InvestorsHub Logo
Followers 278
Posts 12043
Boards Moderated 10
Alias Born 02/09/2003

Re: tynich01 post# 127732

Monday, 06/16/2014 2:08:31 PM

Monday, June 16, 2014 2:08:31 PM

Post# of 148335
PVEI has three corporate officers. Peter Villiotis is the President, Marla Gomez-Orozco is the Corporate Secretary and Otilia Orozco is the Treasurer, Milan Saha is not an officer duly authorized to take corporate actions such as issue stock.

https://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=uyx9DfdRU25WJll%252fgaY8sQ%253d%253d&nt7=0

The Secrectary should have signed the cert or else the statement should have stated "Witness the signatures of a duly authorized officer and our securities attorney. Even the cheesy gold foil corporate seal is improper.

Although they can be stylized, corporate seals for publicly-traded companies have 4 elements: the name of the company, the type of entity, the year of incorporation and the state of incorporation. They are typically embossed or printed on the form, not affixed with cheap gold foil stamps.



PVEI's certs are very unprofessional. "Assessable" is misspelled as "assaasable." "Assignated" is not even a legitimate word. It seems they mean the certs can be assigned to someone else. They don't mention being convertible or redeemable. Instead of ordering blank stock certificates, they bought cheap generic certificate stationery that is used for things like certificates of appreciation, etc.

Example of a proper stock certificate with a proper corporate seal, signed by the CEO and Secretary of the corporaion as well as the transfer agent.

The defects in the Series C certs don't necessary mean they won't be redeemable, but they are very amateurish. Spending $4 on a gift distribution does make sense for a company that still needs millions in funding and continues to massively dilute.