Friday, October 15, 2010 12:30:00 PM
If you know that world, you would know that when you sell a shell, the principals (in this case Gerald) can't just pull their names off of it and change the address. Not to mention Gerald has experience running these companies. I'm sure part of the sale price included Gerald staying on and handling the securities administration needed to maintain the company. The new owner of PROM is a gold speculator from Thailand. You think he has experience doing investor relations or dealing with the SEC and FINRA filings? Doubt it.
So naturally the address stayed the same, they kept the same transfer agent. They probably had the same attorneys too. And maybe Dror paid Dave Young to handle investor relations. And maybe Gerald believed in the story and bought stock and lost money too. Again, you have no idea what happened.
You lost your money in a bad investment... so you started digging around looking to blame someone. Gerald didn't get you into the stock- you bought it on your own... After digging around, you guys saw Gerald's name, saw that Winmax had the same address, same investor relations person, same transfer agent and started speculating that somehow WNMX profited from your loss.
Someone posted a message of a conversation with Gerald that he told them he thought the stock had huge potential, so all the sudden Gerald is a promoter... Winmax has a gems operation in the same country, all the sudden Winmax is stealing gems from PRMO shareholders.
You guys have no proof anyone at Winmax made money from PRMO... or even ever owned the stock. you guys have a wild crazy imagination. WNMX stole PRMO gems and then shorted the stock, and then sold the gems under the table to a haitian dealer and then shorted the dollar and sold mortgages to poor mexicans causing the housing crash.
I have a more realistic scenario-- Gerald sold Dror the PRMO shell for 150k or 200k and agreed to stay on to handle the administration work. Dror probably threw 50k to Dave Young to explain to investors what the company does.
At some point you guys have to move on... or call the CEO of prom and ask him for some answers.
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