First of all, I would like to congratulate Don, Mark, Steve, Esxtarus and so on for having faith in the company for such a long time. You guys were the reason that I bought this stock last summer.
With respect to the short issue, that's exactly the reason why the VSE halted the stock. Here's a report from the Insider Report that you guys might find interesting.
'Pyng, first featured nearly two years ago at $1.10, was halted pending clarification of trading activity today as the stock hit a new alltime high of $6.00 on very strong volume. Pyng is currently at a huge medical conference where the company and their device are the talk of the conference.
The 'halt' comes at a very interesting time. Canaccord, in their 'Morning Coffee', stated last week that 'promotion appears to be running out of steam' when the stock was trading near $4. Could it be that some of the larger brokerages had begun shorting Pyng based on the fact that it was doing so well in such a poor market and are now getting PYT halted in an attempt to slow down the momentum? We will find out soon. If the stock re-opens for trading on Monday morning after the company announces 'No Significant Change', then this is not the case'.
Either way, I think they really shot themselves in the foot this time.
Instead of stopping or slowing down the momentum, they probably just did the opposite with all the pending news coming out this week.
Keep up the great thread! |
