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Sunday, December 06, 2009 8:59:53 PM
From gusherstocks.com:
Zenergy International
Symbol: ZENG
Current Price: $0.026
Snapshot - "ZENG is a global biofuel solutions provider which works to deliver biofuels at a competitive price, focusing on sustainable resources. The company is engaged in the development and acquisition of biofuel sites, including constructing, acquiring existing facilities and operating fuel-grade biodiesel and ethanol plants. ZENG just announced after the bell on Friday, December 4th, the successful completion of the acquisition of Greenlight Biofuels Ltd. With this acquisition, ZENG has invested in an operation capable of producing five million gallons per year, along with a vast amount of land, providing considerable room for expansion. ZENG moved 19%+ on Friday and is gaining a solid amount of momentum in its current uptrend. We could see a big week ahead for ZENG!"
According to the acquisition PR on 12/4, ZENG's Greenlight Biofuels Ltd. is strategically located on the transport corridor, close to a number of transport fueling depots, providing a favorable environment for significant local revenues. Zenergy International has developed a robust, proprietary, and proven technology capable of processing a variety of feedstock.
"Zenergy International's biodiesel facility acquisition strategy is now fully underway. The acquisition of Greenlight Biofuels, along with the other acquisitions anticipated, will serve to considerably broaden our total addressable market from a global industry perspective," stated Robert Luiten, Founder & Chairman of Zenergy International.
ZENG has secured feedstock from two different suppliers to continue operations and facilitate extensive production in Littlefield, Texas.
ZENG made an important step on August 11th when they announced the completion of the retirement of 800 million shares of authorized common stock.
"With this reduction in shares we have finalized our capital structure transition, and can proceed as an organization with the further development of our business. The Company will continue to provide complete transparency to our shareholders, as we embark on negotiations with possible acquisition candidates, potential joint venture partnerships, and enhance the organic growth of the Company as we proceed," stated Robert Luiten, Founder & Chairman of Zenergy International.
ZENG is in a solid uptrend with its ADX(14) uptrending and now at 25.81. ZENG has moved higher the past seven trading days and is close to its recent short-term high of $0.029 reached on 10/22. Before that, ZENG traded as high as $0.04 on 8/31.
We could see ZENG have a major move this week. ZENG is coming onto a lot of investor radar screens. ZENG's volume last Friday was its most since October 30th.
The Zenergy International Website is at www.ZenergyIntl.com.
Keep up to date on ZENG within our Stock Hub and this Stock
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