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Re: rstar post# 2297

Monday, 03/08/2010 6:40:34 PM

Monday, March 08, 2010 6:40:34 PM

Post# of 2794
just for discussion/similarity purposes, consider the play i was in PALG. Originally VOXLQ, then DVGL as a shell, then finally PALG. It's all in the old posts on the board there, but 10 years after it went bk then dormant as Voxel, Michael Anthony preps it for sale. Changes name to Dover Glen. It was around .01-.03 range just like VOIG. They announced a 1-85 R/S. That made mostly everyone sell, as it already had low O/S like VOIG, penny players thought a R/S was unnecessary.
After the R/S, DVGL had 99k shares. Very similar situation here, 1-100 R/S, 126k shares.
DVGL was sold and its share price managed by the buyers. The company they became is Petroalgae. PALG under their total control of the float went from high 1.00's to as high as 40.00
During this, PALG officials registered new stock, but have not let that stock into the market/float. Hence it has a high market cap, unjustified in my eyes, but that's because it's share price is 100% MANAGED. This could be similar, hopefully.

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