ProElite, Inc. (fka PELE)

[236T568]

you do understand where this is the part where current PELE stockholders get diluted 100 to 1, don't you?

Amended Statement of Beneficial Ownership (sc 13d/a) ....stratus/Proelite

ih.advfn.com/p.php?pid=nmona&article=57922352

B. The Company is in the process of attempting a recapitalization (the “ Recapitalization ”) pursuant to which the Company desires to (i) raise capital to restart certain of its operations; (ii) restructure certain of its equity; and (c) extinguish a significant portion of its debt, although no assurance can be given that the Recapitalization will be successful in whole or in part.

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