Amerinac Holding Corp. (fka PAOS)

[Renee]

PAOS: effective Feb. 18,2022, company going private. FINRA will delete the symbol.

https://otce.finra.org/otce/dailyList?viewType=Deletions

[Renee]

PAOS: 1:1000 R/S cashing out fractional shares at $45 per share, immediately followed by 1000:1 F/S.

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

[funnyG986]

PAOS news private investors bought at $40 per share

On July 17, 2017, the Company completed the final closing of a private placement (the “Private Placement”) with approximately 17 accredited investors (the “Investors”), pursuant to which the Company sold to the Investors a total of 75,500 shares of restricted common stock (the “Shares”) of the Company at a purchase price of $40.00 per share, and total consideration of $3.02 million.

[Renee]

Precision Aerospace Components Inc. changed to Amerinac Holding Corp.:

[funnyG986]

PAOS name change coming from 8k; insider holding 94% OS

Precision Group Holdings LLC (“PGH” or the “Majority Shareholders”) is entitled to vote a total of 196,743 shares or approximately 97.4% of the total issued and outstanding common stock of Precision Aerospace Components, Inc., a Delaware corporation, which we refer to as “Precision” the “Company,” “we” or “us.” The Majority Shareholder has adopted the following resolutions by written consent in lieu of a meeting pursuant to the Delaware General Corporation Law.


1.
Authorize the officers and directors of the Company to cause the Company to amend its Certificate of Incorporation in order to change the name of the Company from “Precision Aerospace Components, Inc.” to “Amerinac Holding Corp.”

[Renee]

PAOS one for 2,500 reverse split: (PPS closed up 33% to .02, hmmmmmmm)

http://otce.finra.org/DLSymbolNameChanges

[LexTrader]

Payment for Fractional Shares – Whether shares are held in street name or directly, fractional shares of Common Stock will not be issued to stockholders. Instead, if the number of "pre-split" shares of Common Stock held by a shareholder is not evenly divisible by two thousand and five hundred (2500), the shareholder will receive a cash payment equal to $0.02 for each "pre-split" share of their fractional share. The number of authorized Common stock shall remain unaffected and the par value shall remain at $0.001 per share.



For example, if you own 6,028 shares of the Common Stock, the 1-for-2500 reverse stock split will reduce your number of common shares to 2 shares after the Reverse Stock Split and you will receive a cash payment equal to $20.56 ($0.02 multiplied by 1,028). The cash payment is subject to applicable federal and state income tax.

[funnyG986]

PAOS I see smart money hitting the ask with 2499 blocks

[funnyG986]

PAOS RS tomorrow, fraction share will receive 0.02 per share from Def 14

[threewheeler]

http://otce.finra.org/DailyList

[funnyG986]

PAOS 0.05 x 0.06 MAXM on top bid

[funnyG986]

PAOS 0.045 x 0.06 MAXM on top bid now

[funnyG986]

PAOS 0.05 nice ut.

[funnyG986]

PAOS they are restructuring the company. new officers and lots of new merger of their subsidiaries.

On April 1, 2016, the Company announced Victor Mondo as the new Chief Executive Officer of the Company and as President of Aero-Missile Components, Inc., one of the Company's subsidiaries. Mr. Mondo will become the Chief Executive Officer of the Company upon the Company completing the filing of this Annual Report for 2015 with the Securities and Exchange Commission. John F. Wachter will remain the interim Chief Executive Officer until such filing is completed. Mr. Mondo has assumed the role of President of Aero-Missile Components, Inc. as of April 1, 2016.

On or about January 21, 2016, Freundlich Supply Company, Inc., a wholly-owned subsidiary of the Company was merged into Aero-Missile Components, Inc. another wholly owned subsidiary of the Company. The Company intends to keep using the Freundlich trade name.

On or about March 3, 2016, Tiger-Tight Corp., a wholly-owned subsidiary of the Company was merged into Creative Assembly Systems, Inc. another wholly-owned subsidiary of the Company. The Company intends to keep using the Tiger-Tight trade name.

[threewheeler]

10k too much over head, all profits eaten up PAOS

[funnyG986]

PAOS new CEO Victor Mondo 04/06/2016


pretty high profile, it seems
https://www.linkedin.com/in/vic-mondo-284a9716

[FlipAtrip]

Audited 10K for 2013 and 2014 out in a few weeks

[Renee]

PAOS is severely delinquent in filing their Financials and corporate filing obligations to the SEC. On Feb. 20, 2015 the SEC suspended 8 stocks from the Delinquent SEC Filers list, and it is likely that more delinquent Filers will be suspended.

Since Jan 1st, 2010 the SEC has suspended over 1290 stocks for Financials delinquencies. All of those Suspended stocks had their stock registrations revoked.

Shareholders should contact the company and pressure the Mgmt to file their delinquent Financials because ALL shareholders would be wiped out IF the SEC suspends the stock.

PAOS is on the list of delinquent filers:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110680509

[ErnieBilco]

Gotta wait til the bid ask dance is done to see where a sale will go thru.

[mick]

who said aerospace is dead? thank you.

[funnyG986]

not sure about QASP. but check out PAOS CEO Andrew S. Prince PROFILE

Mr. Andrew Steven Prince, MBA, JD has been the Chief Executive Officer, President and Chief Financial Officer of Precision Aerospace Components, Inc. since January 18, 2007. Mr. Prince has been the Chief Executive Officer and President of public and private companies and Managing Member and Chief Operating Officer of a private equity fund, Managing Member of investment banking and consulting firms and a Senior Government Official. Mr. Prince has been principal of Prince Strategic Group LC since last five years, a strategic advisory and merchant-banking group. He served as the Principal Financial Officer of Precision Aerospace Components, Inc. Mr. Prince served as Chief Executive Officer and President of Solar Satellite Communications, Inc. from December 7, 2001 to April 10, 2002. He was a manager of venture capital funds and investment banking and consulting firms. Mr. Prince also served as Deputy Assistant Secretary of the Navy. He was responsible for the worldwide Defense Department's sea-lift logistics operations and the other operations of the Military Sealift Command. He is a retired Naval Reserve Captain whose responsibilities included two years as the Commanding Officer of a Submarine Support facility. Mr. Prince also was an attorney with a major Wall Street law firm and is admitted to practice before New York state courts, Federal courts, and the United States Supreme Court. He has been a Director of Solar Satellite Communications, Inc. since December 7, 2001 and Precision Aerospace Components, Inc. since January 18, 2007. He serves as a Director of Gibbs & Cox, Inc. Mr. Prince serves as Member of Advisory Board for Technology of National Capital Companies, LLC. He served as a Director of Arkados Group, Inc. (formerly, CDKNet.Com Inc.) from June 1, 2004 to June 1, 2006. Mr. Prince is a graduate of the United States Naval Academy, earning his B.S. degree in Mathematics and Physics, the United States Naval Submarine School and the Naval Nuclear Power Program. He received his J.D. and M.B.A. degrees from the Harvard Law School and Harvard Business School respectively.

http://investing.businessweek.com/research/stocks/people/person.asp?personId=10114659&ticker=PAOS

[mick]

reading your stuff. is this comparable to qasp. competition wise?

'Precision Aerospace Components, Inc. (PAOS)'

[AnG5640]

:)

[funnyG986]

you really do think differently

[AnG5640]

EPGL & ESPH are two more real companies.....no love for those either, lol!

[funnyG986]

lol.

[AnG5640]

PAOS....I agree. I've looked at their financials & it actually looks like a real company...... No love in penny land for real companies :(

[funnyG986]

if you read their Q, you will be amazed.

[Traderfan]

I like this one as well.

[ChitownMike]

Agreed. Nice to see life here

[funnyG986]

PAOS all it needs is just more exposure.

[funnyG986]

PAOS all it needs is just more exposure.

[funnyG986]

PAOS anything under $0.1 is cheap

[funnyG986]

PAOS 0.084 x 0.14 another GEM undiscovered. Quick facts

Authorized: 100,000,000
Issued and Outstanding: 4,282,849
Nine month Revenue in 2013: $20,429,679

Last Q:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9614032

[funnyG986]

PAOS 0.08 hit. nice pickup price

[ChitownMike]

No idea really. I'll keep adding until it catches up with its true valuation.

[AnG5640]

Hey ChitownMike! What's the deal with the low pps here???!!

[ChitownMike]

Hi! Good to see you here, ang!

[AnG5640]

Helloooooo PAOS!!

[EthanolTurbo]

I don't think they're as into their PPS as most of these OTC scam companies are. These guys are legit, but they aren't pumping and releasing PR's etc.

I do believe they have some debt, but I too am puzzled about their low PPS vs their big assets and yearly revenue. Also don't forget that they aren't really in the spotlight on OTC. :\

[JerseyDrew]

Why is it down here both pps wise and exchange wise? I haven't really read the filings or history but from your posts it sounds super under valued just wondering if it was such a solid company why not rs and up list.

[ChitownMike]

Great PAOS article

http://www.aimhighprofits.com/check-out-precision-aerospace-components-paos-2014-1

[funnyG986]

I would prefer it that way, so that i can load more

[ChitownMike]

Still amazed paos doesn't get the attention it deserves

[funnyG986]

Agree. PAOS really nice uptick today. Trying to load some at bids all day but without luck

[ChitownMike]

Great day! Volume!

[EthanolTurbo]

PAOS should fly soon. I mean, how could it not? Extremely undervalued.

[Traderlife]

Your a mod. !!

[Benji]

Please read the latest filing.... PAOS


http://www.otcmarkets.com/stock/PAOS/filings

[Benji]

PAOS will have a great 2014