Thursday, February 01, 2018 10:06:56 PM
Speaking of ridiculous = PKGM
They filed their annual report with OTC markets on Monday
https://www.otcmarkets.com/financialReportViewer?symbol=PKGM&id=186352
It showed that during the year ending October 31, 2017, PKGM issued 4,531,486,251 free trading shares of stock for the conversion of $404,128 in convertible notes payable and accrued interest.
That made the float 5,867,439,883 shares where it has remained through last week (January 26, 2018).
The annual report also showed that PKGM still had $768,623 in convertible Notes on the books convertible at an average of 50% below the lowest closing price over the previous 10 trading days. That's a crap load of shares (upwards of 7 billion - 14 billion new shares). Listing the toxic Notes took up 5 pages of the annual report.
https://www.otcmarkets.com/financialReportViewer?symbol=PKGM&id=186352
David Lovatt, the PKGM CEO, has a history of running penny stocks into the ground with dilution. DNAD, CLDR, ENTS, IJJP, CLDZ were all pinkies that Lovatt ran that got diluted to worthless.
Anyways, with the next round of conversions due what does the PKGM CEO do? David Lovatt took to twitter where he retweeted a few cryptocurrency tweets then made a tweet of his own on January 31st saying "We are ready for a big change and hope our loyal shareholders are too !!" with the hashtag #cryptocurrencies
https://twitter.com/pocketgamesinc
That helped kick start a big message board/social media pump for PKGM.
Then today he kept feeding the mob with two more tweets promising up coming news
With nearly 4.5 billion shares of volume the past 3 days, the very bloated PKGM shell actually moved to $.0005, but this one is a recipe for disaster. Assuming we don't see the sell into the news effect that is so common with these types of plays, the new dilution is bound to eventually kill the momentum and eventually park PKGM back at $.0001/share.
At this point, besides the obvious crypto speculation that Lovatt created because of his tweets, there is also a fairly new Wyoming business entity started by Lovatt named Green Light Developments LLC that people are speculating will be involved in the #newdirection for the dirty old shell.
https://wyobiz.wy.gov/business/FilingDetails.aspx?eFNum=057181168069193081217176165011218045179176213117
The amount of scammy subpenny tickers using buzz words like cryptocurreny, bitcoin, and blockchain to reignite their tickers for new rounds of pump & dump action is just crazy.
PKGM, DRWN, CHIT, IFXY, GRDO, ELAY, BAYP, MRNJ, SEGI, GTRL, TAUG, GTLL are some i remember off the top of my head
They filed their annual report with OTC markets on Monday
https://www.otcmarkets.com/financialReportViewer?symbol=PKGM&id=186352
It showed that during the year ending October 31, 2017, PKGM issued 4,531,486,251 free trading shares of stock for the conversion of $404,128 in convertible notes payable and accrued interest.
That made the float 5,867,439,883 shares where it has remained through last week (January 26, 2018).
The annual report also showed that PKGM still had $768,623 in convertible Notes on the books convertible at an average of 50% below the lowest closing price over the previous 10 trading days. That's a crap load of shares (upwards of 7 billion - 14 billion new shares). Listing the toxic Notes took up 5 pages of the annual report.
https://www.otcmarkets.com/financialReportViewer?symbol=PKGM&id=186352
David Lovatt, the PKGM CEO, has a history of running penny stocks into the ground with dilution. DNAD, CLDR, ENTS, IJJP, CLDZ were all pinkies that Lovatt ran that got diluted to worthless.
Anyways, with the next round of conversions due what does the PKGM CEO do? David Lovatt took to twitter where he retweeted a few cryptocurrency tweets then made a tweet of his own on January 31st saying "We are ready for a big change and hope our loyal shareholders are too !!" with the hashtag #cryptocurrencies
https://twitter.com/pocketgamesinc
That helped kick start a big message board/social media pump for PKGM.
Then today he kept feeding the mob with two more tweets promising up coming news
With nearly 4.5 billion shares of volume the past 3 days, the very bloated PKGM shell actually moved to $.0005, but this one is a recipe for disaster. Assuming we don't see the sell into the news effect that is so common with these types of plays, the new dilution is bound to eventually kill the momentum and eventually park PKGM back at $.0001/share.
At this point, besides the obvious crypto speculation that Lovatt created because of his tweets, there is also a fairly new Wyoming business entity started by Lovatt named Green Light Developments LLC that people are speculating will be involved in the #newdirection for the dirty old shell.
https://wyobiz.wy.gov/business/FilingDetails.aspx?eFNum=057181168069193081217176165011218045179176213117
The amount of scammy subpenny tickers using buzz words like cryptocurreny, bitcoin, and blockchain to reignite their tickers for new rounds of pump & dump action is just crazy.
PKGM, DRWN, CHIT, IFXY, GRDO, ELAY, BAYP, MRNJ, SEGI, GTRL, TAUG, GTLL are some i remember off the top of my head
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