Thursday, June 19, 2014 9:27:44 PM
Your 144 claim is only applicable for converting to shares. I see my certificate as something that I will redeem to the company for cash. Like cashing in a rebate form. There is no 144 rule with that.
If all that the company has just finally announced to we shareholders is true and it seems it is since he would be in big trouble here and there if not true, then the company will not have trouble paying their shareholders the 4 million dollars.
PVEC might have plenty of money coming as part of an investment guarantee if once they secure a kind of collateral and it looks like that might be the land or maybe even the ship. Whatever it is they have gotten someone's attention who might or most likely will help them with making an awful lot of money for a very long time.
If they have the backing Mr Villiotis has mentioned in his statement a RS would not be necessary and the market will take care of the pps while the company is making revenue and working in partnership with already established companies who often do work with small companies for many reasons. It usually ends with the big company making even more money than they do now and that is business.
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