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

To: Jeffrey S. Mitchell who wrote (4422)	5/22/2006 12:35:25 PM
From: scion	Respond to of 12518

Lexreal, LLC and James N. Turek. 10-Q 5/16/06 Telcoblue Inc III. RELATED PARTY TRANSACTIONS During the period ended March 31, 2006, the Company has used cash in the amount of $138,930 in its operating activities. An advance of $80,000 was made to the company by LexReal, LLC, a Kentucky formed LLC, of which James N. Turek, the President of telcoBlue, Inc., is the Operating Manager. On March 31, 2006, Mr. Turek forgave the aforementioned $80,000 advance to telcoBlue, Inc. secinfo.com Telcoblue Inc · 10QSB · For 9/30/05 III. RELATED PARTY TRANSACTIONS As of September 30, 2005, telcoBlue, Inc.’s liabilities exceeded its assets by approximately $1,900,000. On September 20, 2005, Plasticon International, Inc., a Wyoming corporation, (formally Wicklund Holding Company (“WHC”)), forgave a debt of $140,507 owed to WHC by telco Blue, Inc. James N. Turek, the President and CFO of telcoBlue, Inc. is also the President of Plasticon International, Inc. and WHC. During the period ended September 30, 2005, the Company has used cash in the amount of $219,247 in its operating activities. These monies were lent to the Company by LexReal, LLC, a Kentucky formed LLC, of which James N. Turek is the Operating Manager. secinfo.com

To: Jeffrey S. Mitchell who wrote (4422)	5/22/2006 12:39:21 PM
From: scion	Respond to of 12518

The 28,700,000 shares were issued to James N. Turek, II, the son of James N. Turek, Sr., the President of telcoBlue, Inc. FROM 10-Q 1 tb10q0306.htm TELCOBLUE, INC. 10-Q 03/31/06 sec.gov Item 2. MANAGEMENT’S DISCUSSION FOR ANALAYSIS OR PLAN OF OPERATION On January 22, 2004, telcoblue, Inc. acquired all the issued and outstanding stock of Promotional Containers Manufacturing, Inc. ("PCM"), a private Nevada company in exchange for 28,700,000 shares of telcoBlue, Inc. ("TELCO") common stock through a tax-free stock exchange, the terms and conditions set forth in an Agreement and Plan of Reorganization ("Agreement and Reorganization"). The company presently trades on the Over the Counter Bulletin Board stock exchange under the symbol, "TBLU". The 28,700,000 shares were issued to James N. Turek, II, the son of James N. Turek, Sr., the President of telcoBlue, Inc. sec.gov FORM 8-K ITEM 1. CHANGES IN CONTROL OF REGISTRANT Pursuant to the terms of the Agreement Plan of Reorganization dated January 15, 2004, James N. Turek, the President and CEO of Promotional Containers Manufacturing, Inc., a private Nevada corporation, received 28,700,000 common shares of telcoBlue, which presently represents 84% of telcoBlue's issued and outstanding common stock. sec.gov FORM 10-KSB/A Effective January 22, 2004, telcoBlue completed a reverse merger with Promotional Containers Manufacturing whereby telcoBlue issued 28,700,000 shares to PCM for all of the outstanding shares of PCM. In connection with the merger, telcoBlue agreed to issue an additional 12,150,000 shares to various individuals for work on the merger. For further information on the acquisition, see the Form 8-K filed February 9, 2004. sec.gov

To: Jeffrey S. Mitchell who wrote (4422)	5/22/2006 12:46:13 PM
From: scion	Respond to of 12518

Name LEXREAL CO. LLC apps.sos.ky.gov Organization Number 0422929 Name LEXREAL CO. LLC Company Type KLC - Kentucky Limited Liability Company Status A - Active Standing G - Good State KY File Date 10/17/1996 Organization Date 10/17/1996 Last Annual Report 1/26/2006 Principal Office 3166 CUSTER DR SUITE 101 LEXINGTON, KY 40517 Managed By Members Registered Agent JAMES B. BONN 3166 CUSTER DR. SUITE 101 LEXINGTON, KY 40517 Current Officers Member James B. Bonn Member James N. Turek, Sr. Incorporators and Initial Directors Organizer JAMES N. TUREK This organization has no assumed names Images Available Online Documents filed with the Office of the Secretary of State on September 15, 2004 or thereafter are available as scanned images or PDF documents. Documents filed prior to September 15, 2004 will become available as the images are created. 1/26/2006 1 page tiff PDF Annual Report 3/3/2005 1 page tiff PDF Annual Report 3/3/2005 1 page tiff PDF Principal Office Address Change 3/3/2005 1 page tiff PDF Statement of Change Certificates Available Certificate of Existence Certificate of Existence (Reinst) Certificate of Registered Agent (Domestic and Foreign) apps.sos.ky.gov

To: Jeffrey S. Mitchell who wrote (4422)	5/22/2006 3:03:39 PM
From: rrm_bcnu	Read Replies (1) \| Respond to of 12518

Actually Jeff, I made a point to include that part in the reply to Greenfish. I didn't say that PLNI forgave that money.. where did you come up with that? What I said was that the 10% rate you postulated was incorrectly based on the 1989-2001 loans. I understand Lexreal deals in Real Estate. Maybe he mortgaged a property? Who knows, but I find nothing in any of the documents that establishes that Turek gave shares to LexReal to "launder" (bad choice of words) money. As I have said, and repeatedly requested, more information is required to clarify the transactions alluded to in the 211 and 10-KSB. rrm