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Author Topic: Get $2 oil stock for 30c! - PMHH.
The Owl
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We'll you've had the benefit of an Owl's wisdom.

This is my last post for a bit. I'm sitting tight on my position.

Very good news is to come shortly for those prepared to do their research on GME & PMHH. It may be as soon as next week.

I'll leave someone else to start a new thread, or you can follow the amazing story on www.advfn.com

DYOR - best of luck all.
Bye for now.

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The Owl
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Lots of people in UK think there's a takeover on the way...

DYOR on this, but it would certainly make sense right now.

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Foxhound
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So GME is this stock here correct? http://www.stockta.com/cgi-bin/analysis.pl?symb=GME

The owl what is the one you purchased? I believe it is GME but am not 100% certain.

If so I think I will definiatly go in on some of this stuff because it really does look good.

Cheers!
-Fox

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"The only thing better than Vegas is the Stock Market."

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Foxhound
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Ah I'm sorry I figured out that isn't the stock.

The Owl what stock did you buy? I am not certain. I have searched PMHH and it may be correct?

Not sure.

-Fox

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"The only thing better than Vegas is the Stock Market."

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The Owl
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Fox

No, it's GME on the UK stock exchange GME.L should do it for you. If not, try www.gmeplc.com.
It's not a good website, but will give you the links.

Only c20% of Global Marine Energy (GME) left! Now 60% held by 10 or 11 institutions with 27M shares since start of 2006.

GME Stock hit 25p today - 8% up today (67% above low for year).

Breakout happens above 30p. Orders are to be announced, and might be something bigger watching late Friday action, so could happen within days - at which point PMHH will be an even bigger discount to it's parent. People will cotton on soon enough.

When it happens, judging from comments here, looks like I'll be the only one to notice.

Hope this helps - best of luck.

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jordanreed
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zero vol.... zero in two days!!!

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jordan

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daytrader1
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owl..have you ever tried to call/contat PMHH? can you provide us with info on what they had to say as to why they dont have a single PR while in january, they had a series of them? also, did they say they arre going to release any in the recent future?

Thanks

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The Owl
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Daytrader1

Yes, I have the answers to your questions and have emailed PMH several times about this towards the end of last year & early this. They are fixing the situation.

Their agency was Capital Group (see www.capitalgc.com). You can email the President as I did for info on why the share dropped and whether PMH have anyone now. I'm pretty sure they don't.

I wasn't expecting a response, but he did email me to explain the situation wrt naked shorts and IR etc. Give it a go.

They had an excellent PR/IR rep called Kelly Granite who unfortunately left to set up her own business. She is in discussions (so I understand)with a view to doing IR for Patriot again - this time privately. This should be in next couple of months.

One of the reasons the PR/IR hasn't been sorted out is GME (The parent) own 82% of the stock. They will shortly (possibly already!) know what PMHH is worth from the work by Mr Baer CFO & external firm.

They want the stock low so they might be able to buy more!, and also so they can do what they want when it comes to a takeover/merger situation. Strangely enough, the lower the better as if GME use their stock to swap for PMHH, both stocks reduce in number - so has same effect as a share buy-back. This will help particularly GME to rise, so you can see the IR question is an interesting one!

If you want to know more, why not email michael.padley*bankside.com? He is the UK IR/PR and they're trying to integrate both. He will respond if you email or phone him on:

Michael Padley / Susan Scott, Bankside Consultants 0207 367 8888

Or if you want, email the Broker

Adam Westcott, Noble & Company Limited 020 7763 2200

All these guys are very helpful & 'normal' people, though obviously they cannot divulge non-public info. They are regulated by AIM rules, and if you have any complaints (which you won't) you can ring the LSE's AIM team who will sort out any issues directly.

Hope this helps.

(ps I have not bought PMHH today, but did increase slightly on GME by 5,000. Once the discount increases iro PMHH, I'll be buying more PMH as I have 18,000 to go to the full position I desire. I'm expecting to do this during May, & before the end of June when the results come out).

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elfstroman
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O2Desiel, (OTD), look at this stock for today or tommorow. Slow Stochastic, MADC. They predict a substantial rise. Do you guys think the present energy crisis is going to drive this stock and its competitors for the next few years?

hope this helps

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The Owl
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PMH put equipment on new rigs, and bring different components of a project together. (see Keppel order which is NOT a scam!)

Given backlog of new rigs & shortage of staff & equipment - yes definitely.

I think Ethanol, wind & others will rise too. However, they are very much 'future' needs. Oil is needed right here, and right now and is much harder to get - hence new equipment needs building
and old equipment needs repair.

Did you know only 4% of Chinese own cars?!, yet China is fastest growing economy.Oil & rig rates have a long way to go yet.

It's all about demand, so PMH is a commodity play really (as is OTD I guess).

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The Owl
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Difference is OTD doesn't have an investor list of 10 blue chip institutions with 60% of stock near current price, and a chairman who's invested £1m in stock...

PMH is a 'no brainer'.

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The Owl
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Spreads gone 12-55, 12-75 after hours!

Something's about to happen.

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The Owl
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A little gift from today's Energy & Capital.


A Bad Moon Rising

On top of failing to replace their reserves, the oil and gas producers are facing sharp production declines from their existing wells. In order to keep afloat they need to increase production to meet global demand.

Now in order to increase production, these petroleum firms must construct new wells in reservoirs known to contain oil and natural gas.

The problem is that these companies need drilling rigs to bore holes to find and develop the oil. But, generally speaking, oil and gas firms don't own them. So, they have to contract companies that do. And if you happen to be an oil and gas drilling company right now, you're in a pretty good position.


You see, nowadays there are so many producers interested in drilling right now, that there's a scarcity of drilling equipment.

This has led to massive increases in the rates the offshore drillers can charge each day.

According to ODS-Petrodata, an industry leader that provides market intelligence to the upstream offshore oil and gas business, the average day rate for a jack-up rig in West Africa in November of 2005 was $92,500 per day.

By March, 2006 the day rate for this class of rig had jumped 46% to more than $135,000 per day.


Similarly, day rates for heavy-duty jack-up rigs in the North Sea rose 42% from about $171,000 per day to about $243,000 per day from in the same period.

And from here on out more rate hikes are expected.

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The Owl
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A tiny 1000 *32 purchased at close. My trade still to show.
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The Owl
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No trades on PMHH, but starting to rise with 25,000 - 3x av vol, and spread is closest for 3 weeks.

May be the only one posting - not the only one buying though [Smile]

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The Owl
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Patriot exhibiting next week, 1-4th May

http://www.otcnet.org/2006/

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The Owl
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Volume's increasing on some big trades.
Now 61,000 during the day & 12 trades

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The Owl
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Keep this on a watch-list....news imminent next week, and into June. we should see a steady rise on this well established company with excellent orders.

35c was rejected as a sell price today, and MM's looking to 27/51 tomorrow based on after-hours spreads. Had you jumped in on my first recommendation at 20c, things would be looking good. Still early days though, and very near a '3rd watch' breakout level of 45c.

14 trades & 63,000 shares shows some people are starting to do their research, getting the picture, and realising timing is perfect - given news/results/ financial proof of PMH value etc.

Buying now, and holding till September interims are published should give an excellent risk/reward at these prices.

10 Institutions on board holding 60% of GME - the parent and 83% of PMH stock held by GME company says this is a very 'safe' stock to be in right now.

Not much buying is needed for this to go into orbit on just 17% restricted stock

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The Owl
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25x av vol! 43 trades & 143,000.
Jordan/Mickey are you with me and joining in yet?
Next level is to break 60c - 9c short of high today. The party's not even started - should do around 75-80c mark where shorts will have to start covering.

Mr Baer's report will show Patriot are worth $2+.

Co. will shortly be asking for the scam email's to be removed from Google search as they're totally untrue. This is a real company with established management and 10 instis owning 60% of parent stock!! How can the company be a scam?

PMHH will be 'networking' more deals/packages with existing & new clients from monday at:
http://www.otcnet.org/2006/

There will be new work from this, as well as news from recent China/Korea visits soon.

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The Owl
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These are comments from Wood last year, & 31 March analyst research. This is why Patriot are doing so well. Note Mr Gibson is GME's FD. Mr Baer is PMH FD - why do they need 2 in last 4 months? You may well ask...

Mr Wood: 2 June 2005

'Overall the business is performing well, particularly Patriot Mechanical
Handling which is seeing record enquiry levels, and we remain confident of
achieving our turnover target of £15 million for the current financial year'


Edison: 31 Mar 2006

'We have downgraded our estimate by £1M to reflect problems NIM had shipping out high volumes of product in Q4. These deliveries will now come in 2007 figures.
In addition to NIM's tight schedules, delays caused a completion miletone to be late on a Patriot contract, so profit on this segment of turnover will not be booked until 2007'

My comment: £15m was the target. Analysts thought £13m, now £12m - I can live with that. OK, so we miss a very ambitious target by 20% for this year, and see it next interims & £21M current estimate for 2007. Still £12m is c4x last...

Edison: 31 Mar 2006 'Higher Deliveries on Increased Order Book for 2007'
GME's restructuring & refinancing look to have established it with customers as a credible 3rd player in the offshore mechanical handling sector. This and the buoyant investment climate in the offshore industry, is reflected in the jump in order book from £11.5m to £19.4m over H2. We also note that potential orders last November were £11m, which have all been subsequently booked. Currently potential multi year orders are sharply up at about £50m.

Financing - we feel that the events in the last 6 months have addressed our concerns on the strength of demand and financial restructuring. While the appointment of Andrew Gibson as FD ensures the systems to manage growth are put in place....

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The Owl
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http://www.otcnet.org/2006/

Starts Today!
Expect orders from this networking exhibition soon.

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The Owl
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Very positive email from co. to say announcement very soon.
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The Owl
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Good volume again.

Still in breakout mode & ready for next thrust up.

2-3 days to go - keep on your watchlist.
Will post any order news here too asap.

Not many more opportunities (maybe coupla days worth if vol gets low or early sells) to get in under 50c.
GME still think PMH is worth the $2 they increased their stake last Sept 2005, and will prove it by end June. Audit report is being written now.

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The Owl
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Had anyone bought on my first 10 April post, be sitting on a

45.16% profit at today's best sell price - that's less than 1 month on a quiet OTC stock!!

But I've not sold a single Patriot share...indeed today the smallest trade was mine. I'll be building bigger soon when funds become available, but want first to check, & wait for the order news to arrive.

There's a lot more to come with GME results, China/Korea orders & tit-bits from exhibition/deal conference happening now plus CFO proves PMH worth in a month or so.

This will trend very soon & very far $2+, maybe as far as $3 depending on what audit says.

How can a company which went into profit last quarter, getting $12.4M deals with Keppel Fels (worlds biggest) and order book of over $35m, plenty of cash in the booming offshore oil market with soaring rig rates, and plentiful supply of work for their 3yr business plan be worth 50c!! - an undiscovered gem.

www.patriotmh.com
www.gmeplc.com
http://www.otcnet.org/2006/

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The Owl
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Rig rate info which directly helps PMHH, and reason why they don't need more staff, lots of extra orders to make more profits.

http://www.ods-petrodata.com/opd/indices.jsp

Analysts expect PMH to turn c$36.6m by Mch 2007. They say potential multi-year orders '...sharply up up at £50m ($91.50m)..'

- and PMH costs just 45c.

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The Owl
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http://www.growthcompany.co.uk/market-research/people/25269/new-goals-for-wood.t html
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The Owl
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Dunno what's going on but people are piling in here!

Yes there's an exhibition, yes CFO will say it's $2 but why are so many buying in last 5 days?

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The Owl
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News from UK. Shroders who bought 10.10% 4 weeks ago have added another 1%.

This is simply too good to be true! London AIM stocks do not have over 60% take up from 10 institutions just on basis of sales!!

Both GME & PMHH are known to be very undervalued. A buyer will take them both out before you and me find out their true worth in June.

GMRE received 2 offers of £25m a few years ago. It's worth a hec of a lot more because of PMHH but the share price is very low.

Do your Research.

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The Owl
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Here's the RNS for GME - PMHH's UK parent co.
Why are the big boys buying GME instead of PMHH?
Simple. GME own 83% of PMHH so there's no way they could get a controlling stake unlike on GME where 10 instis already own over 60%.


Global Marine Energy PLC
04 May 2006


4 May 2006

Global Marine Energy plc ('the Company')

Notifiable Interest


The Company announces that it received notification on 4 May 2006 that on 3 May
2006 Schroder Investment Management Limited ('Schroder') had an interest in
5,000,000 ordinary shares of 2.5p each in the Company, representing 11.16% of
the issued share capital of the Company. These shares are held in unit trusts
operated and managed by an affiliated company, Schroder Unit Trusts Limited
(SUTL), and registered in the name of Chase Nominees Limited.

This represents the entire holding of Schroder in the issued share capital of
the Company.

On 18 April 2006 the Company announced that Schroder had an interest in
4,525,000 ordinary shares of 2.5p each in the Company, representing 10.10% of
the issued share capital of the Company.


For further information please contact:

Philip Wood, Chairman, Global Marine Energy plc 01274 531 862
Adam Westcott, Noble & Company Limited 020 7763 2200
Michael Padley / Susan Scott, Bankside Consultants 0207 367 8888


This information is provided by RNS
The company news service from the London Stock Exchange

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The Owl
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HOT NEWS - HUGE CONTRACT JUST ANNOUNCED


Here's some of your MAJOR news - just released

http://uk.us.biz.yahoo.com/iw/060505/0127393.html

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The Owl
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Keep in mind PMHH after the marketing deal.

Most investors don't yet appreciate quite what this means.

NIM usually provide PMHH winches - they are part of same company.

If PMHH have signed an exclusive deal with EMCE/Stokvis
http://www.emce.nl

they could sell off NIM winching, staff, offices and Newcastle yard at no risk to the Patriot business.

I don't know for sure if this is what is planned, however it looks extremely likely. NIM was one of the reasons GME could not give Patriot all the cash it wanted last year, but both PMH & NIM were profitable from December 2005.

So, in a nutshell, this announcement a) gives expanding Patriot massive support for its winching needs b) Provides possibility of more capital flowing PMHH's way from savings on NIM c)should generate more big deals as NIM were/are just not big enough to supply on deals such as teh $12.4m Keppel one.

so PMHH could be good for Monday??

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The Owl
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Oilfields firm set fair with £20m in orders
By Mark Casci
A Shipley oilfield services company which does business all over the world has announced nearly £20 million worth of orders this year.

Global Marine Energy has contracts worth £19.4 million on its order book for the next 12 months.

The firm has acquired £10 million worth of new business since November alone and expects to announce a series of contracts in the coming weeks.

The firm has its headquarters in Shipley, where most of the design and engineering planning is done. The manufacturing is then done at its bases in Houston, Texas; Brazil and Singapore.

Finance director Andrew Gibson said: "95 per cent of our design work is done in Shipley.

"The majority of our business is done in the offshore oil and gas industries.

"Some of our business also involves producing access equipment such as doors etc for nuclear submarines and the Ark Royal.

"We turned over £12 million last year and are hoping to turn over £20 million this year."

The current contracts that the firm is working on are based in Brazil and Malaysia.

The firm was founded in 1988 and now employs 250 worldwide, 45 of whom are based at its Shipley headquarters.

The company was listed on the Alternative Investment Market (AIM) in 2001 and was restructured into two separate divisions in 2003, following the appointment of new chairman Philip Wood.

Patriot provides handling equipment to the offshore oil and gas industries while NIM Engineering ltd provides marine access to the gas and oil industries.

The firm, based on Wharf Street, changed its name from MOS International last year.

The company made the announcement of its new business contracts following a downturn in profits last year.

The losses, caused by extensive restructuring at the company, were overcome in the final quarter of the year up to March 2006 as the firm looks towards a brighter financial year.

Mr Wood said: "The year to March 2006 has still been one of substantial growth and, most importantly, the company has returned to profit in the final quarter."

e-mail:mark.casci*bradford.newsquest.co.uk

4:17pm Tuesday 4th April 2006

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The Owl
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Here comes your orders :-) - pass the word!!!

Patriot Mechanical Handling Announces $8.6 Million Marine Deck Crane Order From China National Petroleum Offshore Engineering Co, LTD
Monday May 8, 11:11 am ET


Order Represents the Fifth Contract Signed With Chinese Energy Producers Over the Past 12 Months


HOUSTON, TX--(MARKET WIRE)--May 8, 2006 -- Patriot Mechanical Handling Inc. (Other OTC:PMHH.PK - News), a leading provider of mechanical handling solutions and services to the oil and gas industry, is pleased to announce that it has received an order valued at $8.6 million USD from China National Petroleum Offshore Engineering Co, LTD. The order is for 8 marine deck cranes, spare parts, training and commissioning of the equipment. Training will occur in the Patriot facilities in Houston, with the cranes being delivered to Xingang Seaport, China, upon completion.
"We are making tremendous inroads in China, having secured multiple orders over the last 12 months, including this latest order for China National Petroleum Offshore Engineering," stated Paul Findlay, CEO of Patriot. "The growing demand for fossil fuels in China makes this country an important market for Patriot. We will continue to develop our relationships and expand our efforts not only in China but throughout the Far East."

About Patriot Mechanical Handling

Headquartered in Houston, Texas, USA, Patriot Mechanical Handling, Inc. (PMH) is a comprehensive engineering and product supplier for all mechanical handling solutions in the oil and gas industry. In addition to this, Patriot is a licensed representative for some of the finest & most well established brands in the lifting and mechanical handling business. Our success is based upon effectively meeting the customer's needs prior to, during and most importantly after the product has been delivered. Our personalized service is unrivaled. We frequently monitor the quality of our products to insure our customer's satisfaction, and offer equipment that is guaranteed safe for use and fit for purpose.

More information is available by contacting the company directly. Information is available on the web at: http://www.patriotmh.com.

This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.


Contact:
Contact:

Patriot Mechanical Handling, Inc.
Tel: 281-445-4745
Fax: 281-445-9839
E-Mail: Email Contact

Global Marine Energy plc
Philip Wood, Chairman
Tel: 01274 531 862

Capital Group Communications Inc
(415) 843-0200 office
(415) 843-0214 Fax

Posts: 318 | From: UK | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
The Owl
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818,000 shares traded on GME the parent today on back of PMHH news!!!

http://investing.reuters.co.uk/stocks/quote.aspx?symbol=gme&fs=1

Yet the news is not released. They've cocked up the news release in UK.

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The Owl
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Sorry me again. No one picked up jv info. here it is. That's 3 pieces of news in 3 days.

http://www.source1drilling.com/

Posts: 318 | From: UK | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
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