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Re: Millenium323 post# 16760

Friday, 08/19/2011 4:02:18 PM

Friday, August 19, 2011 4:02:18 PM

Post# of 28290
Actually if PGIE wants to buy back stock, what they did today is ingenius, buy it back on the cheap with some panic selling, and people believeing that the dillution on sept 15 will cut the price in half, and just wanting to get out now.

Lets say (hypothetical) these guys (PGIE) have been dumping shares at higher levels the last 2 weeks, they could be buying them back here at a pretty good price.

This 1 for 1 stock dividend on sept 15 will keep volume up, and people will want to get in before because of the free shares, like it or not, after the 15th we could see another major dump (by shareholders this time), but not before IMHO.

This will remain very volatile the next month (both up and down), but if we get some good news any PR's etc, it could run again, JMHO.


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