Gamecock-YT Posted April 3, 2019 Share Posted April 3, 2019 Just a heads up to everyone the annual letter has been released. Attachedpdh_2019.pdf Link to comment Share on other sites More sharing options...
Junto Posted April 3, 2019 Share Posted April 3, 2019 Ok, tks...we are patiently waiting. Sanjeev, would you please elaborate on the rolling stock option plan you are looking to implement? This allows the ability to grant stock options for an amount equal to 10% of the company's issued and outstanding shares every year. That looks to be seriously excessive but would you please shed additional light? "The TSXV requires annual shareholder approval for all rolling stock option plans implemented by issuers with shares listed on the TSXV. The Plan is a rolling stock option plan which sets the number of Stock Options available for grant by the Company at an amount equal to 10% of the Company’s issued and outstanding Common Shares from time to time. Under TSXV policies, the Stock Option Plan must be approved and ratified by the Shareholders on an annual basis. " Hi Sanjeev, when is the annual report being released? Annual report is already out on SEDAR. Letter will come out shortly...there are some things happening around ZED that we want to include in the letter. Cheers! We have that in there to have flexibility in our compensation options. We probably won't use it, as I don't believe options at the parent level are the best way to target or reward employees whose work is focused on subsidiaries. The options that we had in the past were issued under previous management...I'm not a big fan of options. That being said, as a very small company, sometimes you don't have a lot you can offer as compensation when base salaries are lower than the competition and you don't want to give up equity. Cash bonuses are an option, but if cash is tight in a subsidiary as it grows, the cash has to come from somewhere. I would recommend that every armchair quarterback out there, go and run a business for 3-5 years...you would learn an immense amount that buying and selling securities cannot teach you. You would be humbled, astounded and at times shake your head at what you see and learn. But it is a very interesting challenge with so many more variables than analyzing securities encounters! Imagine playing poker, but 20 hands at a time! Cheers! Parsad - you are in a unique (& unfortunate position) of having to defend & explain PDH on a public forum.. No CEO or manager is out there explaining their decisions to a bunch of groupies on a web forum . You should not be expected to participate in this thread to explain or defend your decisions. Don't you think it unduly influences how you make decisions regarding the company if you're always under the microscope? It's comical that you are insinuating that private companies don't get questioned or challenged regularly. All investors challenge management on their decisions, unless they are one in the same. Often times they are equally tough on themselves. Parsad is equally remiss to assume board posters aren't also running sizable companies or in management elsewhere. Some may be learning but many others are well established at this point. It is hard and I think this project has been a terribly tough ongoing lesson. Link to comment Share on other sites More sharing options...
Parsad Posted April 3, 2019 Share Posted April 3, 2019 Ok, tks...we are patiently waiting. Sanjeev, would you please elaborate on the rolling stock option plan you are looking to implement? This allows the ability to grant stock options for an amount equal to 10% of the company's issued and outstanding shares every year. That looks to be seriously excessive but would you please shed additional light? "The TSXV requires annual shareholder approval for all rolling stock option plans implemented by issuers with shares listed on the TSXV. The Plan is a rolling stock option plan which sets the number of Stock Options available for grant by the Company at an amount equal to 10% of the Company’s issued and outstanding Common Shares from time to time. Under TSXV policies, the Stock Option Plan must be approved and ratified by the Shareholders on an annual basis. " Hi Sanjeev, when is the annual report being released? Annual report is already out on SEDAR. Letter will come out shortly...there are some things happening around ZED that we want to include in the letter. Cheers! We have that in there to have flexibility in our compensation options. We probably won't use it, as I don't believe options at the parent level are the best way to target or reward employees whose work is focused on subsidiaries. The options that we had in the past were issued under previous management...I'm not a big fan of options. That being said, as a very small company, sometimes you don't have a lot you can offer as compensation when base salaries are lower than the competition and you don't want to give up equity. Cash bonuses are an option, but if cash is tight in a subsidiary as it grows, the cash has to come from somewhere. I would recommend that every armchair quarterback out there, go and run a business for 3-5 years...you would learn an immense amount that buying and selling securities cannot teach you. You would be humbled, astounded and at times shake your head at what you see and learn. But it is a very interesting challenge with so many more variables than analyzing securities encounters! Imagine playing poker, but 20 hands at a time! Cheers! Parsad - you are in a unique (& unfortunate position) of having to defend & explain PDH on a public forum.. No CEO or manager is out there explaining their decisions to a bunch of groupies on a web forum . You should not be expected to participate in this thread to explain or defend your decisions. Don't you think it unduly influences how you make decisions regarding the company if you're always under the microscope? It's comical that you are insinuating that private companies don't get questioned or challenged regularly. All investors challenge management on their decisions, unless they are one in the same. Often times they are equally tough on themselves. Parsad is equally remiss to assume board posters aren't also running sizable companies or in management elsewhere. Some may be learning but many others are well established at this point. It is hard and I think this project has been a terribly tough ongoing lesson. Junto, why would you assume that when I said "armchair quarterback", I wasn't simply talking about myself? That I at times probably behaved that way before actually running a business. That it would be a good experience for others as well that spent alot of time analyzing securities, but not actually running a business...be it public or private. Cheers! Link to comment Share on other sites More sharing options...
ourkid8 Posted April 3, 2019 Share Posted April 3, 2019 ZED Therapeutics has been an absolute home run!!! Sanjeev acquired his 36.7% stake for $25,750 and it currently has a $17M valuation! For simplicity, let's cut our percentage ownership in half in the business after the capital raise which means our position is worth ~$3.12M @ $17M valuation which is about 74% of the market cap of PDH. The stock price has not moved up with this news. Is there something I am missing? Just a heads up to everyone the annual letter has been released. Link to comment Share on other sites More sharing options...
OracleofCarolina Posted April 3, 2019 Share Posted April 3, 2019 OURKID8, I was thinking the same thing..maybe the market isn't sure about Zed shares being listed or even knows the details :), but you are right, it seems like ZED pretty much could be worth the whole market cap. Link to comment Share on other sites More sharing options...
Jurgis Posted April 3, 2019 Share Posted April 3, 2019 OURKID8, I was thinking the same thing..maybe the market isn't sure about Zed shares being listed or even knows the details :), but you are right, it seems like ZED pretty much could be worth the whole market cap. Might be opportunity if anyone can accumulate shares without driving the price 2-3x. Link to comment Share on other sites More sharing options...
ourkid8 Posted April 3, 2019 Share Posted April 3, 2019 I could not help myself and increased my position by 29%! Question, what do you think is the liquidity event... IPO of ZED? Sanjeev also mentioned, I don’t want to steal Jim’s thunder, but you will hear about ZED’s developments throughout 2019, including a liquidity event in the 2nd half. We could not have wished for better partners! OURKID8, I was thinking the same thing..maybe the market isn't sure about Zed shares being listed or even knows the details :), but you are right, it seems like ZED pretty much could be worth the whole market cap. Might be opportunity if anyone can accumulate shares without driving the price 2-3x. Link to comment Share on other sites More sharing options...
lschmidt Posted April 3, 2019 Share Posted April 3, 2019 OURKID8, I was thinking the same thing..maybe the market isn't sure about Zed shares being listed or even knows the details :), but you are right, it seems like ZED pretty much could be worth the whole market cap. Might be opportunity if anyone can accumulate shares without driving the price 2-3x. Interesting situation with a potential liquidity event for ZED. The letter also suggests a possible requirement for a MyCare liquidity event in 2019. You would think the above quote suggestion about accumulation driving up the price would be true, but as of this writing, 400,000 shares have been traded on the TSX without any increase in asking price! Link to comment Share on other sites More sharing options...
ourkid8 Posted April 3, 2019 Share Posted April 3, 2019 Not true. I purchased shares earlier today for $0.025 with a bid/ask of $0.02/$0.025. Right now it is currently 0.03/0.035 and I can easily see the ask reaching $0.04-0.045. Interesting situation with a potential liquidity event for ZED. The letter also suggests a possible requirement for a MyCare liquidity event in 2019. You would think the above quote suggestion about accumulation driving up the price would be true, but as of this writing, 400,000 shares have been traded on the TSX without any increase in asking price! Link to comment Share on other sites More sharing options...
benchmark Posted April 3, 2019 Share Posted April 3, 2019 I could not help myself and increased my position by 29%! Question, what do you think is the liquidity event... IPO of ZED? Sanjeev also mentioned, I don’t want to steal Jim’s thunder, but you will hear about ZED’s developments throughout 2019, including a liquidity event in the 2nd half. We could not have wished for better partners! OURKID8, I was thinking the same thing..maybe the market isn't sure about Zed shares being listed or even knows the details :), but you are right, it seems like ZED pretty much could be worth the whole market cap. Might be opportunity if anyone can accumulate shares without driving the price 2-3x. Given the mentioning of the liquidity event in the report, the paperwork must have been signed? otherwise is Sanjeev allowed to say it? Link to comment Share on other sites More sharing options...
sarganaga Posted April 3, 2019 Share Posted April 3, 2019 It would be interesting to get a bit more color on what special competitive advantage ZED brings to the cannabis circus. In this new & highly competitive business, what will make them stand out on an operational level or is this endeavor mostly about "liquidity events"? Link to comment Share on other sites More sharing options...
Parsad Posted April 4, 2019 Share Posted April 4, 2019 ZED Therapeutics has been an absolute home run!!! Sanjeev acquired his 36.7% stake for $25,750 and it currently has a $17M valuation! For simplicity, let's cut our percentage ownership in half in the business after the capital raise which means our position is worth ~$3.12M @ $17M valuation which is about 74% of the market cap of PDH. The stock price has not moved up with this news. Is there something I am missing? Just a heads up to everyone the annual letter has been released. We are very optimistic about ZED, but I also don't want you to assume things after reading the letter. You are on the right path, but the ownership stake has been diluted a little more than your assumption. I could not help myself and increased my position by 29%! Question, what do you think is the liquidity event... IPO of ZED? Sanjeev also mentioned, I don’t want to steal Jim’s thunder, but you will hear about ZED’s developments throughout 2019, including a liquidity event in the 2nd half. We could not have wished for better partners! OURKID8, I was thinking the same thing..maybe the market isn't sure about Zed shares being listed or even knows the details :), but you are right, it seems like ZED pretty much could be worth the whole market cap. Might be opportunity if anyone can accumulate shares without driving the price 2-3x. Given the mentioning of the liquidity event in the report, the paperwork must have been signed? otherwise is Sanjeev allowed to say it? Not signed, but they are actively pursuing it and expect it to occur some time in the 2nd half of 2019. These things some times have delays due to changes in circulars, exchange issues...but that is the target for both ZED and MyCare...ZED would be up first. It would be interesting to get a bit more color on what special competitive advantage ZED brings to the cannabis circus. In this new & highly competitive business, what will make them stand out on an operational level or is this endeavor mostly about "liquidity events"? This is the genetic catalogue asset (325 strains) that was purchased and the guy who now works for ZED as chief geneticist: https://cannabisindustryjournal.com/feature_article/adam-jacques-award-winning-grower-pioneer-and-medical-cannabis-provider/ https://www.eugeneweekly.com/2016/01/14/medicine-man/ This is ZED's chief of technology: https://cannabisindustryjournal.com/feature_article/the-c4-cannabinomics-collaborative-qa-with-dr-zacariah-hildenbrand/ More to come over the next few months! Cheers! Link to comment Share on other sites More sharing options...
OracleofCarolina Posted April 5, 2019 Share Posted April 5, 2019 Will there be a presentation uploaded to the PDH web site for 2019 meeting? Link to comment Share on other sites More sharing options...
Parsad Posted April 5, 2019 Share Posted April 5, 2019 Will there be a presentation uploaded to the PDH web site for 2019 meeting? Hi, the 2019 AGM presentation will be on the site shortly...thanks! Sanjeev Link to comment Share on other sites More sharing options...
benchmark Posted April 6, 2019 Share Posted April 6, 2019 Not signed, but they are actively pursuing it and expect it to occur some time in the 2nd half of 2019. These things some times have delays due to changes in circulars, exchange issues...but that is the target for both ZED and MyCare...ZED would be up first. Thanks for the clarification. I wouldn't have mentioned this if it is still not signed -- aren't worried about a potential law suit if the deal fell apart ? (from ones who bought the stock the last couple of days) Link to comment Share on other sites More sharing options...
Parsad Posted April 6, 2019 Share Posted April 6, 2019 Not signed, but they are actively pursuing it and expect it to occur some time in the 2nd half of 2019. These things some times have delays due to changes in circulars, exchange issues...but that is the target for both ZED and MyCare...ZED would be up first. Thanks for the clarification. I wouldn't have mentioned this if it is still not signed -- aren't worried about a potential law suit if the deal fell apart ? (from ones who bought the stock the last couple of days) It's not a deal. It's a listing. They have to go through the issues that the listing exchange requires them to do. It's a process, but there should not be an issue listing, just getting all of the documentation in place...you have to constantly update the circular, etc, and it takes time. Cheers! Link to comment Share on other sites More sharing options...
shalab Posted May 17, 2019 Share Posted May 17, 2019 Looks like MPIC is going all in into PDH. It is financing both the equity side by buying shares issued by PDH (which goes to pay opex and management salaries) as well as doing loan financing. Interestingly, MPIC fund reports have stopped since 2016 (http://www.cornermarketcapital.com/annual-reports.html). The Company also announces that it has entered into a loan agreement with MPIC Fund I, LP ("MPIC") for a secured loan in the principal amount of USD$200,000 (the "Loan"). The Loan matures on April 27, 2020 and bears interest at a rate of 6% per annum. The Loan is secured with all of the present and after-acquired property of the Company. The Company is not issuing any securities, or paying any bonus, commission or finder's fees on the Loan. The Loan is repayable at any time without penalty. The Company expects to repay the financing upon receiving funds from some of its other investments. https://finance.yahoo.com/news/premier-diversified-holdings-inc-closes-213917392.html Link to comment Share on other sites More sharing options...
OracleofCarolina Posted August 30, 2019 Share Posted August 30, 2019 2q results are out Link to comment Share on other sites More sharing options...
wondering Posted August 30, 2019 Share Posted August 30, 2019 Is there any update on the proposed IPO of Zed? Link to comment Share on other sites More sharing options...
StevieV Posted August 30, 2019 Share Posted August 30, 2019 2q results are out I'm rooting for Parsad, but it doesn't look pretty to me. I only scanned briefly, but don't see any evidence they are gaining traction. Link to comment Share on other sites More sharing options...
benchmark Posted September 17, 2019 Share Posted September 17, 2019 2q results are out I'm rooting for Parsad, but it doesn't look pretty to me. I only scanned briefly, but don't see any evidence they are gaining traction. This is becoming a high risk VC fund :) Link to comment Share on other sites More sharing options...
Spekulatius Posted September 17, 2019 Share Posted September 17, 2019 2q results are out I'm rooting for Parsad, but it doesn't look pretty to me. I only scanned briefly, but don't see any evidence they are gaining traction. This is becoming a high risk VC fund :) High risk and high cost VC fund. Link to comment Share on other sites More sharing options...
Partner24 Posted December 21, 2019 Share Posted December 21, 2019 Sanjeev, I've got a private message to send you. Can you please give me an email to send it? Link to comment Share on other sites More sharing options...
gary17 Posted December 22, 2019 Share Posted December 22, 2019 It’s right in the first page of SEDAR I’m not an investor in this one, Link to comment Share on other sites More sharing options...
Cevian Posted December 22, 2019 Share Posted December 22, 2019 Also on both websites contact area: http://www.cornermarketcapital.com https://www.pdh-inc.com Link to comment Share on other sites More sharing options...
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