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Anyone know if they can get another extension on the 10K? If they don’t file by the original extension date (tomorrow I believe) what does that do to OTC Markets currency status? I guess we can ask tomorrow if they take questions.
I’ll be there
That’s the day the 2020 10K is due....interesting.
Something is shaking....
Agreed I don’t expect much with that although the SRT news with Ennis Flint was released on 12/29/2020 so it should be addressed with the 10K. Maybe that’s the hold up? Can they file another extension?
It doesn’t take much for that pink current to turn into a stop sign. Hopefully they don’t fail in that regard. I’m still very optimistic.
The 2020 10K extension deadline is this week (the 15th I believe) hope we see that for starters.
You were here when it was basing at .002. And it ran to .02
You saw the it trade at .02 and run to .20
Now it’s at .06....will news sends it to .60?
Different deal now. VHMC sold to a different company than what was originally planned with the one for one share distribution. Shareholders will get some shares of VHMC just an unspecified amount.
I wouldn’t count much on it, they will probably just reverse split those shares anyway before anything happens. Nothing is free and I’ve seen this sort of thing play out before.
What’s most important though is cleaning up the noteholders mess imo, if that does it than great.
Hopefully with the 10K and up coming 10Q the market will see it the same way!
Something to think about with this infrastructure bill....PPG (Ennis-Flint) is a well established company that is not new to government funding. They aren’t an otc that has only existed as a publicly traded entity for a few months, like PMPG. Not disparaging PMPG or it’s management at all, just point out that when it comes to grants with this bill, it’s going to the likes of PPG and established corporations.
If the due diligence is correct and these SRT patents are key to some of the goals outlined in modernizing the US infrastructure...can you say holy shit!!!
PPG will need what Is being presented here with PMPG, the politicians won’t look twice in awarding contracts to the likes of PPG who in turn must turn to SRT and PMPG!
This is going to be a great year for PMPG longs I bet!
While it’s usually a bad sign when an OTC company files late, it doesn’t hurt to put this case in perspective. Along with the what you already mentioned, the 4th quarter 2020 is when this once empty shell got put into the hands of the new management team that took it over. While there is no revenue I assume in that quarter, a lot did happen with bringing the whole new team into the fold. It seems the last couple months with the wrongly issued shares and legal action against those who were involved has shaken things up a bit.
The 10k will explain a lot assuming it gets filed. What we can really dig into is the first quarter 2021 10Q that is also due in the next few weeks, hopefully there aren’t any delays with that filing to keep the streets faith in management in check.
Fingers crossed!
$7500 bucks to slam the ask is only just over a 100K shares, it wouldn’t have made a dent. Not a fan of promos myself, not sure why Tony decided to go that route (maybe it wasn’t him?).
Could be some shareholder, or maybe even a trading group decided to compensate Ludlow? Our volume is anemic at the moment, and someone with large holdings could have easily sold 100K shares to get Ludlows pumping? Who knows.
I bet we get the 2020 10K first...
The dilution happened after the 1 for 1000 reverse split, with 2.3 billion shares authorized the shares were dumped and diluted over the course of the many failed business plans carried out since 2010.
There isn’t much left to dilute with nearly 2 billion shares issued out of the 2.3 billion authorized. In all that time, not one single dollar of profit came into the various business plans Pope has tried to peddle.
The only profit made has been from trading worthless shares on hype and wishful thinking. It’s so bad that Pope is whining on Twitter that shareholders just don’t hand him the cash he wants!! Lol!!
Mark my words, the only way out of this for IJJP and Pope is a reverse split and more hype to sell shares on this new business “plan” imo.
He reads what I’ve been posting over the last 6 or 7 years! We have interacted through email, I’ve been right all along. His tweets just validated everything I’ve been saying.
Lol, did ya read the what else Pope had to say??
“Yes I am running a public company since 2003 October. It has cost me from $30k to $60k cash per year. I was ill from 2016 to 2018 incurred medical bills . You need me to spend my cash to allow you to trade by keeping the company current. Not one of you have offered even 1-penny.”
Hahahahahaha!!! That’s not how a publicly traded company works! Reminds me of when years ago he asked shareholders for a donation to put out a PR!!
The shares they own are the donation! Just because the company blew out the share structure by nearly 2 billion shares with nothing to show for it, aside from whining about being called out on Twitter, doesn’t mean they need to offer anything more. It’s his job as the CEO to do something about it and generate the revenue and keep the company current to validate the share price.
This Twitter tantrum is par for the course of his decade long failure. It’s been nothing but a trading vehicle for charlatans to flip shares and make a buck.
Where did Pope get the 30-60K a year to run this company with no revenue?
A reverse split is coming here imo, the game and swindle has to start again since the share structure has been blown out and the CEO, imo, is basically telling you that!
To me it looks like the set up is here to blame shareholders for holding the CEO accountable for the failed timelines and failed business plan. Basically giving the finger to shareholders as the CEO convinces them that a “share rollback or consolidation” is what’s best to get things moving.
They aren’t letting up on those shares, that’s great news! Hopefully the market realizes that soon.
Getting this cleared up ASAP imo would let the company focus on getting the Ennis Flint deal wrapped up!
Patience is key here, management keeps working to the benefit of the company, and it looks like they aren’t playing games.
That VHMC doesn’t exist, that was the empty shell that became a vehicle for a reverse merger. It was during the attempt at putting Gear nutrition into the shell that VHMC became PMPG.
The filing in 2018 was interesting in that it took the VHMC notes, put them into a different subsidiary and off the PMPG shell. Those previous note holders probably didn’t care about their loss until PMPG ran to .21 from sub zero.
Looks to me like they came up with a way to satisfy those note holders and keep the PMPG shell clean. A plan they were willing to agree too without going through years of litigation.
We will see how that plays out, but I think it will work out for all those with skin on the game.
It’s a gamble for sure, but any PMPG shares bought now in this pps range I think will turn out fine. I started buying again last week in the high 6’s and low 7’s. I wouldn’t t base buying PMPG shares on how many VHMC shares I can end up with. But like we agree, it’s a bonus and for sure can’t hurt, who knows maybe it will even work out, that would be amazing, but we won’t know until we know I guess.
Personally I’m not holding much out for those VHMC shares, the recent shares I have added were solely based on the potential of PMPG. If those VHMC shares add up to anything in the future that would be great, just an added bonus. My focus is on PMPG’s potential.
They probably won’t be free trading shares for a while. There is still a lot that remains unclear, I actually think this is more a way to settle the note holder claims without diluting PMPG. The focus remains on SRT imo, this VHMC stuff is just cleanup imo.
Still good news imo.
He acquired 650K+ options excercisable at 16.07 a share. They vest 6/2021 and expire in 2031. They can be exercised in 12 installments during that time. At least that’s how i read the filing
No not at the moment, it’s the old ticker symbol for PMPG. Seems more like a way to settle the shares that were sold by the old note holder’s, don’t really see what this does for us....who knows, maybe someone has a better explanation.
Haven’t sold a share of PMPG in over 3 years. In fact bought even more to stack away in my self directed 401K account.
I know how to trade, invest, and understand the tax implications. I bet many of these new pandemic stay at home traders don’t.
Haha good point!
The OTC had a crazy year with many huge runners. New traders fueled by robinhood and inexperience who made large profits, are now getting hit with huge tax bills. Could explain some of the selling to pay those bills and the tanking in the otc right now as others see their trades collapse. Just a thought.
Makes you wonder...Sock has been involved with the PMPG shell before the new group took over.. he was elected CFO October 2019.
Was he involved with the improper share issuance? Did he mess that up and was asked to resign? Seems like something the CFO would have knowledge of? All my opinion of course, just trying to figure out what all this means.
Another 8K just filed new director Darrel Calloway elected to the board. Arnold Sock resigned.
PMPG only became OTC current 4 months ago! Their profile was updated a few days ago, they have 4 directors listed. The company itself is barely a couple months old!
Like they tweeted “ Rome wasn’t built in a day”
They have come a long way and low volume bid whacks and selling will be irrelevant in the long term once we get consistent and fluid volume as things progress.
Being early takes patience, it’s boring, take a break come back in a few months and buy back then. Maybe all those concerns will be addressed and one can feel more confident in their investment.
Or maybe we will be back to sub penny? Who knows, either way it will take more time to get this company off the ground than the few weeks you have allotted them.
How so? The stock is up nearly 800% since he took over the shell. Filings are all current, new website up and running, communication through Twitter and Facebook. An agreement in place to bring SRT and NPI into the PMPG shell. All since October...that’s a lot to accomplish in such a short time.
The deal with the shares is an issue of the previous group that controlled this shell for the last 10 years. That’s an issue for the courts and PMPG’s counsel to look into.
PMPG applied for the DTC FAST program, this could help with volume and fluidity in trading when approved, something we may be lacking at the moment.
No my friend, the qualifications of the CEO aren’t in question, detractors qualifications? Sure one could argue their lack of qualifications to make any judgment on the CEO’s qualifications.
Agreed, it’s been holding that level well, volume sucks, but it is what it is until things keep progressing. I sat on another ticker with no volume for months trading between .04-06. Sold out of frustration...it went to $9 in less then 4 months after that....of course that was a revenue generating company farther along than PMPG, it’s just getting started. Some news and updates may move it but this is a much longer hold imo.
NPI was happy to take 10million shares that they can’t sell for 12 months, let’s see where the PP’s is then, I’m sure we will have manufacturing up and running by that point, deals in place, all reflected in that PP’s....assuming it all works out of course! We are still an OTC stock trying to get started and only a few months into tangy process, much could happen (good and bad). Just have to hold on and see where it goes.
This management team has been on board for just a few months. So much info is available on this board, on their websites, in their filings, for you to figure it out yourself.
This was an empty shell a few months ago, trading well below sub penny, a few years ago it was VHMC, the history is available, just takes a little effort to do a little due diligence.
10 million shares that can’t be sold for 12 months, NPI agreeing to that, tells me they are happy with the amount of shares and their value 12 months from now.
Sounds positive to me, remember there were 124 million or so shares in the float when this was nothing but an empty shell. Share issuance is to be expected when it comes to bringing revenue here. The good thing we as shareholders have is the fact that the share structure was favorable to us before any business was brought in. Most reverse merger shells already have a bloated share structure with hundreds of millions of not billions of shares in the float. We have all seen those plays run to hyper inflated values though OTC pump games.
IMO we are lucky to be in the early stages of what’s to come. NPI seems to agree and is happy to take 10 millions or so shares that they have to sit on for a year.
I don’t know, news of the potential partnership sent this up 1000% to that .20 pps. News of an actual manufacturing deal should easily exceed .20, still way early in the game here, and I say this from the perspective of a 6 year long!
True, but on the positive side, even with that selling the PP’s held a nice base in the 9-12 range. It just seemed to absorb any buying that came in vs any real dumping. We all have seen what dumping in the OTC look like!
No I missed that, all good signs imo. Clearly being patient as they check off the boxes and get things in order will clearly be beneficial to longs!
If they weren’t entitled to sell shares, how do they get them back if the findings favor PMPG’s argument? Buy on the open market? Could be a set up for a nice squeeze if so.
PMPG retains Exploratory Counsel in the matter of Note Holders selling shares:
WOODLAND, CA / ACCESSWIRE / February 24, 2021 / Premier Products Group, Inc. (PMPG), (OTC PINK:PMPG) announced today they have obtained Exploratory Counsel into the matter of Note Holders of PMPG's subsidiary Valley High Mining Company (VHMC), received PMPG free trading common shares on note conversions. PMPG's attorney issued a letter to the Transfer Agent to stop issuing PMPG shares to Valley High Mining's Note Holders.
"Our attorneys are looking into the matter of shares being issued to VHMC Note Holders that were not entitled to PMPG stock. It is my belief and opinion those shares affected PMPG stock over the last 45 to 60 days and PMPG will be demanding those shares back when we complete our findings. Under the Holding Company Reorganization Section 251(g) of Delaware General Corporation Law, VHMC is a private company of PMPG and was reorganized as such back in 2018," states Tony Hicks, Chairman and CEO of PMPG.
On February 22, 2018, Premier Products Group, Inc. and Valley High Mining Company completed a corporate reorganization pursuant to which Valley High Mining Company, became a direct, wholly-owned subsidiary of a newly formed Delaware corporation, and Premier Products Group, Inc. (the "Holding Company"), which became the successor issuer. In other words, the Holding Company became the public entity.
On February 16th, 2021 PMPG recently settled a dispute on a debt on another matter and 50,000,000 shares were returned to PMPG common share stock.