Atlanta-based PGi, a company that specializes in online event management, said it is acquiring ACT Teleconferencing for about $44 million in cash.
ACT Teleconferencing, based in Lakewood, Colo., provides audio, video and web-conferencing services. It has has projected annual revenue of about $45 million and operations in North America, Europe and Asia Pacific.
Am I missing something??? there is no buyout, this is an acquisition period...PGI is now the new owner of ACT right??? so whos to say they don't leave it alone and continue being ACT as a subsidiary of PGI, I mean with a projected revenue stream of 45 million I see no need to do a thing and let the company make money...maybe im wrong but I may be right...no one knows what PGI will do with ACTT...as of now I see this as a great speculative play (like all pink sheet stocks are) the only reason the PPS will tank tomorrow is because of the immediate attacks that this stock is a pos....which is completely speculative, unless of course they know for a fact what PGI is going to do and in that case that's insider trading...HDOG im in this with you...the potential here is massive, the only real way to see what is going on here will be to either wait for an 8-k or call PGI...
"GIVE ME YOUR SHARES"
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