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

To: yardslave who wrote (1106)	12/22/2005 8:43:43 AM
From: Jeffrey S. Mitchell	Respond to of 12518

I'm sure Turek truly believes he can create "synergy" by plucking a few "real" companies and putting them under the same umbrella. I'm sure these companies are quite enamored by the promised $$$ they'd be worth if publicly traded. Potential shareholders see the same $$$, especially when paid touts and crazed message board posters make it seem like a no-brainer. But we're talking about a guy who, for whatever reason, has left a trail of bankrupt companies. Someone who owes millions to creditors. Is this really someone you want taking over your business? Do you think this might be why Wicklund and TBLU and PLNI announced acquisitions have heretofore not come to fruition? Oh, but of course this time it will happen. Ask yourself why. I'll give you my feeling why. At first one gets blinded by the $$$ they'd be worth if publicly traded. At some point you learn to separate the $$$ from the person offering it. Then you start thinking: Why this guy? Why can't I do this on my own? I may be worth big bucks on paper, but now I, on paper, have a boss who technically owns me. Your accountant gets involved, friends, relatives, co-workers, etc. The bloom comes off the rose as reality sets in. No company being acquired wants a share price of .00x. They'll want preferred stock and a R/S of the common. The common shareholder, obviously, will get screwed in the process. So, as a common shareholder, the game is rigged against you even if you "win." Of course, I say this IMHO but based on years of experience. - Jeff