PGI Energy, Inc. (PGIE)

[TradingGems]

Hmm, I didn't get that from the PR at all. The way I understand it, they're announcing that they're forming a joint venture to ADD a green sector to the overall portfolio, not go strictly green. This is excellent news as it only adds to the future revnue of this company imo. Not a single one of the targets mentioned in the SEC filings say anything about acquisitions of waste refineries that turn trash into fuel. They only mention the oil producing targets as well as the gasoline refinery that has all the vehicles and gas stations as part of the package. That said, the PR today not only told us that they're adding a green energy sector to the company, but also, it told us of yet another acquisition target: a plant to refine certain types of waste into fuel. To me, this PR was excellent and IMO, people just have not yet had the opportunity to fully digest it and its meaning.