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Makes perfect sense, the 4 mil was about 80% of the private offering offered 2/28. The two companies would appear to be on very good terms...
Always appreciate your insight, thanks!
In a little later than I wanted at .69, but it does look promising! GL
My portfolio could use a supernova...lol
Looking good!
Nice EOD, hopefully the start of a nice run! GLTA
Nice movement starting up....
Just hoping the shake knocked 'em off the fence.... :)
If the 'Chicken Littles' are gone, it'll definitely be a better afternoon!
Couldn't agree more, I'll be here with you. Have seen it before and there hasn't been any reason I've seen to be selling at this stage of the game. Much more to come here.
It's a game to work the price down, scares people out of their shares which we're seeing plenty of today.
Told myself I wasn't going to buy more, but couldn't resist.... :)
Couldn't resist picking up a few more down here...
Only hurts if you sell it there! I don't see it going there again. However, if it does I'll get as many as I can.
Long and strong, too much potential to get out of this one!
And still chugging....looking good!
Chart looks good today, now let's see what the volume does.
Appreciate the info! I missed the call and still need to read through the transcript.
Agreed something fishy going on there. This was trading nicely today, they might be able to hold it back for a little while, but not for much longer.
Starting to run up here. Let's see how high she goes!
In for a few, let's see where this goes!
Good news, just surprised me that the price target was set at $2.50. Seems like there's much more potential here...
1.5 million block purchased at 1.40. I'd say someone feels positive about the future.
Not sure what to think of it. I thought it was a positive that it didn't have a flat line ceiling all day and that it hit the 1.07. However, I would have thought it would have started stepping up from there. Maybe because of the 3 day weekend, but to be honest, I have no idea it didn't move up more.
Nice run up to 3.40 EOD without news, maybe there's something pending. GL
Definitely a game, but I think the multiple block buys are good signs. We know once some solid news hits here, we'll be rewarded for the patience. GL
Five block buys of 150k to 250k in the last hour. Looking good...
A million plus bid @ 1.00, may get interesting today.
It's gotta break at some point. Unbelievable the way they've kept that straight line sideways trading for the last couple of days. Soon....
Looks like one PR today, another expected next week:
PM&E, Inc. Business Model Attracts New Financing Package Favorable To Company & Shareholders
MARKET WIRE 9:13 AM ET 2/17/2017
Symbol Last Price Change
PMEA 0.0017up 0 (0%)
QUOTES AS OF 03:17:53 PM ET 02/16/2017
CHEYENNE, WY and SOUSSE, TUNISIA -- (Marketwired) -- 02/17/17 -- Aircraft manufacturer PM&E, Inc.(PMEA) announced today that it has reached a business financing agreement with a very favourable lender
CEO Joseph Bourne stated, "Our recent announcements, business activity and partnerships have all garnered new interest among the business financing community. One company in particular has stepped forward and taken ownership in financing our immediate business plans under very favourable terms. Yesterday we signed a 10 million dollar Term Sheet with GHS Investments, LLC in New York. This move is important because it has resulted in a significant improvement of the terms under which we can access capital on an as needed basis. We are pleased to be working with GHS and will commence with becoming a fully reporting company via the filing of a Form 10 registration immediately. The registration will allow for a higher degree of transparency and reliability for our long-term investors."
Mr. Bourne said, "In light of this new direction via an S-1 filing, the board and I have decided to terminate the original 10 million dollar Reg-A deal with GPL Ventures, LLC. They are a great company and we appreciate their willingness to support the growth and development of our company, but at this point, this new direction is a better fit for our long term strategy."
PM&E, Inc. (PMEA) is an aircraft company with a contracted manufacturing facility located in Sousse, Tunisia. The company is in the process of implementing a modern manufacturing plant in Tunisia and securing a facility for aircraft assembly in Wyoming. The company manufactures their signature line of EVADA Aircraft. Through a strategic partnership, DiNelly EXOGYRO also manufactures their commercial ultra-light gyrocopters at the same facility in Tunisia creating synergies and cost savings for both companies through a shared resources and revenues agreement.
Mr. Bourne went on to say, "It quickly became obvious to us that a company of our size and scalability required a more structured and streamlined process for accessing operating capital. Banks and other institutional investors look more favourably upon those companies that raise capital via a Form 10 filing and an S-1 registration. In fact, we are already in preliminary discussions now with some of those same institutions for additional support over the long term. We have additional news that we plan to share next week, but in the meantime, as always, we'd like to thank everyone for their support."
Some interest here in pre market, will see if it carries through the day. Seems to be a positive reaction to the hs-410 poster.
2.41 million common shares priced at $2.90 per share is the offering price.
Looking good, shouldn't be long now before this gets kick started! Thanks for posting.
I agree, it's coming. I can wait, or pick up a few more in the meantime. GL
An hour ago, I was expecting it. Not so sure now....
I accumulated a few more for the cause. Looking for this PIP to POP!
Hopefully, you're stop didn't kick in. Moving back up decently today.
After reading the 8k's again, here's my current take...I think the offering announced on the day the merger was announced was required as part of the agreement:
"In accordance with the terms of the LOI, Bendon agreed to introduce investors to the Company, which are not affiliated with Bendon, to participate in a financing resulting in aggregate gross proceeds of up to $2.5 million, subject to adjustment as set forth in the LOI. Such investors are participating in the Offering.
On January 13, 2017, the Company issued a press release announcing the Offering. "
It's late, so this is probably stretching a bit, but in one of the 8k's it states that Bendon has an outstanding demand promissory notes of 5 million. It says they were going to restructure the terms of the notes, but maybe both companies agreed on the additional offering so that the 5 mil would be carried into the merger to pay those off? I'm with you on not understanding why they would need the second offering, so I'm grasping here.
The only penalty I see is Bendon being granted 2.5 million shares if the deal isn't completed by anything other than Bendons action/inaction resulting in a failure to reach a milestone.
Thought I saw something starting to happen there, likely just a hallucination...Wasn't attempting to mislead anyone. Thanks
Yeah, I don't buy that the share sale was to support day to day operations, since the agreement was only pushed out a month. Wondering if some type of debt needs to be cleared prior to the merger? There is a clause about not selling the shares below a price authorized by the company. Don't like it, just hope they don't shoot themselves in the foot. Been in this one for a little while, will see where it goes...
Wrong board I know, might want to start watching HTBX. Low floater with 20% short.
Looks like this is gaining a little momentum in the right direction. HTBX