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Bullboard - Stock Discussion Forum Old PSG Wind-Down Ltd PSGLQ

"Old PSG Wind-down Ltd designs, develops, manufactures and sells performance sports equipment and related apparel for ice hockey and roller hockey, baseball and softball, lacrosse and soccer. Its brands include BAUER, VAPOR, SUPREME, and NEXUS."

GREY:PSGLQ - Post Discussion

Old PSG Wind-Down Ltd > what a drop....!!
View:
Post by winnerscircle on Aug 15, 2016 10:24am

what a drop....!!

something about not handing in their financials on time...may go into default?....anyone clarify?....time to jump back in??
Comment by nomoney on Aug 15, 2016 11:18am
Not handing them in on time would result in default, in talks with lenders to avoid that according to The news release I found on Yahoo Canada.
Comment by jaja18 on Aug 15, 2016 11:19am
I believe today was the last day to file a K-10 (sry not sure what this is). A delay may risk them to default but they are looking for an extension. But definitely not good news. Waiting to get back in post earning or maybe leave this ompany for good. Nothing but bad news since the beginning of the year.
Comment by Toast2change on Aug 15, 2016 11:49am
You got it... board called for audit of their 10-K causing a potential default. PSG has been doing a lot of restructuring lately new board members trimming staff and product lines etc Enough to warrant the targets for the stock to jump... This drop is huge all i can say is look at the product line... its basically the big three automakers of hockey under 1 banner. I sold my 1/2 my BNK position to ...more  
Comment by Mojodaclown0 on Aug 15, 2016 12:08pm
funny i am looking to buy bkn with this swing trade from psg made today , i exited psg and bnk right on time before both dropped . i think this 10k is a big mistake but also think it will be fixed fast . the ones buying will be rewarded 
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