posted
according to the PR it says this company's float is 8Million , this means they have traded over half of their Float today. I Hope these MMs lose their XMas tree with these stupid games they playing.
-------------------- Please do your DD. Break some bread with me! Posts: 1138 | From: atlanta | Registered: Apr 2006
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posted
I just plan on trading for now. Definitely a little MM paint job on virtually no selling pressure. LOL
Posts: 539 | From: BIG D | Registered: Apr 2005
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posted
Hey Guy's The O/S has almost doubled to 47 million. P/R states Jim (previous owner of 49%) recieved stock for his part. Did he get all 25 million extra shares? Why didn't they P/R how many shares they used? Now, don't forget, they want to get the other remaining 51% from Summus. More shares into the O/S? The float? I would bet on it.
IMO, the only thing that is going to rise hear is the O/S and float.
Over half a billion shares in the A/S with 47 million O/S. Tons of room to dilute.
Posts: 25 | Registered: Aug 2006
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posted
MMs brought this one down, stole some shares from investors in panic. They've raised the ASK. this one may skyrocket with short squeeze!!!...MMs trying to fill their inventory.
-------------------- Please do your DD. Break some bread with me! Posts: 1138 | From: atlanta | Registered: Apr 2006
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quote:Originally posted by BENJAMINS: MMs brought this one down, stole some shares from investors in panic. They've raised the ASK. this one may skyrocket with short squeeze!!!...MMs trying to fill their inventory.
On the other hand, could be pure and simple dillution by the company and the MM's know that they have plenty shares to move and this is going sub-penny. Either scenario is just as likely
Posts: 25 | Registered: Aug 2006
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posted
Podium Venture Group, Inc. Announces Discussions for 100% Acquisition of Erino Clothing Company Dec 27, 2006 1:21:00 PM 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 to acquire 100% of Erino Clothing Company (erinoclothing.com), a surf-lifestyle clothing company. The closing of this acquisition, expected before the end of the year, would bring Podium its second scheduled wholly owned subsidiary.
"As we previously released on November 6th, we were moving quickly to acquire 75% of Erino Clothing. With all the other happenings in the company; the 25% stock dividend, the acquisition of N'East Magazine, the close of 2006, and the trade show season for Erino quickly approaching, the M&A team here at Podium thought it best to further assess risk vs. gain in the Erino transaction. This lead us happily to a 100% acquisition which we expect to close before 2007. Once this acquisition is closed, along with the others lined up ready to knock over, we intend to release the new 2007 Erino line and take it to the national level," Jim McGinley, President & CEO, Podium Venture Group, Inc.
Podium Venture Group, Inc. is an apparel, media and publishing holding company in the lifestyle sports industry. The company intends to grow through strategic acquisitions, capitalization and internal growth. The approximate share structure as of December 27, 2006: A/S 525,000,000, O/S 47,000,000, Float 8,000,000.
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.
Source: Podium Venture Group, Inc.
Posts: 2473 | Registered: May 2006
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posted
This was my first post on PDVP, Did you listen?
posted December 15, 2006 12:50 -------------------------------------------------------------------------------- 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.
Posts: 25 | Registered: Aug 2006
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posted
It will be interesting to see how the rest of this week plays out. Friday is the date that one needs to be on record as a shareholder to receive the 25% dividend. If the company does not push the date out (again) and/or it puts a PR out confirming the date this could jump up with people getting on board. Who knows though.
From the Dec 7 PR- PORTLAND, Maine, Dec 07, 2006 (BUSINESS WIRE) -- Podium Venture Group Inc. (Pinksheets: PDVP), an apparel, media and publishing holding company in the lifestyle sports industry, announced today that its Board of Directors has approved and set a new shareholder of record date of December 29, 2006, and payable January 15, 2007 for the 25% free trading stock dividend.
The previously announced shareholder of record date of December 10, 2006 and payable December 29, 2006 is now null and void. The company apologizes for any inconvenience or confusion that this may have caused.
posted
PR out: 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 closed the 100% acquisition of Erino Clothing, a surf / lifestyle clothing company.
"As we previously released on November 6th, we were moving quickly to acquire 75% of Erino Clothing (erinoclothing.com). After much effort by all parties, we are extremely pleased to report that Podium has acquired 100% of the emerging surf apparel brand and we welcome the first wholly owned subsidiary into the company," Jim McGinley, President & CEO, Podium Venture Group, Inc.
Mr. McGinley continues in regards to recent shareholder discussions:
"This acquisition was delayed slightly due to the holiday season and the re-structuring of the 100% deal which was completed by restricted stock and cash on hand. Now with this transaction behind us, we intend to push Erino into the national market, close any remaining M&A transactions as previously announced, and take a close look at the current structure of the company including forecasted revenue, NOBO list and the PPS," Jim McGinley, President & CEO, Podium Venture Group, Inc.
Posts: 78 | Registered: Aug 2006
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posted
trade, you forgot this part of the P/R. Do you find it irrelevant?
Podium Venture Group, Inc. is an apparel, media and publishing holding company in the lifestyle sports industry. The company intends to grow through strategic acquisitions, capitalization and internal growth. The approximate share structure as of Jan 4, 2007: A/S 525,000,000, O/S 58,000,000
Posts: 25 | Registered: Aug 2006
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