Here is the-SUMMARY of today's PTEL CEO-Podcast ...below!
PTEL CEO Anthony DiBiase speaking:
--- "A quick wish for a Happy and Healthy Thanksgiving. It's
one of my favorite Holidays I really love, and I hope everybody
enjoys their day tomorrow w/family and friends.
--- "Regarding the recent 10-Q Financials we just Posted:
As a matter of fact, I've really only gotten JUST ONE QUESTION
submitted about these Financials. Normally I wouldn't do a Podcast
for just one Questions, but I kinda got the feeling it's an issue
and Question that other people are festering-about, and it's also
a Question that I really wanted to Answer.
--- The Question basically is asking about an explanation for
the more-than Two-Billion-Shares that were Issued to me, in PTEL.
--- "Now as the CEO, I have to hold A CONTROLLING SHARE OF
STOCK IN THE COMPANY. That's why those Shares were issued. Period.
That was part of the "Control Block" that had to be Issued to me,
to ensure that I had at least 51% Stock Ownership in the Company.
--- "With that in mind, I'm going to have to increase that
number AGAIN, moving forward. Once you guys come over (from the
Corporate one-for-one ENTI-PTEL Share-Dividend/Corporate Action)
there will be roughly 12-Billion-Shares that will increase the O/S,
and I will have to own at least 51% of the Shares, either in
Preferred or Common, to have Control. So my number is going to have to
go up at some point again, to make sure I keep Control.
Please understand, that is the only reason that was done.
--- "I know people can be flipping out about the Value of those
Shares. That's an Accounting thing. They have to obtain or
derive a "Value," and then Record it actually as an "Expense"
on the Company. How they "Valuate it" is beyond me. They take
many factors. It's basically the Share-Price of the Stock at the
time the Issuance occurred. They try to do some-sort-of an
average, because that is not what the Stock is worth TODAY.
---"We have to take those Financials "with a grain of salt."
Here you've got the huge "Expense" on the Company, and all it
was,
was an Issuance of Restricted Shares TO ME which, as you know,
Restricted Shares to a CEO have SIGNIFICANT RESTRICTIONS ON THEM.
They're not the kind of Shares that I can Sell anytime soon.
As a matter of fact, it's A YEAR after I'm no longer Affiliated
with the Company, so those Shares aren't going anywhere. If ya
do any research on HOW a CEO can Sell Shares, it's practically
IMPOSSIBLE. I have never Sold ANY SHARES OF THIS COMPANY, and
I don't plan to, anytime soon.
--- "So now, I will Disclose a few things regarding the Share
Structure. The current Share Structure of the Company today
is 3,210,496,677 Shares.
--- "I am disclosing this information for a couple of reasons:
Within the Three-Billion Share Quantity above, which are Restricted,
I hold 2,448,000,000 Shares. ADD TO THAT the Number of Restricted Shares
that I will also Issue to Belmont Partners for Consulting
Services. THAT quantity is 131,281,541 Shares (that's actually in the Financials).
--- "If you add THAT NUMBER to the 2.4 Billion that I hold, and then
Subtract THAT Number from the current O/S, and you have a
Number of 631,215,136. THAT Number is THE FLOAT, the Number of
Shares that are out there and Tradable for Pegasus.
--- "So, to put it all in perspective, there is a FLOAT of
basically 600-Million Shares, when the O/S is 3.2-Billion.
If THAT is calculated-out, the Float is barely 20% of the entire Outstanding.
THAT is significant information you should be made aware of.
--- "It is, what it is. I have to have a Control Block in the
Company, and it WILL increase when the O/S increases, as expected,
when you guys "come over."
--- "A couple more things in those Financials, because I know
people sometimes like to make accusations about all Public
CEOs - about how they're just pocketing all the money. I haven't
taken A DIME from this Company yet. NOT A DIME. I'm surprised
nobody noticed THAT on the Financials. I have taken ZERO Payroll.
As a matter of fact, I have LOANED MONEY to the Company.
--- "So please let's have a little perspective on what I am
doing with the Company, and what my intentions are.
--- "I hope these Numbers help, and I hope that explanation of
the Shares that were Issued to me helped put it ALL in perspective.
--- "I wish YOU ALL a Happy Thanksgiving, and I'm lookin'
forward to talking with you all again SOON."
