Premier Products Group Inc (PMPG)

[ME93]

Letter from the Chairman PMPG

Premier Products Group, Inc. (PMPG)

'Again, Rome was Not Built in a Day'

OCTOBER LETTER TO SHAREHOLDERS

Addressing the Issue of the Expert Status on OTC Markets.

Dear Shareholders,

Who can access the Expert Market?
Quotations in Expert Market securities are restricted from public viewing. Only broker-dealers and professional or sophisticated investors are permitted to view quotations in Expert Market securities.

Despite the restrictions on who can view quotations, the Expert Market does not impose restrictions on who can trade securities. Rule 15c2-11 governs a broker’s ability to submit, publish or distribute quotations (i.e., bids and offers) in OTC securities. The Rule does not apply to the underlying transactions or the ability of an investor to buy or sell a security.

How did we get here?
PMPG could have provided completed financials to the Auditor in time to file the 2nd Quarter financials prior to the 15c2-11 amendment date of September 28th, 2021. After lengthy discussions, the Auditor decided that PMPG’s Accountants have to amend the 2020 10K filing and 2021 1st Quarter 10Q filing prior to filing the 2nd Quarter 10Q filing.

The Auditor overlooked in prior filings, the non-booking of derivatives on liability notes. At this point, it was PMPG’s understanding that PMPG cannot file the 2nd Quarter 10Q filing before the amended filings are completed. Due to the extremely short and limited time frame to complete the amendments, PMPG could not complete the two amended filings and 2nd quarter filing prior to the September 28th 15c2-11 amendment date. The non-filing resulted PMPG to be classified to the Expert Market.

Could PMPG prevented the Expert Market corporate Action?
PMPG met its obligations to the Auditor and PMPG could have provided the financials on time for the Auditor’s review to file the 2nd quarter financials. While the Auditor had five (5) months to review and amend the prior filings, the Auditor made the decision to amend the prior filings in early September. This extremely late decision by the Auditor put a strain on PMPG and the Accountants. PMPG and the Accountants worked day and night to complete the amended financials for the Auditor’s review in a limited time frame.

Shareholder Transparency
Shareholders please note as a fully reporting company, the Auditor have the final say on PMPG’s audited and reviewed filings. The Auditor’s decision to amend the filings were completed in the ‘Spirit of Transparency’ to PMPG’s Shareholders.

Next steps to go back to Pink Sheet current
PMPG is currently working on the process to become Pink Sheet current again. PMPG will give Shareholders updates as soon as updates come in.

Takes Investment to run a company
Currently, PMPG is awaiting a ponding letter of intent for a credit line and waiting on the lender to provide loan documents to close. PMPG will keep shareholders updated as information comes in.

Summary
As the CEO of PMPG, I am taking the recent developments seriously and the PMPG team is working hard to rectify a situation that PMPG could not avoid. Shareholders are upset and should be upset based on the recent developments.

In my prior communications and opinions, I stated, “Rome was not built in a day.” Which means PMPG is a long-term play. If you believe in PMPG before, stick with us while we work this matter out.

Tony Hicks
Chairman and CEO
[e-mail]

https://pmpginc.com/about