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Microcap & Penny Stocks : PLNI - Game Over -- Ignore unavailable to you. Want to Upgrade?


To: downdraft who wrote (871)12/18/2005 10:28:06 PM
From: scion  Respond to of 12518
 
Awwwwww...

Then maybe you can answer someone else asking the questions about Turek's Chapter 11 and the $4.7 million in shares being doled out to creditors for personal debt.

It'll be your way of contributing something of interest instead of petty insults.



To: downdraft who wrote (871)12/18/2005 10:30:09 PM
From: scion  Respond to of 12518
 
$4.7 million and Stock Dilution

$4.7 million

That is the amount of unsecured claims in the bankruptcy case for James Turek, the CEO of PLNI, listed below.

This is from the Third Amended Reorganization Plan that is included in the public court documents. It also states that PLNI will issue treasury stock to satisfy the $4.7 million in unsecured claims. It states that the PLNI stock will then be sold by the creditors.

Does anyone know the amount of PLNI stock that was issued by PLNI in order to satify these claims?

Has the PLNI stock been issued yet or is it planned to be issued in the near future?

FROM PACER:

U.S. Bankruptcy Court
Northern District of Florida (Panama City)
Bankruptcy Petition #: 02-20411-LMK

Assigned to: Judge Lewis M. Killian Jr.
Chapter 11
Previous chapter 11
Voluntary
Asset
Date Filed: 05/14/2002

JAMES N. TUREK
3166 CUSTER DRIVE
SUITE 303
LEXINGTON, KY 40517
SSN: xxx-xx-0382

Debtor represented by
C. Edwin Rude, Jr.
C. Edwin Rude, Jr. Attorney at Law
211 E. Call Street
Tallahassee, FL 32301-7607
850-222-2311
Fax : 850-222-2120
Email: edrudelaw@earthlink.net

United States Trustee
110 E. Park Avenue
Suite 128
Tallahassee, FL 32301
850-521-5050

U.S. Trustee represented by
Charles F. Edwards
Office of U.S. Trustee
110 East Park Avenue
Suite 128
Tallahassee, FL 32301
850-521-5050
Fax : 850-521-5055
Email: charles.edwards@usdoj.gov

02/23/2005 286 Third Amended Chapter 11 Plan As Restated Filed by Debtor JAMES N. TUREK (RE: related document(s)197 Chapter 11 Plan, ). (Attachments: # 1 Exhibit A# 2 Exhibit B# 3 Exhibit C)(Rude, C.) (Entered: 02/23/2005)

myturl.com



To: downdraft who wrote (871)12/18/2005 10:32:06 PM
From: scion  Respond to of 12518
 
02-20411-LMK JAMES N. TUREK
Case type: bk Chapter: 11 Asset: Yes Vol: v Judge: Lewis M. Killian Jr.
Date filed: 05/14/2002 Plan confirmed: 04/12/2005 Date of last filing: 12/12/2005

45 CREDITORS

Creditors

* AMY W. MALONE
FOR DAIMLERCHRYSLER SERVICES
200 JEFFERSON AVE STE 1450
MEMPHIS, TN 38103 (cr)

* DOUGLAS L. SMITH FOR
KENTUCKY BANK
PO BOX 70
PANAMA CITY, FL 32402 (cr)

* ERIC N. ASSOULINE FOR
THE FINANCE NETWORK LLC DBA EXPORT
420 S DIXIE HWY STE 2-M
MIAMI, FL 33146 (cr)

* IOS CAPITAL LLC
BKCY ADMINISTRATION
PO BOX 13708
MACON, GA 31208-3708 (cr)

* JAMES M. DONOHUE FOR
STOLL KEENON & PARK LLC
PO BOX 391
TALLAHASSEE, FL 32301 (cr)

* JAMES M. DONOHUE FOR
COMMUNITY TRUST BANK, N.A.
PO BOX 391
TALLAHASSEE, FL 32302 (cr)

* JERRY W. GERDE
FOR PEGGY BRANNON TAX COLLECTOR
239 E 4TH ST
PANAMA CITY, FL 32401 (cr)

* KATHRYN A. WILLIAMS
FOR NATIONAL CITY BANK
323 W. LAKESIDE AVE.
CLEVELAND, OH 44113-1099 (cr)

* PETER MAX FALLON
FOR EASTERN SAVINGS BANK
8901 N ARMENIA AVE
TAMPA, FL 33604 (cr)

* SANNIE OVERLY FOR
KENTUCKY BANK
6 E 4TH ST
PARIS, KY 40361 (cr)

* STEVEN L. APPLEBAUM FOR
EDGEWATER BCH RESORT COMM ASSOC
PO BOX 9454
PANAMA CITY BCH, FL 32417 (cr)

*KENTUCKY BANK
SANNIE OVERLY
6 EAST FOURTH STREET
PARIS, KY 40361 (cr)

*NATIONAL CITY BANK
CO PETER MAX FALLON
9204 KING PALM DRIVE
TAMPA, FL 33619 (cr)

BANANA REPUBLIC
Returned Mail 6/23/04 -
Ntc of Status Conf dtd 6/8 (cr)

BANK ONE FINANCIAL SVCS INC
P O Box 2071
Milwaukee, WI 53201-2071 (cr)

BP/AMOCO
PROCESSING CENTER
DES MOINES, IA 50360-6600 (cr)

CENTRAL BANK & TRUST CO.
CO JOHN A.COMBS
250 W. MAIN STREET
LEXINGTON, KY 40507 (cr)

CENTRAL BANK VISA
300 WEST VINE ST
LEXINGTON, KY 40507 (cr)

CITIBANK - BP/AMOCO
PROCESSING CENTER
DES MOINES, IA 50360 (cr)

COLUMBIA GAS OF KENTUCKY
2001 MERCER RD
LEXINGTON, KY 40511 (cr)

COMMUNITY TRUST BANK
P O BOX 2947
PIKEVILLE, KY 41502 (cr)

DAIMLERCHRYSLER SERVICES NORTH AM
JOHN G. BIANCO,III
P O BOX 800
TAMPA, FL 33601 (cr)

DENNIS JOSLIN CO.
P O BOX 1168
DYERSBURG, TN 38025 (cr)

DEUTSCHE FINANCIAL SERVICES
P. 0. BOX 1408
RACINE, WI 53401-1408 (cr)

EASTERN SAVINGS BANK
EXECUTIVE PLAZA 2
11350 MCCORMICK ROAD, SUITE 200
HUNT VALLEY, MD 21031 (cr)

EASTERN SAVINGS BANK FSB - CORP HQ
EXECUTIVE PLAZA 2
11350 MCCORMICK RD STE 200
HUNT VALLEY, MD 21031 (cr)

EDGEWATER BEACH RESORT ASSOCIATION
11212 FRONT BEACH ROAD
PANAMA CITY BEA, FL 32407 (cr)

EDGEWATER BEACH RESORT COMMUNITY
CO STEVEN APPLEBAUM
P O BOX 9454
PANAMA CITY, FL 32417 (cr)

EMERALD COAST BANK
7522 FRONT BEACH ROAD
PANAMA CITY BEA, FL 32407 (cr)

FIRST NATIONAL BANK OF BARNESVILLE
315 THOMASTON STREET
BARNESVILLE, GA 30204 (cr)

GENERAL MOTORS ACCEPTANCE CORP
ROGER A. KELLY
P O BOX 3146
ORLANDO, FL 32802 (cr)

General Motors Acceptance Corp.
2740 Arthur Street
Saint Paul, MN 55113-1303 (cr) Creditor committee

IOS CAPITAL BKCY ADMIN
PO BOX 13708
MACON, GA 31208-3708 (cr)

KENTUCKY BANK
OVERLY & JOHNSON
6 EAST FOURTH STREET
PARIS, KY 40361 (cr)

KICH DRUTCHAS WAGNER ET AL
ATTN: JOSEPH P. MCGILL
ONE WOODWARD AVE TENTH FLOOR
DETROIT, MI 48226 (cr)
KITCH DRUTCHAS WAGNER DENARDIS & VA
CO ROLAND W. KIEHN
P O BOX 2467
PANAMA CITY, FL 32402 (cr)

LFUCG-DIVISION OF REVENUE
200 EAST MAIN STREET
LEXINGTON, KY 40507 (cr)

NATIONAL CITY BANK
ATTN: JEAN COOKSON
6750 MILLER RD
BRECKSVILLE, OH 44141 (cr)

National City Bank
C/O Steven J. Ford
36468 Emerald Coast Parkway
Suite 7102
Destin, Florida 32541-0712 (cr)

ROBERT S. RYAN, ESQUIRE
%HARTLAND HOMEOWNERS ASSOC. INC.
300 WEST VINE STREET, STE 600
LEXINGTON, KY 40507-1660 (cr)

RUDEN, MCCLOSKY, SMITH, SCHUSTER
CO LYNN V. CRAVEY
150 SECOND AVENUE NORTH
17TH
SAINT PETERSBUR, FL 33701 (cr)

STOLL, KEENON & PARK, LLP
300 W. VINE STREET, SUITE 2100
LEXINGTON, KY 40507 (cr)

THE FINANCE NETWORK LLC DBA EXPORT
% ASSOULINE & BERLOWE PA
420 S DIXIE HWY STE 2-M
MIAMI, FL 33146 (cr)

ULTIMATE LAWN CARE INC.
2432 LIBERTY RD
LEXINGTON, KY 40509 (cr)

UNION BANK TRUSTEE CHELA FIN USA
GREAT LAKES EDU LOAN SVCS INC
PO BOX 8973 - CLAIMS FILING UNIT
MADISON, WI 53708-8973 (cr)

--------------------------------------------------------------------------------



To: downdraft who wrote (871)12/19/2005 4:41:36 AM
From: shortsinthesand  Read Replies (1) | Respond to of 12518
 
Downdraft,

My name is David Porter 11 Kobolanski Street Chernivtsy
Ukraine 58000. I own and operate a small internet cafe and I am long PLNI. I also have ties in Fort lauderdale.

I would like very much to know about Turek's Chapter 11 and the $4.7 million in shares being doled out to creditors for personal debt.

Maybe you could shed some light on how many shares he is giving out and why the AS was increased from 2 billion to 5 billion shares without any aknowledgement to the share holders?

Happy holidays

Shorts