Prom Resources Inc (PRMO)

[DC168]

It seems the management is satisfied with the 0.0001-0.0002. They could have done more promotion to put the pps to respectful level. But they chose not to do anything. This is their business plan. They have their own agenda.

Looking back to ABFG/PRMO's track record, management had two major promotion. The first one was in summer 2007, after the R/S, there were lots of advertisement, new staffs and PRs. The second was in summer 2008, several PRs on gold shipments and sales, financial reports and new staffs. Then it went into hibernation
in 2009 & 2010.

According to financial reports, lots of things have been happening in the last 2 years. They could have send several PRs to update the business. They chose to send un-audited annual financial report only. Obviously, they want to keep the pps as low as possible, so that they can load the boat. They now own 1.5B common shares and 350,000 preferred shares. They may want to load more.

As I wrote before, management is sitting on a huge inventory with un-announced quantity and quality. Shareholders cannot benefit from it unless management release these information. IMO.