Plasticon International, Inc. (fka PLNIQ)

[Sekrah]

Capital Stock Subscribed

Shares acquired under an installment plan; also termed subscribed stock. In this way by making a down payment, a potential stockholder reserves shares that may be issued only when full payment has been received. The entry at the time of subscription is to debit cash and/or subscriptions receivable and credit capital stock subscribed and premium on capital stock, if any. Capital stock subscribed is shown under capital stock in the stockholders' equity section of the balance sheet. If a subscriber defaults on the subscription, the company must account for it in accordance with the laws of the states of incorporation.

http://www.answers.com/topic/capital-stock-subscribed

"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."



PLNI owes $7,129,299 in shares to PCI and LexReal.

At .00011 it comes out to a little over 64.8 billion shares.. That's where the stock price is about to be very very shortly if this deal is accepted by Turek (which the corporate attorney suggests he do so), if he doesn't he may be defaulting on the subscribed shares (Rut Roh) so please.. keep adding to your position here.. LOL