PetroAlgae, Inc.

[Paulie]

Been researching some green companies, and this one strikes me as a potential good play for the long term. It's a little under its 52 week high of $8.50, at $6.77 at this very moment. It spiked up to its high immediately following a $10 mil stock offering to two investors. No dividend yet, but that could change as this company grows.

It's trading under DVGL right now until while it awaits a new ticker.

PetroAlgae Announces Listing on OTC Bulletin Board. | Company Activities & Management > Company Structures & Ownership from AllBusiness.com

MELBOURNE, Fla. -- PetroAlgae, a leading developer of systems to derive biodiesel fuels from algae, today announced that its parent company, PetroTech Holdings Corp., has acquired Dover Glen, Inc., a publicly-traded company listed on the OTC Bulletin Board under the symbol "DVGL". As part of this transaction, PetroTech Holdings Corp. transferred its entire ownership interest in PetroAlgae to the newly-acquired company, thereby maintaining its majority ownership position in PetroAlgae, which is expected to account for the newly-acquired company's sole asset and primary line of business. The name of the newly-acquired company has been changed to PetroAlgae Inc. and is expected to continue to trade under the stock symbol "DVGL" on the OTC Bulletin Board until a new ticker symbol is announced.

Toro, your thoughts? Should its OTCBB listing raise any red flags?