When you got bugs, rodents or any other form of pest control issues, you call an exterminator, typically one who is a seasoned veteran in their field. When you’re looking for a penny stock that could burn up the charts, you look for a break out like yesterday’s Primco Management Inc. (OTC: PMCM) now turned Eat Sleep Media Group, aka ESMG. The same traders who always seem to be there first were there once again on PMCM stock only to get some shocking news just after midnight.
Having forward split, a change of directorship, and now a change of direction far from the level of expertise former Orkin man, current ReMax realtor, Zahoor Ahmad has ever been involved with, traders are eyeing PMCM stock without any Eat or Sleep, especially those who jumped into it on Wednesday.
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PMCM Stock Chart
Market Cap: 27.74M
Last: 0.15 ▼ -0.275 (-64.71%)
Dollar Volume: $$125,507
Issued and Outstanding: 184,912,000
Zahoor Ahmad: 160,000,000
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Prior to the news announcement just after midnight from Mississauga, Ontario, Canada, everything seemed copacetic; a real estate management start up company with minimal revenues sold the majority ownership of the Company to a real estate agent operating in the same area Primco Management was already doing business in. For $346,380, Ahmad purchased 86.5% of the outstanding shares of the Company from Neal Friedman, a former director.
Optimism flowed as the new owner’s personal website portrayed the abilities he brings to the table (see here) after having served for nearly a decade as a certified field trainer for the termite experts, Orkin. That soon switched to a quick moment of “WTF” when news came out after midnight and comparisons to the feeling those who got in front of Rarus Technologies Inc. (RARS), a flopped penny stock, began to surface and eat away at last nights dreams of new found riches.
However, all is not yet lost. It’s less than 24 hours since PMCM stock began trading for the first time and the website for Eat Sleep Media Group,a company calling themselves “A New Multi-Media Force in Film, Music, Radio, TV & Interactive Sports Webcasting” looks pretty sharp.
We know for certain the Lahore, Pakistan Garden College graduate with a M.Sc. in Plant Pathology turned exterminator turned Ontario real estate agent and now sole director of a booming new media Company paid nearly $400k for his 160,000,000 shares in PMCM.
We also know that, according to Eat Sleep Media’s website, the Company entered into an exclusive recording agreement with the music artist Choo Biggz. The deal is supposedly for an initial term, plus six additional term options, to produce and distribute on a worldwide basis the artist’s music albums and singles, with the delivery of 2 completed album masters during the initial term.
Is this Ahmad set to become the new Simon Cowell? That is long from being able to be judged, but PMCM stock is definitely making some extremely loud sounds and worthy of a call back to be watched closely today and the remainder of month for someone to pick them up. Who knows, PMCM stock could become the Next Penny Stock Idol for the OTC.
About PMCM Stock
Primco Management Inc. turned Eat Sleep Media Group is an innovative, consumer driven interactive entertainment content provider. Click here to view the SEC filings for PMCM.
Bottom Line: The “news bomb” was more than enough to put PMCM stock on the list of pre-promotion penny stocks to watch. Whether they change the ticker symbol from PMCM to ESMG (which is available), it is surely, 100%, without any shadow of a doubt, one for the watch list with no certainty as to who heads it.
The 24.91 million share float lacks a certain amount of gravity at present, front loading has never been more speculative than it is now or lucrative.
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