[PLNI]: Is it ignorance or pure deception?
Is it ignorance or pure deception when it comes to comments on Corporate Finance made by Promoter Rick Matthews ("rrm_bcnu"). In the situations shown below, it is probably pure ignorance in the area of Corporate Finance that is shown by this individual that continues to protect the massive fraud at Plasticon International, Inc.
the_worm06 comments in bold
"...PIPE is a global term. Death Spiral PIPE is not. It implies a convertible debenture, and PLNI has never had one. Your idiot friends on RB don't seem to know the difference. Their posting is beginning to look like a soap opera..."
the_worm06 comments: False statement by Rick Matthews. Death Spiral PIPE does not just imply a convertible debenture. You can also have Death Spiral PIPE's that are convertible preferred stock and common stock with warrants.
"For all. Do not let shorts confuse you as to the marked difference between a private placement and a PIPE convertible debenture..."
the_worm06 comments: False statement by Rick Matthews. There is no marked difference between a private placement and a PIPE convertible debenture, if the private placement is by a publicly traded company. All PIPE convertible debentures are private placements, by definition.
"Again, you twist it your own meaning. I meant "convertible debenture" since that is what PIPE financing is all about..."
the_worm06 comments: False Statement by Rick Matthews. The confusion continues for this individual. Convertible debentures are not what PIPE financing is all about. There is more PIPE financing involving convertible preferred stock and common stock than there is convertible debentures.
"...A PIPE and private placement have differing characteristics..."
the_worm06 comments: The utimate false statement by Rick Matthews. All PIPES are private placements. End of discussion.