Thank you for providing a breakdown, your insight was useless and didn't address the points raised i therefore add the following to clarify your distorted point of view:
1) iMO the 10q due may 15th won't be filed on time (given the company's previous history to meeting filing deadlines) and won't reflect the 10%-30% net income you maintain, in fact I would not be surprised to see a net loss. When you did your DD on this company you would realize that the gross revenues are deeply discounted and do not take in to account substantial returns. My point just like CF's, is to maintain a realistic view on the company and not a pie in the sky dream like most poster on this board. Do you not think that a Company reporting these types of revenue would not be a prime target for a m and a, would not somebody have stepped up by now and made an offer for a takeover, come on people common sense prevails. Should the financial reflect due may 15th what most people are stating then theoretically the stock should take off and at that point i will be the first in line to buy. The old adage buy on the way up.
2) I have copied and pasted an excerpt from the 8-ka filed april 3 for you review, please reread the part where it states that the shares were issued in consideration of the cancellation of accrued, yet unpaid wages in the amount of $1,300,000. Being fair the shares also satisfy a debt owed to a company owned by Dan and Alysa for debts incurred by Dan and Alysa, information obtained by doing your DD. I still need the logic explained to me, 60,000,000 shares come on people surely one can figure out the math doesn't jive.
Item 3.02. Unregistered Sales of Equity Securities.
On March 26, 2014, the Company issued 60,000,000 Common Stock shares to Daniel Wiesel and Alysa Binder, both officers and directors of the Company, pursuant to the exemption provided by Section 4(2) of the Securities Act of 1933. The shares were issued in consideration of the cancellation of accrued, yet unpaid wages in the amount of $1,300,000 and the agreement by The Watermark Company, Inc., a corporation controlled by the Daniel Wiesel and Alysa Binder, to purchase the Company?s interest in Pet Airways, Inc., a Florida corporation through which the Company formerly operated its discontinued pet airline. The sale of Pet Airways, Inc. relieves the Company of debts totaling approximately $1,000,000. The Company had agreed, in principle, to allow Mr. Wiesel and Ms. Binder to reacquire Pet Airways and settle their outstanding unpaid wages as soon as the acquisition of PDC/MESA was complete. The Company retains the ownership of the flight reservation system developed by the Company; however, Pet Airways, Inc. retains a royalty free license to utilize the system in perpetuity. A sale of the flight reservation system is being considered.
3) If the company is not cash strapped why is it doing this transaction:
On March 26, 2014, the Company issued 7,441,584 Common Stock shares to the Daniel T Zagorin Family Trust in exchange for $500,000 in cash.
Again do the math, someone is getting a good deal.
4) Dan and Alysa salary of 450k was just in the last year of PAWS when it was on it's spiral downward, please do you DD and look at the salaries previous. The 450k does't reflect their benefits which takes them over 500k.
5) I wish everyone good luck in this venture but go in with your eyes open.
AI
