Replies to post #23340 on Value Microcaps Motherboard

[PrinceCove]

I wouldn't be surprised to see a short squeeze into close today on PDGE. Tug of war between Rita and today's news.

[blue_in_MI]

PDGE: i am still trying to sort this all out. really is this S-2 in regards to the flagship acquisition? per the sec filing about the flagship acquisition:

http://www.sec.gov/Archives/edgar/data/771485/000095015205007412/0000950152-05-007412.txt

about 20% of the way down it talks about $250K of stock, plus 250k warrants at $1, plus up to 150K shares of the "purchase price warrants". plus of course the cash and earn-out.

haven't read the full s-2 yet, planning to tomorrow am. but - that's nowhere *near* the 16M+ shares in the s-2 today.

are some of the shares to be sold to cover the $5.5M in cash for flagship?

but then what about the $7M private placement PR'ed back on july 5, i thought that $ was earmarked for flagship?

http://biz.yahoo.com/bw/050705/55155.html?.v=1

still need to research, but i admit i was surprised that the number of shares was so high in the S-2 today.

under the "recent developments" section of the S-2:

http://www.sec.gov/Archives/edgar/data/771485/000095015205007761/j16127asv2.htm

it talks about:

"In addition, we completed a private placement transaction pursuant to which we issued 5,500 shares of Series C Convertible Preferred Stock (the “Series C Preferred”) and warrants exercisable for up to 3,437,500 shares of our common stock and for up to 1,375 shares of Series C Preferred to a group of investors (the “Preferred Stockholders”) for an aggregate purchase price of $5,500,000."

so it would seem like this is where the $5.5M for flagship came from.

maybe i'm an idiot, since everyone is talking about how this is all "old news". i have been following PDGE news, but i admit that was caught off guard by the *size* of the S-2, and at first glance it doesn't seem to me like it can all be related to the flagship acquisition, as everyone seems to be saying both here and on the PDGE board.

i'll keep researching, but - can someone help me understand what i am missing and why this is all purely old news, and why the S-2 share number was so large today?

btw rrufff i am not disagreeing with your post, have followed your picks and am amazed at how well you've done, and i'm sure you're a better and more knowledgeable trader than me, seriously. i still hold and like PDGE. but just hoping that you or someone can help me fully understand PDGE's S-2 today.