SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : PYNG Technologies -- Ignore unavailable to you. Want to Upgrade?


To: Sapper who wrote (828)3/14/1998 12:14:00 PM
From: Coho  Read Replies (1) | Respond to of 8117
 
I would be very surprised if Pyng is not trading Monday. It is obvious all of the company affairs are in order. Unfortunately the VSE in their incompetence halt without doing their diligence. Their paranoid behavior is a big part of the problem companies have operating on the exchange.

For our American friends, the VSE has been the target of several reviews the last few years initiated by our local politicians for their own political advantage. The exchange has stringent enough rules without their monitors behaving in paranoia!

Tell me I'm wrong if trading doesn't begin Monday.



To: Sapper who wrote (828)3/14/1998 1:33:00 PM
From: AriK-A  Read Replies (1) | Respond to of 8117
 
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!