Welcome to our dedicated page for PRMK news (Ticker: PRMK), a resource for investors and traders seeking the latest updates and insights on PRMK stock.
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Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PRMK's position in the market.
ProConcept Marketing Group (OTC PINK: PRMK) has executed a 1-for-100 reverse stock split, effective June 8, 2022. This move consolidates 355,148,803 shares into approximately 3,551,489. Following this, the stock symbol will change to PRMKD for 20 business days, then to LNTO. The company is rebranding as Lelantos Holdings, Inc., and is pursuing new projects and partnerships aimed at enhancing shareholder value. The management anticipates more transparency regarding business developments in the upcoming future.
ProConcept Marketing Group, Inc. (OTC PINK: PRMK) announced an update on its merger with Lelantos Holdings, Inc. and a consulting contract with Golden Triangle Ventures, Inc. The merger aims to enhance value for stakeholders, with both parties working with FINRA on the corporate action for a reverse merger. Lelantos has made significant progress towards launching its large-scale refining operation in Michigan, although unexpected delays have affected financial obligations to GTV. The company anticipates becoming publicly traded soon and plans to expand operations across various projects.
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