Penny Traders Club

[Sobek]

PLAD Reducing almost 90% of their o/s on LOI with hemp company

2 flings out today, found this on page 4

The Company issued 800,000,000 Restricted Common Shares to one Individual. The Company is in the final stages of an acquisition and has entered a Letter of Intent (LOI). As part of the terms of the Agreement these restricted shares will be returned to treasury

This is on the last page

The Company has entered into a Letter of Internet (LOI) with a premier Hemp Company. Once the fifteen (15) day due diligence period is up there will be a final Agreement put in place that will include a name and symbol change to better reflect the Company’s new direction. Also, Mr. Scott Forsythe will resign from all positions with the Company and return all shares to treasury.

http://www.otcmarkets.com/financialReportViewer?symbol=PLAD&id=161132