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TankerOne · 24-03-2014, 12:57

Primco Management Announces No Further Share Increase at the End of March as Earlier Reported

LOS ANGELES, March 24, 2014 /PRNewswire/ -- Primco Management Inc. (OTCQB: PMCM), a fully integrated multi-media entertainment and real estate development company, today announced that the Company has commenced audits on both the Top Sail and D&B acquisitions, and that there will be no increase in the number of authorized shares until the audits and amended filing has been declared effective.

"Based on conversations with our attorneys, it is possible that there will be no share increase for 90 days", stated David Michery, CEO. "In the meantime, this delay is a blessing to our shareholders as we are in the midst of negotiating the settlement of all of our convertible debt and, consequently, the preservation of our share price. We have already entered into agreements with equity investors and have begun the process of improving the balance sheet."

24-03-2014, 12:57	#12
TankerOne TBB Starmember Registriert seit: Jun 2010 Beiträge: 496	Primco Management Announces No Further Share Increase at the End of March as Earlier Primco Management Announces No Further Share Increase at the End of March as Earlier Reported LOS ANGELES, March 24, 2014 /PRNewswire/ -- Primco Management Inc. (OTCQB: PMCM), a fully integrated multi-media entertainment and real estate development company, today announced that the Company has commenced audits on both the Top Sail and D&B acquisitions, and that there will be no increase in the number of authorized shares until the audits and amended filing has been declared effective. "Based on conversations with our attorneys, it is possible that there will be no share increase for 90 days", stated David Michery, CEO. "In the meantime, this delay is a blessing to our shareholders as we are in the midst of negotiating the settlement of all of our convertible debt and, consequently, the preservation of our share price. We have already entered into agreements with equity investors and have begun the process of improving the balance sheet."