e-ore
8年前
Some other PPMT news that doesn't seem to have been widely circulated.
Published on July 6, 2016
Luxembourg, Luxembourg/New York, NY – Luxembourg based BlueGreen Solutions (an affiliate of New Angle Capital) and PPMT Strategic Group are pleased to announce that they have reached late last night an agreement under which PPMT will form and fund new operating companies for the development and commercialization of European medical technology (Medtech) companies in North America.
Both company management expect this agreement to enable promising European based Medtech companies to access the US market quickly and efficiently by being properly financed and properly managed by US Medtech industry experts. The private equity financing will serve exclusively to finance North American operations and will only involve securities issued by the US-based subsidiary. Over 80% of the financings of these US subsidiaries are expected to be between USD3m to USD10m each. The entry strategy into the US market, the implementation, and the development of the US subsidiary will happen in close cooperation with the parent European Medtech company. This original approach to address the significant financing needs required to properly enter the US market will have the advantage of not diluting current shareholders at the European Medtech company level.
The selection of European Medtech companies will follow a strict process, which will include due diligence on the Medical Technology, a financial analysis and an operational feasibility study, all of which will be presented to PPMT’s investment committee. PPMT’s investment committee will be comprised of distinguished industry specialists whose members will be announced shortly.
About BlueGreen Solutions
New Angle Capital, a company specialized in the structuring, financing and international development of innovative European Technology companies, has recently created BlueGreen Solutions (BGS), also a Luxembourg-based corporation, with the specific purpose of developing, marketing and commercializing European based Medtech companies in the US. In order to properly address this niche positioning, BGS has been formed around a team of senior private equity specialists, former operational executives, and senior consultants in the introduction, distribution and commercialization of Medtech products onto the American market. By virtue of its base in Luxembourg, BGS has a pan-European approach to the selection of its European Medtech partners. For more information, please visit http://www.bg.solutions
About PPMT
PPMT Strategic Group is a diversified management company with headquarters in New York City. The company is an operating subsidiary Profit Planners Management Inc. (OTC: PPMT). PPMT Strategic Group, through one of its investment management advisors, currently advises funds that have completed over $1B of transactions since 2009 and currently manage over $600M of liquid capital. For more information, please visit http://www.ppmtgroup.com
https://www.linkedin.com/pulse/bluegreen-solutions-ppmt-strategic-group-bring-european-rhea
David Sobel to lead PPMT Strategic Group’s Tax Practice
Globe Newswire
David Sobel Joins PPMT Strategic Group as Managing Director, Tax Services Practice Leader in the New York City Office
January 19, 2016: 09:00 AM ET
NEW YORK, Jan. 19, 2016 (GLOBE NEWSWIRE) -- We are pleased to announce that David C. Sobel, CPA has joined PPMT Strategic Group as Managing Director, Tax Services Practice Leader.
Mr. Sobel has over 30 years of experience serving as the senior tax advisor to stakeholders looking to maximize the effectiveness of their tax function.
Mr. Sobel’s background includes “Big 4” Special Acquisitions, Tax Practice Leader for a regional public accounting firm, and several senior tax positions for publicly traded companies. David’s experience spans diversified taxation matters including structural planning, due diligence, financial reporting (ASC 740), research & planning, and taxpayer advocacy.
Wesley Ramjeet, PPMT’s CEO said: “We continue to execute on our plan to expand PPMT services offerings by adding talented seasoned professionals. The addition of Mr. Sobel brings leadership, expertise and relationships that will help us expand our corporate tax footprint in a meaningful way.
David’s experience far transcends the traditional tax consultant. In addition to leading the tax function in literally hundreds of successful acquisitions, David personally oversaw the tax related integration of these businesses and the ongoing smooth operation of each’s tax function. David’s deep understanding of the needs of both financial stakeholders and other functional leaders makes him invaluable to clients and a great asset to the PPMT organization.”
About PPMT Strategic Group
PPMT Strategic Group is a Management Consulting firm that offers a truly integrated suite of services designed to support middle market companies as they progress through the corporate growth cycle from start-up through exit of the middle market classification.
We are a trusted advisor to many high growth Middle Market Companies and their boards of directors. We are also a trusted advisor to several private equity and hedge funds. We assist them with their due diligence, position maintenance and regulatory reporting, as well as closings. PPMT Strategic Group is a wholly owned subsidiary of Profit Planners Management, Inc. (PPMT)
http://money.cnn.com/news/newsfeeds/articles/globenewswire/6150006.htm
PPMT Strategic Group is pleased to have advised the buy side on the acquisition of Emery Mine assets from Consol Energy (NYSE: CNX).
http://www.bizjournals.com/pittsburgh/news/2015/12/22/consol-sells-utah-coal-mine-to-undisclosed-buyer.html
e-ore
8年前
Some tidbits from the PPMT 10k. Bold emphasis is mine
"Consulting service income for the year ended May 31, 2016 consisted of CFO, Accounting, Management Consulting and Tax Services. The change in service income is attributable to new clients and increased billing to our existing clients.
Cost of revenues for the year ended May 31, 2016 totaled $676,183 and was comprised of salaries and compensation expenses of $320,327 and other overhead expenses of $355,856. These costs are directly attributable to work performed on the client accounts by any employee in the organization and include costs for outside temporary consultants, office needs and other overhead expenses. Our gross margin improved significantly compared to 2015 because our pricing has improved and our staff has been more billable."
"Selling, general and administrative expenses for the year ended May 31, 2016 was $489,135
Selling, general and administrative expenses for the year ended May 31, 2015 was $553,968"
59% increase in revenue, lower SG&A expenses, love it!
"Cost of revenues for the year ended May 31, 2016 totaled $676,183
Cost of revenues for the year ended May 31, 2015 totaled $549,844"
59% increase in revenue, only 23% rise in cost of revenue, love it!
Ultimate Warrior
9年前
I was interested in this, then I did the math. There are 5,430,279 shares outstanding. At $0.10/share, that puts the company at a valuation of $543,028. The company owes its CEO $577,426, which is more than the entire value of the company. This thing is headed straight down the toilet.
TraderTrisha
9年前
Unicorn here! Trading 2 sessions now
Insider own 3,500,200 of the 5,430,279 outstanding
CEO, Wesley Ramjeet, is also the Chairman of Micro-Cap Review, Inc., a financial publisher that covers the micro-cap market place.
Total Liabilities: $873,096, none of which is toxic debt
Three Months Ended August 31,2015:
Revenues - consulting and management services fees: $264,082
Gross Profit: $145,009
Net loss and comprehensive loss: $(6,956)
Looks clean to me
SEC DD: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001468164&owner=exclude&count=40