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Microcap & Penny Stocks : PLNI - Game Over
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To: Captain James T. Kirk who wrote (4286)5/14/2006 5:37:40 AM
From: shortsinthesand  Read Replies (1) of 12518
 
Captain... on another note...

re:There is no way from my perspective that real world numbers add up here to a growing, profitable company that can offset the growing dilution.

I still belive that PLNI generates income by selling the stock, its existance as a product manufacturing and sales company is irrelevant. This is what I think is the dirty little secret they do not want anyone to know.

Capt.. its no longer a secret... It was completely reveled in the recent 10Q filed for Wickland by PLNI. That was Tureks admission of guilt in writting.

It is because Turek uses outfits like Green baron, stockprowler, and big apple and pays them in stock that Pink sheets and TDameritrade black listed him. Pink sheets is cracking down on companies that use paid in stock promotions through email blasting and third party compensation and I love it.

Worm06 said it best in this statement by him:

Pay attention as Paid Promoters begins the campaign to justify $72.5 million in stock paid for services and other expenses by PLNI in 2004 as per the 2004 10-K recently filed with the SEC by PLNI. There is no justification for this amount of stock to be paid for services and other expenses by a company with zero revenues and 2 employees in 2004.
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