Where is PEGgy heading?

No they weren't consolodated There was an accounting problem in one of their subsidaries an irregularity that existed before they boought the company.Trading in the shares was suspended until a new set of accounts for that year could be published.There hasn't been any talk of raising money through the issue of new shares and during it's suspension the company seems to have made real progress it's made an aquisition cut costs made some signifigant deals and completed it's reorganization.The shares returned to the market at 1p which is the price they were suspended at.Before the suspension they had traded at 3p before dropping to 1p on speculation of accounting difficulties.
My own personal view is that now the problem with the acounts has been sorted and given the obviouse progress the company has made during suspension the shares will return to the 2-3p range touching briefly on 3p.Anything above 3p depends on the managment and the perception amongst investors that they can be trusted to run the company well.