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If he had not announced a PR coming out soon, the pps would have continued to freefall. I generally agree with you and dislike when companies pump a pr, however, in this case, I think it was a smart thing to do to stabilize the price. At least there is real news coming and it's not an empty pump like others have done...
The CEO has been pretty smart and on point so far. I wish his English was better and he had someone proofread things lol but, he has shown to be someone to follow up and follow thru on what he says. Today's PR will hopefully be all we want it to be...
I think in this case he needed to announce the PR coming out since everyone was so bent out of shape regarding the increase in the A/S the other day.
He followed up with a Tweet saying those were restricted shares. Today's PR should explain that, as well as, significant debt reduction and perhaps talks of a merger. I am hoping they disclose subscriber numbers as well and talk about the media blitz they are about to begin.
It sounds like he has enough significant news to be able to keep the excitement going...
That has been addressed many times. 95% of the companies suspended are for not filing and they are never heard of again as there was never a real company in the first place and they were just shells.
This is a real company that spent a truckload of money to do 7 years of filings to try and become current. They have oil wells which are physical assets and the company has already started an audit with a respected CPA firm.
They have made it clear they are working on resolving things with the SEC and have not disappeared into the night. I'm betting they come back and stronger than ever because of that scrutiny. If they come back, they will be beyond reproach due to having been vetted by the SEC at that point.
I do agree that it will be long haul though. A couple months may be optimistic but less than a year is my guess and nothing more than that.
Where did you get that it was a pumped out oil field? Oil companies regularly shut down wells to go to other sites with easier access. It doesn't mean the well is empty but rather than there are easier places to get the oil from making it more profitable. The statement on the website mentioned "new extraction technology" For me, that was what I was interested in and was betting on. Very well could be made up nonsense as we never got to hear about that as they were supposedly waiting to become current to release that info...If it is real, then they could have something of significance. Long ways from hearing about that now though but they do still have those wells and they are not empty.
Please explain. I do not see it that way. My previous post was about how I disliked their explanation of the suspension as being because of a volume spike. I laid out what I thought were the real reasons but of course, they aren't going to say those things in a PR.
My next message was regarding the PR stating they have an accredited CPA auditing the company and that had been verified with a phone call to them. I closed it out saying that, if they return, they will be stronger than ever, having been audited and vetted by everyone. I do not think these things contradict each other.
Bottom line for me is; I think they were trying to get things on track for real this time around and this was not a scam but rather a series of filing errors as well as pumping that caused the suspension and that they didn't spend the money, time or need to be so obvious if they wanted to scam people (it's not cheap to catch up with 7 years of filings to become current)
I do not expect them to come out admit those things but do wish they had given a better response. Frankly, I think it was a cover their ass statement and that the next pr from them will be much more insightful and hopefully we will get that this week. I also think they will be a stronger stock play if they are able to return having been vetted by everyone..
Yes, the wells are plugged but, that was what the "new extraction technology" on their website would have been about. The idea that they had a way to profitably extract the oil from wells they already own. They do have those wells. Whether they have the tech or not, is not known.
Perfect response. Not sure how anyone can question the validity of them getting audited by BF Borgers CPA after having the pr plus a call to the agency confirming it.
PGPM will be back once they have completed the auditing and they will be a stronger company than ever, having been audited and vetted by the SEC, OTC and everyone else. IMO, if they do return, it could be the best thing to happen to them going forward.
Frankly, I hated that as an answer from them. Stocks have volume spikes all the time and that would not be a reason for the SEC to shut them down. Just isn't logical. IMO, it was the SS being reported incorrectly while pumping the stock with a pr about a $3M investor combined with the fact they had been dark for 7 years.
I am one of the few that thinks this has not been a scam and that it will get worked out over time. I fully accept the fact that I could be wrong but I feel like they didn't spend the money and time to have it end up like this plus the fact that they have physical assets of some worth (the wells they own) makes this a good gamble for me.
With that being said, that was a crappy answer from the company as to why they got shut down. I hope they do give us an update this week as we deserve one and will hopefully give us some direction.
That's in the short term as in a week or two from now. Give this a couple months for them to finish the auditing they have already begun and address the SEC issues before them.
They didn't spend the money and time for it to end up like this and if they do pull it all together, imagine how the market would respond then. It would be blue sky's real quick..
Selling at trip anything is pizza money and for most, not something that can be reinvested and have it made up elsewhere because they would be taking a 99% loss and have next to nothing left over.
A couple months isn't that long and the upside far outweighs selling out at this level and if things fall the right way, it could be the best thing to happen to them and us longs, as the company will be beyond reproach at that point having been vetted by everyone...
Exactly. Couldn't agree more. I am stuck with 1.5 Million shares at a 70% loss and would be lucky to find a buyer even if E Trade would let me sell today. By the time I can sell on Wed, the pps will probably be trip 1.
No way I'm going to sell at that price. I'm going to gamble and buy some more. At that level, it is worth holding and accumulating to see what happens.
They do have physical assets and they didn't spend the time or excessive amount of money to file 7 years of filings to become current to have it end up like this...They will be coming back IMO and when they do, they will be stronger than ever, having been audited and confirmed and such.
Imagine if they do get thru the suspension, what would that mean for the company and the pps in a positive way...
Of course that is a gamble, but aren't all of the plays in the OTC...
They have large assets, we just do not know what they are actually worth. But they do have actual physical assets of significant value. There is value with the company. It's not the same as most OTC stocks that are just selling paper. They are getting audited and have not disappeared into the wind, so this will get worked out at some point.
I think .002 is a fair price at this time and am hoping it stays in that range. Etrade will not allow trades until the DTC restriction is removed which should be Wed. I'm hoping to sell at .002 or better but, if it falls down into trip 5 or less, I would become a buyer and wait it out...
I think the consensus has been, it was probably the mistake in the filing of the SS while also PRing about a $3 million dollar investor or some such thing. They were pumping while not current and with wildly wrong numbers and it was with a company that hadn't filed in 7 years so it looked particularly bad. Looking back, it totally makes sense they got suspended and IMO we all messed up by not selling when the error was reported and that pr came out...it's an expensive lesson to remember for the future.
I still want to hold out hope that they will be back because it does not make sense that they spent the money and effort to bring this back after 7 years just to have it end this way. They also have physical assets, though we don't know what they are worth, but the value is significant.
I think they will be back and for some, this will be a buying opportunity on the cheap for a lotto ticket that could eventually turn out to be a winner.
Yes, not to mention the marketing blitz they are about to start. The people that have the app now are basically beta testers as part of a soft launch. The real launch of the app hasn't even started yet. The next 10Q will look amazing. They already have significant subscribers and with the CC option in place and a marketing blitz about to start, the real party is just beginning.
With that being said, if the price drops on Monday, I will be happy to pick up those shares. These are bargain prices for sector disruptive technology and I want to accumulate while I can still afford this stock. I can't wait to see how this rolls out over the next couple of weeks...
And I responded to you that it IS important as it was one of the stated requirements of becoming current. It is part of the process and an indication of things moving forward. It was important to me as it showed progress.
These kind of back and forths can be done about any stock at any time. Everything in the OTC is opinion and momentum. 20/20 hindsight is useless and no one has a crystal ball, so we go by what we think is going to happen based on the information before us.
My original point still holds true that, out of all the suspensions done, 97% are nothing like this one at all. PGPM will be back with a MM sponsoring them quicker the people think IMO...
Sure, now after the suspension with all the fear that has been built up but prior to that, they had been verified and were on their way to becoming current with the promise of significant news that included new extraction technology to allow them to profitably extract oil from the wells they already own.
So no, I would not think that and still do not. I do think they made huge errors and mistakes and should not have PR'd about 3 Million dollars and so on, but I do think it is a real company and they are getting audited, so we will find out just how much their assets are worth soon but the point is, they do have assets and this can come back so there is no reason to throw shares away on the gray market for nothing IMO.
It's not that at all. My comment is based on the fact they did 7 years of filings at once and we know they do have large assets. Most suspensions are not in that context. Most never return and don't even try to.
This company didn't spend the money and time to go current after 7 years for it to end this way.
If they wanted to scam, they could have done it much cheaper and a lot less obvious. So no, it is not because I have rose colored glasses on as you suggest but rather, that I am pointing out that, this is not a typical suspension scenario...
I agree. Why give your shares away when this will get turned around within a few months. It will cost higher commissions and you will be lucky to get trip anything, making it just not worth it...
This is not your typical suspension with the typical stinky pinky company. This is a real company with real assets...
They did spend a lot of money in attorney's and filing fee's to become current, not to mention, if they really were just a scam, there are many less obvious and cheaper ways to do it.
If the price range somehow is in the .001's +, I would sell to free up money for other plays since this will take a few months, but anything less than that is not worth it.
Just be patient and do more DD about the company and what it is currently doing to fix this...Which they are trying to do. They haven't just run off into the night.
There's more to this story and I want to see how it plays out. $PGPM
Thank You! This is what I was looking for. It is helpful. Thanks again.
That does not make sense but thanks anyways...This is a chance for people to say why to buy...I am serious and will be doing my own DD but like I had said, I am looking to buy in the next 10 minutes before leaving country...
I'm new to this ticker and need reasons to buy or not buy please. Looking to make a decision between RCHA or NPHC. Are there any notes coming up? Is there news expected soon? Any feedback is appreciated.
I'm doing more DD but am trying to move quickly... TIA
All I see is them filing for extensions or filing late time after time. Was their something there I'm missing?
Have you asked yourself, why have the financials taken so dang long? IMO, It's because Tom didn't want anyone to see the upcoming conversions and we have more of the same to look forward to by the way of a $325k note that is due to convert in August. What else is coming up? Do not know and none of us will until financials are filed. We do know there is at least 1 more large note and it comes due in just a couple of weeks.
Of course there has been dilution. Conversions and dilution are the same thing. I think people get worked up about the word dilution and think it only means the company taking money out for themselves. A note converting is also dilution and there is no question, that has been going on for the last two months or so. BMIC and VNDM were riding the ask with 10k lots for the longest time. They adjusted their numbers but continued to sell on the ask for about 60 days or so and I do not think they are done as we know their is an outstanding note for $325k that comes due in August. There has been dilution and unless the company pays off that outstanding note, their will be lots more in just a couple weeks. If they ever get around to filing the financials, we will find out for sure but perhaps the reason it has taken so long for the financials to get "ki8cked out" has been, they don't want anyone to know about the notes that are converting...
He never promised it would be good news. The fact we will have new notes hitting in just a couple weeks makes me want to poop my pants...They have not even finished the current notes (or so it seems and there has been no filings saying otherwise) and now we know, we will have a bunch more dilution by way of notes converting, very soon. Are you "Pooping your pants" yet?
Exactly. Pretty much sums it up and is a likely scenario for the very near future. More dilution and a lot of it...
We know there is a note for 325k that will be due to convert in August. I am not sure of any more but we really do not know beyond that because there hasn't been any disclosure. But unless they pay it off, there is one for 325k due in August which is only a couple weeks. Tom needs to address it specifically otherwise we should assume that the note will be converting.
Has nothing to do with companies needs.
Thank you. There is one for 325k for sure and somewhere I had heard there was a second one as well but I do not have information for that. I think we are going to be looking at a new round of dilution thru the month of August which is only a couple weeks from now. I would like to hear more from Tom about this...
Thank you. I think most current conversions are finishing up but I do think we are in for a new round of dilution come August. How much is what I would like to know because I think it is significant.
Don't they still have two notes coming due in August or has that changed? I think we still have dilution coming right around the corner unless they paid them off early and I do not remember seeing a filing about that. Anyone know status of notes/conversions coming up in August. TIA
They've been saying that for more than a month now, maybe two, with no follow up, no names or facts, no financials yet, and so on...Needs to produce and follow thru on these pumps but right now there are better plays going on elsewhere...
Keep in mind, OTCMarkets has stated, they are 3 -4 weeks behind, so I would add that to the time line you mentioned.
I agree many will be leaving but not for the reasons you stated. AMLH is a medium term and long term hold at this point.
Many will be taking their money over to other plays that are hot right now because there does not seem to be a reason to hold for the short term.
I believe in this company and Bishop but they have a ways to go yet before anything significant happens. Until then, I'm taking my $'s elsewhere and will be back when the time is right... GLTA
The point is that this company and their filing situation is not normal at all. PGPM does not fit the mold for 95 % of the companies included in the stats you quoted. Most of the companies don't even open their mail. We know PGPM is not like that and hopefully the audit and having the suspension lifted will prove that out in an undeniable way. This is a real company with real assets and now they have to prove it but that's OK as long as they can...I also do stand by my assertion that the OTC being behind in their review process could have had an impact on this considering how many filings are associated with PGPM and the backlog making it difficult to properly review. Just a different scenario than the doom and gloom you keep suggesting.
When do the next notes hit? I think there are two that come due in August. Is this correct or where those settled? TIA.
No one knows that. PGPM filed 7 years of filings at basically the same time. The OTC was already backed up 3 to 4 weeks before having this monster land on them. It is not surprising that there were some errors along the way from PGPM but them concerned for accuracy can also be reflective of the backup that they have at the OTC.
7 years of filings were presented at the same time essentially, on a department already overworked and over stretched with a backup load of nearly a month, so they put a hold on it so everyone can review everything. Makes sense and should be able to get sorted out pretty easily.
Yep, I know I will. The company made errors in reporting while filing 7 years of data at the same time while putting out pr's that triggered the suspension. It is not surprising that there would be errors. It would have been best if they hadn't started pumping the company until things were over but, this is a just matter of them having numbers audited and then finding a MM to sponsor them. I do not think that will be an issue. The way I read it is, they would not come out after 7 years of being dark so that they could scam people. It's too obvious and it was very expensive in attorney's fee's and filings fee's to become current after 7 years. This is something that will get cleared up and then will get sponsored and right back on track.
It's just about being patient thru the process which may take months to work itself out but, it will work itself out and then they will be back stronger than ever having been audited and such with verified credibility and hopefully the large assets and other holdings they have disclosed.
The reason people are upset is because of Tweets by Tom promising "poop your pants news" and "this changes everything" news and then not following up on it.
People are upset because he has been pumping the company while it converted/diluted and has not followed thru or up on any of those pump messages.
There is reason to be disappointed and upset with the company and Tom in particular. He/They need to pull things together, get current, get the financials done and all the other stuff that is taking way too long and then we can get excited for real reasons and not the ra ra pump me up stuff...
It would be great if everyone was to lock their shares by putting a high sell price so MM's can't use them which will force the price up even quicker. Considering high volume is, this could really have an impact
Thank you. That is a great run down of what we have to look forward to. This thing has a long ways to go and the pps right now is a gift. As each of those catalysts hit, the pps on this is going to soar and build new levels. The half a billion in volume by lunchtime today is a great indicator of how strong this stock is and will be...