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It should open Monday, March 6, Grey Market.
When will the start trading again?
That's short volume. Wholly unrelated to short interest, means nothing. Simply a market being made.
Likely when it opens at least 40% down, probably more, on the greys and any shorts, if any exist, cover with a nice profit. Otherwise, no profit, no reason to even watch...
A chunky profit? And where might that be?
If you're interested, use Google to determine the naked short interest.
If you're absolutely positive the naked shorts buried this company, I wish you well in future investments.
Those that are reading this - time will tell.
Well, naked shorts don't necessarily exist, quite likely they do not and have not in an amount of any value, and given that the name and CUSIP can't take place any longer and it's been banished to the grey market, they're likely happy to cover pretty quickly with a chunky profit within the first few hours of day one. It's a blind market, MM's and brokers at a huge advantage.
That doesn't include naked shorts, who would have suffered catastrophically due to the name+cusip change.
At any rate, no need to argue, we'll watch and see.
That's ridiculous, 14,100 in short interest, no problem covering, opening on the grey market, will lose a minimum of 50% almost instantly...
400,000 to 2million shorts to be covered, and not a lot of shares floating around, this might be a lot more interesting than you think.
Good luck to all longs.
Fraud, P and D...
Matched market, not worthless. Depending on broker, you might need their assistance to trade it. Throw out a number, if someone matches it, you can dump out. There will be trades, there really aren't shorts, and it will likely have a few high-ish prints from the pump groups still involved and the company desperate to dump everything they can. But, it would not surprise me to see it close sub penny within a few days...
Would behoove folks to contact your broker(s) and discuss an exit strategy for the open down the road. It will be matched trades only as there will be no market made and if one does not exit in the first day or two, you will likely never get out.
Lol, its getting interesting.
You are referring to the view from the office window? Or?
How'd that work out for ya?
Sucks for bag holders trying to dump out in the grey market though, where it will stay in perpetuity. Amateur p and d, low level APS wannabes, they failed, clearly...
Well that's nice the company is going to be fine...but its stock isn't...and won't ever be.
The word 'Toast' comes to mind when the sec steps in. It will open on the greys for about 10% current value. The best you can do is read up on the subject and play accordingly. Good luck.
This company, PPMH, is privately backed, and will be fine. That's what happens when you have real tangible intellectual property that is of significant value, having been developed over 15 years. Thank you guys for all your posts here and your concerns, the process is already underway. Look for news releases for updates.
I know, I was mocking someone who questioned me the other day when I said this was a pump and dump.
$SAGD Shareholders Have Good Reason to Be Nervous After SEC Suspends $PPMH http://www.theotc.today/2017/02/sagd-shareholders-have-good-reason-to.html
Stock is looking awesome right now isn't it!!!!
The most recent "short squeeze" pumps were truly low level and clearly fraudulent. Grey market it is...
not on the grey market it doesn't.
PPMH is a good company with a fantastic outlook.
No mention of fraud
the sec only suspends stocks for two reasons, delinquency and suspected fraud. this company is not delinquent, so..............
the suspension is for fraud, in the strongest terms the sec can use.
The suspension is only because of a CUISP change right?
Yes. In 10 days the suspension comes off. This isn't even an SEC filer and they are in trouble. Same thing is going to happen over at SAGD. Neither of these companies are worth spit.
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.
The SEC review will be resolved, and lifted.
that never, ever happens. the suspension will end at midnight 03/02/17 and trading will resume on the grey market on the third. period.
Yup. But AwesomePenny.Tips was the main pumper.
So much for that recommendation.
lol. when this reopens on the grey market on 03/03/13 the price will drop 60 to 90 percent.
Try $.0002!
You will not get your money back unless you got in around .20
those numbers are inverted. try .02.
Awesome Penny Stocks issues a pump and dump on its first stock of the year and it's suspended. You will not get your money back unless you got in around .20
Suspensions are fun.
Ever hear about reorg? Nobody is or were short this stock, but it is suspended and most likely now under investigation by the SEC.
"This idiotic company chose to spam the wrong person"
Apparently so. Done like dinner.
and it's about to change.
it sure is.
PPMH SEC Suspension:
https://www.sec.gov/litigation/suspensions/2017/34-80049.pdf
Order:
https://www.sec.gov/litigation/suspensions/2017/34-80049-o.pdf
Excerpt:
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.
2oclockstocks.com just sent out a recommendation to buy in anticipation of a short cover.
I'll play the squeeze today ;) $PPMH
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In June 2016, PPMH appointed a new CEO, Mr. Paul Baioni, and under his leadership the company has been restructured for growth; leaving the past behind. Under his leadership the company ended its interest in Pari-Mutuel gaming and online betting and headed in a new direction. The direction of the company is now to acquire and manage innovative technologies for the purpose of profit.
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