Besides "forward looking" web site, is there anything verifible and tangible revealed this weekend...I think not.
There has been no new PR's, the company status changed to "limited", SoS registrations in Fl and Del recently expired, no 8K or posting/verification of financing, no independent verification from partners/strategic partners( in fact, some have refuted relationship to posters in this blog).
Nothing new except posting of stock photos on a website this weekend that an investor/poster has admitted/stated in the past month is assisting in development of this website on a non paid basis.
The most recent PR talks about abandonment of mergers, due to lack of financing, and a new orientation of the company. The most recent PR identified the company as orienting itself to the "ecotourism" market.
Quote:
"Unfortunately, these acquisitions did not materialize in time due to unexpected erosion in the company's share price that made the financing terms unacceptable."
It is interesting that the recent changes to the website are not oriented to this "eco-tourism" market. Ferry operations in Bahamas and Panama and the several vessels on the website, that would have been the result of the delayed/abandoned mergers, are in conflict with most recent company PR. The most recent PR does not support the website development in my opinion.
With all the past misinformation on former web sites ....
8K's and Commitment Letter posting and "non forward looking PR's" are the order of the day.
Remember the Nissos Rodos that was on the website for months - never leased, purchased, etc. Never happened and now it is posted again?
Remember the Saenz Yachts that was on the website for months - can't find them, two uncompleted hulls/fully leveraged, never put into service in the Bahamas as on website.
Be very careful with unsubstantiated promotions, with PVEI and PV, one never assumes anything from websites and PR's...the only thing that counts are the court records, signed contracts, and historical revenues and profit. Look for 8K and non forward looking rpreresetations.
