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Wednesday, February 26, 2014 4:28:27 PM
Ill ask basu a bit about it see if she resounds
The immediate funding is for up to $50,000 of convertible debt which will be used to finance company development and of this $30,000 has already been received. The funding commitment calls for $35,000 in funding every 10 business days, the lender also agrees to pay all legal, accounting, audit and OTCQB listing fees. Up to an additional $440,000 of funding will be provided for marketing and company development once certain milestones are attained. This includes a unique milestone which triggers when PPJE's stock price improves to .01 and other milestones when each phase in the S1 filing process is achieved. When the SEC registration becomes effective, an additional $10,000,000 in funding has been offered.
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