Replies to post #6748 on Premier Products Group Inc (PMPG)

[diamondguru-one]

come onnn...please read...... NOTHING ABOUT "NEW" SHARES !!!

Concurrent with the termination of the GEAR transaction, 225 million shares of the Company's common stock will be returned to treasury, reducing the outstanding shares by over 50%

THATS "RETURNED" !!!!! Geeeeeeezzzzz. To the DTCC !!!!

NEXT !!!!!

[sosjtb]

With the SS the way it is and the company that Pope pretty much sold the empty shell to, they can sell plenty of shares and still maintain a pps in a much, much higher range. This isn't some fly by night operation when it comes to Satic USA,.

Pope and PMPG didn't "acquire" anything, Satic USA acquired a clean shell, an empty one, and a vehicle to take their company public.

[elkonig]

What's happened to the 51 special preferred shares that Wright handed over to Peter Scamlise for the original GEAR deal?