ProTek Capital Inc (PRPM)

[B1gbtv001]

Hey Eddie,

I suggest you learn the UCC laws in Texas. Here you go below since you agreed to solidify our deal with PRPM at SMG with your "personal preferred stock" which means it's a public finance transaction and a debt securities transaction. The Texas UCC does not mention a specific time frame required to file a UCC1 financing statement as a security interest as far as I can find. Meaning your statute of limitations request gets tossed just like your salad will in prison.

Texas UCC Section 9.102:

(67) "Proposal" means a record authenticated by a secured party that includes the terms on which the secured party is willing to accept collateral in full or partial satisfaction of the obligation it secures pursuant to Sections 9.620, 9.621, and 9.622.

(68) "Public-finance transaction" means a secured transaction in connection with which:

(A) debt securities are issued;

(B) all or a portion of the securities issued have an initial stated maturity of at least 20 years; and

(C) the debtor, obligor, secured party, account debtor or other person obligated on collateral, assignor or assignee or a secured obligation, or assignor or assignee of a security interest is a state or a governmental unit of a state.