To set the record straight on Stone Finacial:
Using the date that PDSC secured financing from Stone financial from the press release November 18th-2005 (See below: I don't know when they actually did the physical transaction of shares). The share price on that date was exactly where it was today at $.0028 (It rose a 100% up that day from .0014 previous day close. 220,0000,000 x .0014 = $308,000. So Stone financial must have received a pricing like the average 10 day pricing of stock prior to agreement or something to that effect. it is true if they had held to sell earlier this year they would have reaped mega profits. It is unlikely that they waited as Kearney said they were free trading shares. That was the major mistake in my mind instead of making them restriced for a year or so from trading. The interesting thing is why did they default after the first tranch of $250,000 payments?
November 18, 2005 - 1:21 PM EST
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November 18, 2005 - 1:21 PM EST
PDSC Secures $1 Million Funding Commitment From The Stone Financial Group, Inc.
PRODUCE SAFETY and SECURITY INTERNATIONAL, INC. (OTC: PDSC), a sanitation disinfectant process supplier to the food and medical industries, has secured $1 million dollars in funding commitments through a 504 registration with The Stone Financial Group, Inc.. The proceeds will be used for future acquisitions and for working capital purposes to build and develop the company's operations.
"Produce Safety & Security International, Inc. is at an important point in its lifecycle and this current round of funding will help the Company execute on its business plan within the worldwide food safety market," stated Clarence W. Karney, Chief Executive Officer of Produce Safety & Security International, Inc.
"Our experience in this sector and the strength of our connections gave us a unique insight into the business of Produce Safety & Security International, Inc. to ensure that we were fully prepared to proactively support the Company in its growth initiatives," said Esper Gullatt, a director at Stone Financial Group.
AI
