the_worm06

Thoughts, Comments and Research on Publicly Traded Companies and Internet Stock Message Boards

Monday, June 19, 2006

[PLNI]: April 1st, April 16th, May 24th, June 16th

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It is very simple.

Answer the questions in the form, fill out the blanks, add the financial statements and file the "Issuer Information Statement" (form 15c-211) with pinksheets.com.

Oh...and one more thing, include the most current capital structure and share ownership data as of the date of the filing with pinksheets.com.

Very simple indeed.


Here is the problem: PLNI has now filed the "Issuer Information Statement" three times with pinksheets.com in the last two months and continues to mislead the investment public.


here is the pinksheets.com Financial Report section:
http://www.pinksheets.com/quote/finance.jsp?symbol=PLNI


here is the most recent "Issuer Information Statement" that was filed on June 16, 2006 with pinksheets.com:
https://www.otcstockinfo.com/repository/671/671_FR14.pdf




As can be observed in Exhibit (A) below, PLNI includes four dates in this document:

"As of 4/1/2006"
"As of the date of this filing (April 16, 2006) "
"Period End Date 6/16/2006"
"Dated this 24th day of April, 2006"


Even though all significant Share Structure data has to be current as of the date of filing the documents with pinksheets.com, in an apparent attempt to mislead the investment public, the inclusion of the four dates in this document makes it completely impossible to determine the dates for the Capital Structure, including common and preferred shares authorized and outstanding, share ownership by Officers, Directors and other significant owners, and the public float.

According to documents filed with pinksheets.com and the SEC by PLNI, it was previously shown that PLNI issued 1.27 billion common shares to its CEO, James N. Turek, Sr. during the first three months of 2006 and at least 1.0 billion of these shares were sold as of the end of the first quarter. How many billions of additional common shares have been issued by PLNI since March 31, 2006 and sold?




Exhibit (A)

https://www.otcstockinfo.com/repository/671/671_FR14.pdf
As of 4/1/2006
All of the information contained in this information and Disclosure Statement has been compiled to fulfill the disclosure requirements of Rule 15c2-1 1 (a)(5) promulgated under the Securities and Exchange Act of 1934, as amended. The enumerated captions contained herein correspond to the sequential format set forth in the rule....

Item (vi): The number of shares or total amount of the securities outstanding for each class of securities outstanding and a list of securities offerings and shares issued for services in the past two years.

As of the date of this filing (April 16, 2006) there are common shares and preferred shares issued for Plasticon (PLNI). There has never been a securities offering of PLNi shares. The listed companies are the only companies to receive compensation for IRIPR. * Big Apple Consulting: 44,006,805 * Equity Link 330,000,000

i. Period End Date 6/16/2006
ii. Total number of shares of stock the corporation shall be authorized to issue is: 13,500,000,000 shares of common stock and 6,000,000,000 shares of preferred stock.
iii Total amount of the securities outstanding 4,977,740,339 common shares and 1,000,000 preferred shares.
iv. Freely tradable shares: Public float 2,804,576,805
v. Total Number of Shareholders: 10,079................


CERTIFICATION:
I, James N. Turek, hereby certify that I have reviewed the Information and Disclosure Statement and the Exhibits thereto, and I have full authority to sign on behalf of the Company and do hereby certify that the information contained herein is complete and presented fairly in all material respects.

Dated this 24th day of April, 2006

Certified By: _________________________
James N. Turek, President


FiNANCIAL INFORMATION CERTIFICATION
I, James N. Turek, do hereby certify that I was responsible for the preparation of the statements and that such statements, and the notes thereto, present fairly, in all material respects, the fmancial position of the issuer and the results of its operations and cash flows for the periods presented, in conformity with accounting principles generally accepted in the United States, consistently applied.

Dated this 24th day of April, 2006

Certified By: ___________________________
James N. Turek, President




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