[PLNI]: It's those evil bashers and evil naked short sellers again

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Pay attention as an investor from North Carolina who got stuck with a bunch of PLNI shares while "swing-trading" the stock blames the evil bashers and evil naked short sellers on the 95% drop in the PLNI stock price.

He, of course, forgets to mention that from Jan. 2004 to March 31, 2006 (according to PLNI documents filed with the SEC and pinksheets.com) PLNI issued 4.3 billion shares to PLNI CEO James N. Turek, who then proceeded to sell 4.1 billion of those shares. According to SEC and pinksheets.com filings by PLNI, CEO Turek sold 3 billion of these shares during the 2006 first quarter alone. At the average PLNI stock price during the 2006 first quarter, the 3 billion PLNI shares that were sold by CEO Turek were worth about $21 million.

Yep, it is those evil bashers and evil naked short sellers alright.


http://www.investorshub.com/boards/read_msg.asp?message_id=13744074




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