It's a fact that James N. Turek has not disclosed his BANKRUPTCY in any of the PLNI or TBLU SEC filings.
He is President of Plasticon International, Inc. He is the President and CFO of telcoBlue, Inc.
Turek has failed to comply with the requirements of Title 17 below.
Title 17: Commodity and Securities Exchanges
PART 228—INTEGRATED DISCLOSURE SYSTEM FOR SMALL BUSINESS ISSUERS Subpart A—Regulation S-B
(d) Involvement in certain legal proceedings. Describe any of the following events that occurred during the past five years that are material to an evaluation of the ability or integrity of any director, person nominated to become a director, executive officer, promoter or control person of the small business issuer:
(1) Any BANKRUPTCY petition filed by or against any business of which such person was a general partner or executive officer either at the time of the BANKRUPTCY or within two years prior to that time; ...
sec.gov
Turek was a guarantor of certain of the indebtedness of Plasticon, and was damaged and forced into personal BANKRUPTCY due to the actions of the Defendants. Therefore, this damage Turek sustained was separate and distinct from that of Plasticon because Turek lost substantial sums of his own monies and his own personal properties after he was called upon to perform on the personal guarantees of Plasticon's debt. 1
1 All of these facts are attested to by James N. Turek in his Affidavit, attached hereto as 'Exhibit 1.'
Message 22289133
Telcoblue Inc · 10QSB · For 9/30/05
4. RELATED PARTY TRANSACTIONS
On September 20, 2005, Plasticon International, Inc., a Wyoming corporation, (formally Wicklund Holding Company (WHC)), forgave a debt of $140,507 owed to WHC by telco Blue, Inc.
James N. Turek, the President and CFO of telcoBlue, Inc. is also the President of Plasticon International, Inc. and WHC.
The result is an addition to other income in the amount of $140,507 for the period. |
