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


To: Jeffrey S. Mitchell who wrote (10522)7/6/2007 5:04:45 PM
From: scion  Read Replies (1) | Respond to of 12518
 
PROMISSORY NOTE
$1,000,000.00
December 30, 2005

FOR VALUE RECEIVED, PLASTIC INTERNATIONAL, INC., a Wyoming corporation (“Borrower”) hereby promises to pay to the order of JOHN P. MURPHY III REVOCABLE TRUST NO. 1 (“Lender”), the principal sum of ONE MILLION DOLLARS ($1,000,000) (“Loan”), at the place and in the manner hereinafter provided, together with interest thereon at the rate or rates described below, and any and all other amounts which may be due and payable hereunder from time to time.
[...]
IN WITNESS WHEREOF, Borrower has executed and delivered this Note as of the day and year first written above.

PLASTICON INTERNATIONAL, INC.

By: /s/ James N. Turek

Name: James N. Turek

Title: President

secinfo.com

To: popers who wrote (10415) 7/4/2007 5:10:12 PM
From: rrm_bcnu Read Replies (1) of 10524

I would agree with you if you could show a single document or PR where Turek said "I promise" and it didn't occur. In fact, just a single document or PR that said "I promise" will do.

This is the Pinks. If one hasn't the seeds to play in the Pinks they shouldn't be here.

I admit that Turek owes Murphy his money. But that isn't what Murphy really wants. He wants his baby back. He should have thought about that before he sold it.

As for accomplishments... everyone has expectation of accomplishment when they start a business.

Message 23674877



To: Jeffrey S. Mitchell who wrote (10522)7/6/2007 5:20:20 PM
From: bearclaw51  Read Replies (2) | Respond to of 12518
 
I figured everyone would stay out of that sparring match with Scion and RRM? Guess not...very enlightening though? Does the term collusion enter your mind after reading some of those posts? Darn legal stuff...hey?

Question? Folks been hinting that possibly some folks are going to jail? Actually, several folks you know have been threatening lawsuits? Yes? You have a interest in the law? Yes? So please enlighten me...this scenario has me confused and I know you have a legal website somewhere where you research this stuff? Yes?

Hypothetical situation since we're dealing with investors, brokers, internet posters, hedgies, MM's and people with interest in PLNI. Some are professionals so these threats could really have consequences? Yes?... so... lets just say...

If someone was charged and cut a deal and sanctioned for/by "NSDAQ for felonious activities" and was lucky enough to cut that deal with say a State Attorney...Would that stay a felony on their record? Are all these kinds of problems with the NSDAQ or others dealt with in New York? What if that person were a professional, say lawyer, doctor, licensed business professional or stock broker, and had their license revoked and say a substantial fine...Would that be something where they couldn't vote? What if that person repeated those activities would that prior problem hurt that person in the present or future? Would that be in the same jurest diction? Thanks for your help...



To: Jeffrey S. Mitchell who wrote (10522)7/6/2007 5:42:56 PM
From: rrm_bcnu  Read Replies (2) | Respond to of 12518
 
Sure, here you go..

tinyurl.com

IMO, the BK court will ensure that Turek pays his bills. That is after all what a BK is all about.... protecting the company while ensuring the creditors get paid fairly.

Yes I recall that Murphy already tried the forced auction route, both before, and twice after the CH 11 was filed! Now that is really going to interest the BK Judge.

OK reality it is... What is your relationship with the Murphy legal team? Are you communicating with them and if so, why?