Pan Global Corp. (OTCMKTS:PGLO) Locked in Free Fall, Pumpers Silent

Despite the very limited trading window yesterday due to a ‘lack of current quoting information’ and the market-wide OTCBB trading halt imposed by the FINRA, Pan Global Corp. (OTCMKTS:PGLO) managed to slump by another 14%. The ticker shifted 1.5 million shares after trading resumed in the afternoon and stopped at $0.25 per share.

The promoters who were touting the ticker before the massive crash of November 6 have now gone completely silent. There have been no new pump emails over the last two days. The last tout came before the market opened on Wednesday and presented the movement as ‘healthy’, promising a certain bounce that never came.

Everyone who got into PGLO since the pumps kickstarted it into active trading and it still holding their shares in the hopes of a miraculous reversal as promised by the promoters, is now looking at losses, ranging from 17% to about 75%, for those unfortunate enough to get in right at the pre-crash spike.

Stock Tips, the new promoter who carried out the $1.1 million pump for PGLO, also stated that it expects to ‘garner’ new subscribers as a result of the promo. This is a possibility we highly doubt, considering how this one went.

The company has not posted any further news regarding its small hydro project in India or commented on the outright slaughter that took place over the last three sessions.

Among other OTC red movers, American Community Development Group, Inc., or Wialan Technologies (OTCMKTS:ACYD) – the name under which the company now publishes its press releases, also continued its red streak into yesterday’s brief session. ACYD dropped 11% to a halt at $0.05 per share.