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National Grid ADR repsg 5 Ord Shs V.NGG


Primary Symbol: NGG Alternate Symbol(s):  NGGTF

National Grid plc is a United Kingdom-based energy company. The Company's principal activities involve the transmission and distribution of electricity in Great Britain and of electricity and gas in the northeastern United States. Its segments include UK Electricity Transmission, UK Electricity Distribution, New England, New York and National Grid Ventures. The UK Electricity Transmission segment includes the high-voltage electricity transmission networks in England and Wales. The UK Electricity Distribution segment includes the electricity distribution networks of NGED in the East Midlands, West Midlands and Southwest of England and South Wales. The New England segment is engaged in gas distribution networks, electricity distribution networks, and high-voltage electricity transmission networks in New England. The New York segment is engaged in gas distribution networks, electricity distribution networks, and high-voltage electricity transmission networks in New York.


NYSE:NGG - Post by User

Post by Nibenderon Jun 07, 2012 3:28am
600 Views
Post# 19988268

White Knight Suitor

White Knight Suitor

The potential certainly exists for this path to pull the phoenix out of the fire...anything would be better that the dilutionary 12:1 ratio tenuously sitting on the table with PNG. Most notable is this sentence from the May 28th press release:

"The possible addition of the State as a stakeholder in the project would be welcomed and the expression of interest confirms the belief the PNG Government has in the potential of the project.”

Spoke to Iewago @ the Cambridge Vancouver Investment show and he is actively pursuing the above noted course of action - so it appears there is a glimmer of hope as opposed to being forced to swallow the jagged pill.

I recently doubled-downed at a penny.

GLTA

 

 

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