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Re: rrm_bcnu post# 28889

Tuesday, 05/22/2007 10:32:51 AM

Tuesday, May 22, 2007 10:32:51 AM

Post# of 33332
I'm going to go on record now that I don't intend to participate in the "exchange" program. If Turek is on the level about saving this company then it will be apparent by July based on whatever actions he takes to do so. Most of us have been sitting around for more than a year waiting for result and this just puts us in a position where we have to sit around for 2 more years and maybe end up with nothing. Everyone has a different tax situation to consider but in my case I may very well find PLNI useful in 2007 as a capital loss based on gains I've made in other investments. Each person has to make whatever decision benefits them most. That said, I don't see any advantage in selling now or before July but I don't see any reason to accept the preferred shares and wait 2 years.

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