{"id":4833,"date":"2014-06-27T12:11:02","date_gmt":"2014-06-27T12:11:02","guid":{"rendered":"\/?p=4833"},"modified":"2014-06-27T12:11:23","modified_gmt":"2014-06-27T12:11:23","slug":"pan-global-corp-otcmktspglo-rears-its-head-once-more","status":"publish","type":"post","link":"\/articles\/pan-global-corp-otcmktspglo-rears-its-head-once-more\/","title":{"rendered":"Pan Global Corp. (OTCMKTS:PGLO) Rears Its Head Once More"},"content":{"rendered":"

\"72PGLO_chart.png\"Sometimes stock pumpers will do anything for a few thousand dollars, even if it means dredging up old pumps that were bled dry months ago. Over the last two days a number of paid pumpers touted Pan Global Corp. (OTCMKTS:PGLO<\/a>). The culmination of the short-lived pump campaign was the company tanking 51% yesterday. <\/p>\n

The emails started coming on Wednesday afternoon after the markets closed, stretching into yesterday morning. Research Driven Alerts, aka David Cohen, aka Research Driven Investor led the bunch, disclosing a compensation of $40 thousand for promoting PGLO<\/a> stock. The touts conveniently coincided with a press announcement from the company that hit the wire right at the opening bell.<\/p>\n

PGLO<\/a> informed the company started the development of an electronic marketplace for solar products targeting India. The pumps tried to push this news release as a potential catalyst for the stock’s price. If only PGLO<\/a> were not a jaded, old pump job, which we covered 8 months ago, the touts might have had an actual effect on the price.<\/p>\n

For those who don’t keep tabs on every OTC pump, PGLO<\/a> was targeted by a $1.1 million pump campaign. The pump, naturally, caved in on itself and PGLO<\/a> was left for dead, slowly declining ever since the second pump spike. The company’s latest 10-Q for the quarter ending March 2014 does nothing to improve investor confidence either:<\/p>\n