During 2005 and 2006, the Company has received approximately $7,000,000 of financing from LexReal to primarily fund the acquisition (see Note 2) and to settle the common stock commitment of $2,645,788. The Company has committed to convert the debt financing to common shares. The shares will be issued in 2007 at the option of LexReal.
This is what you don't seem to be grasping AT ALL.
Show me where PLNI stated the "subscribed price" of any of the deals..
Either with Lexreal,PCI, or with the unnamed vendor that is owed $400k in subscribed stock.
