Pingify International, Inc. (PGFY)

[TMcNasty]

Don't forget the Hiroshima afterparty pics. ;)

[TMcNasty]

Rich people don't trade OTC's...except to short them. There will be no short squeeze. If there is it will get this from being 95% down from the halt price to only being 85% down. Then it'll be off the subbieland.

[Big_Money_Upward]

once it unhalts we can update the titanic pic to this:

[TMcNasty]

Figured I'd contribute. ;)

[Big_Money_Upward]

i got a good laugh out of the atomic bomb explosion pic

[BuyLowThenHold]

I Just Read that" The halt will last until 11:59 p.m. EDT on May 28, 2014" @ this link

http://www.streetinsider.com/Short+Sales/Pingify+International+(PGFY)+SEC+Trading+Halt+Raises+Eyebrows/9483669.html

[BuyLowThenHold]

Get This... I Once Shorted a "Sure Thing" when the TV News Announced that a certain Company was going to File for Bankruptcy Protection : ) Then Really Really Rich People did what is Called a Short Squeeze and I had to Buy to Cover at a Much Higher Price... So we never Know what the Future holds. It is the market.

[penknee]

This morning I woke up with no shares, and I thought I may have been part of that big t-trade. I talked to customer service and they said they'd look into it. 20 mins later the shares were in my account. I don't know if it's IB or an mm but it's not my problem they have a naked short on a halted stock. At least they didn't get LOTED.

[TMcNasty]

I also had a PGFY trade today at IB. They "bought" me in partially at 9:03am and then "shorted" the same amount of shares at 9:34am at the exact same price. No commissions of course.
I called earlier the guy I spoke to said if instructions are put in beyond a certain point they can't be stopped. I guess they had to let some buy-ins go thru and then manually fix them.
To make themselves feel better they just keep upping the borrow rate. I saw 79% earlier today. Terrific.

[paletta]

Is it possible the CEO lied and had another vandetta. Why resign when the new contracts get announced and what good does quitting after the fact do. If something wrong went down it did so on his watch.pleading I had no knowledge does no good try it on a cop see how that goes. Time will tell

[penknee]

After 3 more emails from IB about my forced buy in, I woke up with no PGFY in my acct. They said they're looking into it and will get back to me, we'll see how that goes. There was a large t-trade after hours yesterday which I thought was interesting.


As I type this my shares are back. I guess someone realized that a fail to deliver is cheaper than answering to the SEC.

[Peggy]

Nope, suspended. Big difference

[Peggy]

Actually it has SEC trading suspension and grey sheets written all over it But that's just semantics I suppose

[janice shell]

2 plus 2 is NOT always 4!!

Don't look now, but I'm afraid it is.

[janice shell]

The "information" provided by stock touts is not accurate. It's wildly exaggerated and sometimes untrue.

Analysts are also in the business of promoting stocks, though they don't like to think so. However, they do have training. And you won't find any real analysts on OTC stocks.

You'd do better to do your own DD, but that doesn't mean accepting everything the company says as the truth.

[Asher78]

Wow, nice call. Congrats of making bank here too $$$
I hope others were able to escape before the halt.

If the SEC was going to halt trading, I believe they would have done so when the stock was in free fall.

No, they wouldn't have. They literally can't act that quickly. My guess is that they will suspend, but not until next week at the earliest

Of course I could be wrong; it could come sooner.

[TMcNasty]

They should save the blah blah for the unhalt. Maybe they can find a few more buyers on the way towards .0001c on the greys.

[yen4dollars]

Statler is such a joke. 2 dollars 5 dollars. Load of crap

Not what I consider a MASSIVE breakout huh. Lol

[angelicsatan666]

2 plus 2 is NOT always 4!!
To an illogical thinker they "may" be but...witness 2 apples plus 2 half apples DONT make 4 apples!
NEXXXXXXTTTTT!
Git your money back people!!!

[angelicsatan666]

No YOUR logic, hahahaha--i never said what your implying but nice "attempt" at being "logical" hahaha
Prosper well ALL

[penknee]

By you're logic there would be no doctors, drugs or medical technology companies.

The sec is not here to hold your hand to protect you. Anyone that read this board knows 2 Canadian securities regulators posted warnings regarding this stock. You even had the benefit of the CFO saying this co should be investigated.

Many of us, including myself trade
otc's for better returns compared to large caps. With great risk comes great reward, but the opposite can be equally true. My advice is if you don't want to be subject to a suspension, don't hold otc's overnight, ever.

[grinchstyle]

I really don't understand what the SEC is trying to prove by suspending SOME of these stocks. If you really care about investors, suspend them ALL!!

http://newsletter.hotstocked.com/newsletters

Only 200 or so emails today with various great investments ;)
Wonder why none of those are suspended?

FYI I already made my $$ here on day 1.

[Buck84]

My whole point is. Stock is just pieces of paper. Somebody trying to sell their paper for more than they paid for it. That's really it. Had the SEC not halted PGFY, people were getting opportunities to make their losses back. My opinion, the SEC coming in when they did, really hurt the investors they claim to protect. Well I say that. I guess we'll find out for sure in a couple weeks.

[mill2]

Got out yesterday.

[Buck84]

You can lose just as much in any market. The first stock I ever bought was an oil and natural gas company. Fairly small company, that was producing oil and natural gas, but spent too much money acquiring leases and equipment that were supposed to be promising, but the leases yielded far more bills than nat gas and oil. Needless to say, it didn't take long to from about $7/share to a few pennies/share.

I don't see the difference in stock promotion and opinion pieces written by analysts. An article written by the right person and the right place could pump a stock or kill it just the same. As long as the information is that is being used is reasonably accurate. They are one in the same to me.

[angelicsatan666]

Someone loses 10k and everyone is UP IN ARMS yelling SCAM SCAM SCAM--SEC/FINRA get involved!
A product is sold, KNOWING FULL WELL that it KILLS and it is SELF-EVIDENT that a SCAM is being perpetrated and the SEC/FINRA do NOTHING with this SCAM!!
Righhhhhtttttttt
Hope things work out for y'all

[janice shell]

Oh for God's sake. The FDA passes on new medications only if they feel the risk is very low, and is much outweighed by the benefits.

Rather as Congress, in its infinite wisdom, seems to feel that allowing the penny market to exist offers benefits that outweigh the risk of people getting scammed day in, day out.

[angelicsatan666]

Allow money to be invested in DEATH??
And THAT is not a SCAM??
WOAHHHHHHHH!
Do well ALL

[janice shell]

I beg your pardon? Are you confusing the FDA with the SEC??

Christ on a crutch.

[angelicsatan666]

LOLOLOL--how can ANYONE be supportive of "regulators" that are NOT transparent and supposedly act "in the best intetests" of investors-HAHAHA. Thats contradictory!
Big pharma advertises that their "meds" INDUCE SUICIDE...and the SEC/FINRA( being spineless RETARDS) DO NOTHING!!!
Riiiiiigghhhttt!
Do well ALL

[janice shell]

Nothing. You read the email. He's proclaiming innocence. But I don't think that'll do him any good.

Whoever he really is.

[Buck84]

Just out of curiosity what does Statler say in his emails that is illegal? Anything?

[janice shell]

He needs to learn when to shut up.

[penknee]

Statler still believes PGFY is a great co. So it must be true. Just received this email.

"Hello StockTips.com Member!

Hey kids. Statler here. As you probably know trading on PGFY was temporarily suspended today. Noone is more upset about this than me.

We are fully supportive of regulators in their investigation on PGFY.

I still believe that PGFY is a good little company and I am frankly a bit taken aback by the whole situation. This is the first time that StockTips has ever experienced such a thing.

I am going to be working hard to keep you updated every step of the way. As soon as I hear / see something I will communicate it to you.

I am going to fight tooth and nail to ensure something like this never happens again.

My goal is to find you the best micro caps out there... This does not take us off the path.

I have a proven track record of bringing my subscribers winners. This will continue. Stay tuned for updates.



Happy Trading,






Mike Statler
Co-Editor, StockTips"

[janice shell]

Nonsense. They do have rules governing the imposition of suspensions. I've been told that it takes 30-40 "attorney hours" to get one done.

So they nailed PGFY as quickly as they could.

[236T568]

more than likely IB will wait until the stock starts trading to buy you in. They essentially have no choice...

[angelicsatan666]

It should be well known that the SEC intentionally and blatantly WONT stop these actions in the EARLIEST of times, I mean way way way early.
These actions AFTER the fact are CASH COWS to the SEC, they need to JUSTIFY their existence, so they ALLOW these "oversights" then come riding in as "knights in shining armor" HOGWASH!!!!!
Considering the SEC doesnt HAVE TO make its reasons/findings CONCLUSIVELY known, they then are untouchable and tyranical or a LAP DOG/PUPPET to "corporate America"
Hope y'all fair well!

[HotStockAce]

Ouch here. Hopefully no one here was in it after seeing what happen.

[janice shell]

lol, call 'em. Sounds as if one department there doesn't have the news.

[penknee]

Look what I just got:



NOTICE OF POSSIBLE BUY-IN


Based upon information available through 14:30 today, we remain unable to locate and borrow / re-borrow the shares necessary to meet delivery obligations on certain short stock positions in your account. As current SEC regulations now strictly enforce delivery obligations, these short stock positions will be subject to forced buy-in by IB should our continued efforts to borrow or re-borrow the necessary shares today be unsuccessful.

A list of stocks in your account that may be at risk to a forced buy-in, based on current settlement information is provided below. You may wish to consider repurchasing your position(s) in these stocks in order to control your portfolio/risk at any time prior to the end of the current regular trading session (16:00 EST). Transactions occurring after 16:00 cannot be considered against the delivery obligation.

PGFY (600 shares)

As noted above, we will continue to make every effort to locate and borrow the shares necessary to allow you to maintain these short positions, however, given the limited time available in the current trading session we will be unable to provide any further updates as to your account status until delivery of your daily activity statement. Please click here for additional information on the buy-in process.


Interactive Brokers Risk Management


Not sure how that's going to work!!!! lol

[janice shell]

We'll learn the details if the SEC brings suit against the perp/perps. Or, if there were blatant criminal actions involved, the DOJ.

What I've heard is that the S-1 buyer is from Vancouver, and traded through Caledonian in the Caymans, with the help of Legacy in Belize. Dealing with offshore individuals and entities is always a problem.

There were rumors that Babikian was behind the PGFY pump, but I'm not sure that makes sense. He's said to have set up shop in Dubai, or intends to do so; however, StockTips has been around for years

Yes, apparently APS was watched for years by various agencies. The problem is: do they want to stope these crimes before they happen, or do they want to catch the perps. They could have shut down APS at any time by doing what they finally did. Maybe they wouldn't have caught Babs, but hey, they HAVEN'T caught him.

What an action like that would have done was make it harder for him, his colleagues, and his clients to make hundreds of millions.

[penknee]

Is that info public at some point?


Doing some dd on this and a couple other big pumps we've had recently leads back to the same countries that APS hid behind. Just speculating, but I think it may be some of the old crooks are coming out of the woodwork after laying low for a while. But with the help of Canadian regulators the SEC can shut these down much quicker. Also you were saying that APS was being watched for a couple years. I read the same thing and wondered what the point was other than to let the doj build a case. Seems like an estranged wife did the most damage though. Funny how often that happens.

[Francis Marion]

Told ya

[HarveyWallbanger]

We were warned that this was coming. That's why I got out when I could. But I must admit that, at first, I didn't really believe this would happen, though. Any one who made money on this one is the recipient of some incredibly DUMB LUCK And for me, it happened not once, but twice. I made money, but one of these days, I know that my DUMB LUCKwill eventually run out.

[janice shell]

Just that no one knows who got those shares.

FINRA knows. The company attorney knows, because he handled the escrow account. Not that anything would have been put in escrow if the entire offering was sold to one person. But he would have handled the details of the transaction.

[penknee]

I shouldn't say lost. Just that no one knows who got those shares. The fact that the CFO doesn't know, and that he didn't have any shares is strange to me for a p&d.

[janice shell]

Hopefully he sold enough shares :P

Was such a bad company to go with in the first place..

I don't think you're getting this. StockTips did not "go with" the company. They were paid cash to promote it. Probably not as much cash as they claimed, but a substantial sum.

[janice shell]

No it won't

I think it will be. The SEC doesn't have the manpower to keep track of all promoters and their promotions. But once you catch their attention, they don't forget you. And they're taking a greater interest in touts than they once did. They suspended three APS plays in a row, and that was the end of APS. That, of course, was something they should have done two years earlier.

The people behind StockTips may be easier to find than Babs was. I'm sure they're already looking. The first step, obviously, would be to find "Mike Statler", the actor, and learn who employed him, and how he was paid.

[janice shell]

if the SEC was in it to protect people they could could have called an emergency cease of trade when it was free falling, but no, they let it go and the stock started coming back around giving people opportunity to make back some if not all their losses back.

No they couldn't. There is no mechanism by which the SEC could call an "emergency cease trade". What they ARE empowered to do is suspend for ten trading days. And that's what they did.

[janice shell]

just when some traders were getting confident and buying it, they suspend making them lose even more money..

Ain't that a shame. People should have known better.