williamshanshan, page-11

understand William, but if the company has not received the money yet, then it does not make sense to do this issue prior to going to the share holders first. If the share holders do not buy enough, then revisit other options like mr Freedman.
I don't believe that PRR has received any money because it needs share holder approval, why would share holders approve this prior to doing the SPP? doesn't make logical sense.

Shareholders now fully informed of the progress of PRR potential commercialisation not as far away as first thought, they would jump at the $5000 worth of shares.

Then with fortrend as a back up, the company can in 6 months time go once again to the share holders for more money. This way all share holders have the option to participate in the dilution not just one individual.

Current share price is 6.8cents, if the company issues 57,000,000 shares to current share holders at a reduced price of say 5cents it would receive nearly $3m and share holders are happy to continue to support the company.

For instance I hold only options, at 2c to convert I would happily pay $42000.00 to convert my shares and so would other option holders, but not if the shares are being offered at low prices.