posted December 26, 2003 12:59            

On another note, remember that PGHI pay people and services with shares so it's normal that at some point those people will want to sell because it's their salary!

We're doing great, no worries here, still long and strong!

posted December 26, 2003 13:00            

Base Building is what we're doing

posted December 26, 2003 13:04            

*** Future's so Bright ***
mach

quote:

---

Originally posted by stockguy04:
im not tryin to be negative.. i just wanted to know why there was more selling then buying today... and why that selling was in such great volume

---

posted December 26, 2003 13:05            

GL

quote:

---

Originally posted by tommy:
It's normal that some selling is going through, that's why it's called trading, you can't just have buys all the time!

On another note, remember that PGHI pay people and services with shares so it's normal that at some point those people will want to sell because it's their salary!

We're doing great, no worries here, still long and strong!

GLTA

---

posted December 26, 2003 13:08            

quote:

---

Originally posted by machtabow2:
Magoo. Looks like they filled part of your order before you cancelled. Keep in mind that Level II quotes are delayed people. MM do not report that accurately. I've learned that from experience! mach

---

That's OK

I will take what the give me.

Did secure more earlier on at .041 so any other fills are welcome.

This will give allow me more buying power on Monday and the week to come. I do have my limits as to how much chash I can put in this, so I do not want to burn it all at once. I would like to secure another 2 million shares to add to my overall take. However I would like to stair step it up so that my overall average will increase in the profit. I would like to buy in chunks so that the base will increase.

posted December 26, 2003 13:15            

quote:

---

Originally posted by tommy:
Just a side note, I find it funny how some people expect a stock to go up non-stop all the time without retracing or consolidating! It is on these occasions that you can see who's new to the trading world and who's not.

GLTA and see you next week!

---

posted December 26, 2003 13:18            

quote:

---

Originally posted by stockguy04:
has there ever been another stock with a thread this long on this board. if so i am curious to results of last time. Ive never seen so much interest in such a stock... on another note .. is it the game rental website that everyone likes so much because if it is .. what makes you guys think that they can compete with people like blockbuster who offer $20 dollar a month unlimited rentals...
i do see alot of potential in this stock and have gotten in myself at 3 different points. i just wanted to know what you guys thought about that. thax

---

posted December 26, 2003 13:26            

quote:

---

Originally posted by machtabow2:
Magoo. Looks like they filled part of your order before you cancelled. Keep in mind that Level II quotes are delayed people. MM do not report that accurately. I've learned that from experience! mach

---

Mach

They did fill a part order before close.

It might have helped the close step up to .04

posted December 26, 2003 13:29            

Kmart was once one of the leading Retail companies in the world... Walmart didn't decide to compete with them. They decided to capture the market and create a niche that the "big companies" at the time missed. The market is in constant evolution...

This is a development stage company priced at .04. Blockbuster is currently trading at $17. My investment here is for what I believe to be the potential for dramatic growth and added shareholder value.

Stockguy... hope you have the opportunity to read the thread... Many of the questions you are asking have been covered in detail... Good luck to you.

Also feel free to do DD and add your finds to the thread. It's always greatly appreciated. Will help out substantially.

Thanks again. mach

quote:

---

Originally posted by stockguy04:
has there ever been another stock with a thread this long on this board. if so i am curious to results of last time. Ive never seen so much interest in such a stock... on another note .. is it the game rental website that everyone likes so much because if it is .. what makes you guys think that they can compete with people like blockbuster who offer $20 dollar a month unlimited rentals...
i do see alot of potential in this stock and have gotten in myself at 3 different points. i just wanted to know what you guys thought about that. thax

---

posted December 26, 2003 13:38            

Of course it's not as bad as the RB board that's why I prefer posting here!

posted December 26, 2003 13:41            

*** Future's so Bright ***
mach

quote:

---

Originally posted by tommy:
I'm not and will not point fingers at anyone but we have to be aware that this board is not basher-proof and as we go along with the development of this company and stock, we will see many subtle bashers appear here and there!

Of course it's not as bad as the RB board that's why I prefer posting here!

GLTA

---

posted December 26, 2003 13:59            

quote:

---

Originally posted by machtabow2:
Gotcha! This makes perfect sense....

*** Future's so Bright ***
mach

---

There will alway be people who bring up points which make us think maybe they are negitive. As long as they are questioning without knowing all the facts then they are just asking and there should be no offence taken.

I believe that eveyone needs to do their own research and feel that you are not being pulled into a situation by what others have said.

It is the responsibility of the person pushing the buy key and take the responsibility for their own decisions.

I personally do not give advise because I do not want people to invest because of what I have said about the stock. I am one of the larger holders in this stock and will be buying more which is my decision.

My posts are just statements of what I am doing and not intended to try to sway anyone to buy or sell. Just stateing what my moves are so that it might give some insight of what the market might do accordingly.

Do not take this as me being uncomfortable with any comments but I do not want anyone to invest unless they have done their own research and feel comfortable with their decisions.

posted December 26, 2003 14:04            

j160e

quote:

---

Originally posted by stockguy04:
has there ever been another stock with a thread this long on this board. if so i am curious to results of last time. Ive never seen so much interest in such a stock... on another note .. is it the game rental website that everyone likes so much because if it is .. what makes you guys think that they can compete with people like blockbuster who offer $20 dollar a month unlimited rentals...
i do see alot of potential in this stock and have gotten in myself at 3 different points. i just wanted to know what you guys thought about that. thax

---

posted December 26, 2003 14:08            

Great to have someone like you on board Magoo, it proves that this stock although still a pennystock, is attracting and will attract many more serious investors and not just day traders!

GLTA

quote:

---

Originally posted by Magoo:
There will alway be people who bring up points which make us think maybe they are negitive. As long as they are questioning without knowing all the facts then they are just asking and there should be no offence taken.

I believe that eveyone needs to do their own research and feel that you are not being pulled into a situation by what others have said.

It is the responsibility of the person pushing the buy key and take the responsibility for their own decisions.

I personally do not give advise because I do not want people to invest because of what I have said about the stock. I am one of the larger holders in this stock and will be buying more which is my decision.

My posts are just statements of what I am doing and not intended to try to sway anyone to buy or sell. Just stateing what my moves are so that it might give some insight of what the market might do accordingly.

Do not take this as me being uncomfortable with any comments but I do not want anyone to invest unless they have done their own research and feel comfortable with their decisions.

Good Luck to all

---

posted December 26, 2003 14:08            

You make a good point.The more growth you have the more people will try to tear you down.I guess that is just in some peoples makeup.I tend to believe it is the woulda,coulda,shoulda,
that never did anything about it type of people.They are only happy if they can make everybody as miserable as they are.Well we all know that at some time they will show up
but if we are clever enough to disregard their remarks they will go away.This is a strong force of shareholders and we need to be that way on bad days and good days.Patience and controlling emotions will keep this going strong.7 million on a slow day...looks like the big ones are right around the corner.

POSTED BY TOMMY
I'm not and will not point fingers at anyone but we have to be aware that this board is not basher-proof and as we go along with the development of this company and stock, we will see many subtle bashers appear here and there!
Of course it's not as bad as the RB board that's why I prefer posting here!

GLTA

posted December 26, 2003 14:18            

Magoo- good move holding out until next week when we will have the whole market on PGHI represented

I managed to pick some more shares near the close, and look foward to next week-

The CEO will be coming off his vacation soon, and we should be expecting a PR about the new site.

From what I've heard from emails from the company, the site is designed and finished, just needs a few operational details concluded before the beta test and final roll out.

posted December 26, 2003 14:29            

j160e

quote:

---

Originally posted by Magoo:
There will alway be people who bring up points which make us think maybe they are negitive. As long as they are questioning without knowing all the facts then they are just asking and there should be no offence taken.

I believe that eveyone needs to do their own research and feel that you are not being pulled into a situation by what others have said.

It is the responsibility of the person pushing the buy key and take the responsibility for their own decisions.

I personally do not give advise because I do not want people to invest because of what I have said about the stock. I am one of the larger holders in this stock and will be buying more which is my decision.

My posts are just statements of what I am doing and not intended to try to sway anyone to buy or sell. Just stateing what my moves are so that it might give some insight of what the market might do accordingly.

Do not take this as me being uncomfortable with any comments but I do not want anyone to invest unless they have done their own research and feel comfortable with their decisions.

Good Luck to all

---

posted December 26, 2003 14:36            

Lets all remember that:

If I remember on the 24th it went up around 12% then pretty much closed flat.

Today its up 12% and closes flat.

Level II looks good

Friday is a day slow day that and a there are people that do not whold for the weekend. This is all on NO news

IF/WHEN we get good news we will be sitting pretty....I don't know how high but surely we will break .05 on the news of the new name change and website. If we can't break .05 on that news then I will be worried.....until then this newbie is more then happy.....
I think some are just worried becasue it appears a lot here have a substantial amount of money invested.....we all can relax and make a nice mint in the next couple of weeks...then we can worry from there about the long term health of the company...but I don't think any one haveing shares at these levels should worry.

Also, this has been said before:
The reward outways the risk in this stock....more likely to double then collapse to a penny.

posted December 26, 2003 14:41            

Can you please give some reasons behind your decision, why you are willing to take this risk with this huge amount of money and what makes this company unique to deserve to be your first penny play ever?

I am sure this will help the newbies and potential investors who are thinking about to buy some shares...

Thanks in advance..

GL

quote:

---

Originally posted by j160e:
Magoo, I find it fascinating the buying potential you can exercise compared to myself. My nerves are not nearly as steady as yours but with the shares I have I am very long and strong. Looking forward to next week. Thanks for all your updates.

j160e

---

posted December 26, 2003 14:46            

"The reward outways the risk in this stock....more likely to double then collapse to a penny."

posted December 26, 2003 14:55            

quote:

---

Originally posted by j160e:
Magoo, I find it fascinating the buying potential you can exercise compared to myself. My nerves are not nearly as steady as yours but with the shares I have I am very long and strong. Looking forward to next week. Thanks for all your updates.

j160e

---

j160e

There really is not much difference between you and I.

I have the advantage of haveing several people investing with me and the amount we are putting in dose not add up to what we are not comfortable with. We are ahead of the game by a good amount with what we have invested so far so we are able to watch the ups and downs and not have to worry about it so much.

There will be more jumping in after the news is out and we will all be able to realize the profits.

I do have other plans with other investors to push the value ahead after it takes off to the next level.

Hold strong
Ron B.

posted December 26, 2003 15:11            

That really wasn't an answer. When you start broadcasting how much you are investing, and in your parties case it is substantial, people look forward to some sort on DD to coincided with the investment numbers.

Lets put it this way when you spoke to your investment pool how did you convey to them the potential of PGHI?

When, I personally see people posting how much they are investing, it just intrigues me to see how they came to that financial decision. And with that information, I can base my future investments.

For the record I have taken a long postion with PGHI.

posted December 26, 2003 15:18            

*** Future's so Bright ***
mach

quote:

---

Originally posted by m_h13021:
Response to Magoo:

That really wasn't an answer. When you start broadcasting how much you are investing, and in your parties case it is substantial, people look forward to some sort on DD to coincided with the investment numbers.

Lets put it this way when you spoke to your investment pool how did you convey to them the potential of PGHI?

When, I personally see people posting how much they are investing, it just intrigues me to see how they came to that financial decision. And with that information, I can base my future investments.

For the record I have taken a long postion with PGHI.

Thank you. -Marty

---

posted December 26, 2003 15:24            

quote:

---

Originally posted by raven76:
Magoo,
as I remember correctly you and your friends are planning to invest around $200K in PGHI as a starting point..(about 5 mill. shares-I am not sure about the amount)
And I remember you saying that you never invested in Pennies before...

Can you please give some reasons behind your decision, why you are willing to take this risk with this huge amount of money and what makes this company unique to deserve to be your first penny play ever?

I am sure this will help the newbies and potential investors who are thinking about to buy some shares...

Thanks in advance..

GL

---

Raven

You are right about the amount I would like to invest. There are five others in my group. With six of us we do have more buying power that one. We have all pitched in a good amount but not more than we feel comfortable with.

We intend to stair step the buys up as the volume can support the buys.

The reason for this is that I am trying to help support the stock price and help to get it to the .05 to .06 range. My investments are to help the base along and not to buy nessarly buying at the lowest cost.

I will be meeting with John Flemming and seeing how to invest in the company either by the PPM stocks or in the manner which will most benifit overall bottom line for the company. That amount will be determined according to his marketing plan amoung other factors.

Investing in the common stocks for us will hopefully help to bring up the average stock prices and will draw the attention of the brokarage companies which will then promote it to their client base.

True I am not use to the penny stocks.

I am interested in helping this stock to advance to out of the pennies and into larger markets. By then I will be well invested in the PPM stocks.

I am a diffrent type of investor as Penny stock investors go. I do not have controll on what the MM's do but can take advantage of them from time to time to help the overall cause. I will be selling off the common stock gradually after we get to a point that it will make sence to help fuel the fire and remove my initial investment.

This stock is very attractive to me because of the top end possibilities. It is also priced at this point within the range which I can have some effect on the outcome.

You questions are very good as I do not want anyone to invest because of what I am doing. Please do your research and only invest what is comfortable for your situation.

Hope this helps
Ron B.

posted December 26, 2003 15:32            

I'm not saying that Magoo is a fraud but I do agree with m_h13021 that we always need to be careful on any message board. Someone saying that he wants to put $200K in the common stock and $3M in the PPM of a pennystock needs to back up his post with damn good arguments! JMHO

GLTA

quote:

---

Originally posted by m_h13021:
Response to Magoo:

That really wasn't an answer. When you start broadcasting how much you are investing, and in your parties case it is substantial, people look forward to some sort on DD to coincided with the investment numbers.

Lets put it this way when you spoke to your investment pool how did you convey to them the potential of PGHI?

When, I personally see people posting how much they are investing, it just intrigues me to see how they came to that financial decision. And with that information, I can base my future investments.

For the record I have taken a long postion with PGHI.

Thank you. -Marty

---

posted December 26, 2003 15:32            

Good Luck to you and your friends..

quote:

---

Originally posted by Magoo:
Raven

You are right about the amount I would like to invest. There are five others in my group. With six of us we do have more buying power that one. We have all pitched in a good amount but not more than we feel comfortable with.

We intend to stair step the buys up as the volume can support the buys.

The reason for this is that I am trying to help support the stock price and help to get it to the .05 to .06 range. My investments are to help the base along and not to buy nessarly buying at the lowest cost.

I will be meeting with John Flemming and seeing how to invest in the company either by the PPM stocks or in the manner which will most benifit overall bottom line for the company. That amount will be determined according to his marketing plan amoung other factors.

Investing in the common stocks for us will hopefully help to bring up the average stock prices and will draw the attention of the brokarage companies which will then promote it to their client base.

True I am not use to the penny stocks.

I am interested in helping this stock to advance to out of the pennies and into larger markets. By then I will be well invested in the PPM stocks.

I am a diffrent type of investor as Penny stock investors go. I do not have controll on what the MM's do but can take advantage of them from time to time to help the overall cause. I will be selling off the common stock gradually after we get to a point that it will make sence to help fuel the fire and remove my initial investment.

This stock is very attractive to me because of the top end possibilities. It is also priced at this point within the range which I can have some effect on the outcome.

You questions are very good as I do not want anyone to invest because of what I am doing. Please do your research and only invest what is comfortable for your situation.

Hope this helps
Ron B.

---

posted December 26, 2003 15:45            

I understand that maybe 200k is not a substantial investment for Magoo. There are allot of newbies coming in. Going along with this threads genuine use of DD, I just thought it would be necessary to know why a investment party would be buying in on PGHI.

I want to know, besides others. It is a natural response to want to know WHY? Besides magoo,has answered with a very legitimate answer, and yes I know this individual has provided SOME DD to back up the 200K investment.

The main reason for my post tonight is to keep the same plane of DD that has been consistent with this board. Everyone, I guess has provided some form of positive DD to back up their buys.

It is tough but, I want newbies to the board to be able to read into a post and to be able to say "YES" i get it, I understand, this is truly a solid investment! Rather than just seeing: yah we are buying this amount blah blah blah.

posted December 26, 2003 15:46            

quote:

---

Originally posted by tommy:
I would have to agree with m_h13021, Magoo sounds like a serious and big-pocket investor. However, boards are anonymous places where you can pretend to be anyone or anything that you want to be.

I'm not saying that Magoo is a fraud but I do agree with m_h13021 that we always need to be careful on any message board. Someone saying that he wants to put $200K in the common stock and $3M in the PPM of a pennystock needs to back up his post with damn good arguments! JMHO

GLTA

---

I do agree with everyone here. I believe that I should not post what I am doing but should report on what I have done.

I will answer all the questions I can and will only post what I have done rather than what I am attempting to do.

This a learning experience for me

Thanks

posted December 26, 2003 16:02            

Thank you for pointing out the possible investment from magoo's pool to the PPM(private palcement) of 3 Million dollars.

People, this individual is possible investing $3 million in PPM. Guess what you all are the first to know ON A MESSAGE BOARD! Please magoo do not take offense but damn, that is beyond allot of money, especially to note it on a message board.

Now that I have read this, why announce this on a message board. I have gone back, and read your past posts. Why announce this, with really nothing to back this up. What will your group gain by publicly announcing this?

Please elaborate, to shut up my questioning.

posted December 26, 2003 16:09            

I really do hope that he's serious, it would mean a lot of upside for the company!

GLTA

quote:

---

Originally posted by m_h13021:
Response to tommy:

Thank you for pointing out the possible investment from magoo's pool to the PPM(private palcement) of 3 Million dollars.

People, this individual is possible investing $3 million in PPM. Guess what you all are the first to know ON A MESSAGE BOARD! Please magoo do not take offense but damn, that is beyond allot of money, especially to note it on a message board.

Now that I have read this, why announce this on a message board. I have gone back, and read your past posts. Why announce this, with really nothing to back this up. What will your group gain by publicly announcing this?

Please elaborate, to shut up my questioning.

Mach, your thread, I do not want to rock the boat but, I do not want this pumped without facts. - Marty

---

posted December 26, 2003 16:25            

"...John Fleming will confirm that with us..."

posted December 26, 2003 16:28            

quote:

---

Originally posted by m_h13021:
Response to tommy:

Thank you for pointing out the possible investment from magoo's pool to the PPM(private palcement) of 3 Million dollars.

People, this individual is possible investing $3 million in PPM. Guess what you all are the first to know ON A MESSAGE BOARD! Please magoo do not take offense but damn, that is beyond allot of money, especially to note it on a message board.

Now that I have read this, why announce this on a message board. I have gone back, and read your past posts. Why announce this, with really nothing to back this up. What will your group gain by publicly announcing this?

Please elaborate, to shut up my questioning.

Mach, your thread, I do not want to rock the boat but, I do not want this pumped without facts. - Marty

---

Do not worry about me takeing this all wrong. I believe that I may have made a mistake in makeing an announcement about the private placement of cash into the company at this point.

I am not sure of the total amount as that is going to be determined by what I find with the company assets and marketing plans. This is to be determined by the research by the people who handle my financial affairs. I am not going to put in any money if there is high risk of a loss as it is not all my money to risk.

As to the amount I have invested so far it is an amount which I am willing to risk.

Once again I do realize that nobody knows me here so there will be questions about who is that guy.

Thanks for the input from everyone concerned.

posted December 26, 2003 16:32            

Some background about my investing history:

I have been an online investor since 1997. I began with about $15,000 in an e-trade account (but I now use Scottrade) and predominantly invested in more built-up companies. I have had some great wins - Winnebago, McAfee, Ebay, etc., etc. I, like anyone in the market, have also had some losses – probably the biggest being MFNX (which went bankrupt after it turned out that they had lied about securing long-term financing). Recently, I began investing in more “uncommon” areas such as options (actually, if you are looking for more safe plays, writing covered calls or “hedge wrapping” are among the safest plays in the market).

I have turned my initial $15,000 investment into just under $100K (I have added about another $12K to the account of my own money, but the rest is from gains)….I pride myself on exercising as much DD as humanly possible for an outsider. I take my loses, but with DD, you can be better aware of the risk v. reward potential.

How I got into PGHI and why I like its value:

PGHI is the first penny stock I have ever invested in. A co-worker who is a very active trader mentioned this stock to me in late September after PGHI announced the deal with Veegeez. Just from his recommendation (I trust his opinion very much when it comes to investing), I made an initial quick investment of $1K, getting in at .008.

From there, I began reading as much as I could about this company. I have concluded that the risk v. reward potential for this stock makes it too strong of an opportunity to pass up. First, PGHI is the only publicly traded video game rental company. Therefore, although it has competition in the market place, it does not have competition in the stock market in terms of investors seeking to capitalize on the video game Netflix-style boom.

Second, the plans to launch a new website, add a “buy” feature (so you can buy a game at a discounted price if you like it), add a gift-certificate program, add a referral-program (discount off your bill if you sign a friend up), and even possibly add DVD’s to the inventory, all give the company great POTENTIAL (and that is what we are buying---potential). I also love the fact that with most games, they include the manual…which according to many of the video game chatrooms that I have visited, is important to people.

Third, I have found the company very responsive to investor’s questions. Likewise, I signed up for a membership (even though I don’t even own a video game system) just to see their customer relations --- and I have found that every one of my questions are very promptly responded to (usually within an hour). That to me is a very good sign.

I also love this stock in the short-term for technical reasons. The ascending triangle that is taking place is signaling a break out sometime in the near future (it may take the launching of the new site to really break about the .049 barrier, but we will see)….

There are several other reasons why I really like this stock, but they have been covered in other posts. Consequently, I have been purchasing in blocks since my initial $1K investment. I am very close to having 1 mil shares (which I will hopefully get on Monday or Tuesday)…I will not purchase any more common shares after that, although I plan on doing some of the private placement to give the company some capital. Having 1 mil shares makes PGHI the largest component in my portfolio. I also hold options on several Nasdaq and NYSE securities in addition to some very long term puts on the QQQ as my insurance (if the market tanks, my puts will be very valuable which will hopefully cover any losses incurred on my other holdings)….

Now, as an investor, you have to ask yourself, what are the risks -- First, there are a large number of outstanding shares compared to other companies like NFLX, and there is the potential for stock dilution in light of the large amount of authorized shares. However, as previously discussed, I believe that this is a good thing because the company is seeking to avoid further debt by raising capital through the use of stock rather than loans...The other reason for the stock’s currently low price is the clause in the contract between Veegeez and PGHI that says that if the company does not raise $500K over the next 6 mths – 1 yr, the acquisition of Veegeez may be canceled by either party and the whole deal called off. Does that create risk? Of course! Do I think that this company will raise $500K over the next 6 months? Probably. I think that there are a lot of things happening that will ensure this. There is tremendous interest in this company and I believe that many people will take advantage of the private placement. I cannot speak for Magoo, but if he is legit (and I do believe him – he has been honest about the timings of his trades), Magoo’s investment alone would raise the capital needed. If this money is raised, and PGHI can demonstrate that it can get on its feet, I think this stock will truly take off.

So here is my best guess as to what could happen in the future: The stock will trade between .04-.05 range until the launching of the website. From there, it will trade between .05-.12 until PGHI’s next financial statement. The previous f/s did not contain sufficient information about Veegeez finances because it was released very shortly after the acquisition. When the next two f/s’ are released, people (including myself) will scrutinize every detail. If there is an indication that the necessary capital is being raised, I think the stock will possibly take off from there…. To what level, I have no idea. But I do think that, factoring potential, the stock could trade in the range of .25-.75. If a reverse split is used, the stock could be brought into ranges that would place it on the Nasdaq, which would give it mainstream legitimacy and exposure.

These predictions are just that – predictions. Anything can happen. I am only giving you my opinion. It is up to you to reach your own conclusions based upon the risks you are willing to take….

posted December 26, 2003 16:42            

Excellent, this is a response with some actual facts and personal response. Very Good. This holds up much better than nothing when it comes to due diligence.

posted December 26, 2003 16:58            

quote:

---

Originally posted by JEB7006:
Marty -- I cannot (and do not claim to) answer for Magoo...but let me explain why I am investing in this company....

Some background about my investing history:

I have been an online investor since 1997. I began with about $15,000 in an e-trade account (but I now use Scottrade) and predominantly invested in more built-up companies. I have had some great wins - Winnebago, McAfee, Ebay, etc., etc. I, like anyone in the market, have also had some losses – probably the biggest being MFNX (which went bankrupt after it turned out that they had lied about securing long-term financing). Recently, I began investing in more “uncommon” areas such as options (actually, if you are looking for more safe plays, writing covered calls or “hedge wrapping” are among the safest plays in the market).

I have turned my initial $15,000 investment into just under $100K (I have added about another $12K to the account of my own money, but the rest is from gains)….I pride myself on exercising as much DD as humanly possible for an outsider. I take my loses, but with DD, you can be better aware of the risk v. reward potential.

How I got into PGHI and why I like its value:

PGHI is the first penny stock I have ever invested in. A co-worker who is a very active trader mentioned this stock to me in late September after PGHI announced the deal with Veegeez. Just from his recommendation (I trust his opinion very much when it comes to investing), I made an initial quick investment of $1K, getting in at .008.

From there, I began reading as much as I could about this company. I have concluded that the risk v. reward potential for this stock makes it too strong of an opportunity to pass up. First, PGHI is the only publicly traded video game rental company. Therefore, although it has competition in the market place, it does not have competition in the stock market in terms of investors seeking to capitalize on the video game Netflix-style boom.

Second, the plans to launch a new website, add a “buy” feature (so you can buy a game at a discounted price if you like it), add a gift-certificate program, add a referral-program (discount off your bill if you sign a friend up), and even possibly add DVD’s to the inventory, all give the company great POTENTIAL (and that is what we are buying---potential). I also love the fact that with most games, they include the manual…which according to many of the video game chatrooms that I have visited, is important to people.

Third, I have found the company very responsive to investor’s questions. Likewise, I signed up for a membership (even though I don’t even own a video game system) just to see their customer relations --- and I have found that every one of my questions are very promptly responded to (usually within an hour). That to me is a very good sign.

I also love this stock in the short-term for technical reasons. The ascending triangle that is taking place is signaling a break out sometime in the near future (it may take the launching of the new site to really break about the .049 barrier, but we will see)….

There are several other reasons why I really like this stock, but they have been covered in other posts. Consequently, I have been purchasing in blocks since my initial $1K investment. I am very close to having 1 mil shares (which I will hopefully get on Monday or Tuesday)…I will not purchase any more common shares after that, although I plan on doing some of the private placement to give the company some capital. Having 1 mil shares makes PGHI the largest component in my portfolio. I also hold options on several Nasdaq and NYSE securities in addition to some very long term puts on the QQQ as my insurance (if the market tanks, my puts will be very valuable which will hopefully cover any losses incurred on my other holdings)….

Now, as an investor, you have to ask yourself, what are the risks -- First, there are a large number of outstanding shares compared to other companies like NFLX, and there is the potential for stock dilution in light of the large amount of authorized shares. However, as previously discussed, I believe that this is a good thing because the company is seeking to avoid further debt by raising capital through the use of stock rather than loans...The other reason for the stock’s currently low price is the clause in the contract between Veegeez and PGHI that says that if the company does not raise $500K over the next 6 mths – 1 yr, the acquisition of Veegeez may be canceled by either party and the whole deal called off. Does that create risk? Of course! Do I think that this company will raise $500K over the next 6 months? Probably. I think that there are a lot of things happening that will ensure this. There is tremendous interest in this company and I believe that many people will take advantage of the private placement. I cannot speak for Magoo, but if he is legit (and I do believe him – he has been honest about the timings of his trades), Magoo’s investment alone would raise the capital needed. If this money is raised, and PGHI can demonstrate that it can get on its feet, I think this stock will truly take off.

So here is my best guess as to what could happen in the future: The stock will trade between .04-.05 range until the launching of the website. From there, it will trade between .05-.12 until PGHI’s next financial statement. The previous f/s did not contain sufficient information about Veegeez finances because it was released very shortly after the acquisition. When the next two f/s’ are released, people (including myself) will scrutinize every detail. If there is an indication that the necessary capital is being raised, I think the stock will possibly take off from there…. To what level, I have no idea. But I do think that, factoring potential, the stock could trade in the range of .25-.75. If a reverse split is used, the stock could be brought into ranges that would place it on the Nasdaq, which would give it mainstream legitimacy and exposure.

These predictions are just that – predictions. Anything can happen. I am only giving you my opinion. It is up to you to reach your own conclusions based upon the risks you are willing to take….

I hope this answers your questions.
Josh

---

posted December 26, 2003 17:00            

quote:

---

Originally posted by JEB7006:
Marty -- I cannot (and do not claim to) answer for Magoo...but let me explain why I am investing in this company....

Some background about my investing history:

I have been an online investor since 1997. I began with about $15,000 in an e-trade account (but I now use Scottrade) and predominantly invested in more built-up companies. I have had some great wins - Winnebago, McAfee, Ebay, etc., etc. I, like anyone in the market, have also had some losses – probably the biggest being MFNX (which went bankrupt after it turned out that they had lied about securing long-term financing). Recently, I began investing in more “uncommon” areas such as options (actually, if you are looking for more safe plays, writing covered calls or “hedge wrapping” are among the safest plays in the market).

I have turned my initial $15,000 investment into just under $100K (I have added about another $12K to the account of my own money, but the rest is from gains)….I pride myself on exercising as much DD as humanly possible for an outsider. I take my loses, but with DD, you can be better aware of the risk v. reward potential.

How I got into PGHI and why I like its value:

PGHI is the first penny stock I have ever invested in. A co-worker who is a very active trader mentioned this stock to me in late September after PGHI announced the deal with Veegeez. Just from his recommendation (I trust his opinion very much when it comes to investing), I made an initial quick investment of $1K, getting in at .008.

From there, I began reading as much as I could about this company. I have concluded that the risk v. reward potential for this stock makes it too strong of an opportunity to pass up. First, PGHI is the only publicly traded video game rental company. Therefore, although it has competition in the market place, it does not have competition in the stock market in terms of investors seeking to capitalize on the video game Netflix-style boom.

Second, the plans to launch a new website, add a “buy” feature (so you can buy a game at a discounted price if you like it), add a gift-certificate program, add a referral-program (discount off your bill if you sign a friend up), and even possibly add DVD’s to the inventory, all give the company great POTENTIAL (and that is what we are buying---potential). I also love the fact that with most games, they include the manual…which according to many of the video game chatrooms that I have visited, is important to people.

Third, I have found the company very responsive to investor’s questions. Likewise, I signed up for a membership (even though I don’t even own a video game system) just to see their customer relations --- and I have found that every one of my questions are very promptly responded to (usually within an hour). That to me is a very good sign.

I also love this stock in the short-term for technical reasons. The ascending triangle that is taking place is signaling a break out sometime in the near future (it may take the launching of the new site to really break about the .049 barrier, but we will see)….

There are several other reasons why I really like this stock, but they have been covered in other posts. Consequently, I have been purchasing in blocks since my initial $1K investment. I am very close to having 1 mil shares (which I will hopefully get on Monday or Tuesday)…I will not purchase any more common shares after that, although I plan on doing some of the private placement to give the company some capital. Having 1 mil shares makes PGHI the largest component in my portfolio. I also hold options on several Nasdaq and NYSE securities in addition to some very long term puts on the QQQ as my insurance (if the market tanks, my puts will be very valuable which will hopefully cover any losses incurred on my other holdings)….

Now, as an investor, you have to ask yourself, what are the risks -- First, there are a large number of outstanding shares compared to other companies like NFLX, and there is the potential for stock dilution in light of the large amount of authorized shares. However, as previously discussed, I believe that this is a good thing because the company is seeking to avoid further debt by raising capital through the use of stock rather than loans...The other reason for the stock’s currently low price is the clause in the contract between Veegeez and PGHI that says that if the company does not raise $500K over the next 6 mths – 1 yr, the acquisition of Veegeez may be canceled by either party and the whole deal called off. Does that create risk? Of course! Do I think that this company will raise $500K over the next 6 months? Probably. I think that there are a lot of things happening that will ensure this. There is tremendous interest in this company and I believe that many people will take advantage of the private placement. I cannot speak for Magoo, but if he is legit (and I do believe him – he has been honest about the timings of his trades), Magoo’s investment alone would raise the capital needed. If this money is raised, and PGHI can demonstrate that it can get on its feet, I think this stock will truly take off.

So here is my best guess as to what could happen in the future: The stock will trade between .04-.05 range until the launching of the website. From there, it will trade between .05-.12 until PGHI’s next financial statement. The previous f/s did not contain sufficient information about Veegeez finances because it was released very shortly after the acquisition. When the next two f/s’ are released, people (including myself) will scrutinize every detail. If there is an indication that the necessary capital is being raised, I think the stock will possibly take off from there…. To what level, I have no idea. But I do think that, factoring potential, the stock could trade in the range of .25-.75. If a reverse split is used, the stock could be brought into ranges that would place it on the Nasdaq, which would give it mainstream legitimacy and exposure.

These predictions are just that – predictions. Anything can happen. I am only giving you my opinion. It is up to you to reach your own conclusions based upon the risks you are willing to take….

I hope this answers your questions.
Josh

---

As i have mentioned before, I have already vested myself to PGHI. I am a long term investor with this particular entity. I do have some shares that I will turn when the time is right, but as a whole I am long(year or so). I question some posts just to check the validity? As I stated before, may newbies on this particular thread. I just want accurate DD, not not the bias of some one pumping the stock without any research to back it up.

I do agree 100% people should do their own research and base their investment on this. But I have found some very creditable information here and will vouch for it. That is why I want all statement to be backed by some form of facts.

posted December 26, 2003 17:00            

Regards,
Mach

quote:

---

Originally posted by m_h13021:
Response to JEB7006:

Excellent, this is a response with some actual facts and personal response. Very Good. This holds up much better than nothing when it comes to due diligence.

To all who are interested it is a post like this that make you pursue further research, that will ultimately have you gain all the true dd you need to feel comfortable to invest in PGHI/VeeGeez. -

---

posted December 26, 2003 17:11            

CANDLESTICK CHARTING PATTERNS
ASCENDING TRIANGLE PATTERN OCCURING
BREAKOUT IMMINENT
(Link Provided)
Let's talk about the ASCENDING TRIANGLE... This pattern is occuring here and will eventually lead to our BREAKOUT...

On the ascending triangle, the horizontal line represents overhead supply that prevents the security from moving past a certain level. It is as if a large sell order has been placed at this level and it is taking a number of weeks or months to execute, thus preventing the price from rising further. Even though the price cannot rise past this level, the reaction lows continue to rise. It is these higher lows that indicate increased buying pressure and give the ascending triangle its bullish bias. http://stockcharts.com/education/ChartAnalysis/triangle-Ascending.html

.05 has been resistance on two previous occassions. Reaction lows continue to rise. When we have our final base established at .04 and our new name change and web site are released.... OUR ASCENDING TRIANGLE PATTERN will lead to a BREAKOUT.

Also keep in mind.... as I've stated before. Because we have no previous buyers above .05... theres is ZERO upside resistance which means the BREAKOUT will be significantly stronger than most anticipate.
.10 and beyond will be here soon.

*** Future's so Bright ***

quote:

---

Originally posted by Mav:
ASCENDING TRIANGLE AT PGHI ....

---

posted December 26, 2003 17:29            

quote:

---

Originally posted by clay1999:
Hello... As a newbie I have been following this tread for a long time even the other PGHI tread and I did my own DD and what I see is good... I don't have much money to invest but I came up with enough to buy 30000 shares... my heart races fast every day I watch the board as it turns from green to red... and I'm staying....for the long haul but the question I ask is when do one know when to sell?... I missed a few sell point on some other stock...is there a indication? .......

---

posted December 26, 2003 17:39            

Knowing when to sell is probably the most difficult thing to do. How you plan to use your investment should depend on your goals. What I would recommend is to write down what your goals are. Are you investing for retirement? to buy a house? for college? for short-term gains? etc., etc

After that, write down the different scenarios and how each scenario would affect your goal. In other words, if you sold at .10, would you reach your goal? If you held, and the stock crashed, would you be destroyed?

Then, try to estimate the likelihood of each scenario... From there, you should be able to formulate a plan....

For full disclosure, I plan on a 65%/35% split. 65% of my holding will remain untouched for the longer-term. I plan on using the other 35% to swing trade. If/when PGHI pops above .05, I plan on selling some between .05-.10. This will lock in a good profit for me (I am dollar-cost averaged in the mid .02's). I will then repurchase the shares if the stock retraces (so if it hits .075, sell 25% of the portfolio, and then buy back if it drops down to .06 or something)....It is always very difficult to time it though...

The remaining 65% of my portfolio I will reevaluate sometime mid-next year when I have a better understanding of the direction the company is heading .... If it looks like they are getting their ducks in a row, I will hold for much higher levels. If it does not look like they are becoming established like I hope, I will then probably pull more money away (but again, anything can change between now and then)...

posted December 26, 2003 18:04            

Here's a scenario...........
First a bit of history:
Between January and February of 2000, loads of OTCBB stocks spiked upwardly in a very huge way...for example IMDS went from .08 to $6.50 in about 2 months. That was only one of many. Check a 4 year chart on some others (that were in existence back then) for yourself and you'll see that many or most they have a huge upward spike during Jan-Feb of 2000. This had nothing to do with the broader market peaking in May of 2000 because these were OTCBB penny stocks, most of which had tanked in Nov-Dec 1999. What could possibly cause such a widespread effect in pennyland? Here are a few examples (click the link then change "Time Frame" to 5 years and click "Draw Chart"): http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=adot&time=8&freq=1 http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=cesy&time=8&freq=1 http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=cypt&time=8&freq=1 http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=cytp&time=8&freq=1 http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=imds&time=8&freq=1 http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=ivoc&time=8&freq=1 http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=neom&time=8&freq=1 http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=usvo&time=8&freq=1 http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=imds&time=8&freq=1
On 10/20/1999 the SEC published a "concept release" regarding new proposed shorting rules. On the agenda were certain changes to rules for shorting stocks. The issue was held for comments until 12/27/1999). Did the OTCBB shorters...naked and otherwise, feel they had to cover quickly because of the proposed rule changes? Yes, I believe so...what else could have possibly caused such a widespread effect on the OTCBB? http://www.sec.gov/rules/concept/34-42037.htm

Flash forward to the present:
On 10/22/03 the SEC held a meeting in which part of the agenda was to consider new rules for shorting and specifically to curb naked shorting on the OTCBB. The new regulation is named SHO and was voted on and passed by the SEC on 10/22/03 and filed as Release No. 34- 48709; File No. S7-23-03 RIN 3235-AJ00 and is now out for comments until 1/5/2004. Will history repeat itself? Will owners of OTCBB penny stocks be in the right place at the right time during Jan-Feb 2004 for another bonanza? I for one, as an owner of several penny issues, will be watching with great hope and anticipation.
http://www.sec.gov./rules/proposed/34-48709.htm

For all longs who are sick and tired of having their pockets picked by the "naked shorters", I recommend that you send your comments to the SEC. You may send comments electronically to:
rule-comments@sec.gov

***************************************

WHAT IS THE POTENTIAL IMPACT OF THE SYMBOL CHANGE ON THE PRICE OF OUR STOCK? WE CAN ONLY SPECULATE, BUT IT COULD BE SIGNIFICANT. WHEN ITCN CHANGED IT'S SYMBOL TO IRAC THE STOCK SURGED FROM .02 TO .09 THE NEXT DAY! MACH

Originally posted by tommy:
Also take into consideration that when a company files for a ticker symbol change, there must be NO SHORTS on the stock previous to the change. This means that MM's MUST COVER their shorts before the change or they will be in big trouble with the SEC!

TOMMY LATER CLARIFIED IT IS THE ACTUAL SYMBOL CHANGE THAT HE WAS REFERRING TO.

*******
IMHO we have seen several instances of MM manipulation with PGHI. I love it when we have the upper-hand. Will a similar scenario as the attached occur upon our name change completion and symbol change on the bb. I’ll be around to find out! It’s coming soon! Very soon! mach

posted December 26, 2003 18:12            

It should be noted that while naked short selling is illegal on the retail level within the US, it is not illegal outside the US nor is it illegal within the market maker community.

"Market liquidity is generally provided through short selling by market professionals, such as market makers (including specialists) and block positioners, who offset temporary imbalances in the buying and selling interest for securities. Short sales effected in the market add to the selling interest of stock available to purchasers and reduce the risk that the price paid by investors is artificially high because of a temporary contraction of selling interest. Short sellers covering their sales also may add to the buying interest of stock available to sellers."

posted December 26, 2003 18:35            

quote:

---

Originally posted by machtabow2:
Will PGHI Market Makers get a “double spanking” in January… Just read this post from another thread… Please read it thouroughly… I elaborated with my post from yesterday… We can all speculate… but this does read well! mach

Here's a scenario...........
First a bit of history:
Between January and February of 2000, loads of OTCBB stocks spiked upwardly in a very huge way...for example IMDS went from .08 to $6.50 in about 2 months. That was only one of many. Check a 4 year chart on some others (that were in existence back then) for yourself and you'll see that many or most they have a huge upward spike during Jan-Feb of 2000. This had nothing to do with the broader market peaking in May of 2000 because these were OTCBB penny stocks, most of which had tanked in Nov-Dec 1999. What could possibly cause such a widespread effect in pennyland? Here are a few examples (click the link then change "Time Frame" to 5 years and click "Draw Chart"): http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=adot&time=8&freq=1 http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=cesy&time=8&freq=1 http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=cypt&time=8&freq=1 http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=cytp&time=8&freq=1 http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=imds&time=8&freq=1 http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=ivoc&time=8&freq=1 http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=neom&time=8&freq=1 http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=usvo&time=8&freq=1 http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=imds&time=8&freq=1
On 10/20/1999 the SEC published a "concept release" regarding new proposed shorting rules. On the agenda were certain changes to rules for shorting stocks. The issue was held for comments until 12/27/1999). Did the OTCBB shorters...naked and otherwise, feel they had to cover quickly because of the proposed rule changes? Yes, I believe so...what else could have possibly caused such a widespread effect on the OTCBB? http://www.sec.gov/rules/concept/34-42037.htm

Flash forward to the present:
On 10/22/03 the SEC held a meeting in which part of the agenda was to consider new rules for shorting and specifically to curb naked shorting on the OTCBB. The new regulation is named SHO and was voted on and passed by the SEC on 10/22/03 and filed as Release No. 34- 48709; File No. S7-23-03 RIN 3235-AJ00 and is now out for comments until 1/5/2004. Will history repeat itself? Will owners of OTCBB penny stocks be in the right place at the right time during Jan-Feb 2004 for another bonanza? I for one, as an owner of several penny issues, will be watching with great hope and anticipation.
http://www.sec.gov./rules/proposed/34-48709.htm

For all longs who are sick and tired of having their pockets picked by the "naked shorters", I recommend that you send your comments to the SEC. You may send comments electronically to:
rule-comments@sec.gov

***************************************

WHAT IS THE POTENTIAL IMPACT OF THE SYMBOL CHANGE ON THE PRICE OF OUR STOCK? WE CAN ONLY SPECULATE, BUT IT COULD BE SIGNIFICANT. WHEN ITCN CHANGED IT'S SYMBOL TO IRAC THE STOCK SURGED FROM .02 TO .09 THE NEXT DAY! MACH

Originally posted by tommy:
Also take into consideration that when a company files for a ticker symbol change, there must be NO SHORTS on the stock previous to the change. This means that MM's MUST COVER their shorts before the change or they will be in big trouble with the SEC!

TOMMY LATER CLARIFIED IT IS THE ACTUAL SYMBOL CHANGE THAT HE WAS REFERRING TO.

*******
IMHO we have seen several instances of MM manipulation with PGHI. I love it when we have the upper-hand. Will a similar scenario as the attached occur upon our name change completion and symbol change on the bb. I’ll be around to find out! It’s coming soon! Very soon! mach

*******
"But after the company
discovered it was being victimized by naked shorting by market
makers, it changed its trading symbol to IRAC, effective July 5,
2002, which thwarted the efforts of the market makers and resulted in
a jump from $0.02 as of the next trading day after the symbol change
to $0.09 as of October 14, 2002."
*******

In addition, as a result of substantial evidence that the BBAN
shareholders have been victimized by certain market makers using a
technique known as "naked shorting", BBAN's securities counsel is
investigating the trading patterns of the stock since the plan
confirmation date of July 30, 2002. "Naked shorting" is the illegal
practice of short selling shares that haven't been borrowed, or that
don't exist. Based upon the current results of this investigation as
well as the history of BBAN's common stock, the company is beginning
the process of a symbol change which would require all shareholders
to exchange their BBAN common stock for stock with the new trading
symbol.

The company is closely monitoring the activity surrounding two other
publicly traded companies which have been victimized by naked
shorting, Intrac, Inc. and Jag Media Holdings. Intrac, Inc. was once
traded on the OTCBB under the symbol ITCN. But after the company
discovered it was being victimized by naked shorting by market
makers, it changed its trading symbol to IRAC, effective July 5,
2002, which thwarted the efforts of the market makers and resulted in
a jump from $0.02 as of the next trading day after the symbol change
to $0.09 as of October 14, 2002. Similarly, Jag Media Holdings was
also victimized by naked shorting. Convinced that naked shorts were
behind the problem, Jag recapitalized its stock by retiring the old
JagNotes.com shares and replacing them with new Class A and B shares
in Jag Media Holdings. In addition to the recapitalization, Jag also
filed a lawsuit against over one hundred brokerage institutions.
Keith McAllister, co-Chairman of the Board of BBAN, stated, "we are
not going to sit here and be victimized by individuals or
institutions and their agendas. Mr. Williams, myself and our counsel,
Steve Oshins and Ron Stauber, are working aggressively to protect the
shareholders and are prepared to fight for their value."

---