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Ah, good old Vic. Attorney to all the best scams.
PTSH Attorney letter out
http://www.otcmarkets.com/financialReportViewer?symbol=PTSH&id=320577
A blast from the past. Not sure how I stumbled upon this board again.
Just another in a long line of scam MMG promos that went south and ended-up with a “for sale sign” on it.
I enjoyed looking back at some of the posts... mine and others, particularly the undisclosed IRP’s from Serbia.
Some things never change on the scam OTC.
R.I.P. PTSH.
Pts, Inc.
http://www.globalbx.com/listing.asp?bId=210758
We have for sale a clean SEC non reporting corporate shell (non shell status) with good prior operating history and debt in friendly hands. It is only $85,000.
Essentially the co will have no liabilities once the new owner steps in. The debt is convertible. The current capitalization of the Company consists of the following classes of capital stock:
* Common stock, $ 0.001 par value: 645,276,558 shares authorized; 988,000,000 shares issued and outstanding
We are offering you 100% of the Company's issued preferred shares (the Control Block) and outstanding common stock issued to the current operating subsidiary. The share price does not reflect true values. We are selling the control block in exchange for $85,000. Included in this price is also the next 10-Q filing with XBRL, Super 8-K filing, Schedule 14F, Schedule 13D, and name change if requested if so required. Upon sale/merger, the sole director and all officers will resign and you can nominate your own directors.
ADVANTAGES
A domestic private company can take advantage of Regulation 506 D and give accredited investors a clear liquidity strategy! You can complete a Reg. 506 D offering before or after you merge with and into our corporate shell. We will then help you file a resale registration statement, SEC Form S-1. If you have 35+ shareholders, business plan, and audited financials, we can help you get a market maker to file Form 211 with FINRA to get stock symbol, apply for CUSIP # and get trading in the Over-the Counter Marketplace such as the OTC Markets (Pink Sheets).
A foreign company can easily take advantage of Regulation S (Non US investors) to achieve a shareholder base and then file an S-1 or utilize an exemption such as Rule 144.
Financials
Asking Price Range: < $250K
Gross Revenues: Seller Will Provide
Cash Flow: Seller Will Provide
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Not Disclosed
About The Business
Year Established: 1999
Number of Employees: 4 - 5
Relocatable: Not Disclosed
Franchise: Not Disclosed
Current Real Estate: Owned
Promoting scams like PTSH is fun IMO.
Nice work Lowell...
Guessing is fun... I guess everybody has lost their investment here.
The promoters should be held accountable.
Gotta love this bogus business plan...
Guessing is fun...I guess PTSH is exactly what I've been saying it is for years...a total scam.
I can't help but reflect back on garbage like this.mIf I saw it once,mInsaw it fifty times. I never bought into the $4m but many did.
Thief lowell doesn't even have the balls to file a NT.
took our money and ran
Crook
The lack of updates hopefully means Lowell Holden has joined Lowell George and the thieving prick isn't coming down for breakfast
Chances for a 10Q?
More PTSH shenanigans today. When will the SEC put an end to this thievery?
At least we know what a hand job from a very old man feels like. And it ain't good
Got to hand it to you- you called it
The original 1/25 plan was piggish but a 1/2000 puts lowell in the scumbag hall of fame
I read here that the R/S was a good thing... ha, yah right.
I don't think the $4m cash ever existed. I've been questioning that for a very long time.
Is dick head going to explain the reasoning for the RS or why all the funding money is gone?
Other than he needed to line his pockets?
It's negative for the simple reason that Goldberg and the rest of the insider slugs will quickly award themselves millions of post RS shares at no cost to themselves and promptly dump the pps back to where it was.
Goldberg will always get his ... shareholders not so much.
It's actually a positive. To decrease amount of shares available and increase the PPS. How is that negative? The ask values are looking wonderful. Just need news from the company and all will be good
A reverse split in stinky pinky land is NEVER GOOD.
The company is growing, I been here for some time. I think the reversal is good for the company to grow.
I'm looking for advice from more seasoned traders than I.
Is PTSH a good investment?
Dickhead CEO doesn't even have the stones to explain reasoning
Worse than the Serbian pig who used to suckle the shareholders
Six shares left in my account after that RS. What a shame.
So it's official, yet another R/S for PTSH... and the much ballyhooed cash in the bank is now gone?
How can $4m just disappear? Ha! Cuz it was a ruse from day one?
As Sidedraft directs click the black box on the far right side to open up 'details'.
http://otce.finra.org/DLSymbolNameChanges
This is a hashed-up copy so I removed some stuff to make it clearer.
Symbol PTSH PTSHD
Issue Name PTS, Inc. Common Stock PTS, Inc. Common Stock
Current Value
Daily List Date 06/08/2015 00:00:00
Event Type Reverse Split/CUSIP Change
Effective/Execution (Eff/Ex) Date 06/09/2015
Reverse Split Ratio 1:2000
Dividend Type Reverse Split
Another rat bastard CEO diluting to line their pockets
Notice the $4m disappeared from the NV filings?
Be brave, and click on the black icon on the far right, under Details.
the link shows nothing for me about a split; no future data available
guessing is fun. but don't need to guess about a 2000 to 1 r/s- that is definitely not fun- unfortunately it is just another day in pinkyland
Guessing might be fun, but 2000: 1 reverse splits like the one PTSH has just announced, not so much.
Just another penny stock scam promoted by the usual suspects on social media, is my guess.
There's so many criminal sociopaths out there in penny stock scam land, and so many who willingly facilitate them.
Shame, really.
PTSH: effective June 9,2015 a one for 2,000 reverse split:
http://otce.finra.org/DLSymbolNameChanges
Guessing is fun. My guess is Any PTSH news that is verifiable will move PTHS's PPS up... news about a RM with some company with a revolutionary product would be sweet.... Or, considering PTSH's history, just an RM with a company selling a boring product- that actually comes to fruition would work too - ha ha - I've seen many times R/M news that moves the market on the OTC. I do like Reverse Merger plays- R/M plays are rampant on the OTC- trade them when you find a good one.
Any PTSH "news" will be unverifiable hyperbole and innuendo... probably fluff news about a RM with some obscure company with a revolutionary product... a RM that will never come to fruition and will never be consummated. I've seen it too many times to believe anything different. Scams are rampant on the OTC.
or maybe next week
PTSH due for news $$$ this week maybe
This report Looks about the same as the last report. Not much new.
The only thing that seemed to make sense so far was the $1mil investment in the African auto manufacturer with a 25% return. Not sure what the investment in the Chinese mattress makers means to the PTSH's bottom line. All the other pr's have been letters of intent.
I am hoping the restructuring has something to do with merging with the Australian biomedical company. hoping is not a good investment strategy- but it does spring eternal - and that is a good thing- lol
Maybe some of those announced acquisitions are real?
if that is the case- why do you think the cash could be gone now?
I thought Jennifer Wang brought the $5M cash with her and gave $1M to matchedje motors at a 25% rate
If the $5m was not cash and just shares then it doesn't really matter much. Lol - I guess we will know in the next filing or 2.
The thing that gets me is in the last filing PTSH traded sombody 625m shares for $1m- that is .0016 PPS
I figured they would try to keep the PPS atleast above .0016 - for sure that person hasn't come close to unloading those shares- there has never been that kind of volume.
Seems odd the management after taking $1m would wipe out that holder of 625m shares with this R/S
Time will tell.
I'm concerned the $5M is gone...
Previous Stock Value: Par Value Shares: 4,800,000,000 Value: $ 0.001 Par Value Shares: 200,000,000 Value: $ 0.001 No Par Value Shares: 0 ------------------------------------------------------Total Authorized Capital: $ 5,000,000.00
New Stock Value: Par Value Shares: 200,000,000 Value: $ 0.001 Par Value Shares: 10,000,000 Value: $ 0.001 No Par Value Shares: 0 ------------------------------------------------------Total Authorized Capital: $ 210,000.00