Seeking honesty and profit in business
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Review the Quang Meredith case in Texas for more information.
Not disagreeing, but where does it say they have any money what-so-ever....just debts, judgments, defaulted loans, unfulfilled PR's, etc etc.
RE: PVEC and David W Turner
Thanks for the PR. There is more information if you log in direct. I am not interested in anyway in starting a cruise line. However, I am interested in opportunities to raise capital for start-ups.
Thus, my relationship with Peter when I raised $200,000 for him in a couple of days when no one in the world would give him a nickle. Unfortunately, Peter is dishonest and misrepresented to the lender. He did not honor his contracts..his Corporate and personal signature if not worth the paper it is printed on. I consider him a true sociopath without any remorse in who he takes advantage of and whom he hurts.
I personally have received many "thank you" from Ihubers who have not been "left holding the bag", by taking my advice early on.
Is today going to be another day of "No Bid"?
LOL, no PVEC is not even on the radar for Carnival.
No, PVEC's asset is held in escrow by the Port. We still need first party confirmation that the deposit was actually made to the Port. We currently only have a secondary source as reported in a single local newspaper article.
LOL, the history of this Company does not support your hypothesis.
Ya, $2,619 was traded today.
Doesn't sound like a hot stock to me. Rather, a "has been" stock with little interest.
Don't you think people have wised up to the stock?
To much history, to many unfulfilled PR's, where's the certs, etc etc etc
RE: Texas Case
Read the promissory note, it allows collection costs of customary 30%, attorney fees, court costs, and also interest. Nothing has been changed that Peter did not agree to in the Promissory Note.If anything, Quang (the plaintiff) should be asking for more money in the judgment.
A summary judgment, by definition, is not a trial. It is rather a ruling by the Judge on the merits of the case, without trial. As you pointed out in your post....a Request for Hearing...is not a Trial. A Hearing is to the Judge only.
RE: Texas Case
The judge has a Request for Summary Judgment without trial. Also trial is set as you stated to begin shortly. Sounds like Peter, personally, and PVEC, are going to be held accountable. Cannot believe that Peter does not have an attorney due to non-payment. The Judge in Texas will not like Peter's actions. Remember , the courts in Texas don't fool around like the ones in Florida.
Even with that comment, please note that Larry Sazant, former PVEC Director, was able to get a judgment in Florida.
RE: $50,000 deposit
Plan to confirm tomorrow with Port of Palm Beach that deposit was received under the Florida Sunshine Laws disclosure requirements. Sometimes, Sun-Sentinel, gets it wrong. Just want to confirm with the source.
Also, you will note that I said originally that if a deposit was made, the creditors will seek to seize this asset. I believe the creditors have already started this process via their attorneys.
Be careful, be very very careful.
Milan Saha has a virtual office and not much else.
IMO, not much of an attorney, especially since he doesn't return any request for communications.
Peter's Texas Attorney Petitions Court for Withdrawal , PVEC is Limited Pink
Another attorney who wasn't paid...let's see that make eight or nine now. Remember, this is both a personal suit against Peter Villiotis and PV Enterprises for $200,000. Plaintiff has petitioned court for no trial and a summary judgment. It will probably be granted.
If this is approved, Company and Peter (personally)will be on the lamb for near a half million dollars. Three judgments and creditors can petition for involuntary bankruptcy. There are three judgement creditors now ready to do it.
Creditors have also read article about $50,000 and are discussing how they can seize this asset since they have judgments.
It is not going to be pretty...don't get holding the bag.
This is a notification of service for the filing listed. Please click the link below to retrieve the submitted document.
Filing Details
Case Number DC-13-02759
Case Style QUANG MERIDETH vs. PV ENTERPRISES INC, et al
Date/Time Submitted 10/1/2014 4:52:33 PM
Filing Type Proposed Order
Filed By Jessica Hayes
Service Contacts QUANG MERIDETH:
Quang Merideth (quang@ygi-international.com)
Judy Brown (judyloubrown@gmail.com)
PV ENTERPRISES INC:
PATRICK POWERS (patrick@powerstaylor.com)
Patrick Powers (patrick@powerstaylor.com)
PANAGIOTIS PETER VILLIOTIS:
Peter Villiotis (pvilliotis@pvefl.com)
Document Details
File Stamped Copy https://efile.txcourts.gov/ViewServiceDocuments.aspx?SID=7db6edc1-a8bf-487c-88e2-47d91e17d90a&RID=1c3fcff2-24b0-4673-b62e-51fa0e7a67b5
This link is active for 7 days.
You are correct, the "Stop Sign" will appear shortly if the Annual Report filing is not made. It does show today "Limited Reporting" as you pointed out. That is my understanding.
If you read my posting carefully, I said "I believe they will go to Stop Sign". I did not say they had a Stop Sign today.
A "Stop Sign" still allows trading, but most studies show that the price drops significantly.
In PVEC's case, the price is already at record lows and many days is "no bid"...so the effect will be negligible. Just more investor lack of information.
I believe they go to "Stop Sign" and "Limited Pink" reporting status.
Cassandra may be able to answer this question better, as I have only been involved in my career with honest solid companies and am not that familiar when you deal with cesspool type companies and these reporting problems.
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QUESTION - Isn't Annual Report due tomorrow?
PVEC's fiscal year end is June 30th. Isn't an Annual Report to FINRA (similar to the SEC's 10K) due 90 days after year end. I also believe the tax return is due 75 days after the year end (Sept 15).
Did PVEC file their tax return by Sept 15? I wonder what the penalty for non-filing will be. Maybe the new CFO can respond if someone is in communication with him.
Does PVEC plan to file their annual return by tomorrow
(Sept 30)?
If they do not file their Annual Report tomorrow, does FINRA change the reporting status from "full reporting" to "limited reporting"?
This could be bad news for the investment community and may make this stock more days of no bid?
I would be interested in confirmation of the above questions.
Still no PR regarding Port of Palm Beach negotiations and the payment of of $50,000.
Still no further information about the "gift" certs and selected people still not receiving theirs.
A Reverse Split looks more likely than ever IMO.
The true issues are no bid, record low prices, misleading newspaper articles, false PR's, incompetent and dishonest management and CEO, predictable REVERSE SPLIT, unpaid debts, and loss of millions in investor value.
Unfortunately, the debts have not been cleared and lawsuits are progressing. The only debt that I know that has been settled are the discounted security shares that were provided as collateral for loans from the money makers, than defaulted, and this was the method of diluting the billions of shares on the market. IMO, all pre-planned.
It diluted all previous shareholders...that is why this stock is worthless.
It is near the end of day for Friday bank transactions...interesting no PR as Milan Saha, the SEC attorney had alluded to according to one poster's representation, the new CFO had made public representations in the press (bet the SEC will be interested in those). Maybe a PR this weekend...but I would not hold my breath since banking time for Friday has expired.
Shall we say the REVERSE SPLIT is the only hope for this company; but at the further expense of its current shareholders.
Not much interest in the stock today...same price, but only $19,890 cash value bought and sold...guess a few shareholders bailed while still given a chance...better one dollar than no dollar.
Friday, put up or shut up time for Peter.
But it truly does not matter, since a reverse split is in the works as the only solution to the massive dilution of billions of shares. This stock will be completely worthless post the reverse split.
This is a very risky stock and very strong potential for losing any investment in such stock.
A REVERSE SPLIT, is the only solution for the massive dilution to billions of shares. Let's not forget, even with speculation price increase, the stock will be worthless.
A reverse split will make your completely worthless.
Not one update or PR has proven factual in the last three years. History is repeating itself. The only people promoting this stock/ scam are bag holders looking to bail out
Be careful, be very very careful.
If this was a good investment...bag holders would be very quiet and hold their investment rather than promoting on unproven notice of possible negotiations from a Port. Subject to Florida Sunshine Laws and disclosure requirements. The Port has called Peter's bluff and asked for $50,000 upfront and another $1,000,000 in the bank. This Port usually does not require any upfront fees just to talk and negotiate. Wonder what the Port knows that posters on this board have not came to realization about.
Look at my Pitch that has been posted for over a year. Discount 100% any PR (PVEC has not issued any PR since I believe they are running scared of the SEC), and further discount any future dated negotiations that are not concrete. The proof of the news releases from the Port of Palm Beach is that for $50,000 upfront fees, they will talk to Peter. When was the last time you had to pay $50,000 just to talk to a Port marketing person? Unbelievable. Talk about one's reputation affecting their business communications.
Look at the massive dilution of the billions of non-voting shares issued in the past two years. Look at the massive decline in price of the stock under Peter's management. The only solution is a reverse split. This is not the time to risk any money on the verge of a reverse split. What will your stock be worth than....nothing IMO.
The stock has been no bid recently...and that is where it should be until concrete contracts and revenues are realized. Has any revenues been reported from the travel agency? Has any profit been made? Have legal and accounting professionals been retained and stayed any significant time? Seven attorneys is three years and as many accounting professionals. Even the Company information has updated information regarding their CPA and CFO. The CPA listed is from the prior management/owners from three years ago and the CFO resigned at least nine months ago.
Nothing from this Company is reliable and is just vapor ware and smoke and mirrors IMO.
The news is old and has been in the public arena for some time. Sorry the investors did not know...I did. Guess I did better research since I was the one first to report it here on my message #130034. Look it up.
I guess I was the one that first brought to the attention of this blog the Port of Palm Beach....one is in the know in other words.
LOL ... just proves one's credibility.
Port of Palm Beach is a public entity and subject to Florida Sunshine Laws. No need to "leak" information...just call and ask under Florida Sunshine Laws....full disclosure. LOL
The Port called Peter's bluff ... put up or shut up... LOL. Let's see the money and the creditor's will freeze it.
The Port is not going to protect that asset.
One's karma always follows a dishonest person like Peter.
Old news ... known about this for days now...also the Port knows of Peter's history and credit problems. I do not believe this will go anywhere.
I have been in negotiations with this Port (for SeaEscape and merger with Palm Beach Cruises) and the Port officials are not stupid. They have been burned before and have seen someone like Peter before. That is why I think they called his bluff.
I sincerely hope he has the money by Friday...a lot of creditors want to freeze his assets.
The creditors have had these articles for days now...they are preparing.
Talk to Larry Sazant for his $200,000 judgement. Also talk to Quang for his $200,000. Glad you mentioned the smaller ones... Also talk to all the notes receivable....all will make a claim. It only takes one to freeze the assets. One can freeze the assets for just a $5,000 claim. LOL.
The judgment liens and creditors are a matter of public record and have been posted on the board many times....look up my old postings.
If any assets are proven, they will be seized. The creditors have been informed of the requested proof of assets and the party requesting is a "public record" government group. Talk about transparency and Peter stepping in dog droppings....he just keeps digger a bigger hole for himself and others.
If this is not discriminatory and illegal, treating one shareholder differently than another, than I do not know what is illegal.
If Peter gave his personal shares as a gift...that is one thing.
But these so called gifts were distributed from PVEC company assets. There is a fiduciary duty of the officers to protect the assets of the company, for the benefit of all shareholders who have equal rights. and IMO they (Martha and Peter) have violated that fiduciary duty.
Think about it, a "black listed" shareholder is funding this "gift" for a select few shareholders.
Another question, did Peter and Martha received these "gift" shares. Talk about self dealing!!!
Do I smell a class action lawsuit?
There has been an article in the paper about PVEC's plans...but it appears the other party called Peter's and the new CFO's bluff and asked for proof of money...$50,000 down and proof of $1,000,000 in the bank by this Friday. IMO, they will not be able to prove such.
If PVEC is able to prove this...I am sure those assets will be immediately seized by the creditors with judgments on file. Most creditors have already been informed on the requested proof.
What can I say, Peter is still "spinning" his imaginary stories but to a new audience and new CFO / attorney, IMO.
I feel sorry for Milan Saha....left his old law firm under a cloud, a virtual office, and an inheritor of a legal position that so many other attorneys abandoned when they did not get paid and were asked to do possible unethical actions. I wonder when and if he will wise up.
Also feel sorry for Martha. But one is responsible for one's actions....they are adults.
LOL - PVEC only has to come up with $50,000 deposit by this Friday and prove they have $1,000,000 in their bank account. Tall order for the company that cannot pay its debts for the past three years with multiple judgments, etc.
I guess PVEC believes that judgements and debtors, with their court orders, cannot seize assets if any exist.
LOL.
Anyone know the current CFO, Athanasios Sousourgiannis? Sounds like someone has called both Peter's and Athanasios's bluff big time this time. We won't have to wait long for the reveal...since the money must be proved by this Friday.
LOL ...by the way... Texas case is now in front of the Judge for a default summary judgment for the $200,000 against PEter and PVEC. Expect that news any day also....
I guess attorney Sahas still better have professional liabilty insurance in place also.
Seaam has never owned a single share of this scam stock....he took his own advice. He only warned potential investors of the lies of the management and promoters. Probably the same can be said of Cassandra.
Admittedly, P&D guys don't like the truth being told....since their game is called for what it is.
For investors that feel they have a claim against the company,
PVEC, or its officers and attorneys. Several of you contacted me and asked for my opinion.
* Martha has an expensive home in South Florida near Doral Country Club and she is a current officer.
* SEC Attorney, Milan Saha, in NYC has professional liability insurance.
* Kerry has an expensive home in the Washington DC suburbs.
* Jason has assets.
* Company has bank accounts in Dania Beach Citicorp.
* Peter has made transfers to unidentified off shore accounts, as per former controller and lives in Halendale, FL.
I would suggest suing everyone and all on one lawsuit....Peter (personally), PVEC, , Jason, Martha, and Milan...get a judgement for your losses and let those five fight it out among themselves.
Yes, I believe she is MARLA GOMEZ-OROZCO, the registered Officer/Secretary of PV Enterprises International, Inc.
I believe Martha is MARLA GOMEZ-OROZCO, the registered Secretary/Officer of PV Enterprises International, Inc. in Nevada.
She should have left this company a long time ago. She is exposed, in my opinion, to possible legal implication as an accessory before, during and after fact for fraud.I believe her personal assets are at risk.
I wonder if Martha can be considered an accessary to fraud before/during/ and after the fact?
She has certainly made a lot of false statements to many investors.
So the other promissory note owed by PVEC for $750,000 is still pending....I wonder if Sazant is going to make that claim in court sometime in the future. I bet Sazant is not going to write off that $750,000; he will go for it I bet in the near future.
I was there June and July, but only acted as acting CFO for two weeks at the end of July...and no confidentiality agreement was required to be signed.