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

To: shortsinthesand who wrote (5941)8/12/2006 3:51:11 PM
From: VultureBuyer  Respond to of 12518
 
No matter how they slice it and dice it (the shares, that is), the company has been running an effective market capitalization of about $25 to $30 million dollars. Fully diluted now it's 13 plus billion shares of common; way to many for a prominent market.

Bottom line; 1) to make the company to be major exchange "list-worthy" they have to do a reverse split, and 2) the market doesn't trust the dilution anymore, so to increase market cap they will need to increase retained earnings.



To: shortsinthesand who wrote (5941)8/12/2006 10:08:17 PM
From: rrm_bcnu  Respond to of 12518
 
Who, then, WOULD benefit from doing this? I guess the question is moot until we read the offer. Forget I asked.



To: shortsinthesand who wrote (5941)8/14/2006 12:48:08 PM
From: Papa Midnight  Read Replies (2) | Respond to of 12518
 
Shorts how r u doing buddy?

What do you do for a career, since you are on the boards all day long?


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