|
| |||||||
| Canadian Stocks and Junior Companies Founded by "mouser57 " ... a new forum to discuss exciting Canadian Stocks and Junior Companies, where EVERYONE is invited to see and comment on what is happening up North!!! |
 |
| | LinkBack | Thread Tools | Search this Thread | Display Modes |
Sun, 11-05-2006, 01:09 PM
| #1 (permalink) |
| EagleFan Join Date: Sep 2006 Location: Philadelphia, PA
Posts: 23
 | Q. London AIM Exchange - PGWC.OB 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 |
|  |
| Sponsored Links |
|
Sun, 11-05-2006, 01:26 PM
| #2 (permalink) |
| Super Member  Join Date: Jul 2006 Location: Wine Country
Posts: 439
| I have noticed that naked shorting is rampant on the pinks and otcbb. In fact, I think it has become so common place, that the SEC may have to impose stricter laws and penalties to curb it. A great example of a thinly traded stock manipulated by naked short-selling: AXGJ - SharpCharts 2 from StockCharts.com Although I think naked short-selling occurs on every exchange, I doubt it occurs to the frequency as it does on the otcbb and pinks. IMHO, the otcbb and pinks have very lax regulations and many thinly traded stocks which allow naked shorting, stock manipulation, and trading fraud to occur. A good topic, imho. Josh 
__________________ "None are so hopelessly enslaved than those who falsely believe they are free" Johann Wolfgang von Goethe |
|
| |
|
Sun, 11-05-2006, 01:38 PM
| #3 (permalink) |
| EagleFan Join Date: Sep 2006 Location: Philadelphia, PA
Posts: 23
| I forgot to ask if this company does go to the London AIM Exchange and has an ADR on the OTC BB or Pink Sheets, will it still be susceptible to naked short selling? I can see why the short sellers took it down from $19, but the company is now profitable and had $25 million in sales in Q2. It's a nice collection of companies that appears to be gift-wrapped for Apple or Microsoft to buy but the insiders bought shares at much higher prices than 70 cents so I don't think that will happen any time soon. Track insider buy and sell PEGASUS WIRELESS CORPORATION Here's a good site to read about the push to stop naked short selling: The Sanity Check > Home Thanks, Tony |
|
| |
|
Tue, 11-07-2006, 01:15 AM
| #4 (permalink) |
| EagleFan Join Date: Sep 2006 Location: Philadelphia, PA
Posts: 23
| TIMELINE FOR PGWC SHARE PRICE DECLINE May 05: Close $18.69 - 52 Week High $18.99 reached May 15: Close $15.38 - Pullback after 52 WH May 18: Close $17.43 - High of $18.10 (Failed to Breakout) May 23: Close $16.10 May 24: Close $14.98 May 25: Close $13.15 May 26: Close $11.14 Jun 07: Close $10.43 Jun 13: Close $8.67 - Motely Fool - Pegasus' Broken Wings (Negative) Jun 15: Close $5.83 - Volume 970K Jun 30: Close $8.94 - Volume 7.88M Jul 20: Close $5.24 - Volume 580K - Last Day of Selloff Beginning Jun 30 Jul 25: Close $7.00 - Q2 Released (Positive) Jul 27: Close $6.88 - Motley Fool - Pegasus Flys Too High (Negative) Aug 04: Close $6.03 - PGWC Announce special Warrant for Shareholders Aug 18: Close $6.14 - Motley Fool - Pegasus Squeezes The Shorts (Negative) Aug 24: Close $5.82 - Motley Fool - Don't Bet On This Horse (Negative) Aug 30: Close $5.15 - Motley Fool - Who's Buying Now (Negative) Aug 31: Close $3.43 - Response To Fool Article; Barrons Leak? Sep 01: Close $2.36 - Response To Fool Article; Barrons Leak? Sep 05: Close $1.51 - Barrons - The Medusa Effect (Negative) Sep 06: Close $1.67 - Motley Fool - When Margin Makes Sense (Negative) Sep 06: Close $1.67 - Motely Fool - The Case Against Small Caps (Negative) Sep 11: Close $1.36 - PGWC Corporate Update (Positive) Sep 14: Close $1.17 - Motley Fool - Apple's Latest Victims (Negative) Sep 20: Close $1.09 - PGWC $10 Million Share Sale to CEO Amended (Negative) Sep 21: Close $1.04 - Motley Fool - Be The Sith Lord (Negative) Sep 25: Close $1.04 - PGWC Announces Leaving NASDAQ Sep 26: Close $0.81 - Motley Fool - Pegasus Clips Its Own Wings (Negative) Sep 28: Close $0.61 - Forbes - Beating Fails (Positive) - Volume 5.54M Oct 03: Close $0.97 - Forbes - Attacks On Pegasus (Positive); Volume 6.36M Oct 03: Close $0.97 - Forbes - Oxbridge Scams Pegasus (Neutral); Volume 6.36M Oct 24: Close $0.74 - Motley Fool - You Have 23 Minutes To Decide (Negative) Oct 27: Close $0.70 - Pink Sheets - Volume 7.96M Nov 03: Close $0.65 - NASDAQ OTC BB - Volume 1.94M; Last Real Trade $0.74 Nov 06: Close $0.71 - Today - Volume 450K; Last Real Trade $0.73 |
|
| |
|
Tue, 11-07-2006, 09:46 AM
| #5 (permalink) | |
| Banned Join Date: Mar 2006 Location: Philadelphia pa - born in Germany
Posts: 309
| Quote:
Hello Tony, I see you're from Philly, I used to live in philly but moved to lower bucks county, now living in Feasterville. As of naked short selling: many companies went bankcrupt because of naked short selling, its the biggest scam in the market, but what is the SEC doing ?does nothing about it, because imo , they get a kickback from this guys, JIMO HANS | |
|
| |
|
Wed, 11-08-2006, 02:35 PM
| #8 (permalink) |
| EagleFan Join Date: Sep 2006 Location: Philadelphia, PA
Posts: 23
| I did a google search on "arrkik". It looks like he's referring to a company on the London AIM exchange: New Issue: Arrik Energy Inc. London Stock Exchange - Home I don't know if PGWC.OB is persuing the London AIM exchange. Now I see posts about NYSE. Naked shorts probably covered by now, company just became profitable in Q2, and the press was hitting them hard on valuation and P/E. I guess that happens to every "story" stock. Watch LMRA. CC tonight and it might get hammered down to 200 sma (3.56). If it doesn't get hammered, it could bounce like a super ball after it closes the 6.35 to 6.75 gap. 20 sma is 6.64. Fibonacci pullback after 1.50 to 10.35 move could be 50% to 5.93. A 74.6% pullback is 3.75. Maybe I should create a new post on LMRA. Tony |
|
| |
|
Tue, 11-28-2006, 07:07 PM
| #9 (permalink) |
| EagleFan Join Date: Sep 2006 Location: Philadelphia, PA
Posts: 23
|  Pegasus Wireless (PGWC) Moving to Grand Bahama?  No news about the move to a foreign stock exchange yet. 5 for 1 reverse split is effective after December 8th. I'm still guessing it will be the London Exchange. Wireless Investment Eyed For Freeport The Nassau Guardian - www.thenassauguardian.com The Nassau Guardian - www.thenassauguardian.com 1. PGWC Press Release (Nov 9, 2006) Pegasus Wireless Corporation Issues Statement to Shareholders 2. Forbes web site (Oct 2, 2006) - "Attack On Pegasus" Attack On Pegasus - Forbes.com 3. PC Magazine (Oct 11, 2006) - "Pegasus Offering Apple iTV Clone, Now" Pegasus Offering Apple iTV Clone, Now 4. ZDNET Web site (July 20, 2006) - “Announced: Multi-channel HD Streaming from PC to TV over WiFi” » Announced: multi-channel HD streaming from PC to TV over WiFi | IP Telephony, VoIP, Broadband | ZDNet.com 5. NASDAQ CEO Signature Series Video Interview with CEO (July 21, 2006) Investor Center - CEO Signature Series Windows Player: http://origin.vcall.com/console/getStream.asp?ID=109178 Real Player: http://origin.vcall.com/console/getStream.asp?ID=109179 |
|
| |
|
| Thread Tools | Search this Thread |
| Display Modes | |
| |
Linear Mode
