State, you see that statement in a lot of "Forward" statements. It's not an exclusive to PLNI. They don't always issue stock even when they say they will. For PLNI, I see no practical alternative that is apparent to us outsiders. Maybe JT can find an angel (outside investor).
That's kinda like the "buyback" thing. A lot of companies say that they are planning a buyback and, statistically, most either buy a small amount or none at all. I just read a piece about that in Motley Fool.
IMHO, if that's what it takes to make PLNI profitable in the longer run, from a pure business prospective, I say go for it.
Remember that the primary job of any business is to continue and be profitable. The stockholders are not the primary consideration of any corporation, but do benefit if the business is successful and the stock value increases from an equity and earnings standpoint.
Of course, this is all conjecture and I wish I could lay some real news out here. I am awaiting the second quarter results. I think we need a full year of quarter by quarter results to begin to define the business plan and the prospect for a successful business or not.
Just my opinion.
