Replies to post #22671 on Premier Products Group Inc (PMPG)

[Steve1978]

Sounds like a SHORT is caught off-guard... LMFAO... Shorts pull those pants up and cover because we ain’t going back down...

PMPG

[BurningMan]

Once LOI is signed they will 8-k !!!

[stervc]

PhenixBleu, here's why that's absolutely not true...

Respectfully, that is absolutely not true. PMPG absolutely does have a relationship with PPG through the PPG wholly owned subsidiary, Ennis-Flint.

Even though Ennis-Flint might have complete autonomy to act operationally as a separate entity, they still report to PPG because PPG is the Parent Company and Ennis-Flint is still their wholly owned subsidiary. Remember, PPG acquired Ennis-Flint for $1.15 Billion:
https://www.bizjournals.com/triad/news/2020/12/04/ppg-to-acquire-ennis-flint-for-115-billion.html

With PPG being the Parent Company, they are going to need to know and be involved with what deals Ennis-Flint are doing, especially when they can generate significant revenues for the company going forward with this PMPG deal. Because of their union, Ennis-Flint must be within the Consolidated Financials for PPG because of them being a NYSE company that files audited financials with the SEC. There is absolutely some kind of a relationship. It will be primarily though through either Ennis-Flint or both.

v/r
Sterling