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Technology Stocks : Blank Check IPOs (SPACS) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (1044)	10/23/2007 8:49:11 AM
From: Glenn Petersen	Read Replies (1) \| Respond to of 3862

In an effort to seal the deal (before the October 26 vote), an affiliate of PGRI is going to purchase 2 million shares. Platinum Energy Resources, Inc. Affiliate Negotiates Purchase of Shares of Company Common Stock Monday October 22, 2:11 pm ET NEW YORK, NY--(MARKET WIRE)--Oct 22, 2007 -- Platinum Energy Resources, Inc. ("Platinum Energy") (OTC BB:PGRIU.OB - News) (OTC BB:PGRI.OB - News) (OTC BB:PGRIW.OB - News) announced today that Braesridge Energy LLC, an affiliate of Platinum Energy's Chief Executive Officer and director, Barry Kostiner, has privately negotiated the purchase of, and intends to purchase, 2,000,000 shares of Platinum Energy's common stock, representing approximately 14% of the shares issued in Platinum Energy's IPO, from stockholders of the company. Following consummation of the anticipated purchases, Braesridge will beneficially own 2,188,300 shares of Platinum Energy common stock. Platinum Energy filed a definitive proxy statement with the SEC on October 17, 2007 relating to its special meeting of stockholders on October 26, 2007 to vote on, among other things, the proposal to acquire the assets of Tandem Energy Corporation. In its proxy statement, Platinum Energy disclosed that, immediately prior to the purchase by its affiliates of an aggregate of 432,000 shares, or 3% of the 14,400,000 shares purchased in the IPO, and, thereafter, immediately prior to any subsequent purchases by its affiliates of an aggregate of an additional 432,000 shares, Platinum Energy would disclose via press release the affiliate's intention to make such purchases. Platinum Energy stockholders with questions about the proposed asset acquisition or any of the other proposals or who need assistance in voting their shares may call the Company's proxy solicitor, Morrow & Co., Inc., toll-free at (800) 607-0088. <snip> biz.yahoo.com