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

To: scion who wrote (5234)	7/3/2006 10:46:54 PM
From: Supervalue	Respond to of 12518

Real point is PLNI court action for Patent rights mentioned in the past for copyrights against a former partner/contractor the share structure mentioned not sure of importance

To: scion who wrote (5234)	7/4/2006 12:30:30 AM
From: VultureBuyer	Read Replies (2) \| Respond to of 12518

That may have been the game plan of the business plan, but the 2005 annual report suggests otherwise. "In January 2005, the Company obtained certain assets (molds, sales contract, customer base, and patents) from a related party, Promotional Container, Inc. (PCI). PCI is owned by James N. Turek Sr., the Company's president and majority shareholder. Consideration to PCI consisted of a promise to exchange 100,000,000 shares of preferred stock (recorded as $360,000 of preferred stock subscribed in the accompanying balance sheet) in the Company by May 2007 and a promise to pay $500,000 (non interest bearing) by May 2006. Due to common control, paid in capital was reduced by $860,000 to record the transaction." I understand the "due to common control" clause to suggest both PCI and PLNI were both controlled by JT; one was not a subsidiary of the other. If that is true then in its claim Aztec would have no remedy short of piercing the corporate veil through to JT's other controlling interests.

To: scion who wrote (5234)	7/6/2006 2:41:35 PM
From: scion	Respond to of 12518

PROMOTIONAL CONTAINER, Inc. (“PCI”), by and through Debtor’s undersigned attorney, hereby files this its Notice of Transfer of Claim, pursuant to Rule 3001 (e) of the Federal Rules of Bankruptcy Procedure and in support hereof states as follows: 1. On May 14, 2002, the Debtor filed his voluntary Chapter 11 Petition in the United States Bankruptcy Court for the Northern District of Florida, Panama City Division. 2. On November 15, 2005, PCI entered into a Settlement Agreement with Stoll, Keenon & Park, LLP (“Stoll”) for the purchase of Debtors obligations to Stoll and of the Note and Mortgage evidencing and securing Stoll’s claim. (the “Loan Documents”) See Exhibit “A”. 3. On December 29, 2005, PCI made its final payment to Stoll for the purchase of the Debtors obligations owing to Stoll, the Loan Documents securing same and Stoll has transferred its claim numbered 26 to PCI and has or will transfer and assign the Loan Documents and the obligations of Debtor to PCI as the successor in interest to all of Stoll’s rights under the Loan Documents. /s/ C. Edwin Rude, Jr. C. EDWIN RUDE, JR. Florida Bar No. 0157985 211 E. Call Street Tallahassee, Florida 32301-7607 Telephone: (850) 222-2311 Facsimile: (850) 222-2120 PROMOTIONAL CONTAINERS, INC. President - JAMES N TUREK Treasurer, Director - EDWARD J GARSTKA Secretary - JAMES N TUREK II esos.state.nv.us