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

To: Jeffrey S. Mitchell who wrote (9855)	5/17/2007 8:57:35 AM
From: scion	Respond to of 12518

The most prominent members of the PLNI Pumper Platoon have suddenly absented themselves from the various message boards. Mo big surprise there.

To: Jeffrey S. Mitchell who wrote (9855)	5/17/2007 9:56:30 AM
From: scion	Respond to of 12518

I notice that the list of creditors does not include the creditor with "currently $875,000 outstanding on the note." Shouldn't that be included in the Plasticon bankruptcy filing? The Company has taken this action in order to safeguard the investment that it has made in Pro Mold, Inc., a subsidiary that the Company bought in December of 2005 for cash and a note totaling $3,500,000. There is currently $875,000 outstanding on the note. Plasticon International, Inc. plans to reorganize the Company under the bankruptcy laws of the United States. "We felt this action was necessary for Plasticon International, Inc. and its subsidiary, Pro Mold, Inc. We will take this time to reorganize and restructure the Company and we believe that Plasticon will come out from the reorganization in a much stronger position to compete in our industry. We had to take action quickly to defend a precipitous attack from a creditor which had declined to accept a late payment and was apparently interested in seizing control of Pro Mold," stated Jim Turek, CEO and President of Plasticon International, Inc.