Morten - one to two months until this uplists from the greys and onto the pinksheets. I spoke to the CEO yesterday and he explained that they are working on finalising the paperwork right now.
He told me a month, but asked me to give him two to sort it out - probably just to give him the breathing room in case any paperwork glitches come up in the mean time.
Looks like this is going to happen shortly though.
I knew a private company wouldn't merge into a grey shell (PZFC) then do a symbol change and then merge with Humet in Europe if there weren't a master plan.
My only 2 fears are as follows:
1. The float is only 100,000 shares. Leaves the door open to dilution.
2. The old owners of the PZFC symbol were paid stock in the new company, so there may be a seller into any run as I don't know if the shares were restricted or not.
What I like:
1. Interesting business plan.
2. Presidents Financial and Humet (the two entities of the merged company Humet PBC) are both companies with REVENUES.
3. Wayne said yesterday that he couldn't give anything away, but they have some exciting stuff coming up.
My original 5 cent buy was only for a small number of shares, but I plan on adding to this as this develops.
GL - R.
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