[PLNI]: 43.8 Trillion Common Shares?

.
.
1. According to the "Issuer Information Statement" filed by PLNI with pinksheets.com, there are 1.0 million Preferred Shares outstanding for PLNI as of June 16, 2006:

https://www.otcstockinfo.com/repository/671/671_FR18.pdf


2. According to the same document mentioned in paragraph #1 above, the 1.0 million PLNI Preferred Shares outstanding can be converted into 7.3 billion PLNI common shares, a 1 to 7,300 conversion ratio.


3. The same document mentioned above and filed with pinksheets by PLNI states that PLNI has 6.0 billion authorized Preferred Shares.


4. During the last two years PLNI has quickly issued common shares in order to reach its authorized share limit: from 2.0 billion to 3.0 billion to 5.0 billion to 13.5 billion (according to the latest figures included in the documents filed by PLNI with pinksheets.com, the fully diluted common shares outstanding as of June 16, 2006 are now 12.3 billion).


5. To the extent that the 6.0 billion PLNI authorized Preferred Shares have the same convertibility features as above, how long will it be before the full amount of the authorized Preferred Shares are issued and how long before these Preferred Shares are converted to 43.8 Trillion Common Shares?


6. Would this fall under the category of "Potential Dilution"?



think about it




__________________________________________