PKG Entertainment (OTC: PKGN) announced today that it will be meeting with a leading Specialist Firm on the American Stock Exchange in New York later this week to discuss becoming a new AMEX traded security. The recent volatility of PKGN common stock has shown that a more orderly trading environment is needed to accurately reflect the recent growth and performance of the company.
"Management has determined that becoming an American Stock Exchange listed security should be a primary goal for the company to ensure that our shareholders are not only better protected but to also give new shareholders the best possible trading environment in which to invest," says Sandy Krolick, PKG CEO.
The American Stock Exchange (AMEX) is one of the largest and most well respected stock and options exchanges in the world. The AMEX is an auction market where prices for a diverse array of products -- stocks, options, exchange traded funds and structured products -- are determined by public bids to buy and offers to sell. By centralizing order flow on the trading floor, giving public orders priority, and executing orders by price and time sequence regardless of size or source, investors trade on a level playing field and are ensured the best available price.
Trading in every AMEX security is overseen by "specialists" who are experienced market professionals from leading firms in the financial industry, stationed on the trading floor. As members of the AMEX, specialists must meet specific obligations in order to fulfill their primary responsibility of maintaining a fair and orderly market in their securities.
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