tlongII
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It tells you that he is in fact the manager of Portland Diamond project. And that they do in fact have equity to back up the securities they are proposing to have. That is why it's called a security and exchange notice of exempt offering. Try to keep up here. This id Form D. It is filed federal.That means in Washington DC in case you can't read it. It tells you that it is an LLC (Limited Liability Corporation)
Now if you want me to tell you what Securities he is selling i cant do that because they have not been sold as of yet. But it does seem to me that he is using something as a form of collateral to get leverage.
Again this man has a 3.9 respectability rating out of 4.0 He is not going to pull out and leave a bunch of people hanging if he wants to hold onto his reputation. You do realize what Reputation rating is all about right? Don't look to Donald Trump to show you a good one. It ain't there.
It appears to me that they are looking to raise $6 M.
