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Monday, February 28, 2011 3:13:23 PM
1. Its a reverse merger if done right they can have awesome returns. At this point they seem to being doing everything right.
2. The management group at PGIE seems to be highly experienced in obtaining financing. They have established two loans for 100 million each. One being AGS Capital Group.
" AGS Capital Group invests in public companies listed on most exchanges. They perform fundamental analysis including credit risk, technical analysis of market trends and industry, evaluation of management team experience and corporate structure evaluation."
3. They are focused on purchasing proven producing oil and gas fields at a distressed price. PGIE has done there first transaction a 50% JV with Osyka Resources, LLC.
In my opinion this is just the beginning of bigger things to come. Now that the split and name change has taken place NEW investors now don't have to worry about there shares being in limbo. If the next PR is an acquisition you can expect big money to come in and at that point will be on the radar!
GLTA
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