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Microcap & Penny Stocks : PLNI - Game Over

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To: Captain James T. Kirk who wrote (4781)6/13/2006 9:21:14 AM
From: shortsinthesand  Read Replies (1) of 12518
 
captain.. here's a question for you in this PR from James Turek the CEO of Plasticon dated August 24,2005 the CEO stated he was retiring 200 million shares and commencing an aggressive buy back program? To reduce the outstanding shares?

Consequently he increase the AS two times to 5 billion then to 13.5 billion and increased the OS to over 5 billion last report!

Would you consider this a lie and fraud by deceit to sell shares?

biz.yahoo.com

LEXINGTON, Ky., Aug. 24, 2005 (PRIMEZONE) -- Plasticon International Inc. (Other OTC:PLNI.PK - News) is pleased to announce that their Board has approved the retirement of 200 million shares, the first step in a process designed to decrease the total outstanding shares and increase shareholder value.

Mr. Turek added that Plasticon International is committed to a program designed to enhance shareholder value through a comprehensive strategy, starting with this initial retirement. As a part of this restructuring strategy, the Company plans to undertake a buy back program for still additional outstanding shares.
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