Penny Traders Club

[Sobek]

This just posted on the PLAD board, does look tempting

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125724057

That is the most interesting part of this....

Item 4 Issuance History
The Company issued 80,000,000 Free Trading Common Shares to Ian Reed DBA Investor
Development. The Company has a verbal agreement from Mr. Reed that the shares will be
returned to treasury.
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

If you have followed this the company issued 890mm only this last month...prior the outstanding had been about 7mm

It is a little confusing - the issued was always high...but the OS and float was low.
But to credit of mgt they release the following comment

Private Placement Memorandum
PLAD, Inc. will be offering a Private Placement Memorandum to Accredited Investors to raise funds for
the Company. Management feels this is the best way to raise funds so its shareholders will not be diluted.
The Company has no current plans to raise funds using Free Trading Shares. The Company will use funds
raised to develop additional products, acquire additional subsidiaries and help grow the Company to
increase value.
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.