fynley, about all I can say about that at this time is that PLNI seems to be going forward, JT seems to be complying with Pink Sheets and the SEC and I have no idea, that I can say as fact, what he plans to do in the long run.
Speculation is easy. Maybe another acquisition, maybe cash needs, maybe restructuring the common in favor of Preferred (A-see rrm's post) that has no voting power but usually carries a premium payment to the holders as spelled out on the stock (articles). Maybe he just wants to have a backup in case. I could go on but it's all speculation. Anyone's guess would be at least as good as mine.
Hopefully, as the company develops, history won't repeat itself and the financials will become timely. Hopefully, PLNI will become an SEC registered company very soon and then I think that that will happen as a matter of course.
I'm waiting to see what happens in the second quarter. I think that that could be one of the best indicators of future events that we will have in the near future. What happened, happened. What will happen is yet to see. I believe that JT is building a viable corporation. It will never be a Google or Microsoft but it could make a lot of folks some bucks.
The PPS has risen from .0024 to .0035 which is good from all investors prospectives except those who have naked shorted below the current level. I am waiting now to see what the drawback does and if it doesn't flop, I'll buy back in somewhere around .003 or so. Otherwise, .003+.
Good luck and I hope the PPS goes to the MOOOOOOON!!!!
This is all my opinion and should not be relied upon for any investing of any type by anyone other than myself.
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