Pan Global Corp. (OTCMKTS:PGLO) Withers in Silence

It has been more than a week since the last pump email for Pan Global Corp. (OTCMKTS:PGLO) came in, and things don’t look good.

Yesterday PGLO closed down another 5.9% at $0.335 on approximately 1.2 million shares. In the last three sessions the stock has lost about 16% of its value. The good news is it won’t drop any further today, even if that’s just because it’s Thanksgiving and the markets are closed.

We received the aforementioned last pump email about an hour before the Nov. 19 session. Stock Tips’ Mike Statler was still going on about the supposed “short squeeze,” and how it was just beginning, and how PGLO was poised to explode, and so on. Safe to say, that didn’t happen, instead PGLO crashed horrendously.

The company itself tried to turn things around with two press releases on Thursday and Friday, but that just wasn’t enough.

It’s hard to find anything positive to say about PGLO at this point. At least it didn’t get suspended by the SEC like Nevada Gold Corp (OTCBB:NVGC), although that’s hardly any consolation for anyone who got trapped in.