Sunday, August 24, 2014 12:01:40 PM
Please don't make it worse than it is.
The OTC Market Place has a yield sign not a stop sign. The yield sign is due to limited information or non-timely reporting.
With respect to your comment on price, that is also incorrect, if one were to adjust the price for the reverse split, it is currently .000003 bid .000004 ask as compared to a high of .05. You do the math, but that is a big decline.
Of course, one also has to deal with the percentage of ownership after the reverse split and the issuance of the convertible preferred stock to Mr. Samblis and, his increase in ownership of the Company. The percentage of which, we do not know as of today, because the transfer agent is gagged and thus, if there were any conversions of debt and increase in the number of shares, that is not reflected on any of the chat rooms or otc market place website.
However, assuming there were no conversions, the market cap of PNCH stands today at less than $10,000.
All of the above is obtained from public information.
Remember, Meadow2009 does not recommend you buy or sell any stock, always do your own due diligence,
Cheerio
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