Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
There's quite a lot going on behind the scenes - preparing audited financials, clearance letters from the SEC, etc. in preparation of the filing of the 15c211
Best way to get scammed is to talk to the scammer.
The claims about MM's and the SEC investigation being "positive" are ridiculous. We hear that in every SEC suspended stock. And guess what! It is NEVER true.
Absolutely NO MM will file a 15c2-11 for a company suspended by the SEC for fraud. Ain't happening.
You are making assumptions without facts. PPMH has been more than forthcoming, has provided months of signed financials, etc. I don't know where you get your information from. There's quite a story here, I'm told there are multiple market makers assisting in the first 15c211 and the SEC investigation results are positive. Maybe you should call the company yourself?
You seem to want/need PPMH to go away. 1manbland, that's not happening.
FINRA is not the SEC. They are two different regulators. The process for a name change is NOT "rigorous" - it is a simple one page request form. And there is no investigation done by FINRA for a name change.
And Pink is not coming. No MM will sponsor a stock suspended for fraud.
The SEC is currently conducting a formal investigation into the Company for fraud. The stock is going nowhere.
1manbland FINRA/SEC approved name change. PPMH is not suspended. Name change would not have been approved for a fraud, would it? Why would the company go through such a rigorous process, including an investigation of current AND PREVIOUS management? PPMH is certainly not suspended by the SEC. It was a temporary suspension, and as soon as it expired PPMH was back trading immediately on the grey. Next is Pink!
PPMH shorters need to make some phone calls, and I mean QUICKLY!
Shorters? What shorters? PPMH has less than 10,000 shares short, and most of those are hanging on knowing the stock is going to zero from here on out. No reason to cover such a small position when you know your return will be around 100% from here.
And being gray market now, there are no new short positions being initiated.
So any claims about shorters having any kind of effect on this SEC suspended stock are ridiculous.
PPMH At 0.05 Interesting spring/summer coming up. If you thought it would be at 0.001, that's understandable, bot not reasonable in this case. Sometimes real companies with real products make a misstep. It's not impossible to fix it, especially if you address each and every issue with documentation. It especially helps when private investors have put in over $20 million in funding, and the belief in ultimate success is justified.
2000 shares? $20 is not trading. Investors are patiently waiting. You see, this company has value, PPMH may trade 2,000 shares for a penny - that is effectively ZERO. If you want to buy 100,000 shares of PPMH at 0.01 it won't happen. Shorts wish they could but they can't. Just like today, the share price soared 250% on 700 shares. Effectively zero trades.
Now it is just a penny on 2,000 shares traded. The dramatic and sudden drop in both price and volume should not be a surprise to anyone. That is what SEC suspended stocks do when they resume trading on the gray market.
Very few people have any interest in buying a gray market stock that was suspended by the SEC for fraud.
Sure. This stock is dead. Stocks suspended by the SEC for fraud which are banished to the gray market don't come back to anywhere near their price levels at the time of the suspension, much less exceed them.
No one wants to buy shares of company under formal SEC investigation for fraud.
the sec said this was fraud in the strongest terms it uses.
The Commission temporarily suspended trading in the securities of Platinum Pari-Mutuel Holdings Inc. because of questions regarding the accuracy and adequacy of publicly available information in Platinum’s press releases, since at least July 2016, and financial information that it disclosed to the public via OTC Markets “Disclosure & News Service.” Those questions concern, among other things, the valuation of recent corporate acquisitions and projections concerning future revenues. In addition, we have concerns about third-party promotional materials to which the company has been subject since at least November 2016. This order was entered pursuant to Section 12(k) of the Exchange Act.
No, actually PPMH was suspended mostly for a technicality.
Sorry, but no. We hear the same BS in every SEC suspended stock. The SEC doesn't make mistakes, and doesn't suspend for "technicalities". They suspend for fraud, which the SEC already discovered prior to the suspension.
And the suspension is not the end, it is the end of the beginning. The SEC, and perhaps the DOJ as well, will now be conducting a formal investigation which can continue for up to 5 years.
With the demand high and supply low, the share price will have upward pressure.
lol. everyone always thinks that their suspended fraud will be the exception, that somehow a miracle will occur and it won't drop 50 to 90% when it re-opens for trading. this isn't that exception.
It is beyond the scope of my posting here to point you to the resources to understand naked shorting, and how to find out what that position actually is.
Seriously? Those "resources" are bogus. Just conspiracy BS that is not factual in any way.
"Naked" shorting absolutely shows up in the FINRA numbers. This is where the naked shorting argument falls apart. The transfer agent knows, to the SECOND, how many common shares have been issued. They also know, to the SECOND, how many shares are owned (naked short shares have to be sold to someone, and those shares go to the transfer agent for transfer). So if there are any naked shares short, much less millions or hundreds of millions, the transfer agent knows it and reports it. The stock would show up on the Reg Sho list.
But PPMH is NOT on the Reg Sho list. There are no naked shorts. That claim is absolutely boloney.
a name and CUSIP change forces naked shorters to cover
No, it doesn't. More of the "I read it on the internet so it must be true!" BS. Not factual at all.
Do you understand naked shorting of PPMH? It is shorting PPMH shares that haven't transactionally been borrowed yet. That is not the same as traditional shorting of PPMH, which is a small 10k shares or so.
It is beyond the scope of my posting here to point you to the resources to understand naked shorting, and how to find out what that position actually is.
The problem with a naked short on PPMH - There are not enough shares in regular circulation to cover. THAT is a real problem - and now opening on the Grey market means not as much visibility to find even those shares. So in a case like that, opening on the Grey market can cause the price to rise as naked shorters try to buy up everything they can. Why, you might ask?
Remember, a name and CUSIP change forces naked shorters to cover. period.
Peggy, et al - why are you issuing profanity-laced tirades to me in private? What do you hope to accomplish by doing that? You only serve to weaken your position and strengthen my resolve, obviously you wouldn't put so much emotion into your comments...unless you were worried. That twinge you just felt in your stomach? That's excess acid.
I love you all - especially the haters. Peggy, have a good lunch today. Remember, not too spicy, it will be bad for your heartburn.
PPMH is finished. It will reopen on the gray market with no bid or offer, so trading will be wild, scattered, and light. All orders will have to be matched, so a current holder might get lucky at a higher price for a small number of shares, but you can expect the price to drop by at least 50% fairly quickly.
Covering will be effortless, it will lose a minimum of 50% instantly, likely, more...shorts aren't part of the equation at all anyway, but, banishment to the grey market is never pretty. Sub penny within 5 trading days wouldn't surprise me...
News 
Market Data 
Discover 
AI
