Calling all PGNT shareholders please vote!
In this proxy every vote really does count so please do vote, no matter how many shares you hold.
Sham owns about 29% of the outstanding. Given the two larger shareholders with 11% and 17%, this could really go either way depending on what they do.
If you own shares please vote. If you know other shareholders please encourage them to vote.
PGNT has been tragically undervalued for years and this is your chance to force the change you want to see.
This year I'm down 0.9%, dropping my CAGR to 29.8% since I first bought a stock 12 years ago. I've been flat for 4 years now and lost to the market 5 years in a row which is too bad. You can see the ups and down of penny stock land in my portfolio performance even: 3 years matching the market, 4 absolutely scorchers, 5 years of ho-hum.
You can file this one away under "cautionary tales for microcap investors." I first wrote about Vicon Industries (VCON) almost 7 years ago when the company changed symbols from VII to VCON. The stock was at a split adjusted $325.
The last trade was almost 4 years ago at $65 per share.
A couple weeks ago I received a buyout letter which made me for real laugh out loud with this line, "the estimate of value of Company as of September 12, 2024, was $0.00 per share"!!