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I still have this on watch ..
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Anna, the CEO has what it takes and background here .
Just noticed her impressive background , education and speaks four
languages .. Wow
https://www.linkedin.com/in/anamariapruteanu-92b56/
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Also Mike Freni
https://www.linkedin.com/in/mike-freni-39548/
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These two are NOT your normal OTC Land bounce around people. They took this to Pink Current for a reason these past few months.
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lets see.
It would be nice if these guys would put out a press release on the merger. Not sure why they haven't done so. It would certainly help the stock.
They only paid 15,000 dollars for the company?
merger was closed sept 30
Thanks was just looking at it around lunch.
It was in the last Q report
https://www.otcmarkets.com/otcapi/company/financial-report/309491/content
https://psto.info/northernlightsgreenimpact/
Where did you see it announced?
I still like this play overall and it is getting noticed now .
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CEO has it going on , takes some time. Crazy Low Float https://www.otcmarkets.com/stock/PSTO/profile
PSTO MERGER ANNOUNCED- PSTO is merging with Northern Lights Impact.
Three solid days of buying in PSTO. Getting close to PR?
Interesting idea, but could they even do that since they are listed on the OTC?
Seeing some life return to PSTO. Bring on the merger!
The CEO should sell PSTO to a crypto company that wants to go public. An easy way for her to receive a tremendous return?
I was going to dog her for allowing this shell to fall out of currency status, but She had the CEO job dumped in her lap only 8 months ago during this unique 9/28 drama.,
Old CEO tossed the hot potatoe in her lap. C ya!!
Great SS and not sure if it’s still a shell or does she have a story in mind with this off grid prepper’s power plant stuff.
I’m watching still
Seeing some large bids in PSTO. An 80,ooo bid at .211 and now a 50K bid at .2201. Some people willing to make decent sized investments in PSTO.
1.3 million float is incredible. Looking for another spike for PSTO.
PSTO.. strong Woman CEO.. look at background.. already got reply from company things are coming... watch for website update . Verified profile just this month .
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Pink Current and great SS
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https://www.otcmarkets.com/stock/PSTO/profile
Yeah this one can turn my account around if it gets going.
1.3 million share float. Up to .40. Hopefully this is the start of another move higher.
Thanks for that.
PSTO looking good. Starting to trend up again. Seeing some bids and price up to .27. hit .60 on the last move.
Got a reply from PSTO Executive team, not much , but they did respond
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here you go fyi
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PSTO Holdings
12:03 AM (8 hours ago)
to me
Hello Michael,
Thank you for your inquiry, we will make a press release the moment we have news.
Thank you.
Loredana Gutiu
Executive team, Finance
===============
On Wed, 15 Sept 2021 at 23:01, Michael XXXXXX<mXXXXXX@XXXXXXX.net> wrote:
Good day
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From shareholder and supporter
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are you folks looking to get the Website up and running, with some news out shortly at PowerStorm Holdings. I see the disclosures and very interesting and impressive background for CEO Ana-Maria Pruteanu,
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Michael XXXXXXXX
Still holding here.. website says coming, I am going to reach out for CEO today
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She did those filings for a reason
Anyone still holding PSTO. Huge move a week ago and nothing but selling since.
Agreed.. one catalysts coming from the CEO and this takes off. She has a great background, so holding here and will hit it hard when that happens
Holding all for a bigger move.
Now that stop sign stocks can't be bought in the US, more money will find this one.
http://psto.info/
BUSINESS DESCRIPTION
Powerstorm Holdings, Inc. focuses on developing and delivering turnkey power management and energy storage solutions worldwide. The company's products include modular energy storage solution, a containerized hybrid energy solution powered by solar and/or wind turbines that consists of a diesel generator/alternator combined with lithium ion battery-based system, which provides renewable off-grid power.
Any idea what created the volume buying on Friday? Was it only due to the business description update?
Dream .. thanks for posting facts.
Some DD in here regarding PSTO:
- The company started filing on 8/4/2021 and is now pink current.
- from whois:
http://psto.info/
Registered On
2021-05-12
Updated On
2021-07-11
-Ana-Maria Pruteanu became CEO in Dec 2020. Impressive background...
https://www.linkedin.com/mwlite/in/anamariapruteanu-92b56
-Their profile on OTC Markets was verified 7/2021:
BUSINESS DESCRIPTION
Powerstorm Holdings, Inc. focuses on developing and delivering turnkey power management and energy storage solutions worldwide. The company's products include modular energy storage solution, a containerized hybrid energy solution powered by solar and/or wind turbines that consists of a diesel generator/alternator combined with lithium ion battery-based system, which provides renewable off-grid power.
https://www.otcmarkets.com/stock/PSTO/profile
-The company has no debt
- Share structure:
Outstanding Shares
23,248,009
08/30/2021
Restricted
21,792,018
08/30/2021
Unrestricted
1,455,991
08/30/2021
What’s new here?
Take a look at the CEO , Woman on the MOVE !
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Pink current , extreme low floater
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https://www.linkedin.com/in/anamariapruteanu-92b56/
ah crap, thanks anyway.
Hoping for good things coming here. Change of control and no debt and no notes. With many filings dropping this is getting good.
I believe they are registered in Delaware (if my memory is correct). That state sucks as you have to pay to see the company registration paperwork.
Hi I'm going over the filings, do you know where this is incorporated? I want to see what's in the sec of state filings.
Filings were posted today. The wheels are in motion.
I had seen paperwork where William Alessi had control of this shell some time ago. I have been keeping watch here.
Not all R/M come out great. The last one Alessi passed off was to a very small company and the stock is doing nothing.
Sits with zero volume.
Something will have to happen here soon to prevent the symbol from being permanently suspended.
in the rumor box I hear they are preparing for a exciting Reverse. I hold on for now.
The SEC does not have a timeframe template for suspending severely delinquent stocks, Craig. They should, but they don't.
Every year the SEC goes on a suspension rampage against severely delinquent filers, so one day they will catch up to PSTO.
If and when the SEC suspends PSTO the SEC Admin. Law Judges will absolutely revoke the company's stock registration(s), resulting in a 100% loss of shareholder value.
Much too risky to think the SEC won't catch up to PSTO.
This stock is still having active trading days and not been suspended. Any idea how or why?
I don't see a 15-12b form filed which would exempt them from the filing/reporting requirements.
PSTO is severely delinquent in filing the company's Financials. The stock is at risk of an SEC Suspension and subsequent stock registration revocation.
https://www.sec.gov/cgi-bin/browse-edgar?company=Powerstorm+Holdings&owner=exclude&action=getcompany
Absolutely nothing going on here with PSTO since last post over 1 year ago.
Looks like Company abandoned Ticker.
In danger of Suspension any day now.
Well it is a Pink Ticker so no surprise there really for any Pink Trading over a Penny but no real volume yet either
SeeThruEquity Initiates Coverage on Powerstorm ESS (OTCBB: PSTO) with a Price Target of $0.42
It’s with great excitement that we unveil our new website to you. Aside from an updated look, the new website features a powerful new way to sift through our product offerings as we will unveil in the next 2 weeks additional products, making it easier for you to better understand our wide range of services and capabilities.
In addition, we’ve added a news section in order to bring you better/fresher content, update you on new and exciting things happening at ]www.PowerstormESS, and share with you fun things we’re up to as a firm. If you don’t follow us on Twitter, you’ll be able to see our new tweets in the lower left hand corner of most pages of the website for quicker access. We think you’ll like the new look and we’re sure you’ll like the improved navigation and fresher information.PSTO
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers
Appointment of Directors
On June 24, 2015, Powerstorm Holding, Inc.’s (the “Company”) Board of Directors (the “Board”) approved the appointment of Mr. Michael Porter as a new Director to serve on the Board.
Mr. Porter is 72 years old. He earned his Bachelor’s Degree from Rider University. Currently he sits on the President’s Council for the University. He also completed Harvard University Business School’s Owners/Presidents Management program in 2002. Mr. Porter has owned the investor relations firm Porter, LeVay & Rose for 45 years. The company specializes in small to mid-cap stocks, including micro-cap. He has extensive experience overseeing the activities of a company, as he has sat on three boards prior to joining Powerstorm. Having worked with many companies overseeing many disciplines, Mr. Porter is well known and well respected within the industry, and also possesses a valuable familiarity with the Sarbanes-Oxley Act.
Additionally, since Mr. Porter is not an employee of the Company, the Company and Mr. Porter entered into a Director Agreement, dated as of June 24, 2015, which sets forth the terms of Mr. Porter’s appointment as a Director of the Company (the “Porter Director Agreement”). The Porter Director Agreement provides that, unless terminated earlier pursuant to the Porter Director Agreement, Mr. Porter will serve as a Director commencing on June 24, 2015 and terminating one year later subject to a one year renewal term upon re-election by a majority of the shareholders. The Porter Director Agreement further provides that, as sole consideration for Mr. Porter’s directorship, Mr. Porter will receive 50,000 shares of common stock of the Company and expense reimbursement.
Mr. Porter is also subject to certain confidentiality and non-solicitation provisions as set forth in the Porter Director Agreement. Lastly, under the Porter Director Agreement, the Company agreed to cover Mr. Porter’s directors’ and officers’ liability insurance and indemnify Mr. Porter for certain losses caused by, or relating to Mr. Porter’s performance of his duties as a Director of the Company.
Item 1.01 Entry into a Material Definitive Agreements.
The Equity Group- Consulting Contract
The Company and The Equity Group Inc. (the “Equity Group”) entered into a consulting contract dated as of June 25, 2015 pursuant to which the Company engaged the Equity Group for investor relations services (the “Consulting Contract”). Under the Consulting Contract, the Company will pay the Equity Group a monthly fee of $7,500. Prior to the Company completing a financing, this fee will be paid as follows: (1) $3,750 will be paid at the beginning of each month and (2) $3,750 will be accrued and become payable upon completion of the financing. The Company will also issue the Equity Group $25,000 in connection with, and on the same terms as, the next financing closed by the Company. The Equity Group will also be reimbursed by the Company for any all reasonable and necessary out of pocket expenses, subject to approval by the Company of expenses in excess of $500.
The Consulting Contract term commenced on June 29, 2015. After the first 90-day period, either party may terminate the Consulting Contract upon 30 days’ notice. The Consulting Contract includes indemnity provisions for both parties.
Carebourn Capital, L.P.- Financing
On June 16, 2015, the Company closed a financing transaction pursuant to a Securities Purchase Agreement, dated June 12, 2015 (“Securities Purchase Agreement”) and Convertible Promissory Note, dated June 12, 2015 (the “Note”), each entered into by the Company and Carebourn Capital, L.P. (the “Purchaser”). Pursuant to the Securities Purchase Agreement, the aggregate principal amount of the 10% convertible note is $87,000 and, as described below, the purchase price of the Note is $80,000.
The Securities Purchase Agreement provides that the Company will use the proceeds from the sale of the Note for working capital and other general corporate purposes and that the Company will reimburse Purchaser $3,000 for expenses Purchaser incurred in connection with the Securities Purchase Agreement and Note.
The terms of the Note are as follows:
The Note, dated June 12, 2015 (the “Issue Date”), earns interest at an annual rate equal to 10% and provides for a maturity date of February 16, 2016. Any amount of principal or interest not paid when due will bear interest at an annual rate of 22% applied from the due date until the date of payment. The Note carries an original issue discount of $4,000. As described above, the Company agrees to pay the Purchaser $3,000 to cover certain fees incurred in connection with the Securities Purchase Agreement and Note. The original issue discount and the amount for fees are included the initial principal amount of the Note. As a result, the purchase price of the Note is $80,000, which is an aggregate $87,000 in initial principal balance, less the $4,000 original issue discount and $3,000 in fees.
The conversion price is equal to 57% multiplied by the average of the lowest three trading prices for the Company’s common stock during the 10-day period ending on the latest complete trading day prior to the date of conversion (represents a 43% discount). The convertibility of the Note may be limited if, upon conversion, the Purchaser or any of its affiliates would beneficially own more than 4.99% of the Company’s common stock. While the Purchaser’s conversion rights exist, the Company will reserve a sufficient number of shares from its authorized and unissued shares of common stock to provide for the issuance of common stock upon the full conversion of the Note.
The Company may prepay the Note in full by paying off all principal, interest and any other amounts owing multiplied by (i) 125% if prepaid during the period commencing on the Issue Date through 30 days thereafter, (ii) 130% if prepaid between 31 days and 60 days following the Issue Date, (iii) 135% if prepaid between 61 days and 90 days following the Issue Date, (iv) 140% if prepaid between 91 days and 120 days following the Issue Date, (v) 140% if prepaid between 121 days and 150 days following the Issue Date, and (vi) 140% if prepaid between 151 days and 180 days following the Closing Date. After the expiration of 180 days following the Issue Date, the Company has no right of prepayment.
The Purchaser represented that it is an “accredited investor” as that term is defined in Rule 501 of Regulation D.
Item 3.02 Unregistered Sales of Equity Securities.
The applicable information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 3.02.
The securities underlying the Note are exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 506 of Regulation D as promulgated under the Securities Act.
The foregoing securities under Securities Purchase Agreement were offered and sold without registration under the Securities Act of 1933 (the “Securities Act”) in reliance on the exemptions provided by Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder and in reliance on similar exemptions under applicable state laws.
Service Providers
Accounting/Auditing Firm
GBH CPAs, PC
6002 Rogerdale
Suite 500
Houston, TX, 77072
United States
Legal Counsel
Szaferman Lakind Blumstein & Blader, PC
101 Grovers Mill Road
2nd Floor
Lawrenceville, NJ, 08648
United States
Investor Relations Firm
The Equity Group
800 Third Avenue, 36th Floor
New York, NY, 10022
United States
Company Officers/Contacts
Michel J. Freni CEO
Anamaria Pruteanu President
Kirstin L. Gooldy CFO
Sherry Li Vice President
Company Directors
Michel J. Freni Chairman
Kirstin L. Gooldy
Michael Porter
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