{"id":7329,"date":"2015-10-30T12:02:04","date_gmt":"2015-10-30T12:02:04","guid":{"rendered":"\/?p=7329"},"modified":"2015-10-30T12:14:40","modified_gmt":"2015-10-30T12:14:40","slug":"pf-hospitality-group-inc-otcmktspfhs-calms-down-and-carries-on","status":"publish","type":"post","link":"\/articles\/pf-hospitality-group-inc-otcmktspfhs-calms-down-and-carries-on\/","title":{"rendered":"PF Hospitality Group Inc (OTCMKTS:PFHS) Calms Down and Carries On"},"content":{"rendered":"\n

A grand total of $110 thousand has been paid for the pump of PF Hospitality Group Inc (OTCMKTS:PFHS<\/a>) so far. A lot of money means a lot of touting and the sixteen emails that have hit our inbox since the beginning of the promotion have definitely affected the stock performance. On Tuesday, PFHS<\/a><\/strong> logged its first properly active session since the reverse split from July and yesterday, it added another 5%, finishing the day at a little over $0.68 per share. <\/p>\n

So, third parties are paying money for a promotion and people are willing to listen to the far-fetched promises from the emails. That’s not news. What is news, however, is that PFHS<\/a><\/strong> isn’t the company it used to be.<\/p>\n

At the end of Q2, it had no cash or assets and it was in the mineral exploration business. On July 1, however the company completed the acquisition of Pizza Fusion – a pizza restaurant franchisor that has presence in the US, Dubai, and the United Arab Emirates. Yesterday, in a press release that was peculiarly timed considering the flurry of promotional emails flying around, PFHS<\/a><\/strong> said that in addition to the already established Pizza Fusion brand, they will try to launch a new concept called Shaker & Pie.<\/p>\n

Predictably, there’s a new management team as well and they’ve decided to turn PFHS<\/a><\/strong> into a fully reporting entity. At the beginning of the month, they filed a Form 10 statement with the SEC and thanks to it, we can see what the new subsidiary’s situation was mere hours before it got acquired by PFHS<\/a><\/strong>. Unfortunately, things weren’t perfect. Here’s a summary of the figures:<\/p>\n