Premier Investment Properties, Inc (PIPI)

[deafcone]

the options are a right to the shares at a specific price and don't convert to shares until the price gets to the target specified in the deal. at .08 and .16 he would get shares and because of the vesting provisions attached as mentioned he could not sell them until he has owned the shares for a specific amount of time. And with the antidilution provision he could sell limited amounts of the shares in incremints once the vesting provision is met.

DC