here is the entire letter:
March 24, 2015
Dear Shareholders, Friends & Financial Institutions:
Recent business negotiations and relative due diligence has brought to our attention some very defamatory claims, rife with lies and false accusations, published by the posters known as “Cassandra” and “SeaAm”on the rogue investing message board site known as “iHub” (www.investorshub.com).
Regarding “Cassandra” a simple online search of both “Cassandra” and investorshub.com will reveal that both have been the subject of countless complaints by individuals and companies alike for many years. From new investors to practicing attorney’s to CEO’s, the people who have suffered as a result of the exceedingly damaging actions committed by iHub and its “bashers”, including “Cassandra”, that capitalize off the intentional suppression of a stock, is incredible.
Then there are those former contractors/employees, such as the poster known as “SeaAm”, whose name is David W. Turner, former interim CFO of PV Enterprises, Inc., with an ax to grind after being terminated, that use such places as iHub as a means to facilitate a rampage, caring not how many lives are negatively impacted in the process.
These people seemingly have carte blanche with disseminating countless lies, misinformation and personal attacks against people who are not afforded much of an opportunity to defend themselves due to the obvious illicit nature of investorshub.com.
Not only do people such as “Cassandra” work tirelessly to destroy the image of a company and at times, the corporate officers and affiliates, as they capitalize off the downward spiral of stock prices, they employ every tactic possible to suppress any refutation or defense of the company by deleting these refutations, limiting supporters posts, publicly attacking these supporters and even “jailing” supporters, thereby preventing them from further postings. Many of these “bashers” have no idea how businesses function; no education to understand how and what needs to be done in each business transactions to complete certain obligations. More specifically in maritime business where a significant amount of education and experience is required to understand how to charter and employ the required persons to move a vessel from one continent to another.
With regard to the below mentioned post by “Cassandra” (please see the bottom of this announcement), I would like to address the Panama deal she refers to as a “scam”. PV Enterprises was attempting to execute a business transaction with Aventuras 2000 Panama tour operator to employ a ferry RoRo Pax type vessel with service at the Colon – Cartagena ports. The obligations of PVE was to indentify the right vessel, manage said vessel and ensure that Aventouras 2000 adequately markets the vessel.
PVE indentified the right vessel to meet the expectations of the project and placed the deposit for this vessel. The corresponding signed agreement (MOA) copies are available at our office to any confirmed shareholder.
Unfortunately, one of the stipulations set forth by Aventouras 2000 was to present enough market interest and bookings to ensure the vessels revenue will be sufficient to support the breakeven point and the necessary funds to proceed with the then present market, under the escrow deposit amount, but this could not be accomplished.
For this reason PVE decided that it could not afford the risk of repositioning the vessel to Panama, absorbing the approximate $2 million dollar cost for fuel, crew, insurances and port expenses.
The above is also available for verification at our office by any confirmed shareholder.
For further information regarding this matter please do not hesitate to contact our office.
Sincerely,
PV Enterprises International, Inc.
PV Enterprises International, Inc. Public Announcement #2
Dated: March 24, 2015
Subject : Maritime Matters weblink posted on investorshub.com
In reference to crew matters and complaints aboard the Ocean Star Pacific:
PVE entered into an agreement with the owners of OSP (Ocean Star Pacific) to charter and utilize for hotel accommodations with an option to purchase upon completion of the hotel charter.
PVE deposited $2.5 million as per the agreement to the owners of the OSP, subsequently sending the necessary crew on board in order to prepare the vessel for its voyage and final destination.
Unbeknownst to PVE at the time of chartering, the reactivation of the vessel was facing many technical issues, particularly to the power management and generator. These issues were never disclosed on classification reports nor on delivery agreements. Although PVE spent an additional $1 million on required technical repairs, we were not able to bring the vessel to class acceptable condition.
In order to meet the standards and conditions required to be safe and functional, the Vessel will require towing to a shipyard, replacement of the power generation plants and various other repairs that will cost an additional $2 million.
Neither the mortgage bank or the owners were willing to invest the required funds necessary for the repairs. With PVE already invested $ 3.5 million coupled with the significant delays already incurred as well as those that would be imposed to see the vessel repaired, the hotel charter was impossible to complete therefore PVE lost the opportunity.
By maritime rules, when a situation like this happens, the owners who are in receipt of the $2.5 million deposit made by PVE, should be responsible for repairing the asset (OSP) as well repatriating the crew and fees associated with the vessel being laid up again.
Please note that PVE had met all necessary requirements for insurance of Hull and Machinery, P&I and loss of hire that incurred an additional cost of $250k.
Let it be known that in due course Mr. Peter Villiotis and all members of PVEI, past and present,
that have been negatively affected by these libelous claims and repeated lies will move forward
in legal action against the perpetrators.
Further information regarding the aforementioned activity by “Cassandra” and
investorshub.com, including public proclamations by those specifically affected by their corrupt
actions is listed at the close of this statement.
Sincerely,
PV Enterprises International, Inc.
___________BEGIN iHub POST______________
(
March 24, 2015
Dear Shareholders, Friends & Financial Institutions:
Recent business negotiations and relative due diligence has brought to our attention some very defamatory claims, rife with lies and false accusations, published by the posters known as “Cassandra” and “SeaAm”on the rogue investing message board site known as “iHub” (www.investorshub.com).
Regarding “Cassandra” a simple online search of both “Cassandra” and investorshub.com will reveal that both have been the subject of countless complaints by individuals and companies alike for many years. From new investors to practicing attorney’s to CEO’s, the people who have suffered as a result of the exceedingly damaging actions committed by iHub and its “bashers”, including “Cassandra”, that capitalize off the intentional suppression of a stock, is incredible.
Then there are those former contractors/employees, such as the poster known as “SeaAm”, whose name is David W. Turner, former interim CFO of PV Enterprises, Inc., with an ax to grind after being terminated, that use such places as iHub as a means to facilitate a rampage, caring not how many lives are negatively impacted in the process.
These people seemingly have carte blanche with disseminating countless lies, misinformation and personal attacks against people who are not afforded much of an opportunity to defend themselves due to the obvious illicit nature of investorshub.com.
Not only do people such as “Cassandra” work tirelessly to destroy the image of a company and at times, the corporate officers and affiliates, as they capitalize off the downward spiral of stock prices, they employ every tactic possible to suppress any refutation or defense of the company by deleting these refutations, limiting supporters posts, publicly attacking these supporters and even “jailing” supporters, thereby preventing them from further postings. Many of these “bashers” have no idea how businesses function; no education to understand how and what needs to be done in each business transactions to complete certain obligations. More specifically in maritime business where a significant amount of education and experience is required to understand how to charter and employ the required persons to move a vessel from one continent to another.
With regard to the below mentioned post by “Cassandra” (please see the bottom of this announcement), I would like to address the Panama deal she refers to as a “scam”. PV Enterprises was attempting to execute a business transaction with Aventuras 2000 Panama tour operator to employ a ferry RoRo Pax type vessel with service at the Colon – Cartagena ports. The obligations of PVE was to indentify the right vessel, manage said vessel and ensure that Aventouras 2000 adequately markets the vessel.
PVE indentified the right vessel to meet the expectations of the project and placed the deposit for this vessel. The corresponding signed agreement (MOA) copies are available at our office to any confirmed shareholder.
Unfortunately, one of the stipulations set forth by Aventouras 2000 was to present enough market interest and bookings to ensure the vessels revenue will be sufficient to support the breakeven point and the necessary funds to proceed with the then present market, under the escrow deposit amount, but this could not be accomplished.
For this reason PVE decided that it could not afford the risk of repositioning the vessel to Panama, absorbing the approximate $2 million dollar cost for fuel, crew, insurances and port expenses.
The above is also available for verification at our office by any confirmed shareholder.
For further information regarding this matter please do not hesitate to contact our office.
Sincerely,
PV Enterprises International, Inc.
PV Enterprises International, Inc. Public Announcement #2
Dated: March 24, 2015
Subject : Maritime Matters weblink posted on investorshub.com
In reference to crew matters and complaints aboard the Ocean Star Pacific:
PVE entered into an agreement with the owners of OSP (Ocean Star Pacific) to charter and utilize for hotel accommodations with an option to purchase upon completion of the hotel charter.
PVE deposited $2.5 million as per the agreement to the owners of the OSP, subsequently sending the necessary crew on board in order to prepare the vessel for its voyage and final destination.
Unbeknownst to PVE at the time of chartering, the reactivation of the vessel was facing many technical issues, particularly to the power management and generator. These issues were never disclosed on classification reports nor on delivery agreements. Although PVE spent an additional $1 million on required technical repairs, we were not able to bring the vessel to class acceptable condition.
In order to meet the standards and conditions required to be safe and functional, the Vessel will require towing to a shipyard, replacement of the power generation plants and various other repairs that will cost an additional $2 million.
Neither the mortgage bank or the owners were willing to invest the required funds necessary for the repairs. With PVE already invested $ 3.5 million coupled with the significant delays already incurred as well as those that would be imposed to see the vessel repaired, the hotel charter was impossible to complete therefore PVE lost the opportunity.
By maritime rules, when a situation like this happens, the owners who are in receipt of the $2.5 million deposit made by PVE, should be responsible for repairing the asset (OSP) as well repatriating the crew and fees associated with the vessel being laid up again.
Please note that PVE had met all necessary requirements for insurance of Hull and Machinery, P&I and loss of hire that incurred an additional cost of $250k.
Let it be known that in due course Mr. Peter Villiotis and all members of PVEI, past and present,
that have been negatively affected by these libelous claims and repeated lies will move forward
in legal action against the perpetrators.
Further information regarding the aforementioned activity by “Cassandra” and
investorshub.com, including public proclamations by those specifically affected by their corrupt
actions is listed at the close of this statement.
Sincerely,
PV Enterprises International, Inc.
___________BEGIN iHub POST______________
(
