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Think it could be an an oil and gas co again?
Did anyone read the new 10Q? It looks like they missed their first interest payment on Aug 15th.
I'm in. Any news on a new CEO?
Here is an interesting article relating to the hydrogen technology PMGU is using
http://web.mit.edu/newsoffice/2008/oxygen-0731.html
Go to www.investopedia.com
rsi- relative strength index
hod-high of day
macd-moving average convergence divergence
mm- money manager
PMGU (Pro Motors Group) volume exploding. Sell a product called Hydrogen Fuel Assist for $995, that is guaranteed to give you 50% better fuel efficiency. Pretty much the same product HYHY sells but for $9,000 less.
Press Release Source: Hunt Gold Corporation
Hunt Gold Corporation -- Potential Takeover Bid
Tuesday July 29, 1:19 pm ET
Company Confirms It Is Considering Various Offers Which Could Lead to a Takeover of the Company
NEW YORK, NY--(MARKET WIRE)--Jul 29, 2008 -- Hunt Gold Corporation (Other OTC:HGLC.PK - News) confirms that it has received a number of serious offers for the Company, which, if successful, could lead to a buyout of the Company.
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The Company had announced earlier that certain Investment Groups had obtained voting rights over 51% of the Company's outstanding stock. They did not however acquire the actual stock, just the voting rights.
These Investment Groups believed an immediate solution was to resolve the huge difference in the trading price of the stock and the NAV per share was to dispose of the Company's interests in "American Molygold" and to utilize an amount of US$10,000,000 of these proceeds to effect a stock repurchase.
These Investment Groups failed to factor into account that Fortress Financial Group, Inc. held an amount of circa 483 million shares which are now eligible to have their restrictive legend removed and become "free trading," effectively doubling the "free float."
The CEO of Fortress Financial Group, Inc. has elected to play "hard ball" with these Investments Groups and refused to accept a price of less than an amount of 2 cents (US$0.02) per share for their shares of this Company's stock. This effectively kills the planned stock buyback in the amount of US$10 million, and the amount previously planned by these Investment Groups will not now be sufficient with Fortress Financial Group, Inc. "sitting on the sidelines" with a "fairly militant attitude." Fortress Financial Group, Inc. holds an additional amount of 1,363,588,873 restricted shares of this Company's stock.
To compound matters further, the CEO of Fortress Financial Group, Inc. is contemplating further purchases of this Company's stock, at what he views as "bargain basement prices," in the market; thereby increasing his Company's "free trading" stockholding in this Company. He has made it extremely clear that he will refuse to sell these shares at price of less than 2 cents (US$0.02) per share.
The CEO of Fortress Financial Group, Alan Santini, currently serves as Company Secretary to this Company. He has tendered his resignation as Company Secretary with immediate effect, citing conflicts of interest.
There is little doubt that Fortress Financial Group, Inc. has decided to put this "stock into play" in order to obtain the best possible price for their stockholdings and for their stockholders; many of whom received shares in this Company as Stock Dividends from Fortress Financial Group, Inc. Their CEO, Alan Santini, has made it clear that he wants results and fast, and has little to no interest in these Investment Groups' plans for the Company and wants to see immediate and very tangible benefits for his own Company and its stockholders.
The Board of Directors, after seeking legal Counsel, are now of the opinion that unless these Investment Groups immediately purchase these shares of the Company's stock from Fortress Financial Group, Inc., and in cash at the price demanded by the CEO of Fortress Financial Group, Inc., they will no longer continue to enjoy 51% voting power and control of this Company's Stock.
The Board is therefore now duty bound to enter into formal discussions with the various bidders for the Company.
I'd rather go to the Maldives than Tiffany's
Your wish came true, are you going to sell or stick around and watch this run to $1?
I had an order at .0006 how did someone get their .0005 filled?
Anyone have any idea what caused the massive drop today? I just stopped by because AmericanBulls.com gave a confirmed buy signal. Was thinking about getting in.
Over 2 million in volume! Nice to see interest picking up.
America F*CK Yah!
Anybody there??? This baby is running! This is my first 3 bagger!
Hpoe you aren't still short!
Yipppeeeee!
Newbie question. Can someone please explain to me why a company would want to do a reverse merger into a pinkie? Are they able to raise money by going public? Thanks.
Nice volume! EOM
PMGU CEO Steve Palmer was the featured guest on moneytv.net. You can view the interview here.
http://www.emergingcompany.com/program.htm
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I like their new site!
Newbie question! So did the market cap just go from $500,000 to $5,000,000? What is a realistic market cap for USVE?
Just sold updv for a nice 50% gain before buying UVSE at .0165. Hoefully it was a good move.
What or who is DOMS?
Tell people about it on other yahoo penny stock message boards. I already wrote something on the HYHY board. There also lots of blogs that deal with this hydrogen technology that PMGU is using. They might be interested in investing, especially since they already know about the huge potential this technology has.
As soon as people here about it. I convinced two friends this weekend to pick some up tomorrow. Spread the word.
Now is a good time at $.04.
Look at what happened to HYHY.OB
That should happen here once people find out.