Seeking honesty and profit in business
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Any proof?
Bahamian land deal
That chart / land grid looks so familiar.
One of my former partners was the developer / first employee of Disney cruise.
This chart looks like an early cartoon of the Disney out Island. It does not look like Little Stirrup Cay (NCL) or RCL's Labertee .
Is Peter using props from other companies now.
Another "third party forward looking " statement . LOL , I guess land is so hard to sell, they give it away free to company's with no credit !
Here's another "third party forward looking " statement....
BANKRUPTCY!!!
"Supposedly the Ocean Star Pacific sold on 5/20/14, idk if really pertains to us"
If that is true, and I doubt it, and PV is not the buyer, .... Than major write-offs of over $4 million USD should
be recorded for the capitalized impaired assets . Thus equity will be reduced by at least $4 million by recording this loss from 2012.
PVEC still needs to write-off the impaired assets of the Saenz Yachts acquisition.
Between these two impaired assets,
Does this effectively bankrupt PVEC on the books? IMO, unquestionably YES.
Problem with that scene rio, a lot of the debt is NOT convertible debt to stock.
No debtor with personal guarantees would ever accept stock in this company.
Today, 96 million .0001's,
1.9 million painted beg and end of day at .0002's
Low volume today and everyday.
It is going to have to take solid news to move this.....like a change in the CEO or true results with verifiable profit.
Else, shareholders are going to hold at .0001 and take their tax loses at the end of the year....that is... if the company survives that long?
The September cash conversion of the gift divy will be a very sad day if, and when, there is no cash to pay such.
It does not look like a bright future for PVEC...debt laden, court suits, judgment and liens, no assets, no business plan, no source of revenues, management and other professionals constantly resigning, etc.
What are you talking about? Turner was an interim CFO only two weeks in mid 2012. There have been at least four CFO's and Treasurer's since then. What is the relevancy to this supposed "forward looking" announcement new "Reg A"?
What about suit to defraud? News to Turner when I asked him.... He asked what grounds and said it, "sounds like more information dissemination to confuse shareholders". Was the source of information Peter? Maybe one misheard the rumor and it was about a suit to defraud against Peter and Company by the numerous creditors, shareholders, ex consultants and employees, crew members, and unpaid professionals like investment bankers, attorneys, or accountants.
Reg A announcement ... Another "forward looking" statement ... Now being made by third parties.
I do not think Reg A is good news.
Reg A announcement ... Another "forward looking" statement ... Now being made by third parties.
Reg A..... I have done reg D and you can raise more funds through that method.
I question validity of the announcement, the source of the announcement, and it's application.
$5 million cap in one year, enough to buy Ships.... LOL.. LOL...LOL
Ships are expensive...$200 mil to $1 billion new cruise ship (singular)
The scrape metal value from ship breakers in India, .exclusive of tow, for OSP approximates $5 million . Heck, the tender alone for the as Norway was over $5 million.
No operational funding, a garbage barge or scrape steel for $5 million.
Please get real!!!!
Don't believe it, and if real announcement, than not a realistic game plan. Probably not even enough to pay the accrued debts.
I would have thought volume would have been significantly higher today... Guess shareholders are concentrating their attention to other market possibilities. Letting PVEC rest for a while?
What to expect today?
Like yesterday, a lot of .0001 dumping with volume in excess of 300-400 million.
A few times. " no bid", possibly a majority of day "no bid".
Paint at beginning and end of day at .0002's
IMO.
Not true, "the billions A/S increase are for major deals"
The last quarterly revealed three toxic debt financings for monthly expenses and day to day operating capital.
Hardly the stuff of major deals, unless one considers paying one's electric bill high finance.
The fall of Rome was also not in a day.
I do not know if the court records site does note discovery sessions. Texas law requires both counsels to be present and cross examine. You may want to contact Peter's Texas law firm to confirm the discovery session last week. His name is mr Patrick
The Gov't of the Bahamas joint venture with world' largest companies, not unknown start-ups.
For example , at Bimini World Resorts is being developed by the Genting Group, one of the most profitable and large casino operators in the world . Genting paid over $50 million cash alone to buy a used ferry for their i project in Bimini - Bimini Super Fast Ferry.
Peter has nothing to offer a joint venture except risk of non performance.
I concur .... Land acquisition alone would be in the 100's of millions . Construction costs come with required local hiring and approx 70% construction material taxes
It would be wise to offer a cash settlement since the discovery increased Peter's potential liability, over the face of the promissory note, by $100 k.
I bet it won't even go to trial if Peter has half a brain.
There were formal discovery performed with court reporting just last week. Sorry you were unaware of it.
"Turning point of recent discovery for Texas case".
the witness and documentation of original terms of loan and the refutation with documentation of Kerry's allegations.
New 3 billion share increase would raise approx. $300 K.
This is not enough for joint venture or,
purchase a ferry ($10 to $50 million needed) or,
purchase a landlocked shack in the Bahamas.
It would not even be enough to settle the Texas and Sazant lawsuits.
Only explanation is to pay monthly expenses via toxic debt financing.
It is not just the investors, but the hundred plus creditors that were / are feeling the pain.
The most pain was felt however by the 240 officers and crew of the abandoned Ocean Star Pacific in the summer of 2012. Abandoned without food, water, or electricity on a steel ship with temperatures reaching 120 degrees in Mexico. Crew members with no pay or travel repatriation to their homes as required by law. Crew abandoned in a foreign country thousands of miles away from home.
As I have said before, Peter is a true sociopath and narcissistic personality with no sense of honor, morality, or remorse.
Investors, crew, consultants, various unpaid professionals (lawyers), and creditors have truly been harmed by this Peter Villiotis and his actions.
Be careful, be very very careful.
A realistic appraisal of reality and predictions proven to be "right on target"
When do "free" shares become synonymous with "worthless" shares?
How many believe "no bid" Monday?
As I said , a sociopath with truly no conscious....no remorse .
What is the most that any company diluted their A/S on the OTC?
Serious question?
Even the free shareholders now losing significant value from these dilutions.
The story and drama of PVEC gets more ridiculous everyday.
Is their truly any longs that believe in this company?
Why?
The only person making money here is Peter via toxic debt financing.
Do longs truly expect the PPS to rise from here?
As long as Peter takes care of himself. Shareholders are toilet water!
Are you serious???? Another dilution....unconsciousable.
He has been planning, with forward looking statements, "building his empire" for several years now. No results....nada.
I personally think his empire now is selling / toxic financing shares to raise "his living expenses ".
There were discovery hearings on Texas court case this past week . Doesn't look good for Peter IMO.
Please post public notice of compliance to Florida Sellers Of Travel. I last remember Jason saying not needed as they were a Nevada corp and no activities in State if Florida. I beg to differ.
The market will decide if is ok based upon the performance of the Company.
Zeus Travel - 3rd complete staff change in less than four months
1 BTI
2 Jason
3 new team announced today
Interesting.... Is this a stable company?
Is Zeus registered/bonded as a licensed Florida Seller of Travel yet? Fl Dept of Agriculture is investigating.
Today
5 million dumped at .0001
3.5 million painted at .0002
Not much activity considering 10 billion A/S
To paint to .0002 , it only cost $350 incrementally. (.0002-.0001) x 3.5 million shares.
The trades tell the real story and people have wised up to the Company's PR and financial situation.
Not fact, just your opinion.