TheWhigs
4 hours ago
I'm sure, like many CEO's in pennyland (and other publicly traded companies), their share structure, share count, etc. allows them to profit even if the stock goes nowhere and/or down. I haven't looked into BELR however PSRU's share structure has allowed Mr. Xavier to receive tens of millions of shares over the years. Also, I wouldn't be surprised if he somehow profited from selling various so-called "assets". He's not going to work for free for "x" amount of years to wait for all of this to pan out. IMO he's been compensated at some level and is way ahead in the game. I've been following PSRU for about 5 years now. He's probably done well for himself, even with the stock down 99%.
If BELR/PSRU, etc. pan out more...that will be more profits/income for him.
Cheers.
willpellel
14 hours ago
I would think the proper sequence here should have been secure a geological company to assess the property (2 months ago).
Then, let the report be issued.
Then, follow a recommendation from industry specialists on divestiture, if indeed this is the correct path.
More fluff, only suggesting the divestiture at such an early stage is truly stupid.
Announce the value of the mines before divesting so PSRU shareholders know what they have.
Xavier truly is a Clown...............errrrrr WANNABE. (oops)
As such, we have been stuck at .0001 because of incompetence.
Man, i feel we need a mashup. What happened to her anyway.
BeachBum
1 day ago
What it is:
A spin-off is a type of corporate divestiture where a parent company creates a new, standalone company from one of its existing subsidiaries or divisions.
How it works:
The parent company transfers the assets, liabilities, employees, and operations of the business unit to the new company.
The parent company then distributes shares of the new company to its own shareholders, usually on a pro-rata basis (meaning each shareholder receives shares in proportion to their ownership in the parent company).
The new company becomes an independent entity with its own management, board of directors, and operations.
AJH92
3 days ago
We should see how much streaming of movies and games to up to 1.4 Billion users in Africa is bringing in in 2025 Q1 and Q2 - was due to start in Q1.
There is also the growing business of Providence Film Group, VE Gaming, VE Publishing and Franchise X Entertainment - with Fungy NFT, Super Cinema Chain and the several lithium/cobalt/gold mines adding more in the months and years ahead.
2024 Q3 Filed November 12, 2024 - Key Points
Total Assets Values - September 30, 2024 vs December 31, 2023
$19,968,195 vs $17,075,362 - up $2,892,833 - up 16.94%
Increases:
Providence Films: $2,610,000 - up 22%
Franchise X Entertainment: $365,000 - up 18.25%
VE Gaming: $417,833 - up 122.67%
Total Liabilities - September 30, 2024 vs December 31, 2023
$1,336,324 vs $1,591,532 - down $255,208 - down 16%
Total Expenses - September 30, 2024 vs September 30, 2023
$513,091 vs $1,767,925 - down $1,254,834 - down 71%
Net Operating Gain (Loss) - September 30, 2024 vs September 30, 2023
Profit $136,144 vs Loss $1,046,344 - up $1,182,488