PTA Holdings, Inc (PTAH)

[VictorMasonIsRight]

I think the strange trades yesterday (40mm at .0001, below the posted bid of .0002 ) are related to the two $25,000 consulting contracts that call for payment in shares
'at 75% of the lowest price of the preceding 20 days... '


On February 1, 2010 the company entered into a new one year consulting agreement with RJB Consulting Inc. and T. Peter & Company Inc. Both Consultants were contracted at the rate of $25,000 per year payable with a one year note payable for $25,000 which bears an interest rate of 15% per annum and is convertible to common shares at the Conversion Price per share of the lesser of .001 or 75% of the lowest closing price for the Company’s stock during the previous 20 trading days. The combined total due on both obligations is $50,000 plus interest as of June 30, 2013. The Company will seek to reduce this debt through negotiations with the holders during the 3rd quarter.

These contracts act like small toxic converts but we'll just have to ignore theses odd trades.
But $50,000 at .0001 is a lot of stock at these levels, we'll see more