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Saturday, July 08, 2017 12:08:44 AM
Q: What was the main reason the SEC suspended PGPM? And after the suspension what's the plan of the company?
A: the main reasons have been indicated by the SEC, we are responding accordantly each one of the inquiries. The red flag was the spike on the stock in a short period of time, the volume traded, and other fundamentals out of place.
Q: What, if any, contact do you currently have with the SEC? Many here are claiming that the suspension proves that fraud has already occurred.
A: Stock Markets induces investors to make purchase or sale decisions on the basis of information, every one of our disclosures has been accurate, disclosed as required by the OTC Markets Group. The stock spike on the price in a very short time, the volumes contribute to a big suspicion of a potential stock manipulation.
Q. The share adjustment from roughly 1.1 billion to 2 billion was a huge red flag for many. It seems to be that there were common shares that Pinedo owned from back in 2012 and he sold them over the past few months.
A: We can assure you that based on the certify shareholders list provided by the TA, that Mr. Pinedo or related companies do not have common stock since 2005, he decided a long time ago to only keep preferred voting's shares (non-tradeable) for control of the company.
Q. Suspension by the SEC has basically been a death sentence for OTC stocks. Have you hired a securities attorney to help with the SEC? Is the auditor able to help the company get back on an exchange that uses Market Makers?
A: yes
Conclusion: Anyone still wanna dump their shares???? I wish we traded yesterday, I would have picked up 25 million 2's and 3's and you people would have sold them to me right???? LOL!!!!
Now then, anyone have a guess as to where the market opens now with this new PR from the CEO???
My My My, How the sentiment has changed on a dime here...."dime", that sounds like a good long term target for PGPM LOL!, Seriously though, my end of year prediction of .0335 doesn't sound so far fetched now does it???
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