Replies to post #17398 on ProElite, Inc. (fka PELE)

[Hole shot King]

this is for Stratus stock to get Pro going as they stated in a filing so they don't have to cash out proelite IMO they will save that for smdi

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



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.

http://www.otcmarkets.com/stock/SMDI/filings