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


To: rrm_bcnu who wrote (9973)5/22/2007 8:52:27 AM
From: scion  Read Replies (1) | Respond to of 12518
 
Do you have a Pacer subscription? If not, why not spend the $0.08 per page it takes to get the Turek Filings; you can charge it to a credit card.

pacer.uspci.uscourts.gov

Put the PDF files on the web and can then provide a link to them in the IHub Info box.

Longs: These are extracts from the Murphy lawyers as to their perception of the events. These are edited by scion. Still haven't seen scion post any of PLNI's assertions from today, only Murphy's.

investorshub.com

The Murphy filings are in PDF text files which can easily be converted to Word.

The Turek filings are all PDF images. If you want to transcribe them you'll need an OCR program, and you'll have to proof-read the converted document,if they are at all readable.

This Document 20 submitted by Plasticon is 53 pages - you'll only be charged by Pacer for 30.

05/21/2007 20 Response Filed by Plasticon International, Inc. (RE: related document(s)17 Motion for Change of Venue, filed by Creditor John P Murphy). (Brown, Robert) (Entered: 05/21/2007)

pacer.uspci.uscourts.gov



To: rrm_bcnu who wrote (9973)5/22/2007 10:40:03 AM
From: Jeffrey S. Mitchell  Read Replies (3) | Respond to of 12518
 
No, I'm stating that for years we've warned you that the PRs have been false and misleading, that Turek's MO is to sell tons of stock for personal gain, suck the lifeblood out of companies, and plunge them into bankruptcy. And on and on. Rather than do any due diligence of your own, you chose to obfuscate matters with obsequious "show me the evidence" posts, all the while denigrating people like the Worm who had the guts to chronicle these things.

Now that you have your "evidence" (which I'm sure you'll simply blow off as one side of the story because that's easier than doing your own due diligence), your PLNI investment is worthless. Funny how people have no problem slowing down when they see flagmen on a highway, but when those same red flags are waved over their investment they tend to try and run them over.

- Jeff



To: rrm_bcnu who wrote (9973)5/23/2007 12:58:57 AM
From: Jeffrey S. Mitchell  Read Replies (2) | Respond to of 12518
 
Part of the process of discerning truth is to ask the right questions. You are very good at asking all the wrong questions, making them misleading and irrelevant. However, since you insist, I will try my best to answer your questions regardless.

Are you stating that it is illegal for Plasticon to sell shares to satisfy debt?

A major reason why companies go public is for the ability to use their shares as a form of currency. That’s why the SEC has very strict rules about how this may be accomplished. The only company shares that appear to be dumped were those given to creditors from the prior bankruptcy—Turek’s personal bankruptcy -- meaning a) Turek used company stock to pay personal debt, and b) all the proceeds went to benefit the recipients, not Plasticon. Sounds pretty darn illegal to me.

Turek went from being bankrupt to being owed nearly $4M. It doesn’t take a rocket scientist to figure out he was dumping personal stock. Yet where are all his Form 4s? Turek routinely flaunted securities laws. He compounded his transgressions by issuing false and misleading press releases to artificially increase the pps and volume. When confronted, he purposefully misled shareholders through obfuscation. Again, sounds pretty darn illegal to me.

Are you stating that it is illegal for Big Apple, their IR firm, to be aware of Plasticon selling shares to satisfy debt?

As per the above, I contend a strong case can be made that Turek knowingly and willingly violated securities laws. According to the court filings, Turek was aided and abetted by Bill Howe and Big Apple. This complicity, not just awareness, is what, IMO, makes these folks culpable as well.

- Jeff