Message Font: Serif | Sans-Serif
No. of Recommendations: 0
The stock is now traded on the "green sheets." You have to add an "e" to the end to get the quotes. 'PRGNE'. As a lark once I bought a few shares of Service Merchandise. They went into chapter 11 and were liquidated. The stock still trades, however. Worth a half a cent last time I looked.

If Peregrine can get their accounting straight, they can get re-listed on NASDQ. They are appealing the ruling on the basis of having to replace Anderson to get valid accounting.

I don't own the stock but I like the product. There is value there. It could be that the company has been looted though and the liabilities overwhelm the assets. If so, they are on their way out. I don't know what to suggest. The stock closed at $.30 today. If I had a few hundred shares, I would hold it. If it was a significant stake, I would get out. $.30 is much better than $.005. Best of luck to you.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.