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[QUOTE]Originally posted by psusnoop: [QB] I just talked with Dominic Yesterday. They are working very closely with the SEC, and Extreme to close the deal. The snag which they knew going into this agreement was that Extreme had there status suspended by the SEC. Here is what I didn't know, the SEC is actually looking into the shell company that Extreme went into agreement with in October 07. Planet and the SEC have concurred that they could work out a deal invloving Extreme which would lift them up and out, clear of this shell company which is being investigated. Extreme is not being investigated at this time or any time in the future. So Extreme needs to make this agreement work for them and their shareholders for the best interest in the company for the future. This is why the 10 to 1 (shares of Extreme to shares of Planet) deal while not ideal for Extreme shareholders, still keeps them involved. Extreme was trading at 0.004 prior to being suspended on the 12th of March. Planet ended yesterday at 0.0007 I think. The shares once converted will NOT be restricted. They will be part of the O/S. I was also told that Extreme just landed another contract with a Division II School for equipment sales. Extreme is moving forward with sales, products, Research and Development, and New Designs. This is a great thing for current PNHL shareholders. All in all, I was very pleased with the conversation that I had with Dominic. He did not and could not give me a timeframe, other then say this is all being done very carefully so to be sure they clear Extreme out of the situation at hand. [/QB][/QUOTE]
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