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CHARLOTTE, N.C., July 11, 2023 /PRNewswire/ -- ParagonX Holdings (OTC: CAVR) is pleased to announce it finalized the acquisition of Asher Homes, Precision Project Management, Inc. ("PPM") and Ruhl Construction (collectively "Ruhl Construction"). The non-dilutive acquisition should create over $60 million in annual revenues and over $8 million in EBITDA based upon the historical performance of the companies being acquired and expected revenue from ParagonX's other subsidiaries, including Hospitality Renovation Services (HRS). These multi-state home and land developers, based in Tulsa, Oklahoma, are well known for their quality and design, which led to consolidated revenues of $48 million for 2022 (unaudited) and have continued strong performance in 2023.
"I am very excited to begin this journey in the public space after years of building strong foundational businesses in the private sector. I look forward to working with the team as we build on our success and expand even further," said Daniel Ruhl, President of Ruhl Construction & Asher Homes.
This acquisition not only brings in well capitalized growth companies but will also allow ParagonX to scale our rapidly growing majority-owned subsidiary, HRS.
To be expected, IMO
whatever happened to Russell Sinacori, Silver, Kevin Cox and Grant Edwards delivering:
Shareholder value?
Uplisting?
New ticker?
60mm revenue?
How much money did they blow?
Nascar?
New headquarters?
RenuYou?
GTA?
SOKU?
Drip?
Name changes?
Canary Travel?
Monument Real Estate?
Websites?
PostBidShip?
Hospitality Renovation Services?
Trudant?
Acquisitions that likely aren't as completed/finalized as recent press releases claimed?
So they bought back shares to start dumping again. These guys
That's what I said. i was referring to the time when they only had Sinacori. Before they started buying all the junk.
for screwing up a good thing?
Drip?
GTA?
SOKU?
Tarver?
What do the above have in common?
the only good thing, imo, was Sinacori
Quarterly is due on the 15. With extension it goes to the 20th. Will be interesting to see if they even file. 2 companies with projected Rev of 60 million is just a big joke. I will be surprised if there is anything left to CAVR. These two companies probably broke the deal when the price began to crash.
Too bad we can't sue Kevin and Grant for screwing up a good thing.
🚨 $CAVR
💰0.0050
(https://www.tradingview.com/symbols/CAVR/?offer_id=10&aff_id=29379)Pink Current, AS: 2.4B, OS: 1.5B, US: 821M
Held at DTC Shares Updated:
🔴 682,983,731 (2023-10-25)
🟢 700,290,122 (2023-10-27)
Difference: +2.5% (+17M)
Outstanding Shares Updated:
🔴 1,484,161,941 (2023-10-25)
🟢 1,501,468,332 (2023-10-27)
Difference: +1.2% (+17M)
Unrestricted Shares Updated:
🔴 803,898,248 (2023-10-25)
🟢 821,204,639 (2023-10-27)
Difference: +2.2% (+17M)
Chart (https://www.tradingview.com/symbols/CAVR/?offer_id=10&aff_id=29379), OTC Profile (https://www.otcmarkets.com/stock/CAVR/security), Twitter (https://twitter.com/search?q=$CAVR&src=typed_query), @otcupdates
I'd be shocked to learn that AVR did a million annually.
I suspect Ruhl ran for the hills.
Canary Travel- I believe owned by the mom of 1 of the kids in GTA.
Tarver- is anybody presently or formerly associated with CAVR visiting him in federal prison?
No idea. New management hasn't said anything. It would be nice if they at least gave us dreams of giant skyscrapers and high end land development. Grant bounced and deleted his Twitter as fast as he could. Did anyone tell Joe he was in charge now? Ironic that Joe is the owner/founder of AV Rover but I haven't seen anything. Maybe his share reduction plan didn't work out so well.
Closed above a half penny
how jubilant management must be
Down today
5th consecutive day
$0.004725
-$0.000175 (-3.57%)
Volume: 1,027,972
IMO:
Kevin opted to be CEO of a flawed company.
So many failures, all seemingly originated by another individual.
I wonder how that NASCAR sponsorship worked out?
Whose brainchild was that?
How's the residential tower coming along?
Growing Together Academy?
Drip?
SOKU?
Tarver?
Now that I bought a bunch more it will probably go into the trips. Kevin and company really did a job on this one. Too bad we can't sue them.
Down today
4th consecutive day
Now sub half penny
Trading below a half penny.
Not surprising, IMO.
Don't know about that buy/sell data. I bought several million shares and they showed up as sells. Well dah, for every buy there is a sell.
Down again
BIG VOLUME
SELL TO BUY RATIO @ 5:1
Traded below a half penny
Traded below lowest PPS in the last 4 months
$0.005
-$0.00087 (-14.82%)
Volume: 10,110,434
Wow- big vol
8:1 sell to buy
Looks like it could close below half of 1 penny
Down today
Lower than Monday's closing pps
$0.00625
-$0.00025 (-3.85%)
Volume: 602,359
Where you at, Terd Ferguson? Green today
What companies do you believe are owned by CAVR?
At least Joe actual owns some shares so at least he has a reason. Kevin executed his warrants which I would love to know what that new price was at... I doubt it was the 7 cents he said originally... oops.
Down again
$0.0063
-$0.00065 (-9.35%)
Volume: 4,483,755
Getting pretty close to a half penny, again
$0.0061
-$0.00085 (-12.23%)
Volume: 1,472,783
Day Range: 0.0057 - 0.00655
SG is about as bright and up to date as Lloyd Christmas in Dumb and Dumber. Lloyd walked out of the lobby bar and said, "no way, that's great. We landed on the moon!" What a tool!
Down today
$0.00695
-$0.00025 (-3.47%)
Volume: 1,656,286
No crap! Where have you been? This is old news, Terd Ferguson!
Grant Edwards resigned as Chief Financial Officer to accept a similar positon at another company. The Board of Directors would like to thank Grant for his leadership and dedication over the past two years.
Perhaps Joe Caprino will deliver shareholder value.
The below chart illustrates the value shareholders didn't receive over the last 2 years.
2 YEAR CHART
Good morning $CAVR shareholders!
— PGXHCorp (@ltbhcorp) October 11, 2023
In response to shareholder inquiries related to "Consolidation of Share Base" in yesterday's press release. There are negotiations on the table to accomplish this. There is NO reverse split planned at this juncture.
How about you? You seem to have every answer, now don’t you?
Put your $$$ where your overly critical mouth is. As much time as you spend trolling this company and finding fault in everything… why not step up?
Would you then go by the name Terd Ferguson or would that be Mr Terd Ferguson?
CHARLOTTE, N.C., July 11, 2023 /PRNewswire/ -- ParagonX Holdings (OTC: CAVR) is pleased to announce it finalized the acquisition of Asher Homes, Precision Project Management, Inc. ("PPM") and Ruhl Construction (collectively "Ruhl Construction").
I wonder if this was actually finalized or if it will somehow be reversed, like RenuYou and Monument Real Estate
We are happy to announce Caprino Management, LLC as our new management team to lead us into the future!
ENTITY NAME: CAPRINO MANAGEMENT, LLC
DOS ID: 2564072
FOREIGN LEGAL NAME:
FICTITIOUS NAME:
ENTITY TYPE: DOMESTIC LIMITED LIABILITY COMPANY
DURATION DATE/LATEST DATE OF DISSOLUTION:
SECTIONOF LAW:203 LLC - LIMITED LIABILITY COMPANY LAW
ENTITY STATUS:ACTIVE
DATE OF INITIAL DOS FILING: 10/17/2000
REASON FOR STATUS:
EFFECTIVE DATE INITIAL FILING: 10/17/2000
INACTIVE DATE:
FOREIGN FORMATION DATE:
STATEMENT STATUS:CURRENT
COUNTY: NIAGARA
NEXT STATEMENT DUE DATE:10/31/2024
JURISDICTION: NEW YORK, UNITED STATES
Name: CAPRINO MANAGEMENT, LLC
Address: 916 VAN RENSSELAER AVE, NIAGARA FALLS, NY, UNITED STATES, 14305
Who's gonna be the next CEO? Founder of Canary Travel? PostBidShip? Darren Tarver?
That’s good to hear that there is. I reverse split at this time. I checked with chat GPT about consolidation and there are two other ways of reducing shares and this is the question and reply.
Is there a way to reduce shares in a company that can consolidate shares other than doing a reverse split ?
Yes, a company can reduce the number of shares without conducting a reverse stock split through a process called a share buyback or share repurchase program. In a share buyback, the company purchases its own shares from the market or existing shareholders. This action effectively decreases the total number of outstanding shares.
Another way to reduce shares is through a process known as a share cancellation or retirement. In this scenario, a company can retire or cancel a certain number of its own shares, essentially removing them from circulation.
Both share buybacks and share cancellations are means of reducing the number of outstanding shares, providing potential benefits such as increasing earnings per share (EPS) and improving stock price metrics. However, companies need to comply with legal and regulatory requirements in their respective jurisdictions when implementing such actions. It's essential for the company to disclose such actions to shareholders and stakeholders appropriately. If you have specific questions about a particular company or situation, it's advisable to consult with a financial advisor or legal expert.
Xxxxxxxxxxx
In my opinion I don’t see the company buying back shares and it would be great if they cancelled a chunk of shares in some form or fashion but the trend has been to reverse split. I have not seen a company lately buying back shares other than Nokia and their share price is still falling.
The reply you received from the company said they are working on a solution, while the letter put out by the company stated a solution was already approved by the board of directors, so we shall see.
Thanks
With a PR that came out yesterday and this update today… I’ll take it.
Seems like we should have time for some good news and updates as negotiations are ongoing for how to reduce the share structure
I know that this was just posted but Let’s repeat this- directly from the company.
NO REVERSE SPLIT!
Good morning $CAVR shareholders!
— PGXHCorp (@ltbhcorp) October 11, 2023
In response to shareholder inquiries related to "Consolidation of Share Base" in yesterday's press release. There are negotiations on the table to accomplish this. There is NO reverse split planned at this juncture.
PGXHCorp
@ltbhcorp
Good morning $CAVR shareholders!
In response to shareholder inquiries related to "Consolidation of Share Base" in yesterday's press release. There are negotiations on the table to accomplish this. There is NO reverse split planned at this juncture.
8:59 AM · Oct 11, 2023
·
502
Views
Awesome
According to the website, Cox, Edwards and Sinacori are the C-level employees.
Grant Edwards
Chief Financial Officer
Kevin Cox
Chief Executive Officer
Russell Sinacori
President & Chief Operating Officer
https://livetobehappy.com/#about
The itbh website link is the new Paragon X website
Thanks for your insight. Typically, the R/S would be the kiss of death for the company in OTC pink, but if that is for the uplisting purpose to OTCQB, I would say it could be making positive impact on the share price in the long run. Let's see what happens.
They did announce a consolidation/ Reverse Split so it may go to a dime with a 0ne share for every 12 or so you have….
A one for 10 looked like it would bring the price to 8 cents.
Total shares found on Barchart.com was
1,484,162,000
Current closing price: .0073
.0073 X 10 = .073
.0073 X 14 = . 1022
My guess is a min RS of 1 share for every 10 to 20 shares you own and that’s at todays price. If price goes lower the RS will be higher. Price can also go higher in our favor for and lose less shares but anything goes. RS coming soon
Quote
Consolida?on of Share Base: Caprino Management will be responsible for enhancing shareholder value by consolida?ng Share Base. Caprino has formulated a strategy, which the Board has approved, to significantly reduce the overall number of common shares outstanding.
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