owners of the Company's common stock and Convertible Notes. The Petrus entities and affiliated entities of the Blum Entities serve on the Ad Hoc Committee of holders of the Convertible Notes to consider strategic alternatives relating to the Company.



http://biz.yahoo.com/e/051216/prgx8-k.html


GLTA

Thanks cc,
Looking at the AH and pre market not much movement. The 8K helped to control the "panic".
What is your take on today's trading?
GLTY,
Gielda

*DJ PRG-Schultz Gets Extension For Financing To Dec. 19    

12/16/2005
Dow Jones News Services
(Copyright © 2005 Dow Jones & Company, Inc.)



(MORE TO FOLLOW) Dow Jones Newswires

12-16-05 0640ET

Copyright (c) 2005 Dow Jones & Company, Inc.

DJ PRG-Schultz Gets Extension For Financing To Dec 19 >PRGX    
- WASHINGTON (Dow Jones)--PRG-Schultz International Inc. (PRGX) said it entered into an amendment to its financing commitment letter with Petrus Securities L.P., Parkcentral Global Hub Ltd., Blum Strategic Partners II GmbH & Co. KG. and Blum Strategic Partners II L.P. that extends financing to Dec. 19 from Thursday.

According to a regulatory filing with the Securities and Exchange Commission Friday, the Atlanta-based provider of recovery audit services said the Blum entities are beneficial owners of PRG-Schultz International's common stock and 4.75% convertible subordinated notes due 2006.

Also, PRG-Schultz International said the Blum entities have the right to designate a member of the company's board and have an observer present at all board meetings.

The company said Petrus Securities and Parkcentral Global Hub are beneficial owners of PRG-Schultz's common stock and convertible notes.

PRG-Schultz said Petrus Securities, Parkcentral Global Hub and affiliated entities of the Blum entities serve on the ad hoc committee of holders of the company's convertible notes to consider strategic alternatives relating to PRG-Schultz International.

-By Gee L. Lee, Dow Jones Newswires; 202-862-1346



(END) Dow Jones Newswires

12-16-05 0734ET

Copyright (c) 2005 Dow Jones & Company, Inc.


MarketWatch
Copyright © 2005 MarketWatch, Inc. All rights reserved. Please see our Terms of Use. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.

News provided by Dow Jones NewswiresSM, PR News Wire™ and Business Wire™. Dow Jones Newswires is a service mark of Dow Jones & Company. PR News Wire is a Trademark of PR Newswire Association, Inc. Business Wire is a registered trademark and service mark of Business Wire.

GLTA,

Gielda

12/16/2005  6:20 PST

Morning  qielda,

Thanks for your post, regarding today's movement of PRGX.
I think there is strong support @ 0.60 and from here we should going up to 0.70 or so
before any good news released.

GLTA

Thanks cc and GLT all PRGX investors.
Gielda

12/16/2005  7:45 PST

Folks,

Next Monday or Tuesday ,we'll get our early Christmas gift from PRGX.

Thanks Gielda and everyone who plays PRGX with me.

Have a nice weekend ! 


GLTA