Replies to post #16495 on ProElite, Inc. (fka PELE)

[236T568]

SMDI owns preferred stock in PELE which is convertible into 95% of the PELE common stock outstanding.

SMDI consolidates PELE's financial statements into its own financial statements

Considering that SMDI really has no operating business, its 95% ownership in PELE pretty much makes PELE's operating business as the only business that SMDI is involved in.

[BBseller]

SMDI owns 95% of this pig, they are therefore the same, both total crap. Enjoy