Premier Products Group is NOT Gear Sports Nutrition. Don't let anyone "pump you up" into false expectations. It never has been Gear, and likely never will be Gear. Scalise holds 51 Preferred Shares, and is one of many stakeholders. There were likely terms set on that share transaction by Keystone Financial Group when they were transferred from the previous CEO to Scalise. This would be a wise move. Read the excerpt below to understand why I made that statement.
We don't know if Gear, upon confirmation of the acquisition, will operate separately as a public or private Portfolio Company. We don't know if the Company will use their product "recipes" and re-brand them. There have been hints, but nothing from which to draw a solid conclusion.
Note that a Wyoming LLC was recently formed and named Premier Products Group LLC.
Again, note that Scalise's name was removed from the Officer list on their OTC Company Profile. Also note that the news releases prior to April 20 were removed from their OTC pages.
I would keep expectations low if I was an LVGI person from several years back. I have spinoff shares with Cusip numbers that may never be available to me.
I am here because I respect Bill Wright and his decision-making skills. I have been invested in his other company CGrowth Capital for well over a year. I couldn't be happier with what he has done in turning that entity around. He may have something in mind for this entity.
We should be hearing confirmation of plans very soon.