Pan Global Corporation (PGLO) - Astonishing Price Behavior


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I can't find any reference to this stock (Pan Global Corporation) on this Forum, which trades on NASDAQ under the symbol PGLO.

The behavior of the price is astonishing because it appears to have no revenues or assets but recently had a market cap of more than $350 million.

The reason I say the price action is astonishing is because it's not as if there is no volume being traded in the shares. A small investor can easily get in an out without getting screwed over by the lack of liquidity (both bids and offers) in the shares.

From what I can see the shares are worthless but I suspect it is being supported by boiler rooms and hence I could get squeezed out if I tried to short it.

Interested to hear if anyone has any thoughts on this.

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