That's my assessment too Acoma. I strongly encourage all holders...

That's my assessment too Acoma. I strongly encourage all holders to read the independent report on PGY released yesterday as part of General Meeting docs from cover to cover. All 140 pages! The most striking analysis is that PGY remains amazingly undervalued. One can only assume that after the 1:50 Ann yesterday, a few holders of no more than 20 million shares added to 0.002 offers because the opportunity to profit from 100%, 200%, 1000% gains may disappear in a little over a month. For those of us who are looking for a mid - term investment in a junior oil and gas explorer, PGY is a very sound company, between 16 million and 29 million in assets (permits only), with no debt, enough cash to pursue its objective in the mid - term, and more importantly, solid and experienced management and board with a major shareholder who has shown he can pull in Chinese capital as and when needed. I can only see positives from yesterday's Ann. Comparisons from other company or historical share consolidations are irrelevant It's a hold/buy from me too!