PDH - Premier Diversified Holdings Inc.

[OracleofCarolina]

will Sequant Re ever make any money??

[Jurgis]

Sequant Re is an option.

[goldfinger]

Sequant Re is an option.

PDH invested much more money in Sequant Re after the initial offering so that I tend to hope that this is more than an option now...  :-[

[benchmark]

Sequant Re is an option.

PDH invested much more money in Sequant Re after the initial offering so that I tend to hope that this is more than an option now...  :-[

 

This is my biggest concern on PDH's operation so far -- i'm worried that this becomes 'sunk cost' that keeps sucking money out of PDH

[bizaro86]

Congrats to Alnesh on another board seat.

 

http://www.investorx.ca/Doc/U3TPHKKT1DB/2017/05/26/lottogopher-holdings-inc/material-change-report-english

 

Any ideas whether this will end up a PDH or Corner Market holding? Filings indicate its just 20% of his time as CFO/director, so maybe its not PDH related at all.

[CONeal]

 

Any ideas whether this will end up a PDH or Corner Market holding? Filings indicate its just 20% of his time as CFO/director, so maybe its not PDH related at all.

 

Hope it doesn't turn into a PDH holding.  While on the surface it looks like a clever idea, the chance of being run out of business via the lottery commission (in a particular state) is very high.  Several states already allow you to purchase lottery tickets online directly from the lottery state. 

 

Unless maybe the angle is to sell the software to the lottery state that allows all the numbers and payouts to work seemlessly. doing that would probably cut down on the development time/expense for a system to be built from the ground up.

[wescobrk]

it has 64 million shares o/s along with another 8 million warrants and 4 million options.

So, unless I'm missing something, the market cap is about 40 million and it has less then 4 million in shareholder equity and pretty much zero revenue (galaxy has almost zero revenue as well)

[Parsad]

 

Any ideas whether this will end up a PDH or Corner Market holding? Filings indicate its just 20% of his time as CFO/director, so maybe its not PDH related at all.

 

Hope it doesn't turn into a PDH holding.  While on the surface it looks like a clever idea, the chance of being run out of business via the lottery commission (in a particular state) is very high.  Several states already allow you to purchase lottery tickets online directly from the lottery state. 

 

Unless maybe the angle is to sell the software to the lottery state that allows all the numbers and payouts to work seemlessly. doing that would probably cut down on the development time/expense for a system to be built from the ground up.

 

LOL!  Don't worry, it has nothing to do with PDH, nor are we looking at investing or acquiring it.  It is one of Alnesh's clients through his firm Quantum Advisory Partners LLP. 

 

The lottery business in my opinion, not unlike Buffett's past comments, is one of the biggest scams the government pulls on its own citizens.  Cheers!

[goldfinger]

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 2,842,105 Shares at $0.095 per Share for aggregate gross proceeds of

up to $270,000.

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 June 20, 2017. 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 the acquisition of an interest in Sequant

Reinsurance Holdings Ltd., a Bermuda-based reinsurance company, and for general working

capital.

 

A little more dilution at 0.095/share. Almost half the initial offering price. And this is for more Sequant Re. I really wish Sanjeev has protected the downside here...

[Sunrider]

Yeah Sanj, come on man. It really sucks seeing dilution at half the price many of us bought in - can't you go and find some other people to buy it at similarly high prices or get the sequent re guys to put their own money right behind their sexy pitch that hasn't worked out so far?

 

 

 

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 2,842,105 Shares at $0.095 per Share for aggregate gross proceeds of

up to $270,000.

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 June 20, 2017. 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 the acquisition of an interest in Sequant

Reinsurance Holdings Ltd., a Bermuda-based reinsurance company, and for general working

capital.

 

A little more dilution at 0.095/share. Almost half the initial offering price. And this is for more Sequant Re. I really wish Sanjeev has protected the downside here...

[benchmark]

Yeah Sanj, come on man. It really sucks seeing dilution at half the price many of us bought in - can't you go and find some other people to buy it at similarly high prices or get the sequent re guys to put their own money right behind their sexy pitch that hasn't worked out so far?

 

 

 

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 2,842,105 Shares at $0.095 per Share for aggregate gross proceeds of

up to $270,000.

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 June 20, 2017. 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 the acquisition of an interest in Sequant

Reinsurance Holdings Ltd., a Bermuda-based reinsurance company, and for general working

capital.

 

A little more dilution at 0.095/share. Almost half the initial offering price. And this is for more Sequant Re. I really wish Sanjeev has protected the downside here...

+1 -- I am really worried that this has become a 'sunken cost' for us, and we'll keep on diluting and never see a dime returned from the Sequant guys ....

[Spekulatius]

I am not expert here, but in my opinion, these small public investment holding companies like PDH and SYTE just have way to high fixed cost relative be to their assets to be viable. In additional, the C-corporations structure is not that tax efficient either, at least at that stage.

 

I don't think that there is a margin of safety in those stocks, they are more like moonshots and should be treated as such.

[benchmark]

Yeah Sanj, come on man. It really sucks seeing dilution at half the price many of us bought in - can't you go and find some other people to buy it at similarly high prices or get the sequent re guys to put their own money right behind their sexy pitch that hasn't worked out so far?

 

 

 

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 2,842,105 Shares at $0.095 per Share for aggregate gross proceeds of

up to $270,000.

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 June 20, 2017. 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 the acquisition of an interest in Sequant

Reinsurance Holdings Ltd., a Bermuda-based reinsurance company, and for general working

capital.

 

A little more dilution at 0.095/share. Almost half the initial offering price. And this is for more Sequant Re. I really wish Sanjeev has protected the downside here...

 

People must be unhappy about this -- the price today was lower than that of the private placement :(

[Foreign Tuffett]

I am not expert here, but in my opinion, these small public investment holding companies like PDH and SYTE just have way to high fixed cost relative be to their assets to be viable. In additional, the C-corporations structure is not that tax efficient either, at least at that stage.

 

I don't think that there is a margin of safety in those stocks, they are more like moonshots and should be treated as such.

 

+1

[Partner24]

In the corporate world, free cash flow is key to independance. PDH is more like a startup and live more on less on faith. More faith, dilution for a better price. Less faith, dilution for a lower price. Yes, we need to water the project...as long as it is very rational to believe that it will feed us with it's fruits before it's too late.

 

You have to trust the jockey here.

 

 

[Crip1]

In the corporate world, free cash flow is key to independence. PDH is more like a startup and live more on less on faith. More faith, dilution for a better price. Less faith, dilution for a lower price. Yes, we need to water the project...as long as it is very rational to believe that it will feed us with it's fruits before it's too late.

 

You have to trust the jockey here.

 

 

Agreed in full, I see this as a Jockey stock.

 

 

-Crip

[Partner24]

And the more solid the balance sheet will be, the less a jockey stock it will looks like. Same thing with free cash flow.

 

Cheers!

 

 

[Ballinvarosig Investors]

I am not expert here, but in my opinion, these small public investment holding companies like PDH and SYTE just have way to high fixed cost relative be to their assets to be viable. In additional, the C-corporations structure is not that tax efficient either, at least at that stage.

 

I don't think that there is a margin of safety in those stocks, they are more like moonshots and should be treated as such.

Agree totally.

 

In the past, I used to really relish going through the list of stocks that have a market cap of under $10m and buying up a lot of "value". Nowadays, I am far more circumspect for the reason you give. The smallest market cap stock I now own is £15m and I only own it because it's got a long term record of producing free cash flow.

[CONeal]

Not sure if the math is correct.  Think we now own 46.21% of SequantRe. 

 

As a term that 76er fans are accustomed too.  "Trust the process"

[benchmark]

Not sure if the math is correct.  Think we now own 46.21% of SequantRe. 

 

As a term that 76er fans are accustomed too.  "Trust the process"

From the press release:

"Following this acquisition, Premier holds a total of 6,126,000 common shares of SRHL,

approximately 46.60% of the issued and outstanding shares of SRHL (45.13% fully diluted), all of

which are held indirectly through Premier Bermuda."

[goldfinger]

Dennis Tusar seems to be selling lots of stocks lately:

https://www.momentousnews.com/2017/07/05/premier-diversifie-tsepdh-insider-sells-c11000-00-in-stock/

 

[Parsad]

Dennis Tusar seems to be selling lots of stocks lately:

https://www.momentousnews.com/2017/07/05/premier-diversifie-tsepdh-insider-sells-c11000-00-in-stock/

 

FYI...Denis is the former CEO from over 2 years ago.  Cheers!

[goldfinger]

Dennis Tusar seems to be selling lots of stocks lately:

https://www.momentousnews.com/2017/07/05/premier-diversifie-tsepdh-insider-sells-c11000-00-in-stock/

 

FYI...Denis is the former CEO from over 2 years ago.  Cheers!

 

Thanks Sanjeev, I know... I am kind of amazed by the volatility in this stock that's supposed to be held by more patient investors. Probably previous personnel that caused most of the downside on low volumes over the last year... Denis seems to have gone out massively today though...

[Parsad]

Dennis Tusar seems to be selling lots of stocks lately:

https://www.momentousnews.com/2017/07/05/premier-diversifie-tsepdh-insider-sells-c11000-00-in-stock/

 

FYI...Denis is the former CEO from over 2 years ago.  Cheers!

 

Thanks Sanjeev, I know... I am kind of amazed by the volatility in this stock that's supposed to be held by more patient investors. Probably previous personnel that caused most of the downside on low volumes over the last year... Denis seems to have gone out massively today though...

 

Between Denis and our China GM, both really former employees of the company...they have/had about 11,000,000 shares...so much of the selling pressure is coming from those employees.  Our former attorney, RNLLP, was responsible for much of the selling as well the last year.  All selling for personal reasons, mostly related to their departure. 

 

Shareholders should worry when Alnesh or I sell shares...or our director Andrew Cooke.  We have not and will not.  Cheers!

[TwoCitiesCapital]

Dennis Tusar seems to be selling lots of stocks lately:

https://www.momentousnews.com/2017/07/05/premier-diversifie-tsepdh-insider-sells-c11000-00-in-stock/

 

FYI...Denis is the former CEO from over 2 years ago.  Cheers!

 

Thanks Sanjeev, I know... I am kind of amazed by the volatility in this stock that's supposed to be held by more patient investors. Probably previous personnel that caused most of the downside on low volumes over the last year... Denis seems to have gone out massively today though...

 

Prices are set by the marginal buyer/seller. If everyone is a long-term holder with few willing buyers/sellers, you'd expect volatility to above-average between each trade. This may lower volatility over time if shares go days without trading, but as long as there are few trading participants, you'll see a wider bid/ask, more volatility between trades, and an elevated overall vol if it trades daily.