Wednesday, July 19, 2017 3:25:23 PM
I have been following PMEA from September 1, 2016. Watched it run from 0001 to 0026 and back down to where it is at today. Some DD Follows:
EVADA introduced the A4 on June 24, 2016. See: https://biz.prlog.org/EVADAAIRCRAFT/
On July 7, 2016 PMEA then under the control of Jack Merck and Thomas Hamilton and owning Solar Company SUNCETIX , Inc. issued a PR announcing LOI to purchase EVADA. See:
http://www.otcmarkets.com/stock/PMEA/news/PM---E-Inc--Announces-Acquisition-of-EVADA-Aircraft-Corp?id=139312&b=y
NOTE: No mention of Joseph Bourne as part of the company in following PM&E notice:
ISSUER INFORMATION AND DISCLOSURE STATEMENT PURSUANT TO RULE 15c2-
11 SECURITIES EXCHANGE ACT OF 1934 PM & E, INC.
DATED: June 30, 2016
A. Names of Officers, Directors, and Control Persons. In responding to this item, please provide
the names of each of the issuer’s executive officers, directors, general partners and control persons (control persons are beneficial owners of more than five percent (5%) of any class of
the issuer’s equity securities), as of the date of this information statement.
Jack Merck CEO/President, Director, and
Thomas Hamilton Secretary/Director
Joseph Bourne takes over as PMEA CEO (See PM & E announces management changes:
http://www.otcmarkets.com/ajax/showNewsReleaseDocumentById.pdf?id=21886
Quarterly report for Sep 30, 2016 indicates following under section V:
V. Capital Stock
Company issued 500,000,000 restricted shares for the equivalent of $0.0001 per share during this period. And 900,000,000 for debt reduction.
Company issued 12,000,000,000 restricted shares for the equivalent of $0.0001 per share during this period to pay the acquisition of EVADA Aircraft Corp.
Authorized
Company increased Authorized from 3,000,000,000 to 17,000,000,000 common shares,
$0.0001 par value per share.
My take is (1) that there is little reason to believe EVADA is a fake company; (2) CEO Joseph Bourne is a real person and CEO of PMEA; and (3) He may have poorly mismanaged the acquisition of DiNelli and financing the ongoing development of the prototype A4.
Notwithstanding the above, I am deeply concerned with the company going dark and where it now stands. Perhaps this may be a colossal fraud on Mr. Bourne's part.
If so, it has been brilliantly executed. If not, there is still hope that Mr. Bourne maybe able to revive PMEA.
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