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

To: scion who wrote (4593)	6/1/2006 4:32:24 PM
From: Supervalue	Respond to of 12518

How does recycled plastic fit AZTEC ?

To: scion who wrote (4593)	6/1/2006 11:43:39 PM
From: Jeffrey S. Mitchell	Respond to of 12518

The initial International Plastics Corporation lawsuit vs. Aztec appears to have been filed on 4/09/1999 ( see: Message 22497267 ). On 8/8/2000, the parties were given 15 days "to submit an agreed order of settlement to the court", and on 9/8/2000, the lawsuit was "dismissed w/prejudice w/each party bearing costs". USPTO filings show that on 1/4/01 Aztec gave a security interest to Banker's Trust. This obviously implies Aztec had an interest to give, and thus it seems reasonable to assume this interest was agreed to as part of the IPC settlement. This is where things get shady. Recall that PLNI values their patents at $20M. As far as I can tell, the only documentation ever presented about this value is the letter from WLK Associates, dated 12/1/2000, that gives the '714 patent an appraisal of $4-6M. It appears PLNI then somehow extrapolated that their other three patents must be worth about the same, bringing the cumulative average to $20M. But wait a second. WLK Associates writes: "the Federal Court judge quickly concluded that the competitor had failed to make a credible case regarding the validity of the Wicklund patents and ruled in Wicklund's favor." Say what? Aztec was granted an interest in the contentious patent... and IPC agreed to it! I certainly hope WLK was misinformed by IPC because otherwise they've apparently facilitated a fraud. Make no mistake: this lawsuit is far from over. No final determination has been made. Conversely, Aztec is confidently making the claim the invention is not patentable- and thus worthless. - Jeff