Pegasus Wireless (PGWC.OB) voluntarily delisted from the NASDAQ recently because the CEO claimed there were as many as 30 million "phantom" shares in the market as a result of a bear raid that took the share price from $19 to 50 cents. They went to the Pink Sheets for one week and moved to the NASDAQ OTC BB on Friday. They are now looking for a new exchange. Does naked short selling occur on the London AIM exchange? There are rumors that the company might go to the London exchange. Thanks in advance.
Here are a few DD links:
Attack On Pegasus - Forbes.com Pegasus Wireless Corporation Commences Trading on OTC Bulletin Board: Financial News - Yahoo! Finance PGWC.OB: Headlines for PEGASUS WIRELESS NV - Yahoo! Finance Small Cap Copy: Peter and Paul Small Cap Copy: Short-sale Side-Step Pegasus Offering Apple iTV Clone, Now
Thanks,
Tony