got this email alert this morning. Looks like they are starting to move this deal ahead, and would expect more news coming down the pike in the very near future. Float very lite that this could move very quickly.
MicrocapAlert.com Issues Trader Opinion on TGI Solar Power Group (TSPG) Staff Reporter Last Updated: Aug 28, 2009 - 8:23am EST
NEW YORK)-– Microcap Alert has issued a traders opinion on TGI Solar Power Group (OTC: TSPG), a provider of solar energy products and solutions, with a near-term traders target of $0.10 to $0.15 per share.
Summary
The company had been in the dormant state for the past several quarters, but recently the company looks to be moving ahead and showing signs of new direction, and activity. In addition, the company has started the process for audited financials to begin filing with the SEC, and apply for up-listing to the OTC BB exchange. Some key factors for adding TSPG as a new play for Microcap Alert are as follows.
- Only around 80 million shares outstanding - Very low float, fast moving level 2 - New press and business activity - $1 million equity line of credit financing for business plan - Plans to begin audits, up-list to higher exchange
Although still speculative, the low float and recent business and news activity makes TSPG a perfect play for traders seeking a potential 5 to 10 bagger. Microcap Alert sees a near-term traders target of $0.10 to $0.15 per share.
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