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


To: im a survivor who wrote (5075)6/27/2006 7:43:30 PM
From: scion  Read Replies (1) | Respond to of 12518
 
It's not worth popping a stitch or two for. If the SEC informal inquiry becomes a formal investigation then it will be more interesting. Until then it's all speculation

I'm still waiting for the press release from PLNI admitting the SEC informal inquiry. It's usual for companies to put out a PR to explain it to the public, and is usually followed by the filing of an 8-K.

Google this - "SEC informal inquiry"



To: im a survivor who wrote (5075)6/28/2006 2:57:41 AM
From: shortsinthesand  Read Replies (1) | Respond to of 12518
 
Here's my feelings about the pink sheets long awaited trauma!

1. Pink Sheets did their responsibility by making Turek disclose information to the investment community.

2. Pink sheets is not a regulatory authority and After 5 revisions, they are simply tired of trying to get Turek to give out the correct info, such as the 15.9%, the float etc etc...

3. the SEC is doing an informal inquiry so at this point Pink sheets understands that truth will be sorted out in Time?

4. PLNI stated that they did not know what the informal SEC inquiry was about...obviously they continue to lie to the investment community in writing..IMHO

5. Pinksheets simply says that they are not a regulator and will let the SEC handle whatever PLNI fraud exists, if any.

regards shorts