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.40 Without restructure. I have been 'educated' by Lucullus and others on this board after my excitement about how the stock will be restructured after any deal. Forgive me..this is the second merger I've been involved in. The consensus from the people that have pm'd me is up to .30 best case based on those previous numbers..but most likely around .08 to .14. Paragon has to get their piece of the pie and there will no longer be that large amount of O/S.
Not sure why. I'm told we now have a solid target or two. One is VERY large. Problem is current market conditions. This may take a couple months to finalize so capital can be raised. If I werent buying a house..I would be buying more PVNC. Even after restructure this has to be at least .08??
no idea yet. I only get answers to certain questions. Awhile ago Scott said they were looking at 2 companies, one in manufacturing, one in energy. Scott hasnt been to forthcoming since then. I still think its a good sign if Alan is over there.
Yes. Hasnt said anything besides that. I was hoping for "I'm closing a deal right now"..but nothing like that was said. I assume the fact that HE is there as well as some of his staff means we are at least getting somewhere. I know his staff as been there 2 times before in the last 2-3 months working PVNC.
Alan Donenfeld is in China right now. I have a feeling thats the closest we have been to good news in awhile.
Outstanding in ref to the net profit. That is the EPS. This will have a multiplication of the P/E. Even with a small p/e ratio this this hits .40 easy. The outstanding shares listed may not be correct. Plus the float will play a factor in combination with business category(healthcare, biotech..etc), earnings potential, how many shares stay/change restriction... Lots of variables. I'm really liking what I'm hearing though. Someone close to the situation ;) is saying multiple targets are at or above 5mil profit.
There are many more factors that go into it than that..based on what little we know at this point and some past deals I have examined over the the last 2 years..I believe anywhere from .40 to as high as 2.00. JMO.
RESPONSE from MR. Donenfeld.
I have recently found out some good news regarding PVNC about finally having some targets that sound promising(via another source) that a merger will go thru. So I tried Mr Donenfeld again. Took me many emails..and I guess the right approach to finally get an email response..so here it is:
"I am actively working on a reverse merger with over a dozen companies. Our minimum net income for these companies is $3 million. If they are valued at just 10 x net income then the minimum valuation should be $30 million. Our hope is that the post reverse merger company is valued at $50 million. Our goal is to obtain 5% to 10% ownership of the company after the reverse merger. I believe that a transaction can be completed within 90 days."
Alan P. Donenfeld
Prevention Insurance
Tel: 212-593-3157
Fax: 212-202-5022
alan@ParagonLP.com
The possible reason for yesterdays movement..
From WallStreetWhispers:
"PVNC" (OTCBB under 3 cents) On December 31, 2007, the Founder/CEO and his "mighty" Board Members stepped aside for $250,000 and some bennies at a later date, to allow the head of a NY-base investment banking firm to find a reverse-merger partner. So far, they have only shot blanks, but a source has uncovered rumors that a deal could be pending that would give PVNC a $25M market cap. The M/C is now less then $3,000,000.
So my broker tells me the market makers are no longer allowing trades on this stock. Anyone else confirm this?
Some new news on Paragon..
http://www.finalternatives.com/node/3750
Check out the return in 2006. This company will get us something big IMO.
I wouldnt qualify this as "some guy". Donefeld will make this very profitable..
Jason are you aware what has transpired here the last week?
Interesting feedback from Scott. Two companies are targeted by Paragon..One US..one China..Both much larger then Senyin. He said he expects news soon.
Scott says "They have alot of money and high quality RM candidates" for us.. We'll see.
Trust me..I am skeptical. However, the last time he told me he might put out news..he actually did. I can only hold out hope in this endless..Groundhog day movie of two more weeks that there is light at the end of the tunnel
Scott seems firm in his belief that a deal is imminent. Says he may put out news first of next week.."very strong co." Anyway, we'll see if true or this is just another two weeks of waiting for more hope..
Yeah, I love this sale. I bought more. This is a clean shell and Scott does have 2 large companies interested. I spoke with him yesterday about my concerns and he stated the same thing..it is in his best interests and wants this as badly as we do.
Yeah, we should here something "next week". LOL
Letter of Intent
Dont understand your no dilution issue. Mr. Goldsmith did confirm there was some cash raised in late spring to pay for Audits..etc.
There did seem to be a change back then...
From Scott: In talks with co. from China MUCH larger than Senyin. Hoping to get a LOI signed.
You know, I can be upset at Scott for lack of communication with his investors..and I am. However, I dont feel he is the reason anything failed. It is up to the brokering firm to make these deals work..That was the common factor IMO. The good news is it sounds like we are working with and new bank/new rep.
I feel your angst. However, from my understanding, they were already extended 2 times. They werent communicating with the reps brokering the deal..therefore the cancellation.
I have been speaking with Scott everyday. This is very good news. The company he is working with is bigger than Senyin.
Yes, he says he's waiting on paperwork from Shenyin outlining their commitment to the deal within 30 days. Says should have by tomorrow. He is either full of stories ..or Shenyin is.
Interesting. Are you sure that quarterly sub statements could not be done within 30 days?
Me neither. It was more a joke..However I will give this another day or two before I give up. For some reason I believe the Chinese will agree to closing within 30. It just makes sense if they have money tied up already. I can only think they(Senyin) are trying to time this to something to benefit them.
I think this is true. The Reps told the Chineses early last week they would pay for stubs if they would negotiate and close within 30 days. Apparently we are still waiting for the answer. We should know today..or tomorrow..or the next day..or..LOL.
Considering its early Sat morning in China..I dont think we will know anything today.
He said he should know by end of day. Thats the email I got today.
Great..now we need December to bail us out again.
Yeah, Im kinda stuck here. Dont really want to sell.. Ive held it so long that I'll probably avoid a major tax hit if/when I do sell. I would probably pick up more too if below .03. I do believe Scott wants some deal substantial to work so he can retire. He mentioned it many times.
What is the spread on this today? My level 2 wont show it..
Someone else should ask him about total revenues. Thats not what he told me about 6 weeks ago. I would like to know if he even knew for sure. He also said furniture div was not profitable.
As for the 2 companies..thats what he told me on Tues as well. But today said he had only 1 he felt good about. His details are always sketchy from one person to the next that he talks to..
Scott has told me those figures are wrong. The furniture division is not profitable as of yet either.
Senyin only has 20 million in revenue..but yeah I get your point.
Per Scott: Shenyin does not want to pay to do the Stub audits..they want to wait til end of year and do a 10k. Scott said he wont wait that long and will pursue other interests. He said he believes they may come back today and say they will do the stub statements.
I dont believe they will ..they waited this long to tell the reps they werent paying for stub statement audits..then they are willing to wait this out whatever Scott tells them..IMO.
Also, Scott says HE ONLY has 1 other company he is looking at at this point.
As of 1:30 est time..nothing from Senyin. They are on PST so they have some daylight left...but I dont expect anything. This has been like the 8th deadline they missed. Scott says other companies waiting in wings...just like my money.