the_worm06

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

Thursday, July 13, 2006

[PLNI]: Mr. Richard R. Matthews and his massive disinformation campaign on the Acquisitions

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Pay attention to how Mr. Rick Matthews continues with his massive disinformation campaign regarding the PLNI acquisitions:


http://snipurl.com/t6t1


1. He copies wording from the PLNI 10-K filed with the SEC that states that PLNI completed the acquisition of Semco Distribution, Inc.


2. He then goes on to say that Semco Distribution, Inc. is the same as Semco Manufacturing, Inc., which is an absolute total lie....Semco Manufacturing, Inc. is a completely different entity than Semco Distribution, Inc.


3. A full inspection of the 10-K further shows that no where in the 10-K does it state that PLNI completed the acquisition of Semco Manufacturing, Inc. This is very very important, because it is this entity that PLNI has publicly stated that it has acquired. It is this entity that has been used by PLNI to pump and hype the stock price of PLNI through press releases.


4. In yet another attempt to deceive through disinformation, this same poster copies the following from the 10-K regarding Pro Mold, Inc.:

"The acquisition of Pro Mold, Inc., allows the Company, for the first time in its history to completely control the manufacturing process from procurement of the resins to production of the end user product."


Yet Rick Matthews fails to include that the above sentence refers to the following statement in the same document:

"On December 5, 2005, the Company entered into an agreement to purchase ProMold, a Missouri corporation, for a purchase price of $3,500,000..."


5. As you can see in #4 above, at no point has PLNI stated in the 10-K that it HAS COMPLETED THE ACQUISITION OF Pro Mold, Inc....at no point. This poster is attempting to convince the investor audience that this proves that PLNI completed the acquisition of Pro Mold, Inc., which is a false and misleading statement, according to PLNI's documents filed with the SEC.



Very very sad indeed how hard this individual is trying to deceive the public into thinking that Pro Mold, Inc. and Semco Manufacturing, Inc. have been acquired by PLNI, when it is PLNI's own documents filed with the SEC that show otherwise.




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