The PennyShac

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Awhile back SEGB was featured as a buy at 1.10 by ToshacH on this board. The stock immediately ran to an intraday high of 2.80 and has since settled into a trading range of between 2.20 - 2.50. What is interesting is the insider buying, check www.insidercow.com and you will see that the parent company (owns 84% roughly 14.3M out of 17.3M shares) and has been buying almost daily in this range. The parent trades (TSX.V:CPT) and has also enjoyed a nice recent runup and also consolidating and will probably run again as tomorrow is .70 warrant expiration day from a previous .60 financing. As stated in the last few press releases and the reason for the interest is an RTO/ Merger with one of the largest and #1 ranked media investment companies (Sun Media) in China. The intention is a listing on the Nasdaq NM by this summer and all agreements have been signed. Check into it folks as this could be another SINA, or SNDA in a year or two! Sun Media did USD$272M in rev's last year, have no debt and are growing quickly thru aquisitions. For more info click on http://biz.yahoo.com/pz/050404/75626.html