I doubt there were restrictions on the share transfer....when you need cash and have no collateral or products and poor history, you are at their mercy.....that's why he is so desperate to get news out ( Facebook / Twitter/ Smoke signals / Sky Writing / Anything )...if the volume dries up now, he is screwed because it will go to no bid even faster this time.
Mastiff is not a loan company and would have no reason to just "lend" money to PRPM. They supply funding in exchange for a piece of the action and once the sale price of the stock is higher than effective acquisition price then they would sell the shares. In a risky pink stock a quick profit (pump and dump) is usually taken by a funding company. They can do the same thing over and over via the "funding" routine. Good idea to check on who are the principals behind Mastiff. Another way to avoid the restrictions on selling shares by the management of a company (PRPM). Once shares have been issued to Mastiff they could not be prevented to sell them, without a new class of shares being created. All the rules state that shareholders should be notified of the details of any such transaction. Even in OTC pink stocks this has to be noted in the quarterly reports.
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