Pingify International Inc. (OTCQB: PGFY) has been halted in the morning hours of May 14th, 2014. The Commission temporarily suspended trading in the securities of PGFY because of concerns regarding potential manipulative activity in Pingify’s common stock that appears to be related to a promotional campaign currently being conducted through various Internet web sites.
The Commission cautions broker-dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company.
The SEC acknowledges the substantial assistance of FINRA in this matter. The Alberta Securities Commission and the British Columbia Securities Commission have both issued cease trade orders concerning PGFY’s securities.
PGFY is currently priced at $.738 per share.
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