Ignis Petroleum Group (IGPG)

[True Blue]

Geoff Evett, President and CEO of Ignis, stated, “We are very pleased with the new arrangement, which constitutes an important step in the execution of our ongoing program to restructure the Company’s organization and capital structure. The agreement provides Ignis with valuable time needed to continue with the aforementioned program and explore new investment opportunities.

Evetts strong background in finance is paramount to the recapitalization of Ignis. You either have faith in the mans ability or you dont. Many people will now sell out of IGPG because there was no fast money to be made in their first PR. It may be some time before the company has anything of substance to relate to shareholders so either you hold the shares in anticipation of future positive PR's or you move on.

Once again it appears that the fast money has proven elusive to the TA traders.