Pegasus Wireless Corp. (fka PGSW)

[PhillyPA65]

Market Cap: $1.43 Billion to $1.76 Million ???

Pegasus Wireless Corporation (PGSW, formerly PGWC) was listed on the NASDAQ Global Stock Exchange from April 21, 2006 until they voluntarily de-listed on December 11, 2006.

Russell 2000/3000 index funds were required to buy PGWC shares due to its temporarily large market cap (nearly $1 billion).

Russell Index buying may have occurred on June 30, 2006 and again when the Index was rebalanced from August 28 to September 1, 2006.

Pegasus Wireless announced their plan to de-list from the NASDAQ Global Stock Exchange on September 25, 2006. Stock closed at $1.07 on September 25, 2006.

Stock reached a 52 week high of $18.99 ($94.95 split adjusted) on May 5, 2006.

"As of March 31, 2006, there were 75,153,859 shares of voting stock of the registrant issued and outstanding" based on the quarterly earnings report filed May 8, 2006.

75,153,859 shares x $18.99 per share = $1,427,171,782.41 (Market Cap)

Yes. $1.43 billion market capitalization.

Today, the company has a market capitalization of $1.76 million based on 41.91 million outstanding shares.

http://finance.google.com/finance?client=ig&q=OTC:PGSW

http://finance.yahoo.com/q/ks?s=PGSW.OB

The Pegasus Team - Who are the people in these photographs Jay Knabb, President and CEO of Pegasus Wireless Corp., Rings The NASDAQ Stock Market Opening Bell on Wednesday, July 19, 2006 at NASDAQ's Market Site in New York City.

Pictures: http://www.nasdaq.com/reference/200607/market_open_072106.stm


NASDAQ CEO Signature Series Video Interview with CEO (July 21, 2006)

http://www.nasdaq.com/investorscenter/ceodefault.stm

Windows: http://origin.vcall.com/console/getStream.asp?ID=109178

Real Player: http://origin.vcall.com/console/getStream.asp?ID=109179