Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
No...they are the ones who bought on good faith that the company was honest with the dates. Many have been screwed, and they are justifiably upset.
The tag line of honesty, integrity and transparency has no meaning. The company bought the venom on themselves.
Wow! Not gonna be pretty if they lose in Texas coupled with another huge A/S increase!
Speaking of Texas, i would like to see a copy of the promissory note Peter signed. Chances are there was an out clause which kicked in if certain conditions were not met by Peter. If so, quang was in his rights. It was a poor choice by Peter to sign that without also getting a signed deal from Quang for the 4 mil investment. A signed contract trumps a verbal contract.
It was also a poor decision on his part to not hire an actual attorney at the beginning of this case.
Poorly managed company.
Is turner a witness in Texas?
If he's not a witness, I apologize, but it was my understanding that he is, and therefore would be privy.
How so? Attorneys and clients are privy to motions filed in a suit. I would presume the same is true for material witnesses as well.
Perhaps, but the involved players are always going to have more info than an average investor. Sounds like one the attorneys shared info.
Nervous times for longs...
I find this very interesting.
How many creditors are there??
Yep. I think everyone should buy buy buy and help Peter to survive another day.
When he's gone I'll miss the comic relief.
LOL!!
New regime, same BS.
...fish rots at the head first.
Exactly.
Simple...the theory is..."You can't handle the truth!!"
Seriously, I've witnessed shareholders berated, belittled, and chastised for asking relatively benign questions by longs appointed as mods.
It is interesting though, that the vast majority of posters over there are the same half dozen or so longs.
Apparently they have their marching orders??
Lol!
Taking to task?? The company has no problems taking investor money, has a long history of false pr's, and has no issues whatsoever diluting the hell of the stock... yet...asking questions is "taking them to task"??
Guess I was shorted when it comes to the blind faith gene. Wow.
Yep. Red tide part 2.
The things change, the more they stay the same.
Define "good"...
Declining pps, multiple A/S increases, no verified revenue...
Was a great flipping stock, but now it trades in such a narrow price channel, it's hard to even say that.
I know they said no RS, but do they really have a choice??
I tend to be a bit more pragmatic with my investments.
They are either making me money, or they are costing me money. After all, aren't we all here to MAKE money?
When one of my investments is losing money, I always examine what's going on, and determine if a change in strategy is required.
Sometimes, the change is just dumping and moving on, and other times I need to average down, and other times, if the charts and overall trading action supports it, I flip. Marrying a penny stock is playing with fire.
Theory is, a modest short term gain is infinitely better than a long term loss.
I recognized this equity as a flip only months ago. IMHO, it will remain so until the company supports longer term plays with verifiable revenue. Too much baggage from past regimes.
My gut feeling is that many longs are in to deep, and that has created an investment strategy of hoping and praying. I wish everyone well here, but the odds of this strategy succeeding are a bit much for my investment taste.
Ultimately, the one common denominator is the CEO. He's the common thread. Business leaders are, and should be judged partly on the their hiring skills, so the buck really does stop on peters desk. Not saying Jason isn't doing a good job, but we don't yet know.
What's holding this down is no apparent revs...which could change when we see updated financials. Lots of possibilities, but nothing verified.
Until then, it's stuck in very narrow channel.
There is doubt.
Past history suggests doubt. I don't know if it's legit or not, but as previously stated, this can eradicated in moments.
Substantiating the legitimacy of a supposed existing contract would take less than 1 minute to compose and post on their forum. This isn't asking for new info.
It's important, and should be addressed.
Could be, but it's a huge development which warrants a company rebuttal.
I saw that also.
I was also hoping for a TANKE update. This was supposed to be an 800k contract with residuals. Last week we saw a trusted poster post an email from tanke stating it was dead. Company needs to respond. If its dead, where are the revs coming from?
All this IR stuff is fine, however, it takes ongoing revenue for a business to exist.
Silence is not golden.
Bingo.
If the goal of the company is to further polarize investors, they are doing a good job.
They can clear this up by posting a statement of clarification on their forum.
Agree 100%.
Seems to be a lot confusion how the certs will be received. Mail or direct deposit.
I assume the company knows which is correct, so couldn't they save a lot of grief and post an explanation on the PVEC forum??
Enlighten me. What parts of this statement are incorrect?
"Scottrade is misinformed. Preferred shares are not publicly tradable. They will not "show up" in your account.
From what I understand, PVEC claims it will be sending paper certificates to shareholders of record as of 3/14/14, most likely to the address shown on the NOBO list maintained by the TA, which would be the address registered with your broker. "
The company stated the certs will be mailed, therefore will not just show up in your account. Preferred shares are not publicly tradable.
The above seems like a reasonable interpretation to me...
Forget about all this, been through this before with red tide. I want to hear about core business revs, (although im not sure what their core business is) not elaborate plans to sell shares. We can start with an explanation on TANKE, which is now possibly gone. When will we hear the real story?
As I wasn't blessed with your blind faith, I prefer facts...
With all this money coming in, perhaps Peter should also go back and gift all of us waiting on the red tide divy.
Brings back memories of red tide. Same posts.
They can start by clarifying TANKE.
Is it on or off??????
Sure looks to be off based upon what was posted yesterday.
If that's how it's done, then that's a very basic variable data digital print project.
Simple formula tied into a database of shareholders. Total time to print, insert into pre addresses envelope, seal and postal drop is less than one day.
My company does projects such as this everyday.
....go to www.tankeinc.com
Ph appears to be routed through china.
You know this as fact, or are you just throwing it out there?
I'm not defending turner, but that's quite a claim, and if false has defamation written all over it.
Perhaps. However, the infrastructure required to pull this off is becoming massive.
We will see if its attainable...for everyone's I hope he can succeed.
The economic premise of future value of money is in play here.
Everyday your investment is tied up waiting, equates to lost revenue on other investments.
Longs are losing 2 ways...on initial investment, and on lost opportunities waiting on his plan.
So Peter goes from ocean cruise ships, to developing clean water tech (which apparently never happened), to a travel agency to renting limos??
A limo service??????
Surprised??
Nah....the real winners are the investors who timed their flips properly.
Textbook flippers stock for the last 7 months. Lol...it's become cottage industry.
Very well could be, but I was taking info from the court document.
Also, based on jones firm withdrawal for non-payment, it's a logical assumption.
You're telling me it was immaterial that no representation from PVEC was in attendance...the judgement was awarded based on the merits of the case?