posted December 28, 2003 01:07            

quote:

---

Originally posted by diamond:
Hey everyone, I was just looking at a few charts on stockta.com and one of the companies that I looked at was IDNW, now GLBT.
If you'll remember Tommy's post about MM's having to cover all shorts prior to a symbol change, you may find this interesting. Sure looks as if this has merit because IDNW formed a nice base the week before last in the 0.06 range. Then all of a sudden a couple of days prior to the actual symbol change...KABOOM.
It now trades under the ticker symbol GLBT and last traded around 0.23...pretty nice move if I say so myself.
I believe we are in for a similar move!! And we have several major impending events all set to happen on top of that in conjunction with the symbol change or reasonably close to each other IMO!!
Based on what I've seen with other companies and knowing what we have coming in the next couple of weeks, i.e. new website, intro of dvd rentals etc. I can see PGHI trading in the 0.25 range very soon (during January).
It's anybody's guess from there based on management's execution of the business plan and the success of the full blown marketing campaign by Venture Direct Worldwide.
Exciting times, wouldn't you say??

---

This is one of the most critical points which will determine a rapid rise in the value of the stock.

Might say that the MM's can't get caught with their shorts down

Great Post

posted December 28, 2003 02:31            

I will not make the same mistake here with PGHI. I was pretty well sold on IDNW also with the DD I had done, but let the MM's push me out. I actually bought into it twice and both times the MM's drove it down. It didn't do what I expected, and I got out. Paid the price.

The pattern with PGHI is the same. Its a learning experience. PGHI will help heal the wounds of my past impatience.....and soon!

PSU

quote:

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Originally posted by machtabow2:
Kaboom! That's an understatement! This stock surged from .06 to .18... within a few days... after the name and symbol change. Wow! This happens all the time with the name/symbol changes... you are right! I do hope some people are as excited as me... We could easily see .10-.15 within a few weeks... We have so much going on... it's an understatement... New site... name change... symbol change... and a hot service! Those who are reading the board tonight... research this very closely... I do not dare sell a single share at this point in time... Those 5-10% gains are nothing compared to what is about to happen here! Boy... take a look at this chart!
http://www.stockta.com/cgi-bin/analysis.pl?symb=IDNW&num1=3&cobrand=&mode=stock

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posted December 28, 2003 03:21            

I wonder what PGHI's new symbol will be...maybe GMFX?

quote:

---

Originally posted by machtabow2:
It would be really nice... just to have a QUICK REFERENCE CHART of a company that recently had a name and symbol change with a visual of the stock movement.... IDNW would be a great sample if someone could please post this sample with a summary.... Thanks for your help! mach

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posted December 28, 2003 03:34            

On the other hand, if the PPS runs up above their shorting price and they have to cover ASAP before the symbol change because the SEC requires them to, then they will have to run the PPS even higher after the change because they will want to make their money back after having to cover at a loss.

Either way it's a win-win situation for us BUT we clearly see that if we hold strong and don't let go of our shares for cheap, we will force the MM's to buy back at a loss and have to run the PPS higher after the name change to get their money back.

The 52 week high is 0.049 so if we can break that level before the symbol change and force the MM's to buy back at a loss and at the same time hold strong on our shares, the pop will be humongous right before and then after the symbol change!

Sorry if I sounded redundant in my statement, I just wanted to make it real clear!

posted December 28, 2003 09:12            

Thanks for the follow-up post. It truly is great to have a visual for everyone to see the impact and the potential of the name and symbol change. We have had several people ask the question... "How high will it go near term." I've hesitated to answer the question... and you can certainly see why. Truly... "Skies the limit." IDNW is a perfect example of a strong company with strong leadership that traded in a similar pattern... went through a name change and symbol chane and surged to .23 cents within a few months. What a great example.. and every reason more to hold onto those shares and realize the full potential here.

posted December 28, 2003 11:21            

quote:

---

Originally posted by machtabow2:
Cabbage,

Thanks for the follow-up post. It truly is great to have a visual for everyone to see the impact and the potential of the name and symbol change. We have had several people ask the question... "How high will it go near term." I've hesitated to answer the question... and you can certainly see why. Truly... "Skies the limit." IDNW is a perfect example of a strong company with strong leadership that traded in a similar pattern... went through a name change and symbol chane and surged to .23 cents within a few months. What a great example.. and every reason more to hold onto those shares and realize the full potential here.

As PSU stated... there have been too many times that I have been impatient and expected gains sooner... or "taken" gains sooner... and didn't realize the full potential of my investment. PGHI is simply one of the hottest trading stocks on the BB.... and I will not let go this time... mach

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posted December 28, 2003 11:28            

I am going to have to stop looking for more examples until later today because the more I think about this the more I can't get anything else done!

Can you imagine if Tommy's time line is right and all of these other enhancements, PR'S come out BEFORE the effective date of the name and symbol change we will be looking at a major explosive move to the upside because we have NO RESTISTANCE above 0.05

Not a pump here, but I truly believe that with all of these events converging in a close time frame, many of us on this board and elsewhere will realize a MILLION DOLLAR stock holding real soon!!

posted December 28, 2003 11:50            

quote:

---

Originally posted by Mav:
Mach, I have been busy doing DD all over the net and I have read in others boards that the name change is an imminent event, for the looks of it this could happen anytime from now, if this happen this could be a huge run for PGHI; name change, new website, hot industry, great earnings forecast, I mean, this could move a enormous volume. What do you think ?.

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posted December 28, 2003 11:52            

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

quote:

---

Originally posted by diamond:
Good morning Mach and all,
Hey I found another company that had a name & symbol change this past week. Check out SAFS, closed at 1.64 on 12-22-03 then on the day of the symbol change (12-23-03) CLOSED at 2.68. Like I said last night, KABBOM!!!

I am going to have to stop looking for more examples until later today because the more I think about this the more I can't get anything else done!

Can you imagine if Tommy's time line is right and all of these other enhancements, PR'S come out BEFORE the effective date of the name and symbol change we will be looking at a major explosive move to the upside because we have NO RESTISTANCE above 0.05

Not a pump here, but I truly believe that with all of these events converging in a close time frame, many of us on this board and elsewhere will realize a MILLION DOLLAR stock holding real soon!!

Gotto go now, I'm starting to sshhaakkkee!!!

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posted December 28, 2003 12:15            

GL

quote:

---

Originally posted by machtabow2:
Diamond... Great DD again. I'm glad we have you on board here. It certainly helps with our DD.

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

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posted December 28, 2003 12:35            

GL

quote:

---

Originally posted by newstockpicker:
Raven, all I can say is, they have done it in the past ... and history does have a tendency to repeat itself. These guys (institutions) are in the BUSINESS of making money, and they will use (and do use) any means at their disposal to make as much as possible. Legal or not. They know if they get caught naked shorting they are going to get the proverbial slap on the hand, lose a little money now, but in the long run they make that up in spades. IMO they have shorted PGHI as much as they possibly could and will be scrambling this coming week to cover them. Watch for HUGE volume coming soon!

Walt

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posted December 28, 2003 12:59            

Naked shorting of BB penny stocks is a common practice of MM. IMHO Market Managers will take every oppotruntiy to make a buck... Whether they choose to go long or "naked short". Key is they have the option and I believe they have used and continue to use it when they can. "Not being able to naked short" in the days preceding the name change and also when the new SEC regulatons take affect (regarding naked shorting) will dramatically impact upside movement for PGHI as well as all BB stocks. imho mach

quote:

---

Originally posted by raven76:
Walt,
I am not saying they never short $.03-.04 stocks..But can you just give me one good reason to take a short position at PGHI?
(e.g bankruptcy possibility, management failure, disappointing earnings)
I can't find one good reason..

GL

[This message has been edited by raven76 (edited December 28, 2003).]

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posted December 28, 2003 12:59            

quote:

---

Originally posted by raven76:
Hi all,
interesting and new points as always..
IMO, MM's are not short at this one, or in other words they are not that stupid to do so..Don't forget MM's are financial institutions,they have more knowledge and experience than most of us..This is .04 stock with great potential..There is NO single reason for MM's to short this at this point..Yeah, they maybe short it but on a daily basis without taking too much risk..
If there is any short here, probably they are Canadians or some other foreign traders( who are allowed to short) just because the stock is @ around 52 week high..Let me repeat,none of the smart traders would short this one at this point..
I might be wrong..

GL

Raven

I do agree with you on this point. The MM's are big money people who have already taken in consideration all the possibilities. They most likely do have shorts on a daily bases. So if they are short they can cover with a small loss compared to the profits which they have already taken here.

As the value climbs so do their profits so the shorts if any is already calculated into the overall factors.

Everyone here includeing myself would love to see the MM's get burned.

This will not be the reason for our own profits but the events with PGHI has planned will be the driving force behind the changes.

[This message has been edited by raven76 (edited December 28, 2003).]

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posted December 28, 2003 13:05            

quote:

---

Originally posted by clay1999:
oops... *newbie

---

Clay

I am a new also

posted December 28, 2003 13:09            

Key point is that near term... WE ARE TAKING THAT ABILITY AWAY FROM THEM... How will that impact the stock... You can see that other members have shown you a few examples.

imho... as I watch PGHI trade... MM have agressively brought the price down... You can see how difficult it is to bring the price down... often moving .001 cents per day... over several days... and then moving agressively up when MM's can no longer manipulate the price down... Do you really think this doesn't happen? Welcome to the world of investing.

*********************
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 28, 2003 13:19            

With the anticipated increase in demand of PGHI/GameZNflix stock because of ongoing developments and the fact the MM will not be able to "Naked Short" the stock but rather are forced to cover short positions up to and including the day of the name change... I believe you will see a dramatic upside price movement. This will happen soon. Keep in mind also... there is no upside selling pressure beyond .05. No shareholders own shares beyond that price. This will also dramatically impact the move. I would not be suprised if we did hit .20. It has happened and we have shown the examples. We are in a perfect situation.

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

quote:

---

Originally posted by machtabow2:
Why does Naked Short Selling Occur by MM's... because they can and it do. Much relates to market liquidity. They do not take into consideration whether the stock is trading at .01... .02 ... or .03...

Key point is that near term... WE ARE TAKING THAT ABILITY AWAY FROM THEM... How will that impact the stock... You can see that other members have shown you a few examples.

imho... as I watch PGHI trade... MM have agressively brought the price down... You can see how difficult it is to bring the price down... often moving .001 cents per day... over several days... and then moving agressively up when MM's can no longer manipulate the price down... Do you really think this doesn't happen? Welcome to the world of investing.

*********************
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."
**********************

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posted December 28, 2003 13:39            

quote:

---

Originally posted by machtabow2:
I'd like to elaborate...

With the anticipated increase in demand of PGHI/GameZNflix stock because of ongoing developments and the fact the MM will not be able to "Naked Short" the stock but rather are forced to cover short positions up to and including the day of the name change... I believe you will see a dramatic upside price movement. This will happen soon. Keep in mind also... there is no upside selling pressure beyond .05. No shareholders own shares beyond that price. This will also dramatically impact the move. I would not be suprised if we did hit .20. It has happened and we have shown the examples. We are in a perfect situation.

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

[This message has been edited by machtabow2 (edited December 28, 2003).]

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posted December 28, 2003 13:48            

Example... maybe they see buying pressure slowing... at let's say .03... so they intentionally pull the floor out...and place a "Fake Wall"... then "Cover short Positions" used to bring the price down... "Covering under .03"... which ultimately results to a stock resuming it's upward move...

This is happening here. And we have seen many examples... "Fake Walls", "Intentional Breakdowns" ... and so does "Naked Shorting". It's all about trading and using every resource you can to make money. I would feel sorry for those whom sold below .03... but many of us explained what was happening and encouraged people to buy below .03 when they could... Just an example...

I don't believe they are using the ability to "short" as a long term investment strategy... but rather as a way to "control" as much as they can... "short-term" and day to day stock movement. The less tools they have at there disposal... the better for us. It's like a big chess game... but it's nice to know that we can win...

*** Future's so Bright ***

quote:

---

Originally posted by raven76:
Jiffer,
E.g,as I mentioned before I am holding AACs as well and following it..
There were 5 MM @ the ask of .03..You know with how many shares this fake wall fall?
Just with 65,000 sh..
of course I don't expect it to be the same way here..My opinion was 2.5-3m needed to break..(in one of my previous posts)

GL

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posted December 28, 2003 13:57            

On the major US exchanges, market makers (MMs) are able to short stocks to maintain fair and orderly markets but they must borrow the shares on margin to affect the short position. This ensures that very thin (hard-to-borrow) shares are somewhat immune to manipulation by short sellers. It also assures that 'borrowed' stock is available for delivery to the purchaser on the date of settlement.

Stocks quoted on the OTC Bulletin Board are treated differently, however. These 'higher-risk' shares are classified as 'non-marginable' and accordingly can only be purchased with cash. Since it's against the law (in the U.S.) to borrow cash account stock, some OTC BB market makers through the years have allegedly followed the practice of 'naked' shorting, which many believe has resulted in a perpetual failure to deliver.

Penny investors for years have cried foul, claiming some Bulletin Board MMs operate as a printing press, compromising the integrity of the system. OTC BB market makers do not have a time limit on when they must cover their (naked) short positions. Sometimes it is believed that they do not deliver shares they have shorted for several weeks and months after the designated day of settlement. This allows MMs time to flood the market with stock and to get any interested longs to invest in the stock with paid promotions and other 'pumping' tactics. Then, MMs allegedly (and sometimes viciously) walk the market for the shares down so they can cover at their leisure or not cover at all. As one disgruntled penny investor once cited, "Hardly a fair and orderly way to operate a multi-billion dollar market."

Personally I place much of the blame of the current state of the OTC Bulletin Board and Pink Sheet markets on MM manipulation. I have witnessed it first hand and believe it to be a true fact of life on the OTC Bulletin Board. MMs never have to cover, and so they don't. Ultimately, stocks get walked down lower and lower, until they trade for sub-pennies. Then, these OTC BB companies reverse split or reverse merge the stock, and start the game all over again. There is no normal supply and demand to the markets for OTC BB stocks, and consequently, investors are left somewhat to the devices of the MMs, not really knowing if naked shorting is occurring or new common shares are flooding the market. It's anything but fair and orderly.

If penny investors contact the NASD or regulators, they will say that you have to do more than just allege that MM manipulation or fraud has occurred. You have to almost prove it before the NASD will seek to further investigate the matter. Because of the lack of tough regulations on the OTC BB and Pink Sheets, MMs often can (if they want to) get away with murder (naked shorting). If you look at the firms that are the market makers for the OTC BB, you get the sense that these are not the Merrill Lynch's and Goldman Sachs of the world.

quote:

---

Originally posted by coumars:
Not for tech Gurus like Mach, For the Newbie's about short selling
http://www.investopedia.com/university/shortselling/shortselling1.asp

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posted December 28, 2003 14:04            

quote:

---

Originally posted by newstockpicker:
Raven, all I can say is, they have done it in the past ... and history does have a tendency to repeat itself. These guys (institutions) are in the BUSINESS of making money, and they will use (and do use) any means at their disposal to make as much as possible. Legal or not. They know if they get caught naked shorting they are going to get the proverbial slap on the hand, lose a little money now, but in the long run they make that up in spades. IMO they have shorted PGHI as much as they possibly could and will be scrambling this coming week to cover them. Watch for HUGE volume coming soon!

Walt

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posted December 28, 2003 14:07            

Ranger, just type the full url, no code needed http://www.stockta.com/cgi-bin/candle.pl?symb=pghi&size=analysis&support=0.00,3,0.00,22,0

As for the discussion of shorting and naked shorting- yes, the MM are shorting on PGHI. Friday for example, the push down after a huge run to resistance was likely to be shorting. WHY? Because they know they can manipulate it down, and make money buying it back next week before it explodes.

I think what raven is saying, is that there are no long term shorts. There may be a few, but I can't imagine there would be a great deal. This doesn't matter IMO, because the daily shorting that goes on is not always covered immediately, and can stretch out for a few days or weeks before a cover. When the news or symbol change occurs, there will be shorts, and they will need to be covered.

quote:

---

Originally posted by ranger6922:
hi all, im new to this bb and was wondering if someone could explain to me how to post a link on this bb. i have tried several times but cant seem to figure it out i read the pop up page on "ubb codes" but i still wasent sure

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posted December 28, 2003 14:48            

quote:

---

Originally posted by cabbage22:
Good morning PGHI addicts,

Ranger, just type the full url, no code needed http://www.stockta.com/cgi-bin/candle.pl?symb=pghi&size=analysis&support=0.00,3,0.00, 22,0

As for the discussion of shorting and naked shorting- yes, the MM are shorting on PGHI. Friday for example, the push down after a huge run to resistance was likely to be shorting. WHY? Because they know they can manipulate it down, and make money buying it back next week before it explodes.

I think what raven is saying, is that there are no long term shorts. There may be a few, but I can't imagine there would be a great deal. This doesn't matter IMO, because the daily shorting that goes on is not always covered immediately, and can stretch out for a few days or weeks before a cover. When the news or symbol change occurs, there will be shorts, and they will need to be covered.

[QUOTE]Originally posted by ranger6922:
[b]hi all, im new to this bb and was wondering if someone could explain to me how to post a link on this bb. i have tried several times but cant seem to figure it out i read the pop up page on "ubb codes" but i still wasent sure

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posted December 28, 2003 15:04            

It's winter,it's Sunday afternoon and you are supposed to watch football games.Now instead of saying honey leave me alone i'm watching the game.It's honey leave me alone I'm feeling .25 a share for PGHI.GAMES N FLIX has taken over my life.I would sit in front of my streamers to pick out the next winner for my Monday mornings choice, would it be FGWC , MSGL, IBZT ,VRMD? Now I sit in front of my portfolio of holdings like a mental patient trying to figure out which holdings I will sell, so I can put another chunk into PGHI.I do believe the MM's will still play with this and I expect that, afterall the manipulation is their profit.I also realize that I am playing on their home turf so I have to play the game their way and when they are forced to do so they will let me play too.I believe January will be a nice turning point but just before Presidents day in February will be the time the steam engine gets cranking.That is when I would expect a statement of another GAMES N FLIX product to be unleashed outside of VeeGeez.There is a lot of talk about VeeGeez and rightfully so, but do not lose sight of the fact that it is not about VeeGeez it is about GAMES N FLIX something much larger than VeeGeez.I owned IDNW and they will probably become a great company but to change your name from PGHI which really doesn't say anything to GAMES N FLIX you are really creating name recognition and defining your purpose to the consumer. Thank you to all that have provided so much useful information and helped educate us all to become better investors.As I have stated before this is truely a unique bunch.Just my thoughts and my wishful thinking.In the words of MACH BUFFET the future is so bright.

TRSTURGUT-18

posted December 28, 2003 15:23            

BTW I've been a PGHI since the 0.008 level, don't worry guys!

posted December 28, 2003 15:27            

BTW I've been a PGHI ADDICT since the 0.008 level, don't worry guys!

quote:

---

Originally posted by tommy:
If you guys want something to do, scour the SEC website and find the regulation on not covering your shorts before the ticker change. I'll be searching for that too, I remember reading it in the past but the site is so vast that I don't remember where!

BTW I've been a PGHI since the 0.008 level, don't worry guys!

GLTA!

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posted December 28, 2003 16:19            

GLTA!

quote:

---

Originally posted by diamond:
Hey guys, I found another example of apparent MM short covering with a name and symbol change. ISPA changed to SFNM back in June of this year.
Sorry I do not know how to post the link from stockta.com but here is the bottom line you can check it out for yourselves.
The last trade on ISPA the day before the name change was at 0.44 (up 0.10 for the day).
But get this, it GAPPED up to $3.00 right after the ticker symbol change!!! Can you believe this folks?
Every example that I look at has had multiple 100% jumps beginning a couple of days before and continuing for 1 or 2 days after the change. AND, all this WITHOUT ANY OTHER NEWS WHATSOEVER!!
I've said it before but where can we go with all the things we have coming up the rest of December and into January!!??
Could be a MOONSHOT guys!!
I'm strapped in how about you?? This is way too much fun.
Talk to you guys later. Gotta calm down again.LOL

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posted December 28, 2003 16:40            

I believe the SEC papers were filed but about how many days does it take for the change to occur... whenever the company decides to change the name or is there a set time period?

Thanks!

posted December 28, 2003 17:04            

The trading symbol (ticker) change is another story. They need to file another request for that. I personally believe that all of that will be done no more later than 2 weeks into Jan 2004.

Keep an eye on the Def. 14c filing this week...

GLTA!

quote:

---

Originally posted by COOLORANGEFREEZE:
Does anyone know when the official day is for the name change or a decent guesstimate?

I believe the SEC papers were filed but about how many days does it take for the change to occur... whenever the company decides to change the name or is there a set time period?

Thanks!

The definition on shorting and naked shorting was enlightening!

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posted December 28, 2003 17:09            

quote:

---

Originally posted by tommy:
The name change is finalized after they file the Definitive 14c with the SEC, the last filing was the Preliminary 14c.

The trading symbol (ticker) change is another story. They need to file another request for that. I personally believe that all of that will be done no more later than 2 weeks into Jan 2004.

Keep an eye on the Def. 14c filing this week...

GLTA!

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posted December 28, 2003 17:40            

quote:

---

Originally posted by tommy:
The name change is finalized after they file the Definitive 14c with the SEC, the last filing was the Preliminary 14c.

The trading symbol (ticker) change is another story. They need to file another request for that. I personally believe that all of that will be done no more later than 2 weeks into Jan 2004.

Keep an eye on the Def. 14c filing this week...

GLTA!

---

Tommy is right about the filings and possible time frame

I have had my lawyer check into this. It seems that the definitive filing should take three or four days. The ticker change only takes a couple of days. The ticker change is approved once it is checked that there is not a duplication. Only takes a day or two.

All this will be controlled by when the forms are filed so it is in the hands of John Flemming.

posted December 28, 2003 17:40            

quote:

---

Originally posted by tommy:
Wow, I just saw that a bunch of people, including Machtabow, have been advertising (pumping?) PGHI on the various Yahoo boards!

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posted December 28, 2003 17:44            

What do you expect the time frame for this to be? I imagine very soon. mach

quote:

---

Originally posted by Magoo:
Tommy is right about the filings and possible time frame

I have had my lawyer check into this. It seems that the definitive filing should take three or four days. The ticker change only takes a couple of days. The ticker change is approved once it is checked that there is not a duplication. Only takes a day or two.

All this will be controlled by when the forms are filed so it is in the hands of John Flemming.

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posted December 28, 2003 17:47            

quote:

---

Originally posted by Mav:
Mach, look at this chart for PGHI,
daclyyay[db][pb5!d20,2][vc60][iUp65,5,3!La12,26,9]&pref=G]http://stockcharts.com/def/servlet/SC.web?c=PGHI,uu[m,a]dacly yay[db][pb5!d20,2][vc60][iUp65,5,3!La12,26,9]&pref=G

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posted December 28, 2003 17:49            

quote:

---

Originally posted by TRSTURGUT-18:
I sent an E-Mail to Fleming for the PPM paperwork and along with it asked for the time frame for the name change to take place.He will be away till Jan 1,2004 and I should receive a response upon his return.I will post as soon as I hear.

TRSTURGUT-18

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posted December 28, 2003 17:52            

quote:

---

Originally posted by machtabow2:
I see the chart Mav. Anything in specific that I shoudl be looking at? mach

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