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Excellent work Riversong. Boardmark for you. Its clear that the Verges family are owners and controllers of PRPM..
Now the only question is what they will do with it
I did look in to Verges and i agree with your comments
His only interest is for himself and his buddy's. All his other companies, their PPS have been diluted to the maximum.
Whats interesting, is that after the PRPM deal was executed in August 2011, and Verges and Noller took over PRPM, the next 4 - 6 weeks the trading volume in PRPM was more than 700 Million shares !!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66235216
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66227865
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66196950
Hmmm. That could mean that they bought PRPM, and had prepared to dump a whole bunch of shares and pocketed a nice amount.
And now they have left PRPM to wilt and die !
IMHO
Controlling interest is with Verges and Noller.
Previous management are out of the picture completely
See my Posting : http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71173599
If you read the filings (Nov ,2010) you will see, that the previous sub Propalms Ltd, is no longer part of the company
http://www.otcmarkets.com/financialReportViewer?symbol=PRPM&id=41108
Also if you read the filings on OTC Markets the key controlling interest lies with the Preferred " B " Shares
http://www.otcmarkets.com/financialReportViewer?symbol=PRPM&id=63701
Also if you read the filings it clearly states
" The Company signed an LOI in which PROTEK Capital would exchange 100% of Preston Trails Contractors (PTC) Common Stock for Preferred stock in PRPM which includes 55% majority voting rights and dilution protection subject to final negotiations."
" A share exchange Merger Agreement (July 15, 2011) was executed, which transferred all of the One Million (1,000,000 ) Shares of Common Stock in Preston Trails Contractors Inc. (PTC) a Texas Corporation for Ten Thousand (10,000) Preferred Series B stock in ProTec Capital. The Corporation will continue under the name of ProTek Capital, Inc."
What all this means ?
While the company name is called Protek Capital, the actual business is now Preston Trails Contractors Inc. (PTC) a Texas company.
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=138819867
Lets hope he replies..
Cassandra : Can they appeal this verdict?
As this is a civil matter ( so far) i guess the maximum they can get is a large monetary fine
You can try to email Phillip Verges or Bruce Noller
These guys are the real owners of PRPM.. they have the Preferred B Shares that have 51% controlling vote. See Press Release Below
http://finance.yahoo.com/news/ProTek-Capital-Announces-iw-4175342197.html?x=0&.v=1
Bruce Noller e mail : bnoller@profitdfw.com
Phillip Verges e mail : smeppp@gmail.com
FYI they also control NWMT.PK and CCTR.PK
You can read all about them on the hub boards
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68700145
Thanks Scion for this update
Very True..
Penson have changed the rules.
BTW, i have been following your posts on CLDR.. You know Lovatt was a premier client of Big Apple, till their big falling out of love.
Its a 10 day trial by Jury. started on 01/9/12
it must be finished today.
curious to know what the Jury will decide.
I know what IHUB members would decide !
You never can tell.. Strange stuff happens in Pinkie Land.
PRPM back to Limited on Pink Sheets. The company missed their filings.
You got it right ! These debt conversions are the toxic poision that all the pinkies use, to finance their lifestyles
And the discount i can tell from other pinkies filings is greater than 50% ! You can be sure that CTYX are doing deals at 0.0005 and lower.
The reason is obvious. The so called " debt purchaser" gets large volumes of shares at a massive discount. Then if he is smart, drips feed them in to the market, and feeds back via another corp a percentage of the proceeds back into the company. which pays for the officers lifestyle and " supposed business"
Win Win : Except for the shareholders !
Prudent. 45,000 Shares @0.009 is only $450 !
Yesterday somebody sold 600,000 that netted them $4,200 +
Like i said in previous posts, the dilution is drip feed done in a smart way !
CTYX has done some Debt or 504 deal, and that person is slowly selling in to the market. The financials reveal all
IMHO, this is a lifestyle pinkie ( like 99% of them )
GLTY Prudent. I hope it works well for you
Conix : you have done very well.
When i look at the CTYX chart it dont look very good. Plus the R/S
I am trying to look at the bigger picture.
their business model simply dont add up
their financials are a window into the reality. and it looks horrible
To me it adds up, to a one guy show, with a very questionable business plan, and a lifestyle that needs to be funded.
and Pink Sheets is the answer.. selling shares, like nearly every other pinkie
GLTY
Prudent : CTYX has a history of last minutes spikes at the end of the day
Look at CTYX filings and see how many shares have been released in the market over the last year.
CTYX IMHO is a P & D operation, but smartly done. Slow drip feed, with support at the end of the day.
Sorry Prudent : Averaging down is a the worst advice you can give in CTYX
Google was just one example..Microsoft offer also the same type of Medi service
What possible chance does CTYX have ? have you looked at the balance sheet of CTYX ?
Its a joke !! Look at their revenue over the last years..
IMHO , CTYX is a one man lifestyle business, that funds his life via debt conversions / 504 / cold calling selling " registered" common shares to naive shareholders
Also this " painting of shares" at the end of the day smells very bad IMHO.
GLTY
Dilution ! Classic case of drip feed dilution.
CTYX has NO real business. Market space for this field is saturated. Google offers a FREE Medi service
The recent BS press releases are simply there to create volume, to enable somebody to sell shares
Look at the chart of the last year. Any shareholder would have lost a fortune
IMHO. STAY AWAY FROM ANY SOLICITED OFFERS FOR SHARES
NEGS announces a R /S in its filing today of 10Q
The Company increased its authorized shares to 1,900,000 which has now been recognized as insufficient to meet the demands of the conversion rights in our outstanding derivatives and other convertible securities. As a partial solution the Company filed a request for a 1:100 reverse split with FINRA on July 18, 2011.
Decided to go for a simple straddle. Strike 19.
GLTY All
FNSR 1Q earning are released tomorrow AMC..
So, any body with a view on buying options pre release.
Straddle?
Here is a "possible " interesting trade
GES is reporting its earnings after market closes today
Based upon the last Q earnings in May, and the market reaction, there was a Large Gap UP ( nearly $6)
If you buy today teh Sept 16th CALL Option at 33 Strike Price, there "could" be tomorrow a very large gap up again
Or you could hedge, and take a Straddle position.
My opinion is that looking at the last trades in May before the earning results, the " probability" of a Gap UP tomorrow is better than 50%
Disclosure : I have purchased today CALL options
Please Note : These are my opinions, and you need to make your own DD and decisions
GLTY All
TIF earnings are out on this Friday, BMO
This " could " be a very interesting play now. Based upon previous Q and the market reaction , we could be seeing a strong gap after earning earnings
The question is of course..Gap Up or Gap down ?
One way to play this is trade this using a " Strangle Option"
BUT.. the premium price paid on "both" the Call and the Put could eat up any gain
Or, take a position Trade. which is what i have done.
Based upon the trades in May before the earning result
Disclosure : I have bought Sept 16th CALL options.
Worst Case Scenario : Gap down on Friday after market opens.
Please Note : These are only my opinions.. You need to make your own decisions
For those momentum earnings players out there..
Toll reports tomorrow. Its last earning report in May, prior to the earnings , the 3 days before each day it closed higher than it opened. .. Followed by a gap up after earning report. and then the next days a fallingof the pps
Now if you look at the last three days of TOLL, you will see it closed lower than the open.
Hmmmm. So if you believe in trends or any other possible scenarios , you could say that a wise trade would be to buy PUT today. BUT.. it may be smarter to place a straddle
The Sept 16 PUT Option, the 15 strike price is at 0.80 and the 14 strike price at 0.50
The Sept 16 CALL Option , the 15 Strike price is also at 0.80
Disclosure : I own a straddle option with the a slight emphasis on the PUT side
Please Note : These are my opinions.. You need to make your own decisions
They confirmed their forecast for the next quarter, so the market factored that in
Here is a contrarian trading idea : tonight is the earnings result
If you look at the previous market reaction on CRM results, they all showed a large upward gap.
Now the last few days have heavily marked CRM price downwards. Hence the Option strike price has markedly reduced on the
" Calls"
The Aug 19th Calls at $120 are about $4.50
If CRM performs as previously, the market " could " again substantially gap upwards.
Please note: These are my opinions only, and you need to make your own trading decisions
FYI ..I have bought some calls today..
GLTY..
it will be an interesting option trade.. good volatility.
Doing a straddle will be expensive, as the last Q after earnings there was about $8 move
IMHO is that buying a PUT, based upon last market reaction on May 9th, the probablity could be very profitable.
Any views on earning result?
PPS realy down today..
Lovatt is a serial destroyer of companies. DNAD is his 4th.
This slow feeding out of shares in to the market, with a slow pps fall, reminds me of CLDR and ENTS. And look what happended to them!
If DNAD were serious about raising capital, why are they not going to a VC? These guys are investing in all sorts of start ups, especially in the gaming sector.. Look at " Angry Birds"
A VC or Angel investor, would invest money, and " HOLD " the shares.
What DNAD are doing is the most toxic form of financing that destroys pps
Sorry to spoil the party
GLTY All
More Info : On the State of Nevada website, there has been an amendment filed on 7/25/2011.
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=bGtl5meXnrCsaJFO56NwkQ%253d%253d&CorpName=PROTEK+CAPITAL+INC
It does not state what this is...
But there is now def something brewing
Further Update: New Officer appointed. Old management have gone
http://www.otcmarkets.com/stock/PRPM/company-info
Something is brewing
Somethin Up. Web site has changed. Officers names are gone. and new address
http://www.protekcapital.com/theteam.html
The only fools are those that held on here. Lots of us traded PRPM the last weeks and made money.
Nobody forces anybody to buy any of these POS stocks..
They are only good for 1 -2 days.
Mrs Doubtfire: I have reported you to IHUB ADMIN. Your posts are seriously bordeline, and harrasment.
Nobody forced you to buy PRPM or any of the other Pinkies that you seem to love like ENTS
Stop moaning, and focus on day trading. Thats all Pinkies are worth
Dman : Yes i know. To me it seems a lot of stock for somebody with no experience in the games industry and just being a company secretary. What can Lovatt bring to DNAD?
Check out Lovatt CV on his previous corps..
Dolfan : Fair enough. GLTY
Fly : I take note on your comments. You are right to have your opinion. And i do not intend to keep posting negative stuff on DNAD.
I am just highlighting a major concern, that any bagholder has the right to know
GLTY
Philyboy: Not exactly sure what you mean by this. As i said DNAD has potential. BUT the major shareholder..Lovatt has destroyed 3 companies , in the past years.
GLTY on DNAD
Dman : You are correct in this. BUT if you read the DNAD filings you will see that Lovatt has received 50 Million shares for just being Company Secretary ! This puts him as the largest individual shareholder
That should be a red flag for all shareholders