Players Network Inc. (fka PNTV)

[lesgetrich]

From the PNTV 8-K announcing the funding...

PNTV 8-K

Below is the Investment Schedule from RxMM to PNTV:

1. Upon signing this LOI, $25,000 paid to Players Network Inc.

2. Within 14 days of signing this LOI $125,000 paid to Players Network Inc.

3. Upon Signing Definitive Agreement $350,000, not to exceed 30 days on a “best efforts” basis.

4. 60 days after signing the Definitive Agreement $2,000,000 on a mutually agreed draw down schedule on a “best efforts” basis.

The Definitive Agreement was signed on August 15th. The company should already have $150,000 and perhaps as much as $500,000 or more. In any event, $500,000 should be available no later than September 15th, with the full $2.5 million available by October 15th.

The pps did move up from $.025/share to $.009/share. It's come back down since.