I'm reading a lot of negative speculation lately. Unfortunately, all it is is speculation without any actual proof.
First of all, there is no dilution. No shares have been added to PNTV. Your ownership share of the company hasn't changed. The Jujuy contract is a company asset that was currently not producing any income (i.e. zero revenue). It won't produce any income without further investment. One way to finance the project would have been for Mark to sell shares of PNTV and do actual dilution. Another way was to sell shares in the project itself. Just a very important observation folks, any share of zero revenue (even 100%) is still zero. We now have a way of financing the project and getting a share of real money into PNTV.
Second, GLFI is still just a subsidiary of PNTV and PNTV has controlling interest. Investors in GLFI increase the asset value of the subsidiary and, contrary to dilution, increase the value of your shares of PNTV.
Third, there is no proof that Mark and Brett will be getting any additional income from GLFI. There is zero evidence that Mark and Brett are making excessive income or profit from the company or are consciously trying to rip off investors. Nobody works for free. One can make a case for their incompetence based on past performance, but I'm not buying that they are simply scam artists.
Fourth, there is plenty of reason for optimism that the company may have turned the corner based on their current business plan. It takes time to grow plants and set up operations. I'm not saying one should blindly invest but I'm sitting on some shares until I get a better feel for whether they can pull this one off. GLTA
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