I don't know how it works on the shares from the company. I have been told in PM's from many reliable sources that they received many many shares. I don't know about all of the restrictions on those, we are talking about penny land though, who is going to notice.
If this were the big board we would prob be short a couple of investors right now due to the SEC.
I hope for the honest people that did invest here that the SEC does not stop trading on PPBL, at least give them a chance to get some of their money back, I see it just keeps nosediving though.