Spoke with SEC. I just spoke with an SEC rep. who told me (in answer to an e-mail I sent a week ago) that any public company who has 500 shareholders and assets worth $10,000,000.00 (regardless of the liabilities against the assets) MUST become an SEC (audited) filing corporation. He said that, based on PLNI's own statements indicating (on pinksheets) that they had 5000 stockholders, that according to their most recent statement (published financials) that they have purchased patents and equipment appraised at over $20,000,000.00, that they should be required to be an SEC registered filing corporation.
Given this information that was published by PLNI, he suggested that I send an E-Mail to the enforcement division of the SEC and ask them to look into it.
I am going to send an e-mail inquiry to "enforcement@SEC.gov" as soon as I verify with pink sheets that the information about the number of stockholders was given to them by PLNI.
I asked about the timeframe they had to begin their filing but he didn't know. He said that the enforcement division would know
I will write more when I know more.