Followers | 44 |
Posts | 1121 |
Boards Moderated | 0 |
Alias Born | 02/23/2014 |
Thursday, March 13, 2014 11:51:37 AM
Pharmacom Biovet, PHMB as a business was revoked in 2010
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=B5BeXHA1voNYkyFwc%252fjYLw%253d%253d
Since they were revoked, the SEC will not stop any trading or close them down. Companies are shut down for potential fraud which cannot happen if the company does not exist.
per
http://www.sec.gov/answers/dfnctco.htm
Now here is where it gets real interesting. as of 2009 there were approx 10 billion outstanding shares and over the past few weeks around 9 billion shares where traded which leads to the conclusion of a buy back buy a third party looking to acquire phmb and closeout the majority of the shares.
Let me explain why this is very likely. Per the link below, one can find the cost to reinstate this company about 50 grand to do so. If one wanted to go public on their own with new info it can run pretty high. So if one can pick up a company for 50 thousand and before doing so grab as much of the outstanding shares back at the lowest price possible then they can do splits, announce news ... and sell everything back at a huge profit, in which case, why keep the company going when your rich, lol.
http://nvsos.gov/sosentitysearch/FeeDetails.aspx?ctok=B5BeXHA1voNYkyFwc%252fjYLw%253d%253d
I think that hanging on to this stock for a while is a good plan and it will go up significantly just not overnight, for, if this is the case, it will take some time for the paper work to get filed.
Avant Technologies and Ainnova Tech Form Joint Venture to Advance Early Disease Detection Using Artificial Intelligence • AVAI • Nov 12, 2024 9:00 AM
Swifty Global Announces Launch of Swifty Sports IE, Expanding Sports Betting and Casino Services in the Irish Market • DRCR • Nov 12, 2024 9:00 AM
Oohvie App Update Enhances Women's Health with Telemedicine and Online Scheduling • HLYK • Nov 11, 2024 8:00 AM
SANUWAVE Announces Record Quarterly Revenues: Q3 FY2024 Financial Results • SNWV • Nov 8, 2024 7:07 AM
DBG Pays Off $1.3 Million in Convertible Notes, which Retires All of the Company's Convertible Notes • DBGI • Nov 7, 2024 2:16 PM
SMX and FinGo Enter Into Collaboration Mandate to Develop a Joint 'Physical to Digital' Platform Service • SMX • Nov 7, 2024 8:48 AM