hiflyer, please see my last post to capn. just before this one about the dilution.
I previously posted that the forgivness of debt by Junior and Bonn were for very favorable stock options. However, the only saving grace here, if the stock continues to tumble, is the 3 for 2 option and at .000x, even that doesn't look so hot.
I also assume that stock issues are intended to be lucrative for the recipient. Once again, as the stock tumbles, so the cookie crumbles.
Loans are the same. At .005 to .01, the loans look pretty good. At .0001, they don't look so hot (that's about $750,000 for his 7.5 billion shares for a loan of almost $6 million.
Right now the stock is worth about $15,000,000. But, he owns the company. He is the chairman of the board and the only board member. Also, the majority stockholder. He can do as he pleases as long as the SEC allows him to do it, registered or not.
So, don't you think it's in PLNI's best interest to do things to get that PPS back up for all of those nice juicy loans and the ability to float more stock at a much better PPS - which will benefit the stockholders also.
Just my opinion.
