Profire Energy, Inc. (PFIE)

[UHCougar]

I understand. Apologize if I misunderstood your post. My simple definition of a penny stock is anything listed on the OTCBB or Pink Sheets. Companies can up-list from OTCBB/Pink Sheets to NASDAQ/DOW but also down-list from NASDAQ/DOW to OTCBB/Pink Sheets. An example of one company currently fighting a down-listing is LEI. So, I believe every investor has their own definition of a "Penny Stock". Based on your definition, PFIE is "in the grey." They were under a $1 PPS for a long time then maintained a PPS >$3.50 for a year, and now they're back under $3.00. So your definition would suggest they're a penny stock.

They satisfied all of the the NASDAQ requirements to up-list during this time. Oil is down 40%-50% since the PPS was above $3.50 PPS. Management made a great decision to do an offering when the PPS was above $4 which has given them amble cash for operations to sustain this period of lower oil/gas prices. In my opinion, they also got the timing right by purchasing the chemical management product line when oil was at $75 bbls. Had they purchased just 4 months earlier when oil was at $100 bbls, they may have paid a higher % premium ($100/$75 = 33%).

Apologize if I misunderstood your post.