Sunday, July 24, 2022 9:42:00 PM
Jake has 98.9% of PMR. It's right on page 37 of the S-1/A. The Reg D offering did not specify share count, and (interestingly) they declined to disclose revenue/net value range.
NUVG will have to give value to the owners of PMR to acquire it. Take whatever the value is alleged and the PPS and do the math. That O/S won't hold it all, not even close, and even preferred shares would have to be convertible or it wouldn't be full value (the CEO already has voting control). If less than full value is given, that would mean PMR's value isn't what it's made out to be.
You cannot do "value" or PPS math until you know what the O/S is really going to be, NUVG's O/S owns nothing right now.
I swear I’ll never use the phrase “you can’t make this stuff up” ever again after being on the OTC. Apparently you can.
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