Craig, if the Market Makers are not using the information to drive the price to artifically high prices, a NASDAQ NMS listing would attract more investors and attention which should be a good thing. My information is only from SEC filings and knowledge that NRGG's parent company (which you confirmed) is a reputable and large company. The cogeneration industry which you stated before seems to have some excitement and potential. Since the earnings should go up in the winter months, I would be shocked to anything but higher earnings for the next two quarters. My experience has been that these stocks trade like utilities so the p/e's are always low. Gruntal has a good reputation but has made markets in stocks underwritten by some real problematic firms, and Herzog makes markets in everything, so not a lot of help on from these two. There is a firm called Paragon, that could be the PGON, and all I know about them is that they are in Atlanta and service institutional clients. Again, what the management has done with this company is great, my only concern is what the market makers are doing. I do stay away from some stocks in which certain market makers make a market because it means there is a good chance that the stock price is a part of a manipulation scheme.
If you have not talked to the firm yet, ask them if they know who the market makers are. I called about one month ago, they did not have any information about the NASDAQ listing. They are very bear bones in terms of administrative staff which is good, but it may make it hard to reach someone. When I spoke to them they seemed to have no relationship with any market makers, again this I view as positive.
Also they recently had a shareholders meeting, you might want to ask if any transcripts or speeches from the meeting are available.
Otherwise I think we may be the only two holders of this stock on the internet.
Eric |
