PTA Holdings, Inc (PTAH)

[dealerschool2006]

PTAH may be run by a bunch of crooks diluting...or based on the quarterly report PTAH:

NOTE 4 – LONG TERM AND CONVERTIBLE DEBT
On January 15, 2009 the company entered into a one year consulting agreement with RJB Consulting Inc. and T. Peter & Company Inc. Both Consultants were contracted at the rate of $50,000 per year payable with a one year note payable for $50,000 which bears an interest rate of 15% per annum and is convertible to common shares at the Conversion Price per share of the lesser of .001 or 75% of the lowest closing price for the Company’s stock during the previous 20 trading days.
On February 1, 2010 the company entered into a new one year consulting agreement with RJB Consulting Inc. and T. Peter & Company Inc. Both Consultants were contracted at the rate of $25,000 per year payable with a one year note payable for $25,000 which bears an interest rate of 15% per annum and is convertible to common shares at the Conversion Price per share of the lesser of .001 or 75% of the lowest closing price for the Company’s stock during the previous 20 trading days.
The notes are in default. The Company has been in contact with the note holders and believes that it will work out a satisfactory resolution.

I'm beginning to think the note is being paid off withh shares being liquidated...