the_worm06

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

Tuesday, July 11, 2006

[PLNI]: Who acquired Pro Mold, Inc? ------ Who owns Pro Mold, Inc. now?

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Please read every word of the poor attempt by Mr. Richard R. Matthews to prove who acquired Pro Mold, Inc and who now owns Pro Mold, Inc.:

http://www.investorshub.com/boards/read_msg.asp?message_id=11963492


Mr. Rick Matthews has again failed to prove that PLNI completed the acquisition of Pro Mold, Inc.

Mr. Rick Matthews has again failed to prove that PLNI owns Pro Mold, Inc.

He refers to the PLNI Audited 10-KSB for 2004 filed with the SEC, yet this very document fails to state that the PLNI completed the acquisition of Pro Mold, Inc. and this document fails to state that PLNI owns Pro Mold, Inc., as of the date of the SEC filing, May 4, 2006.


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In the most bizarre statement by Mr. Rick Matthews to date, he states that:

"...There is no evidence whatsoever to indicate that the Pro Mold acquisition has been recinded. A recindment of the agreement is a material event and would be announced to the public..."


Huh?

Whoaaaaa there, hold it a minute - since when does PLNI announce material events?

What happened when BlueLinx informed PLNI during the first quarter of 2005 that its products were not up to specifications and had to be returned?....This certainly would be considered a material event, yet PLNI took more than one year to inform the public investors of this event. This is particularly important because through press releases during 2005 PLNI had led the investment public to believe that its revenues were into the millions of dollars for 2005, compared to the minimal net revenue of only $65,565 that was finally reported by PLNI for all of 2005.

What happened when when PLNI issued to James N. Turek, Sr., its CEO, 4.3 billion of the 5.0 billion PLNI common shares outstanding between January 1, 2004 and March 31, 2006?...This certainly would be considered a material event, yet PLNI did not make this public information until several years later.

What happened when James N. Turek, Sr. sold approximately 4.1 billion of the 4.3 billion common shares that he received from PLNI?...This certainly would be considered a material event, yet PLNI has yet to announce this event.

What happened when PLNI commited to issue its CEO, James N. Turek, Sr. Preferred Stock that is convertible into 7.3 billion PLNI common shares in return for the the forgiveness of only about $5.7 million in debt?...This certainly would be considered a material event, yet PLNI did not make this public information until months later.

What happend when PLNI increased its authorized common shares from 3.0 billion to 5 billion and then to a whopping 13.5 billion common shares?...this certainly would be considered a material event, yet the investment public had to find out not through PLNI, but by individuals that happened to review the Wyoming corporate web page on PLNI.


The questions remain:

Has PLNI completed the acquisition of Pro Mold, Inc.? - Yes or No?

If so, then when was this acquisition completed?

And if it was completed, then does PLNI still own Pro Mold, Inc.? - Yes or No?

very simple, Yes or No?


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