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$PFMS OS was 100 million when they stopped

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roger wilco Member Level  Friday, 10/11/19 09:23:27 AM
Re: yiannisf post# 32678
Post # of 33667 
$PFMS OS was 100 million when they stopped filing financials so most of the shares issued was when the company was in default of it's filings. It is very difficult and often impossible to convert shares if a companies financials are not up to date. That is a prerequisite of clearing houses.

I would venture to guess the float for $PFMS is less than 100 million shares. Possibly considerably less.

This company has been out of business since 2010. Many of the shares that where out on the streets have been written off many years ago.

Last filing by the old company:
10QSB/A 07/22/2008 05/31/2008

The reality is that the REAL amount of shares floating around on the streets is a lot more finite that even the float will suggest due to tax write offs.

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