the_worm06

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

Tuesday, November 21, 2006

[PLNI]: A promoter continues to protect Plasticon International, Inc.

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Pay attention as promoter Richard R. Matthews (Rick Matthews, "rrm_bcnu") continues to protect a company that has issued numerous false and misleading press releases, filed false and misleading financial statements with the SEC and pinksheets and has issued about 4.3 billion of its 4.9 billion common shares to its CEO, James N. Turek Sr., who has sold at least 4.1 billion of these common shares (approximately 3 billion common shares sold during the first quarter 2006 alone).

Somehow, according to this promoter, if a company owns a few assets and has a few employees it cannot be a scam. Yet, it is probable that PLNI will eventually be considered one of the top five biggest pinksheet frauds ever.


http://www.siliconinvestor.com/readmsg.aspx?msgid=23032343

To: Pied Piper who wrote ()
11/21/2006 1:59:42 PM
From:
rrm_bcnu
Read Replies (2) of 9146

I am neither naive nor part of a scam. Most Pinksheet stocks are for the most part just paper creating machines. They have little history and even less information. They have no assets, liabilities, or future prospects since they exist only on paper. They are ALL very high risk plays.

PLNI is now quite different. It has multiple companies, material assets, revenue, liabilities, employees, contracts, distributors, products, and venue. In short it is the real deal. There is very little difference between PLNI and thousands of other companies currently in operation. One difference is that the creation of this company has been accomplished on a shoestring when it comes to the number of personnel at the corporate headquarters being used to get the job accomplished. The resulting time delays are clearly too great to inspire investor confidence. The missed deadlines and unforeseen changes in expected activity are quite common to any business that is understaffed and underfunded.

The question is, what will PLNI do about it? Will they staff to the level required to accomplish the tasking in a timely manner or not? That is the real key to their success.

No company with more than 50 employees is a scoundrel. If you feel Turek is a scoundrel then you need to sue him in court. Maybe you already have? Otherwise, what you do here is tortious interference with his right to freely conduct business.

If you have charges... make them. If you have proof of those charges you will undoubtedly win in court. If not you will undoubtedly lose. Regardles, those of us who invested in PLNI have a right to expect that our business will not be interfered with frivolously.

Your choice.

rrm




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