Replies to post #101863 on Profitable Developments, Inc. (PRDL)

[uksausage]

I would wait for someone to report from conversations with John. He may not give all the details over the phone but the principle should come clear.
One reading is that he is doing a small R/S (3 old = 1 new) (effectively tripling the number available) plus a big increase in preferred shares which I guess he is using to finance the operation backed up by a term that converts x new preferred into 10x or whatever newly priced and available standard shares.

So if that is the case he isn't diluting the stock immediately just using it to secure preferred share financing which when it starts delivering the $10m a year from the JV will seem to be the deal of a lifetime.