Pershing Gold Corporation (Nasdaq:PGLC) is an emerging gold producer whose primary asset is the Relief Canyon Mine in Pershing County, Nevada. The company is listed on the NASDAQ Global Market and the Toronto Stock Exchange under the symbol PGLC and on the Frankfurt Stock Exchange under the symbol 7PG1.
Pershing Golds Director and Key Backer, Barry Honig, As Described in Plea Agreement
Honig was Chairman of the company until he resigned on February 9, 2012. He currently remains as director. While no longer the key front man, he is still a key backer of the company, according to the companys most recent 10-K dated December 31, 2016. As of that filing, Honig owned 8,842,763 shares of PGLC, representing approximately 28.4% of the companys voting securities.
In 2015, Joseph A Noel, the CEO of a penny stock company called YesDTC Holdings, was charged with securities fraud for running a pump and dump scheme. Noel was charged both criminally and civilly, and ultimately pled guilty. A copy of the plea agreement in which Noel confessed his crimes to authorities, also details Noels account of the role that Barry Honig played in the scheme, including setting up a reverse merger via a shell company he controlled and by encouraging a focus on stock promotions to drive up the price rather than focus on fundamental drivers. Per the plea deal:
Top Penny Stocks To Invest In 2018: QC Holdings Inc.(QCCO)
- [By Monica Gerson]
QC Holdings (NASDAQ: QCCO) shares tumbled 2.58% to reach a new 52-week low of $2.27. QC Holdings’ trailing-twelve-month profit margin is 0.60%.
NewLead Holdings (NASDAQ: NEWL) shares dipped 6.56% to touch a new 52-week low of $0.08 after the company completed the acquisition of titles in the Viking Mine located in Kentucky, USA.
Top Penny Stocks To Invest In 2018: Brocade Communications Systems Inc.(BRCD)
- [By Lisa Levin]
Broadcom Limited (NASDAQ: AVGO) and Brocade Communications Systems Inc. (NASDAQ: BRCD) disclosed a definitive deal through which the former would acquire the latter for $12.75 a share in cash. This would translate into a valuation of about $5.9 billion, including $0.4 billion of net debt.
Top Penny Stocks To Invest In 2018: Sirius XM Radio Inc.(SIRI)
- [By Peter Graham]
A long term performance chart shows Pandora Mediapeaking in 2014 before heading back to where it started while other streaming media stocks such as large cap satellite radio stockSirius XM Radio Inc (NASDAQ: SIRI) has performed better and InternetTV stock Netflix, Inc (NASDAQ: NFLX) has been a homerun:
- [By Rick Munarriz]
There are a lot of people betting against Sirius XM Radio (NASDAQ:SIRI)these days, even as the stock is hitting 10-year highs. There were 280.1 million shares of Sirius XM sold short at the end of 2016, just below the late-November peak of 285.1 million shares but nearly double the short interest that we were seeing a year ago.
- [By Ashley Moore]
But before we get to the stock pick, here’s a list of the 10 top-performing Warren Buffett stocks so far this year…
Company YTD Gains
Moody’s Corp. (NYSE: MCO) 34.25%
Apple Inc. (Nasdaq: AAPL) 30.24%
Verisign Inc. (Nasdaq: VRSN) 29.88%
Restaurant Brands Inc. (NYSE: QSR) 29.16%
WABCO Holdings Inc. (NYSE: WBC) 28.97%
Visa Inc. (NYSE: V) 26.20%
Liberty Sirius XM Group Class C (Nasdaq: LSXMK) 24.54%
MasterCard Inc. (NYSE: MA) 24.35%
Liberty Sirius XM Group Class A (Nasdaq: LSXMA) 22.89%
Sirius XM Holdings Inc. (Nasdaq: SIRI) 22.81%
Again, we don’t recommend all of the stocks above for retail investors. After all, Warren Buffett is one of the most wealthy and legendary investors in history. He has a completely different set of goals from us.
- [By Jon C. Ogg]
The long saga regarding Pandora Media Inc. (NYSE: P) has finally come to a head. Well, maybe. Rather than KKR & Co. L.P. (NYSE: KKR) investing $150 million, Sirius XM Holdings Inc. (NASDAQ: SIRI) will be investing up to $480 million in the streaming music rival. With its ticketing unit sale taking place as well, it might seem that Pandora is getting a great deal and helping to bolster its books.
Top Penny Stocks To Invest In 2018: Eagle Bulk Shipping Inc.(EGLE)
- [By Lisa Levin]
Shares of Eagle Bulk Shipping Inc (NASDAQ: EGLE) were down 49 percent to $0.381. Eagle Bulk Shipping announced after Wednesday’s close it has reached an agreement with its lenders and holders of its equity to raise $105 million.