Well.. Interesting... how things can be ignored or overlooked
1. The Pr.. said NOTHING about a buyout of the company.. only a portion.. look at the statement about management remaining in place.
2. There Has been dilution.. that is a fact.... Meaning all the calculations on .0023 for the value of what was being bought ARE NO LONGER VALID !! And The CEO.. EVEN WHEN REQUESTED... WON'T LET SHAREHOLDERS KNOW HOW MANY SHARES HAVE BEEN ISSUED TO THIS POINT !! Nor... did he even see FIT to let SHAREHOLDERS KNOW THE VALUE OF WHAT WAS OWED ?? $10,000 $50,000 ???? Hey at .004 for every $10000 they would have to pay... at least 25million shares.. And frankly.. I don't know anyone who would take it at face value... meaning... they would want a discount.. IMO..We hit the .0002 level.. during all this.. so I guess the number closer to 50 million or more per $10000 owned.. maybe even 100 million... so we could be talking 500,000,000 shares and again... who knows..
3. Since it was for part of the company.... there is NO guaranteed that Shareholders would get ONE CENT from that money !! Management could start an entire new venture.. Yep they have the money... But also... how much debt do they owe... You all know of course that Bourne uses one of his other companies based in Switzerland for.. Investor's relations... Do PMEA shareholders owe them money?? And how about all the space in Wyoming.. ah... if there is any... certainly a phone... but who knows where it goes.. Shareholder aren't told where Mr. Bourne works from... How much is owed for operations or rent... or are there any remaining expenses for the deal that went bad?? As the process goes on.... Every Day... The officers are owed more money ! Hmmm.. I missed the report on how much accrued Salaries are there??? So basically as the stock sits at the .0003-.0005 level... and Bourne remains silent... NO one except insiders... and those who have a better idea of share count... have no idea...what we have here..
4. Before the deal... Bourne outlined some things.. like the projected revenues.. and earnings for this year... Like... the contracts under discussion with a Gov't !! Also... He discussed the audited results coming down the line... Now ... There has been silence for 3 weeks... well other than WE DILUTED !! And any audit that was forthcoming.. is now meaningless.. since.. What PMEA owns.. and by the way... what they Thought they owned... before finding there was only a shell company... MEAN VERY VERY LITTLE...
5. Some here... bought some for the long term... and some shares for the short term... waiting... for the potential new contract!! Audits... maybe in April !! Final design of the Planes!! And of course... announcement of PRODUCTION !! People do invest for short and long term... But we already know... that not everyone can wait and wait.. for a stock... ESPECIALLY WHEN MANAGMENT IGNORES REQUESTS FOR UPDATES... AND... has a gagged TA. !!!! So we have seen dumbs reported to be as high as 38million shares.. because they found a better deal... and there is the wall of silence... We will continue to see people sell off all or bits and pieces...!!! just a fact of trading... REMEMBER THIS IS A PINKIE.. whose MANAGEMENT SEEMINGLY WAS SHAREHODLER FRIENDLY... BEATING THE DRUMB ALL THE WAY UP TO THE .0023+ LEVEL.... THEN DROPS A COUPLE OF BOMBS... AND ONE "OFFER"... AND DISAPPEARS FOR THREE WEEKS...!!
6.Management knows the price of the stock.. I find it interesting that the bill for Legal was paid off seemingly after the stock was attacked and dropped by what 70%?? Instead of when we were in the .002s !!! Hey.. if this is a great deal.. Hmmm... guess the Lawyers... got a good deal.. right???
7. We could find out soon.. where we are.. but the further the time.. more will go by the wayside... Volume is down big from the peak trading we saw... !! But again... Time IMO.. is not a good thing... and I have seen that in the pinkies over and over... when Management shuts off Shareholders... Many (note it doesn't say all) times.. when they come back on line so to speak.. bad news awaits !!
8. I still say... BOURNE OWES.. us an update... And NOT FLUFF.. BUT SOME STRAIGHT TALK... !! I see references on how long a deal can take to close... SO????? A private company owes no one anything well maybe Bankers and private investors... But a public company does owe shareholders information... AND IT DOESN'T.. HAVE TO WAIT FOR A FINISHED PRODUCT... !! Hey.. he told us about the offer... More clarity is needed.. just look at the word BUYOUT... and discussion on "where management will be"... some think they will stay with the planes.. others(myself included) believe they will stay with PMEA... And that is why I believe they are going to start another company...
Time for some updates... REAL updates.. lots could be said !! we the shareholders should be informed of where we are.. !! And that is NOT too much to ask... we don't need a book... just an update !!
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