Replies to post #17399 on ProElite, Inc. (fka PELE)

[BBseller]

do we understand yet that the company is going to dilute the living piss out of everyone? 1B Authorized shares to be exact. Not to mention poor revoked and zeroed PELE only owns 5% of SMDI.
Cheers to the scumbags Monayhan, Feller and friends! All the while those scumbags took 20k a month or more for persuading investors to give them money in this joke. Be very wary of ANYTHING Paul Feller says because he's been caught lying many many times (and been sued for it) What kind of company still employs a fraud like that? This one!!




. 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.