Replies to post #76374 on Primco Management Inc (fka PMCM)

[Hierophant]

Puget and Suzie are two different companies. This is explained in the 8k, the 10, and on suzie' site. She sold Suzie and kept Puget as her own company. She was going to be paid 80k to consult for PMCM as head of Suzie but they didn't pay her, also stated in the 10q. Pmcm has absolutely nothing to do with Puget.

[2tommy2]

Post it then show where the 10q is lying. I will do it for you.




NOTE 5 – BUSINESS ACQUISITIONS & GOODWILL




Suzie Q’s NPO




On July 22, 2014, the Company executed an amendment to the Asset Purchase Agreement, (the “Agreement”), with Jessica Vance, the owner of Suzie Q’s NPO, (“Suzie Q’s”), dated March 7, 2014. Pursuant to the Agreement, the Company acquired the business operations of Suzie Q’s, minimal equipment and furniture to operate the business, the customer/patient list and the exclusive rights to use the name “Suzie Q”. Suzie Q’s is a Washington state non-profit corporation. The Company paid a total of $20,000 cash pursuant to the acquisition of Suzie Q’s. The Company did not take over the lease on the location. The equipment and furniture had an approximate historical cost of $7,760 and a net book value of $0 as of the date of the Agreement. The Company recorded the excess consideration paid of $20,000 as goodwill.

PMCM mentions SQ in 3 places on the 10q that was one and here is two.

Consulting Agreement with Jessica Vance (Owner of Suzie Q’s NPO)




On July 22, 2014, the Company executed a consulting agreement with Jessica Vance whereby the Company will pay Ms. Vance a signing bonus of $80,000 within 30 days of the executed consulting agreement as well as a monthly consulting fee of $3,000. The Company will also issue Ms. Vance 25,000,000 restricted common shares. Ms. Vance will provide operational support services to the Company with respect to the operations of Suzie Q’s NPO. As of September 30, 2014, the Company has not yet paid the $80,000 signing bonus.

That's two and this.


For the nine months ended September 30, 2014, our cash used in investing activities was $32,500 compared to cash used in operating activities of $9,163 for the nine months ended September 30, 2013. The increase was due to our investment in Suzie Q’s and Seattle Green Care.

Please post where it says Puget Power in the 10q at all?