Platinum Research Organization, Inc.(fka PLROQ)

[oreo932]

Good thing, bad thing, I'm not sure. Seems to be a couple of ways to look at this. Since they have to pay fees (token at best) based on I believe a 5 day average of the high price, IF they think it will go up significantly then it was a good time to register these shares for sale. Unfortunately the company will not benefit as much as the stockholders. From the newest filing...
All of the shares of common stock being offered under this prospectus are being sold by the selling stockholders, and this prospectus has been distributed solely to permit the selling stockholders to do so. The Company is not offering shares of its common stock for sale, and, accordingly, it will receive no proceeds from the resale of these shares. However, the Company will receive proceeds, in the amount of the exercise price of the warrants, for shares of common stock issued upon exercise of the warrants. Assuming exercise of all warrants at the initial exercise price, the gross proceeds to the Company from the exercise would be $650,000. We intend to use any proceeds from such exercise for working capital and general corporate purposes.....................................
So that would put $650,000 max into the corporate coffers (to pay salaries? ;))
And the amount of shares does not seem to excessive compared the the total possible shares available (400 million I believe)
Anyone one w/ more knowledge and clarity please speak up.