Pimco New York Municipal Income Fund III V.PYN

Primary Symbol: PYN

PIMCO New York Municipal Income Fund III (the Fund) is a non-diversified closed-end management investment company. The Fund's primary investment objective is to seek to provide current income exempt from federal and California income tax. Under normal circumstances, the Fund invests at least 90% of its net assets in municipal bonds which pay interest that is exempt from regular federal, New York State and New York City income. The Fund may invest up to 20% of its total assets in investments the interest from which is subject to the federal alternative minimum tax. The Fund also invests at least 80% of its net assets in municipal bonds that at the time of investment are investment grade quality. Pacific Investment Management Company LLC (PIMCO) serves as the Fund's investment manager.

NYSE:PYN - Post by User

Pimco New York Municipal Income Fund III

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Comment by zoltar143on Jun 10, 2012 10:54pm

785 Views

Post# 19998228

RE: Gladios IP Update

uFan i remembered that event just recently as they (Communique) has a patent claim on LogMeIn. This is a very complex case and news from Gladios certainly gave a positive outlook to that stock.

I believe that Poynt patents are watertight and the reaction will be a substantial appreciation of SP value.

I am expecting news by end of June 2012 to early July 2012.

I am holding this play because of the patent issue.

I was in a similar play with Patriotic Scientific. At the time I purchased 100K at 0.08$ and sold in quick order at 1.14$ (average selling price). I am playing the same move with Poynt and I am going to sell it when it hits the 1.00$ mark.

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