InvestorsHub Logo
Followers 0
Posts 463
Boards Moderated 1
Alias Born 03/01/2007

Re: bearclaw51 post# 28832

Monday, 05/21/2007 3:23:40 PM

Monday, May 21, 2007 3:23:40 PM

Post# of 33332
Here's what I know..

Jim Turek ran Plasticon into the ground with $120 million dollars in losses over 3 years, including $19 million dollars the first 3 quarter of 2006.

Jim Turek has issued BILLIONS and BILLIONS of shares, continually diluting the company stock to raise money for his losing venture.

Jim Turek has repeatedly sent out false and misleading press releases about buy backs, uplistings, and contracts to lure the public to buy this stock as he continued to dump shares.

Jim Turek has been painting a rosy picture for 3 years and then blindsides those he fooled with a bankruptcy.

Investors have lost millions and millions of dollars chasing this stock downwards as Turek continued to blow smoke in the public's direction.

Those are FACTS.. Not opinion.

A few weeks ago you guys are hyping up and pumping PLNI future prospects (which were really non-existant in the first place as many including myself has been pointing).. Now you are heralding a victory on a change of venue hearing for a bankruptcy court case? Hilariously entertaining bear.

This company doesn't stand a prayer even if it emerges for several reasons..

#1. The product sucks. Plasticon hasn't been even close to profitability for the past 3 years, why is this going to change now all of a sudden?

#2. Management is totally incompetent. Turek has made bad decision after bad decision. If they had a "Worst CEO Ever" award, Turek would be an even-money favorite.

#3. Management has been deceiving and misleading the public for years, leading to serious questions about the legitimacy of this company in the first place. They are a standard old fashion Stinky Pink. This company is rotten to the core.


Now those three are opinion but extremely well supported by the evidence available.


Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.