I wonder why Turek refused to answer questions about the patents at the 'Meeting of Creditors on June 27, 2007'. He had already said -
"Our patents were recently valued at $16 million, and were validated by the federal courts of the United States.".
Presumably there is a record of that validation "by the federal courts of the United States" somewhere. He could simply produce it in evidence.
j. At the Meeting of Creditors on June 27, 2007, James N. Turek, Sr., refused to answer several questions including but not limited to:
(1) who owns the patents that Debtor Pro Mold uses in its daily operations? and
(2) who has a lien on the patents that Debtor Pro Mold uses in its daily operations?
k. The Meeting of Creditors was concluded by the Office of the United States Trustee.
Plasticon Takes Major Step Forward in Transition From Pink Sheets to OTCBB
President and CEO Jim Turek Announces That Audit of All Company Financials Will be Completed in Four Weeks
LEXINGTON, Ky., May 18, 2005 (PRIMEZONE) -- Plasticon International Inc. (Pink Sheets:PLNI) today announced that it has come one step closer in the company's transition strategy to move from the Pink Sheets to the OTCBB. An audit of all company financials will be completed in four weeks.
"This audit is an important milestone in terms of demonstrating to our shareholders and the public that we are serious in our goal of moving the company forward," said Jim Turek, President and CEO of Plasticon International, Inc. "We are pleased to announce that we are four weeks from a completed audit. Upon completion, we will immediately be filing the necessary documents with the SEC to become fully reporting."
Plasticon International, Inc., which is the sole owner of a patented line of recycled plastic rebar supports, among other products, has recently expedited its efforts to get back on the OTCBB. We just feel that the time is right," Mr. Turek said. "We are operating right now from a position of strength. We have a clear technological edge over our competition. Plasticon has little to no debt. Our patents were recently valued at $16 million, and were validated by the federal courts of the United States. We just launched a new marketing campaign which is successfully communicating our story to our customers and investors. We also signed an exclusive distribution contract with the largest building materials distributor in the United States, which gives us a fantastic opportunity to rapidly expand our customer base."
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