PV ENTERPRISES INTERNATIONAL, INC (PVEC)
Share Structure Increases to the number of authorized common shares per the NV SoS:
5/30/14: 13,000,000,000 https://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=uyx9DfdRU25WJll%252fgaY8sQ%253d%253d&CorpName=PV+ENTERPRISES+INTERNATIONAL%2c+INC. Shares Outstanding = 2,971,825,050 a/o Sep 30, 2013 (reported in quarterly report)
Shares Outstanding = 4,028,505,050 a/o Jan 28, 2014 (per statement on PVEC website dated 1/27/14) Shares Outstanding = 7,023,515,050 a/o Mar 31. 2014 per quarterly filing. Shares Outstanding a/o 6/27/14 = Undisclosed by comany
Float = Reported as 750,000,000 a/o Nov 22, 2013 on OTC Markets
Float = 2,110,679,152 a/o Jan 28, 2014 (per statement on PVEC website regarding "active" shares dated 1/27/14)
Float a/o 6/27/14 = Undisclosed by company
Authorized Common Shares = 13,000,000,000 a/o 5/30/14 (per NV SoS)
PVEC financial reports: http://www.otcmarkets.com/financialReportViewer?symbol=PVEC&id=115002 PVEC company profile: http://www.otcmarkets.com/stock/PVEC/profile
Any new SEC filings such as Form S-1, Form 10, Form D or Form 1-A would be found via PV Enterprises International, Inc.'s CIK on EDGAR (link below).
No filings can be made until/unless the company updates the corporate information, which is still under the former corporate name of Lifestyle Innovations, Inc.
Form 8-K filings can't be made by companies with unregistered stock.
PVEC price and volume since the 11/7/2011 announcement of the reverse merger with PV Enterprises and Peter Villiotis becoming Chairman and CEO:
MESSAGE TO SHAREHOLDERS FROM CEO PETER VILLIOTIS
January 27, 2014, 10:45:28 AM »
I know you are concerned for the future of the company and especially with the increase of our authorized shares and the lack of the divided from IMAG Group.
I would like to share the following with you:
The fact is that the company and everyone involved, all employees and consultants, are working very hard, in the same direction with the same vision, to bring the company to a successful level, generating considerable revenue and creating for us a very competitive presence in the maritime business.
Our share structure as of today is as follows:
As you’re aware the corporation is challenging and proceeding to retire 1,098,686,000 shares back to the treasure. From which 478,000,000 have been retired already. Unfortunately additional investigations confirmed that 275,000,000 million more shares had been issued during the conversions we are challenging and have already been sold. Adding these additionally fraudulently issued shares into the total previously mentioned, we have determined the actual number of shares distributed during the challenged conversions is 1,373,686,000. We will be seeking additional legal assistance to help us resolve the issue of the 275,000,000 shares already sold.
As noted above, the amount of Active Shares 2,110,679,152.
The remaining 1,917,825,898 are held (unregistered) as collateral for outstanding loans and services and in the form of restricted shares. After the completed return of all shares to the corporate treasury the total outstanding will be lowered to 2,654,819,050 and the registered and tradable shares will be 736,992,152 respectively. Of the total outstanding shares, 450,000,000 are restricted and issued to entities and consultants for the purpose of moving forward and already consummated mergers; leaving an estimated number for the outstanding share count to be 2,204,819,050 and the shares in the tradable float to be 736,992,152.
Based on information provided by shareholders and regulatory agencies, we consider a minimum of 40% of the current tradable shares, (294,796,861) to be in shareholders hands being held long and not regularly being traded. This presents a tangible, liquid, trading-float of 479,044,899.
As we have previously shared with you, our master plan in the very near future is for the corporation to purchase many shares from the float effectively retaking control and lowering it even further.
Our intention is to bring the trading float as low as possible (Below 300,000,000).
Regarding the spinoff of the subsidiary Red Tide (IMAG Group) the corporation filed July 2013. I want to advise you that the filing was done properly as per SEC rules and that the divided rate as well as the pay date was set by FINRA. Unfortunately the IMAG Group management was not prepared for such arrangements and the SEC did not approve their S1 filling due to their proposed business plan being very weak.
I want to assure all our shareholders that we’re working to find the best way to satisfy our shareholders for the loss of this dividend and we will continue to update our shareholders as we continue to move forward.
Company Contact Information
Office Location Address
Portside Yachting Center
1850 SE 17th Street Causeway
Ft. Lauderdale, FL 33316
954 478 6622