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I just think the move was too hard too fast for what was presented in the earnings. Doesn't seem like it'd hurt the PPS too much, though. We'll see. (I don't have a position in PEIX)
Also, be careful. Earnings after the bell tomorrow (Monday). They're expected to be decent or good, but anything can happen.
So, this means that the shares are already accumulated and is just waiting for a run to dump the shares, correct? Or, is it to be expected there may be more volume jumps for insiders/friends to accumulate more shares?
Ok, 8-K released on Jan 11. They've transferred a large amount of shares to Victory Partners (VCs?) while passing control of the company to Emperial Americas. Pardon my terribad interpretation of this. Does this qualify?
ITEM 1.01. ENTRY INTO MATERIAL DEFINITIVE AGREEMENT
ENTRY INTO PURCHASE AGREEMENT FOR MAJORITY CONTROL OF ISSUER
On January 5, 2012, the Corporation had the majority controlling interest changed to the control of Emperial Americas, through the purchase of four sets of Series A Preferred Shares by Victory Partners, LLC. In a private sale, the four main holders of 60 Series A Preferred Shares, being Dennis R. Duffy (15 preferred shares) Janet Okerlund (15 preferred shares), Daniel Duffy (15 preferred shares) and Norman Francis (15 preferred shares). Additionally, Victory Partners received the rights to 1 billion common shares held by the same four individuals in the amount of 250 million shares each. Such shares were purchased by Victory Partners, and thus controlling interest of the Company was passed while simultaneously, a share exchange agreement was entered into for simultaneous exchange of such preferred shares with Victory Partners, for a sum of $475,000.00 to be owed to Victory Partners from the Emperial Americas. Additionally Victory Partners negotiated the purchase and assignment of some $720,000 in debt owed to the four parties previously due from Team Nation Holdings, Corp.
At the time of the agreement, the following private entities were diverged from the entity upon the acquisition of Emperial Americas interest into the Corporation on January 5, 2012. The following entities were:
Real Estate Services Holding, Inc. a California Corporation
Team Nation Holding Corporation, a California Corporation
Team Title, Inc. a Delaware Corporation
Escrow Nation, Inc. a California Corporation
TSS Escrow, Inc. a California Corporation
On January 5, 2012, the Board of Directors executed resolutions whereby the name of the Corporation was changed to Emperial Americas, Inc. and the address of the Corporation was to be made at Emperial Americas, Inc. located at Sarasota Courthouse Center, 1990 Main Street, Suite 150, Sarasota, Florida 34236.
Additional filings for disclosures under Items 2.01 and 9.01 of Form 8-K will be enhanced with further filing by the registrant within the necessary time period. Items which will be filed under 9.01 will include pro forma financial information to be included, which shall include the audited financials of Emperial Americas.
Emperial Americas and Victory Partners were indemnified against all claimants for any debt to which there may exist from Team Nation Operations by the selling shareholders of their preferred shares.
Item 2.01 Completion of Acquisition or Disposition of Assets
The Agreement with Victory Partners created a acquisition of assets being the controlling Series A Preferred shares of Team Nation Holdings, Corp. The exchange with Victory Partners for such shares with Emperial Americas created a direct exchange of shares for debt to Victory Partners which makes such matters an acquisition of Emperial Americas as the new public company. Further disclosure on the description of the assets shall be made in an additional 8-k filing to include audited financials and pro-forma of Emperial Americas. Emperial Americas operations and corporate financial matters will mean that it is not a shell company, as those terms are defined in Rule 12b-2 under the Exchange Act (17 CFR 240.12b-2)
Emperial Americas has been a Corporation domesticated in Florida. Emperial Americas, Inc. commenced operations in Houston, TX -December 2008. Previously, Emperial Americas existed under Emperial, LLC (July 2008). As a brand owner of self developed alcoholic beverages, it also imports, markets and sells beverages throughout its designated markets in the U.S. with a particular emphasis on Texas and Florida.. The company owns its brands or, has the exclusive rights and trademarks to act as the U.S. importer of the brands in its portfolio. Emperial Americas engages in the business of importing alcoholic beverages to distributors in the U.S. on a national basis. The company is federally licensed, maintaining the rights to both import and sell to distributors in 51 markets within the U.S.
Watch fib retracement on recent leg, look for flag or pennant to form, trade the breakout? That's what I'd do.
Yeah, but 8's haven't been up in a while. Wondering if there was news or something out. Probably insider accumulating.
Whats going on? .0008? Been holding some .0007 for what feels like a years now... News or someone accumulating?
ZOOM - eod pop? :) Hope so. Looking good.
Been like watching paint grow... or grass dry.
Be careful with bios. You don't want to be trading technicals when they're going through a PDUFA or releasing phase I,II, or III results.
1.24
ZOOM's pinched pretty hard.
Picked up a lotto play at .77. WEWWTY!
Damn.. This is why I sold a few days ago. Weird that earnings were today? I thought they were a few days ago. Didn't know anything about the company and didn't want to chance something like this happening.
Yeah! Saw the smurfs standing next to you guys. lol
Awesome man :) Trying to be an ETAC/JTAC/SOTAC in the AF one day...soon. Hopefully. Got a bunch of ranger buddies here at the 6th RTB.
What was your MOS?
And provides you with the opportunity of using a wide variety of sh***ing devices.
Sweeeetits.
Sorry. Missed that post. Thanks.
PEIX has been a pain in my ass.
ENER - Just can't catch a break! Oh well. Profit's a profit.
ENER - Sold for .7 profit. Earnings tomorrow before the bell. Don't know too much about the company so I'm not willing to risk it tanking. May look to re-enter tomorrow if everything plays out well.
ENER Earnings tomorrow. Any thoughts on what to expect?
mt, what's the significance of the all the small MA's in your charts? I assume primarily day trades.
ENER might be going here. Volume picking up.
DHT Loving the volume!
Done
You do realize the stuff he posts has been tried and tested multiple times, right? That's not to say there are some successful pennies that make it. You're taking what he suggests as an exact science when it's not. It's just a way to plan entry and exit.
PSRU setting up?
Joint Venture news: http://ih.advfn.com/p.php?pid=nmona&article=50949690
Herd hype confirmed
TAT - Re-testing the trend line. Not bad.
ENER looking good :)
Hell, I'll take the 6 months after that.
There'll be others! :)