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

To: Jeffrey S. Mitchell who wrote (5937)	8/11/2006 10:52:26 PM
From: rrm_bcnu	Read Replies (2) \| Respond to of 12518

In a normal tender the company will ask that the holder tender their shares for a dividend or fixed compensation. In this case PLNI has no cash. The only way to "buyback" the shares is to defer conversion and guarantee a conversion rate as the dividend or fixed compensation. In reality, shareholders would be loaning PLNI the money to "buyback" the shares for the guarantee one year later of 100% ROI. If the share PPS were to drop below the tender PPS, then the company would take it out of treasury. The reality is that, as Howe said, they contemplate a second buyback after hitting the OTCBB if the number of shares is still too large. It is the only thing that makes sense with what he stated.