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Wednesday, June 20, 2012 3:49:48 PM
I asked Mr. Scalise directly about his plans for PLBI, and here is what he had to say. This clears up a lot of uncertainties and questions as to why ETGG was chosen over PLBI:
"PLBI needs some work and expenditure to bring it current on OTC---the process was underway as I had laid out money to clean up the state filings, had to pay a large transfer agent bill etc. But was led to believe from the parties I purchased the shell from that it had a float of only a little over one million shares. Once I paid the transfer agent and got the shareholder list I learned the float was 140M shares. That led to me switching to ETGG. I am investigating some of the current shareholder base of PLBI and more specifically the last management team that was in place in 2009 which control about 350M of the 470m outstanding shares in an attempt to recoup those shares. If successful I will then look to take the necessary steps to bring PLBI current and place an operating entity within. With all I have going on with ETGG at this time I cannot currently place a timeframe for any significant activity within PLBI."
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