Replies to post #255 on Pennexx Foods Inc (PNNX)

[stervc]

OnceBrokeMama, respectfully, three things regarding PNNX...

Respectfully, three things... (I believe the 3rd is the most important thing of note but start with the first.)

1st
My thoughts about PNNX reflecting being Active were like what I had previously posted below:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151311285

At first, I thought that there was some glitch in the system, but I learned that the rules for the Pennsylvania Secretary of State (SOS) are different from most other states that I am aware of. Everyone here should know that... usually and normally... if a company's Secretary of State status reflects Inactive then such usually means that the company has not been reinstated. If a company's Secretary of State status reflects Active then such usually means that the company has been reinstated at some previous point in time. I saw that it appears that nothing had been filed in a while since 2003, but it's still reflects Active status for PNNX as I had indicated in the post below:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151310168

So, I called the Pennsylvania Secretary of State (SOS) at [phone] and pressed option #5:
https://www.dos.pa.gov/BusinessCharities/Pages/default.aspx

I spoke to a lady there whose name I did not get. I asked her… Why would a company whose last filing shows was in 2003 still show the company as Active status? She told me that the rules for the state of Pennsylvania are different than some other states. She said that if a company don't submit a filing requesting to become Inactive, they will always be in Active status. She told me that there is no mandatory annual requirement to file to remain in Active status. I must admit that this is something that was new to me. She said PNNX is showing Active because they are still in Active status.

2nd
The SC-13g was filed back on Feb 6, 2015 for 7,806,050 shares owned by Capital World Investors:
http://ih.advfn.com/stock-market/USOTC/pennexx-foods-inc-pn-PNNX/stock-news/70368739/amended-statement-of-ownership-sc-13g-a

After reading what you posted, I went back and did a little more research and saw that another SEC Form SC-13g was filed with the SEC by Capital World Investors saying that they no longer own the shares back on Feb 14, 2019, but I had to find this under the company’s old name, Pinnacle Foods Inc. I did verify that it is the same company because it had the same CUSIP# as Pennexx Foods, Inc. of CUSIP: 72348P104 so the link below still applies:
https://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=13223085-1709-9667&type=sect&TabIndex=2&companyid=895559&ppu=%252fdefault.aspx%253fcik%253d1564822

Here is the SEC Filing of name change from Pinnacle Foods, Inc. to Pennexx Foods, Inc. a while back:
https://www.sec.gov/Archives/edgar/data/1422849/000142284915000276/0001422849-15-000276.txt

After I had done a volume history from the dates of when one form was filed to the next (Feb 6, 2015 up to Dec 31, 2018), I saw that there hasn't been 7,806,050 shares that traded in PNNX to reflect when they could have sold. If they don't own the shares anymore, then the question is… How did they liquidate their position? I counted somewhat close at 7,057,072 shares, but I know that all that volume since 2015 was not theirs. That seems a little unusual, but I'm done killing brain cells about it. Here's the link for one to search the volume history for themselves:
https://ih.advfn.com/stock-market/USOTC/pennexx-foods-inc-pn-PNNX/historical/more-historical-data?current=16&Date1=02/06/15&Date2=12/31/18

3rd
Someone responded to me in one of my earlier posts after the volume had already come in here in PNNX and the price was already up. The day before yesterday on 23 Sep 2019, the stock closed up over 1,000% and barely had 42 posts for the day and was not mentioned or talked about anywhere else on IHub. It was and is still under the radar. The thoughts I shared were thoughts trying to justify why the volume basically after the volume and price started increasing. If what you have stated is the case, then all it means is that someone or some people were buying for reasons not related to the SC-13g and the reinstatement thought. It means that something was learned behind the scenes that someone might know of something that's coming that triggered buying. So now, based on what you have indicated, I believe the company is in the process of coming back to life regardless of either of those two thoughts above of which a reinstatement will exist or currently exists as was explained regardless if such is the case. I'm going to still hang around to see what will further materialize. Thanks for your thoughts to help add more clarity.

v/r
Sterling

[War Shark]

New officers list has been filed w/ PA SOS.

$PNNX Change of officers has been filed w/ PA SOS! Michael Queen out as President and Alexander Cook in. pic.twitter.com/lQFyj9Pay7

— WarShark (@thewarshark) September 30, 2019