Replies to post #35 on Pegasus Wireless Corp. (fka PGSW)

[JB2U]

The fool says>>"I must credit the management team for this brilliant and inventive ploy to boost the stock. I have never heard of another company doing this -- not even Overstock.com (Nasdaq: OSTK), which is famously engaged in a battle with naked shorts. Although I still believe that the stock of Pegasus is over-valued and over-hyped based on the fundamental value of the business, I wouldn't want to have a short position at this point
"

[MrSparex]

The Fools article states this:
"The deadline for brokers to report beneficial shareholders to Pegasus' transfer agent is August 28" but Pegasus' PR's say 15 days from August 11th.
In the same release (from Pegasus) it states:
"Registered shareholders as of the close of the market on August 11, 2006, will be entitled to receive one common stock purchase warrant at a strike price of $8.00 for every ten shares of Pegasus Wireless common stock owned."
and
"Eligible shareholders will have 15 days from the above-mentioned date of record to receive their warrants."
Sooo...If a person only reads the Fool's article they will assume that it's all over today because Monday is the 28th (The Fool's stated deadline). If they see it drop badly today without seeing the other PR's then they will figure "it's over...shorts win" but if the 15 days are 15 business days (they probably are) then it's not over for another week. Sept. 1st is Friday I believe.
I'm expecting a very red day today followed by some serious green sometime after Monday! IMO

[lefty18]

Oops, the motley fool gets it wrong again. Stating "I would not want to be shorting this..." at $8.00 a share. You could have made almost 100% on your short in about a month and a half since then.

Man, I hope those financial wizards are getting the hefty salaries that they deserve for their shrewd insights.