IrishTxAggie said:

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Out of 3/4 of my MU 6/21 $35s at $1.15 at a 135% return.

Set a sell for the remaining 1/4 at $1.50

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Dobre casy said:

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Is anybody staying in TEUM?

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Rice and Fries said:

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Dobre casy said:

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Is anybody staying in TEUM?

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Not going to sell now at a loss....its a buy and hold long term.

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IrishTxAggie said:

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Out of 3/4 of my MU 6/21 $35s at $1.15 at a 135% return.

Set a sell for the remaining 1/4 at $1.50

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Quote:

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Pareteum has issued a statement to reassure investors after its stock suffered a sharp fall on 07 June. The company said it was a victim of short-selling.

The share price lost over USD 1 to close at USD 2.16 on 07 June. In early trading on 10 June it had recovered some of the losses to trade over USD 3.

The company acknowledged that "short selling is legal and it is an important part of the capital markets". However, certain short sellers have used "questionable tactics, including leveraging the media to misrepresent facts and make anonymous spurious claims against the company and its officers," Pareteum said in a statement.

This follows a report from the research group Aurelius Value that said it was shorting Pareteum stock. Its investigations cast doubt on some of the customers announced by Pareteum, the reputation of some members of the company's management and whether the extensive backlog can be converted into returns for investors.

Pareteum "categorically denies the allegations put forth" and said "every one of us at Pareteum is fully dedicated to upholding the highest standards and reporting requirements of a public company". The company added that it "did not intend to legitimize those reports by delving in to them".

The group said it will "continue to focus on operating our business and generating strong financial results. We believe executing on this plan will ultimately create significant value for long term shareholders."

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IrishTxAggie said:

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Parateum comments on the short sale

Quote:

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Pareteum has issued a statement to reassure investors after its stock suffered a sharp fall on 07 June. The company said it was a victim of short-selling.

The share price lost over USD 1 to close at USD 2.16 on 07 June. In early trading on 10 June it had recovered some of the losses to trade over USD 3.

The company acknowledged that "short selling is legal and it is an important part of the capital markets". However, certain short sellers have used "questionable tactics, including leveraging the media to misrepresent facts and make anonymous spurious claims against the company and its officers," Pareteum said in a statement.

This follows a report from the research group Aurelius Value that said it was shorting Pareteum stock. Its investigations cast doubt on some of the customers announced by Pareteum, the reputation of some members of the company's management and whether the extensive backlog can be converted into returns for investors.

Pareteum "categorically denies the allegations put forth" and said "every one of us at Pareteum is fully dedicated to upholding the highest standards and reporting requirements of a public company". The company added that it "did not intend to legitimize those reports by delving in to them".

The group said it will "continue to focus on operating our business and generating strong financial results. We believe executing on this plan will ultimately create significant value for long term shareholders."

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Quote:

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TEUM's Management Team Has Extensive Ties to Previous Alleged Frauds and Failures
TEUM's biographies of Turner and Chief Operating Officer, Denis McCarthy, fail to disclose their respective roles as CEO and CFO of Catcher Holdings, a now worthless stock that was owned by a group that included an entity controlled by Barry Honig, who was charged by the SEC last October with fraud for allegedly masterminding a series of pump and dump schemes. On May 22nd, CNBC reported there is a parallel criminal investigation into Honig's alleged pump and dump ring being conducted by the U.S. Attorney's Office of San Francisco.
Catcher had declared itself "a visionary technology leader" with clients "among the world's largest private and public companies". After joining in early 2007, Turner told investors Catcher "is a great company" and "will be a greater company through our execution". But just weeks after completing an acquisition in December 2007, Turner suddenly left Catcher which quickly collapsed in April 2008 due to "insufficiency of working capital". Turner resurfaced with McCarthy and TEUM's now-CCO, Vic Bozzo, at Pac-West Telecom, but left in 2011 and that company later filed bankruptcy in 2013.

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Ragoo said:

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H/S on the 1-minute SPY here.

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badharambe said:

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thats true, but they sell games online too...enabling customers to pick up in the store that day if they want, or just download to their systems that day as well.

Reasons to buy imo: sentiment is so negative, the continued growth of the gaming industry, and solid financials.

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Prognightmare said:

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tramaro1 said:

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Who was the AMD expert? Are you continuing to hold your calls and riding the movement up or getting out while it is high? I am net free on my handful of calls and just have been watching it continue to rise. Trying not to get greedy though.

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I'd sell. The short term news has all come out and it's moved from $27-34 in less than 2 weeks. Think about QCOM recently. It shot up on huge news and then comes back down. I'm taking my profits and waiting. JMO

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