Ann: Update - Proposed issue of securities - PIL, page-3

I got mine a while back but also decided against the options, instead using the money to buy on market at $0.013.

At first I was thinking the CR seems to have been a bad one, as the options were definitely a fizzer.

However, they pulled off managing to raise $5 million at 2 cents per share. This is an amazing feat considering we spent most of the prior 6 months well below 2 cents and are back down well below now.

Speculative stocks are down across the boards but I think we're in a good position to bunker down and wait for news. Could have been much worse- could have been raising at 1 cent this week.