Friday, April 16, 2021 12:06:50 AM
I don’t believe that those in control of the PMPG played games like that with this ticker, it has been imo a solid shell with a great share structure that could be used for something legitimate. The shell had switched hands over the years with various management coming in to make something out of it...but there always ended up being a hiccup leading to a failure.
Was that really the issue with the VHMC note holders? Dempsey explained how that filing was an attempt to remove the debts and notes from PMPG into a subsidiary (VHMC) and provide a clean slate for PMPG. Seems to me that didn’t work out as completely as planned?
Tony explained that’s what’s holding up the 10K during the zoom call. The issue of those VHMC notes, the issues shares that were given to those note holders and wether it was correct or not. I believe selling VHMC is more an attempt to differentiate VHMC from PMPG relating to that filing from 2018 you referenced.
From today’s call it seems clear to me that management is focused on bringing the patents into a marketable and tangible product. They don’t seem concerned with pumping the PPS in ways I have seen other OTC management groups do. That’s a good thing to me for the long run, yet it is a bummer for the short term,
Dempsey seems to have a better understanding of that filing from 2018 than what I can explain, maybe he will chime in.
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