Podium Venture Group, Inc Announces Merger Agreement Discussions with the Minority Ownership of N'East Magazine - Tripling Company Forecasted Revenue Dec 11, 2006 11:27:00 AM Copyright Business Wire 2006
PORTLAND, Maine--(BUSINESS WIRE)--
Podium Venture Group Inc. (Pinksheets: PDVP), an apparel, media and publishing holding company in the lifestyle sports industry, announced today that it has entered into negotiations with the shareholders representing 49% of N'East Magazine, a lifestyle sports and travel magazine based out of Portland, Maine.
"Bringing N'East Magazine into Podium Venture Group not only increases our forecasted revenue three-fold, but also, provides a catalyst. N'East Magazine is not only a rapidly expanding brand itself - but as with any media component, with it comes the horsepower to develop, nurture and bring to market currently held and/or near-future brands in the Podium quiver," Jim McGinley, President & CEO, Podium Venture Group, Inc.
Now in its second year of production, N'East Magazine (www.neastmag.com) can be found at Borders, Barnes & Noble, Eastern Mountain Sports, REI, Tower Records, Universal News, Shaws, B. Dalton, Hudson News, and independent bookstores and retailers nationally.
Podium Venture Group, Inc foresees a seamless transition given the company's close working relationship with current management. The merger would be executed by a stock-transfer leaving cash-on-hand for near future acquisitions.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Source: Podium Venture Group, Inc.
Posted by tompom on :
rolling now! .08x.09
Posted by tompom on :
printing .10 now!!!
Posted by tompom on :
dip
Posted by tompom on :
they´re playing some games with this one but i think the dip is over...
Posted by tompom on :
we´re gonna turn over the whole float today...
Posted by Homersbud on :
Looking tempting...on watch.
What's the float?
Posted by The Phat Man on :
insanely low OS and float:
PDVP -- Podium Venture Group, Inc. Com ($0.001) Search for Dun & Bradstreet reports on this company.
Address: 424 Fore St. 2nd Floor Portland, ME 04101 USA
Business Description: The company is a multi media, internet, publishing holding corporation.
Primary State of Incorporation: Delaware
Country of Incorporation: USA
Officers: Jim McGinley, President
======================================
Outstanding Shares: 24,118,994 as of 2006-11-01
Estimated Market Cap: 1.205M as of 2006-12-08 (based on Outstanding Shares as of 2006-11-01) Float: 1,018,994 as of 2006-11-01
=================================
Current Capital Change: shs decreased by 1 for 1000 split Ex-Date: Record Date: Pay Date: 2006-07-14
Dividends:
Company Notes: Formerly=Sublingual Products International, Inc to 3-92 Formerly=Pharmaceutical Labs, Inc. until 7-06 Formerly=Annapolis Capital Holdings, Inc. until 8-06
Class Notes: New Issue=3-89 500,000 shs at 30 cents by the company
Transfer Agent: Interwest Transfer Co., Inc., Salt Lake City, UT 84117
Posted by tompom on :
1.01 million that´s it...
Posted by Homersbud on :
Damn! That is low!
I'm trying for some at 075
07x075 4x2
Posted by Homersbud on :
Got it. 20k at 075, now lets moooooooove!
Posted by tompom on :
there she goes...
Posted by Homersbud on :
08's getting hit
075x08 2x3
Posted by Malek on :
looks good
Posted by Homersbud on :
Sweet!
08x085 1x2
Posted by tompom on :
.08x.085
Posted by tompom on :
this time we´ll break through .10!!
Posted by Malek on :
pressure seems to be building up... i like this one Posted by tompom on :
.085x.09
Posted by Homersbud on :
No way is the float only 1 mil. Someone just dumped 1 mil at 071. What the hell??
Posted by tompom on :
i saw that...
Posted by tompom on :
on the other hand i wonder who bought this mill...
Posted by Homersbud on :
I'm wondering that too....it was worth 'only' about $70k and it didn't know any of the MM's off the bid...Hmm..
075x08 1x1
Posted by ajman on :
looks like the OS is more than 1.1M
Outstanding Shares: 24,118,994 as of 2006-11-01
edit: Still 24M OS is pretty good
Posted by tompom on :
quote:Originally posted by ajman: looks like the OS is more than 1.1M
Outstanding Shares: 24,118,994 as of 2006-11-01
edit: Still 24M OS is pretty good
23 million of those are restricted...
Posted by hbomb on :
Crappy close...volume dissappeared...hope this wasn't pump and dump
Posted by tompom on :
yes, weak close... don´t think it was a pump and dump the news was very strong
Posted by pick em low on :
in at 9.1 and 7.6 will hold for quite a while.... no reason it's not .30+ was 2.25 not long ago.... look how it dropped.... I'm not sure there was even any volume... how can the price change so much with no volume...everyone just decided in unison to reduce all their limit orders with no trades? sheesh.... crazy... I'm staying in.... at worst it's 25% more shares added to your account.... that makes up part of any loss
Posted by Homersbud on :
quote:Originally posted by pick em low: in at 9.1 and 7.6 will hold for quite a while.... no reason it's not .30+ was 2.25 not long ago.... look how it dropped.... I'm not sure there was even any volume... how can the price change so much with no volume...everyone just decided in unison to reduce all their limit orders with no trades? sheesh.... crazy... I'm staying in.... at worst it's 25% more shares added to your account.... that makes up part of any loss
What worried me was the 1 mil print at 071. How is that even possible when the float is only a little over a mil? Crazy sh!t...
I'm no longer in, but will keep on watch and see how this plays out, but the float seems to be much bigger than 1 mil, imo.
Good luck!
Posted by tompom on :
i´m still in and think this is just the beginning of a big move up we´ll see...
Posted by hbomb on :
quote:Originally posted by tompom: i´m still in and think this is just the beginning of a big move up we´ll see...
I hope you're right...but I am very skeptical of the 1.01 mil float. I think it's much higher than that.
Posted by hbomb on :
.041x.05
Posted by tompom on :
news: Podium Venture Group, Inc. Announces Acquisition Discussions for the Remaining Majority Interest of N'East Magazine - Anticipated to Be the Company's First 100% Held Subsidiary Dec 12, 2006 10:20:00 AM Copyright Business Wire 2006
PORTLAND, Maine--(BUSINESS WIRE)--
Podium Venture Group Inc. (PDVP), an apparel, media and publishing holding company in the lifestyle sports industry, announced today that it has entered into discussions with the holding company representing the remaining 51% of N'East Magazine. This forecasted acquisition along with the previously announced forecasted merger of the minority (49%) ownership would bring Podium Venture Group its first 100% held subsidiary.
"On December 11, 2006, we announced our agreement to acquire the minority interest in N'East Magazine. In conjunction with this merger, we have actively sought and are now thrilled to report, we have engaged in discussions with the remaining majority interest of the rising lifestyle sports magazine. This acquisition will not only bring Podium a viral brand with its finger on the pulse of an explosive market - but will give us the influential edge needed to deliver other company-held brands," Jim McGinley, President & CEO, Podium Venture Group, Inc.
N'East Magazine (www.neastmag.com) can be found at Borders, Barnes & Noble, Eastern Mountain Sports, REI, Tower Records, Universal News, Shaws, B. Dalton, Hudson News, and independent bookstores and retailers nationally.
Mr. McGinley continues: "This series of acquisitions is no accident - with the 25% stock dividend as announced on December 7th, and bringing Podium its first wholly owned subsidiary - we intend to ring in the near year loud and clear."
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
What an enormous POS this is...must be serious dilution or shorting going on.
Posted by tompom on :
Podium Venture Group, Inc. Announces the Ordering of the Company's NOBO List Following Announced 25% Stock Dividend and Shareholder Concerns Dec 13, 2006 10:09:00 AM Copyright Business Wire 2006
PORTLAND, Maine--(BUSINESS WIRE)--
Podium Venture Group Inc. (Pinksheets: PDVP), an apparel, media and publishing holding company in the lifestyle sports industry, announced today that it has initiated the ordering of the company's NOBO to coincide with the previously announced 25% stock dividend and shareholder concerns.
"Given the recent momentum of our M&A strategy, the previously announced 25% stock dividend, and shareholder concerns in regards to shorts and PPS movement, the ordering of the NOBO list is an obvious step needed to instill shareholder confidence and stage the company for what is shaping up to be a very successful close of '06 and beginning of 2007. We are committed to our shareholders' confidence and strive to provide a tangible, non-transparent platform from which to invest wisely." Jim McGinley, President & CEO, Podium Venture Group, Inc."
The NOBO listing, which stands for Non Objecting Beneficial Owners, allows the company to identity a portion of its beneficial shareholders who maintain their ownership through a brokerage and who have instructed their broker that they do not object to the disclosure of certain ownership information.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
quote:Originally posted by hbomb: What an enormous POS this is...must be serious dilution or shorting going on.
Huge Red flag waving POS
Posted by atleast on :
quote:Originally posted by paulbest:
quote:Originally posted by hbomb: What an enormous POS this is...must be serious dilution or shorting going on.
Huge Red flag waving POS
explain your statement, pls
Posted by tompom on :
it has to turn around at some point...
Posted by atleast on :
.022 x .025
Posted by hbomb on :
.0225x.023
Was .10 yesterday morning...dilution at its finest
Posted by tompom on :
quote:Originally posted by hbomb: .0225x.023
Was .10 yesterday morning...dilution at its finest
actually i´m looking for a rebound here
Posted by atleast on :
quote:Originally posted by tompom:
quote:Originally posted by hbomb: .0225x.023
Was .10 yesterday morning...dilution at its finest
actually i´m looking for a rebound here
.023 x .028 could be dilution, could be big shorts - look at most NOBO plays - they are dropping when company is ordered NOBO list and running on results
Posted by tompom on :
.025x.028 i think this will come back up...
Posted by tompom on :
down 35% this is insane...
Posted by trade2win on :
I got stuck in this one now, initially sold to make some coin and bought to average down and now this is crazy.
Posted by pick em low on :
I bought at .014 I was orignally stuck too forgot where I sold..... 5c?
Posted by pick em low on :
check ihib boards many have contacted company seems rosier it's naked shorting, not dillution.... buyins . net added them to naked list Dec 5th or so
Posted by pick em low on :
moving back up
Posted by tompom on :
finally!
Posted by pick em low on :
yahoo the next FCNK
Posted by tompom on :
looking a lot better now...
Posted by pick em low on :
n n n n n n n n n n nineteen! .019
.10 again and beyond I hope
Posted by pick em low on :
I mean 21! wow
Posted by tompom on :
about to go green!!
Posted by a surfer on :
finally I got one today.
Posted by pick em low on :
good for you (us) cept I only got $200 It didn't all fill before it took off
24/23
Posted by tompom on :
GREEN!!! now run forrest RUN!!!
Posted by pick em low on :
ya maybe better it's a multi day run slowly back to 10 so no one panic sells or flips
Posted by pick em low on :
PDVP now stands for
Post Dump Very Profitable!
.02? WTF? no biggie
Posted by tompom on :
added some at .02
Posted by pick em low on :
I like that the ask is fairly high
Posted by pick em low on :
PDVP will match the 200%+ move FCNK made by Tues at latest
Posted by pick em low on :
later! gotta do real work and let PDVP make me money in the background....
LOAD UP BEFORE THE 25% dividend date, and before the NOBO news!
Posted by pick em low on :
woooo still way up off low back to 10c+
Posted by pick em low on :
nice close..... check investors hub . com boards for more DD
Posted by pick em low on :
gapping! ah ha!
Posted by pick em low on :
weird low volume well all the short selling seems to be done!
Posted by pick em low on :
DON'T FORGET 25% stock dividend coming up before year end !
Posted by pick em low on :
yahoo I'm up 100%
Posted by tompom on :
this is looking very good now...
Posted by oupike on :
This is looking great...
With the divy coming up and news of a merger, this thing is going to climb for the next week.
Posted by pick em low on :
ya too fast I have to wait for funds to clear to buy more damn
Posted by oupike on :
25,118,259 OS as of 12/13/06 * 5PM
I own .25% of them!
Posted by pick em low on :
23m of those are restriced supposedly.... PDVP was put on naked short list on Dec 5 I think..... so short squeeze coming cause of dividend I think
Posted by oupike on :
Great buy in point at .025
Posted by pick em low on :
don't torture me I have no funds.....
Posted by playtime42 on :
I would suggest that anyone that can lock in some profits, don't wait too long.
You guy's do know that Jim the CEO of PDVP and Jim that owned 49% of N'east magazine are the same Jim? Jim essentually took his holding of the Magazine public by buying it from himself. I wonder what price Jim the CEO paid Jim the 49% holder for the Mag? Did they have a hard time coming to an agreement? Sqwable over price? I highly doubt it.
Also, he's been hooked up with Ole' danny-boy from PRRM, SMMW....You know the other 51% holder.
Did anyone notice that SMMW has not P/Red anything about selling their portion of N'east? Wouldn't that be a significant event and require a P/R?
IMO, anyone that still thinks the float on this stock is only 1+ million has not been around too long. It is obvious that that number has not been updated.
Good luck guy's, but I would not be suprised at all if this stock ends up being diluted to death behind closed TA doors down to triple zero's.
Remember, all Jim has to do is ask Dan Burgess for some guidence on how to run (ruin) a public company. Dan has been very good with Summus, hasn't he? Besides, Dan himself had the best teacher in the public company world, Mr. Asstrom,
BTW, Anyone call a Borders or Barnes and Nobles to see if the carry N'East magazine as per the P/R?
Good luck with that one too.
Again I wish you luck.
Posted by tompom on :
quote:Originally posted by playtime42: I would suggest that anyone that can lock in some profits, don't wait too long.
You guy's do know that Jim the CEO of PDVP and Jim that owned 49% of N'east magazine are the same Jim? Jim essentually took his holding of the Magazine public by buying it from himself. I wonder what price Jim the CEO paid Jim the 49% holder for the Mag? Did they have a hard time coming to an agreement? Sqwable over price? I highly doubt it.
Also, he's been hooked up with Ole' danny-boy from PRRM, SMMW....You know the other 51% holder.
Did anyone notice that SMMW has not P/Red anything about selling their portion of N'east? Wouldn't that be a significant event and require a P/R?
IMO, anyone that still thinks the float on this stock is only 1+ million has not been around too long. It is obvious that that number has not been updated.
Good luck guy's, but I would not be suprised at all if this stock ends up being diluted to death behind closed TA doors down to triple zero's.
Remember, all Jim has to do is ask Dan Burgess for some guidence on how to run (ruin) a public company. Dan has been very good with Summus, hasn't he? Besides, Dan himself had the best teacher in the public company world, Mr. Asstrom,
BTW, Anyone call a Borders or Barnes and Nobles to see if the carry N'East magazine as per the P/R?
Good luck with that one too.
Again I wish you luck.
wellcome to allstocks!
Posted by oupike on :
quote:Originally posted by playtime42: IMO, anyone that still thinks the float on this stock is only 1+ million has not been around too long. It is obvious that that number has not been updated.
Posted by oupike on :
Updated on 12/13/06 * 5PM
Posted by playtime42 on :
Sorry, Playtime was my id, Computer crashed so new id is playtime42 Happy reading Posted by playtime42 on :
oupike, Didn't you read I said good luck?
as always, time will tell.
Posted by oupike on :
thanks, and i agree time will tell.
I was just letting you know that it has been updated.
Posted by tompom on :
moving again...
Posted by pick em low on :
hoo ya.... it will move more when I buy tomorrow or the next day..... well gonna put in $1.2k maybe.... gotta wait for funds... so push it back down for me!
Posted by Prdponce on :
FANC just need to leave the ask... days of red prior to todays with large volume... MM's could run this one up....IMO
Posted by pick em low on :
damn FANC they sometimes the one issuing paper..... but they will go.....
too bad I can't see L2's on pinks
Posted by atleast on :
quote:Originally posted by pick em low: damn FANC they sometimes the one issuing paper..... but they will go.....
too bad I can't see L2's on pinks
.02(2) x .024(2) NITE and FANC are both on bid/ask
Posted by pick em low on :
OK thx
Posted by playtime42 on :
oupike, well, looks like rumor has it that the OS was raised by 10million shares to 35 million as per CEO for "deals". I'm guessing that they were for Summus for the 51% of N'East magazine. Question is, when did they go out? Have they been given to Dan yet? Will Dan divi them to Summus holders? Did Dan dump them? Going to dump them? Lots of questions. One more, do you think N'East magazine is really worth $4.5 to $4.9 million? Have you ever seen a copy? I know, you can't believe a message board, right? Well, let's see if Jim P/R's the "details" of the share increase. Notice Jim mentioned "2" deals. Was the first deal the one he made with himself?
From the PDVP board:
Posted by: colts In reply to: ogclip who wrote msg# 461 Date:12/19/2006 12:38:47 PM Post #of 492 Talked with CEO Jim a few minutes ago. Here is the main points: 1. OS increased to 35 million shares to complete deals 2. Two deals to complete by the end of the year 3. the float increased to certain number and he will release a PR by tomorrow to reveal the float number 4. He thinks the company should trade btw 13-14 cents at least when the deals announced
Posted by playtime42 on :
quote:Originally posted by playtime42: One more, do you think N'East magazine is really worth $4.5 to $4.9 million?
Correction, should read: do you think PDVP is worth $4.5 to $4.9 million "with" the addition of N'East Magazine.
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