Pennexx Foods Inc (PNNX)

[stervc]

RavenDusk1 (& All), Significant PNNX Understandings...

RavenDusk1, these PNNX thoughts you have shared are greatly appreciated as all should read below and understand:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153488182

I had seen where some were trying to label PNNX as a pump and dump. Nothing could be so far from the truth. I would have to ask two questions for those trying to label PNNX as such.

1. Where is the pump?

2. Where is the dump?

There is no pump here with PNNX. Heck, it's never been on the IHub Top 10 Forums List so that's proof that it's still under the radar to many investors still:
https://investorshub.advfn.com/

At one time recently, PNNX was not even on the IHub Top 50 Forums List for most read, but now is listed as number 29:
https://investorshub.advfn.com/boards/most_read.aspx

So... who is dumping PNNX? NOBODY! The Outstanding Shares (OS) has been the same 46,057,322 Shares and the Float is still 10,130,146 Shares and have been for years. Per the company... the company is 100% debt free and has no convertible debentures, or 504s, and will not entertain any 3(a)10 exemptions, or any other dilutive mechanisms that could hurt our shareholders.

So... who is pumping PNNX? In my opinion, NOBODY. Saying that a stock is going to the moon without providing the justification to explain through logical deduction for why a stock has such potential to do so could be considered pumping, but that's not what I have been seeing. I have been seeing a group of investors here within the forum provide substantial amounts of due diligence that clearly justifies that significant growth is yet still on the horizon for PNNX.

Ok, normally when a CEO publicly states that he believes that his company has potential to be a billion dollar company, it could be considered pumpish. However, when the CEO is one that sold his company to Paul Allen who was one of the founders of Microsoft, I'm inclined to believe that there is a good reason for him to believe such since he has rub some elbows with some billionaires. I believe his resume of achievements is justification for the PNNX CEO having the vision that he has. Initially, a billion dollar valuation might be considered a little crazy, but after doing further research, I learned that such was not crazy at all and could be considered something that is very likely to happen. Let's talk about why some of us investors have learned to believe as the PNNX CEO does...

Ualá was given a $1 billion valuation from the likes of Tencent and SoftBank from having only 1.3 million customers:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153423154
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153445549

For those that are new to PNNX, to understand that our beliefs here for where the company is going is not a pump, but instead excitement and belief for what we own as a great investment, read through the posts below...

Compare & Contrast**PNNX vs MELI a $32.9 Billion Co.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153463922

Compare & Contrast**PNNX vs RKUNY an $11.1 Billion Co.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153291599

PNNX vs Ualá...Compare & Contrast
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153259198

PNNX Subways & Sbarro's Connection
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153252388

PNNX Potential Buyout List
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153447315

Visa Is Acquiring Plaid For $5.3 Billion
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153336073

Paypal buys Honey App for $4 Billion
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153444133

Now let's rehash over some "Key Developments" for those who are new to PNNX and further confirm why PNNX is definitely not a pump and dump:

Key PNNX Developments

1 ** Pennsylvania Secretary of State (SOS) Updated and Active Confirmation and Explanation:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151354182

2 ** 25 Filings and Annual Reports from 2003 to 2018 filed to get current with OTC Markets:
https://www.otcmarkets.com/stock/PNNX/disclosure

3 ** Outstanding Shares (OS) confirmation of 46,057,322 Shares per Transfer Agent (TA):
https://www.otcmarkets.com/stock/PNNX/security

4 ** Authorized Shares (AS) confirmation of 50,000,000 Shares per Transfer Agent (TA):
https://www.otcmarkets.com/stock/PNNX/security

5 ** Float shares in circulation confirmation of 10,130,146 Shares per Transfer Agent (TA):
https://www.otcmarkets.com/stock/PNNX/security

6 ** PNNX Twitter:
https://twitter.com/pennexx

7 ** PNNX Website and TEAM:
http://www.pennexxfoods.com/about.html#team
(Two new websites coming soon.)

8 ** PNNX Tax NOL in the area of $34.9 Million PR:
https://www.otcmarkets.com/stock/PNNX/news/PNNX-Discloses-a-349-Million-NOL-and-Completes-Your-Social-Offers-Acquisition?id=243431

9 ** PNNX confirms the company is 100% debt free and fully funded:
https://www.otcmarkets.com/stock/PNNX/news/PNNX-Discloses-a-349-Million-NOL-and-Completes-Your-Social-Offers-Acquisition?id=243431

10 ** PNNX confirms no convertible debentures, 504s, or 3(a)10 exemptions:
https://www.otcmarkets.com/stock/PNNX/news/PNNX-Discloses-a-349-Million-NOL-and-Completes-Your-Social-Offers-Acquisition?id=243431

11 ** PNNX confirms there is not any other dilutive mechanisms existing:
https://www.otcmarkets.com/stock/PNNX/news/PNNX-Discloses-a-349-Million-NOL-and-Completes-Your-Social-Offers-Acquisition?id=243431

12 ** Acquired “Your Social Offers” as a wholly owned subsidiary per PR & 8-K:
https://www.otcmarkets.com/stock/PNNX/news/PNNX-Discloses-a-349-Million-NOL-and-Completes-Your-Social-Offers-Acquisition?id=243431
https://www.otcmarkets.com/filing/html?id=13677639&guid=-C7SUpV3q_BULth
“Your Social Offers” will offer pre-paid Master Cards, universal gift cards, loyalty and rewards program, the users will be able to utilize this system to choose from a list of categorized coupons and add them to a shopping list.

13 ** Acquired “Triple 888’s Logistics, Inc.” as a wholly owned subsidiary per PR & 8-K:
https://www.otcmarkets.com/stock/PNNX/news/PNNX-Acquires-Triple-888s-Logistics-Inc-and-its-Intellectual-Property-Bit-Gift?id=244020
https://www.otcmarkets.com/filing/html?id=13693187&guid=-C7SUpV3q_BULth
“Triple 888’s Logistics, Inc.” owns the intellectual property for BitGift, its trademark (“Bit Gift”) as well as the domain name bitgiftme.com. BitGift is an open loop prepaid gift card which can be redeemed for an equivalent value in Crypto Currency or used for real time redemption in fiat currency at any merchant in the world that accepts MasterCard.

Last, but not least, I think investors should be aware that the largest shareholder of PNNX is Smithfield Foods (over $15 Billion company), wholly owned subsidiary of WH Group Limited ($22.38 Billion company), a Cayman Islands LLC, whose controlling owner is Long Wan owning a 34.1% interest, has a greater than 5% interest by owning 12,510,161 common shares of PNNX:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153139714
glens0, with the updated PNNX Filings & Attorney Letter...

PNNX had stated that they are in the process of preparing the company to be a fully reporting SEC filing company with audited financials. I believe there were some minor, but yet significant updates to the filings that positions them to be audited properly:
https://www.otcmarkets.com/stock/PNNX/disclosure

First, it was indicated within the new Attorney Letter the additional information from the Lawyer indicating at the end of the letter that he has not had any kind of legal issues within the past 5 years of which was not within the initial letter sent:
https://backend.otcmarkets.com/otcapi/company/financial-report/238026/content

From what I have further seen after a review of the old and new filings and the Attorney Letter, it looks like they went back to add within the filings the holdings information of Smithfield Foods which is a wholly owned subsidiary of WH Group Limited, a Cayman Islands LLC, whose controlling owner is Long Wan owning a 34.1% interest of Smithfield Foods:
https://www.sec.gov/Archives/edgar/data/91388/000009138816000070/cy201510ka.htm#s

Smithfield Foods is worth over $15 Billion:
https://www.smithfieldfoods.com/sustainability/report/2018/smithfield-foods-at-a-glance

WH Group Limited is worth $22.38 Billion:
https://www.google.com/search?q=WH+Group+Limited&rlz=1C1CHBD_enUS840US840&oq=WH+Group+Limited&aqs=chrome..69i57&sourceid=chrome&ie=UTF-8

Long Wan has a personal Net Worth of $2.1 Billion:
https://www.forbes.com/profile/wan-long/#184c45713679

PNNX New Input to Filings:

https://backend.otcmarkets.com/otcapi/company/financial-report/238024/content

v/r
Sterling

PNNX recently tweeted that they are testing and on track for the launch of their first product next week. They indicated that they will also be submitting the first of their provisional patents and launching updated websites next week too along with sharing a video of their wholly owned subsidiary, Your Social Offers (YSO), in action:

https://twitter.com/pennexx/status/1220354702677815302

v/r
Sterling