Just takes 5 minutes to know that this stock is a golden low floater
Most current DD as of June 21, 2010...
As there are many new people on board and on the sidelines, here's a rundown of all of the happenings with PFMS.
There is plenty of speculation surrounding a possible reverse merger with PFMS. Information supported by fact relative to a possible RM is detailed below.
8k on December 18, 2009 through Nevada SOS Names Ira Frohman President, Secretary, Treasurer, and Director of PFMS
NOTE: There was an amendment to this filing 5/25/2010 that raised the AS to 1,000,000,000. This is necessary at times to complete a reverse merger to give the private company control.
Certificate of Designation for 4,000,000 shares of Convertible Preferred Stock (Series D) with a par value of $1.00 per share. Filed February 2, 2010 State Of Nevada $175.00 filing fee
Interpretation by Iglatend ((IHUB user): PFMS has created 4 million series D shares. Reading the filing closely gives me the impression a reverse merger is definitely happening here. A very important point is the conversion rate is 1 series D to 1 common. Meaning they are NOT getting a millions of common shares to dump if they choose to convert. The valuation on these series D shares is $1.00/share. They would never convert unless PFMS is trading over a dollar a share. Why issue these? Read the info regarding preference to the Series D shares in the event of a merger. They will get paid well if/when the merger takes place. This will not hurt the common shareholder. After reading this filing, I am more confident a reverse merger is going to happen and happen in a matter of weeks at this point. This is all my opinion and my own interpretation. Read the filing and see what you think. It all adds up now though.
SK3 Group (SKTO) - Ira Frohman was the President, Secretary, Treasurer, Director of SK3, which was acquired by Healthcare of Today (HOT) on 12/15/2009
Here is a timeline of how the deal with SKTO and HOT went down...
12/10/2009 6:09PM SK3 Announces That Healthcare of Today Has Acquired a Controlling Interest in the Company 12/14/2009 10:52AM SK3 Group to Move Headquarters to California 12/15/2009 12:27PM SK3 Group, Inc. Signs Letter of Intent with HOT
Then, just a few days later....
12/18/2009 4:58PM PFMS Current report filing (8-K) lists Ira Frohman as President and Director
Interpretation by DenverBruin (IHUB User): Two Days after the LOI between Healthcare of Today and SK3/Ira Frohman is signed, Frohman becomes the new Director, President, Secretary, and Treasurer of PFMS. (Yes, two days after the LOI, see filing). Frohman was apparently very busy this week... I guess he couldn't wait until after the holidays/New Year to get this done... Two days after his LOI with HOT is signed he has the PFMS shell all to himself.
Paul J. Benz is listed as a contact with the TA.
Paul J. Benz - Here's the info that I have on Paul Benz listed with the TA on PFMS... What we don't know is why he was listed with the TA - it could have been from several years ago for all we know.
Benz was involved with a company called Kingsley Coach (KNGS) as late as 2007. The only information I can find on his involvement is through another message board. Apparently, they don't really know what capacity he was in with KNGS but he appears to have been answering the company's emails.
So, we've got the Ira Frohman connection with SKTO who was acquired by HOTI in December. Frohman is listed in many capacities with PFMS of course. Now Benz, who was listed with the TA has a company he was associated with acquired by HOTI as well.
What does this mean for PFMS? Well, it's obvious PFMS has many connections with HOTI now. HOTI's CEO has stated to their private shareholders that he wants five publicly traded subsidiaries ASAP. He has three now. IMO PFMS could be one of the other two subs or divisions. OR - HOTI could go public with a clean shell, PFMS being a candidate.