is...lurking around the corner
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Very true....
SEC FILING:
Chris Giordano and Pat LaVecchia are now Co-Chairmen of the Board.
Pat LaVecchia is Currently:
•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
Past:
•Board Member at TXP Corporation
•Managing Director at FTN Midwest
•Senior Managing Director at hawk holdings
•Head of Global Private Corporate Equity Placements at credit suisse first boston
•Head of Global Private Corporate Equity Placements at credit suisse first boston
•Managing Director and Head of Private Equity Placements at bear stearns
Chris Giordano is Currently:
•Managing Partner at Sulla Global Capital LLC
•President at Birchwood Capital Advisors Group, Inc
•President at Bright Ideas Funding Group, LLC
and Past:
•President at Birchwood Distressed Assets Fund (7 YEARS)
•VP Mitchell Hutchins Division at PaineWebber (9 YEARS)
His Education includes:
MBA, New York University - Leonard N. Stern School of Business
BA, Accounting, University of South Florida - College of Business Administration
These two men have been part of over $100,000,000,000 in transactions, and have been part of financing, sale or acquisition of over 150 different Companies.
They do not need to pump a penny stock for money.
Out of curiosity have you called the company and spoke with anyone to find out what they are doing now? What their plans are?
Yes they did. Sometimes you need to make a deal with the devil to help get word out. This time we chose the wrong people to help.
Those that were thought to be friends turned out to be Judas'.
The trading today was not someone trying to sell their shares, it was someone trying to drop the PPS. The bidwhacking started first thing. There was no opportunity for it to perform well.
Fair enough, I do not know what GB has posted here, I've been paying more attention to my side of the fence.
What my point was and still is, this is a real company. It's not a Caveat Emptor or Bankrupt Q stock that people have bought into. There is risk, yes, but I think we mitigated the risk very well.
I'm sorry that this got leaked out. That was the last thing that we wanted HOWEVER, in order to get some level of awareness to help momentum we HAVE to trade off pre-knowledge. That is their payment.
Unfortunately in this case that has come back to stab us in the back. A few people who were allowed to pick up shares early decided to use that as an opportunity to try to destroy the momentum, which they did; convince others that it was GB's fault, which they did; and try to manipulate the situation to enhance their reputations, which they may have done.
All of this is OUR fault because we trusted these people and took them at their word. We got screwed, and so did those of you who followed us into this.
For that, I am VERY sorry.
The pps will recover. Keep an eye on this over the next month or so.
Got a link to that 8 million in debt?
And, while you would be correct about MANY pinksheets companies needing cash for bills, I hardly think that these gentlemen are starved for money...
Pat LaVecchia’s Summary
Managing Partner of LaVecchia Group LLC consisting of a registered broker dealer and member of FINRA and SIPC, LaVecchia Capital LLC, and a private equity and hedge investment group.
http://www.linkedin.com/in/patlavecchia
Chris Giordano
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
http://www.linkedin.com/pub/chris-h-giordano/13/598/618
1. Float is 29m and change.
2. Last week there were 2 public filings, both 8-K's
3. Last month they announced they were nearing completion of a merger.
4. Many other people saw the news coming and may have sold into the news today. I saw 4 people twittering and at least 3 email groups sending out notices that there was something going on, and I can tell you for a fact that none of these people knew Grandbob and I were announcing it. They got it off filings or off scans.
Now my questions to you are these:
Does this change the prospectus of the company at all, or does it just make the share price more attractive to buy into?
What, if anything, is wrong with the company that you do not feel comfortable investing in it at this level?
This never was about 1 day! No where in anything did I ever say this is a short term gainer.
On the contrary I said that it's a real company in acquisition mode that is starting to go. There were no timeframes for any of this.
I still think that this is the beginning of PPBL. The new management crew is fantastic, their contacts, strategies, knowledge is WAY above average.
Have you looked into this company at all? Or did the nonsense that has happened on the boards today convince you not to bother? There is a contact number on the bottom of the pr, try calling and seeing what they have to say.
Can't hurt other than taking a few minutes of your time can it?
And as far as my "reputation" goes, I could care less. I can sleep at night knowing that this pick *despite the pps being down today* is a solid company.
Thank you, same to you.
The DD stands for this company. Its real, it's growing. Now the PPS is cheaper so those buying in at this level have a better gainer in front of them.
Hiya Hawks. I have not had the pleasure if speaking to you on the hub before, so it's nice to meet you.
I do appreciate your inquiry as to what is going on, and believe that is more than fair.
Yes, Grandbob and I teamed up on this pick.
No, today is NOT what we anticipated.
No, neither of us sold a single share today, and on the contrary I bought some this morning, which are red right now.
Is PPBL over with? Absolutely not. The whole point with us bringing this stock to everyones attention is not the tradtional pump and dump / momo type play that you are rightly concerned with.
This particular company is REAL. Granted, some things could have been handled better.... there were a couple individuals that chose to use their knowledge to try to alter this day's trading in order to make themselves into bigger players. Welcome to the hub. Keep your friends close, but keep your enemies closer.
The fact is, this is a SOLID company. They have a fantastic management, and are in acquisition mode.
Read this: http://www.linkedin.com/in/patlavecchia
Just got off the phone with Chris Giordano, Co-Chair of PPBL, he asked that I pass along a message that the company will be scheduling a Conference Call in the next 30 days, and has asked that anyone with any questions or comments please take place.
He said that they will discuss some of the past events that lead to management change, as well as what the new company direction is, then finish with a question and answer period.
Hopefully we get details about this in the next few days, as it does take some time to set up a conference call for more than a few people.
Why is it important to file a Notification of Late Filing (Form 12b-25)?
To ensure our compliance system does not identify a company as delinquent in error, it is important that companies file a Notification of Late Filing on or before the filing due date. If a Notification of Late Filing is filed after the filing due date, the company's symbol may be appended with a "E".
http://www.otcbb.com/faqs/otcbb_faq.stm#filing
I just got off the phone with Chris Giordano, the Co-Chairman of PPBL.
He said to relay a message to everyone that the company will host a conference call in the next 30 days to address new developments and any concerns that shareholders have.
Look for an official announcement of the call soon, and start gathering your questions. I have found him quite ameniable to answer questions about the company provided they are not confidential in nature.
If they do, then that would only be 1 strike, as they have not missed a filing date in the last 24 months.
.052 x .055 startin to move up again!
I am not happy with the way this traded out of the gate today, but it looks to me like it was a deliberate whack fest for some unknown reason.
The truth behind the company will come out, I feel in no way wrong about this particular company.
As a matter of fact, I just spoke with Chris Giordano, the Co-Chairman who told me that he will organize a conference call within the next 30 days to address upcoming events and answer any questions that are looming.
That's a good thing, IMO!
Nice try, but the filing was due on the 14th of August for period ending June 30th, 2010. Reports are due within 45 days of the period end, unless an extension is filed for. In this case the extension was from the 14th to the 29th.
http://www.secfile.net/SEC_calendar.htm#EDGAR_Filing_Deadlines_for_Quarterly_and_Annual_Reports
I guess you "ACCIDENTALLY" missed the rest of that rule, so here it is.
Thank you but this is far from over. There was someone who decided to beat up the bid for a while this morning, apparently with the motive to drop the price.
I bought today for the first time, and have not sold a single share. Am I worried? ABSOLUTELY NOT!!!
PPBL just landed Mr Pat LaVecchia, a VERY Heavy hitter on Wall Street.
The new management is just getting started. They came on board officially the beginning of August, so lets allow them to do their jobs.
The old management is gone, will not be back. Those reflecting on what has happened in 2007 and not paying attention to what is currently going on should stop and take a look at this bio!
http://www.linkedin.com/in/patlavecchia
Pat LaVecchia’s Summary
Managing Partner of LaVecchia Group LLC consisting of a registered broker dealer and member of FINRA and SIPC, LaVecchia Capital LLC, and a private equity and hedge investment group.
Mr. LaVecchia has been involved in over $100 billion of transactions involving hundreds of companies across a multitude of industries. He has also directly led the the financing, acquisition and/or sale of well over 150 companies involving transactions comprising of over $15 billion.
Twenty + years of senior level Wall Street experience raising capital for companies both privately and publicly (debt and equity) as well as mergers and acquisitions, ipos, high yield, etc. across all industries with a specific focus on financial services, technology, consumer, business services, energy, telecommunications, internet, industrial, healthcare and biotech.
Extensive advisory, capital markets and merchant banking experience. Currently an active advisor and equity partner to several outstanding companies.
Based on this resume, I am more than willing to let this go where it can. One days market movement is not nearly the defining factor here.
The new management is just getting started. They came on board officially the beginning of August, so lets allow them to do their jobs.
The old management is gone, will not be back. Those reflecting on what has happened in 2007 and not paying attention to what is currently going on should stop and take a look at this bio!
http://www.linkedin.com/in/patlavecchia
Pat LaVecchia’s Summary
Managing Partner of LaVecchia Group LLC consisting of a registered broker dealer and member of FINRA and SIPC, LaVecchia Capital LLC, and a private equity and hedge investment group.
Mr. LaVecchia has been involved in over $100 billion of transactions involving hundreds of companies across a multitude of industries. He has also directly led the the financing, acquisition and/or sale of well over 150 companies involving transactions comprising of over $15 billion.
Twenty + years of senior level Wall Street experience raising capital for companies both privately and publicly (debt and equity) as well as mergers and acquisitions, ipos, high yield, etc. across all industries with a specific focus on financial services, technology, consumer, business services, energy, telecommunications, internet, industrial, healthcare and biotech.
Extensive advisory, capital markets and merchant banking experience. Currently an active advisor and equity partner to several outstanding companies.
Based on this resume, I am more than willing to let this go where it can. One days market movement is not nearly the defining factor here.
Not really... Considering they have had 2 8-ks filed and have only PR'd one, it stands to reason that they will PR the other.
Besides, they are in acquisition mode. Just because they closed the MyBoldTV.com deal does not mean that they stop there. It's entirely possible that while they were working on this deal they were starting another one isn't it?
All "IMO" of course.
Based on what?
I truely believe that you will be happy holding your shares.
The funny thing is that I bet not one of the critics here have ever called the company to find out what the NEW direction is.
Yes, there have been mistakes in the past. The old president blew through a lot of money trying to maintain the Trump Magazine. They also suffered a loss when the US determined that Internet gaming was no longer legal, so the Poker magazine that they published went under as well.
There have been some MAJOR newspapers who also went out of business lately, so I can see where publishing would be a tough business.
But now we have a new management team, that has structured their takeover to be non-dilutional, with MASSIVE insight into bringing companys to their fullest potential.
I have a great feeling about the future of this company. I will be holding the shares I got this morning for the long haul along with you.
Watch for spinoffs and uplistings in the future!
Correct. They paid 40 cents per share for the non-convertable preferred.
This can not be turned into common stock.
Actually, no, it doesn't stand. Totowa group was disbanded in August of 2008.
Here's the link to their status as an LLC....
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=WWSQnG4gORhErZoEClLCfw%253d%253d&nt7=0
Since this LLC is no longer in existance, that agreement is null and void.
In addition, one of the Directors (who was Totowa Group) decided to put in additional capital for 100,000 shares of Super Voting Preferred, which allows them to have the same control without any further dilution.
I sure hope you're right!
Totowa took over from a president who almost bankrupted the company.
Since then, they have reorganized, restructured and are coming out with a completely different business model.
Why is that bad?
Thank you for the link, although it is very old news.
If the president of the company did not own shares of the company that he is president of I'd be worried!
Since they are both principles of the company, neither one can sell shares of more than 1% per quarter, which effectively REDUCES THE TRADEABLE PORTION OF THE COMMON STOCK!
Please provide links to this supposed "firing" and the debt.
Of course the company will be paying the Chairman of the Board. But if you notice, the pay scale is based on PERFORMANCE.
Delivery of Shares . The following table sets forth the number of Shares that the Company shall deliver to the Participant at the end of any 20 consecutive day trading period where the Company’s per Share price has closed at or above the following price for each day during such trading period:
In addition, the shares are restricted for 180 days from the date of issuance.
Since they are members of the Board, they can not trade more than 1% of their holdings in any given Quarter.
Should they resign from being on the board, they still have the 180 day restriction PLUS they have to wait 90 days to be eligible to free trade, should their resignation/termination be after the restriction period has ended.
Bro I wanted to be wrong. This is not a feather in my cap, but a statement of disappointment.
The technology that they profess to have could revolutionize energy creation, take waste that would normally be dumped and make it useful, reduce our need for foreign oil.
What burns me is that they take those things that I so desperately want to see and taunt us with it.
Now they're going to make electric cars. Will they finish that one?
In the last month we've spent more time doing research on this company than most people spend at their normal job.
I'm a call em like I see em person, I have and will call out when I see something bogus, but in the same context I have and will call out when I see a company that is doing all the right things.
PPBL is one of those that is doing the right things. I'm 100% confident in where this is going and not at all concerned with a small selloff on todays news.
Those of you who got in this morning will be VERY HAPPY.
I have not seen any projections by the company yet. Since they just completed this my guess is that will be the subject of a later release.
From what I can gather, there are several shows that are starting production, all with good advertising potential.
One is "Catch Me if You Can" which is a reality show about a person in a city with a webcam who leaves hints about where he is for groups of people to find and ultimately find him.
The potential from what I understand here could be location placements... stores etc paying to spotlight their locations and product placements... since the show can run for as long as 72 hours (I do not think that is constant broadcasting) there would be opportunities for sodas, chips, food, etc to be highlighted.
Many companies use these forms of advertising. When you watch a movie and see a huge bright red Coca-Cola label that is a product placement ad that was paid for by Coca-Cola.
Automobiles are another way of advertising. That closeup of the vehicle showing the make for example... paid for!
Hope this helps.
They have only covered 1 of the 2 8-k's that have been filed in the last week, so I anticipate more.
Nice buy! You'll be happy with that purchase!
How Real is PPBL??? You tell me.... would individuals with resume's like this get involved with a bogus company? I do not think so!
1. They don't need the $$
2. They don't need to risk their reputations.
Co-Chairman of the Board:
Mr. Chris H. Giordano
Mr. Giordano has a BA in Accounting from the University of South Florida, and an MBA from NYU’s Leonard N. Stern School of Business.
Mr. Giordano spent 9 years with PaineWebber, ultimately as VP of their Mitchell Hutchins Division, where he was responsible for over $200 million in ERISA accounts and over $100 million in Discretionary Accounts.
After PaineWebber, Mr. Giordano joined Birchwood Distressed Assets Fund as President, where he spent 7 years managing the funds Bankruptcy cases as well as Corporate Restructurings.
Currently Mr. Giordano is President of Bright Ideas Funding Group, LLC, which helps early stage companies through the financing of product launches instead of financing business plans. This is accomplished through the formation of joint ventures created specifically for the product launch.
Mr. Giordano is also the President of Birchwood Capital Advisors Group, Inc where he has been the advisor to over $300 million in financings to date. Currently Birchwood is concentrating its efforts in the emerging markets of China and India.
Lastly, Mr. Giordano is a Managing Partner at Sulla Global Capital, LLC. Sulla Global Capital has been recently formed to serve the opportunities for M & A, Advisory and Capital Market related activity in both Mainland China and the surrounding South East Asian countries, and are aggressively seeking financing and advisory opportunity in China, SE Asia and India.
Co-Chairman of the Board:
Mr. Pat LaVecchia
Mr. LaVecchia graduated from Clark University with a BA in Economics, and from the Wharton School, University of Pennsylvania with an MBA in Finance and Strategic Planning.
Mr. LaVecchia spent 5 years with Bear Stearns, completing his tenure as Managing Director and Head of Private Equity Placements, and then 3 years with Credit Suisse First Boston as Head of Global Private Corporate Equity Placements.
Currently, Mr. LaVecchia is Vice-Chairman and Board Member for InfuSystem Holdings, which is the leading supplier of infusion services to oncologists and other outpatient treatment settings.
In addition, Mr. LaVecchia is the Managing Partner for LaVecchia Capital, LLC, a privately held merchant banking and investment firm; Co-Founder and Member of the Board of Directors for Vietnam Lotus Holdings, LTD; Special Advisor to the Chairman for China Energy Partners; and Member of the Board of Directors for Technology Innovator Acquisition Corporation.
29,702,186 float is very small! Once the idiots are out of the way this morning we'll see some serious gains. Bid support is there now, time to go higher.
And when it does go up you can be the lead in a KISS GRANDBOB'S FEET PARTY.
It's AWESOME! Great compliation that you did, and got it out so fast.
Thank you much!!!