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Maybe just games. Shaking the tree. Bid support is coming up now.
Here is some real dd. Authorized 250 mil outstanding 150. If there is any dilution there's not much left. My opinion, this is a small profit taking opportunity as it's been up from other lows. Did any of you read how many shares they had to issue and when they can convert after 1 year? I know the ones who are holding did.
Next the market value is about 750k. The property is valued at 1.3 million. Do the math. It's undervalued.
Not a good sign when huge wall of 3s to topple and only a few 2s until 1s available.
I'm glad it's going down. Gives me a chance to get in at decent price. They are taking profits, this will go back up.
Michery is a salesman. His job is to tell investors something to buy shares, even if what he says is a flat out lie. That's just part of the game. My opinion, there is no news, no financial update and no huge run up, just dilution. 16 million diluted Friday, more to come.
Zero interest in being a bag holder. Michery just diluted 16 million Friday. This will hit 1 again very soon.
Sure looks that way. I've called the TA for a share structure update and will update it here as soon as I know anything. Still no response from company.
I bet 16 million @ 0002 was a dilution hit. Nobody buys that many shares and turns around and sells it at 2. Easy sign.
Sure is quiet here. Maybe because this is a scam. Or it could be because the ask is lining up on level 2 and is no longer thin.
I've called them, the voicemail doesn't give a name, just to leave a message.
I've sent an email but I'm not holding my breath. This company has scam written all over it.
On the positive side there been no dilution since symbol change and no mm diluters listed in level 2.
I've seen bigger scams, but not many. It's definitely up there.
Mullen is NOT Pmcm. Doesn't matter that CEO is the same. Michery handles both completely different. He may have written off PMCM and may even dilute shares to fund Mullen. No way to know if he's merging the two. Only an insider can know how well Mullen is doing, he could have zero revenue. Jmo.
No boom here just dilution back to 0001.
This company is in bad shape. Michery will start diluting shares to fund Mullen
$XFLS. This is very thin to .23. Current price .09, strong support, just needs a little more action.
This stock is very thin up to .23 just a few at 9 and 10 need taken out.
David will use shares from here to fund Mullen. Dilution coming soon.
Can you provide a link or reference from TA other than email provided in sticky?
I called Rich today and he says they can't give it out. How is it that Rich was able to provide you with the SS and not me?
TA says they can't give that out to anyone unless that person works for PMCM.
As of today, Outstanding shares structure for Pmcm is 1.7 billion outstanding and float is 1.5 billion with 2 billion authorized.
Pmcm going through heavy dilution.
09 still getting some slaps. Would love to see more of those hits. I will be calling to get an idea of what's going on.
I have emailed twice, no response
Why is bid going up? Very odd for a scam at these levels.
All stocks come with risk of loss. I felt 50 was enough to initially invest in this. If it did well then I would add. I'd rather find hidden gems than hunt for flippers. This turned out to be a dud after the RS, but the strong bid support has me puzzled.
To help answer your question, I'm not adding here unless I see major improvement of PRs pps and some other evidence that this isn't a scam. A working website and functioning phone number is a great start.
What I invested here is not really relevant to the board. I just posted that as a courtesy so no need to bash. Stick to the topics which is XFLS and Converde.
It will be interesting to know what David does with Mullen. I know the entertainment business is hell and is what Pmcm went through for a while.
His did poorly manage pmcm through the 2014 mj boom which a lot of stocks did. He put his PRs out and diluted right into them and then the result of a RS and back at trips. So it's no wonder why the pps is at bottom.
Regardless of what Michery does, trip stocks run from time to time. The real question is will he let it run without diluting into a run.
I think I only spent 50 on this. Many penny stocks are garbage and this is showing to be no exception. I am watching the chart on this though as there is some bid interest that may allow a reasonable exit.
Riddle me this. How was I able to show two different photos, both David Michery and absolutely two different people? One black and one white guy.
You're right about the DD being easy. Mines a whole lot easier.
I never said when I called. And notice the stickie was taken down to after it was proven a lie.
Called David of Mullen and he states he is not the same person at PRIMCO. There's your DD.
David Michery of Mullen
http://www.mullenusa.com/electric-vehicle-manufacturer-mullen-technologies-inc-gearing-up-to-compete-with-tesla-and-faraday-future-with-expanding-group-of-experts/
David Michery of PRIMCO
http://www.thisis50.com/m/blogpost?id=784568%3ABlogPost%3A29164160
My DD shows factual evidence of two different people. Irrefutable evidence.
It was 50k yesterday it dropped off.
It was 50k yesterday it dropped off.
Yep. The bid and ask spread is way too wide. If the bid support comes up, then upward movement would continue. I think a better bid level would be .90
2s support is good. As long as there are no dilution whacks, and some 3s get slapped may see some movement from this scam stock.
My DD supports dilution. Charts show dilution. 1s will be available soon and any bagholders can average down and try to flip for twos or hold for a run. It's very possible PMCM will do a few rises and falls just from people pumping this. It's also very possible Michery will dilute this down to no bid and RS as he has done in the past. Jmho.
Please provide hard factual visual proof that there has between no change since January 1st. These are very important points as you are saying then as fact and not your opinion. If you're just saying this as an opinion, then fine, clarify your response.
Fact: pps getting bumped down every time 2s get bought. There are not that many holding at 2, which means they would be holding for 3 and not turning around and selling their own 2s. Some maybe, but the fact is for several years Michery is diluting another failed venture. This has been proven by many who have followed this for years like myself.
Sure seems that way, especially when CEO used another company's website as his own on Bloomberg. I've sent an email to Bloomberg about the mishap but haven't received a response yet.
Only one who could possibly make such a statement is the actual TA. There has been TONS of dilution since the last split and there is PLENTY of DD to support this. And still 1.4 billion authorized left to dilute.
Ihub and several other very well known brokers have reported last share structure was 15 million. Prove me wrong. You can click on ihub more financials for Pmcm and see this.
You say no dilution but last outstanding was 15 million, and now you say 597 million outstanding. Sure sounds like some were diluted to me.