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


To: donpat who wrote (12405)7/8/2012 6:09:07 PM
From: the_worm061 Recommendation  Respond to of 12518
 
donpat, I am sorry, but aren't we talking about PLNI, Plasticon International, Inc.?

Care to point out WHERE you see these patents belonging to the company PLNI?



To: donpat who wrote (12405)7/9/2012 12:14:53 AM
From: Jeffrey S. Mitchell1 Recommendation  Read Replies (4) | Respond to of 12518
 
Donpat,

If you examine the patents closely you see that they were never owned by the publicly traded company PLNI. Therefore, even if they had value, they had no value to you as a shareholder. As for their actual value, all Turek could produce was a document by a guy for hire who had no valid credentials.People in the industry I showed them to said they had little to no value in the then current marketplace.

The most common mistake people make when evaluating penny stocks is focusing on the sales pitch, not the people making it. In tracking down a couple of Turek's old business partners it was ridiculously obvious the guy was a career con. Like a black widow, he would gain control over legitimate companies, leverage their assets to get them loans, and then pocket the money for himself. He would even take out multiple loans from different banks using the exact same collateral for each, which is obviously blatantly illegal.

Like most con men, Turek was the nicest guy in the world when he was soliciting your business, then ruthless once he gained control. As I suspected, according to iwannaride, behind the scenes Turerk was blaming the naked shorts and saying how he was preparing to sue the bashers.

The only advice I can give is that if you see any of the well-known "bashers" sniffing around your investment, sell at the best price you think you can get ASAP. Make the assumption that when such folks ask questions, they already know the answers. Rather, they are sizing up who they are dealing with in order to expedite figuring out where the bodies are buried so to speak. Avoid becoming a statistic.

- Jeff