Prestige Capital Corp (fka PGEC)

[db7]

thanks for sharing lucky; wish the SEC prosecuted the problem (aka that poster spreading misinformation) instead of the company

[lucky, mydog]

from nodummy;

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=154888626

[tdbowieknife]

Maybe a better tact would have been for the SEC to contact the company and let them know their concerns; maybe say you should release a pr clarifying things..etc..

I suspect the SEC did, and got the wrong answers.

.

[db7]

I still am unable to find a 'Prestige Capital' company selling n-95 masks???

Anyone found anything related to this?

[db7]

It's a fully-reporting shell BUT honestly I'm thinking along those same lines as shells have come under scrutiny over the past few years due to 'some' bad eggs used for scams. I assure you there have been a lot of legit reverse-mergers over the years.

[elkonig]

Perhaps this is just a great excuse for the SEC to shut down this crap company PGEC that has never made a dime and yet has traded around the $1.00 to $2.00 mark without any justification.

[lucky, mydog]

the sec does not suspend and then investigate. they investigate and then suspend. only if the sec brings further enforcement action via a lawsuit will we find out what the sec did.

[tutankhamuns]

No position here, but this situation is interesting. Do you think that the SEC can prove that the company was aware of the inadvertent COVID-19 connection?

I don’t see how the responsibility falls on the company to address something that they may have absolutely zero knowledge of...

$PGEC

[db7]

How did they know? I googled trying to find news associated with this company and couldn't find anything for the past few weeks-

not only that but historically this has traded above $2

illiquid shells tend to have wide trading ranges imo

I know i'm wasting my breath and nothing is going to change this suspension BUT it's the most questionable thing I've ever seen in my 20 years of trading

Maybe a better tact would have been for the SEC to contact the company and let them know their concerns; maybe say you should release a pr clarifying things..etc..

have a good day

[lucky, mydog]

Again, they did nothing wrong at all-

maybe not, but that's not the point. it appears some investors in the market place thought this was a covid play. whether or not it actually was doesn't matter. what matters is that the sec is protecting future investors from making that false assumption.

you say the company did nothing wrong, but they really did. they knew the covid stories yet did nothing to dispel the false narrative. they never p.r.'d covid? perhaps that's the problem.

[db7]

uh they are a shell as stated in all of their filings; what supposedly happened here seems to be that 'someone' assumed the company's trading benefitted b/c another company with a similar name had covid news.

Ok, BUT why should 'this' entity be punished over that? Again, they did nothing wrong at all-

[lucky, mydog]

doesn't matter.

Suspension "because of questions that have been raised about the accuracy and adequacy of information in the marketplace relating to PGEC common stock, including its financial condition and its operations, if any,

[db7]

right BUT show me where they promoted OR pr'd anything regarding corona?

they didn't-

another company just happened to have a similar name to them..

[lucky, mydog]

https://www.sec.gov/oiea/investor-alerts-and-bulletins/ia_coronavirus

[db7]

And no one seems to think this is odd? The company did nothing wrong and has traded over $2 several times historically...

[lucky, mydog]

yup.

[db7]

So just like that, 1 of my most pristine shells (that is fully reporting) that I have held forever has been destroyed through no fault of their own...

[Renee]

Prior to March 10,2020 PGEC was basically an illiquid stock that had periodic trades at .44. I do not know specific details about the private company, but when PGEC's stock gained traction and had a high PPS of $2.95 on the private company's news it then became the public company's ethical responsibility to inform investors and potential investors that Prestige Capital Corp. had no business activities with COVID-19. The company did not inform investors of the misunderstanding so the SEC suspended PGEC to protect potential investors.

Existing shareholders also had an individual responsibility to research why the stock went from 44 cents to $2.95, and that the reasons were directly related to the private company's COVID-19 business activities.

https://ih.advfn.com/stock-market/USOTC/prestige-capital-pk-PGEC/historical/more-historical-data

[db7]

interesting 'and' strange.. So a company can be suspended even if they didn't do or say anything just because another company with a similar name is getting pr?

This seems like a horrible precedent imo.. let's punish a publically-traded entity and it's shareholders because another company has a similar name (?)

or am I missing something here?

disclosure: long PGEC

[Renee]

PGEC SEC Suspension "because of questions that have been raised about the accuracy and adequacy of information in the marketplace relating to PGEC common stock, including its financial condition and its operations, if any, in light of concerns about investors confusing this issuer with a similarly-named private company that is a manufacturer of N95 masks and the subject of increased media attention during the ongoing COVID-19 pandemic."

https://www.sec.gov/litigation/suspensions/2020/34-88584.pdf

Order:

https://www.sec.gov/litigation/suspensions/2020/34-88584-o.pdf

[lucky, mydog]

time out.

[db7]

still zero chatter but being bought up.. tiny, tiny float

[db7]

hopefully something good coming here; the market is getting destroyed and we are holding solid here with unusual interest & buying



Date/Time


Price

Shares

Exch/Mkt


03/18/2020 13:58:49 EDT 0.70 130 OTCPK
03/18/2020 13:41:56 EDT 0.70 400 OTCPK
03/18/2020 13:41:46 EDT 0.61 100 OTCPK
03/18/2020 13:35:31 EDT 0.70 400 OTCPK
03/18/2020 13:35:20 EDT 0.60 100 OTCPK
03/18/2020 13:31:02 EDT 0.70 1400 OTCPK
03/18/2020 13:30:56 EDT 0.60 100 OTCPK
03/18/2020 12:15:14 EDT I 0.70 25 OTCPK
03/18/2020 11:18:22 EDT 0.70 400 OTCPK
03/18/2020 11:18:18 EDT 0.60 100 OTCPK
03/18/2020 10:05:22 EDT 0.70 100 OTCPK
03/16/2020 15:40:45 EDT 0.50 2400 OTCPK
03/16/2020 15:40:35 EDT 0.75 100 OTCPK
03/16/2020 13:50:44 EDT I 1.00 2 OTCPK
03/13/2020 14:03:53 EDT I 0.50 32 OTCPK
03/13/2020 14:03:47 EDT 0.75 100 OTCPK
03/12/2020 13:49:13 EDT I 0.50 20 OTCPK
03/12/2020 13:49:02 EDT 0.75 100 OTCPK
03/12/2020 13:22:42 EDT I 0.50 20 OTCPK
03/12/2020 13:22:29 EDT 0.75 100 OTCPK
03/12/2020 13:09:38 EDT 0.50 1000 OTCPK
03/12/2020 13:09:34 EDT 0.50 100 OTCPK
03/11/2020 15:47:25 EDT 0.53 500 OTCPK
03/11/2020 15:47:04 EDT 0.70 1000 OTCPK
03/11/2020 15:46:58 EDT 0.70 1000 OTCPK
03/11/2020 14:20:47 EDT 0.80 400 OTCPK
03/11/2020 14:20:47 EDT 0.80 1000 OTCPK
03/11/2020 14:20:42 EDT 0.80 1100 OTCPK
03/11/2020 11:31:07 EDT 0.775 100 OTCPK
03/11/2020 9:32:20 EDT 0.75 1000 OTCPK

[db7]

Buyers and then bids. Abnormal here but maybe nothing

[CashCowMoo]

hmmmm what?

[db7]

hmmm...……..

[db7]

'actually' they converted notes to shares recently which could be a sign they are getting ready to do a deal imo

[GreekSeas0ning]

10 Q is garbage

"Notes Payable and Accounts Payable – Related Party: The Company has borrowed a total of $152,115 from a stockholder. This note payable is unsecured, due on demand, and bears interest at 8% per annum. At June 30, 2019, accrued interest for this note payable totaled $30,487. No payments for principle or interest have been made to date for this note. In addition, this stockholder provided, or paid on our behalf, professional services in the amount of $3,000 during the 2019 six month period and the Company owes this stockholder accounts payable totaling $9,600."

Plus they say it a few paragraphs earlier they changed only pay reporting and filing fees via issues stocks and debt notes.

[Hanibal]

Whacked again. Almost 3k shares @ 60 cents on ask now

[lowfloatmaster]

IDK , JUST SAW THE NEWS FROM EARLIER THIS YEAR AND FIRST TIME IT TRADED SINCE 2017
WELL SEE .. JUST HAVE ON WATCH

[CashCowMoo]

ok so what does that mean though? Is this going to become something

[lowfloatmaster]

LOOKS LIKE THIS 80 PERCENT OWNED BY GREAT ELM CAPITAL.. STRONG COMPANY 4OO MILL IN ASSETS ..

[db7]

$1.25 x $2.00, EDIT someone whacked 1,500 now .582 x 1.20

[CashCowMoo]

Interesting

[db7]

volume today (albeit small).. rare for this beast-

[db7]

interesting, in 10Q filed on 5/6, I believe this verbiage is new:

"


As of the date of this report management is investigating a potential merger or acquisition of a company. However, we have not entered into any definitive agreement relating to a transaction as of the filing date of this report. We anticipate that the evaluation of this opportunity will be complex. We expect that our due diligence will encompass meetings with its business management and inspection of its operations, as well as review of financial and other information that may be available to our management. This review may be conducted either by our management or by unaffiliated third party consultants that the Company may engage. The Company’s limited funds and the lack of full-time management will likely make it impracticable to conduct an exhaustive investigation.





"

[db7]

interesting.. in 10k, "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers



Pursuant to a Board resolution dated March 28, 2016, the Board appointed Robert C. Taylor to fill one of the two director vacancies on the Board. Subsequently, the Board accepted the resignation of Joseph C. Cannella as Director, President and Secretary/Treasurer of the Company. Mr. Cannella decided to resign his management positions with the Company to pursue other interests. He has not expressed any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. On that same date, the Board appointed Mr. Taylor to serve as the President, Secretary and Treasurer of the Company.



Mr. Taylor is 82 years old and owns and operates a vehicle leasing company. Mr. Taylor’s experience (See Item 10, below) owning and operating his own vehicle leasing business may prove helpful in our search and selection of a business opportunity. During the past ten years he has not been involved in any legal proceedings that are material to an evaluation of his ability or integrity. Prior to his appointment, Mr. Taylor was a less than 5% shareholder of the Company and he has no family relationship with Mr. Cannella.



The Company has not entered into any written compensation agreement with Mr. Taylor as of the date of this report, but the Company may enter into such an agreement in the future.


"

[db7]

.45 x .60.. shares have been coming loose for about a month or so now*

hoping to see something material from the company sometime soon(?)




*

Historical Prices
Date Open High Low Close Volume Adj
Close
2016/02/26 0.45 0.45 0.45 0.45 - 0.45
2016/02/25 0.45 0.45 0.45 0.45 - 0.45
2016/02/24 0.45 0.45 0.45 0.45 - 0.45
2016/02/23 0.45 0.45 0.45 0.45 - 0.45
2016/02/22 0.45 0.45 0.45 0.45 - 0.45
2016/02/19 0.45 0.45 0.45 0.45 - 0.45
2016/02/18 0.45 0.45 0.45 0.45 - 0.45
2016/02/17 0.45 0.45 0.45 0.45 - 0.45
2016/02/16 0.45 0.45 0.45 0.45 - 0.45
2016/02/12 0.45 0.45 0.45 0.45 500 0.45
2016/02/11 0.60 0.60 0.50 0.50 3,500 0.50
2016/02/10 0.68 0.68 0.68 0.68 - 0.68
2016/02/09 0.68 0.68 0.68 0.68 - 0.68
2016/02/08 0.68 0.68 0.68 0.68 - 0.68
2016/02/05 0.68 0.68 0.68 0.68 - 0.68
2016/02/04 0.68 0.68 0.68 0.68 - 0.68
2016/02/03 0.68 0.68 0.68 0.68 2,000 0.68
2016/02/02 0.80 0.80 0.70 0.70 2,900 0.70
2016/02/01 0.80 0.80 0.80 0.80 - 0.80
2016/01/29 0.80 0.80 0.80 0.80 - 0.80
2016/01/28 0.80 0.80 0.80 0.80 - 0.80
2016/01/27 0.80 0.80 0.80 0.80 - 0.80
2016/01/26 0.80 0.80 0.80 0.80 - 0.80
2016/01/25 0.80 0.80 0.80 0.80 - 0.80
2016/01/22 0.80 0.80 0.80 0.80 1,000 0.80
2016/01/21 0.80 0.80 0.80 0.80 1,400 0.80
2016/01/20 1.00 1.00 0.80 0.80 1,500 0.80
2016/01/19 1.00 1.00 1.00 1.00 - 1.00
2016/01/15 1.00 1.00 1.00 1.00 - 1.00
2016/01/14 1.05 1.05 1.00 1.00 600 1.00
2016/01/13 1.30 1.30 1.05 1.05 400 1.05
2016/01/12 1.40 1.40 1.40 1.40 500 1.40
2016/01/12 - - - - - -
2016/01/11 1.55 1.55 1.55 1.55 200 1.55
2016/01/08 1.60 1.60 1.60 1.60 - 1.60
2016/01/07 1.60 1.60 1.60 1.60 - 1.60
2016/01/06 1.60 1.60 1.60 1.60 - 1.60
2016/01/05 1.60 1.60 1.60 1.60 - 1.60
2016/01/04 1.60 1.60 1.60 1.60 - 1.60
2015/12/31 1.60 1.60 1.60 1.60 - 1.60
2015/12/30 1.60 1.60 1.60 1.60 100 1.60
2015/12/29 1.60 1.60 1.60 1.60 500 1.60
2015/12/28 1.65 1.65 1.65 1.65 - 1.65
2015/12/24 1.65 1.65 1.65 1.65 - 1.65
2015/12/23 1.65 1.65 1.65 1.65 300 1.65
2015/12/22 1.40 1.50 1.40 1.50 600 1.50
2015/12/21 1.35 1.35 1.35 1.35 - 1.35
2015/12/18 1.10 1.35 1.10 1.35 473 1.35

[db7]

1.35 x 3

[db7]

.90 x 2 .. 1st time ask has been this low in a while

[db7]

Actions\Amendments


Action Type: Annual List
Document Number: 20140822192-41 # of Pages: 1
File Date: 12/22/2014 Effective Date:
14-15

[db7]

http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=awo0MJte0kAZOXxgpjqRWA%253d%253d&nt7=0

[db7]

10-K filed relatively early compared to historical 10-K filings....


significant or not-

[db7]

OK, what am i missing here.. how did somebody buy all these* shares and not file anything???


*(see Post 1)
Recent form 4 show the following changes in ownership:

Dan Bass - sold 466,000 @ .204
Whitney O. Cluff - sold 234,000 @ .235
Robert Charles Taylor - sold 420,000 @ .10

[db7]

Beneficial Ownership



The following tables set forth the beneficial ownership of our outstanding common stock of our management and of each person or group known by us to own beneficially more than 5% of our voting stock. We have not issued any shares of preferred stock. Beneficial ownership is determined in accordance with the rules of the SEC and generally includes voting or investment power with respect to securities. Except as indicated by footnote, the persons named in the table below have sole voting power and investment power with respect to all shares of common stock shown as beneficially owned by them. The percentage of beneficial ownership is based on 2,532,200 shares of common stock outstanding as of March 12, 2013.


CERTAIN BENEFICIAL OWNERS



Name and address of beneficial owner


Amount and nature

of beneficial ownership


Percent

of class

Tryant, LLC (1)
1608 W 2225 S

Woods Cross, UT 84067


520,000 20.54




CERTAIN BENEFICIAL OWNERS - Continued



Name and address of beneficial owner


Amount and nature

of beneficial ownership


Percent

of class

Clair Olson

768 Gull Avenue

Foster City, CA 94404


181,524 7.17

Jason Williams

544 S 50 W

Farmington, UT 84025


172,524 6.81
(1) Mr. Daniel Drummond is the managing director of Tryant, LLC and these shares are considered beneficially controlled by Mr. Drummond.




MANAGEMENT



Name of beneficial owner


Amount and nature

of beneficial ownership


Percent

of class
Joseph C. Cannella 0 0
Directors and officers as a group 0 0

[db7]

deleted

[db7]

183,580 float?

[db7]

o/s: 2,332,200 and former insider ownership of:

2,148,620 (~92%)-->

Name and Address of Amount and Nature of Percentage
Title of Class Beneficial Owner Beneficial Ownership of Class
Common Whitney O. Cluff (1) 244,000 10.5
4751 Ichabod Drive
Salt Lake City, UT 84117

Common William Ledyard Mitchell III (2) 10,000 0.4
7659 Hampton Park Lane
Las Vegas, NV 89113

Common John Kevin Bushnell (2) 10,000 0.4
2178 East Roosevelt Ave
Salt Lake City, UT 84108

Total Officers and Directors as a 264,000 11.3
Group - 3 persons

Common Dan Bass 466,000 20.0
3267 East 3300 South #202
Salt Lake City, UT 84109

Common Clair Olson 181,524 7.8
768 Gull Ave
Foster City, CA 94404

Common Tryant, LLC (3) 520,000 22.3
1608 West 2225 South
Woods Cross, UT 84067

Common Robert Charles Taylor 544,572 23.4
622 East 3945 South
Salt Lake City, UT 84107

Common Jason F. Williams 172,524 7.4
544 South 50 West
Farmington, UT 84025


Recent form 4 show the following changes in ownership:

Dan Bass - sold 466,000 @ .204
Whitney O. Cluff - sold 234,000 @ .235
Robert Charles Taylor - sold 420,000 @ .10