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AOOR has been testing resistance. It finally got some action today. I told people on this forum on some threads about this. Dont know if anybody paid attention, but here you have it. They own alot of shares of EBOF which has been doing 7 % plus for about 5 days now. Aristoentertainment i know my stocks.
weatherbill
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strait from AGBSecurities report on AOOR out today.....
"We are initiating coverage of Apollo Resources International, Inc. with a speculative buy rating and FY 2006 intrinsic value of $2.10, based on the enormous revenue growth reported in F1Q-06, combined with what we beleive to be a significant arbitrage situation relative to their 66% holding of Earth Biofuels, Inc., as well as anticipated market penetration in their core O&G and LNG businesses. AOOR currently holds approximately 129.38MM shares of EBOF with a current market value in excess of $358.4MM. Therefore the market value of that single position in EBOF is worth $2.29/share. At $0.45, AOOR is trading at an 81% discount to the value of its holding in AOOR and 63% below it's own 52-week high of $1.23."
The full report can be had thru an email to research*agbsecurities.com and they will send it by PDF file
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