Penson Worldwide Inc fka PNSNQ

[SevenTenEleven]

PNSN - Pink Limited!

Company is not reporting information to investors!

http://www.otcmarkets.com/stock/PNSN/company-info

Will likely be filing a Form 15 to go dark!

Tic Toc

[BigBake1]

This needs to push towards .05 to create the pressure on that 2 million in short interest sitting out there.

[Cooky]

With a break above the Keltner channel yesterday PNSN could see more upward pressure in the coming days/weeks

[SuperC]

Sorry, I was definitely on the wrong thread when you asked me that.

:)

sc

[SuperC]

http://stockcharts.com/c-sc/sc?s=PNSN&p=d&b=7&g=0&id=p17970548896

sweet

[SPM555]

Agreed, that's what often fuels these types of moves on stocks that have been suppressed for months/years. Imo the squeeze began today and we could be seeing a sharp rally tomorrow and in the coming days.

[BigBake1]

All one has is that last filing provided before going dark. Penson Clearing had a robust clearing firm with the second most number of clients of any clearing firm, second to Pershing. Like I said today nothing fundamental has been made public, simply right now it appears to be a technical action due to reaching a bottom.


http://www.sec.gov/Archives/edgar/data/1123541/000119312512234824/d338579d10q.htm


http://www.sec.gov/Archives/edgar/data/1123541/000112354112000008/pnsn-6302012x10xqa.htm

[kenbkb]

Is there a revenue stream left here? Obviously something right? But what? Anyone have a clue. I am in at about .08 so down quite a bit. But nice movement this week on nice volume.

[BigBake1]

Penson sold it's Clearing business to Apex, so why would you want to talk to someone from Penson?

[kenbkb]

Yes, I did call that number. I selected option O and spoke to someone at Apex. She transferred me back to the list of options and said to press the one for Penson. Well, there wasn't one. So I got impatient and hung up. I could try again tomorrow.

[BigBake1]

Short squeeze is a very rare occurance, but clealry there is a very large short position here that is in jeopardy of being forced to cover. The question is where is the trigger, is it .05 that will cause the forced cover of 2 million shares? Looking at L2 it is very thin to .10. I doubt there is 2 million shares between .05 and .10.

[Cooky]

Last guys to cover are not going to like it.

[BigBake1]

You are correct and it appears to be over 2 million shares sitting out there according to the last short interest report. That position started in the first half of October and has yet to be covered to date.

http://www.otcmarkets.com/stock/PNSN/short-sales

Todays close near .04 puts huge pressure on those positions.

[Cooky]

I've watched this for months and it was shorted hard, Its not going to be to hard for a short squeeze to ramp this up..JMO

[SuperC]

Nothing more than date of, and I'm sure that at this particular time with said changes occurring, the only home/office phone might be if you called:

"Company appointed Mr. Mark Dresner to serve as the new Chief Executive Officer and a director of the Company." at his home if you can track him down.

I've done that in the past calling a new company/ceo/shell but I'd advise against it. I really pissed the person off at the time, and had nothing to say, lol

Patience Pays $$$

[BigBake1]

That is when the SEC recognizes on that effective date the company is no longer required to report. PNSN was delisted from the NASDAQ due to failure to maintain minimum bid price of $1 for a period of time.

The move is purely technically related as nothing fundamentally has been made public. It appears to have bottomed and is now bouncing due to no further selling.

Was this the number you called?

Phone [phone]

[kenbkb]

Anyone know what a Notice of Effectiveness is per what was filed there a short time ago??? And why the move now? I just tried contacting the company via the 888 number at Apex and could not get through to anyone.....

[SuperC]

Thanks bud

[BigBake1]

Trading above .03 is a breakout, looking pretty good to fill that gap to .07

[SuperC]

PNSN .04 now, solid move today on very heavy volume: http://stockcharts.com/c-sc/sc?s=PNSN&p=d&b=2&g=0&id=p17970548896

[Roy London]

we we

[cjstocksup]

Best post of the entire year. 2012 Award of the year.

every POS runs before it dies

[Cooky]

Thanks to the Ihub admins the chart is working properly again.

[Renee]

PNSN delisted from Nasdaq to OTC Markets:

http://www.otcbb.com/asp/dailylist_detail.asp?d=10/05/2012&mkt_ctg=NON-OTCBB

[Roy London]

every POS runs before it dies

[Underdog]

LOL Good job!

[Roy London]

zing

[Pennyprof]

Lol, I know, just worried it might become the next ATRN run...just trying to figure out where all these shares are coming from as they are still supposed to be filing until Oct. 18th.

[Roy London]

who cares..it's a pos..just play the bounce and run for the hills

[Pennyprof]

Yeah, I get that. Looked a little closer and saw they did an ammendment to the 10Q and looks like the outstanding increased:

As of September 4, 2012, there were 28,152,826 shares of the registrant’s $.01 par value common stock outstanding.

Guess it doesn't matter that the authorized was 100,000...?

[Roy London]

just a bounce before she gets kicked off nasdaq

[Pennyprof]

Just glanced at the last 10Q and it says 100,000 authorized. If that's true then yes, easy double. But the volume on Friday was 1.7 million. Somethings not adding up....

[SevenTenEleven]

PNSN - The money to be made was from sub $0.04. Maybe a little bit more up, but this will move down nice and steady to sub-$0.01 range.

What comes around goes around!

Tic Toc

[Roy London]

easy double from here

[AlanC]

That is the 64 billion dollar question!

[UnderR8D]

What's all this recent news mean for the brokers that use / used Penson for clearing services ...

[AlanC]

I have no doubt even though no charges have been filed yet the regulators know all the problems that exist at Penson. In fact, I think this is a plan designed by the regulators in an effort to hide the massive fraud that was committed. The question in my mind is that is this not be exposed fully to insure that either the incompetence of the regulators or the fact that some were captured is being hidden? We really need an independent investigation with no holds barred that exposes all to the light of day letting the chips fall where they may imho.

[AlanC]

If GS is smart, and they are imho, they will cherry pick and leave the billions of contingent liabilities to rot on the vine.

[madeindet]

Goldman will sweep them under rug

[SevenTenEleven]

PNSN - Will there be *settlements* after the Form 15?

[AlanC]

I guess Patrick Byrne was spot on yet again.

[SevenTenEleven]

PNSN - Penson Worldwide, Inc. to Voluntarily Delist from NASDAQ, Deregister with SEC

Penson Worldwide, Inc. (MM) (NASDAQ:PNSN)

Today : Wednesday 26 September 2012


The Penson Worldwide, Inc. (NASDAQ: PNSN) Board of Directors approved the voluntary delisting of the Company’s common stock from NASDAQ and the deregistration of the Company's common stock under the Securities Exchange Act of 1934 (Exchange Act).

The Company has notified The NASDAQ Stock Market of Penson's intent to voluntarily delist its common stock. The Company intends to file on or about October 8, 2012 an application on Form 25 to notify the Securities and Exchange Commission (SEC) of Penson's withdrawal from NASDAQ and anticipates that its common stock would be suspended from trading on NASDAQ that day. The delisting process should be completed or about October 18, 2012.

Promptly following Penson’s formal delisting from NASDAQ, the Company will initiate the termination of the registration of its common stock under the Exchange Act, with the filing of a Form 15 with the SEC. The Company’s obligation to file certain periodic reports and forms with the SEC will be suspended immediately upon filing of the Form 15. Termination of registration is anticipated to be effective 90 days later.

Penson’s Board authorized these actions because, as previously reported, the Company is not in compliance with NASDAQ’s continuing listing requirements due to its inability to maintain a minimum bid price of $1.00, a minimum market value of publicly held shares of $5 million, and a minimum stockholders’ equity of $10 million. The Board also determined that it meets the requirements for deregistration of its common stock and has concluded that the consequences of remaining an SEC-reporting company, including the significant costs associated with regulatory compliance, outweighed the current benefits of public company status to Penson and its stockholders.

Forward-Looking Statements: Statements contained in this news release that are not based on current or historical fact are forward-looking in nature. Such forward-looking statements are based on current plans, estimates and expectations. Forward-looking statements are based on known and unknown risks, assumptions, uncertainties and other factors. Actual results, performance, or achievements may differ materially from any future results, performance, or achievements expressed or implied by such forward-looking statements. Penson undertakes no obligation to publicly update or revise any forward-looking statement.

[AlanC]

Followed by the grays?

[CarlCarlMcB]

Start loading Monday!!!$$$

[Cooky]

Good call,I've been hitting .05-06 as often as I Can...

[CarlCarlMcB]

I don't think SO. .06 too .051 BUY IT LIKE CANDY!!!$$$ .051 has too hold. If not start all over again !!!$$$

[SevenTenEleven]

ONE WORD:

PINKSHEETS!

[Mikey]

ONE WORD:

KARMA

[SevenTenEleven]

PNSN - OTC here we come!

Tic Toc

[fourkids_9pets]

PNSN >> 8K FILED

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On August 20, 2012, Penson Worldwide Inc. (the “Company”) received a letter from The NASDAQ Stock Market (“NASDAQ”) indicating that the Company did not maintain a minimum of $10 million in stockholders’ equity for continuing listing on The NASDAQ Global Select Market pursuant to applicable NASDAQ listing rules (the “Rules”). The letter also states that under the Rules, the Company has 45 calendar days to submit a plan to regain compliance, and if the plan is accepted, NASDAQ may grant an extension of up to 180 calendar days to evidence compliance. Alternatively, the Company may consider applying to transfer the Company’s common stock to The NASDAQ Capital Market if the Company meets certain continuing listing standards for such market, except for the minimum bid price requirements. In addition, as previously disclosed in Current Reports on Form 8-K filed on May 7, 2012 and July 27, 2012, the Company is not in compliance with certain NASDAQ continuing listing standards relating to the $1.00 minimum bid price requirements and the minimum market value of publicly held shares of $5 million.

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8439625

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4kids
all jmo