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Microcap & Penny Stocks : PLNI - Game Over -- Ignore unavailable to you. Want to Upgrade?

To: rrm_bcnu who wrote (5924)8/11/2006 8:03:13 PM
From: Jeffrey S. Mitchell  Read Replies (2) | Respond to of 12518
 
In your scenario, the pps has gone from .003 to .01. Anyone who converted $1000 would be getting back $2000. Yet had someone not converted their .003 cost basis shares, they'd be getting back $3000. If PLNI advances this idea, anyone wishing the price will go up would be foolish to participate. Frankly, I don't think you can state any scenario where it would make sense to convert. If there were, it would have been done in droves by now. It's a sucker's game.

- Jeff



To: rrm_bcnu who wrote (5924)8/11/2006 8:44:01 PM
From: Jeffrey S. Mitchell  Read Replies (1) | Respond to of 12518
 
One more thing about your scenario: you base things on a fixed conversion price of .003. What if I had bought 1M shares at .01 ($10K worth)? No matter how you slice it, the most shares I can remove from the float is 1M. By your scenario you are equating my $10K worth to ~3M shares of common, doubling to ~6M shared of preferred. Again, you can't retire what never was.

- Jeff


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