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I hope so.
If we take current MC of $3.6m, and that the OS is 260m, w/o 180m lost shares, the corresponding PPS would be $.014 rather than Friday’s close of $.0089
Hi Max
Since the OTCs are notorious for scammers, liars, and bashers. Below are quotes and their sources:
Authorized shares: "The company is authorized to issue 1 billion shares, not 10 Billion shares as indicated on OTC markets. Whist the Delaware SOS does state 10 billion shares authorized, be advised that this information is pre reverse split which occurred back in 2009, and is stale dated. We remind our followers that this information has not been updated for the past 9 years. This is all in the process of being updated."
Source: https://adsvcorporate.com/
Real Outstanding shares and float: "The current outstanding shares reflected with the company transfer agent and the transfer agent is about 411 million shares. The shares in the “street name” is about 230 million shares. The difference or 180 million shares was lost by the beneficiary. These shares were in the process of being returned to the treasury for a non-completed transaction, when the loss occurred. The insurance or bond expenditure is too cost prohibitive for the company to acquire the bond. Because of these shares’ restrictive nature and all sides in agreement of the loss it is in the managements opinion that this 180 million share tranche will most likely never enter the market. The current float and outstanding shares in the street name is about 230 million shares."
Source: https://www.sec.gov/Archives/edgar/data/927454/000168316820000194/adsv_8k.htm
The Good news seems to be: "The company has successfully renegotiated a settlement for the State tax outstanding. The State filings are in process of being updated and finalized. The current sum of $600,000 has been resettled at about $30,000." Source: https://www.sec.gov/Archives/edgar/data/927454/000168316820000194/adsv_8k.htm
However, no update has been posted in March as anticipated in the 8-k. Source: https://icis.corp.delaware.gov/ecorp/entitysearch/NameSearch.aspx
Bought big today. Believe you me!
stervc, the share structure is much better than the numbers you see on the stale OTC Markets page. I will share findings and links over the weekend.
Right, sosjtb. They’re anti-pumpers. You know that when they give you a straight answer that it would take 24 months for SRT to realize revenue and profits from these patents. To me, that spells credibility!
I thought his response was in regards to going after the illegal issuance of shares to VHMC Noteholders. I will review the recording when they post it.
I agree. Great meeting! While the long term looks good, imagine this: PMPG finalizes their litigation strategy and selects a law firm to start going after violators (this could possibly be initiated within a couple of months). The large law firm takes a month or two to study the case, outline their approach, and work out a deal w/PMPG to take up the litigation for 30% of $$$ collected from violators (at no cost to PMPG except for research technical and business support to build the case).
Once news comes out, people will take notice of two things: lawsuits revenue AND the real value of these patents going forward. All of a sudden. the long term draws very near!
Important presentation via Zoom ongoing now...
https://us02web.zoom.us/j/87010859221?pwd=RFFYNjZxQzNMV0U5dWVFRVkxdS90dz09#success
Well put, sosjtb. I am holding hope for some value in VHMC. It wouldn’t make sense for the company to have shares and offer PMPG shareholders shares in it if VHMC’s sale didn’t bring some value. We’ll see.
I appreciate your analysis w/o the usual pumping and bashing we see on these boards!
Link to the Investor Call at 9AM PT:
https://twitter.com/pmpg_inc/status/1382399316698943492?s=21
Update from the CEO: https://pmpginc.com/about
Hello Friends,
We are into the 2nd Quarter of 2021 and I call this period of PMPG's history, 'The Aftermath".
Our 10K for 2020 will be a few weeks late due to the exhaustive verifications and due diligence by our Auditor and Accountants verifying shares and noteholders balances. I rather be late and accurate, then on time and have errors. The inappropriate issue of shares put a strain on our Accountants to make sure our Shareholders are properly informed. I want to personally thank them for their exhaustive work.
Last week I went to our engineering lab in Texas to see the SmartRoad™ Turtle prototypes and they are impressive!
Updates:
• Non-Disclosure Agreements does not allow PMPG to speak on the status of letters of intents, agreements and names of our potential partners
• PMPG sold the subsidiary Valley High Mining Company to a Data company in March 2021
PMPG will be sending out information on shares to PMPG shareholders soon
• Our Joint Venture partner SmartRoad™ Turtle, LLC signed letters of intent to market, sell and distribute SmartRoad™ turtles in South America and Deep South Communications to distribute road turtles in the State of Louisiana.
• PMPG and PPG/Ennis Flint decided to halt discussions. PMPG wants to leverage the patents, begin licensing and begin manufacturing road turtles before discussing a favorable deal for PMPG.
Again, thanks for your patience.
Tony Hicks
Chairman and CEO
I doubt anyone is expecting revenue in the 10K. They were still setting up the business infrastructure of the company.
I am looking forward to the 10Q. Quite a bit happened in Q1 including the Valley High Mining Company. Yesterday’s news with Deep South Communication moves PMPG a step closer to monetize the smart road patents. DSC has government ties, experience with government contracts at multiple levels of the government (federal, state, local) and an existing customer base. The critical link here is the initial manufacturing which should start after extensive testing and adjustment of the prototypes we saw.
It seems the company is on a good path putting the pieces together. Let’s wait to hear directly from the CEO. It does not happen often that an OTC company holds a video conference with shareholders. I have attended one before and it was very informative.
On illegal shares, it seems like a cost/benefit decision. How much do you take away from the growth budget to spend on legal action. Tough equation when you have limited resources. I hope we hear more during the call.
On the PPG, It seems the Deep South Communications LOI will accomplish the required proof of concept to have a stronger negotiating position w/PPG.
Finally, I wish whoever manages their Twitter account would use discretion and not respond to other accounts. Not a good idea to announce such important information!
Great news! This is a major milestone.
I think between this PMPG new management taking over and the departure of the CFO, the 10K got held up. I am fairly confident they will file in time. On E-F, I am not expecting to see more than what they released in the initial PR. There’s little doubt they are under an NDA until the parent company, PPG, finishes its own due diligence. PPG has been talking intelligent roads for driverless cars for a few months now. That couldn’t be a coincidence!
I am not expecting much in the 10k except that they should file it on time. There has been activity in Q1 and I look forward to receiving some details about these activities. Most important is what’s happening with SRT partner negotiations.
I don’t know how many shares he owns, but this will be court-mandated shareholders meeting once the default judgment is announced.
Thank you, Justfactsmam!! It just doesn’t end.
Thank you, dreamer0. I do not know how to produce hover/mouse over effect on iPhone.
Anyone knows what the green check mark next to the researcher(s)’ names mean here:
https://n5jmsbxmagfgwcqbzyk6vospue-jj2cvlaia66be-clinline-ru.translate.goog/reestr-klinicheskih-issledovanij/705-17.12.2020.html
Pending deal is possible. I think this will be the first filing by this new management and that is always a challenge. It doesn’t help that the CFO resigned a few weeks ago. Hopefully, they can get it out in time during this grace period.
Good call. Thanks!
Just a word of caution here, the 1:1 PMPG:VHMC share ratio was promised as part of the deal with Regal Holdings, Ltd that got cancelled. PMPG did not promise the same ratio as part of this new sale to DSCI. It may be the same, but the PR only stated that “As part of the transaction, PMPG, as the sole shareholder of VMHC, will issue some of its VMHC shares to its shareholders.” The ratio was not specified!
Sunshinegirl, PMPG has been in talks w/EnnisFlint, one of the largest manufacturers of road markings in the world, since the end of last year. PMPG expected to sign a Letter of Intent w/them based on PMPG’s patents and prototypes. In January 2021, Ennis-Flint was bought by PPG. So, these discussions have now moved to PPG. There are NDAs in place that prevent PMPG from disclosing information w/certain potential partners. However, there have been hints from PMPG of expectations to sign an LOI in Q2. Hope this helps.
Here’s the link w/translation: Russian site for clinical trials now showing Brilacidin trials ending 3/31/2021 (it previously showed it as Sep 2021).
https://fggr2v3hrfu4um3bqptsigumpe-adwhj77lcyoafdy.translate.goog/search/index1.php?q=IPI-BRIc-201&s
This news has potential, but we need to know more so we can properly evaluate it. Data Smart Company was incorporated last Friday, 3/26/2021. I would guess PMPG and the individual(s) behind this company have been talking and are comfortable with each other to be able to make a deal this quickly.
Since Data Smart Company doesn’t have any history, we need to know the individual(s) or entity/entities that formed it to properly assess them.
We also need to know more about VHMC; what were its assets? How will its debt to the named note holders in the recent barrage of 8-k filings be paid or restructured? What is VHMC’s value? Will DSCI do business w/PMPG? Is this the technology play PMPG referenced before?
We need answers to these questions. However, this doesn’t change the incredible potential PMPG holds, especially through SRT.
Based on the Q&A script that Keeloh posted (# 76547), Mark said he will let us know as soon as he hears back from his lawyer. Of course the lawyers must wait for the court to formally enter the expected default judgment. When will that happen? It’s tough to guess the speed of the court. The good news is the response period has passed and this seems to be a matter of a few days now.
Case No: 502021CA001801
If you want to be among the first to find out, keep an eye on updates to the docket here: https://appsgp.mypalmbeachclerk.com/eCaseView/search.aspx > sign in as guest > enter the case number > see dockets
On December 29, 2020 / Premier Products Group, Inc. (PMPG), (OTC PINK:PMPG) announced it has begun the process for DTCC/FAST protocol... “This significant achievement underscores the effectiveness of the current management team in getting the company on solid footing and positioning it for future growth.”
https://finance.yahoo.com/news/correction-premier-products-group-inc-024500046.html
Since this process started we around 50m shares were slowly added over the past 4 months under DTC.
In the same PR, they let the cat out of the bag and announced their expectation of signing a letter of intent w/Ennis-Flint. 3 weeks later, Ennis-Flint got bought by a $34b (actually now, PPG’s Market Cap is $36.68) which pushed the schedule back by months.
Here’s an update as to what has transpired since that PR.
On Feb 17, PPG’s CEO let another cat out of the bag. Not in a PR, but in an interview w/a Yahoo reporter. He spoke about Ennis-Flint getting into intelligent transportation systems meant to support the future of autonomous driving. https://finance.yahoo.com/news/we-are-long-overdue-for-an-infrastructure-bill-ppg-industries-ceo-174602304.html
PMPG/SRT own 21 smart road patents. Tony Hicks expects some LOIs to be signed in Q2 (starts next week). The dots have been connected. Be patient!
Suez Canal blocked by 400 meter long vessel that ran aground due to wind and poor visibility. Rather than halting 12% of world trade and costing millions in insurance, how about installing smart turtles on the banks of all important canals worldwide. Vessels can install simple sensors to keep them in safe water. Maybe install on ports to help guide vessels. Effective low-cost solution to a costly problem.
Thank you for sharing, keeloh6. This is incredible and a must read for all. Moderator, please pin!
Thank you, Farrell.
That’s what I thought, but thought to check since you have an interesting mix of big picture and ability to dive into details. Thanks for your response and for your DD on multiple stocks (IQST, PMPG, ADSV, and of course, NWGC).
At the end of the Viruses B article (https://www.mdpi.com/1999-4915/13/2/271/htm), the authors stated:
Further research will be conducted in the context of other lethal coronaviruses (MERS-CoV, SARS-CoV) toward assessing the potential of brilacidin as a broad-spectrum inhibitor of coronaviruses.
Anyone knows the timeframe for starting these studies or if they are already in progress?
Thanks for sharing your DD on NWGC! Do you know if the OS count on OTC Markets has been superseded by any filing or is the 2.4b shares accurate?
Does anyone have an updated OS count or is the 2.4b, per OTCMarkets (Feb 2021) the current OS?
PPG/E-F need to do quite a bit of DD of their own. I don’t see similar technology within the existing E-F product lines. This will be a new line of business for them.
They also have to work out various roles throughout the value chain from manufacturing all the way to the various revenue streams and all steps in between. While not all of this needs to be resolved prior to the LOI, a PPG size company is very careful, also read very slow, w/new lines of business. If by the end of Q2 nothing materializes, then it’s definitely time to seek other partners.
weo, In Tony’s February message to shareholders (was on pmpginc.com/about but has since been replaced by his March letter) he stated that certain Non-Disclosure Agreements with potential partners prevent them from revealing who they are in discussions with. He also stated that they expect to finalize and sign some Letters of Intent during the second quarter, just 2 weeks away now.
I can’t predict prices, but I expect a substantial appreciation if this small company that owns 21 patents signs an LOI w/a $34b company. Expecting good things to come!