Shouldn't we "clear"... > through the SEC, some of these major problems that appear to infest pzoo...before buying ("owning") any of these smelly shares and going long with the stench? Thanks...
Open and honest DD, by Nadia:
I tried to make the table, below, as simple and easy to follow, with as little thought as necessary...for "us" readers...as possible...while at the same time... >> making it "pop" for experienced SEC review agents.
It's really...quite-straight-forward.
In 2013, Integrated Capital Partners, Inc. (ICPI, farinella > "owner") converted 287,500 preferred shares (post-RS) into 28,750,000 common shares.
Here's "some" problems with that:
(1) ICPI/farinella became a "greater than 10% owner" back in 2011 when shares were initially issued (common and preferred).
(2) As you can see, the fully-diluted OS @ end of year 2012 is 77,142,000 common shares and 554,281 preferred shares >>> which are counted as 55,428,140 fully-diluted into common shares, making the OS 132,570,140 with ICPI/farinella owning 42% of the fully diluted OS. ICPI/farinella is a 10%, and greater, owner. That is known as a CONTROL PERSON, an AFFILIATE.
(3) Anyone (or group) owning 5% or more of the OS must file a Schedule 13D (or 13G). ICPI/farinella did not file the Schedule 13D-G.
(4) Anytime the ownership holdings change an amendment MUST promptly be filed to the Schedule 13D-G. ICPI/farinella did not file any Schedule 13D-G amendments.
(5) An affiliate/control person MUST file a Form 144 before selling shares into the market. ICPI/farinella did not file any Form 144s.
(6) An affiliate/control person MUST file a Form 4 after the sale or purchase of shares/derivatives. ICPI/farinella did not file any Form 4s.
(7) An affiliate/control person MUST file a Form 3 upon receipt of initial shares/derivatives. ICPI/farinella did not file the Form 3.
Got to go...to be continued...
Note: Preferred shares convert to common shares @ 100:1 (100 Cs for 1 P). pzoo reverse split the preferred shares in March 2014. In previous years' tables the preferred were in the millions and converted @ 10:1. For example the balance shown (554,281) for December 31, 2012 was 5,542,814 in 2013 (table is from 10K just filed, for 2014, post reverse split, March 2014. Keep this RS in mind when viewing the Series A purchases and Series A converts to commons in quotes below the table).