Describe the Issuer’s Business, Products and Services
The company’s primary products are a line of all natural hemp and cannabis related food products as well as natural substitutes for prescription drugs.
Security Information Trading Symbol:PMRS Exact title and class of securities outstanding:Common CUSIP:740530308 Par or Stated Value: $0.001 Total shares authorized: 5,000,000,000 as of:12/31/13 Total shares outstanding: 2,359,983,160 as of:12/31/13
Adjusted Tradable Float is 784,257,046:
Posted float 1,600,524,582 Christopher Graybosch has 51% = 816,267,536 Shares Restricted till: 09/12/2014 Float left to trade not knowing what any other officers or insiders own is 784,257,046
Cash Sovlntt:
The Company maintains its cash accounts at several financial institutions,which at times may exceed the insurable FDIC limit, but management believes that there is little risk of loss
Minimal Debt:
On October 31, 2009 the Company issued a Convertible promissory note to Pacific Park Investments (the Lender) in return for checks totaling $150,000.00. The note was to be paid in full on by October 31, 2010 and due to the short-term nature of the note it carries a zero interest rate. The holders may at its election convert all or part of this note into shares of the Company's common stock at a fixed predetermined discounted conversion rate determined at the commitment date. The notes have matured during the year and are considered in default by the Lender.
ACCOUNTS RECEIVABLE
Commercial launch of its product line is expected to be in April of 2014.
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