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PXIA Finra deleted symbol:
http://otce.finra.org/DLDeletions
PXIA: Suspended by SEC
http://www.sec.gov/litigation/suspensions/2014/34-71465.pdf
Order:
http://www.sec.gov/litigation/suspensions/2014/34-71465-o.pdf
PXIA volume disparity http://www.profitspi.com/stock/view.aspx?v=price-and-chart&p=21058&i=PXIA&pv=recent-symbols&pp=PXIA#&&vs=634822894271781989
http://investorshub.advfn.com/boards/msgsearch.aspx?searchstr=pxia
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79143726
Like many others trading the same type of L2/Last-Sale 'screen' action, they were dropping the BID while the ASK stayed the same. I read that in real-time.
All trading activity on Friday were BUYS.
It doesn't show all buys though, lol
It shows 480k as down volume
http://www.profitspi.com/stock/view.aspx?v=price-and-chart&p=21058&i=PXIA&pv=recent-symbols&pp=PXIA#&&vs=634822896699110825
That is simply not true!]
Look at the open price:
Open .01
High .029
Low .0071
The ASK never ever changed... it was .029 during the entire process. How could that be with a normal trading pattern, it can't be with this many shares traded. Also add this... the last report which is probably accurate stated:
Shareholders’ Equity:
Common stock, $0.0001 par value, authorized 89,000,000 shares, issued and outstanding 8,966,796 shares
Float? let's say 50% of that.
So, how can you trade 689,000 shares on a extreme dormant play, that's had less than 5,000 shares traded on average over the past year and no change up or down on the ASK? You can't!
You can't trade that much and not have the ASK move at least a little either up or down.
This is why again I believe Market Makers are either buying stock themselves because of what they know is coming, or, Market Makers are buying for themselves/others combined.
Most 10day alerts do not happen the next day but can again be dormant for up to 4-6 weeks after the alert. Most who activate a dormant symbol are smart enough not to expose themselves that quick for something to happen the next day!
Even better and I'll give them this much... at least they MASK the majority of buying as sells in 'down-volume'.
FYI, JMO<<< sc
Last post, wrong board... lol
APDN .135's who in their right mind would give this one up. Accumulation continues under the DOD mandate.
sc
That much volume disparity is a sign of things to come. sc
so mad i missed that drop.. would have liked all of todays vol
PXIA .029 strong buying during the drop today, Market Makers without question were buying/allowing buys as it dropped quickly to .0071 then signals of 'green' set in on latter stages of drop.
PXIA 669kvs8k_vol10dayavg
Multiple Day/Week hold here.
More than a few ihubbers on this one
http://investorshub.advfn.com/boards/msgsearch.aspx?searchstr=pxia
sc
8.9m shares outstanding - 89m authorized shares
PXIA info...
Last contact info before filing FRM15:
Ramesh Akella, President
Registrant's telephone number, including area code: (516) 428-3319
PXIA was a SPAC that voted to stay active as a shell instead of dissolving company per 8K filing on 4/24/2008:
New York - Phoenix India Acquisition Corp. [PXIA.OB, PXIAU.OB, PXIAW.OB] today announced that at a Special Meeting held on April 8, 2008, a majority of its stockholders voted in favor of the proposal to remove the blank check company restrictions from the Company's charter, thereby allowing the Company to continue its corporate existence.
Commenting on the stockholder actions, Ramesh Akella, President, said "We are pleased that our stockholders approved this proposal, which we believe is the best way to preserve the Company and create the most value for our stockholders. The Trustee of the Company's trust fund, American Stock Transfer & Trust Company, in accordance with its usual procedures, will distribute the trust fund proceeds on April 21, 2008, to the record holders of the Company's Common Stock as of April 20, 2008. The ex-dividend date for the distribution will be April 22, 2008. This distribution will not require any action on part of the shareholders. We believe that virtually all of the Company’s shares are held of record in "street name," which means that the cash distributions will be sent through the securities industry clearing system to stock brokerage and other financial firms for final distribution to beneficial owners of the stock. Shareholders should contact their financial advisors for details about the receipt and disposition of their share of the cash distribution."
http://www.sec.gov/Archives/edgar/data/1336775/000114420408024049/v111599_ex99-1.htm
PXIA.011/.02 150kvs5k_vol10dayavg http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59642732&txt2find=pxia
Thanks to a tip from usasports1, I just bought 100K shares at the ask of .009, now the ask is .012.
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