You know me, every play is basically a chart play at first. Started digging and my DD mind started kicking in...
Pretty good stuff here. If what I am hearing around is true about updates coming... Could be a fun ride here.
My favorite part honestly is this...
Effective as of January 31, 2013, the Company executed a reverse merger by entering into a stock purchase agreement whereby the Company acquired all of the assets, contracts and obligations of ESMG Inc. existing as of that date through a cashless exchange of stock. ESMG Inc., which was formed in the state of Nevada on October 9, 2012, is a formative multi-media entertainment enterprise with an active music production and distribution division, as well as having a business plan to launch a motion picture and TV production and distribution division; a radio content syndication division and an on-line interactive sports division. Accordingly, as of January 31, 2013, through the acquisition of ESMG Inc., we expanded our operations to include entertainment in addition to continuing to offer real estate management services.
Through January 31, 2013, we did not have any patents, trademarks, licenses, franchises, concessions, and royalty agreements, labor contracts or other proprietary interests. However, with the acquisition of ESMG Inc. and our entry into the entertainment industry we began to also acquire various intellectual property rights post January 31, 2013.
Essentially nothing matters to me on balance sheets prior to 1/31/2013 Fresh start with new management team with freaking awesome credentials from what I can tell.
Then there is this:
Convertible Notes:
On April 4, 2013, the Company issued an 8% convertible promissory note in the aggregate principal amount of $32,500 to an accredited investor. The note has a maturity date of January 15, 2014, and allows prepayment of principal at a premium of between 10% and 40% commencing April 4, 2013 until October 1, 2013.
Beginning October 1, 2013, the note is convertible into shares of the Company ’ s common stock at a conversion price of fifty eight percent (58%) of the average of the three (3) lowest per share market values during the ten (10) trading days immediately preceding a conversion date. The note proceeds will be used for working capital and to fund current business requirements. The issuance was exempt under Section 4(2) and/or Regulation D of the Securities Act of 1933, as amended. This financing requires the Company to initially reserve 10,690,000 of its common shares against the potential full conversion of the note.
Tells me this should be a dilution free play until October 2013
Then there is the Share Structure which to me is freaking awesome with insiders holding most the shares of the OS and do NOT have employee stock programs.
Insider Holdings:
David Michery (2) 1875 Century Park East, 6 th Floor, Century City, CA 90067 67,940,000 36.74%
Alan J. Bailey (2) 1875 Century Park East, 6 th Floor, Century City, CA 90067 67,940,000 36.74%
(1) Based on 184,912,000 issued and outstanding shares as of April 15, 2013. (2) Messrs. Michery and Bailey are officers and directors of the Company. Securities authorized for issuance under equity compensation plans. We have no equity compensation plans.
And finally the JUICE factor :
Primco's ESMG Music Division to Release Upcoming Hit Album "The Underground Star" By Artist Choo Biggz and Featuring Rap Legend 50-Cent
Features the King of Rap himself, 50 Cent. The LP is scheduled for release in May 2013, with the single "Tonight" to be released in March. The album will be distributed exclusively by ESMG.
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