Premier Products Group Inc (PMPG)

[Prudent Capitalist]

FACT: PMPG's share price at the close today is 42% lower than it was trading almost 7 weeks ago on January 4, 2018, the day before the January 5, 2018 PR announcing the new direction for the company.

This fact could be subject to many interpretations: investors and traders do not have confidence in Pope or the transaction; or investors and traders simply grew too impatient and sold; or the market does not believe the deal will happen given the track record and history of credibility issues with this company and CEO; or the share price was already grossly inflated on January 4 from where it had been trading several weeks before, due to pre-loading and hyped activity and predictions in December leading up to January; or that those who pre-loaded and showed up hyping PMPG in December have all made bank on the orchestrated pump and run/dump and have all moved on to the next operation with another ticker; or any number of additional theories.

Time will tell. However, it is indisputable that it should not have taken this long to get the financials current, given the lack of significant figures in the last released financial report for the quarter ending 9/30/16, e.g. no revenue whatsoever and just $84 in cash and total assets, and the fact that Pope had reportedly been working on bringing them current in connection with the announced Satic deal a year ago. Unless, of course, there is no money to pay a CPA firm, or there is not a CPA firm that will sign off on everything.