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

To: yardslave who wrote (2058)	1/25/2006 8:27:43 PM
From: scion	Respond to of 12518

I was wondering the same thing. I don't think he wants to know the truth - NO SEC filings have been made.

To: yardslave who wrote (2058)	1/25/2006 8:28:29 PM
From: yardslave	Read Replies (1) \| Respond to of 12518

If I get time tomorrow, I'm going to call BlueLinx. I want to find out about this plastic lumber that I have heard about.

To: yardslave who wrote (2058)	1/25/2006 9:31:58 PM
From: Jeffrey S. Mitchell	Read Replies (4) \| Respond to of 12518

Perhaps the gravitas of the situation needs to be explained further.... Plasticon announced as far back as May they were seeking "non-dilutive" private financing for their acquisitions. There are only two possibilities here: 1) the private financing does require registration of stock, or 2) the private financing does not require registration of stock. As discussed previously, to justify why no registration statements have been filed, let's assume the latter (as in a 504 offering). As the SEC web site clearly states: The SEC does not require companies that are raising less than $1 million under Rule 504 of Regulation D to be "registered" with the SEC, but these companies are required to file a "Form D" with the SEC. The Form D serves as a brief notice that provides information about the company and the offering. To determine whether a Form D has been filed or to obtain a copy, call the SEC's Public Reference Branch at (202) 942-8090 or contact them via e-mail at publicinfo@sec.gov. sec.gov I and several others called the above number and, sure enough, there are no PLNI filings at all on record, let alone any Form Ds. As to how long the company has to file such things: When to File: A notice must be filed no later than 15 days after the first sale of securities in the offering. sec.gov So if PLNI was telling the truth about obtaining private financing, they've apparently not followed securities law by not filing a Form D. Or, perhaps they just lied. But if they lied, how does a bankrupt CEO pay for such acquisitions except by dumping stock? Either way, there are very serious problems here. - Jeff