Financial Gravity Companies Inc. (FGCO)

[fast.money]

Keep your eyes on $POIL for bounce play. Great recent $POIL news - Pacific Oil Company Receives Court Approval for Previously Announced 67 Oil Well Acquisition Located on 9 Canadian Heavy Oil Properties

http://finance.yahoo.com/news/pacific-oil-company-receives-court-124500444.html

LAS VEGAS, NV--(Marketwired - May 12, 2014) - Pacific Oil Company ("Pacific Oil") (OTC: POIL), is pleased to announce that its bid to purchase 67 wells located on 9 properties has received approval from Court of Queen's Bench. This approval was required as the assets are being purchased out of bankruptcy at a significant discount to market.

Ed Loven, Vice president of Pacific Oil, said, "The court's decision to allow this purchase to take place is great news for our company. The path is now clear for the deal to be completed which in turn will immediately increase our company's overall value by adding to our portfolio significant assets, production and revenue. As previously stated we plan on working the projects in close proximity to existing assets and divesting for profit those assets that would be more valuable to other companies."

Now that this final regulatory hurdle has been met, Pacific Oil is in a position to close the transaction this week. A press release will be issued once this is complete.