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Re: pennyking63 post# 26236

Wednesday, 03/28/2007 12:22:25 AM

Wednesday, March 28, 2007 12:22:25 AM

Post# of 33332
If you observed some of RRM's most excellant DD you will see that that debt was compiled of offerings and warrants far higher than todays measly stock prices.

My read of the offer by PCI and Lexreal is just that. It is their offer to convert to stock at .00011.

Considering that those initial warrants were far higher it is kind of an insulting offer not unlike Death Spiral Finanacing.

An offer is simply an offer. IMHO it would be foolish of PLNI to even entertain such a notion, especially in light of their apparent push to a higher exchange.

The current authorized shares would be no where near enough to even fulfull such a bizare offer IMHO.

I would rather see the company secure financing with their assets to pay down that debt than for the company to enter into such a preposterous offer.

What the hey, if we don't buy the 10 Bil current O/S maybe we will buy in to the 64 Bil O/S blindly cuz the motley crew says it is so.

Not really trying to disrespect you penny but IMHO the 64 Bil O/S is way, way, way out there.

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