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pwrballl

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pwrballl

Re: ghcnj post# 1690

Friday, 05/11/2007 12:36:49 AM

Friday, May 11, 2007 12:36:49 AM

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Although I'm becoming LESS and LESS! of a fan for PLMA....what you state is COMMON knowledge.

"...Capital Structure: Our latest 10K that was filed showed the Company has 523 million shares outstanding. This increase was from the conversion of preferred shares into common stock. Of the total shares outstanding (523M), approximately 75% of these shares are subject to restriction indefinitely. In fact, only 1% PER QUARTER of these shares can be registered for sale. These shares are held by officers of the Company, no one else..."

It's no secret they can sell 1%!! PER QUARTER.....DUH!

Thanx for ENLIGHTENING! us thou....sheesh!

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