SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : PLNI - Game Over -- Ignore unavailable to you. Want to Upgrade?


To: scion who wrote (233)12/2/2005 1:05:14 PM
From: Captain James T. Kirk  Read Replies (1) | Respond to of 12518
 
scionist,
Spare me all the reading, please state what you are trying to convey?



To: scion who wrote (233)12/2/2005 1:05:32 PM
From: scion  Read Replies (2) | Respond to of 12518
 
Class 18: Unsecured Claims

This class consists of the claims of ten unsecured creditors holding claims in the total amount
of approximately $309,895.23, which claims will be satisfied in full, together with interest at the rate
of 1½% per annum from the Effective Date. Said payments will be amortized over a period of
fifteen years with monthly payments over a period of five years beginning on the first day of the
second month following the Effective Date with a balloon payment of the remaining principal at the
end of the five year period. Said creditors and the amount of their claim are listed as Exhibit “A”.
These amounts may be increased or decreased depending on the value of the secured portion of
claims held by some of the creditors in this class.

Class 19: Administrative Class Unsecured Claims Under $5,000

This class consists of the claims of seven unsecured creditors holding claims in the total
amount of approximately $12,804.00, which claims will be satisfied in full without interest by
quarterly payments for one year, beginning on the first day of the month immediately following the
Effective Date pursuant to the chart attached herein as Exhibit “B”

Class 20: Unsecured Claims Of Debtor as Guarantor of Debts of
Wicklund and its Affiliates or as Co-Debtor/Defendant with Wicklund

This class consists of the claims of seven creditors holding claims in the amount of
$4,793,145.00. With the exception of the Finance Network LLC d/b/a Export Finance Bank
(hereinafter “Export Bank”), whose claim is based on litigation which is stayed as to Debtor and
which is pending as to Wicklund, these debts were created as a result of Debtor’s guaranty of
Wicklund obligations and Wicklund has agreed to the issuance of Wicklund Treasury Stock by
issuing shares numbering approximately two-thirds of the indebtedness owed each creditor (eg. a
$1,500,000.00 claim will receive 1,000,000 shares of Wicklund Stock). Upon confirmation of
Debtor’s Chapter 11 Plan of Reorganization, Wicklund, if not already issued, will issue stock to the
creditors in this class and upon the issuance of same Debtor will be released from any liability to said
creditors. Further, upon the sale of the Wicklund stock, any indebtedness of Wicklund to the
creditors in this class will be deemed satisfied and paid in full. The distribution of stock to members
of this class is in addition to any Wicklund stock previously given as security to a member of this class. A chart indicating said creditors and the amount of stock they are to receive is attached hereto
as Exhibit “C”.
...

IN RE: JAMES N. TUREK, CASE NO. 02-20411-PCY5 CHAPTER 11 Debtor.
...

Dated this 27th day of January, 2005.
/s/ C. Edwin Rude, Jr.
C. EDWIN RUDE, JR.
Florida Bar No. 0157985
322 McDaniel Street
Tallahassee, Florida 32303-6249
Telephone (850) 224-2422
Facsimile (850) 224-0762