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

To: rrm_bcnu who wrote (4418)	5/22/2006 9:50:38 AM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 12518

If you have some documentation that Turek gave his shares to Lex-Real I will concede the point. I see no such revelation in the 211. From the 211: *The loan to Plasticon International, Inc as well as the issuance of the preferred shares was accomplished through LexReal Company LLC of which Mr. Turek is President and principal shareholder."* The shares were issued to Turek, as you know, but "accomplished through Lexreal", meaning LexReal was the selling entity which presumably allowed Turek not to have to declare the money personally (although, my limited accounting knowledge tells me he'd still have to file a Schedule C for Lexreal since it's an LLC). Do you read this (footnote) differently? - Jeff