Primco Management Inc (fka PMCM)

[hedge_fun]

It's run like a MOFO with MOMO 4 SHO......but

where do you think 202MM shares came from Friday?

Also, please explain the volume since May 31st if converted shares aren't being dumped. The company warned of dilution when they raised the AS count, remember?

The purpose of the increase in common stock is to increase the number of shares of our common stock available for issuance to investors who agree to provide Primco with the funding it requires to continue its operations, and/or to persons in connection with potential acquisition transactions, warrant or option exercises and other transactions under which our Board of Directors may determine is in the best interest of Primco and our stockholder to issue shares of common stock.
As of the date of this Information Statement, we have entered into three separate convertible debentures, through which large numbers of shares may be issued in return for reducing the total debt owed to the holders of these debentures.


The increase in authorized common stock will not have any immediate effect on the rights of existing stockholders, but may have a dilutive effect our existing stockholders if additional shares are issued.

http://ih.advfn.com/p.php?pid=nmona&article=57927904