Mr. Pumpy the Paid Promoter attempts to justify the issuance by PLNI of 1.4 billion common shares in the period of 1 1/2 months. During this same period the float increased by 1.7 billion common shares to 2.3 billion shares, almost 4 times the amount released by PLNI for December 7, 2005.
Mr. Pumpy forgets to mention that during this period PLNI had stated that it was in a share buyback mode. He also forgets to mention that PLNI had stated that the acquisitions in question (Pro Mold and Semco) would not cause the PLNI stockholders to be diluted. He forgets to mention that M&A attorneys fall under the category of M&A expenses already stated by him. Finally, he forgets to mention that PLNI has not closed the acquisitions.
Additionally, Mr. Pumpy discusses the high level of attorney expenses needed to fight off an evil bear raid. There was never a "bear raid". What are these attorney expenses for?...the cost of collecting message board posted messages? It is all in the imagination of Mr. Pumpy.
Mr. Pumpy the Paid Promoter is now reaching to the gutter in his failed attempts at justifying the way PLNI is doing business. When will he stop trying to mislead the public? Just recently Mr. Pumpy was caught misleading the public by stating that he had confirmed that PLNI would issue audited financial statements by February 14th (http://snipurl.com/mg4x
). February 14th came and went, yet PLNI failed to produce the audited financials - which is EXACTLY what the_worm06 had earlier predicted.
Sad. A very sad individual indeed.http://www.siliconinvestor.com/readmsg.aspx?msgid=22170661
To: Creede Bighorns
who wrote (192
2/15/2006 3:30:33 PMFrom
193 of 193
As I see your post being re-posted around the internet on every stock board by those identified with the Anthony@pacific guru-crowd I realise just how much ones inexperience can be used to promote the "grand revelation" correlary to the "I've Seen The Light" hypothesis.
I think you have made your point very clear. And although it would be very easy for me to take a neutral stance on the issues, I feel it important to make a single point and move on.
I realize that you have taken the position that PLNI's sale of shares is but another in a long list of stocks who are diluting and running. You may be right in saying that, and you may be totally off base. Your question about where the money was spent has yet to be determined in the case of PLNI. Yet, in your mind PLNI is tried, convicted, and now sentenced.
I am still uncertain that PLNI will clear up to your satisfaction the issues with respect to share issuance, but I can say that in any business...
1) Large capital hardware increases cost real money.
2) SOX Auditors cost real money.
3) SEC certified attorneys to work M&A and fight off a bear raid costs real money.
4) New business operations cost real money.
5) Merger and acquisition expenses cost real money.
6) New executive operations personnel cost real money.
In summary, mergers are not cheap. They cost serious money and require focus and dedication. The executive staff alone has tripled.
You are certainly entitled to your opinions. And as long as you voice those opinions in such a loud an demonstrable way, you will garner attention. It may not be the attention you desired, nor may it be positive. But your comments are now being touted as the grand revelation of the former believer.
I hope you are comfortable in that role, because should the PLNI management satisfactorily explain the reasoning for the share issuance, you will have a massive amount of crow to digest. As one who has eaten a large volume of crow due to PLNI I can tell you that it lacks taste and does not go down well.