Stops hit in today’s action.
We recognize that aggressive subscribers are still holding this position and therefore we will continue to provide updates on PNSN.
PNSN sell off appears to be triggered by a proxy filing by the company. The proxy has a section on debt restructuring, which details March 13 agreement. Perhaps some investors were reacting to it today.
No action by Smart money was seen today.
After today’s s sell off, PNSN is dirt cheap. There is no evidence of fraud or illegal activity; however the way the stock is trading, there may be concerns.