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PPML SEC Suspension:
http://www.sec.gov/litigation/suspensions/2013/34-70350.pdf
Order:
http://www.sec.gov/litigation/suspensions/2013/34-70350-o.pdf
Admin Proceeding:
http://www.sec.gov/litigation/admin/2013/34-70351.pdf
Pink no information 463k 3mo. avg vol
Investors are advised that OTC Markets Group has been unable to contact or confirm the location of this company. If you have current contact information, please complete the Update Company Information Form or send an email to info@otcmarkets.com.
Financial Reporting/Disclosure
Reporting Status SEC Filer
Audited Financials Not Available
Latest Report Not Available
Regulatory Agency Not Available
CIK 0001122686
Fiscal Year End 12/31
OTC Market Tier OTC Pink No Information
Profile Data
SIC - Industry Classification 3669 - Communications equipment, misc
Business Status Development Stage Company a/o May 01, 2008
Incorporated In: NV, USA
Year of Inc. Not Available
Employees Not Available
Company Officers
Alex Grange CEO
John Rosedale President
Company Directors
Alex Grange
Derek Jones
John Rosedale
Company Notes
Formerly=Latin Television, Inc. until 7-2008
Formerly=Stratus Entertainment, Inc. until 9-07
Formerly=Communications Research, Inc. until 4-07
Service Providers
Auditor/Accountant
Not Available
Legal Counsel
Not Available
Investor Relations Firm
Gregory FCA Communications
27 West Athens Ave.
Ardmore, PA, 19003
United States
PPML Security Details
Share Structure
Market Value1 $59,343 a/o Sep 28, 2012
Shares Outstanding 59,342,700 a/o Jun 30, 2008
Float Not Available
Authorized Shares 400,000,000 a/o Jan 02, 2008
Par Value 0.001
Shareholders
Shareholders of Record 520 a/o Jul 15, 2008
Security Notes
Capital Change=shs decreased by 1 for 3000 split. Pay date=04/11/2007.
Capital Change=shs increased by 5 for 1 split Ex-date=07/31/2007. Rec date=07/25/2007. Pay date=07/30/2007.
Capital Change=shs decreased by 1 for 1000 split. Pay date=07/10/2008.
Short Selling Data
Short Interest 0 (-100%)
Sep 30, 2009
Significant Failures to Deliver No
Transfer Agent(s)
Fidelity Transfer Co.
Well Folks,
IN addition to having a fairly robust looking website, it also seems to be garnering some attention. After hardly trading for the last month or two, we've seen some buyers show up today.
Not huge volume...but all purchases took place at the ask.
We shall see. It would be nice to see them catch up on filing and maybe put out an shareholder/investor update.
Later.
Randy
Pure Play Music Website...
showing signs of life and activity....and I must say quite impressively so.
Watching. I would love to know more about the share structure...and what the plans are.
I'm still holding a fair position...would love to see it back at breaking even.
RK
PPML traded pretty aggressively last Wednesday at .09...over 115K shares....even showing a bid at .07 (after I put in a bid for some at .06) before the close.
I didn't notice if the stock even traded today...I did noticed the bid remained at .055 and the ask lowered to .088.
It might be that someone is trying to clean up these low priced shares in hope of moving things higher. Who knows? I guess we'll have to wait and see what happens next week.
Later.
Did you noticed the 280K trade at .115 yesterday? Someone was willing to take a $32K position in the stock...or maybe it was just an arranged sell/buy. Who knows?
This whole deal is still a mystery.
RK
Did you noticed the 280K trade at .115 yesterday? Someone was willing to take a $32K position in the stock...or maybe it was just an arranged sell/buy. Who knows?
This whole deal is still a mystery.
RK
So what's the deal pennyPincher. Have you given up oh PPML already? The stock traded down twice....the last time I averaged down at 4.9 cents. No my average cost is just under 15 cents....
If we get a another 53% up day, I will be in good shape. I called my "contact" that introduced the company to me and he said he has no idea who's been buy big lately. His comment to me was, "Somebody must know something."
I'm OK with that. Hopefully, we return to higher ground, and if this company ends up having the potential and revenue they PR'd back in their 8-K's it could be a Merry Christmas and Happy New year.
It's so hard to know about these startups. One can figure at some point they will promote the stock up...if one is patient, there is some pretty serious money to be made.
We shall see.
Randy
That is nice news bro. Looking for big things here next week. Should be thin as a mofo from .10.
From the 8k
No Reverse Stock Split . The Company will not effect a reverse stock split of the Company’s Common Stock at any time prior to April 6, 2011. In the event the Company effects a reverse stock split prior to April 6, 2011, the Cohiba Shareholders will be provided with anti-dilution protections with respect to their Lock-Up Shares, such that after any such reverse stock split, they will own the same number of Lock-Up Shares as they owned prior to any such reverse stock split. The Company will not transfer corporate assets or corporate opportunities to another company without fair consideration in accordance with applicable Nevada law. The Company will use its best efforts to acquire all right, title and interest in and to the ownership of an entity or the assets of an entity known as “Pure Play Music, Ltd.”, an entity formed under the laws of the United Kingdom.
Gumza...It is hard to say. I've heard some good things..but it is pretty strange. My guess is that the big volume today were some shares coming off restriction....like some consultant or lawyer or something. I just hope they landed in solid hands. If I had had some liquidity...I might have picked up a few more.
If company is real...I don't suppose it will matter. Investing in startups is always a bit of a crap shoot. Sometimes you win...sometimes you lose (add big to each). :)
Later.
RK
im holding my breath starting now....
yeah you sure got that right.. lets see a lil more pleaseeeeeeee
someone likes it besides us)
Yes Mike very impressive ..kind of freaked me out lol
sure are comin in arent they mikey
Volume alert ..wow
Thx DF!Amennnnnnnnnn
nice find yall 08 hit..wish i had acted too..gl todamooon!!
snagged some too
hit .03 for an all time low yesterday watch for volume now that it hit bottom. should have a nice bounce. was over $2.00 in January.
Thanks Risacare....There's not many following this company (two boardmarks).
It will be interesting to see whether this company amounts to something or not.
http://sharesleuth.com/09/06/106/pure-play-music-regis-possino/
Online music company has silent partner
by JUSTIN MCLACHLAN with CHRIS CAREY
When Pure Play Music Ltd. (Pink Sheets; PPML.PK) went public through a reverse merger last summer, one of its financial backers managed to turn a $291,000 loan into Pure Play stock with a current market value of $14.5 million.
Though Pure Play's Securities and Exchange Commission filings don't disclose the identity of the party or parties that got those shares, documents do provide some clues. In 2007, Pure Play's predecessor company -- Latin Television Inc. -- was on the verge of collapse. It had no revenue, almost no cash and more than $4 million in accumulated losses.
It turned to Cohiba Partners Inc., securing what it called "essential" funds to cover operating expenses. Cohiba Partners is a Santa Monica, Calif., company with close ties to Regis M. Possino, a two-time felon and disbarred attorney who has provided financing to numerous penny stock companies.
LOAN REPAID WITH SHARES
In return for the cash advances, Latin Television issued Cohiba a note that the company, or its assignees, could convert into stock at a penny a share. When Latin Television morphed into Pure Play last July, Cohiba Partners converted the roughly $291,000 in principal and interest on the note into 29.1 million shares of Pure Play stock.
Not long afterward, Pure Play's stock was trading at around $2.50, giving the converted shares a market value of more than $70 million, and giving the entire business a value of nearly $150 million.
Pure Play's stock has since fallen to 50 cents, with total trading volume exceeding 2 million shares. Neither the company, Cohiba Partners or any assignees have filed documents disclosing who holds the 29.1 million shares from the debt conversion, which amount to 49 percent of the company's outstanding common stock.
THE COMPANY
Pure Play says it provides a unique global platform that unknown bands and singers can use promote and sell their music. Its site includes streaming audio of featured acts, six genre-based Internet radio stations and a download purchase area. Pure Play also created a social networking area designed to allow fans to communicate with the musicians and with each other.
As of late, there's been little activity on Pure Play's Web site. Although they say more than 6,000 people registered for the site, those members trigger just a handful of publicly posted "actions" every few days. Pure Play's radio stations, the main way that Web visitors listen to its unsigned artists, appear in most cases to have just a few dozen songs. Artists have posted comments to the site, complaining that their profiles and music have disappeared, inaccessible for months. The last message board posting was from January.
Pure Play said late last year it had signed a deal to provide pre-loaded MP3 players to DSG International, a large electronics retailer in Europe. It said in press releases that those shipments would generate $18 million in revenue this year. But Pure Play is two quarters behind in its financial filings with the SEC, making it impossible to tell anything about its sales or profits. DSG didn't respond to questions from Sharesleuth about the deal.
THE PAPER TRAIL
No public records link Cohiba Partners or Pure Play directly to Possino. But corporation filings show that Cohiba Partners and three other companies headed by its president, Colin Nix, have the same address as three companies controlled by Possino or his wife.
Those filings show that Nix and Possino both were officers of one of those businesses, Geneva Equities Ltd. Cohiba Partners and Geneva Equities also have the same phone number.
Corporation records list Nix as president of European American Investments Ltd., another company that shares the Santa Monica address with Cohiba Partners and Geneva Equities. SEC filings show that all three of those entities were large shareholders in Who's Your Daddy Inc. (OTCBB: WYDI.OB), a San Diego energy-drink company whose founder and former chief executive, Edon Moyal, was recently arrested and charged in connection with a drug-trafficking ring.
(read about Moyal's arrest)
A CHANGE OF ADDRESS
Until recently, Pure Play's SEC filings listed the Santa Monica office suite as its address. The company said in a press release in late April that it had moved its headquarters to Poway, Calif., a suburb of San Diego. The new location is a house owned Alex J. Grange, its chief executive officer.
Pure Play also announced that it terminated all of its agreements with Cohiba Partners, which had been providing general consulting and investment banking services.
Jeffrey P. Berg, a lawyer who represents Pure Play, said last week he wouldn't allow his clients to be interviewed by Sharesleuth but asked for a list of written questions. He didn't respond to them.
STOCK PROMOTIONS
Sharesleuth noted that Cohiba Partners and European American Investments both paid stock-promotion sites to feature specific companies, including Latin Television.
European American Investments gave 225,000 shares of Latin Television's stock to a firm called Beacon Equity Research in 2007 as compensation for a research report and a public relations campaign, according to a disclosure in a Beacon press release.
Cohiba Partners and European American Investments each gave shares of Vsurance Inc. to a site called OTCPicks.com as compensation for its coverage of that company, now known as Ensurapet Inc. (Pink Sheets: EPTI.PK).
SEC filings show that Cohiba Partners was a large shareholder in Vsurance at the time. So were October Fund Ltd. -- another company headed by Nix -- and Rancho Malibu Inc., which had been headed by Possino but now lists his wife as president.
October Fund and Rancho Malibu also list their address as the Santa Monica office suite. Records show that Geneva Equities originally leased that 1,056-square foot space in 2002.
POSSINO'S PAST
Possino was convicted in 1995 of one court of wire fraud in connection with a scheme to use inflated stock to help prop up an insurance company's finances. According to court documents, he was sentenced to two years probation and ordered to pay a $500 fine.
Possino more recently has served as a consultant and financier for a number of obscure public companies. According to news reports and regulatory documents (pdf), shares of some of them were peddled to foreign investors by boiler-room style brokerages operating from Europe and Asia. This archived web page of one boiler room brokerage, General Commerce Bank AG of Austria, shows that it was promoting two companies, Thaon Inc., and Junum Inc., with ties to Possino.
Possino also figured into an investigation by the Nasdaq exchange of Global Capital Securities Corp. Nasdaq officials concluded in 2001 (pdf) that Possino and another convicted felon, Sherman Mazur, had acquired a substantial, undisclosed interest in Global Capital, a publicly traded brokerage firm. Nasdaq said that Global Capital also bought millions of dollars worth of stock in companies that listed Possino or members of Mazur's family among their largest shareholders.
Nasdaq delisted Global Capital's shares in December 2001 over concerns about its ties to Possino, Mazur and others with criminal or regulatory pasts. The company ceased operations a few months later.
published June 22, 2009, 0 Comments
I started the board a month or two ago and since then I've become a shareholder. According to the story I've heard....the company could ramp revenues into the millions in a very short period of time. If all this happens according to plan I think we could pop to $5 to $10 in fairly short order.
We'll see.
RK
I don't know folks...but if half of what this company is talking about comes about...this is going to be a huge deal.
Plus it's a OTC Bulletin Board...so is fully reporting. Let's see if this gets off the ground.
Regards,
Randy
NEWS ON 6/1/2009
Pure Play Music Signs Deal to Revolutionize the Advertising Industry With the World's Leading Online Music Placement Company, Ri
SAN DIEGO, June 1 /PRNewswire-FirstCall/ -- Pure Play Music (Pink Sheets: PPML) is an entire music infrastructure that allows an artist to self market their own music through Pure Play's unique and expansive global distribution network. Pure Play has introduced something that will completely change the way unsigned, emerging artists and indie acts get their music played commercially. Pure Play Music provides independent artists with access to broad new distribution channels to introduce their music to the world -- and monetize it.
Ricall operates the world's largest online music research and licensing marketplace. Pure Play Music will become Ricall's largest provider of unsigned music content. Utilizing Ricall's proprietary service will bring together emerging artists and licensors of music to facilitate the use of emerging artist's music for any business use, from brand sponsorship to ads, mobile phones to games, TV programs to films, and website to in-store audio. Every day, worldwide, across multiple platforms, millions of people are listening to music licensed via Ricall. Under the terms of the agreement, Ricall will provide PPM licensing services via its global web based music licensing platform. Emerging artists will have the chance for their music to be used in advertising, television and promotional opportunities.
Alex Grange, CEO of Pure Play Music said, "Our relationship with Ricall has had great success and we have placed music with some major brands including, Sega, Warner Everwood, UEFA Champions League and Oral B. We have now committed to supplying 240,000 tracks through the Ricall channel and believe we can continue our successful placement of our artists' music."
DATASOURCE: Pure Play Music; Ricall
CONTACT: Richard Labrum of Pure Play Music, +1-619-471-4097,
COUPLE NEWS STORIES
Pure Play Music and WSA Distributing Partner to Eliminate the Need for a mp3 Player
SAN DIEGO, May 28 /PRNewswire-FirstCall/ -- Pure Play Music, Ltd., (Pink Sheets: PPML) ("Pure Play") and WSA Distributing are partnering to launch a first of its kind music download service providing content from new and emerging artists. Under the terms of the agreement WSA will act as Pure Play's exclusive provider of microSD flashing and distribution in NA. WSA and Pure Play have co-developed an automated system for flashing music onto microSD cards that allows them to offer music on a regional and/or local basis. Mobile subscribers will receive a microSD card with the purchase of certain mobile devices, or they can choose to add a music accessory bundle with the purchase of any music capable phone. In each scenario, the user will receive 100 DRM-free tracks, and can subscribe to the monthly service that allows the subscriber to download up to 20 tracks per month for less than $5.00. The first of several US carriers will launch the service in the 1st week of July, 2009.
Pure Play and WSA view the program as a key moment in the transitioning of mobile device owners away from mp3 players. "With more that 50% of mobile devices having music capabilities, it is no longer necessary to carry two devices," stated Rick Sterger, COO at Pure Play Music. With the design of this program the two companies believe they can educate users on the music capabilities of mobile devices at the point of sale. They predict that nearly all mobile device purchasers will walk out of their carrier store with 50 songs, ready to play, on their phone.
Pure Play is an entire music infrastructure that allows an artist to self market their own music. Through Pure Play's unique and expansive distribution network, Pure Play has introduced something that will completely change the way unsigned, emerging artists and indie acts get their music played commercially. Pure Play provides independent artists with access to broad new distribution channels to introduce their music to the world -- and monetize it. By utilizing our exclusive partnerships that control the majority of the world's in-store music needs, we allow music to reach millions; and we believe the monetization of music on a massive scale.
WSA is a leading provider of value-added services for the wireless communication. WSA will be preloading phones with exclusive emerging artist content from Pure Play Music. WSA is a provider with the quality and capacity of a large corporation, but it maintains the flexibility, attention to detail and speed of a small business. Its dedication to being a provider of cutting-edge innovation and technology is the primary reason this relationship was possible. Its San Diego location possesses three assembly lines and is capable of flashing over a 1 million mobile devices each month. With the introduction of our first of its kind media distribution capability, it will increase Pure Play's ability to enter new markets and redefine existing industries.
DATASOURCE: Pure Play Music, Ltd.
CONTACT: Richard Labrum of Pure Play Music, Ltd., +1-619-471-4097,
12-8-2008 8-K Numbers revised upward@!!!!!
they expect an additional 200,000 high end mp3 players to be shippped in calendar 2009.
http://yahoo.brand.edgar-online.com/DisplayFiling.aspx?dcn=0001019687-08-005380
On December 8, 2008, we entered into an Addendum to the (above) Agreement (the “Addendum”) with DSG International, PLC (“DSG”), which terms are referenced above.
The Addendum modifies the original Agreement as follows:
During the first 12 month period, we agreed to supply, and DSG agreed to purchase, 500,000 (five hundred thousand) high-spec MP3 Players, thereby increasing the initial contract amount by 200,000 high-spec MP3 Players per year.
¨
Units are to be delivered in four tranches of 125,000 units each, rather than 75,000 units each, to the DSG’s main distribution warehouse.
¨
During the first 12 month period of the agreement, we anticipate that we may generate up to $18,931,850 (USD) in gross revenues, as opposed to $12,535,050 as per the original agreement, resulting in an increase in revenues of $6,396,800 in the first 12 months of the agreement.
¨
In the event that we exercise our option for an additional 12 month period, in the second year, we may generate gross revenue of $18,931,850 USD, as opposed to $12,535,050 under the (above) Agreement, which would, subject to the foregoing, generate an increase in revenues of $6,396,800 in the second year of the Agreement.
¨
Pursuant to the terms of the Addendum, the total number of MP3 Players to be sold to DSG throughout the term of the Agreement (including the option period) shall be 1,400,000 (one million four hundred thousand) MP3 Players, as opposed to 1 million MP3 Players as set forth in the (above) Agreement.
¨
Under these conditions we anticipate that we may generate revenues from the sale of 1,400,000 MP3 Players (over a 24 month term pursuant to the Addendum) which may be as high as $37,863,700 (USD). Based upon the foregoing, we may achieve an increase of $12,793,600 in revenues over the initial Agreement.
While we believe that the Agreement with DSG and the Promotional Program hold significant opportunities for us, if general economic conditions weaken further (including, but not limited to, current recessionary conditions), our projections may not be realized. All of our revenue projections are “forward-looking” statements and are subject to the risks and uncertainties described below.
11/10/2008 8-K SOUNDS TOO GOOD TO BE TRUE....
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6241332-1160-9619&type=sect&dcn=0001019687-08-004934
On November 10, 2008, the Company executed an Agreement (the “Agreement”) with DSG International, PLC. (“DSG”), one of Europe’s largest retailers of electrical goods, to offer a music content promotional program for the sale of co-branded MP3 Players with Pure Play Music, Ltd. (PPM or Pure Play) to be titled “The Great Digital Music Download”. A summary of key provisions of the Agreement follows;
The Sale of Co-Branded MP3 Players
Under the terms of the Agreement DSG shall purchase from Pure Play 500,000 co-branded MP3 Players, pre-loaded with 60 different music tracks pre-selected by Pure Play ,on the following terms:
¨
The term of the agreement shall be for 12 months. PPM has the option to renew for an additional 12 months for the sale of an additional 500,000 MP3 Players on the same terms and conditions;
¨
During the first 12 month period, PPM shall supply, and DSG shall Purchase, 200,000 (two hundred thousand) low-spec MP3 Players . Unit. Units shall be delivered in four tranches of 50,000 units each to the Buyer’s main distribution warehouse.
¨
During the first 12 month period, PPM shall supply, and DSG shall Purchase, 300,000 (three hundred thousand) high-spec MP3 Players .. Units will be delivered in four tranches of 75,000 units each to the Buyer’s main distribution warehouse.
¨
During the first 12 month period of the agreement PPM shall realize gross revenue of $12,535,050 USD.
¨
Upon PPM exercising its option for an additional 12 month period PPM shall realize additional revenues of $12,535,050, bringing PPM’s total gross revenues for the sale of 1 million MP3 Players pursuant to this agreement to $25,070,100 USD.
¨
Payment for each tranche will be paid within 30 days of delivery.
As I understand the plan is they have acquired the rights to market unsigned music talent. I seems that they will be meeting a real market need and function.
In order to exploit this talent and their music they have been signing licensing agreements with some pretty big names in the music business. They have signed a number of mega million dollar contracts with retailers and MP3 manufacturers who will sell their MP3 players loaded with dozens adn possibly hundreds of songs of these unsigned talent.
Just check out the recent 8-k filings and from the sounds of it the future ones as well.
Regards,
Randy
Information from the latest filings:
As of 8/31/08 Shares Outstanding: 59,342,701 shares
Not too many peeps on this one. A friend of mine has called me acouple times about some pretty major events coming down the pipe.
I read through a few of the 8-k filings and if even 1/2 of what they say comes about we have the potential for a huge win.
Half an eye on this today
been sitting here for a while, wonder if it might start picking up steam now that the summer's over
PPML charts
lol! Who got the 400K shares on August 4th?
http://worldwidewas.com/
Post Unavailable
NAME CHANGE
The March 2007 Amendment changed our name to "Stratus Entertainment, Inc." Our ticker (trading) symbol, which was "CRHI" was changed to “SRTU” the CUSIP number which was 203416102 was changed to 863158014. The Company’s stock changed as a result of the name and CUSIP Number change. Upon the name change, shareholders were permitted to exchange their certificates to reflect the change in corporate name. However, the existing certificates continued to represent full shares (but not fractional shares) of Common Stock after the 1 for 3000 reverse split, as if the corporate name had not changed, but with the number of shares indicated on the certificate reduced by the reverse stock split. Our transfer is permitted to issue stock certificates with the new company name as stock certificates are sent in upon transfers of shares by existing shareholders.
On June 12, 2008 the Company has changed its name from Latin Television, Inc to Pure Play Music, LTD. The Company has made an application to NASDAQ obtain a new CUSIP number and a new trading symbol. Also on June 12, 2008, the Company effected a 1,000 for 1 reverse stock split of the Company’s common shares outstanding.
The Board authorized a change in Transfer Agents. The transfer agent for the common stock is: Signature Stock Transfer, Inc., Attention: Jason Bogutski, Plano, TX, Telephone: 972-612-4120.
13:40 7/10/2008 LTVS Latin Television, Inc. Common Stock PPML Pure Play Music, Ltd. Common Stock 1-1000 R/S **
#msg-30571792
http://worldwidewas.com/
This isn't a Latin TV stock anymore; did a little research on PurePlayMusic.com, it was the number one site in England for two years, now they're launching in America...
Some are saying this is musics version of you tube; or myspace, so I believe that means the company wants to be acquired by a larger co. looks like a good opportunity here
HAPPENINGS !
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BUSINESS SUMMARY
Pure Play Music, Ltd. operates as an Internet based music platform that offers a music broadcasting and licensing opportunity from various artists worldwide. The company?s Web site, www.pureplaymusic.com, provides access to the presenter-based radio broadcast, six genre-specific music streams, on-demand music tracks, artist pages, business directories, news articles, download store, and an international gig guide. As of September 30, 2008, it featured and promoted approximately 7,000 acts from 42 countries. The company is based in Santa Monica, California. |
Pure Play Music Ltd.
3200 Airport Avenue
Suite 20
Santa Monica, CA 90405
United States - Map
Phone: 310-636-9224
Web Site: http://www.pureplaymusic.com
SHARE STRUCTURE (from November 10, 2008 10Q):
"State the number of shares outstanding of each of the issuer's classes of common equity as of the last practicable date: 59,342,701 shares"
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MOST OF THEIR NEWS HAS BEEN PUBLISHED VIA SEC 8-K FILINGS In December there was the following release:
Pure Play Music and DSG, Europe's Leading Consumer Electronics Retailer, Announce Expanded Distribution Deal
Previously-announced agreement increased by 40%; estimated first year revenues for Pure Play of over $18 million
http://finance.yahoo.com/news/Pure-Play-Music-and-DSG-prnews-13792269.html
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