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Posted On: 04/26/2017 8:50:58 AM
Post# of 103888
$PMEA news out looks interesting! I saw this ticker mentioned last night on twitter and started checking it out. Added it to my buy list @.0005-.0006. Well this news just hit so could be a fun ride! No position yet........
CHEYENNE, WY--(Marketwired - Apr 26, 2017) - Aircraft manufacturer PM&E, Inc. ( OTC : PMEA ) announced today that it has agreed to the purchase of EVADA Aircraft by publicly traded, Seilon, Inc. ( OTC : SEIL ).
CEO Joseph Bourne stated, "At this point in our company's history, it is important for us to accomplish two objectives. One, that Evada Aircraft operates within a business framework that will ensure the successful manufacture and sales of Evada Aircraft units sooner rather than later and two, to ensure that our existing shareholders who have been with us for the long term are taken care of in the most favorable way possible. With both of these objectives in mind, we have made the decision to move forward with the sale of Evada Aircraft to Seilon, Inc."
Seilon, Inc. recently made an acquisition of a media and broadcasting operation with operations in Tunisia, Spain and with planned operations in North America. The upside revenue potential from the first merger is very favorable. Evada Aircraft will be the second acquisition for Seilon, Inc. and will occur via a share exchange. In addition to these two acquisitions, Seilon, Inc. is exploring additional opportunities in the solar and cannabis industries.
Mr. Bourne went on to say, "We negotiated this transaction as a share exchange at a ratio of eight to one. In other words, PMEA shareholders will receive one share of SEIL for every eight shares of PMEA. We will have more information to share in the coming days, but for now we wanted to give as much detail as possible to allow investors to make an informed decision based on what we know to this point."
Mr. Bourne finished up with, "From day one, the number of shares outstanding and the chill that we could never get lifted in spite of our current status caused problems on several fronts. We are excited about the opportunity to be part of a company without those issues and part of a company that will grow and expand long term as a holding company that will take advantage of multiple business opportunities across several industries. Evada will still operate as a separate and independent operation, but with a fresh start that will give us a better opportunity for success long term."https://finance.yahoo.com/news/pm-e-inc-accepts-purchase-123000484.html
CHEYENNE, WY--(Marketwired - Apr 26, 2017) - Aircraft manufacturer PM&E, Inc. ( OTC : PMEA ) announced today that it has agreed to the purchase of EVADA Aircraft by publicly traded, Seilon, Inc. ( OTC : SEIL ).
CEO Joseph Bourne stated, "At this point in our company's history, it is important for us to accomplish two objectives. One, that Evada Aircraft operates within a business framework that will ensure the successful manufacture and sales of Evada Aircraft units sooner rather than later and two, to ensure that our existing shareholders who have been with us for the long term are taken care of in the most favorable way possible. With both of these objectives in mind, we have made the decision to move forward with the sale of Evada Aircraft to Seilon, Inc."
Seilon, Inc. recently made an acquisition of a media and broadcasting operation with operations in Tunisia, Spain and with planned operations in North America. The upside revenue potential from the first merger is very favorable. Evada Aircraft will be the second acquisition for Seilon, Inc. and will occur via a share exchange. In addition to these two acquisitions, Seilon, Inc. is exploring additional opportunities in the solar and cannabis industries.
Mr. Bourne went on to say, "We negotiated this transaction as a share exchange at a ratio of eight to one. In other words, PMEA shareholders will receive one share of SEIL for every eight shares of PMEA. We will have more information to share in the coming days, but for now we wanted to give as much detail as possible to allow investors to make an informed decision based on what we know to this point."
Mr. Bourne finished up with, "From day one, the number of shares outstanding and the chill that we could never get lifted in spite of our current status caused problems on several fronts. We are excited about the opportunity to be part of a company without those issues and part of a company that will grow and expand long term as a holding company that will take advantage of multiple business opportunities across several industries. Evada will still operate as a separate and independent operation, but with a fresh start that will give us a better opportunity for success long term."https://finance.yahoo.com/news/pm-e-inc-accepts-purchase-123000484.html
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****Disclaimer**** Nothing I post is meant to be investment advice. Please do your own DD and research. At the end of the day we are all responsible for our own actions. I click the buy button and I click the sell button. I and I alone.
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