Ann: Shelf Registration Statement (Form S-3), page-7

Here is the definition of Form S-3 and its utilisation in legal term:

Here is the breakdown that I could find and make sense to retail investors like us:


In the US, PLL's market Cap is classified as a penny stock.
This PROSPECTUS gives PLL the right to issue offering anytime they want, given that they meet the requirement in this prospectus.

Bottom lines, legal paper works blah blah blah....

P.S good to know how PLL has used funds received through issuing offering
FYI: every single US Co must register this form with SEC.

I hope this would clear up any confusion.

DYOR