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I agree,.....and the company has had poor communication to the general public as to what's going on or not going on. Any company can have at the very least monthly updates as to what's new or where future focus has shifted or if they are making even the slightest progress! ...Pretty awful...I've held my shares for a long time at and just watched 80% disappear. I'll hold what I have but if it ever recovers I will hope to grab what I put in. Communication is key and Baltia has had very poor communication.
Well,...I'm not to hard to find anyway, I have tons of content online I'm attached too. I also just checked out your LinkedIn page so I'm sure you have all my info anyway. I tried to write you there but your profile does not allow for direct messages.
So back to my other email...I wasn't looking to insult and I didn't believe my tone was negative considering the history with OTHM. I'm currently still holding quite a few shares and hoping that patience may pay off if Oveedia is to launch in the near future. Knowing you are viewing these posts I felt it's a good time to chime in and see if there are any updates.
Tony
Hi Melvin,.....First off, I appreciate that you view and acknowledge the shareholders on these boards. I have been a OTHM/PNOW shareholder for a couple years now and being someone who buys and holds I have unfortunately lost a fairly good sum of money over that time. I see potential in what you are bringing to market and I have been very quiet most of this year.....after the RS it was a bit tough but being someone who works within the Caribbean and works with the tourism boards throughout the entire area I know this could do well.
How far off is an actual launch date for Oveedia even if it's just a soft launch and the site goes live?
Also, I have wondered what is the status of the Bahia Encantada Property that was purchased/or obtained by OTHM/PNOW that happened right around the start of your time as CEO. That being such a nice property I have been surprised that has not been talked about since. Is this still a current asset owned by PNOW? Link below I found....what would be the official link if this asset is still current PNOW property?
http://www.tripadvisor.com/Hotel_Review-g309271-d754283-Reviews-Bahia_Encantada-Jaco_Province_of_Puntarenas.html
I think so many people that have been solid shareholders for a while now have felt either misguided or without true knowledge of what is really happening with PNOW. Regardless of what has happened with previous management and the drop in PPS even after the RS, Oveedia could have promise if implemented properly. The dilution is killing the value for everyone and I believe the PPS would rise if true progress is seen. I believe everyone just needs some form of this is actually happening or it will seem this is lining the pockets of people outside of PNOW investors.
I would think a successful product would far outweigh the current dilution.
Thank you,
Tony
Wake was cancelled due to security check bounced.
DECEPTIVE COMPANY: My 4+ million shares before the split is now worth 12 bucks. Awesome.....I should have got out LONG TIME AGO!!! Nothing like seeing a few thousand bucks turn into 12 dollars. STAY AWAY FROM THE COMPANY SHELL. There is no value here at all and it's not that they didn't succeed and i lost my money it's that they were incredibly deceptive and misleading. STAY AWAY!
This company has always been overly excited without any real substance. I was suckered in early and lost a few thousand and still seeing this stock plummet. I don't see how they can knock how discontent their investors are and state things like ....."We will become the Central American-Caribbean online travel hub and surely be done with this penny stock nonsense."
Investors have lost a lot on the hype PR's this company always puts out.....I could say my own company is worth $40 million,....they just get excited about anything positive that happens and them claim that conversation is worth millions. I still hold share after a RS with my value still barely a fraction of what I put it originally. I was all about giving them time and letting them work things through but they have since giving some incredibly misleading and disrespectful PR's that slap the face of long investors. I can not trust this company until I see some actual evidence that what they say is not a lie.
Any investors really considering this stock should seriously look at the history of posts on this board......there has been many optimistic investors who have had their investment and trust completely ruined.
I'm currently working on TV program that exposes trading/business fraud for 1 of the largest networks in the world.....this company has been on my list for a while now. They have no idea who's out there watching and taking notes.
Not hearing much about the Bahia Encantada property that PNOW supposedly owns.....being as nice a property as it is I'm surprised they haven't said much since the original announcement.
That's what I thought , and then after dozens of daydreaming PR's they had accomplished nothing. I eventually bought about 5 million shares and saw nothing but a decline in my PPS.....then the recent RS completely wiped out any real worth. To many of us on here for a while we know now this company is very shady and the chances of it going anywhere are extremely thin.
All these companies seems to be doing this more frequently....it not effecting the "preferred shares" is what makes it not effect them. I think that is criminal in itself.
Appreciate the info...thanks and hopefully all goes as many are feeling this will go. I have a small stake but I'll still be happy to see this company do well.
Fair enough,...you're right. I could call and I'm def here for the long haul. I feel individuals calling and trickling info is maybe wasteful of their energy and sometimes facts are conveyed out of context.
I just think this company and many others could be a little more proactive with how they communicate with shareholders. This is a pretty positive board and there's a lot of solid support. Radio silence from them and an extremely outdated website does not do well for them.
Exactly....this company needs to provide some more official info as to what's going on. The speculation on this board really has little weight. I can appreciate the optimism but still....it's more important that Baltia keeps us informed as much as possible.
exactly,.....clearly they were deceptive with how they announced the ESMG dividend.....had incredible volume and then right after the deadline where many people bought more shares they announced they had to "postpone" the dividend. I don't see how that can't be considered anything but deceptive and greedy. I still hold all my shares and I had nearly doubled my position with the announcement of the dividend of ESMG and PMCM.
Now they plan to RS and keep the preferred shares unaffected?! This is nuts! ....this management needs to be investigated.
These RS's without effecting "Preferred Shares' should be illegal.
I agree Clariske,....and what of the ESMG debacle that many us loaded up for when the company announced the dividend for the spin off. They claimed it is delayed but with an RS how does that effect the share dividend? How can you create all that interest for investors and then just say sorry, we made a mistake and knew millions of shares were bought with intentions of gaining ESMG dividends. I had increased my own holdings by a couple million shares wanting to take advantage of that offer. How is it even legal to then not hold to that PR? It's not. This company has left a huge trail of deceit that has a timeline of events that can not be disputed.
I still hold all of my shares and haven't sold a single share ever....my value has dropped by so much I have no choice but to ride this crap-coaster out. I am gathering all the info I have and will plan my course of action all hinging on what see this company do to make things right.
Agree 100%.....this was a buy and hold stock for me. I'll wait for BLTA to do what they need to do to make this company profitable.
Just grabbed a few more shares......I feel this company is going in the right direction.
funny,...but true. I am down a few grand right now and can do nothing at this point but hold and hope for better days. DM deserves jail time for his dishonest conduct. The stock dividend with ESMG alone should put them all in jail. I don't know how that has happened without any hint of justice.
They would be smart to follow through on all their other PR's but they never do.....I don't trust them more than I can throw them.
I'm sure you'll get all the shares too.....just hope the company can correct the massive mistakes they made. I still hold quite a few shares.....remember, they have the right to RS any time they want right now.
I can't believe after all the silence and complete debacle of the dividend split that THIS nearly worthless PR is the first PR they release since. This company is clueless to how pissed off it's investors are.
please stop with these misleading posts.....the RS has not been canceled and if it ever is it will be PR'd by the company.
I definitely agree....I'm holding my shares and will see how this plays out. It's to late for me to sell at this point. I will see where this goes and be more careful with these penny stocks.
I am down a few thousand myself....def not happy with this company but I'll take any positive news that comes as heading in a better direction.
agreed,...so far seems like a positive direction
well, then that statement is mixed info....there was a settlement or the case was dismissed. I'm sure more details of what happened will come out but it seems that this is still as positive as we would have wanted considering this incident brought all the company momentum to a halt. I'm waiting with my shares to see what happens.
Would be nice to see a positive PR from PMCM ....I'm sure getting this court case dismissed was a huge hurdle.....maybe they can get back to the momentum they had prior to this massive disruption.
it wasn't a settlement,....the case was dismissed.
Court Dismisses Case Against Primco Management, Inc., ESMG, Inc. and Top Sail Productions, LLC in Iggy Azalea DisputeFont size: A | A | A
FROM ETRADE FEED:
3:17 AM ET 2/17/15 | GlobeNewswire
Primco Management Inc. ("Primco" or the "Company") (OTCQB:PMCM), a medical marijuana, real estate management and multi-media company, today announced the United States District Court of Los Angeles has approved a settlement between Iggy Azalea and the Company as well as its subsidiaries ESMG, Inc. and Top Sail Productions, LLC, which dismisses the case against them.
About Primco Management Inc.
Through its wholly-owned subsidiaries, ESMG Inc., Top Sail Productions and D & B Music, Inc., the Company operates as an integrated entertainment company with divisions in music and film production and distribution. Primco also operates in various aspects of the medical marijuana and real estate industries.
Forward Looking Statement
The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
CONTACT: Primco Management, Inc. (PMCM)
2211 Elliott Ave.
Suite 200
Seattle, WA 98121
United States
206-455-2940
contact@primcousa.com
http://www.globenewswire.com/newsroom/ti?nf=MTMjMTAxMjAzOTkjMzQ2OTg=
Have to wait and see how this all plays out now.
This document seems like first positive sign of anything since the dividend split debacle of last year....I'm very skeptical of anything really happening now but if the company was ever going to address the public and state their direction, now is the time!
reference link: http://docs.justia.com/cases/federal/district-courts/california/cacdce/2:2014cv07263/599388/72
how do these companies do these BS reverse splits and then increase shares again....isn't that flat out stealing from the public?! This seems to be a growing trend with all these dishonest businesses.
I'm right there with you Finkus and the topic you and I talked privately pursuing the investigation on this ticker. DM and Primco needs to be held accountable for how they lied and mislead the public for their own personal gain.
Rebrand is a good idea. iHookup was a terrible name and I can't imagine many people wanting to say they use that app. Rebrand done properly could really take off. The company has a very good design team and they just need to get their numbers up for downloads and users. Rebrand could really make that happen. I'll ride this one out and see where it goes.
same here buddy....I have about 4 million worthless shares of this garbage and I starting loading up when this was much higher in value. Big waste of resources. I have 2 stock that completely mislead investors and this was the worts of the 2. Thankfully I have made better decisions with others!
I will hold what I have and ride this stock to the earths core and hope that at some point in time it will recover. I will not put a penny more into it and I have no faith that DM will address what he should have months ago. ....Honesty would have been a better choice than silence.
I have no choice but to hold the shares I had.....at one point I had 4 million shares and unfortunately I believe this company was legit. I will hold what I have and if there's ever a bounce I will exit but I have already kissed my money goodbye a while ago. Thankfully I have other investments and a career to rely on! I just watch this to see what's going on from time to time now. Sad when there could be great potential in a company if leadership was honest and actually did what they say.
Little movement up today is nice....this stock just may gain some ground this year.
I have a few calls I'm holding off on just waiting to see how they conduct themselves going forward....if they don't right the ship soon there's always recourse.
You have to be kidding.....we all see your posts throughout all these tickers with screaming type. The overly positive or negative posts do nothing but warn everyone to not listen to what is written.