Research Pit

[lonestar1a1]

GRGR: Might be interesting...

1. Profitable (rare for a PK)
> 2. Reasonable OS 35 million 11 million float (rare for a PK)
> 3. Lehman Brothers owns 460,000 shares.
> I find this particularly intriguing as I have never seen an
> investment firm as big as Lehman own a PK with decent size if at
all.
> 4. Has several signed contracts.
> 5. Planning to IPO in London (2006)
> 6. Planning to move to a real exchange in the US (2006)
> 7. Will benefit from energy bill and states passing more and more
> green laws.
> 8. Sells wood pellets for Bio-Mass generated power and just as
> interesting to be used in co-firing with coal to burn coal cleaner
> and more effeciently.
>
> From a behaviorist standpoint this stock has everything going for
> it - the .PK status. It is right in a major buzzword arena. Just
> like oil stocks, VoIP, Nano, Fuel Cell, on and on green energy is
> going to be a major buzzword and there will be penny green stocks
> that make it to dollar land+.
>
> I have never seen a PK that I wanted to speculate on so this is my
> first. Essentially unless these guys are just top notch gutless
> liars things are looking good for GRGR.
>
> Some things are confirmed. Obviously the Lehman position is real
and
> no way they are taking a 460,000 position (not sure of their entry
> price) if it hasnt been thourougly checked out.
>
> Recently they hosted a luncheon about green energy in NYC for
> several investment firms.
>
> They have some kind of contract with ENEL (big italian power co)
but
> there are no details. Its a supply contract.
>
> Conference in October in paris where they will speak to
> international coal CEO's.
>
> They received a 6 million dollar order for wood pellets from a
dutch
> company. Company is unamed which is odd.
>
> The one thing I can not determine from the web site is their actual
> specific business. Are they just a supplier buy low sell high or
> actual manufacturer of these chips. I believe they have a facility
> to manufacture but this remains to be seen.
>