Quote Originally Posted by steve fleming View Post
Hi Percy,

Yes, i noticed that note in the AR.
Looks as though Rapini subscribed to the majority (600,000 of 1,025,000) of the convertible notes issued by PGC earlier this year.

I beleive that PGC is purchasing the business assets of Rapini from Rapini P/L, so after the acquisition completes, I would think that Rapini P/L will hold 2,275.000 convertible notes (600k + 1,675m).
Steve,
Thank you for your reply.I think it is very positive that the sellers of businesses to PGC,are prepared to accept PGC shares as part payment.It is even better that they want to hang on to them.
The fact that Rapini brought into PGC,before PGC brought Rapini ,shows to me they respect each other and know l each other"s businesses well.
Also thanks for your replys on other threads.