Whale Team

[mightymoe]

most people didn't pay attention but all the notes that co used to pay of debt recently.. and finance the ops.. have been done under "private placements" .. so they are all restricted for public resale for at least one year under reg D:
https://www.sec.gov/fast-answers/answers-rule506htm.html

this pic is taken from page 25 of of the PLSB quorter reports..
everything that was sold recently is RESTRICTED..

Can you imagine the FREE trading Float standing here??.. on a less then 600 mils OS with lots of notes converted and held as restricted??

must be super super LOW.. no wonder it moves so easy with a bit of buying pressure that takes all those cheap flips out.. and yes PLSB had a bad shorting problem.. and is documented.. :((

https://www.sec.gov/fast-answers/answers-rule506htm.html

Rule 506 of Regulation D
Rule 506 of Regulation D is considered a "safe harbor" for the private offering exemption of Section 4(a)(2) of the Securities Act. Companies relying on the Rule 506 exemption can raise an unlimited amount of money. There are actually two distinct exemptions that fall under Rule 506.

Under Rule 506(b), a company can be assured it is within the Section 4(a)(2) exemption by satisfying the following standards:

The company cannot use general solicitation or advertising to market the securities;
The company may sell its securities to an unlimited number of "accredited investors" and up to 35 other purchasers. Unlike Rule 505, all non-accredited investors, either alone or with a purchaser representative, must be sophisticated—that is, they must have sufficient knowledge and experience in financial and business matters to make them capable of evaluating the merits and risks of the prospective investment;
Companies must decide what information to give to accredited investors, so long as it does not violate the antifraud prohibitions of the federal securities laws. But companies must give non-accredited investors disclosure documents that are generally the same as those used in registered offerings. If a company provides information to accredited investors, it must make this information available to non-accredited investors as well;
The company must be available to answer questions by prospective purchasers; and
Financial statement requirements are the same as for Rule 505.
Under Rule 506(c), a company can broadly solicit and generally advertise the offering, but still be deemed to be undertaking a private offering within Section 4(a)(2) if:

The investors in the offering are all accredited investors; and
The company has taken reasonable steps to verify that its investors are accredited investors, which could include reviewing documentation, such as W-2s, tax returns, bank and brokerage statements, credit reports and the like.
Purchasers of securities offered pursuant to Rule 506 receive "restricted" securities, meaning that the securities cannot be sold for at least a year without registering them.

Companies relying on the Rule 506 exemption do not have to register their offering of securities with the SEC, but they must file what is known as a "Form D" electronically with the SEC after they first sell their securities. Form D is a brief notice that includes the names and addresses of the company’s promoters, executive officers and directors, and some details about the offering, but contains little other information about the company. If you are thinking about investing in a Regulation D offering, you should obtain a copy of the company’s Form D available from the EDGAR database.

You should always check with your state securities regulator to see if it has more information about the company and the people behind it. Be sure to ask whether your state regulator has cleared the offering for sale in your state. You can get the address and telephone number for your state securities regulator by calling the North American Securities Administrators Association at [phone] or by visiting its website . You’ll also find this information in the state government section of your local phone book.

For more information about the SEC’s registration requirements and common exemptions for small businesses raising capital, read our brochure, Small Business & the SEC. For more information about Regulation D offerings as an investor, see our Investor Bulletin

http://www.otcmarkets.com/stock/PLSB/short-sales
Reg SHO & Rule 4320 Status
Date
Reg SHO Threshold Flag
Rule4320 Flag
Jul 18, 2017 Yes No
Jul 17, 2017 Yes No
Jul 14, 2017 Yes No
Jul 13, 2017 Yes No
Jul 12, 2017 Yes No
Jun 15, 2017 Yes No
Jun 14, 2017 Yes No
Jun 13, 2017 Yes No
Jun 12, 2017 Yes No
Jun 9, 2017 Yes No
Jun 8, 2017 Yes No
Results Per Page
Did You Know?
Reg SHO and Rule 4320 threshold lists notes if there have been 'excessive' fail to delivers for the respective security.
More Information on Reg SHO and Rule 4320