One last thing before I ignore you for good....PJTG is profitable
You were pumping PJTG on January 26, 2005 when it hit .07. It’s now .03.
hmmmmmmmmm!!
Message 20986728
Typical of a pumper you parrot company hype. Yet, you ignore or pay no detail to filings which expose the company’s perilous status.
You claim that PJTG is profitable and say I can’t read.
The latest Quarterly available for you penny stock, is the quarter ending 9/30/2004. (They have the dreaded “E” for non-filing currently.)
In that quarter, they lost ½ million on ½ million in revenue. PERHAPS YOU COULD EXPLAIN HOW THAT IS PROFIT? Did I make a mistake? Look at the prior Quarter and they lost close to a million on a ½ million in revenue. LOL. Sounds like they make money on Sundays and holidays when they are closed.
Do you know what current ratio is? Your penny stock pump has, according to its latest quarterly, about 750,000 in current assets and almost 2 million in current liabilities. Yet, they are spinning off most of a subsidiary holding.
Why would a company drastically in need of funding be spinning off assets? Could it be to make it more difficult for creditors in the event of a forced liquidation?
Since you claim to be an expert and asked me if I could read, here is some more I have read about your penny stock pump.
By the way, it’s a Nevada corporation.
1. The prior quarter, before fairly toxic financing, they had a GOING CONCERN OPINION. Current shareholders could be pretty much wiped out percentage-wise by the current convertible structure. Do you ever look at filings or do you just go around pumping PR’s from the company?
Approximate current numbers diluted would be 67 MILLION SHARES I believe. 21,250,000 shares are from the convertible preferred.
“On March 9, 2004, and as amended May 7, 2004, The Project Group sold 1,700 shares of newly created 4% Series B Convertible Preferred Stock and 11,050,000 warrants for $1,700,000, to be funded in two equal tranches of $850,000. Each preferred share is convertible into 12,500 shares of common stock. During March 2004, the first tranche was received and 850 shares of preferred stock and warrants to purchase 11,050,000 shares of common stock at $.135 were issued to the investors, resulting in the receipt of net proceeds of approximately $480,000. During June 2004, a registration statement on Form SB-2 covering the shares underlying the Series B Convertible Preferred Stock was declared effective and the second tranche was received and 850 shares of preferred stock were issued for net proceeds of approximately $760,000. In connection with the offering warrants to purchase 1,100,000 shares of common stock at $.135 were issued to the selling agent and warrants to purchase 700,000 shares of common stock at $.10 were issued to a consultant/attorney.
NOTE 6 - SUBSEQUENT EVENTS (rrufff edit: includes TOXIC FLOORLESS FUNDING)
On October 26, 2004, five founding shareholders of The Project Group, each being an officer and/or director, exercised a right to convert 21,090,944 shares of common stock into shares of Series A Preferred Stock. Pursuant to the terms of the Series A Preferred Stock, the shares issued are convertible, beginning two years from their original issue date, into shares of the The Project Group's common stock representing 50.98% of the outstanding shares of common stock at the time of conversion.
On November 23, 2004, The Project Group issued two year $335,000 12% convertible debentures in exchange for 9,569,000 shares of common stock of Power Tech, Inc. The Project Group intends to utilize the proceeds from the liquidation of the Power Tech shares to fund an initiative by its subsidiary, Pro Squared, Inc., to develop tools and applications for radio frequency identification tags and other technologies. The debentures include provisions allowing the holder to accept shares of Pro Squared common stock held by The Project Group, Inc., in payment of principal and/or interest on the debenture. Pro Squared has guaranteed the obligations of The Project Group, Inc., with respect to the delivery of shares of Pro Squared common stock should the holder of the debentures elect to accept Pro Squared common stock in payment of principal and/or interest. The debentures are convertible, at the option of the holder, into common stock of the Project Group at 75% of the market's price based on the average of the lowest five closing prices over the twenty trading days prior to conversion. This conversion right is considered a beneficial conversion feature and is valued at $281,667 which will result in this charge being amortized as additional interest expense over the two-year life of this note.
The Series A Preferred Stock has voting rights equivalent to the number of shares of common stock the Series A Preferred Stock is convertible into.
In November 2004, the Company issued 100 shares of Series D Preferred Stock to twelve investors for an aggregate of $100,000. The Series D Preferred Stock is convertible into Common Stock at the election of the holders at $0.04 per share. ”
2. The noted SI researcher and scam buster The Truthseeker has posted about PJTG and its relationship with Geoffrey Eiten. For more, see the following post and also search his posts about Eiten, whom he calls a “promoter.” You don’t seem to like “promoted” stocks unless they are your own??
Message 21012691
Anyway, I’ll leave you with the one stock you pump. I know I hurt your feelings by giving you a little back. Unfortunately for you, you only pump 1 penny stock. If you had a diversified portfolio as many of us do, you wouldn’t be so upset because your one stock has gone from .07 to .03 all the while you have pumped. Did you dump? I hope so for your sake.
Take care now. |
