Spectrum Group International Inc (CE) (SPGZ) News

SPGZ one for 10 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

Payment received 6/17/14.

SPGZ one for 1,000 reverse split:

http://www.otcbb.com/asp/dailylist_detail.asp?d=05/13/2014&mkt_ctg=NON-OTCBB

"Going Private" (5/12/14)

As a result of the Reverse Stock Split and the repurchase of shares from holders of less than 1,000 shares, the Company has fewer than 300 stockholders of record and is therefore eligible to terminate the registration of its common stock with the Securities and Exchange Commission (the “SEC”). The Company intends shortly to file with the SEC a Form 15 to deregister its shares. Upon the filing of the Form 15, the Company’s obligation to file periodic and current reports under the Exchange Act will be immediately suspended. Deregistration of the Company’s shares will be effective 90 days after filing of the Form 15. Upon deregistration of its shares, the Company’s obligation to comply with the requirements of the proxy rules and to file proxy statements under Section 14 of the Exchange Act will also be terminated. In addition, the Company will no longer be subject to the provisions of the Sarbanes-Oxley Act.

The Company will not be required to file periodic and current reports with the SEC in the future unless the Company subsequently files another registration statement under the Securities Act of 1933, as amended, or again have record holders of its common stock in excess of 300.

http://www.sec.gov/Archives/edgar/data/895516/000089551614000046/sgi_8-kxreversestocksplit.htm

Reverse Split Approved (5/12/14)

At a Special Meeting of Stockholders of Spectrum Group International, Inc. (the "Company") held on May 12, 2014, the Company's stockholders approved (a) an amendment to the Company's Certificate of Incorporation to effect a 1-for-1,000 reverse stock split (the “Reverse Stock Split”) such that stockholders of record who hold fewer than 1,000 shares of common stock will have such shares cancelled and converted into the right to receive $0.65 for each share of common stock held of record prior to the reverse stock split; and (2) an amendment to the Company’s Certificate of Incorporation to reduce the number of authorized shares of common stock from 40,000,000 shares to 40,000 shares and to reduce the number of authorized shares of preferred stock, par value $0.01 per share, of the Company from 10,000,000 shares to 10,000 shares.

Also on May 12, 2014, the Company filed a Certificate of Amendment to its Certificate of Incorporation with the Secretary of State of the State of Delaware (the "Certificate of Amendment"), which effected the Reverse Stock Split and the reduction in the number of authorized shares.

As a result of the filing of the Certificate of Amendment:

• The number of issued and outstanding shares of the Company's common has been reduced proportionately based on the reverse stock split ratio of 1-for-1,000;

• The number of authorized shares of the Company's common stock has been reduced proportionately based on the reverse stock split ratio of 1-for-1,000;

• The number of stockholders of record of the Company has been reduced below 300, which allows the Company to terminate the registration of its common stock under the Exchange Act of 1934, as amended (the “Exchange Act”);

• Each share of common stock held by a stockholder of record owning fewer than 1,000 shares immediately prior to the effective date of the Reverse Stock Split has been converted into the right to receive $0.65 in cash (subject to any applicable U.S. federal, state and local withholding tax), without interest, per pre-split share;

• Each share of common stock held by a stockholder of record owning 1,000 shares or more immediately prior to the effective date of the Reverse Stock Split has been reduced proportionately based on the reverse stock split ratio of 1-for-1,000 and will receive a fractional share to the extent required by the reverse split ratio;

• Stockholders who hold their shares in street name, through a broker, bank or other nominee, will be treated in accordance with the procedures of their nominee, but the Company intends that stock held in street name will be treated in the same manner as stock that is held of record.

Trading of the Company's common stock on the OTC Pink Sheets on a split-adjusted basis is expected to begin shortly.

http://www.sec.gov/Archives/edgar/data/895516/000089551614000046/sgi_8-kxreversestocksplit.htm

"Beer Money" trade.

Buy 999 shares. Get $.65 per share.

Special Meeting scheduled for 5/12/14 at 10:00 PST.

https://www.sec.gov/Archives/edgar/data/895516/000089551614000039/spgz_sc14aformtypedef14a.htm

This won't bounce higher than $.60, that's what the company is paying for fractional shares when they go private in the next month or two.

Super risky, IMO. This isn't a typical bounce play.

SPGZ Chart: BOUNCE RADAR.............$$$

Hahahahahahahahahaha.........Bounce radar!!,.......$$$

1-1000 R/S, deregistering, which is the death knell for shareholders

There was a spinoff to AMRK. SPGZ will soon go private and drop down to the pinksheets.

Why did this fall so far today?

you do realize that these comments are like from 8 years ago...lol

Considering the company intends to cash out fractionals at $.60/share, I think these folks are all overpaying at this point. This should probably be trading in the .40-.50 range.

you forgot the "E' Weiner ...

Did you mean .70 ?

Support has been broken ! LOL

It has a strong support at $2.

However, this stock has no reports and is an ugly pinkie now.
They need to report financial.

Any thoughts ?

Chart looks a bit toppy, but still the MA20 has not dropped down. Though it has become flat.

MA50 support ?

ESCL Daily chart:

ESCL Chart:

Did ESCL finally cut ties with "Forum Filatélico" ?

I lost track of this thing.

ESCL has no volume.

nobody buy, nobody sell either.

any financials are out? Why does it take so long to recalculate the earnings?

I am buying here due to the short squeeze potential, PE of 2.5 and the profitable business. See you at 7

Fundamentals of this stock look really good... however, they did lose a lot of money on that class action lawsuit... Not sure it is shorting as people here think...

someone think that is good bid at this level??? can ESCL go up again??
I don't know this stock

OK...I'll break the silence...
WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE! YES! ;)

Why So Quiet..?

It ran BETTER than good! lol

Good Luck!

Running today on good news.

ESCL - short squeeze war going on today !! - join the battle - with enough troops we can force them to cover big time and this could triple !

This stock was $30 in May and has an improving financial situation. The buyers are winning at the moment this morning.

Make this short squeeze unstoppable !!

Stock is a winner IMO