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

To: yardslave who wrote (5323)	7/6/2006 7:02:45 PM
From: scion	Read Replies (1) \| Respond to of 12518

It sort of reminds me of Mikey Sylver and AZNT being 'helped' by the SEC. How is the trial going along?

To: yardslave who wrote (5323)	7/6/2006 7:08:30 PM
From: tonto	Read Replies (2) \| Respond to of 12518

PLNI management would never think that they are waiting for SEC approval. I know what the pr incorrectly states, but I really cannot believe that there are investors that dumb out there that believe it...

To: yardslave who wrote (5323)	7/6/2006 8:48:55 PM
From: scion	Respond to of 12518

The District Court rejected the first defense because the statutory safe harbor does not apply to Commission enforcement actions, or to penny stocks, ... More details - Message 22602103 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. SECURITIES EXCHANGE ACT OF 1934 Rel. No. 53122 A/ January 13, 2006 Admin. Proc. File No. 3-11573 sec.gov The District Court rejected the first defense because the statutory safe harbor does not apply to Commission enforcement actions, or to penny stocks, ... [...] Respondents' characterization of these statements as protected, forward-looking statements under the statutory safe harbor provisions of the Securities Act and the Exchange Act is inapposite since issuers of penny stock are specifically excluded from the safe harbor protection of those provisions.. 24/ Also, the safe harbor protects a speaker from liability for forward-looking statements only in private actions, not in enforcement actions brought by the Commission. sec.gov