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It seems rather clear this email is a pump-and-dump stock spam based on the all-caps subject line (see above) and the hyperlink to the company's website is a redirect that does not load. All the hyperlinks are redirects. I have not included them below in case they can some how be malicious. The stock newsletter touting this stock obviously appears to be based in Canada.
PinkSheets.com shows Pluris Energy Group (PEYG) (PEYG.OB) lost 4.76% on Friday to close at $0.40. Pluris Energy Group has an annual high of $1.15 and a low of $0.255. There is no warning label for Pluris on PinkSheets.com as we've seen with other stock spams.
EGSNEWS Alert – September 19, 2007
Interim Issue Pick - PEYG
Pluris Energy Group Inc.
Emerging Argentina energy play
Shares Issued: 26 M F.D.
52-Wk. H.-L.: $1.15 - $0.25
Price Sept. 19, 2007: $0.35
There are precious few ways to play the lucrative Argentina oil & gas sector, the model being highly successful Petrolifera PDP.TSX $15.00. PEYG is one of them; an early stage, low cost, albeit somewhat speculative, but relatively moderate risk/high potential return way to gain exposure to the highly prolific Argentina energy sector.
On August 18, 2006 the company announced the rights to acquire a substantial producer (1,000 bbl/d) encompassing over 250,000 acres with reserves of 49 million mmboe and a strong growth profile. Terms of the deal remain to be disclosed, but a $65 Million bond is in place to fund the purchase. Closing this would deliver the kinds of cash flow that would justify a significantly higher stock price for PEYG since they plan to do this with a minimum share dilution.
However - injunctions by two joint venture partners of the potential acquisition (San Enrique Petrolera) have delayed the closing. While management is confident the deal will eventually proceed the lack of certainty and time delay has allowed the stock to drift down near its 52-week low.
Meanwhile, the company has publicly stated they are also looking at several other deals, any of which I take it, could close sooner than San Enrique. Details are sketchier but considering the company’s mandate and the magnitude of San Enrique, I am guessing they are also substantial.
In addition to oil and gas, the company is also looking at alternative energy/biomass situations. The stock has formed a long triple bottom and is poised to move upon the closing of their deal(s). For further information contact Louis Fruchier at 281-383-9403 or visit http://www.pluris.com.
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Louis Paquette`s Emerging Growth Stocks is an independent publication committed to providing an objective analysis of the markets, focusing on the TSX-Venture Exchange and individual companies with substantial upside potential over the next six to twelve months. The information contained herein is believed to be accurate but this cannot be guaranteed. The analysis does not purport to be a complete study of securities mentioned herein, and readers are advised to discuss any related purchase or sale decisions with a registered securities broker. Companies featured in EGS are often at very early stages of development and can therefore subject to business failure, and are to be considered speculative and high risk in nature. Reports herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned. The author may or may not hold a position (long or short) in the securities mentioned herein. This publication may not be reproduced without the expressed prior consent of the author. The author is not a registered securities advisor, and opinions expressed should not be considered as investment advice to buy or sell securities, but rather the
author's opinion only.
EMERGING GROWTH STOCKS
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