Plateau Mineral Development, Inc. (PMDP)

[johnnierotten]

repeat - NEED 100 BILLION SHARES ?

read the PMDP website

"""There Are a Large Number of Shares Underlying Our Secured Convertible Notes, and Warrants That May be Available for Future Sale and the Sale of These Shares May Depress the Market Price of Our Common Stock.

The number of shares of common stock issuable upon conversion of the outstanding secured convertible notes and series A convertible preferred stock may increase if the market price exercise of our warrants, may be sold without restriction. The sale of these shares may adversely affect the market price of our common stock. """


" MAY BE SOLD WITHOUT RESTRICTION "


"""" The Continuously Adjustable Conversion Price Feature of Our Secured Convertible Notes Could Require Us to Issue a Substantially Greater Number of Shares, Which Will Cause Dilution to Our Existing Stockholders.

Our obligation to issue shares upon conversion of our secured convertible notes is essentially limitless. The number of shares of common stock assumable upon conversion of our secured convertible notes will increase if the market price of our stock declines, which will cause dilution to our existing stockholders.""""

" COULD REQUIRE US TO ISSUE " " ESSENTIALLY LIMITLESS "
" SHARES " " WHICH WILL CAUSE DILUTION TO OUR EXISTING STOCKHOLDERS "


http://plateaumetals.com/investors.html

go to tab noted as "Investors"


------------- is it reasonable to interpret that the DILUTION is ESSENTIALLY LIMITLESS, and stock will be sold WITHOUT RESTRICTION ?


I can only guess or imagine that millions if not billions of shares will be sold - perhaps a HUNDRED BILLION shares


of course like all my posts, not advice to buy or sell a stock
disclosure, i bought, and have been trying to sell since i read the Florida document that i interpret gives them the right to issue 100 Billion shares...

not advice to buy or sell a stock, consult your own stock advisor and make your own decision.