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Microcap & Penny Stocks : PLNI - Game Over

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To: Captain James T. Kirk who wrote (5393)7/13/2006 4:30:44 PM
From: Jeffrey S. Mitchell  Read Replies (2) of 12518
 
From the_worm06 research department:

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to give you an idea how bad this is:

Turek received 4.3 billion PLNI shares.

sold 4.1 billion.

lent $7.2 million to PLNI

has forgiven $5.7 million in 2005 for which he received Preferred convertible into 7.3 billion

he now has to receive more preferred shares for the other $1.5 million that was forgiven.

net: Turek has received that equivalent of 11.6 billion common shares, with several billion still owed to him

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Question: How much money was generated from all these sales... and where did it all go?

- Jeff
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