scionist
any of the people who say that the CEO of PLNI, James Turek, was personally guaranteeing acquisition debt of the two recently announced "Privately Financed Acquisitions" should read the details of these bankruptcy cases regarding what his ability to guarantee any significant amount of debt would be. This also goes for the people that say that he is repurchasing PLNI shares with his own money.
By the way, it seems that dun & bradstreet stated that PLNI had only $340,000 in revenues in 2004, yet recent bankruptcy filings show Turek getting paid $25,000 per month...why is this?
Message #66 from scionist at 11/29/2005 6:13:44 PM
02-20411-LMK JAMES N. TUREK
Case type: bk Chapter: 11 Asset: Yes Vol: v Judge: Lewis M. Killian Jr.
Date filed: 05/14/2002 Plan confirmed: 04/12/2005 Date of last filing: 11/16/2005
Pacer report
The docket starts here -
Filing Date # Docket Text
05/14/2002 1
VOLUNTARY petition under chapter 11 [Entered: 05/15/02], [LKD]
RECEIPT No. 41801 , [LKD], ORIGINAL NIBS DOCKET ENTRY #1 Additional attachment(s) added on 2/19/2004 (Gibson, Julia). (Entered: 05/15/2002)
and 42 pages later it ends here -
11/16/2005 348
Debtor-In-Possession Monthly Operating Report for Filing Period October 1, 2005 through October 31, 2005 filed by C. Edwin Rude Jr. on behalf of JAMES N. TUREK (Attachments: # 1 October, 2005 Report). (Rude, C.) (Entered: 11/16/2005) |
