Sentence by Sentence transcript
Red is PG
Blue is Jason
Someone let me know where Peter spoke
A.D.D. is running rampant, so I think if we take the transcript provided by PVEC and run through it sentence by sentence, let's see if there is something in there being overlooked.
1) Thank you for participating in this shareholder conference.
2) It is the hope of the company that you, the shareholders, obtain a better understanding of where PV Enterprises has been and where we are going.
3) We have received a great many number of questions and concerns offered by you and maintain a great appreciation for your desire to communicate with the company.
4) This conference is intended to address these concerns, convey to you that the CEO and the company are listening and working diligently to not only build a successful company, but shareholder confidence.
5) I would like to reiterate my appreciation for all of the support that has been provided by you.
6) Most of you know me as PG and are well aware of my support for this company in my efforts to assist with defending it and Peter against the repeated attacks and lies.
7) As you know my participation in this crusade of sorts mirrored that of many of you I was a concerned shareholder doing my part to protect my investment.
8) However, upon the discovery of certain questionable events and the true identities and motives of a few individuals working with or on behalf of the company, I have since been made a member of the PVE team.
9) As many of you know, resulting from these discoveries we have been working with the authorities to provide them with every shred of information we can in our efforts to identify an d ultimately thwart what appears to be significant manipulation of the pps.
10) Peter and the company have been as transparent as can be and will remain so as efforts continue.
11) As much as I would love to be able to provide you, the shareholders, the full scope of our investigations, such is just not possible.
12) During the course of these investigations, the company has identified and effectuated many changes that will better serve to move the company forward, ultimately proving beneficial to the company and our shareholders.
13) Of note: We have retained the services of legal counsel who will assist us in all matters relating to compliance as well as provide the counsel required to help us move forward in several endeavors relating directly to the expansion of the company.
14) Additionally, counsel will be assisting the company in pursuing legal action against certain person's and companies suspected of defrauding and the intentional destruction of PV Enterprises.
15) We have identified certain debentures that were fraudulently submitted for conversion multiple times, it was because of these fraudulent conversions that there was an August 2013 amendment to the share structure of PV Enterprises.
16) This matter is being addressed by our attorney; and all details surrounding such have been provided to the authorities.
17) We will be filing corrective press releases to clarify and correct disclosures that were included in prior press releases.
18) Several press releases were disseminated without our prior consent.
19) As a result, we have terminated our relationship with our public relations firm.
20) Ultimately, the contents of any press release are our responsibility, and we accept responsibility for any misinformation.
21) We have adopted new guidelines for the release of future press releases, which include legal review.
22) The company has successfully negotiated with certain shareholders the redemption of 500 million shares of PVE stock.
23) We are presently rendering these stock to the transfer agent for immediate retirement and expect to success fully retire an additional 250 million shares in the very near future.
24) Effective immediately, the authorized share count will be increased to 3.994 billion in order to allow the company to complete a collateralized debt consolidation.
25) Please note, too, that the par value has changed from 0001 to 001.
26) In order for the company to complete present negotiations so that we can move forward, pending the resolution of the aforementioned illegal activities with respect to the previously amended share structure , this increase is necessary for our immediate progression and such endeavors will be outlined in upcoming PR's.
27) I want to reiterate however, that 500 million shares are in the process of being retired with an additional 250 million expected to be retired as soon as possible.
28) Given the whirlwind of activities, including but not limited to the investigation of PPS manipulation, fraudulent debenture conversion, identifying the parties involved which is a painstaking process, company negotiations for progression, and the successful assembly of a new PVE team, we understand that it is incumbent upon the company to remain transparent with our shareholders.
29) As we continue to leap over all of the hurdles that face, we want you to be confident in PVE and know that we are appreciative of your support and patience as we navigate and move forward.
30) With that said, I would like to move out of the way of the helm and let Jason take control. Thank you, everyone, your support is very much appreciated.
Thank you Kerry.
31) I would like to again thank everyone for joining us today.
32) I would also like to begin by answering some of the concerns that have been voiced by the shareholders regarding mergers and acquisitions previously announced.
33) One Day Cruises: During the course of completing the final due diligence of the agreement, appraisers were brought into to valuate the assets and potential return on investment.
34) After careful consideration and reflection of the reports provided by the appraisers it was deemed that the asking values for the agreement to complete were not consummate with the investment to return ratio and thus, it was decided in the best interests of the company as well as the shareholders that continued pursuit of the agreement was not in the best interest s of either.
35) Turkish Charter: PVEC had signed a charter agreement with Coral Cruises Transportes for the charter of the Porto to provide a chartered cruise.
36) PVEC was completely ready to partake in this endeavor, providing all of the require provisions per the contract.
37) However, when the time came to begin the cruise, Coral Cruises failed to provide the Porto as required per their contract.
38) Legal proceedings have been filed and they are currently ongoing
39) Regatta Communications As many of you are aware, PVEC submitted a PR stating that the company was partnering with invisioft for the distribution of web conferencing software.
40) The owners of Invisisoft and PVEC ultimately reached and agreement to form a new alliance and create Regatta Communications, which was PR’d a short time later.
41) During the incorporation process and the final proceedings leading to the S 1 being filed, PVEC determined that the licensing for the invisisoft product would remain with the former invisisoft executive team and not be transferred to regatta communications exclusively.
42) Since that time, both parties have agreed not to pursue any further business dealings and as of now, the regatta communications corporation has been dissolved.
43) PVEC has partnered with Travel Advisor/Travel Leaders , ( bta fl.com )a leader in the travel agency/planning industry that focuses on personalized services for group, corporate, and leisure travel.
44) Travel Leaders Franchise Group is the largest travel agency franchisor in North America with over 1,250 system wide full service and client dedicated franchised locations that produce annual sales of over $5 billion.
45) Travel Leaders Franchise Group has been named the top travel business franchisor by Entrepreneur Magazine for the past 14 consecutive years.
46) With this partnership, PVEC is afforded integration with the powerful SABRE travel system allowing PVEC full access to airlines, cruises, hotels, rental cars, and unparalleled vacation specials.
47) Currently the Zeus Travel site is undergoing the following modifications:
48) Integration of the SABRE system to provide real time access to current specials and travel bookings
49) A completely redesigned, easy to use, mobile friendly, look and feel
50) Secure On Line Booking via web and mobile devices using SSL technology
51) Mobile integration for itineraries
52) Again, thank you all for joining us and we appreciate the continued support as we move forward.
Thank you Peter
