the_worm06

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

Sunday, June 18, 2006

[PLNI]: From Richard R. Matthews: "Looks like we have been duped and this POS Turek has breached his fiduciary duty"

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It appears that Mr. Rick Matthews has been "stuck" with his PLNI shares since November 2005. Below you will find how Mr. Rick Matthews reacted to finding out that PLNI had secretly increased its Authorized Common Shares from 3 billion to 5 billion without notice (the amount has subsequently been increased to an amazing 13.5 billion):



Someone posts the official proof that the Authorized Common Shares have been increased to 5 billion:

http://ragingbull.lycos.com/mboard/boards.cgi?board=PLNI&read=18392
By: spbswim
01 Nov 2005, 04:10 PM EST
Msg. 18392 of 62806
Jump to msg. #

http://favhost.com/plni/plni2.pdf





the reaction by Mr. Rick Matthews:





http://ragingbull.lycos.com/mboard/boards.cgi?board=PLNI&read=18398
By: rrm_bn4u
01 Nov 2005, 05:19 PM EST
Msg. 18398 of 62806
(This msg. is a reply to 18392 by spbswim.)
Jump to msg. #

That SOB. That freakin SOB...




http://ragingbull.lycos.com/mboard/boards.cgi?board=PLNI&read=18405
By: rrm_bn4u
01 Nov 2005, 07:39 PM EST
Msg. 18405 of 62807
Jump to msg. #

My apologies to the board. Looks like we have been duped and this POS Turek has breached his fiduciary duty. I doubled down on Friday and have yet another bag to hold. So this year it is HTDS and PLNI... Just under $40K of lessons learned the hard way.

rrm




http://ragingbull.lycos.com/mboard/boards.cgi?board=PLNI&read=18442
By: rrm_bn4u
01 Nov 2005, 10:17 PM EST
Msg. 18442 of 62807
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We'll see. In too deep to bail out.




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