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Re: $heff post# 1265

Friday, 04/27/2007 12:30:13 AM

Friday, April 27, 2007 12:30:13 AM

Post# of 5754
Scott Goldsmith, CEO, also told me that you only have one chance to introduce a company in the U.S that has reversed merged. What he is doing b/w now and closing is working with institutional investors before the close of the deal so that big money is on board before the deal is closed. He stated that he already has interest from inst investors and is pursuing opportunities for the "new" company that will be formed. He stated that he has the most to lose of anyone and the most to gain if he sets this "new" company up for success in the U.S.. He is giving up his shell of his company but he has a lot of shares of stock with PVNC. He knows that with this merger and more money going into PVNC pre merger that the company will trade on at a higher price and move to a higher exchange. Getting institutional interest to buy into the new company before the deal gets done benefits both the investor and new company as the goal is to get the new company to trade on AMEX. Scott Goldsmith has a vision for this company and the shareholders and he will not do anything to garner additional unwanted exposure that could slow or halt the deal.
This was posted earlier by Raggs i believe but I want to share this article again. This situation applies to PVNC more than any other company in a RM at this time.
http://www.businessweek.com/magazine/content/07_10/b4024067.htm?chan=globalbiz_asia_today%27s+top+st...