Wednesday, September 28, 2016 5:42:08 PM
During the year, PMEA tells us things are progressing and sales are coming. All the things we want to hear, but we never really see any product, or manufacturing plant (BTW, the pictures and video on the website appear to show them in a state of the art facility?)
One year from each individual loan commencement, the debt repayment becomes due, however, PMEA defaults on the repayment of those loans. (But we never hear about it.)
90 days later the finance company/s secretly file with the SEC to allow the liquidation of stock for payment per the agreement. (We never hear about this either.)
PMEA then releases news about possible sales, and great things coming
The PPS spikes and the finance company starts to slowly dump shares to make a profit.
PMEA vanishes with their 700K or they do a RS to clean house and start all over. its the rinse and repeat game. a classic scenario!
Have any of you googled the WY address? It's a real estate office that has a registered agent service. I called them, and they've never meet the owners for EVADA nor have they heard of any aircraft companies opening shop in their county.
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