Patriot Energy Corporation (PGYC)

[jpp09]

1) Yes you are correct, you can short a penny stock, however it is very difficult to do for the average investor. Many brokers have lower limits on what can be shorted. The shorted shares have to be on a shareholders margin account. Many brokers require a backstop (margin) of up to $.25 to $2 per share (i.e. to short 100,000 shares it would tie up $25,000 - $200,000 in margin). There may be some naked shorting, but the broker for that would have to be crazy to allow it.

2) Maramara Motorlu Araclar is a real company, I have no doubt they have a warehouse. The problem is that the real company has nothing to do with PGYC. Just go to their website, they state this is a scam: http://www.marmaraparts.com/default.asp?x=1

3) Both marmaragcc and alcosesgroup website were clearly frauds. PGYC sent out the PR. So either PGYC commited fraud or Alcoses group commited fraud. Both are in a "200 million dollar" deal. Most companies would have called this off by now if the buyer was sending them BS.

There is a 99% chance that this is all PGYC (IMO). The other 1% is there is another scammer behind all of this. There is no alcoses group, no deal, nothing, all was played out for a few million dollars profit. Think about it this way, there are probably 5-10 people involved here, they started this in mid February, it will be over in June. So they worked this for 4 months, they will end up with 3-5 million "profit", divided by 10 = 300k each for 4 months "work". Assuming their is some hierarchy, those at the top may have come out with $1million+ each.