[PLNI] Plasticon International, Inc. agrees to issue 64.8 BILLION common shares to its CEO James N. Turek, Sr. to convert only $7.1 million

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64.8 billion common shares is approximately TEN times the amount of common shares outstanding at the time that it was publicly released by PLNI.

PCI and LexReal are two wholly owned companies of PLNI CEO James N. Turek, Sr.

In order to comprehend the magnitude of the massive stockholder dilution that the conversion of subscribed shares will result in, before the issuance of the Proxy Statement below, the last reported common share outstanding figure reported by PLNI was 5.0 billion shares as of June 16, 2006 and the current Authorized Shares figure is 13.5 billion shares:




From the Proxy Statement issued by Plasticon International, Inc. (PLNI) for the Annual Shareholders Meeting scheduled for March 16, 2007.

http://www.investorshub.com/boards/read_msg.asp?message_id=17575840

"In January 2007, the company was presented an offer from PCI and LexReal, the holders of $7,129,299 in subscribed common stock, to convert those subscribed shares at $.00011 pershare. The arrangement was opined by William Aul, Esq. the corporate SEC attorney for the purpose of SEC compliance. The conversion of the Subscribed shares is at the desecration of LexReal or PCL"

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From the June 30, 2006 PLNI 10-QSB

http://snipurl.com/1dylb


ITEM 6. EVENTS SUBSEQUENT TO THE QUARTER ENDED JUNE 30, 2006

In January 2007, the Company was presented an offer from PCI and LexReal, the holders of $7,129,299 in subscribed common stock, to convert those subscribed shares at $.00011 per share. The corporate attorney for this purpose issued an opinion letter supporting the transaction

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From the Sept. 30, 2006 10-QSB

http://snipurl.com/1d42m


ITEM 6. EVENTS SUBSEQUENT TO THE QUARTER ENDED SEPTEMBER 30, 2006

In January 2007, the Company was presented an offer from PCI and LexReal, the holders of $7,129,299 in subscribed common stock to convert those subscribed shares at $.00011 per share. The corporate attorney for the Company issued an opinion letter supporting the transaction.







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