{"id":4281,"date":"2014-04-02T14:13:39","date_gmt":"2014-04-02T14:13:39","guid":{"rendered":"\/?p=4281"},"modified":"2014-04-02T14:18:24","modified_gmt":"2014-04-02T14:18:24","slug":"primco-management-inc-otcbbpmcm-on-its-way-to-the-top-again","status":"publish","type":"post","link":"\/articles\/primco-management-inc-otcbbpmcm-on-its-way-to-the-top-again\/","title":{"rendered":"Primco Management, Inc. (OTCBB:PMCM) On Its Way To The Top Again"},"content":{"rendered":"\n<p style=\"margin-bottom: 0in;\"><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/1pm.png\" border=\"0\" width=\"400\" height=\"178\" \/>Primco Management, Inc. (OTCBB:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PMCM\">PMCM<\/a>) is also known as the music producer-turned-pot entrepreneur&nbsp;company that needed more than $2 million to make less than $30 thousand in revenues. In spite of its obvious commercial shortcomings, media exposure is currently pushing the ticker up again &ndash; yesterday it jumped up 18.75%.<\/p>\n<p style=\"margin-bottom: 0in;\">This particular chart climb began right after the disastrous crash on March 27. It was further empowered by an announcement that the construction of <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PMCM\">PMCM<\/a>&#8216;s new Suzie Q Dispensary is underway that hit the wire on April 1. As a direct result of the press release, yesterday company stock closed at $0.0057 on a 2.6 million dollar volume. However, despite the fact that <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PMCM\">PMCM<\/a> is currently on the rise and gathering momentum fast, the company&#8217;s market standing is more precarious than ever. Why is that? <\/p>\n<p style=\"margin-bottom: 0in;\">Because a company, whose most recent 10-Q contained the numbers given below, is hardly worth a market cap of $27.5 million.<\/p>\n<p style=\"margin-bottom: 0in;\">&nbsp;<\/p>\n<ul>\n<li>Cash on hand &#8211; $115 thousand<\/li>\n<li>Current assets &#8211; $3.1 million<\/li>\n<li>Current liabilities &#8211; $3.5 million<\/li>\n<li>Quarterly revenues &#8211; $29 thousand<\/li>\n<li>Quarterly net loss &#8211; $1.6 million<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"margin-bottom: 0in;\"><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/30PMCMlogo.png\" border=\"0\" width=\"140\" height=\"27\" \/><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PMCM\">PMCM<\/a>&#8216;s first 10-Q for 2014 was due this Monday. It was supposed to shed some much needed light on <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PMCM\">PMCM<\/a>&#8216;s financial situation at the time of the start of the marijuana rush, but in the end all that investors got was a notification of late filing. As a result, the ticker will be free to run rampant and high on hype and hope for two more weeks. As it is now, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PMCM\">PMCM<\/a> investors should be wary &ndash; if said quarterly turns out as bad or worse than the last one, they may be in for a bumpy ride.<\/p>\n<p style=\"margin-bottom: 0in;\">A ride not unlike the one Terra Tech Corp. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TRTC\">TRTC<\/a>) experienced yesterday. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TRTC\">TRTC<\/a> is on its way down because the financial report it filed a few days ago turned out to be a let-down.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Primco Management, Inc. (OTCBB:PMCM) is also known as the music producer-turned-pot entrepreneur&nbsp;company that needed more than $2 million to make less than $30 thousand in revenues. In spite of its obvious commercial shortcomings, media&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[104,259],"class_list":["post-4281","post","type-post","status-publish","format-standard","hentry","category-news","tag-pmcm","tag-trtc"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=4281"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4281\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=4281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=4281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=4281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}