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Kerry, Peter .... whoever.
All part of this scam. I'll check back in a month or two when this is trading sub-penny and the same people will still be talking about the preferred shares.
I'm sure we'll still get emails every once in a while from IR about them just to keep the false hope alive.
What redemption?
People still believe there is going to be one? Most of us never even received the original certs we were promised.
It's just a little spin on the old dilute the shizz out of stock, reverse split it and repeat.
PVECD - This all does not make any sense.
So a drone company buys out a failed travel company (if it ever truly was that) and decides to honor Preferred C certificates still at 20cents\ea they'll probably say. Why would they take on this $4million additional expense?
I don't think they even have $4million dollars to part with and if so don't you think they would invest it back and grow the business instead dish it all out. What would you do if you were the CEO of this company?
It doesn't add up folks. Another attempt by Peter to pump, dump, dilute.
Fool you once shame on Peter and company, fool you twice shame on you.
Have not checked in on this board for awhile. All I see is more BS. So I have to email all my stock info by Nov 15th.
WTF? I called and spoke with Maria, Martha or whatever her name is and she verified my name, address, shares held by the DIVY date. I did this twice each time being told the same story as many others. "Give it a week" is what she said.
I smell a rat and his name is Peter.
Good luck with that. Thanks for making me chuckle.
Same here Big Wheel. You'll get you certs in X days. X days have come and gone multiple number of times.
If the company is this terrible, this unorganized at getting everyone's certs out when promised when given their track record why, WHY would anyone believe that they are going to be able to redeem their paper for .2X number of preferred shares?
Nothing left to see here folks move along, move along.
I'm still waiting on my worthless certs even after Martha telling me three weeks ago I'd have them in one week.
It was all a ploy so Peter can dump shares on the market for a higher pps.
When it is evident to everyone that we've been screwed over on the .20/share Preferred B certs then we can look back and say Cass & Seaam were right the whole time.
I've already accepted the fact that I've lost nearly all my investment and will not recoup anything with this BS certificate pump Peter pulled off.
The history is all there, everyone that has worked for Peter thinks he's crooked. Jason & Kerry may not have come out and said it directly but when you read between the lines it's there.
Wish I never heard of this POS.
Is Martha the one with broken English and a little hard to understand?
I called yesterday too asking about my certs. She verified my name and address and said give it a week.
After all this waiting, waiting and more waiting I'm not going to be overly excited because I fail to understand how this company can afford to redeem them.
Somebody get this man a Snickers bar!
He's not himself when he's hungry and PO'd about what PVEC has done to us investors.
You and your common sense Cass.
Not until these certs are redeemed and the .2/share is in people's banks or brokerage accounts.
This company has a history of not living up to its promises and at this point it's very hard to see how it can pay the $4 million for all these preferred shares. In addition the task of distributing these shares has been very poorly managed.
Did you mean to say certs before spell check mangled your sentence?
At this point what does it matter if you have them or not. This company has no way of honoring them.
They were dead from the beginning. This company does not have 4 million dollars to make them legit and never will.
Had we listened to Cass this whole time we'd of invested our money elsewhere.
This has all the makings of a class action law suit with the company not delivering on the certs after making an official announcement with FINRA.
In all seriousness however does the company even have any assets that can be seized to pay the lawyers and what's left shareholders with?
All right good discussion. I've had good fortune with MJ stocks earlier so I'm giving back my winnings here. It sucks but my hard earned dollars are still intact.
I'm done with these pennies. Would much rather mix value and income investing for long term passive income as I'm a 40 year old.
GLTU
Great, so in other words you were flipping it because that's the only way anyone profited on this.
Good for you.
Heard that before. Over and over and over and over ...
I can only imagine right now Peter is stuffing he suitcases with what he can and hopping a red-eye out of the country.
Too dangerous for him in Florida with all the investors he screwed over.
We are going somewhere, straight down. Next stop r/s before the PVEC ship comes to her final resting spot at the bottom of the sea.
Anybody looking for some .0001's?
I got some that as of today I feel the need to part ways with.
Perhaps they diluted the piss out of their own stock right after fluffing it with bogus PRs about preferred shares worth .2 each that Peter always knew they could never pay.
Robbing Peter (we shareholders) to pay Paul.
What's it been now like a week?
Zeus travel is down too. Isn't that a revenue generating site according to Jason?
It cannot generate revenue while it's down. Down for an extended period during vacation booking season too.
With the current SNAFU going on with the certificates I have to propose a question.
Where is the company getting the 4 million dollars to pay for them when they are eligible to be redeemed in a few months?
My certificates as many others are weeks overdue. If we can't trust the company to get this right what makes anyone with a certificate believe that they'll be able to cash them in?
That would sure make a lot of us happy but 13B shares with a r/s that seems very likely is going to hold pps at .0001-.0002 for the foreseeable future.
Strong revenue figures coupled with a buy back will propel this well North.
My biggest concern as well.
The only place we will see .2/share is after redeeming the pref C and I'm not 100% convinced of that even.
From .0002 to .2 without a r/s? You seriously believe that?
Look I am long on this stock too but that's just crazy talk.
Would that be another vague PR by chance?
At this point all many of us can hope for is that the preferred C shares can be redeemed for their stated value.
Otherwise many of us lost our ass here.
Out of this POS Scam Stock
Got my ass handed to me here and lost a lot of profit I made on other MJ stocks. Should have gone with my instincts when shady Luther wouldn't take a real photo.
Oh well. I'm playing BDC's that yield good monthly\quarterly dividends now as many are a currently a good bargain.
Good luck to those trapped in this Vasker scam.
Question for the board.
Is a class action lawsuit available to us if PVEC does not follow through on the distribution?
I thought I saw they had some tangible assets of value in their balance sheet though I don't remember what the numbers were.
GIVE ME BACK MY CERTS!
Why take what little hope we have left?
This IMO is the best post I've read on this board in some time. There is no way in hell that only one person would receive their certs in the mail and the rest of us have not over a period of five mailing days.
Sorry Justice as much as I want to believe you I am calling B.S.
The Scottrade shared marked ENTB9 are real. I see them like everyone else that uses Scottrade. I have X/175 shares (where X = # of PVEC shares). Are they going to be redeemable for .20/share in the future? I give it a 50% chance at this point and that percentage is going down like the pps of this company.
Why have we not heard anything in months from the CEO? How could he be non-existent with what is going on. The CEO, the individual that runs the company whose job it is to address us the shareholders (owners) of the company. There's a definite lack of leadership here and that should be apparent wit the abrupt resignation of Kerry and I after reading Jason's last post I get the strong sense that there are some serious management issues between him and Peter too.
I am not bashing here, I'm invested here and of course I want to profit too, that's why all us longs are here. I am deeply concerned however with what is transpiring with this company and do not feel good about investing here. I believe I may have been lied to about these certs actually having a redeemable value of 20 cents each.
P.S.
Seeam, your post yesterday. "People hate Peter and spit in his food when he goes to restaurants." Really there guy? I hope that was a poor joke because you sounded silly there posting that.
Recovering after being scammed.
The first step of recovery is admitting you've fell victim to a scam.
PVEC you scammed me with your promise of preferred shares that are nowhere to be seen ... by anyone.