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

To: scion who wrote (11145)	8/31/2007 10:38:05 PM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 12518

A quick Q&A about PLNI Q. The shorters "now live in fear of having to cover and will stop an nothing like a cancer" [sic] siliconinvestor.com A. If there are or ever were any shorters in PLNI, give me one valid reason why they would not have covered at .0001, which appears to be the absolute bottom? Doh! Q. What will be the result of my shares post bankruptcy? A. You shares will be totally worthless. Plasticon was forced into Chapter 11 or else Turek would have lost Pro-Mold to an auction. There is not enough money and assets to pay the bills so shareholders, the last in line, will get nothing. First in line are secured creditors like Murphy, so he'll get Pro-Mold (or the money from selling it off) anyhow. Any entity that might consider buying Plasticon (at pennies on the dollar) will be buying the assets, meaning the shareholders would get zilch again. Game over. Q. Was Turek a con artist or just a bad business man? A. All available evidence points to con artist. This is the testimony of people who have dealt with him in the past. Note that he bankrupted Wicklund and related entities all the while buying a beach house in Florida and other lavish things. He lied about share structure and lied about selling his own shares into the market while blaming naked shorters. Q. Will Turek go to jail? A. Most likely Turek will be convicted of fraud and go to jail. He is innocent until proven guilty, of course, but the evidence presented in the bankruptcy proceedings is quite compelling. - Jeff