They reduced debt to one by switching it to another and issuing almost 400 mil more shares. On top of that, they have reserved 2.2 bil shares for the new money they brought in and most were converted at .001, no wonder there were so many shares to buy. People got told to buy at .002-.005 and what a bargain they got when the toxic debt holders were pocketing 100-500% profits. Pretty ugly. And guess what, PLSB had 25k in the bank for all that work and 57% reduction in sales. They planned it that way--genius management to increase shares from 252 mil to 633 mil, lower sales and no cash in bank. What do you think will happen with 25k left in bank after getting all that money??? YEP, raise more money with hybrid financing. Lol. Hybrid financing , new term for toxic debt. Sounds like they admit right up front they are making a distribution of shares without risk to investors... doesn't seem right if you know the regs imho
