Wednesday, August 06, 2014 3:17:05 PM
Per Kolbe statement is tentative for funding.
This means PRPM would provide funding $$$ to Kolbe and possibly also provide stock which Kolbe could then sell for funding.
Since PRPM has no money, they would have to get funding from Mastiff LLC as previously mentioned. To get the funding PRPM would give stock shares to Mastiff on a equal basis to the amount funded. This would be collateral to Mastiff for the money funded (money lent) Funding is never free and since PRPM has no assets to pledge they would have to give treasury stock to Mastiff. Get $1,000 funding and give Mastiff $1,000 worth of stock. At what price? If at .0001, Mastiff gets 1 million shares for each $100 funded.
If PRPM needs $200,000 funding, Mastiff gets 2 billion shares.
What do you think happens to the value of investors shares?
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