InvestorsHub Logo
Followers 5
Posts 866
Boards Moderated 0
Alias Born 02/18/2005

Re: Renee post# 6337

Thursday, 11/15/2007 10:25:24 AM

Thursday, November 15, 2007 10:25:24 AM

Post# of 20865
Somebody KNEW something! And Bain didn't like it. imo

In the course of our Board work, we uncovered some significant accounting irregularities. Upon our notification to you of such irregularities, you immediately filed an 8-K attempting to terminate us. We have no choice but to raise such matters to regulatory authorities as we can not apparently attempt to resolve them internally.


Additionally, we had been working on proposals brought to the Company that, had we been permitted to pursue them, had the potential to provide shareholders with significant value. Since you have attempted to block such deals, we feel we can no longer do an effective job as Board members nor fulfill our fiduciary duties.

We note in your 8-K filed today that the Company's subsidiary entered into a letter of intent of October 10, 2007. This was done without Board knowledge or approval.
http://www.sec.gov/Archives/edgar/data/1123845/000106266307000069/planetlink_8k.htm

GOOD TIMES AHEAD

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.