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I agree lets get this party started...
How can a company with millions in assets and revenues be trading at one cent? MAYBE they will get their act together and file their financials and get current again!? This is ridiculous! Let's get some movement! Crank off the assets and put that money to work!
A KNOWN 1ST PAYMENT DEFAULT MASTER THAT HAS DONE IT MANY, MANY OF TIMES AND SOMEHOW HAS STAYED OUT OF THE LAW'S HANDS
There's a real problem with their "Chief Investment Officer" as shown on the company's website of www.axiomgp.com He seems to be embroiled in serious issues of numerous 1st payment defaults on "notes" that he created among other issues. This company needs to make changes immediately!
I hear there were major problems with the duct cleaner invoices
Sounds about right...
I agree fmi81 that it was a good move to get rid of the theatre building at this point. The payment seemed to be like $30,000 per month with interest and penalities. Plus it would have been difficult to ever justify normal renovation costs for the amount of revenue that could have ever been generated by the building.
Looks more like to me that Reid, Gwyn and pals scammed everybody...
http://www.nola.com/business/index.ssf/2014/02/metairie_commodity_fund_manage.html#cmpid=nwsltrhead?_wcsid=01C1CA27A5E9FDF25DDFA9AA5EB135A4BE9FB61161E00C691B89DE01E74AF513
http://www.nola.com/business/index.ssf/2010/12/new_orleans_newest_public_comp.html
http://www.nola.com/business/index.ssf/2012/05/orpheum_theater_owners_have_be.html
Looks like they dumped the old building because the city refused to work with them, appears they made out excellent from this and that is good news to shareholders long term
Coffee Company is doing great
Even as the theater sat vacant, Orpheum Property Inc. expanded into new ventures, buying interests in companies that owned property in Mexico, California, Nevada and Belize in exchange for Orpheum Property stock. As recently as March of this year, the company issued a news release announcing another expansion -- the acquisition of a Honolulu coffee company called Coscina Brothers.
Disgruntled investors in the long-shuttered Orpheum Theater have taken ownership of the historic property and put it up for sale for the third time in eight years...
http://www.nola.com/business/index.ssf/2013/08/orpheum_theater_up_for_sale_ag.html
Are they still a Delaware Corp?
I know they have assets and would love to see them file
They call EM " trustees"
do not know. think an independent ceo should be appointed
Possibly another scam by the TECO people, and looming possibilty of lawsuits
My opinion is that the two properties are worth 10% of your values. Maybe PLFF should pay for an appraisal. I have 300,000 of those 15MM shares.
The value of those two properties was about 2.5-3 million and was a strictly stock purchase. Around 15 million shares based about .26 per share.
I think this stock has just been put in someones drawer and when they feel like it, will bring it out again. Any other information would be greatly appreciated.
Steve
a property in Tehachipi CA, one in Pahrump, NV and an interest in 400 beachfront acres in mexico with 340 million pounds of beach pebbles. Also, they just bought an Hawaiian coffee company two months ago
According to Tyrus Young, the NEW CEO (took over from Morris Kahn), the Orphiem theater property was handed back to the lender a few months ago. What is left??
Does the Belize real estate deal still exist? Does anyone have any updated information on it?
Yep, Brother Reid is gathering pennies before the next corporate move by unfit falcon. Vapor?
It appears all of the corporate assets are interchangable with about 3 or 4 of these companies. From the telephone numbers, to addresses, corporate officers, to airplanes. This will be very important when Reids TECO shareholders start looking for assets. SmackDown
It appears all of the corporate assets are interchangable with about 3 or 4 of these companies. From the telephone numbers, to addresses, corporate officers, to airplanes. This will be very important when Reids TECO shareholders start looking for assets. SmackDown
Owner financing they own this plane outright,nice. Maybe they are looking to lease the plane to lower expenses, good move.
Nice looking plane, I wonder if it was purchased with shares of TECO, PLFF or some other stock? SmackDown
So this company isn't reporting either? I wonder how many of these public companies Andrew Reid has? SmackDown
The coffee company has great coffee I think this is a winner
I just checked axiomgp.com and there is no mention of the Placentia Property. Only the Orpheum and the coffee company
Are you looking somewhere else?
Then why is the Placencia Properties on the new Axiom Global website?
There is no beleize deal
I am not Jeffrey, but I am looking for an answer and I will get it from someone. SmackDown
Was the $75,000,000.00 in Preferred Stock promised in the Belize deal supposed to be TECO stock or PLFF stock? Does anyone know?
From what I have heard, No Beleize and the Orpheum deal has been in some "minor" negotiations.
sounds like a description of nothing happening.
Has anyone heard anything on the Belize deal? In his TECO question and answer session recently Mr. Andrew Reid said that the Belize deal was gone and that TECO was not involved anymore...does that mean Orphuem is out of that deal also but just not letting anyone know yet? Also does anyone know the status of the repairs on the Orpheum Theatre?
That works too ;)
~ TECO
Too busy figuring out what's happenin in Texas...
Any word on progress Bull?
~ PLFF
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