Premier Product Group Inc (VHMC) |
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Market Capitalization (Millions $) |
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Shares
Outstanding (Millions) |
368 |
Employees |
2 |
Revenues (TTM) (Millions $) |
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Net Income (TTM) (Millions $) |
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Cash Flow (TTM) (Millions $) |
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Premier Product Group Inc
Valley High Mining Company was incorporated in the State of Utah on November
14, 1979, under the name Valley High Oil, Gas & Minerals, Inc. (“Valley
High Oil”), for the purpose of engaging in the energy, mining and natural
resources business. In order to raise the money necessary to acquire, explore
and develop oil and gas properties and other natural resource-related ventures
or projects, we undertook an offering of our common stock pursuant to the Regulation
A exemption from registration afforded under the Securities Act of 1933, as
amended, wherein we offered and sold a total of 25 million common shares at
a price of two cents ($0.02) per share and received gross proceeds of $500,000
from over 1,000 subscribers. These funds were utilized in our attempt to acquire
and explore for oil and gas, uranium, coal, geothermal, and other mineral (metallic
and nonmetallic) properties.
Between 1980 and 1985, we spent nearly all of our capital on several natural
resource and mining ventures. In 1985, we effectuated a 10:1 reverse split.
By 1986, after engaging in several unsuccessful ventures, we exhausted our capital
reserves. From April 1989 through 2003, we were dormant, doing only those actions
necessary to allow the Company to remain as an active entity. In April 2004,
pursuant to the affirmative vote of our shareholders we reincorporated into
the State of Nevada by merging with a wholly owned Nevada subsidiary company
under the name Valley High Mining Company (the “Merger”). Pursuant
to the Merger, among other things, for every 35 shares of Valley High Oil, a
shareholder was entitled to receive one (1) share of Valley High Mining Company,
a Nevada corporation, the surviving entity in the Merger.
On April 19, 2004, the day that the Merger was effective, we entered into a
mining lease agreement with North Beck Joint Venture, LLC, a Utah limited liability
company (”North Beck”), an entity owned and controlled by our then
principal shareholder and officer/director. The terms of the lease consideration
were based upon prior lease agreements that North Beck Joint Venture had entered
into with other mining companies in the past. As a result, we acquired control
of over 470 acres of patented precious metals mining claims located adjacent
to, and just west of, the town of Eureka in Juab County, Utah, in the so-called
“Tintic Mining District” (the “North Beck Claims”).
The Tintic Mining District of Juab County, Utah, is located approximately 100
miles south of Salt Lake City. The North Beck Claims have an extensive history
and contain several mines, mining shafts or "prospecting pits," two
of which are over 1,000 feet deep. This project also proved to be unsuccessful.
As a result, in February, 2010, control of our Company changed again, with the
business objective to seek a suitable acquisition candidate through acquisition,
merger, reverse merger or other suitable business combination method. We disposed
of the North Beck Claims in connection with the change in control.
Until September 2012, our then management continued to seek a suitable acquisition
candidate, without success. On September 8, 2012, we executed a Joint Venture
Agreement (the “Joint Venture”) with Corizona Mining Partners LLC,
a Minnesota limited liability company (“Corizona”). Prior, on July
20, 2012, the Company and Corizona formed a limited liability company, Minera
Carabamba S.A. pursuant to the laws of Peru. The Joint Venture acquired a 50%
leasehold interest in a property of approximately 966 hectares, located in La
Libertad, Peru, in order to conduct gold mining operations on the property under
the project name of Machacala. On March 1, 2013, the Company advised Corizona
that we were no longer interested in continuing with our role in the Joint Venture
due to the inability to gain access to the property.
Company Address: 6303 Owensmouth Woodland Hills 91367 CA
Company Phone Number: 798-1878 Stock Exchange / Ticker: VHMC
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Customers Net Income grew by |
VHMC's Customers Net Profit Margin grew to |
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6 %
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Stock Performances by Major Competitors |
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Tecnoglass Inc
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Caesarstone Ltd
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Piedmont Lithium Inc
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