Welcome to our dedicated page for PMB AEROSPACE news (Ticker: PMBY), a resource for investors and traders seeking the latest updates and insights on PMB AEROSPACE stock.
PMB Aerospace Corp (PMBY) is a transformational technology corporation focusing on developing and commercializing products for various industry sectors. Formerly known as Space Propulsion Systems Inc, the company has shifted its focus back to the aerospace domain. PMB Aerospace is positioned to lead in propulsion, fuel efficiency, battery technology, and safety. With a strong emphasis on rocket engine development and encapsulation formulations, the company aims to address climate change concerns while enhancing performance and safety. Teaming up with industry leaders and the government, PMB Aerospace is committed to advancing research and improving design in global business areas.
POSTD Merchant Banque (OTC PINK: PMBY) has acquired a 40% equity stake in Sewacard Industrie SA, a Senegalese debit card producer offering GIM and VISA prepaid cards. SEWA is GIM-UEMOA certified, enabling it to produce EMV CPA Bank Cards for WAEMU countries. The acquisition aims to enhance financial inclusion in Africa by providing electronic banking solutions, especially in rural areas. SEWA's Mobile Kit utilizes mobile networks for transactions, making services more accessible. SEWA can produce up to one million bank cards monthly, significantly reducing delivery times.
POSTD Merchant Banque (PMBY) has announced its role as the lead financing arranger and administrator for G-Ramps' NFTs, launching the American Dream Collection centered on iconic American cars. The inaugural NFT, a 1969 Lincoln Continental Mark III, reflects historical significance regarding luxury ownership. The NFT auction begins online on March 28, 2022, closing on April 11, 2022. Additionally, 10% of proceeds will support the Five Points Foundation, aiding communities in South Los Angeles. The NFT market saw $22B in trading volume in 2021, showcasing robust growth.
POSTD Merchant Banque (OTC: PMBY) has positioned itself as a mandated lead arranger for corporate financial transactions. The company plays a critical role in structured finance, including origination, structuring, and payment guarantees, aiding trade finance amidst economic uncertainties. The introduction of URDG 758 guidelines enhances security in international trade contracts. However, the company has rescinded its acquisition of Banco PyME de la Comunidad SA, which may influence its strategic direction moving forward.
POSTD Merchant Banque (OTC: PMBY) has appointed Mr. Muhammed Gazanfer Khan as its new Chief Financial Officer. With over 35 years of experience, Khan has held notable roles, including CEO of Gold and Silver Trading India and Premium Ranch US. He possesses expertise across multiple industries, including commodities trading, oil and gas, and telecommunications, and has collaborated with major clients like United Technologies and Isuzu Motors. The company specializes in providing financial advisory services and growth capital beyond traditional banking capabilities.
POSTD Merchant Banque (OTC: PMBY) has successfully reduced its issued and outstanding common shares by 180 million. CEO Kevin Rather stated that the company aims to enhance shareholder equity and increase share value through further reductions in its common shares and authorized share capital. The firm positions itself as a non-depository financial institution, facilitating growth capital access in private markets beyond traditional banking capabilities.
POSTD Merchant Banque (OTC: PMBY) has announced a suite of financial services aimed at enhancing shareholder value. The company serves as a mandated lead arranger for corporate to bank financial transactions, adhering to the URDG 758 guidelines. Notable offerings include credit enhancement services, which have benefited clients through lower loan interest rates, and secure digital merchant banking solutions. Additionally, the firm provides tailored restructuring and debt advisory services, crucial for businesses needing capital stability.
POSTD Merchant Banque (OTC: PMBY) announces updates regarding its corporate governance and financial reporting. Recently, the company hired CPA Firm PlS CPA for accounting services but failed to retrieve the necessary work by the OTCM deadline. On September 29, 2021, they discovered that PlS CPA had past enforcement actions with the SEC for audit failures. Consequently, PMBY has engaged CPA Robert Hymers III and Brannelly Law PLLC to fulfill its financial reporting obligations and seeks to recover fees from the previous firm for non-performance.
POSTD Merchant Banque (OTC: PMBY) outlines its strategic business plan following the acquisition of Banco PyME de la Comunidad SA. Key initiatives include establishing a 24-hour SWIFT service for enhanced competitiveness and pursuing financing projects in the mining sector and housing development. Among these, the cooperative construction project seeks to build 250 homes with a USD 25 million investment and a projected profit of USD 12 million. Banco PyME operates across Bolivia, focusing on funds, trusts, and financial instruments.
FAQ
What is the current stock price of PMB AEROSPACE (PMBY)?
What is the market cap of PMB AEROSPACE (PMBY)?
What is PMB Aerospace Corp's core focus?
What was PMB Aerospace Corp formerly known as?
What are some of PMB Aerospace Corp's key goals?
Who does PMB Aerospace Corp collaborate with?
