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


To: Jeffrey S. Mitchell who wrote (11234)9/15/2007 1:40:10 PM
From: scion  Respond to of 12518
 
10. Kentucky UCC Filings for Molds.
Doc 217

See:

Message 23869717

Message 23873976



To: Jeffrey S. Mitchell who wrote (11234)9/15/2007 2:55:15 PM
From: scion  Respond to of 12518
 
(a.) James N. Turek, President of Plasticon International, Inc., would be a hostile witness who would not be expected to offer an affidavit for the United States Trustee.

Instead, the United States Trustee intends to call Mr. Turek at trial.

His testimony would concern his compensation, Plasticon’s purported ownership of certain patents, the expenses incurred by Plasticon during its operations, and events in his personal bankruptcy case that reflect upon his fitness to serve as a fiduciary.



To: Jeffrey S. Mitchell who wrote (11234)9/15/2007 3:04:44 PM
From: scion  Respond to of 12518
 
b. James N. Turek received as compensation 5,442,981,629 common shares of Plasticon stock with an aggregate market value at the time of issue of $35,985,952. This is in addition to the salary and bonus of $1,908,000 he was awarded during this period;

c. James N. Turek converted $2,146,173 of debt which Plasticon owed to him into 1,196,876,101 shares of Plasticon’s common stock with a value at the time of issue of $8,234,972.


From -
Doc 215
09/14/2007 215 Affidavit of John Todd Wright, filed by U.S. Trustee (RE: related document(s)156 Motion to Appoint Trustee,, filed by U.S. Trustee U.S. Trustee). (Daugherty, John) (Entered: 09/14/2007)



To: Jeffrey S. Mitchell who wrote (11234)9/16/2007 10:24:07 PM
From: yardslave  Read Replies (2) | Respond to of 12518
 
But the big question that I have is; Where did all the money go?
The amount that Turek took in for stock and payroll is chump change when compared to the losses that PLNI has endured. What did they do with $73mil? That is a lot of money to spend without having anything to show for it. When I look at the numbers, things just don't add up correctly.