PDVN - Stock Pick of the Year 2004??!!? - 500 Beiträge pro Seite

eröffnet am 02.03.04 11:12:27 von
neuester Beitrag 23.03.04 08:35:47 von

ISIN: US74049P2011 | WKN: A0ET24 | Symbol: PDIV
Nasdaq OTC
-60,00 %
-0,090 USD

Neuigkeiten zur Premier Development & Investment Aktie

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02.03.04 11:12:27
Gerade erhalten:

Dear Readers:

We have great news! We finally are releasing the stock pick you have been waiting for. This is our stock pick of the year 2004. If you buy one stock this year, this should be the one.

Now is the time!

Timing is everything and this stock is too good to pass up.

This little gem has been overlooked by most of the investing public. It receives our highest rating for 10 out of 10 because it is not well known and they are making great strives to grow the company for their shareholders.

>>> Latest News:

Premier Significantly Reduces Shares Outstanding

Premier Development & Investment, Inc. (OTCBB: PDVN) announces that its Board of Directors has cancelled 6,709,750 shares of its issued and outstanding common stock and 735,000 shares of its issued and outstanding $25 convertible preferred stock, class A. After this share reduction Premier has 75,920,250 shares of common stock issued and outstand and no shares of preferred stock issued and outstanding.

This is the second significant reduction of shares outstanding by Premier in recent months. The shares of common stock and preferred stock that were cancelled were owned principally by Premier insiders and early stage investors.

Eric R. Boyer, Premier’s President and CEO, commented, “Recent improvements in Premier’s overall business and general direction enabled us to successfully complete this sizable reduction in shares outstanding. By and through this share reduction we are working to enhance existing stockholder valuations and strengthen our earnings per share results.”

“As our business continues to grow and develop we will continue exploring additional future reductions in shares outstanding, including a possible stock buyback, to further enhance our stockholders’ levels of ownership and valuations,” added Mr. Boyer.

Premier Development & Investment, Inc. is a publicly held developer and operator of theme-based restaurant and bar concepts. These concepts are developed internally and through partnerships with other restaurant developers with the intent of building them into full-fledged chains and franchise opportunities. Premier is the Managing Partner of Coconut Grove Group, Ltd., a joint venture project involving the development of a chain of Caribbean-based restaurants and bars called Coconut Grove Grille and Blue Water Bar(TM).

Prior News:

Premier Enters Into Letter of Intent to Purchase Countrywide Realty Services. Premier Also to Create New Wholly-Owned Realty Division; Acquisition Expected to be Accretive to Fiscal 2004 Revenues and Earnings.

Final Word:

We are happy to present this rare opportunity to our readers first (PDVN). It carries a 10 out of 10 rating, which is our highest rating for potential returns. This is a company expanding into real estate and this is a company that cares about its shareholders because it’s making a commitment not to dilute and is even reducing the number of shares outstanding. These are very bullish signs! Imagine what will happen to PDVN when the public catches on to the excitement in this company. Do not miss out on this one!
02.03.04 11:23:11
sorry, aber Du meinst sicher DVN1, WKN 126218

Aktuell 1,16
Zeit 02.03.04 11:17:05
Diff. Vortag +19,59%
Tages-Vol. 10.203
Geh. Stück 9.870

Geld 1,10
Brief 1,16
Zeit 02.03.04 11:18:04
Geld Stk. 2.000
Brief Stk. 830
02.03.04 11:27:17
nein, WKN A0BMJJ. ;)

Börse Frankfurt

Aktuell 1,88 EUR

Zeit 02.03.04 10:52

Diff. Vortag +4,44 %

Tages-Vol. 7.144,00

Geh. Stück 3.800

Geld 1,86

Brief 1,91

Zeit 02.03.04 10:52

Spread 2,62%
02.03.04 11:32:06
Nummer 2 ist doch auch nicht schlecht, oder?;)
03.03.04 15:29:27
Super Perspektiven - um Geld umzuverteilen......


February 19, 2004

Premier Development & Investment, Inc. (OTCBB: PDVN) was formed in March 2001 with a plan to open a chain of "theme-based" restaurants and bars to be called the Coconut Grove Grill and Blue Water Bar. Three years have passed, and the Company has no restaurants, no bars, and virtually no money. As of September 30, 2003 (the date of its most recent financial report) Premier had $25 in the bank. As we saw in Part I of this series, this did not discourage a paid promoter from touting Premier as a "10 out of 10" - its "highest" investment rating.

What would justify this unbridled optimism? Premier`s newest project does not seem to provide the answers.

A Little Bit of Country

Despite its failure to open the first Coconut Grove Grill and Blue Water Bar, Premier continues to describe itself as "a publicly held developer and operator of theme-based restaurant and bar concepts." Recently, however, the Company has entered another industry. On January 13, 2004, the Company announced that it had signed a Letter of Intent to acquire Countrywide Realty Services, which it described as "one of South Florida`s premier full-service independent real estate companies." The Company did not state where Countrywide`s offices are located.

In a January 13th press release disclosing the potential acquisition, Premier did not reveal any terms of the deal, but promised an audit of Countrywide and predicted that the transaction would close within ninety days. The Company said that it would create a new realty division, Premier Realty Holdings, to manage Countrywide and seek further real estate related businesses.

According to Premier`s President and Chief Executive Officer Eric Boyer, the Countrywide acquisition will give the Company in-house realty expertise that could reduce the costs associated with developing restaurants. For its part, Countrywide said it was excited to be joining Premier. Countrywide`s President Joe Machado noted that "[w]ith Premier`s assistance we intend to begin executing our new marketing and sales program shortly after consummating the merger and expect to start seeing significant increases in sales as early as the fiscal quarter ending June 30, 2004."

It is not clear how Premier`s involvement will enable Countrywide to achieve those goals. Based upon the Company`s most recent financial statements, it does not appear that Premier will be contributing significant capital to the real estate project and, as of March 2003, Premier had just two full time employees.

On the other hand, it is difficult for investors to assess the value of Countrywide. The January 13th press release claimed that Countrywide had "nearly doubled its sales force and achieved a 96% growth in fiscal 2003 revenue." Exactly what does that mean? How big was the sales force in 2002 - and what were the revenues?

Such obvious questions apparently did not concern the promoters who issued the "Undervalued Report." Despite the delayed debut of the first Coconut Grove Grill and Blue Water Bar, the undefined nature of the Company`s potential real estate business, the absence of material revenues, and the woeful condition of Premier`s bank account, those promoters called Premier a "rare opportunity," and bestowed upon it "a 10 out of 10 rating, which is our highest rating for potential returns." Perhaps that view was skewed by the 50,000 shares of Premier common stock "Undervalued Report" admittedly received from an unnamed "third party" to distribute their advertisement for the Company.

Less Is More, More or Less

Speaking of shares, Premier Development has kept one eye on the state of its outstanding shares - although the focus and philosophy seem to be constantly changing.

In the first quarter of 2003, the Company orchestrated a share exchange offer, giving shareholders an opportunity to swap their common stock for shares of restricted Class A Preferred Stock. Each of the preferred shares could be converted into five shares of common stock, but only after March 4, 2004. On March 3rd the Company announced that 3,675,000 common shares had been converted into 735,000 preferred shares.

Premier`s President Eric Boyer claimed that the reduction of outstanding common shares "should make Premier much more attractive to new outside investors and joint venture partners." Still, while reducing the common share float might have an appeal to some investors, they certainly would be aware of the overhang created by the impending conversion of the preferred stock, which could restore the original common float.

As it turned out, however, the Company was soon sending mixed signals. On March 31, 2003, Premier approved a 50-for-1 forward split of the common stock - increasing the outstanding shares to 83,750,000. What had happened to the virtues of a reduced float? Why was the Company, which less than one month earlier vowed to reduce the outstanding common shares, now increasing them - by a multiple of fifty? President Boyer articulated a new perspective, declaring that "this forward split will serve to increase our stock`s liquidity and broaden its marketability while enabling us to successfully complete pending business opportunities."

Had the Company`s philosophy changed - in less than thirty days - and was Premier now determined to increase the number of outstanding shares? Not so fast. On July 9, 2003, the Company revealed that its Board of Directors had cancelled 1,120,000 shares of common stock, in order to "enhance stockholder valuations while improving our operating statements." Still, that hardly reduced the outstanding common stock to the level existing before the 50-for-1 split.

Premier was not done. On January 21, 2004, the Company announced that another 6,709,750 common shares had been cancelled, as well as all of the outstanding preferred shares. According to the Company, most of those cancelled shares had been owned by Premier`s "insiders and early stage investors." The Company claimed that the latest reduction was in response to "recent improvements in Premier`s overall business and general direction" - though those improvements have yet to be reflected in the financial statements.

That leaves approximately 76 million shares outstanding. The value of those shares has increased significantly over the past year, despite the Company`s tepid balance sheet and failure to open any restaurant/bars. It has been something of a rollercoaster ride for investors, but with a decidedly upward slant.

On April 11, 2003, the day the 50-for one stock split became effective, Premier common stock closed at 3 cents a share. By July 16, 2003, the day the Company announced plans to acquire a Caribbean-themed restaurant, the shares traded as high as 28 cents. By August 6th, however, the stock price had descended once again, to 4 cents a share. Share prices remained at between 3 cents and 6 cents from early August through early November, and then began a gradual rise, to 61 cents at the end of December 2003.

Since the beginning of January 2004, Premier`s stock price has soared, even though there is no indication that the Company`s financial position has improved, and no further word on the state of those restaurant/bars. On January 20th stock prices hit a high of $3.30 a share. As of February 16th, Premier shares were trading at $2.50. On February 18th they dropped to $2.25, still quite pricey considering the Company`s financial condition.

In its January 21, 2004 press release, Premier said that it would explore "a possible stock buyback" in the future. Based upon its September 30, 2003 financial position, which showed $25 in cash, the Company could repurchase about ten shares.

A significant portion of that price increase occurred at the time the Company issued its press release announcing the acquisition of Countrywide Realty Services. That in itself is puzzling since the press release provides few concrete details of the transaction or its potential financial benefit.

Now Premier wants to have its shares listed on a European exchange as well. The Company announced on February 13th that it would seek to list the shares on the German Stock Exchange in order to gain access to "100 million additional European investors."

Does "Undervalued Report" know how to say "10" in German? Allow us to help. Ist diese Firma eine zehn? It seems more like a nein.

©2004 Stock Patrol.com. All rights reserved.

22.03.04 18:27:32
February 18, 2004

Virtually everything has been devalued in recent years, so why not that hallowed rating - “10” on a scale of “10?”

A generation ago, a young actress with corn-row braids named Bo Derek earned that “perfect” rating and became a cultural icon – albeit briefly – as Dudley Moore’s obsession in Blake Edwards’ film “10.” Like the U.S. dollar, however, a “10” rating just isn’t what it used to be.

Earlier this month we received a promotional sheet called “Undervalued Report,” which claimed to be “finding you the best stocks on the street!” It did not, of course, identify the “street” where it had been searching for those banner investments. Intrigued, we read on as “Undervalued Report” revealed its “stock pick for the year 2004,” a company called Premier Development & Investment, Inc. (OTCBB: PDVN).

“Undervalued Report” lavished Premier Development with unabashed praise, rating the Company “10 out of 10,” advising readers that “f you buy one stock this year, this should be the one.” “The promoter also set a target price of $10 for Premier Development stock, which was trading at approximately $2.05. As of February 3, 2004, Premier Development shares were trading at $2.50. With approximately 76 million shares of common stock outstanding, that would make the Company worth something like $190 million.

Less lofty are the numbers contained in the Company’s financial statements. As of September 30, 2003 (the date of Premier Development’s most recent financial report), the Company has $25 in cash and another $5,000 in what it described as “marketable securities.” Premier Development had no revenues between July 1, 2003 and September 30, 2003, and only minimal income before that period.

Still, “Undervalued Reports” awarded Premier Development its “highest rating of 10 out of 10.”

By that standard, Bo Derek would be off the charts.

A Lovely Bunch of Coconuts

Back before he earned his fortune as the developer of such game shows as “Wheel of Fortune” and “Jeopardy,” Merv Griffin was a popular band singer who came to fame singing a novelty number called “I’ve Got a Lovely Bunch of Coconuts.”

Premier Development has been hinging its hopes on a different bunch of coconuts. The Company, which was formed in Nevada in March 2001, has been planning to open a chain of Caribbean-themed restaurants and bars called Coconut Grove Grille and Blue Water Bar. On July 30, 2001, Premier entered into a joint venture agreement with Tiki Hut Enterprises, Inc., described only as an “international business corporation” and private developer of restaurants and bars.

The joint venture, known as Coconut Grove Group, Ltd., is owned 80% by Tiki Hut and 20% by Premier Development, and managed by Premier. According to the Company, the venture intends to design, develop, finance and operate its “chain of theme-based casual restaurants and bars…in and around major tourist destinations throughout the Caribbean Sea and major U.S. cities.” According to the company, Coconut Grove Group was initially capitalized with a $3 million cash contribution from Tiki Hut and one million restricted shares of Premier Development stock.

Although the Company agreed to register those shares with the Securities and Exchange Commission within one year we could not find any Registration Statement reflecting that stock. We did discover, however, that Coconut Grove Group held 150,000 shares of Premier common stock, and 170,000 shares of convertible preferred stock as of March 25, 2003. Each of the preferred shares may be converted into five shares of common stock after March 1, 2004.

Two and one half years later there is no sign that the joint venture has moved forward. Premier Development’s Form 10-K Annual Report for the year ended December 31, 2001 claimed that construction on the first Coconut Grove restaurant would commence in Spring 2002, with a grand opening slated for fall 2002 “just prior to the peak tourist season.”

The Company repeated that projection the following year in its Form 10-K for the year ended December 31, 2002 – even though the anticipated construction and opening dates had already passed with no sign of a Coconut Grove restaurant and bar. The Company’s 2002 Form 10-K, which was filed on March 31, 2003, went on to say that “[w]e anticipate construction on the first unit will commence later this year with the grand opening of the first unit within six months from the start of construction.” Almost one year has passed since that document was filed and the inaugural Coconut Grove apparently remains in the development stage.

The joint venture with Tiki Hut was not the only avenue the Company was pursuing in its quest to enter the restaurant and bar business. On February 10, 2003, Premier issued a press release to announce that it had entered into a strategic alliance with Stag Financial Group, Inc. “to conceive new restaurant and bar joint venture projects, engage in two to four registered ‘spin-offs’ a year via stock dividends to Premier’s stockholders, and create new financing opportunities” for the Company. Premier was so confident in the prospects of this relationship that it predicted it would “increase this fiscal year’s Earnings Per Share (EPS) between $0.03 and $0.07”.

The February 10th release did not reveal the terms of the alliance, nor did it remind investors that Stag Financial had a pre-existing, and ongoing relationship with Premier. Stag Financial is controlled by J. Scott Sitra, whose father sits on Premier’s Advisory Board.

Stag Financial describes itself as an “international consulting and finance firm” that helps companies evolve from the development stage into profitable operating businesses, using a variety of devices, including reverse mergers and public shell corporations. It describes its mission as follows:

Stag Financial Group, Inc., was founded upon the belief that the myriad of securities laws and regulations are growing increasingly too complex and burdensome therefore preventing most up-and-coming businesses from gaining access to the world of public investment capital, a necessary step in the growth of the modern day business. Up until now only businesses whose management had ties to high-level investment banking executives were allowed access to public investment capital. Stag Financial levels the playing field by working exclusively with small businesses operating underneath Wall Street`s radar screen to help them gain access to the public equity markets which allows them to secure the expansion and working capital required to grow and prosper in today`s highly competitive business environment.

It is unclear whether Stag Financial intends to help Premier Development “secure the expansion and working capital required to grown and prosper,” but investors certainly can hope that any such assistance will be consistent with those “complex and burdensome” securities laws.

A review of Premier Development’s public filings indicates that Stag Financial has been a significant shareholder since its first public filing in July 2001. An Amended Form SB-2 Registration Statement filed with the SEC in November 2001 indicated that Stag Financial owned approximately 1.16 million shares of the Company’s common stock, or 12.2% of the outstanding shares. The SB-2 Registration Statement included 661,290 of those shares. Even more striking is the fact that, as of March 23, 2003, Stag had emerged as the Company’s single largest shareholder, with 911,290 shares (including 661,290 shares issuable upon the exercise of warrants), or 39% of the outstanding stock.

One year has passed since that announcement and those restaurant projects, spin-offs, and increased EPS have yet to materialize. On July 16, 2003, however the Company did announce plans to acquire a “theme-based casual dining restaurant located in the Caribbean.” In a press release issued on that date, Premier said that it had concluded its initial due diligence on the acquisition and that additional “independent” due diligence would be performed over the next ninety days.

Premier did not identify the name or location of the property, citing confidentiality, or state who would be conducting the “independent” due diligence investigation. It did reveal that the acquisition would be for cash and debt – although no amounts were mentioned – and claimed that the restaurant was “a well established business” which was continuing to grow in terms of annual revenues or net profits. However, no revenue figures were provided.

Seven months later there is no indication that the project has proceeded.

What has delayed the Company’s plan to open its first restaurant? The Company has not said. According to Premier Development, the projected construction cost of each restaurant is $1.5 million – a number that would seem easily attainable assuming Tiki Hut fully funded its $3 million contribution. Did Tiki Hut come up with the promised cash? We were unable to find any publicly filed documents that reflect that contribution or the joint venture’s cash position.

While there is no way to determine whether Tiki Hut deposited its entire cash contribution, the joint venture apparently was funded to some extent – and has accounted for the Company’s only income. Between 2001 and September 30, 2003, Premier received a total of $26,822 in management fees from Coconut Grove Group. Even that, however, is less than the Company might have expected. The joint venture agreement provided for a management fee equal to the greater of (i) two-percent (2%) of Coconut Grove Group`s net profits, or (ii) $5,000 per fiscal quarter. Assuming those payments began with the third quarter of 2001, the Company would have earned a minimum of $40,000 by September 30, 2003.

Interestingly, Premier received no management fee payment for the quarter ended September 30, 2003. Did that mean the project had been abandoned, or that it was out of cash? The Company’s public filings do not provide that information.

With the Coconut Grove concept still on the drawing board, the Company says it is moving ahead on a second front. Premier recently announced that it was entering the real estate business. Will the results of that venture materialize more quickly than those restaurant/bars? We will explore the most recent moves for Premier – and its stock – in Part II of this series.

©2004 Stock Patrol.com. All rights reserved.
23.03.04 08:35:47
Was die vorhgaben, klingt allerdings nicht schlecht...

Premier Development: Message From President

TAMPA, Fla., Mar 10, 2004 /PRNewswire-FirstCall via COMTEX/ -- As we near the conclusion of Premier Development & Investment, Inc.`s (OTC Bulletin Board: PDVN; Frankfurt: YP3) first quarter of fiscal 2004 I would like to update our shareholders on recent developments and business progress while keeping the Company compliant with Regulation FD.

Countrywide Realty Acquisition

One of the most frequent topics of questioning from our shareholders concerns the status of the Countrywide Realty Acquisition. Premier is moving forward with this acquisition, but we are still in the due diligence verification process and cannot close on this acquisition until everything has been verified by independent sources.

Presently our independent auditing firm, Baumann, Raymondo & Company, P.A., is undertaking a complete audit of Countrywide`s financial statements for the fiscal year ended December 31, 2003 -- the same thorough process we are concurrently undertaking on Premier`s financial statements for same fiscal year. We anticipate this auditing process should be completed sometime during the month of March 2004. Once the due diligence process has been completed we will execute a Definitive Purchase Agreement and will disclose additional acquisition details to our shareholders at that time.

Once consummated this acquisition is anticipated to be accretive to Premier`s annual revenue and net earnings.

Acquisition and Growth Strategy

In addition to the Countrywide acquisition, Premier is presently exploring several additional prospective acquisition targets. Management believes that Premier can achieve rapid and controlled growth through a series of strategic acquisitions while minimizing financial risk to just one themed concept.

Premier`s primary acquisition and growth strategy involves identifying new and innovative theme-based restaurant and bar concepts that have one to five units in operation. The theme-based concepts Premier is most interested in are those that, upon a successful acquisition, could be expanded into new regions and areas and, ultimately, grown into a franchised brand.

To this end Premier`s officers and independent representatives will be conducting on-site visits with five prospective acquisition targets we have identified over the next few weeks. Should we decide to move forward with any of these acquisition targets Premier will undertake the same complete due diligence process it is with Countrywide, inclusive of an independent audit of the acquisition target`s financial statements.

All of the acquisition targets Premier are presently evaluating are cash flow positive and some are inclusive of real estate assets. It is important to remind shareholders that Premier intends to structure all future acquisitions in such a manner that they would be non-dilutive to existing shareholders.

AMEX/NASDAQ Small Cap Application

Premier continues to move forward towards its goal of making an application to either the American Stock Exchange (AMEX) or the NASDAQ Small Cap exchange. In the past week Premier achieved the minimum number of round lot shareholders requirement held by both exchanges. Management believes that upon consummation of two or more acquisitions that Premier will meet the remaining requirements held by both exchanges. As such, we believe Premier remains on target for making an application to either exchange during the second half of the current fiscal year.

Annual Report and Annual Shareholders Meeting

As mentioned earlier, Premier is presently undergoing its own independent audit process for its financial statements covering the fiscal year ended December 31, 2003. Premier will release this audit report within its Annual Report to be filed on Form 10-KSB with the Securities and Exchange Commission later this month. Upon releasing the Annual Report Premier will announce the date and time of its Annual Shareholders Meeting where all of Premier`s officers and directors look forward to meeting our new shareholders.

The information contained in this Message From President is intended to be an overview of Premier`s current developments, projections and business plan. However, it is not meant to be an exhaustive description of all such matters. As such, I encourage you to learn more about Premier by contacting Mr. Alfred Delisle directly at (813) 486-4810 or by e-mail at ir@premierdev.com. You may also obtain the latest information on Premier by visiting our Internet website at www.premierdev.com or www.pdvn.com.

Thank you for your continued support,
Eric R. Boyer
President and CEO

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