is...lurking around the corner
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Do we really need to continually revisit the same things? For the very last time on this issue:
1. Management of the company are not allowed to sell more than 1% of their company within any 90 day period.
2. Omar is still President.
3. Since Omar is still president, he is excluded from selling more than 1% per quarter, which is less than 4% per year, and he must file with the SEC to sell.
You seem to know where every single PPBL filing is found, do you see anything that indicates that Omar has sold anything? It would be a public filing.
I dont work for the company and I have the same insight. Why do we have this insight you may ask???
BECAUSE WE CALL AND FIND OUT WHAT IS GOING ON.
Now, the original question is would you like an invite to the conference call?
Selling seems to have subsided. True bottoms can only be "called" when they are over, so that is not my intention here.
I know that the company has been working diligently on repairing the mistakes of the past, and sometimes that takes a while.
Remember, that the person who is in charge of debt is:
Chris Giordano:
President
Birchwood Distressed Assets Fund
(Venture Capital & Private Equity industry)
March 1991 — September 1998 (7 years 7 months)
Responsible for the fund's management of Bankruptcy Cases as well as Corporate Restructurings.
President
Bright Ideas Funding Group, LLC
(Capital Markets industry)
October 1991 — Present (18 years 11 months)
Bright Ideas Funding Group, LLC was formed to help the early stage company thru the financing of a product launches instead of financing business plans. This is accomplished thru the formation of joint ventures created specifically for the product launch.
So he has YEARS of experience in restructuring, joint ventures, product launches, and early stage development.
IMO, that is a sign of positive things on the horizon.
That chart does show spikes, but it also shows Higher Lows and Higher Highs.
ADHD? Because they can't focus for more than an hour? I agree with you, sometimes it seems people don't hold more than a couple hours.
I can't explain that part, because my brain is not capable of understanding this level of financing. Call the company and find out.
No.. Bold PAID 1,000,000 shares and cash for the website, rights to the Dan Bruder show, rights to the shows currently in production.
They paid future shares of BOLD Acquisition Group, not current shares of PPBL.
The past owner of MyBoldTV is apparently confident that they will spin Bold Acquisition Group/MyBoldTV off into a publicly traded company, or else he wouldn't have agreed to this.
Yes there are new people here.
Yes they were stuck with a HUGE amount of debt from past management.
Some of the debt has been converted, some will be falling off next spring, and some needs to be worked on.
Companies are not built in a day. It takes time to find the right acquisition target... to get the right price.... to get the right financing.
These guys are smart. They are not going to jump into any project unless it's a reasonable ROI.
Bold Acquisition Group and Premiere Acquisition Group.
The Bold Acq Group is designed to complete the acquisition of MyBoldTV (which it just did) and then follow up generating new programming and gaining advertising spots.
The goal is to bring product placement spots to their Catch Me If You Can series where teams chase a mystery person with a laptop and camera around NYC. The idea is that they have to eat, have to drink, and businesses will pay for these placements.
Premiere Acquisition Group has not been defined in a niche yet, but from what I understand they are working on acquisitions, and then whatever industry that is in is where they will stay.
"In regards to the future, the company is currently working on several new projects that will require financing but will be done specifically in our subsidiaries and not at the parent level of Premiere Publishing Group, Inc. In this manner, we will avoid any further dilution to our current shareholders for at least the remainder of the year and possibly into 2011."
You think its a good idea though right, take ownership of an idea...that is how leaders are born.
I think that you should organize it. You're capable aren't you?
Like I said, it wasn't my suggestion. Thank you for the input.
That wasn't my suggestion, nor can I delete posts. Thank you for the input.
From Business Week:
http://investing.businessweek.com/research/stocks/private/person.asp?personId=4986545&privcapId=52339651&previousCapId=35298&previousTitle=TPC%20GROUP%20INC
Mr. Pat M. LaVecchia is the Managing Director at LaVecchia Capital LLC. Previously, Mr. LaVecchia was a Managing Director at Alterity Partners and FTN Midwest Securities Corp.
He was a Managing Director and Head of Capital Markets at FTN Midwest.
Mr. LaVecchia served as Vice President, Chief Financial Officer, and Secretary at InfuSystem Holdings, Inc.
He served as Secretary of InfuSystem, Inc.
Mr. LaVecchia was a Co-founder and Managing Partner at Viant Group and a Managing Director at Viant Capital LLC, from 2003 to 2005.
Prior to that, he was the Managing Director and Head of the Private Equity Placement Group at Bear, Stearns & Company, the Group Head of Global Private Corporate Equity Placements at Credit Suisse Securities (USA) LLC, and the Managing Director and Group Head of the Private Finance and Sponsors Group at Legg Mason Wood Walker Inc.
Mr. LaVecchia was a Venture Capitalist and Senior Managing Director at Hawk Holdings LLC.
He has built and run several major Wall Street groups in his career.
Mr. LaVecchia has extensive experience and expertise in private equity, investment banking, corporate advisory and capital markets including IPOs, secondaries, high yield and corporate debt offerings, private capital raises and PIPEs.
He has been involved in transactions totaling over $100 billion involving hundreds of companies and he has directly led advisory on over $15 billion of transactions in public offerings, strategic and financial private equity transactions and PIPE transactions on a global basis involving over 150 transactions in a multitude of industries including the technology, consumer and internet, telecommunications, media, financial services, healthcare, business services, and general industrial sectors.
Mr. LaVecchia has also played the leading role in numerous mergers, acquisitions, corporate debt, and high yield transactions.
He has been a Director of InfuSystem Holdings, Inc. since August 2005 and InfuSystem, Inc. since September 2005.
Mr. LaVecchia has been a Director of Symmetry Holdings Inc., since June 2006. He serves as a board member of Technology Innovator Acquisition Ltd.
He sits on several advisory boards including as special advisor to the Chairman of China Energy Partners, Inc., special advisor to the board of directors of Vietnam Lotus Holdings, Ltd. and currently serves on a non-profit board.
Mr. LaVecchia serves as the Head of the Audit Committee of Texas Petrochemicals Inc.
He served as a Director of TXP Corporation, from July 10, 2007 to July 15, 2008.
Mr. LaVecchia served as a Director of Novamerican Steel Inc.
He has served as a sector member to the New York City Investment Fund and has been frequently quoted as an expert on capital raising by a number of periodicals including Buyouts newsletter, Private Equity Week newsletter, Private Equity Analyst newsletter, the Daily Deal Inc. magazine, and Bloomberg News etc.
Additionally, Mr. LaVecchia is a regular speaker and moderator on capital raising and private placements at a number of industry, mezzanine, private equity and venture capital conferences, including Middle Market March Madness, Institute for International Research, Strategic Research Institute, Private Equity Analyst, Venture Finance, and Venture Forum.
He has also been a judge of the Wharton Business Plan competition.
Mr. LaVecchia holds a B.A. degree, magna cum laude, from Clark University where he was elected to Phi Beta Kappa and an M.B.A. degree from The Wharton School of the University of Pennsylvania with a major in Finance and a concentration in Strategic Planning.
If they were able to complete transactions like these for someone else, imagine what they are going to do for themselves, and therefore US!
Great Post FergusVI. Worthy of a bump, imo. This is very important, as the connections these gentlemen bring are priceless!
Posted by: FergusVI Date: Wednesday, August 18, 2010 11:15:58 PM
In reply to: None Post # of 5023
LaVecchia was panelist with Wharton Private Equity Affinity Group..
I like the group he associates with.
Moderator:
Bill Haddad, Partner, DLA Piper US LLP
Panelists:
Robert Berger, Director, Lazard Freres & Co. LLC
Michael Proskin, Director, Credit Suisse Securities USA LLC
Richard Salute, Partner,JH Cohn LLP
Robin Weiss, Senior Vice-President,New York Stock Exchange
Pat Lavecchia, Managing Director, LaVecchia Capital
What is the Private Equity Affinity Group?
The Wharton Private Equity Affinity Group (WPEAG) is an Affinity Group of the Wharton Club of New York (WCNY). The Group's primary goal is to bring together Wharton alumni currently working in the Private Equity arena to identify key areas of importance within the industry, increase their industry knowledge, expand their networks within the industry, and actively support each other's business and personal career goals.
This will be done through the development of a series of industry specific events in which speakers and panelist representing PE professionals, lawmakers and academics will share valuable information with respect to industry hot topics such as growth areas, regulatory issues, trends and risk factors. The functional areas will include subject matter from the various disciplines including finance, legal, IT, HR, risk management, turn-around and operations.
Pat LaVecchia
Current
•Co-Chairman of the Board of Directors at Premiere Publishing Group Inc.
•Managing Partner at Sulla Global
•Managing Partner at LaVecchia Capital
•Board Member at Technology Innovator Acquisition Corp.
•Special Advisor to the Chairman at China Energy Partners
•Co-Founder, Member of Board of Directors at Vietnam Lotus Holdings LTD
•Managing Partner at LaVecchia Group
•Vice Chairman and Board Member at InfuSystem Holdings
•Board Member at Darien Youth Baseball and Softball
Past
•Board Member at TXP Corporation
•Managing Director at FTN Midwest
•Board Member at Darien Youth Hockey Association
•Senior Managing Director at Hawk Holdings
•Head of Global Private Corporate Equity Placements at Credit Suisse First Boston
•Managing Director and Head of Private Equity Placements at Bear Stearns
Education
•University of Pennsylvania - The Wharton School MBA, Finance and Strategic Planning
•Clark University, BA Economics
Chris Giordano - Co Chairman of the Board
Current
•Managing Partner at Sulla Global Capital LLC
•President at Birchwood Capital Advisors Group, Inc
•President at Bright Ideas Funding Group, LLC
Past
•President at Birchwood Distressed Assets Fund
•VP Mitchell Hutchins Division at PaineWebber
Education
•New York University - Leonard N. Stern School of Business
•University of South Florida - College of Business Administration
"In regards to the future, the company is currently working on several new projects that will require financing but will be done specifically in our subsidiaries and not at the parent level of Premiere Publishing Group, Inc. In this manner, we will avoid any further dilution to our current shareholders for at least the remainder of the year and possibly into 2011."
Ya know, it was even worse than that. I'm not sure how much profit they made, IMO, what they wanted to do was to ruin the run.
I'm 99% sure I know who it was, and that person tried to get a bunch of followers away from another board shortly after the run was killed.
My limited understanding is that unless you are a registered financial company, you can not get unrestricted shares from the company.
I may be totally off base with this because that gets into an area where I am definately not comfortable being.
If 10 people received 15k shares, and subsequently dumped them that would only account for 150,000 shares, which would not have had the effect that todays trading did.
The bidwhacks today were intentional and malicious and happened just after the opening bell. IN MY HUMBLE OPINION that was done by someone who wanted to kill the run.
If anyone frontloaded and knew that some sort of promotion was going to happen, why kill the run? Why make the PPS drop like a stone? What would be the benefit to them?
Now granted, if the run was let go and subsequently failed after a couple hours then ok, I can agree that someone dumped their position.
That's not the case here. Once under 100k shares were bought QUICKLY at .084 (higher than the previous close) someone or someone(s) hit the bid killing the run.
Nobody with a vested interest of making money would do that, IMO.
So that leaves the question of who would have ulterior motives and what could those motives be?
In My Humble Opinion, it was someone that wanted to take Grandbob's Mojo away. Someone who knew that by destroying the run they could convince everyone that there was a pump and dump and that Grandbob and crew were responsible for it.
Someone that was here, and tried to convice others to leave with them.
With that said, I have a life outside iHUB *hard to imagine sometimes* and my son is waiting to play Tom Clancy something or other with me.
So this is my last post for the night. Hope you all have a great night.
I guess I have a lot to learn then.
Free shares is a great concept, Please fill me in how to get them? That, IMO, is an urban legend, like bigfoot.
I've seen people buy shares from the company at a discount, ie 504 type funding, but from what I understand the company can not just give away free shares.
If they are paid for a service, then they would need to be restricted.
Absolutely right! From today's Press Release:
Same to you. I wish you the best.
25 million free shares? Really? When the float is 29,000,000....
That seems... illogical at best, an outright lie at worst.
Current Share Structure: 8/11/2010
A/S: 100,000,000
O/S: 73,128,139
Restricted: 43,425,953
Float: 29,702,186
and but once again, thank you for signing up on ihub today!
One's expertise in a particular venue is dependant upon their duration of a member in this forum?
That may make several well known names completely incompetent in their current professions because they have never posted here.
I did not realize that HULU carried the same programming as MyBoldTV.com does.
They have Catch Me If You Can, Who the Hell is Dan Bruder and the upcoming BoldTV Challenge, a contest worth $500,000 for the best business plan in America?
So if they don't how can you say that Hulu going public would have anything to do with MyBoldTV.com being good or bad?
The pick went out via board mail at 8:10ish am EST, that's plenty of time to put bids in isn't it?
You are right SOMEONE THAT FRONTLOADED SOLD TODAY, but you're targets are way wrong.
Those that sold today are not on this board or on Teffy's board.
He meant your post was creating Fear Uncertainty and Doubt without having any merit. FUD.
It is speculation and because it is unsecured debt there is no recourse.
Shareholders would have to vote in agreement to convert that debt, and that will not happen.
Over the course of the last couple weeks, most of the shares bought were done so at a PPS higher than what we ended up at today, so if those people "Dumped" they did so at a very small profit or a loss.
Not very intelligent IMO, but it wouldn't be the first time that I've seen illogical trading on these markets.
I totally agree with this Hammer. They are using a Subsidiary Financing Model where there is private placement money used to purchase the acquisition.
This is beneficial for both the shareholders and for the financing agency for different reasons.
The financing arm will have a "lien" against the acquired company, not against company stock, which could be advantageous to them should liquidation have to occur, assuming that the asset is worth more than the amount of stock that would be given.
When the asset is able to be spun off into a publicly traded company, the financing arm is given "ownership" of a predetermined portion of the shares of that company in lieu of the "lien" against the asset.
For the shareholders, it means that common stock is not diluted, as the asset is paid for by a subsidiary lien. This usually makes the common stock go up, as the asset is incorporated into the company without any difference in share structure.
When the asset is able to be spun off into a publicly traded company, the shareholders are given a "dividend" of a predetermined portion of the shares of that company as "compensation" for that asset being removed from the parent company.
Both of the new Co-Chairman have made a VERY good living doing just this with other people companies. Now they are doing it for their own.
I can't wait to see what the next few months bring here, I'm very disappointed in todays trading, but it is only 1 day. There was bound to be a selloff, but I really would have preferred for it NOT to have taken place today.
That's possible, but it's more likely that it was a trade from early in the AM that did not record, and instead of post it while the PPS was down they held it till the end to report it.
Yeah there was a T-Trade after the bell 39,000 shares for .08.
Probably from earlier in the day, why it wasnt recorded earlier is unknown.
Float Lockdown.
Actually that's not a bad idea. A fully reporting OTC-BB with a 29m share float, even at 5 or 6 cents a share wouldn't be that hard to lock down.
Is what true?
That we sent emails out? Yes.
Is he glad he didn't get in? I'm sure he is based that it sold off today.
Are we pathetic? That is a great question..... I don't think so, but I'm sure that you could find someone would think so :)
Does that answer your questions? : )
That is understandable. Check your PM's.
Sorry but you got the wrong person that caused the commotion this morning.