take a look at RSI and MACD, Rsi is around 30 and macd is going to across. and if u read the candle sticks for the last two days..
That is a long lower shadow indicates that the Bears controlled the ball for part of the game, but lost control by the end and the Bulls made an impressive comeback.
I think this stock is going to fly very soon.
watch it and then make ur decsion
-------------------- Remeber! 99% of penney stocks are scams, but with only that 1% you can be rich Posts: 436 | From: University of Sounthern California | Registered: May 2005
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posted
MORE FACTS ..."Consolidated revenues for the first quarter of 2005 were $347,616, representing a $339,616 increase from the prior year revenues of $8,000. A net loss of $33,525 for this period compared to a net Loss of $7,930 in the first quarter of 2004."
Premier Development & Investment, Inc. Reports Increased First Quarter '05 Results Friday May 13, 5:37 pm ET
DALLAS--(BUSINESS WIRE)--May 13, 2005--Premier Development & Investment, Inc. (OTC Bulletin Board: pdvn - News), in releasing its financial results for the quarter ended March 31, 2005, announces that its revenue performance improved compared to the equivalent period in the prior year. Consolidated revenues for the first quarter of 2005 were $347,616, representing a $339,616 increase from the prior year revenues of $8,000. A net loss of $33,525 for this period compared to a net Loss of $7,930 in the first quarter of 2004. Commenting on the results, Eric Boyer, President and Chief Executive Officer, said, "We are very pleased to report this substantial increase in operating revenue over the prior year's results. The $27,195 increase in operating loss is primarily attributable to $36,616 in depreciation expenses that did not exist a year ago. In the area of liquidity and capital resources, over the past year we have worked diligently at improving our balance sheet and increased our assets and have seen improvement in our asset to liability ratios, all in an effort to deliver improved return on assets for our shareholders"
Full details regarding the Company's performance and financial data for Q1 '05 can be found in the 10-QSB report, which was filed today with the Securities and Exchange Commission. A link can be found on the Company's website: http://www.premierdev.com/InvestorRelations under the tab, SEC Filings.
About Premier
Premier Development & Investment, Inc. is a publicly held developer and operator of theme-based restaurant and bar concepts. These concepts are developed internally and through partnerships with other restaurant developers with the intent of building them into full-fledged chains and franchise opportunities. Premier owns and operates the Player's Grille Restaurant and Bar(TM), a casual dining sports themed concept based in Florida. Premier Realty Holdings, Inc., a wholly owned subsidiary, operates Countrywide Realty Services, http://www.cw-realty.com , a full service commercial and residential listing brokerage firm specializing in selling, buying, or leasing properties and providing a full range of real estate services to the greater Miami and Southeastern Florida marketplace.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Premier Development & Investment, Inc.) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the restaurant industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and prospective dealings and joint venture projects. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Premier. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, and changes in federal or state tax laws. For a description of additional risks and uncertainties, please refer to Premier's filings with the Securities and Exchange Commission.
Contact: Premier Development & Investment, Inc. Investor Relations, 954-447-9268 ir@premierdev.com www.premierdev.com
-------------------- Remeber! 99% of penney stocks are scams, but with only that 1% you can be rich Posts: 436 | From: University of Sounthern California | Registered: May 2005
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-------------------- Remeber! 99% of penney stocks are scams, but with only that 1% you can be rich Posts: 436 | From: University of Sounthern California | Registered: May 2005
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Today a Black Candlestick was formed. This represents normal selling pressure.
For more about this candlestick click here.
The last two candlesticks formed a Bullish Homing Pigeon Pattern . This is a bullish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation.
Posts: 24 | Registered: May 2005
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-------------------- Remeber! 99% of penney stocks are scams, but with only that 1% you can be rich Posts: 436 | From: University of Sounthern California | Registered: May 2005
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-------------------- Remeber! 99% of penney stocks are scams, but with only that 1% you can be rich Posts: 436 | From: University of Sounthern California | Registered: May 2005
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posted
jump in guys...its at the bottom and holding strong...avg down while u can...Should go now
Posts: 952 | From: OH | Registered: Apr 2005
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Time to get in~ in mroe today I have seen this before where a company takes a drop and makes adjustments before it tanks forward. This past two weeks has been the adjustment. There are people watching this stock so I know when it goes, it will run. The more a stock runs down for no reason the tighter the string on the rubber band gets. It will go once it stops meeting this resistence we have been having lately.
Watch the fun! imo
-------------------- Remeber! 99% of penney stocks are scams, but with only that 1% you can be rich Posts: 436 | From: University of Sounthern California | Registered: May 2005
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posted
Premier Development & Investment, Inc. Executes Sale and Divesture of its Countrywide Realty Services, Inc. Division; Reports Updated Revenue and Earnings Guidance Projections for 2005 E-mail or Print this story
17 May 2005, 10:12am ET
DALLAS--(BUSINESS WIRE)--May 17, 2005--Premier Development & Investment, Inc. (BBDVN), announces that it has sold back its ownership of Netex Financial Services, Inc. d/b/a Countrywide Realty Services to Joseph Machado, Countrywide's original owner. In an agreement executed with an effective date of April 1, 2005, Premier Development and Investment in exchange for its title and interest in the assets of Countrywide received back 400,000 restricted and 100,000 free trading shares of Premier Development & Investment, Inc. common stock in the transaction.
The board of Premier Development chose to then retire the 500,000 shares of common stock and had its transfer agent cancel these shares. Currently the company has 67,924,069 shares issued and outstanding after the cancellation as of May 17, 2005.
Eric Boyer, President of Premier commented on the sale by stating, "Unfortunately the operating results experienced from the Countrywide Realty division were a disappointment from a revenue standpoint. Management felt it best to place its focus and resources on the Players Grille restaurant operations, which have exceeded expectations. We are pleased that we have been able to bring yet another share reduction to our shareholders as a result of the closing of this transaction." the news sounds good. They'll focus on what they do best
-------------------- Remeber! 99% of penney stocks are scams, but with only that 1% you can be rich Posts: 436 | From: University of Sounthern California | Registered: May 2005
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posted
I'm taking the plunge too. It'll make for a sweet ride! How long does anyone think the turnaround will be??? I noticed it was just over a month to recover the last time the stock went down like this.
Posts: 40 | From: Toronto | Registered: Mar 2005
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-------------------- Remeber! 99% of penney stocks are scams, but with only that 1% you can be rich Posts: 436 | From: University of Sounthern California | Registered: May 2005
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posted
karama it might take a little more time than normal but with the reward it should be worth it IMHO....gl to all ...BTW..I have persoanlly been at this restaurant and is a busy/viable very high dollar area of all new construction and the place is already established and is not a startup business...use your own judgement and dd and have fun on this one...should be a ride!!!
Posts: 952 | From: OH | Registered: Apr 2005
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posted
Agree. IF YOU WANT TO MAKE MONEY YOU HAVE TO LEARN HOW TO BE PATIENCE.
FAITH...
-------------------- Remeber! 99% of penney stocks are scams, but with only that 1% you can be rich Posts: 436 | From: University of Sounthern California | Registered: May 2005
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posted
Update. Premier Development & Investment, Inc. Announces Reverse Stock Split
DALLAS--(BUSINESS WIRE)--May 18, 2005--Premier Development & Investment, Inc. (OTC Bulletin Board: PDVN), announces that it will undergo a 1-for-200 reverse stock split. The Board has set the record date for the reverse stock split for Friday, June 3, 2005 and the effective date for Thursday, June 9, 2005.
At a special meeting of stockholders held on May 17, 2005, Premier's Board of Directors unanimously adopted and certain shareholders holding a quorum and subsequent majority of the our voting stock approved a resolution to effect the 1-for-200 reverse stock split (the "reverse split") of the Company's common stock. Also at this special stockholders meeting, the stockholders approved reducing the number of authorized common shares by 1,000,000,000 shares. Upon completion of the reverse split the number of authorized common shares shall be set at 250,000,000.
After giving effect to the reverse split, Premier's issued and outstanding common stock shall be reduced to approximately 339,620 shares from the presently issued and outstanding 67,924,069 shares. The reverse split will affect all shares of the Company's common stock, including those underlying any and all stock options and warrants outstanding prior to the effective date of the reverse split. Fractional shares will not be issued. A cash amount shall be paid, based on the stock price of the record date, on fractional shares and to shareholders that hold less than a share after the reverse split, in lieu of new shares.
Although the desired effect of the reverse split is an increase in the market price of Premier's common stock, no such increase can be assured or calculated. The market price of the common stock may not rise in proportion to the reduction in the number of shares issued and outstanding as a result of the reverse split, nor can there be any assurances that the reverse split will lead to a sustained increase in the market price of Premier's common stock. The market price of the common stock may also change as a result of other unrelated factors, including Premier's operating performance and other factors related to its business as well as general market conditions.
Eric Boyer, President and CEO of Premier, commented, "We believe that this reverse stock split is an important step in Premier's growth strategy. We believe a higher per share stock price will increase the visibility of the Company in the financial community and enhance our ability to complete raising the necessary funding we need to attain our goal of opening additional Players Grille locations this year and beyond, as well as allow us to move forward towards our goal of listing our common stock on a national stock exchange."
A new Premier trading symbol and CUSIP number will be announced on or around the effective date of June 9, 2005. Premier's transfer agent, Transfer Online, Inc., will handle transactions involving stockholders who hold physical certificates and exchange their old stock certificates for new stock certificates. Stockholders whose shares are held by their stockbrokers or with on-line brokerages do not need to submit old stock certificates for exchange.
About Premier
Premier Development & Investment, Inc. is a publicly held developer and operator of theme-based restaurant and bar concepts. These concepts are developed internally and through partnerships with other restaurant developers with the intent of building them into full-fledged chains and franchise opportunities. Premier owns and operates the Player's Grille Restaurant and Bar(TM), a casual dining sports themed concept based in Florida.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain statements within this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward-looking statements may include statements about the implementation of a reverse stock split and other statements containing forward looking terminology such as "may," "expects," "believes," "anticipates," "intends," "expects," "projects," or similar terms Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Premier Development & Investment, Inc.) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the restaurant industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and prospective dealings and joint venture projects. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Premier. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, and changes in federal or state tax laws. For a description of additional risks and uncertainties, please refer to Premier's filings with the Securities and Exchange Commission.
CONTACT: Premier Development & Investment, Inc. Investor Relations Eric Boyer, 954-447-9268 ir@premierdev.comwww.premierdev.com
SOURCE: Premier Development & Investment, Inc.
Posts: 40 | From: Toronto | Registered: Mar 2005
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posted
talk about a brush with disaster - I had an order in for a million shares at 0.07 just the other day - it wasn't filled (I had pulled it 3 minutes post placing it after my gut got a really bad feeling)
Somebody upstairs is watching out for me...
Posts: 277 | Registered: Apr 2005
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posted
You know balder, I had a feeling too but thought it was just too much coffee.Sheesh!I've just been reading old press releases - they've never had a reverse split, had one forward split two years ago. How does anyone feel about PDVN's future? Their recent releases seemed promising.
Posts: 40 | From: Toronto | Registered: Mar 2005
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posted
If they asked you to vote on the reverse split, you should feel great about the company. On the other hand for someone to annouce an R/S without a warning shows they don't care about their investors. I sold this morning and feel bad for those that purchased from me. It's only going lower. I think this is the highest one will ever see it again. Just my opinion. If someone disagrees please say so.
-------------------- If you don't sweat the pennies, you're not making any money. Posts: 2218 | Registered: Feb 2005
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i agree, this company should have gone up many times. Bought some shares after the news release and sold it almost right away cuz it didn't seem right. with those 3 news releases it should have gone up a bunch but ended up going down a bunch. Something is going on in the inside....IMHO
-------------------- Greed has turned me to the Dark Side... Posts: 157 | From: OC | Registered: May 2005
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posted
WHy people so scaried of reverse stock split? can someone explain to me?
-------------------- Remeber! 99% of penney stocks are scams, but with only that 1% you can be rich Posts: 436 | From: University of Sounthern California | Registered: May 2005
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Lets say that u own 30,000 shares of PDVN, they say they are going to do a reverse stock split 30 to 1. Once that happens instead of u having 30k shares u have 1k. Usually do that to get rid of shares and move the stock price up.
-------------------- Greed has turned me to the Dark Side... Posts: 157 | From: OC | Registered: May 2005
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posted
A 1:2 reverse split means "1 new share for every 2 current shares." So if you owned 2 shares of a $3/share stock, you would then have 1 share of a $6/share stock after the split.
it doens't change..
-------------------- Remeber! 99% of penney stocks are scams, but with only that 1% you can be rich Posts: 436 | From: University of Sounthern California | Registered: May 2005
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quote:Originally posted by tongusc: A 1:2 reverse split means "1 new share for every 2 current shares." So if you owned 2 shares of a $3/share stock, you would then have 1 share of a $6/share stock after the split.
it doens't change..
The problem is this:
I bought about .12 and sold about .05. It's now about .03. If it R/Sed now, it would be worth $6.00. It would then have to go all the way to $24 for me to get my original money back. Not impossible, but highly, highly unlikely. Going from $.03 to $.12 doable in a couple good days. $6.00 to $24.00 would take about one really good year.
-------------------- If you don't sweat the pennies, you're not making any money. Posts: 2218 | Registered: Feb 2005
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posted
that is a forward split...we are talking about a reverse split. a reverse split u will be losing shares and ultimatly more money (in most instances)
-------------------- Greed has turned me to the Dark Side... Posts: 157 | From: OC | Registered: May 2005
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quote:Originally posted by tongusc: WHy people so scaried of reverse stock split? can someone explain to me?
Another problem with the reverse split is the authorized shares usually stay the same. In this case they are going to lower them to 250,000,000 from 1,000,000,000. But to keep things even they would need to lower the authorized shares to 5,000,000.
This move gives them 200,000,000 shares to sell and dilute the stock even more, when it all shakes out the stock value will be .24 after the split or .0012 at pre split prices (assuming a pre-split price of .06).
Posts: 20 | From: Wyoming | Registered: Mar 2004
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You paid .10 for each share you bought and you bought 30,000 shares (30k * .10 = $3,000). After the reverse split is announced the stock crashes to .03 per share. Now when the split happens you end up with 1,000 shares worth .90 each for a total investment of $900.
Now everyone and their mom know this stock is run by crooks so they avoid it like the plague and the price starts to fall again. The company needs more money so they issue more stocks and the process starts all over again. A year later you end up with 1000 shares worth .10 each
I gotta agree with chadsly above. If these guys had really had a stockholders meeting and done this right it could have worked out later. But these guys brought the price down and had a buddy (Mr Barnett) buy up shares so they could say they had major investors at the meeting and then they hammered us
-------------------- If you made money, it was a good trade Posts: 453 | From: Cleveland, Ohio | Registered: Apr 2005
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posted
It's almost like they tried to cover it up by releasing other news:
PR#1 Oh look here's our finanial report PR#2 Oh look we have great revenues PR#3 Oh look we're planning on getting rid of this part of company PR#4 Oh look here's a reverse split
I can't wait to see what the next PR will say.
-------------------- If you don't sweat the pennies, you're not making any money. Posts: 2218 | Registered: Feb 2005
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-------------------- Remeber! 99% of penney stocks are scams, but with only that 1% you can be rich Posts: 436 | From: University of Sounthern California | Registered: May 2005
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posted
Although the desired effect of the reverse split is an increase in the market price of Premier's common stock, no such increase can be assured or calculated. The market price of the common stock may not rise in proportion to the reduction in the number of shares issued and outstanding as a result of the reverse split, nor can there be any assurances that the reverse split will lead to a sustained increase in the market price of Premier's common stock. The market price of the common stock may also change as a result of other unrelated factors, including Premier's operating performance and other factors related to its business as well as general market conditions.
Eric Boyer, President and CEO of Premier, commented, "We believe that this reverse stock split is an important step in Premier's growth strategy. We believe a higher per share stock price will increase the visibility of the Company in the financial community and enhance our ability to complete raising the necessary funding we need to attain our goal of opening additional Players Grille locations this year and beyond, as well as allow us to move forward towards our goal of listing our common stock on a national stock exchange."
incredible..................... Make up your mind
-------------------- Remeber! 99% of penney stocks are scams, but with only that 1% you can be rich Posts: 436 | From: University of Sounthern California | Registered: May 2005
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