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

To: Jeffrey S. Mitchell who wrote (5012)	6/25/2006 9:22:19 AM
From: Captain James T. Kirk	Read Replies (2) \| Respond to of 12518

So, as of 6/16, the total OS remains at 4,977,740,339. Let's keep an eye on that, I am not sure I buy that.

To: Jeffrey S. Mitchell who wrote (5012)	6/25/2006 11:15:49 AM
From: scion	Read Replies (1) \| Respond to of 12518

The SEC is conducting an informal inquiry into Plasticon International, Inc. Plasticon International, Inc. has no legal matters pending with the SEC and is voluntarily cooperating with the informal inquiry so that a resolution may be completed as soon as possible. The SEC has not furnished any specific reason for the informal inquiry. The Company has also been notified by the SEC that it is in violation of section 13 of the Exchange Act by failing to file its quarterly and annual reports on a timely basis. The Company has filed its10SKB Annual Reports for 2003 and 2004. The Company's 2005 Audit is presently in progress for incorporation into the 10SKB for 2005. Preparation of the Company's 2006 Quarterly financial statements are also in progress. Plasticon's auditors have provided the Company with a letter stating that the 2005 Audit and 2006 Quarlterly financial statements will be completed in 30 days or approximately by the end of July.

To: Jeffrey S. Mitchell who wrote (5012)	6/25/2006 11:25:17 AM
From: scion	Read Replies (2) \| Respond to of 12518

James N. Turek’s 15.9%* represents direct and indirect ownership of common shares. 15.9%? What's wrong with that number? 1 and 2. Executive Officers and Directors are listed below with their business address. Name Position Share Ownership/Percentage James N. Turek President, Chief Executive Officer and Chairman of the Board Suite 290 3288 Eagle View Lane Lexington, KY 40509 221,936,374* 1,000,000 Class B Preferred Shares ** James N. Turek’s 15.9% represents direct and indirect ownership of common shares. * Mr. Turek has controlling interest of Plasticon International, Inc. with 1,000,000 Class B Preferred shares which gives him voting rights equivalent to an additional 7.3 Billion common shares. Please see footnote in regards to voting interest. […] 1. During the course of 2005 James N. Turek loaned Plasticon International, Inc $5,799,849.12 to execute its business plan and acquire revenue producing businesses. In return for forgiveness of the loan to Plasticon International, Inc, Mr. Turek agreed to accept Series B Preferred Shares with voting rights equal to 7.3 billion common shares These voting rights have established James N. Turek as the controlling shareholder for Plasticon International, Inc. 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. 2. Due to the Series B Preferred shares being issued as a means of debt forgiveness and the preferred shares having an option to convert into restricted shares, should the controlling shareholder wish to exercise the option, there was therefore a need to increase the authorized shares for Plasticon International, Inc.