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Get $2 oil stock for 30c! - PMHH.
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[QUOTE]Originally posted by The Owl: [QB] Total PMHH shares 100,000,000 The Parent Company UK GME held 71% at float, i.e. 71,000,000. They increased to 82% in September (when PMHH was $2). The idea is they'd like to be a NASD co. so had lots of brokers looking out for them at $3. It didn't make it because of a jv which didn't take off, naked short sellers coming in, and shell buyers who sold early. Despite this, a fund was buying back end of December I hear. This leaves restricted stock of only 18% which is great because the effect of naked shorts covering, and a load of buys piling in will make this rise very fast indeed. Just need the deal news which is to come this week or next (I understand). ps Despite the jv, the company has plenty of cash, a credit line with major UK bank RBS, and is now trading profitably with current forward orders of $32m rising to a potential $86m for 2008 if analysts are believed... Sales have been upped for 2007. Mr Baer will 'prove' the financial health when he does his report in next two monthsw. Audit has started, and a firm will be retained so PMHH can 'report voluntarily' see RNS. [/QB][/QUOTE]
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