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Posted On: 04/12/2024 5:38:33 PM
Post# of 85913
Now, PPSI and PSI. You can look in the EDGAR filings (footnotes) I think this was in '06.
Background info from footnotes. PPSI was bought by Univec when Univec was trading on the Nasdaq. PPSI was loosing money. So, after Dalton became CEO he needed to turn PPSI around. PPSI had a 'middleman' that had to be removed so Dalton could do what was needed to turn it around. So Dalton's private company, PSI, loaned PPSI (inside Univec) $1,400,000. Dalton used that to get rid of the middleman. This was in the very long, very detailed footnotes.
So, that tells me that PSI existed and was profitable.
Background info from footnotes. PPSI was bought by Univec when Univec was trading on the Nasdaq. PPSI was loosing money. So, after Dalton became CEO he needed to turn PPSI around. PPSI had a 'middleman' that had to be removed so Dalton could do what was needed to turn it around. So Dalton's private company, PSI, loaned PPSI (inside Univec) $1,400,000. Dalton used that to get rid of the middleman. This was in the very long, very detailed footnotes.
So, that tells me that PSI existed and was profitable.
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