PDH - Premier Diversified Holdings Inc.

[bookie71]

FYI,

I have had no problem buying it through Schwab.

 

[Parsad]

Mood / tone was positive.  Don't read into my comment too much.  I don't really have anything concrete to point to.  It was just something I found myself thinking about at the meeting.

 

Thanks for the notes. Do you feel that PDH is trying to do too much? We have the clinic, re-insurance, housing dev investment, brewery, stock investment, China/HK sub, etc, that's a lot of stuff -- wondering if it's focused enough

 

Of the businesses you mention, all are decentralized and run independently other than "stock investment", which I handle.

 

Clinic - Geoff Waters & Dr. Simon Sutcliffe

Re-Insurance - Guy Cloutier, Vic Baillergeron & Lola Myshketa

Housing Development - Kingswood Asset Management

Brewery - Ben Yu

China - Yang Gang

 

I need more to do, not less!  Do you know how much fun this is?!  Cheers!

[ERICOPOLY]

We all know Sanjeev is in training to do the jobs of the MRI techs.

[ourkid8]

It looks like Sanjeev found an acquisition target however I am disappointed about the dilution.

 

Premier Diversified Holdings Inc. ("Premier" or the "Company") (CSE: PDH) is pleased to

announce a non-brokered private placement offering (the "Offering") of common shares of the

Company ("Shares") of up to 25,000,000 Shares at $0.16 per Share for aggregate gross proceeds of

up to $4,000,000.

There is no minimum Offering amount required to close, and the Offering may be closed in

tranches. The first closing is expected to occur on or about May 16, 2016. The Shares will be issued

in reliance on exemptions from the prospectus and registration requirements contained in the

securities legislation in the Province of British Columbia and in the jurisdiction of residency of

each investor. The Shares will be subject to a hold period. No finder's fees or commissions will be

paid in connection with the Offering. The Offering is subject to approval by the Canadian

Securities Exchange.

The net proceeds of the Offering will be used to fund potential acquisitions as well as for general

working capital. President and CEO Sanjeev Parsad commented: "We anticipate using the

proceeds from the capital raise for a number of upcoming potential transactions. These include:

 the potential acquisition of an interest in a chain of restaurants/retail operations;

 the acquisition of interests in certain projects, including an interest in a real estate

development company;

 additional future investment in the Company's existing partially-owned subsidiary in the

reinsurance industry;

 the retirement of existing convertible debt maturing in July; and

 for general working capital.

We expect to complete the financing with little cost to shareholders, as no commissions or finder's

fees will be paid.”

[Libs]

It looks like Sanjeev found an acquisition target however I am disappointed about the dilution.

 

Premier Diversified Holdings Inc. ("Premier" or the "Company") (CSE: PDH) is pleased to

announce a non-brokered private placement offering (the "Offering") of common shares of the

Company ("Shares") of up to 25,000,000 Shares at $0.16 per Share for aggregate gross proceeds of

up to $4,000,000.

There is no minimum Offering amount required to close, and the Offering may be closed in

tranches. The first closing is expected to occur on or about May 16, 2016. The Shares will be issued

in reliance on exemptions from the prospectus and registration requirements contained in the

securities legislation in the Province of British Columbia and in the jurisdiction of residency of

each investor. The Shares will be subject to a hold period. No finder's fees or commissions will be

paid in connection with the Offering. The Offering is subject to approval by the Canadian

Securities Exchange.

The net proceeds of the Offering will be used to fund potential acquisitions as well as for general

working capital. President and CEO Sanjeev Parsad commented: "We anticipate using the

proceeds from the capital raise for a number of upcoming potential transactions. These include:

 the potential acquisition of an interest in a chain of restaurants/retail operations;

 the acquisition of interests in certain projects, including an interest in a real estate

development company;

 additional future investment in the Company's existing partially-owned subsidiary in the

reinsurance industry;

 the retirement of existing convertible debt maturing in July; and

 for general working capital.

We expect to complete the financing with little cost to shareholders, as no commissions or finder's

fees will be paid.”

 

.16 is still well above BV, though. Seems ok to me.

[benchmark]

It looks like Sanjeev found an acquisition target however I am disappointed about the dilution.

 

Premier Diversified Holdings Inc. ("Premier" or the "Company") (CSE: PDH) is pleased to

announce a non-brokered private placement offering (the "Offering") of common shares of the

Company ("Shares") of up to 25,000,000 Shares at $0.16 per Share for aggregate gross proceeds of

up to $4,000,000.

There is no minimum Offering amount required to close, and the Offering may be closed in

tranches. The first closing is expected to occur on or about May 16, 2016. The Shares will be issued

in reliance on exemptions from the prospectus and registration requirements contained in the

securities legislation in the Province of British Columbia and in the jurisdiction of residency of

each investor. The Shares will be subject to a hold period. No finder's fees or commissions will be

paid in connection with the Offering. The Offering is subject to approval by the Canadian

Securities Exchange.

The net proceeds of the Offering will be used to fund potential acquisitions as well as for general

working capital. President and CEO Sanjeev Parsad commented: "We anticipate using the

proceeds from the capital raise for a number of upcoming potential transactions. These include:

 the potential acquisition of an interest in a chain of restaurants/retail operations;

 the acquisition of interests in certain projects, including an interest in a real estate

development company;

 additional future investment in the Company's existing partially-owned subsidiary in the

reinsurance industry;

 the retirement of existing convertible debt maturing in July; and

 for general working capital.

We expect to complete the financing with little cost to shareholders, as no commissions or finder's

fees will be paid.”

 

.16 is still well above BV, though. Seems ok to me.

 

That's still a very sizable dialution -- from 100M shares to 125M shares. Is there going to be another one coming up for China offering? If so, and it's the same size, we are looking at around 50% dialution :(

[ourkid8]

I know...  That was my concern I highlighted earlier in the thread, he is taking on too many activities at the same time which will lead to dilution.  The china convertible offering should be accretive since it will convert as significantly higher prices then what the stock is trading at. The million dollar question is, has Sanjeev sold any?

 

It looks like Sanjeev found an acquisition target however I am disappointed about the dilution.

 

Premier Diversified Holdings Inc. ("Premier" or the "Company") (CSE: PDH) is pleased to

announce a non-brokered private placement offering (the "Offering") of common shares of the

Company ("Shares") of up to 25,000,000 Shares at $0.16 per Share for aggregate gross proceeds of

up to $4,000,000.

There is no minimum Offering amount required to close, and the Offering may be closed in

tranches. The first closing is expected to occur on or about May 16, 2016. The Shares will be issued

in reliance on exemptions from the prospectus and registration requirements contained in the

securities legislation in the Province of British Columbia and in the jurisdiction of residency of

each investor. The Shares will be subject to a hold period. No finder's fees or commissions will be

paid in connection with the Offering. The Offering is subject to approval by the Canadian

Securities Exchange.

The net proceeds of the Offering will be used to fund potential acquisitions as well as for general

working capital. President and CEO Sanjeev Parsad commented: "We anticipate using the

proceeds from the capital raise for a number of upcoming potential transactions. These include:

 the potential acquisition of an interest in a chain of restaurants/retail operations;

 the acquisition of interests in certain projects, including an interest in a real estate

development company;

 additional future investment in the Company's existing partially-owned subsidiary in the

reinsurance industry;

 the retirement of existing convertible debt maturing in July; and

 for general working capital.

We expect to complete the financing with little cost to shareholders, as no commissions or finder's

fees will be paid.”

 

.16 is still well above BV, though. Seems ok to me.

 

That's still a very sizable dialution -- from 100M shares to 125M shares. Is there going to be another one coming up for China offering? If so, and it's the same size, we are looking at around 50% dialution :(

[premfan]

It looks like Sanjeev found an acquisition target however I am disappointed about the dilution.

 

Premier Diversified Holdings Inc. ("Premier" or the "Company") (CSE: PDH) is pleased to

announce a non-brokered private placement offering (the "Offering") of common shares of the

Company ("Shares") of up to 25,000,000 Shares at $0.16 per Share for aggregate gross proceeds of

up to $4,000,000.

There is no minimum Offering amount required to close, and the Offering may be closed in

tranches. The first closing is expected to occur on or about May 16, 2016. The Shares will be issued

in reliance on exemptions from the prospectus and registration requirements contained in the

securities legislation in the Province of British Columbia and in the jurisdiction of residency of

each investor. The Shares will be subject to a hold period. No finder's fees or commissions will be

paid in connection with the Offering. The Offering is subject to approval by the Canadian

Securities Exchange.

The net proceeds of the Offering will be used to fund potential acquisitions as well as for general

working capital. President and CEO Sanjeev Parsad commented: "We anticipate using the

proceeds from the capital raise for a number of upcoming potential transactions. These include:

 the potential acquisition of an interest in a chain of restaurants/retail operations;

 the acquisition of interests in certain projects, including an interest in a real estate

development company;

 additional future investment in the Company's existing partially-owned subsidiary in the

reinsurance industry;

 the retirement of existing convertible debt maturing in July; and

 for general working capital.

We expect to complete the financing with little cost to shareholders, as no commissions or finder's

fees will be paid.”

 

.16 is still well above BV, though. Seems ok to me.

 

Agreed.  Singleton's playbook.  You groupies are bidding up a start-up company.

[ourkid8]

It looks like Sanjeev found an acquisition target however I am disappointed about the dilution.

 

Premier Diversified Holdings Inc. ("Premier" or the "Company") (CSE: PDH) is pleased to

announce a non-brokered private placement offering (the "Offering") of common shares of the

Company ("Shares") of up to 25,000,000 Shares at $0.16 per Share for aggregate gross proceeds of

up to $4,000,000.

There is no minimum Offering amount required to close, and the Offering may be closed in

tranches. The first closing is expected to occur on or about May 16, 2016. The Shares will be issued

in reliance on exemptions from the prospectus and registration requirements contained in the

securities legislation in the Province of British Columbia and in the jurisdiction of residency of

each investor. The Shares will be subject to a hold period. No finder's fees or commissions will be

paid in connection with the Offering. The Offering is subject to approval by the Canadian

Securities Exchange.

The net proceeds of the Offering will be used to fund potential acquisitions as well as for general

working capital. President and CEO Sanjeev Parsad commented: "We anticipate using the

proceeds from the capital raise for a number of upcoming potential transactions. These include:

 the potential acquisition of an interest in a chain of restaurants/retail operations;

 the acquisition of interests in certain projects, including an interest in a real estate

development company;

 additional future investment in the Company's existing partially-owned subsidiary in the

reinsurance industry;

 the retirement of existing convertible debt maturing in July; and

 for general working capital.

We expect to complete the financing with little cost to shareholders, as no commissions or finder's

fees will be paid.”

 

.16 is still well above BV, though. Seems ok to me.

 

Agreed.  Singleton's playbook.  You groupies are bidding up a start-up company.

 

I did not think Sanjeev would dillute his original investors who helped capitalize the company in the initial private placement. :-( 

 

 

[premfan]

It looks like Sanjeev found an acquisition target however I am disappointed about the dilution.

 

Premier Diversified Holdings Inc. ("Premier" or the "Company") (CSE: PDH) is pleased to

announce a non-brokered private placement offering (the "Offering") of common shares of the

Company ("Shares") of up to 25,000,000 Shares at $0.16 per Share for aggregate gross proceeds of

up to $4,000,000.

There is no minimum Offering amount required to close, and the Offering may be closed in

tranches. The first closing is expected to occur on or about May 16, 2016. The Shares will be issued

in reliance on exemptions from the prospectus and registration requirements contained in the

securities legislation in the Province of British Columbia and in the jurisdiction of residency of

each investor. The Shares will be subject to a hold period. No finder's fees or commissions will be

paid in connection with the Offering. The Offering is subject to approval by the Canadian

Securities Exchange.

The net proceeds of the Offering will be used to fund potential acquisitions as well as for general

working capital. President and CEO Sanjeev Parsad commented: "We anticipate using the

proceeds from the capital raise for a number of upcoming potential transactions. These include:

 the potential acquisition of an interest in a chain of restaurants/retail operations;

 the acquisition of interests in certain projects, including an interest in a real estate

development company;

 additional future investment in the Company's existing partially-owned subsidiary in the

reinsurance industry;

 the retirement of existing convertible debt maturing in July; and

 for general working capital.

We expect to complete the financing with little cost to shareholders, as no commissions or finder's

fees will be paid.”

 

.16 is still well above BV, though. Seems ok to me.

 

Agreed.  Singleton's playbook.  You groupies are bidding up a start-up company.

 

I did not think Sanjeev would dillute his original investors who helped capitalize the company in the initial private placement. :-(

 

Welcome to the world of angel investing  :)

[goldfinger]

It looks like Sanjeev found an acquisition target however I am disappointed about the dilution.

 

Premier Diversified Holdings Inc. ("Premier" or the "Company") (CSE: PDH) is pleased to

announce a non-brokered private placement offering (the "Offering") of common shares of the

Company ("Shares") of up to 25,000,000 Shares at $0.16 per Share for aggregate gross proceeds of

up to $4,000,000.

There is no minimum Offering amount required to close, and the Offering may be closed in

tranches. The first closing is expected to occur on or about May 16, 2016. The Shares will be issued

in reliance on exemptions from the prospectus and registration requirements contained in the

securities legislation in the Province of British Columbia and in the jurisdiction of residency of

each investor. The Shares will be subject to a hold period. No finder's fees or commissions will be

paid in connection with the Offering. The Offering is subject to approval by the Canadian

Securities Exchange.

The net proceeds of the Offering will be used to fund potential acquisitions as well as for general

working capital. President and CEO Sanjeev Parsad commented: "We anticipate using the

proceeds from the capital raise for a number of upcoming potential transactions. These include:

 the potential acquisition of an interest in a chain of restaurants/retail operations;

 the acquisition of interests in certain projects, including an interest in a real estate

development company;

 additional future investment in the Company's existing partially-owned subsidiary in the

reinsurance industry;

 the retirement of existing convertible debt maturing in July; and

 for general working capital.

We expect to complete the financing with little cost to shareholders, as no commissions or finder's

fees will be paid.”

 

.16 is still well above BV, though. Seems ok to me.

 

Agreed.  Singleton's playbook.  You groupies are bidding up a start-up company.

 

I did not think Sanjeev would dillute his original investors who helped capitalize the company in the initial private placement. :-(

 

Welcome to the world of angel investing  :)

 

Interesting way to look at it. Early investors at LUK seemed to do ok over time...

[goldfinger]

It looks like Sanjeev found an acquisition target however I am disappointed about the dilution.

 

Premier Diversified Holdings Inc. ("Premier" or the "Company") (CSE: PDH) is pleased to

announce a non-brokered private placement offering (the "Offering") of common shares of the

Company ("Shares") of up to 25,000,000 Shares at $0.16 per Share for aggregate gross proceeds of

up to $4,000,000.

There is no minimum Offering amount required to close, and the Offering may be closed in

tranches. The first closing is expected to occur on or about May 16, 2016. The Shares will be issued

in reliance on exemptions from the prospectus and registration requirements contained in the

securities legislation in the Province of British Columbia and in the jurisdiction of residency of

each investor. The Shares will be subject to a hold period. No finder's fees or commissions will be

paid in connection with the Offering. The Offering is subject to approval by the Canadian

Securities Exchange.

The net proceeds of the Offering will be used to fund potential acquisitions as well as for general

working capital. President and CEO Sanjeev Parsad commented: "We anticipate using the

proceeds from the capital raise for a number of upcoming potential transactions. These include:

 the potential acquisition of an interest in a chain of restaurants/retail operations;

 the acquisition of interests in certain projects, including an interest in a real estate

development company;

 additional future investment in the Company's existing partially-owned subsidiary in the

reinsurance industry;

 the retirement of existing convertible debt maturing in July; and

 for general working capital.

We expect to complete the financing with little cost to shareholders, as no commissions or finder's

fees will be paid.”

 

.16 is still well above BV, though. Seems ok to me.

 

Agreed.  Singleton's playbook.  You groupies are bidding up a start-up company.

 

I did not think Sanjeev would dillute his original investors who helped capitalize the company in the initial private placement. :-(

 

Welcome to the world of angel investing  :)

 

Interesting way to look at it. Early investors at LUK seemed to do ok over time...

 

Following other comments from Parsad before, it seems he is using market price for the stock. If we get much more value than we pay for are we really that diluted?

[premfan]

It looks like Sanjeev found an acquisition target however I am disappointed about the dilution.

 

Premier Diversified Holdings Inc. ("Premier" or the "Company") (CSE: PDH) is pleased to

announce a non-brokered private placement offering (the "Offering") of common shares of the

Company ("Shares") of up to 25,000,000 Shares at $0.16 per Share for aggregate gross proceeds of

up to $4,000,000.

There is no minimum Offering amount required to close, and the Offering may be closed in

tranches. The first closing is expected to occur on or about May 16, 2016. The Shares will be issued

in reliance on exemptions from the prospectus and registration requirements contained in the

securities legislation in the Province of British Columbia and in the jurisdiction of residency of

each investor. The Shares will be subject to a hold period. No finder's fees or commissions will be

paid in connection with the Offering. The Offering is subject to approval by the Canadian

Securities Exchange.

The net proceeds of the Offering will be used to fund potential acquisitions as well as for general

working capital. President and CEO Sanjeev Parsad commented: "We anticipate using the

proceeds from the capital raise for a number of upcoming potential transactions. These include:

 the potential acquisition of an interest in a chain of restaurants/retail operations;

 the acquisition of interests in certain projects, including an interest in a real estate

development company;

 additional future investment in the Company's existing partially-owned subsidiary in the

reinsurance industry;

 the retirement of existing convertible debt maturing in July; and

 for general working capital.

We expect to complete the financing with little cost to shareholders, as no commissions or finder's

fees will be paid.”

 

.16 is still well above BV, though. Seems ok to me.

 

Agreed.  Singleton's playbook.  You groupies are bidding up a start-up company.

 

I did not think Sanjeev would dillute his original investors who helped capitalize the company in the initial private placement. :-(

 

Welcome to the world of angel investing  :)

 

Interesting way to look at it. Early investors at LUK seemed to do ok over time...

 

You're right.  That said, fact check me but I believe LUK didn't trade for BV until 7 or 8 years into operations.

[premfan]

Fact checked myself 1978-1991 luk traded under BV.  Current moment its the singleton playbook.

[ourkid8]

It looks like Sanjeev found an acquisition target however I am disappointed about the dilution.

 

Premier Diversified Holdings Inc. ("Premier" or the "Company") (CSE: PDH) is pleased to

announce a non-brokered private placement offering (the "Offering") of common shares of the

Company ("Shares") of up to 25,000,000 Shares at $0.16 per Share for aggregate gross proceeds of

up to $4,000,000.

There is no minimum Offering amount required to close, and the Offering may be closed in

tranches. The first closing is expected to occur on or about May 16, 2016. The Shares will be issued

in reliance on exemptions from the prospectus and registration requirements contained in the

securities legislation in the Province of British Columbia and in the jurisdiction of residency of

each investor. The Shares will be subject to a hold period. No finder's fees or commissions will be

paid in connection with the Offering. The Offering is subject to approval by the Canadian

Securities Exchange.

The net proceeds of the Offering will be used to fund potential acquisitions as well as for general

working capital. President and CEO Sanjeev Parsad commented: "We anticipate using the

proceeds from the capital raise for a number of upcoming potential transactions. These include:

 the potential acquisition of an interest in a chain of restaurants/retail operations;

 the acquisition of interests in certain projects, including an interest in a real estate

development company;

 additional future investment in the Company's existing partially-owned subsidiary in the

reinsurance industry;

 the retirement of existing convertible debt maturing in July; and

 for general working capital.

We expect to complete the financing with little cost to shareholders, as no commissions or finder's

fees will be paid.”

 

.16 is still well above BV, though. Seems ok to me.

 

Agreed.  Singleton's playbook.  You groupies are bidding up a start-up company.

 

I did not think Sanjeev would dillute his original investors who helped capitalize the company in the initial private placement. :-(

 

Welcome to the world of angel investing  :)

 

Interesting way to look at it. Early investors at LUK seemed to do ok over time...

 

Following other comments from Parsad before, it seems he is using market price for the stock. If we get much more value than we pay for are we really that diluted?

 

The question is, are we getting much more?

[goldfinger]

It looks like Sanjeev found an acquisition target however I am disappointed about the dilution.

 

Premier Diversified Holdings Inc. ("Premier" or the "Company") (CSE: PDH) is pleased to

announce a non-brokered private placement offering (the "Offering") of common shares of the

Company ("Shares") of up to 25,000,000 Shares at $0.16 per Share for aggregate gross proceeds of

up to $4,000,000.

There is no minimum Offering amount required to close, and the Offering may be closed in

tranches. The first closing is expected to occur on or about May 16, 2016. The Shares will be issued

in reliance on exemptions from the prospectus and registration requirements contained in the

securities legislation in the Province of British Columbia and in the jurisdiction of residency of

each investor. The Shares will be subject to a hold period. No finder's fees or commissions will be

paid in connection with the Offering. The Offering is subject to approval by the Canadian

Securities Exchange.

The net proceeds of the Offering will be used to fund potential acquisitions as well as for general

working capital. President and CEO Sanjeev Parsad commented: "We anticipate using the

proceeds from the capital raise for a number of upcoming potential transactions. These include:

 the potential acquisition of an interest in a chain of restaurants/retail operations;

 the acquisition of interests in certain projects, including an interest in a real estate

development company;

 additional future investment in the Company's existing partially-owned subsidiary in the

reinsurance industry;

 the retirement of existing convertible debt maturing in July; and

 for general working capital.

We expect to complete the financing with little cost to shareholders, as no commissions or finder's

fees will be paid.”

 

.16 is still well above BV, though. Seems ok to me.

 

Agreed.  Singleton's playbook.  You groupies are bidding up a start-up company.

 

I did not think Sanjeev would dillute his original investors who helped capitalize the company in the initial private placement. :-(

 

Welcome to the world of angel investing  :)

 

Interesting way to look at it. Early investors at LUK seemed to do ok over time...

 

Following other comments from Parsad before, it seems he is using market price for the stock. If we get much more value than we pay for are we really that diluted?

 

The question is, are we getting much more?

 

If not, why are we invested in Sanjeev's success?

[CONeal]

I think a couple of y'all are blowing this way out of proportion.  They do not have enough cash to make a big acquisition without draining the buffer.  As stated before until they get to 1-1.5 million in free cash-flow or SR doesn't need any more investment then they are going to run negative.  I highly doubt that the CEO is trying to add a restaurant chain just so he can have a place to eat for free. 

 

If you invested due to the CEO's skill then give him room to work instead of bitching about every move that is made. 

[Partner24]

Remember: price is what you pay, value is what you get.

 

It apply too to share issuance (and what they do with the proceeds) or stock buybacks.

 

Too early to know if what he plan make sense financialy. In this early PDH existence, you have to trust the jewelrer. This is what I do.

 

Cheers!

[Parsad]

I know...  That was my concern I highlighted earlier in the thread, he is taking on too many activities at the same time which will lead to dilution.  The china convertible offering should be accretive since it will convert as significantly higher prices then what the stock is trading at. The million dollar question is, has Sanjeev sold any?

 

It looks like Sanjeev found an acquisition target however I am disappointed about the dilution.

 

Premier Diversified Holdings Inc. ("Premier" or the "Company") (CSE: PDH) is pleased to

announce a non-brokered private placement offering (the "Offering") of common shares of the

Company ("Shares") of up to 25,000,000 Shares at $0.16 per Share for aggregate gross proceeds of

up to $4,000,000.

There is no minimum Offering amount required to close, and the Offering may be closed in

tranches. The first closing is expected to occur on or about May 16, 2016. The Shares will be issued

in reliance on exemptions from the prospectus and registration requirements contained in the

securities legislation in the Province of British Columbia and in the jurisdiction of residency of

each investor. The Shares will be subject to a hold period. No finder's fees or commissions will be

paid in connection with the Offering. The Offering is subject to approval by the Canadian

Securities Exchange.

The net proceeds of the Offering will be used to fund potential acquisitions as well as for general

working capital. President and CEO Sanjeev Parsad commented: "We anticipate using the

proceeds from the capital raise for a number of upcoming potential transactions. These include:

 the potential acquisition of an interest in a chain of restaurants/retail operations;

 the acquisition of interests in certain projects, including an interest in a real estate

development company;

 additional future investment in the Company's existing partially-owned subsidiary in the

reinsurance industry;

 the retirement of existing convertible debt maturing in July; and

 for general working capital.

We expect to complete the financing with little cost to shareholders, as no commissions or finder's

fees will be paid.”

 

.16 is still well above BV, though. Seems ok to me.

 

That's still a very sizable dialution -- from 100M shares to 125M shares. Is there going to be another one coming up for China offering? If so, and it's the same size, we are looking at around 50% dialution :(

 

The day I sell any shares, you should liquidate. 

 

Have not and will not sell a single share.  I have to file any purchases or sales within 2 business days...watch my filings.  Cheers!

[Parsad]

It looks like Sanjeev found an acquisition target however I am disappointed about the dilution.

 

Premier Diversified Holdings Inc. ("Premier" or the "Company") (CSE: PDH) is pleased to

announce a non-brokered private placement offering (the "Offering") of common shares of the

Company ("Shares") of up to 25,000,000 Shares at $0.16 per Share for aggregate gross proceeds of

up to $4,000,000.

There is no minimum Offering amount required to close, and the Offering may be closed in

tranches. The first closing is expected to occur on or about May 16, 2016. The Shares will be issued

in reliance on exemptions from the prospectus and registration requirements contained in the

securities legislation in the Province of British Columbia and in the jurisdiction of residency of

each investor. The Shares will be subject to a hold period. No finder's fees or commissions will be

paid in connection with the Offering. The Offering is subject to approval by the Canadian

Securities Exchange.

The net proceeds of the Offering will be used to fund potential acquisitions as well as for general

working capital. President and CEO Sanjeev Parsad commented: "We anticipate using the

proceeds from the capital raise for a number of upcoming potential transactions. These include:

 the potential acquisition of an interest in a chain of restaurants/retail operations;

 the acquisition of interests in certain projects, including an interest in a real estate

development company;

 additional future investment in the Company's existing partially-owned subsidiary in the

reinsurance industry;

 the retirement of existing convertible debt maturing in July; and

 for general working capital.

We expect to complete the financing with little cost to shareholders, as no commissions or finder's

fees will be paid.”

 

.16 is still well above BV, though. Seems ok to me.

 

Agreed.  Singleton's playbook.  You groupies are bidding up a start-up company.

 

I did not think Sanjeev would dillute his original investors who helped capitalize the company in the initial private placement. :-(

 

The private placement is only going out to the investors who capitalized the company in September/October 2014. 

 

If it is really undersubscribed by you guys, then it will go to other investors after the closing of the second tranche.  We will be participating and I expect many of you guys to participate! 

 

Look for the form letter and documents to be emailed to you by Marta (our legal counsel) or Christina (her paralegal) this week.  Cheers!

[Hawks]

Parsad

I'm on holidays in Australia/NZ til May 26. How long do we have to subscribe to the private placement?

 

[Ballinvarosig Investors]

Parsad, I know it's been brought up a few times now, but have you got any thoughts on a Toronto Stock Exchange listing, and a reverse split?

• As to my first point, I'd like to buy a position, but am basically locked out because my broker only allows me to trade TSX shares.
  
• On my second point, even if you were to list on the TSX, then I am screwed again because my broker charges 2c a share on any transaction.
  

I am fully aware that either measure will do nothing to increase intrinsic value. However, as PDH is soon to become a company with a $25M valuation, I think we're pretty close to the stage where the the $50k cost of taking the above steps is outweighed by the shareholder benefits of being able to hold PDH inside a retirement account, trade with less spreads, trade without excessive dealer costs, etc. It also puts shareholders on a level playing field - not all of us are able to dangle prevailing limit orders for $7.95 indefinitely in order to capture the spreads.

[bookie71]

Parsad, I know it's been brought up a few times now, but have you got any thoughts on a Toronto Stock Exchange listing, and a reverse split?

As to my first point, I'd like to buy a position, but am basically locked out because my broker only allows me to trade TSX shares.

On my second point, even if you were to list on the TSX, then I am screwed again because my broker charges 2c a share on any transaction.

I am fully aware that either measure will do nothing to increase intrinsic value. However, as PDH is soon to become a company with a $25M valuation, I think we're pretty close to the stage where the the $50k cost of taking the above steps is outweighed by the shareholder benefits of being able to hold PDH inside a retirement account, trade with less spreads, trade without excessive dealer costs, etc. It also puts shareholders on a level playing field - not all of us are able to dangle prevailing limit orders for $7.95 indefinitely in order to capture the spreads.

 

I am able to do this in the US with Schwab.  ( I have in my profit sharing account)

[gjangal]

I can also verify that in Schwab you can trade prdgf. I ve been able to buy 20k blocks multiple times

[Jurgis]

You can buy it on Fido too. But that might not help Canadian people who may have restrictions on their broker selection (especially if they work in financial industry) or want to buy it in their retirement plans.