That proof was already readily available in the 10-K filed by PLNI but he must have missed it.
Like I told RRM, PLNI acquires you, promises the world, then screws you. You want proof? Here's proof:
10-K 1 plni0410k.htm PLNI 10-K, DEC. 31, 2004
Note 4: NOTES PAYABLE
On September 24, 2002 Laser Engineering entered into a legal judgment case No. 01-2209-BKC-RBR-A against the Company for debt still owed by the Company to Laser Engineering in the amount of $625,000. As of December 31, 2004 and 2003 the Company was liable to Laser Engineering in the amounts of $625,000, respectively.
All the above notes payable are currently due as a result of non payment and default as of the year ended December 31, 2004.
sec.gov
Notice the difference in the 10-K compared to the 10-QSB versions -
All the above notes payable are all currently due and payable as of March 31, 2005 and December 31, 2004, respectively.
On September 24, 2002 Laser Engineering received a legal judgement, case No. 01-2209-BKC-RBR-A, against the Company for debt owed by the Company to Laser Engineering in the amount of $625,000. During the six months ended June 30, 2005, the Company entered into a settlement agreement with Laser Engineering whereby the Company recognized income as a result of forgiveness of debt by Laser Engineering in the amount of $440,000. As of June 30, 2005 and December 31, 2004 the Company owed a balance of $185,000 and $625,000, respectively to Laser Engineering.
All the above notes payable are all currently due and payable as of June 30, 2005 and December 31, 2004, respectively. |
