Replies to post #17901 on Profitable Developments, Inc. (PRDL)

[Realityhurts]

It does look pretty good. 110 mil for a mil. They're figuring a basis of .009 and change it appears. I wonder if it's just collateral or exactly how it's set up. I know one things for sure, if I loaned out $1,000,000 using 110 million shares as collateral, I sure wouldn't sell those shares for less than .009. It just wouldn't make sense. I'd want in the pennies for those shares. Who knows what the deal is though. The AS doesn't give room to hand over any more though. Yet. And folks forget, if they handed over the shares, it means that Eric has a million bucks to start implementing his buybacks, Ir, and aquisitions. Perhaps he is gonna use the mystery shares for an aquisition. Who knows. I have no idea what the terms for these agreements are but it does seem to be pretty good at face value. I guess we'll see what happens, be it for the good or bad. I'm holding and I have been. No shares are coming from me at these levels. GL~

[texasholdem]

I can't see that happening...100mil sthg for 1mil line of EQUITY credit ..nope ain't gonna fly. Possibly backed up by some real estate and 100 mil shares but I don't think this is the whole enchalida...

[rheddle]

It was when I found out today from the TA that the OS was 494 million and the AS was 495 million that I felt compelled to track Eric down. I just didn't like the two scenarios that came to mind:

RS or increase the AS for the funding.

To hear that he canceled shares of his own in exchange for the funding is very encouraging IMO and I am sure there are plenty of details that he couldn't explain on the phone that he expects will be PR'd next week along with the other stuff in my original post.

R

[xyz1002]

as per my math the investor received 170M shares. Current OS 494M minus previous 324M