Performing Brands, Inc(fka PFOB)

[jibberjabber]

Missed this one........LOL

Yes, chapter 7 companies do come back from the dead......

Here is an example of one very similar to PFOB.....

http://www.faqs.org/sec-filings/091013/PEREGRINE-INDUSTRIES-INC_10-K/

Read the part under:

The Company was incorporated in Florida in 1995 for the purpose of designing and manufacturing heat pump pool heaters, residential air conditioners and parallel flow coils for the heating, ventilation and air conditioning industry. In June 2002, the Registrant and its subsidiaries filed a petition for bankruptcy in the U.S. Bankruptcy Court for the Southern District of Florida. The Company emerged from bankruptcy in March 2004 free and clear of all liens, claims and obligations.

In connection with the order of the U.S. Bankruptcy Court dated March 15, 2004, the Court authorized that Park Avenue Group appoint a new board of directors and authorized the issuance of restricted shares to the new management of the Registrant. The issuance of restricted shares to the Registrant's new management effectively resulted in a change in control of the Registrant. The shareholders of the Registrant prior to the bankruptcy proceedings remained shareholders of the Registrant subsequent to the emergence of the Registrant from bankruptcy. The Court order further provided that Registrant emerged from bankruptcy free and clear of liens, claims and interests. The court order authorized (i) that the existing officers and directors were deemed removed from office; (ii) the appointment of new members to the Registrant's board of directors; (iii) the amendment of Registrant's Article of Incorporation to increase the number of authorized shares to 100,000,000 shares; (iv) the issuance up to 30,000,000 shares of common stock, par value $0.0001, to the new management of the Registrant, which management was appointed by the newly-constituted board of directors; (v) the authority of the board of directors to implement a reverse split of the issued and outstanding shares in a ratio to be determined by the board of directors; (vi) the cancellation and extinguishment of all common share conversion rights of any kind, including without limitation, warrants, options, convertible bonds, other convertible debt instruments and convertible preferred stock; and (vii) the cancellation and extinguishment of all preferred shares of every series and accompanying conversion rights of any kind.


http://www.secinfo.com/d1ZC93.z3.d.htm


I currently have 6 penny stocks I am holding in my portfolio.
3 of the 6 is BK companies.......ROFLMAO!

PFOB
CCTYQ
WAMUQ

Two others are shells.

CWDW
ZUPC


Over the past 3 months, PFOB has been my strongest performer and the most entertaining. It is like being a Private Detective. Even in BK stories, they never appear as they seem.