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To: Glenn Zagoren who wrote (39816)4/2/2001 9:52:53 AM
From: Roy F. Baker  Read Replies (1) | Respond to of 40688
 
Good Morning Glenn, I came on today to make sure every one was aware of my little April Fool joke yesterday and to state that I thought the exchange between you and Icecube was good for everyone else. I saw a passion from both and since I personally know you both, I felt compelled to state to you that I believe Icecube is mis-judged by some and that he is a studious and intelligent stock follower who has always been honest, sometimes to the point of seeming like a basher.
Furthermore to Icecube, I would like to state that Glenn told me on August 4th last year that he thought that in the second quarter of this year is when revenues would pick up and PNL would become a revenue producer.
I'm sure none of us felt the stock would slip this far; but the reality of the overall market couldn't hide the lack of revenues.

Thanks for your continued efforts,
Roy



To: Glenn Zagoren who wrote (39816)4/2/2001 9:52:59 AM
From: Scott H.  Read Replies (1) | Respond to of 40688
 
What does up to 5 million mean? Who decides if PNLK gets 5 million or $5,000 or zero? At what terms do you get the money? How much more dilution will occur as you access the funds

And how about having an investor conference call to answer the questions Ice Cube posed? They are all certainly valid questions that any investor deserves to have answered.



To: Glenn Zagoren who wrote (39816)4/2/2001 12:20:19 PM
From: Ice Cube  Respond to of 40688
 
GZ, I will read the filing before I comment of the press release.

Did you know Malko? Did JPC know Malko?

Let's start there. After that why don't we get into who Malko is and what he did for PNLK. And after that, just who are these people from day one that got all this stock?



To: Glenn Zagoren who wrote (39816)4/2/2001 7:04:07 PM
From: Ice Cube  Read Replies (1) | Respond to of 40688
 
GZ,

Who is Malko? He is back in Paris now isn't he?

Then we can start on STEN.



To: Glenn Zagoren who wrote (39816)4/4/2001 7:05:25 PM
From: Ice Cube  Read Replies (2) | Respond to of 40688
 
Glenn, you have signed an "equity line". Correct me if I am wrong. So, isn't this how it basically works......

You "put" stock to the funder, they get it at a slight discount to the lowest bid price over a period of time and then they sell it into the market? They don't have to sell it, but isn't that what they do to protect their profit? I know of many of these equity lines, swartzllc.com
Swartz LLc being the big one right now.

The funder needs certain volume minimums in order to sell their stock into the market and not degrade the price. The bottom line of all this would be that the company is using a methoid to raise money by having someone else sell the stock into the market and PNLK gets most of the proceeds. As long as there are people who will buy the stock that your funding source is selling, you can raise money. If the volume is not there, no money.

Many BB stocks have resorted to this type of funding. Look around and you will come up with a list, they all put out PR's announcing $5, 10 or even 30 million financings. The trick here is that you need to PUMP the stock and get a bunch of volume going in order to raise any substantial amount of money.



To: Glenn Zagoren who wrote (39816)8/12/2001 3:58:42 PM
From: Riz.  Read Replies (1) | Respond to of 40688
 
we're coming, just hang tight glenn!



To: Glenn Zagoren who wrote (39816)5/15/2002 12:41:53 AM
From: flippity-flop  Read Replies (1) | Respond to of 40688
 
You #$#$ #$#$ filthy pig.

Hopefully, this District Attorney will put your fatass in jail for the scam you helped pull off like he is doing to these 4 guys. Of course your fraud was what maybe 40 million bucks? 50 million bucks?

Basically, I forgot, but you still managed to swindle folks out of their retirement accounts, college accounts for kids. Yes, I know, they shouldn't have been using this money in the first place, but you were so slick in the manner in which you suckered them in. I hope you know there is a certain place inhell reserved for you.

Traders Charged in $600 Million Fraud

May 14 5:02pm ET

NEW YORK (Reuters) - The U.S. Attorney for the Southern District of New York and the FBI on Tuesday announced the arrest of four metals traders on charges of running a global fraud scheme that cost major commercial banks between $600 million and $1 billion.

According to the complaint unsealed at the U.S. Attorney's office in Manhattan, the four conducted the scam through New Jersey metal trading companies Allied Deals Inc., Hampton Lane Inc. and SAI Commodity Inc. and London-based RBG Resources, which is a company run by the brother of one of the four.

The complaint charges that since at least May 2000, the defendants and other co-conspirators stole hundreds of millions of dollars in loan proceeds from JP Morgan Chase and Co, Fleet National Bank, PNC Bank NA, KBC Bank NV, Hypo Vereins Bank NA, Dresdner Bank Lateinamerika AG, China Trust Bank, General Bank and other banks around the world.

The four arrested were Narendra Kumar Rastogi, 47, chief executive of the trading companies, Anil Anand, 39, chief financial officer, Manoj Nijhawan, 43, deputy general manager of Allied Deals and Udhay Shankar, 27, former treasurer of Allied Deals.

They were charged in a criminal complaint with conspiracy to commit bank fraud, mail fraud and wire fraud.

"That conduct includes outright falsification of documents and a complex scheme to cover up fraud of astonishing scope and magnitude," James B. Comey, United States attorney for the Southern District of New York, said.

"This office will work closely with the FBI, the Federal Reserve Bank of New York and our British counterparts to protect the integrity of financial institutions and vigorously prosecute criminals who seek to undermine the financial systems worldwide," Comey added.

The defendants were to go before Judge James C. Francis in Manhattan federal court on Tuesday.

If convicted, the defendants each face a maximum sentence on the conspiracy count of five years' imprisonment and the greater of a $250,000 fine or twice the gross gain or loss.

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