Replies to post #345 on Perfectenergy International Ltd (fka PFGY)

[rrufff]

Here ya go. If it works out, $PFGY is very undervalued

Note 15 – Subsequent Event


On June 2, 2011, Tianjin Zhonghuan Co., Ltd. (“Tianjin Zhonghuan”), an A-share listed company in China’s Shenzhen Stock Exchange announced that its Board of Directors approved the purchase of shares of the Company’s common stock for an aggregate purchase price of not more than $6.3 million. Upon closing, Tianjin Zhonghuan will own a 35% stake in the Company. A definitive agreement has not been entered into, and the Company is in negotiations with Tianjin Zhonghuan to enter into a definitive agreement for this sale. There is no assurance that the sale will be consummated.