InvestorsHub Logo
Followers 13
Posts 3872
Boards Moderated 0
Alias Born 11/09/2005

Re: None

Wednesday, 08/22/2007 10:03:22 PM

Wednesday, August 22, 2007 10:03:22 PM

Post# of 33332
Regarding the current Plasticon situation, and just to clearly illustrate the mindset of individuals in this battle of Bears vs. Bulls, here is an SI post critical of my conviction to track and document the behaviors of certain posters who drive companies, and their honest investors, into the dirt for the sake of some amazing vigilante justice logic that IMO is totally without merit... that doesn't even consider the possibility of trading in conjunction with such campaigns which is very probably a violation of securities laws.

To: Jeffrey S. Mitchell who wrote (9846) 8/17/2007 3:09:46 AM
From: Jeffrey S. Mitchell of 10076

Re: 8/16/07 - [PLNI] "Where ever they go, whatever stock they turn to next... I'll be there... collecting and reporting."

Background: Plasticon and its wholly owned subsidiary Pro-Mold recently declared bankruptcy. The CEO, James Turek, just finished his own personal bankruptcy as well as those of two other prior wholly owned subsidiaries back when the company was known as Wicklund. Turek's attorneys are apparently being forced out because they withheld information that would have identified a conflict of interest, and Turek himself faces an indictment by the US Attorney for fraud. Nevertheless, it's still the fault of the bashers, who therefore should be cyberstalked "until I end my days." Pathetic.

-----

Posted by: rrm_bcnu
In reply to: DTL who wrote msg# 31541 Date:8/16/2007 10:27:17 PM
Post #of 31549

DTL,

I believe they were deposed. Need to check back to be sure.

You know, what really angers me the most about those who revel in their joy about taking down PLNI is that they don't seem to care one bit about the people and lives that the whole incident represents.

The employess of Plasticon and ProMold are in real danger of losing their livelihood as the kids go back to school and the holidays approach.

The shareholders who invested could see the trading in PLNIQ stopped by the SEC. Some I know have hundreds of millions of shares, their entire life savings involved. The gloaters just say "Hey, they bought their ticket, let em die!" This isn't about who wins anymore. This is about what is right and what is wrong.

Those of us who have fought against the manipulation we saw in the trading of PLNI, who are shareholders and have been threatened with lawsuits, and in some cases personal threats, will be on the trail of those who did this for the rest of our lives. I have no reason not to continue to collect evidence on those who gloat about this until I end my days. Where ever they go, whatever stock they turn to next... I'll be there... collecting and reporting.

If someone in Plasticon is responsible for misdeeds I hope the Trustee uncovers it and takes action. I also hope that the Trustee examines the Issued vs the Outstanding of shares held in street name in detail and advises the 12,000+ shareholders as to that status in an official court document. If the Trustee examines the daily trading stream of PLNI they can't help but witness the bogus trading and manipulative actions we witnessed.

We finally have someone examining the truth... and although that is a strong positive in the battle for good, it may result in all of the shareholders losing everything they invested in. The only winner in that situation would be those who hold phantom shares they've already been paid for. They would never have to worry about covering and paying taxes on something that doesn't exist any longer.. now would they.

rrm


http://investorshub.advfn.com/boards/read_msg.asp?message_id=22141827

http://siliconinvestor.advfn.com/readmsg.aspx?msgid=23802852

-------------------------------------------------------------------

Note please the following comments of Dave Patch of InvestigateTheSEC.com (SI poster Patchie) who again refutes an "industry defender" as he attempts to justify the scam of illegal and manipulative shorting. http://www.faulkingtruth.com/Articles/Investing101/1013.html

-------------------------------------------------------------------

To: Jeffrey S. Mitchell who wrote (100097) 8/22/2007 4:06:36 PM
From: Patchie 1 Recommendation of 100105

Jeff, funny how you can define what a pothole is and what is a sinkhole. Who made you the grand wizard?

I look at it from a dollars and cents standpoint and a POS company with even 10,000 investors can rape the markets of far less than a rogue brokerage system impacting 93 Million investors. One involves a maximum of 10,000 people and the other 93 Million. If you think of it logically, the issue I am attempting to address can allow a POS company that would otherwise have 5000 investors to grow to 10,000.

I am really amused by this pompous statement "When people like you give them an alibi for their tawdry existence, you become nothing more than an enabler" as what you are saying is don't speak up about abuses because some may take advantage beyond those who already do. It is better to simply ignore it. That is the most cowardly statement I have ever heard. Didn't your buddy Elgindy become an enabler?

As for whether you endorse me or not, I have my opinions. Apparently stating personal opinions here enables fools and cowards like you to come out and attack and think that you are not deserved of a response in kind. Records will show that I did not bring the confrontation, the board members here did and I am not one you will be able to bully away so you can sit by here in peace.

You do not fool me Jeff, you are a self centered and arrogant fool that is not capable of grasping the need for necessary changes and the need to expose and rid abuses. TWO count them TWO seperate laws have been changed regarding shorting practices with more to come. State Legislature has drafted changes, and Congress will hold hearings on this. Only you and the fools here want to bury your head in the sand and say it should be left alone for the sake of not enabling


-------------------------------------------------------------------

So here we are.... the Bears saying it is pathetic to defend the Innocent Until Proven Guilty Concept of Law and to track the behaviors of those who might use it as a shield to conceal other agendas... and the Bulls who fight for the concept and hold for the truth to be revealed and adjudged before passing judgement on individuals.

Pick your side... I'll fight the Bulls fight till I die.

P.S. That is the first I've heard regarding a reason for lawyers to pull out of the Plasticon fight. Where did Mitchell get that information? Just a curiosity.. isn't it?

Note: It is impossible to discuss the past two years of posting on this board without discussing the above issue. The posts were shown to illustrate the depth of the feelings regarding the subject, not as any sort of personal attack.





► Any comment provided is my personal assessment/opinion of the indicated stock. "When the gods wish to punish you, they grant your wishes. Therefore be careful of what you wish for."

Join InvestorsHub

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.