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That's right, Harvard. Symbol change coming. And here's a link to StroiTekhSnab, the Russian construction company that DVME (Peerless Developments) just acquired. It looks very interesting.
http://www.sttsnab.com/
a-WOOOOO-ga! a-WOOOOO-ga! Dive! Dive!
Power hour! :oD
The Russian construction company that we just acquired is quite interesting.
http://www.sttsnab.com/
“StroiTekhSnab” LLC is a construction company, provides a full range of construction works, from zero cycle to a full construction facility. The company was founded in 2013. Over the years, it implemented more than 200 projects. Limited Liability Company “StroiTekhSnab” have the right to enter into contracts for the implementation of the organization of works on construction, reconstruction and repair of capital construction projects. The high professional level of construction management, the use of innovative engineering solutions and construction technologies, experienced staff and modern material and technical base ensured the company’s success in the regional construction market and beyond, and its customers – high quality construction, compliance with established construction time and optimize the financial costs.
The annual turnover of the company:
On Dec. 31, 2014 is $7.380.952
On Dec. 2015 is $11.919.825
On June 30, 2016 is $15.637.365
Expected annual turnover of the company on Dec. 2016 is $18.500.000
It is expected in 2017 and the completion of the expansion, also for 2017 is discussed several large contracts and there are already reports of intentions.
THE MAIN STRATEGIC OBJECTIVES OF THE COMPANY:
Construction of objects of different purpose (residential, industrial, agricultural, administrative, commercial, public, etc.), including the execution of functions of general contractor; Installation of modern engineering systems, integrated security systems, fire protection, etc. including implementation of the functions of the general contractor; Installation of modern engineering systems, integrated security systems, fire protection and etc.
Perform general construction works (site preparation for construction, construction of foundations, floors, roofing, façade, insulation, finishing work, solid work, floor installation, assembling armor designs and metal, glazing units, etc.)
Despite not being a very long time in the construction market, “StroiTekhSnab” LLC over the years has gained a reputation as a reliable business partner, timely and fully carrying out all their obligation and to fully implement all its commitments. Individual approach to each client, we are flexible to the interests of each of our client and choose the optimal schemes of cooperation. The client receives the complete information support and practical assistance at every stage of construction from the collection of permits prior to the introduction of the object into operation.
CONSTRUCTION DEADLINES:
We carefully monitor the compliance with the timetable for the implementation of the construction works, since any delay is a rise in construction costs and disrupting investment plans of the customer. Timely delivery of object in operation is one of the most important tasks facing us, which is operated to perform all technical and organizational resources of the company, carried out a thorough planning of activities and the continuous monitoring of the progress of the construction work. Invariably quality of construction work is the most important challenge facing the company, which she successfully manages through the use of modern construction technology, high-quality materials, to attract a skilled workforce and strict quality control at every stage of construction.
Professional implementation of the general contractor. We have concentrated in our hands all the processes of management of the construction site. We have tried and tested management system, database performers of all types of work.
Ensure effective communication between the organizations involved in the construction. Efficient use of financial resources of the customer, achieved through the use of modern resources and energy-saving building technologies, high-performance construction machinery and to ensure supply of quality building materials from reliable suppliers with whom the company has business ties. Full and timely fulfillment of its contractual obligations. The implementation of each project shall be based on the production and technical capabilities of the company, involving the required number of sub-contractors and their own material and human resources. The company is responsible for the quality of construction works and construction deadlines.
Besides “StroiTekhSnab” LLC is engaged in retail and wholesale trade in building materials. Has the network of retail and wholesale trade in the construction of the Russian Federation markets. And also installs air-conditioning and ventilation. In August 2014 “StroiTekhSnab” LLC has entered into an alliance SRO, received the Certificate No 501.?01-214-7717758048-C-274. “StroiTekhSnab” LLC is a bona fide taxpayer, debts to the budget of all levels of taxes and fees do not have.
It is expected in 2017 and the completion of the expansion, also for 2017 is discussed several large contracts and there are already reports of intentions.
New Acquisition. DVME filed Supplemental Information on April 27th.
Supplemental Information
SUPPLEMENTAL INFORMATION
The Issuer announces that it has filed with and received approval from FINRA regarding the following corporate actions:
>>The company’s name has been changed from Diverse Media Group, Inc to Peerless Developments Ltd
>>The common stock has been reversed by a ratio of 4000:1
>>The CUSIP number is changed from 255090102 to 70549P105
>>The trading symbol will be changed from DVMED to PEDE effective in 20 days from April 25, 2017
These modifications result from the new acquisition that the Issuer has added to its core operations. It acquired StroiTekhSnab LLC (www.sttsnab.com) which specializes in construction of residential properties and medium size commercial buildings. This firm is also most active in the distribution of construction equipment and supplies in Eastern Europe..
StroiTekhSnab LLC
DVMED
I think you make some good points. I don't agree that this is a scam company. But Mr. Long did say that we would be updated on the Mobeego default that was incurred under the previous CEO, and we need to hear about that. From what we have heard it seems clear that Mobeego is still ours and plans are to expand. I'm sure your figures on the number of Life Clips employees doesn't include Mobeego employees. And as you say the LCLP website is still down. The Mobeego website is still up, however, and has been updated to show Life Clip at its new address since the management change.
I found the recent volume surge exciting, but haven't been too worried about the up and down of the pps recently as I guess I view this more in the long term. Time will tell.
Isn't it amazing, Bishop. This one was being given up for dead, and suddenly it's rising up off the gurney and making big plans for the future. :0D
I won't comment on your post except to say that it has nothing to do with what we were talking about. We were discussing your contention that pink sheet stocks like this one that report are no different from pink sheet stocks that do not report. Which of course is nonsense.
I am too, X-ray, and am hopeful of really good things to come.
Thanks!
In recent months Life Clips dropped Bob Gruder and Wayne Thomas, dropped the cameras, received back and retired the 27.6 million shares that it had given Gruder, picked up a new CEO, expanded in to the Global Sourcing market, signed a five-year agreement with Textiss USA, and expanded Mobeego into the Japanese market, while keeping its SEC reporting status current and gaining a five-star rating from Morningstar.
EDIT:
....and as of today Life Clips secured a commitment for an investment of $450,000 from existing investors for general operating expenses and growth capital to fund the expansion of its sourcing operations and sales and marketing capability in the United States and international markets, as well as acquisitions.
The news can be read here.
NEWS out today - Global Sourcing Provider Life Clips Secures Commitment for $450,000 Investment
AVENTURA, FLORIDA--(Marketwired - Apr 25, 2017) - Life Clips, Inc. (OTCQB:LCLP) (the "Company") a designer and seller of mobile accessories, and provider of global sourcing and sales and marketing services, announced today that it has secured a commitment for an investment of $450,000 from existing investors. The investment is for general operating expenses and growth capital to fund the expansion of its sourcing operations and sales and marketing capability in the United States and international markets, as well as acquisitions.
Life Clips is transitioning to become a service provider specializing in end to end product development, factory sourcing and negotiations, factory production management, total logistics management and PO financing. We are also expanding into multi-channel sales and marketing services. Our primary focus moving forward will be to focus on importing and exporting products to sell globally, including the US, China, Europe, Mexico, Central America, South America and Canada. We are currently performing this service for our customers and plan to leverage these capabilities for our own products.
Huey Long, Life Clips President and Chief Executive Officer, said "We are grateful to our investors for showing enthusiasm for our new business plan. We look forward over the next few months in expanding our Mobeego products as well as our new Global Sourcing Services and Sales and Marketing Services."
https://www.otcmarkets.com/stock/LCLP/news/Global-Sourcing-Provider-Life-Clips-Secures-Commitment-for--450-000-Investment?id=156971&b=y
The point you made which I have addressed states, when boiled down to its essence, that DVMED's reporting status does not matter, neither to brokerages nor to the market. That is not correct. Therefore the logic that brings one to that conclusion is flawed.
In recent months Life Clips dropped Bob Gruder and Wayne Thomas, dropped the cameras, received back and retired the 27.6 million shares that it had given Gruder, picked up a new CEO, expanded in to the Global Sourcing market, signed a five-year agreement with Textiss USA, and expanded Mobeego into the Japanese market, while keeping its SEC reporting status current and gaining a five-star rating from Morningstar.
The news can be read here.
Glad to see the direction the company has taken.
Nice to see.
Nice!
DVMED's reporting status on OTC Markets is "Pink Current Information". To say that this is of no value, and no different than "Pink No Information" or "Delinquent" of course defies logic. It is the equivalent of saying that there is no difference between those reporting statuses, or that OTC Markets assigns statuses frivolously. It requires extraordinary leaps of logic such as your assertion that a respected brokerage such as Fidelity should be investigated by the SEC for recognizing the differences between these statuses. Obviously that is not the case.
Check the filings.
Just a simple statement of fact. Fidelity is a very respected brokerage, and they treat Pink Sheet stocks such as DVME that report differently than those that do not report. They put limits on stocks that don't report, but not on DVME. So reporting makes a very real and practical difference. Plus of course OTCMarkets lists DVME as "Pink Current Information", which is a far cry from "Delinquent".
As I say, Fidelity does not consider Pink Sheet stocks "Current" status to be bogus. Fidelity will not allow online buys of Pink Sheet stocks that do not have "Current" status. But they do allow online buys for DVME and any Pink Sheet stocks that have "Current" status. So current status makes a big difference to Fidelity - the difference between allowing online buys of Pink Sheet stocks, and not allowing it. If Fidelity thought that the filing with OTCM is "bogus", as you put it, they would treat stocks like DVME the same as Pink Sheet stocks that don't report.
Same here. And today's news is very encouraging indeed. I've visited Japan, and my sister taught there for two years. Culturally speaking, when something begins to catch on there, everyone picks it up very quickly. This could happen with Mobeego.
Fidelity Investments doesn't regard Pink Sheet stocks with "Current" filing status as bogus. Fidelity doesn't allow purchases of Pink Sheet stocks that are not current and provide no filing information. But it does allow buys of DVME and other current Pink Sheet stocks. I believe the same is true of other brokerages as well.
dvme is not a sec filer and 'filing' to be 'current' with the OTCM is totally bogus.
To take your example:
Pre reverse split:
40,000,000 shares @ .0001 per share = $4,000.00
Post 1:4000 reverse split:
40,000,000 shares ÷ 4,000 = 10,000 shares post R/S
Pre R/S share price of $0.0001 x 4,000 = post R/S share price of $0.40
10,000 shares x $0.40 = $4,000.00
So the stock price initially after the reverse split is $0.40 per share, and the stockholder's market value is initially the same as before the R/S.
Same here, RZN.
I got into this one as a lotto as well. Who knows?
That would be very interesting indeed.
One would think there must be some reason that they went current last year.
DVME filings
I'm very encouraged by the company's new direction. I think the long-term prospects are definitely looking up.
Bob has been gone since January 12th. New CEO. Things are looking up. Morningstar has rated LCLP five stars.
Company Profile
Company News
SEC Filings
Thanks for posting that news, Notabadguy. Very encouraging! I've reposted it so I could sticky it.
Life Clips, Inc. Signs Distribution Agreement to Market and Sell Mobeego Products in Fast-Growing Japanese Market
AVENTURA, FLORIDA--(Marketwired - Apr 24, 2017) - Life Clips, Inc. (OTCQB:LCLP) (the "Company") a designer and seller of mobile accessories, and provider of global sourcing and sales and marketing services, announced today that it has entered into a royalty free, non-exclusive one-year contract with a distributor (the "Distributor") to sell Mobeego products in Japan. The contract grants the Distributor the non-transferable right to promote, market and resell Mobeego products and will be automatically renewed for one additional year, provided the Distributor has performed all of its commitments and obligations. The terms of the contract require the Distributor to pay 50% of each accepted order in advance and 50% on delivery.
There were over 55 Million smartphone users in Japan at the end of 2016. According to an October 3, 2016 report published by Allied Market Research, the global mobile phone accessories market is expected to reach $107.3 billion by 2022. Market growth is expected to be boosted by the rise in sales of smartphones and increase in Internet penetration, popularity of apps, social networking websites, and customers increasing need for convenience, which can be delivered with mobile accessories such as power banks, headphones and cases and other accessories.
Huey Long, Life Clips President and Chief Executive Officer, said, "We are proud to enter the Japanese market where commuting is a daily way of life for people going to work, school and performing other activities. Even children in the early grades of elementary school commute." Mr. Long continued, "Accessing a place to charge your Smartphone can be a challenge and Mobeego is a solution to the problem. Our Mobeego one time use charger is an affordable single use, cordless battery that provides an instant shot of power for smartphones so our customers can stay mobile whenever and wherever they go. Once the battery is depleted, it can be recycled, or disposed of, and the user can simply buy a replacement battery.
http://www.otcmarkets.com/stock/LCLP/news/Life-Clips--Inc--Signs-Distribution-Agreement-to-Market-and-Sell-Mobeego-Products-in-Fast-Growing-Japanese-Market?id=156791&b=y
I do too, Bishop!
Hey, how about that. Yes they can!
They can't even bring their own goods to market.
This company has no real product available. All promises. Nothing legit in the works.
NEWS: Life Clips, Inc. Signs Five-Year Sales and Marketing Contract with Textiss USA
https://www.otcmarkets.com/stock/LCLP/news/Life-Clips--Inc--Signs-Five-Year-Sales-and-Marketing-Contract-with-Textiss-USA?id=156447&b=y
AVENTURA, FLORIDA--(Marketwired - Apr 20, 2017) - Life Clips, Inc. (OTCQB:LCLP) (the "Company") a designer and seller of mobile accessories, and provider of global sourcing and sales and marketing services, announced today that it has entered into a five-year contract to provide global sales and marketing to Textiss USA (Textiss) for its Crazyboxer line. Textiss is a global leader in the textile and garment industry with a specialization in the design, production, and distribution of underwear. With worldwide distribution in over 26 countries, a catalog encompassing 15 brands, and nearly 30 underwear licenses including such renowned brands as Marvel, Star Wars, Transformers, The Simpsons, DC Comics and many more. Over the five-year contract, the Company will provide worldwide multi-channel retail sales and marketing to Textiss for the following accounts: Costco, HSN, Sam's Club, Wal-Mart, Target, Nordstrom's Rack, Amazon.com, Walmart.com, Jet.com, Boxed.com, Costco.com, Samsclub.com, Target.com, Zappos.com and Nordstrom.com.
Travis Hoyt, Director of Operations for Textiss USA, said "We are very excited to be working with the team at Life Clips to help grow our brand's e-commerce distribution as well as to broaden our retail footprint across America. Life Clips, through their vast contact network and extensive knowledge of the retail environment, have a proven track record of maximizing brands' retail potential." Mr. Hoyt continued, "The Crazyboxer line is on the cutting edge of the novelty sublimated underwear market and with the support and guidance of the Life Clips sales professionals the brand will have even more momentum going into the future."
Huey Long, CEO of Life Clips, said "We are happy to be working with Textiss leveraging our team's years of experience in multi-channel sales and marketing as part of our new services offering. The Crazy Boxer brand is unique and exciting and we look forward to many years of success."
Life Clips and Textiss will have the option to extend the initial five-year term for additional periods of one-year each at the end of the Initial Term or any Renewal Term.
Yet it's current, it has a product, it's on the OTCQB, and it's rated five stars.
An R/S on a stock that has only 79,370,345 shares outstanding? Uh uh.
https://www.otcmarkets.com/stock/LCLP/profile
Her campaign has been targeted by the opposition.