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


To: Captain James T. Kirk who wrote (5399)7/13/2006 5:17:25 PM
From: scion  Read Replies (1) | Respond to of 12518
 
The company IR Rep has said that an 8-K of the sale is pending submission to EDGAR.

5. The SEMCO acquisition was false and never occurred.
A PROVEN LIE. The sale was identified on page 15 in the 2004 10-KSB audited financials. The company IR Rep has said that an 8-K of the sale is pending submission to EDGAR. sec.gov;

Message 22459146

On January 15, 2006 the Company purchased the controlling shares of Semco Distribution, Inc., a Nevada corporation and Ultimate Surface LLC, a Nevada limited liability Company. The purchase was for a total sum of $2,750,000 payable as follows; $100,000 deposit, $550,000 upon completion of escrow, shares of restricted common stock with a valuation of $100,000 and $2,000,000 to be paid as cash performance payments based upon certain funding requirements.
[...]

Both of these entities are now wholly owned subsidiaries of the Company.


sec.gov



To: Captain James T. Kirk who wrote (5399)7/13/2006 8:02:39 PM
From: rrm_bcnu  Read Replies (1) | Respond to of 12518
 
I have never spoken to Jim Turek. I suggest that since it troubles YOU, you should be the person making that call. I agree that there are issues with stock sales, but until the equipment purchases and other capital expenditures are outlined and we have a chance to examine them, any such dialogue would be ill informed and cursory in scope. If you want to make the call... then do so... but please quit whining. You do not represent all PLNI investors!