Plasticon International, Inc. (fka PLNIQ)

[state780]

"Technically, I don't consider the purchase of a new division of the company with stock as dilution at all.

It's like taking money out of one pocket and putting it in the other. Nothing is technically lost. You have more shares...but you have a bigger company with more assets."

Well, that's fine if you want your own private language. But that's a textbook definition of stock dilution. They basicaly printed shares to buy Semco (under that scenario--later you say, maybe the didn't.) More shares existed than (we knew about) yesterday.

So it's not like taking money out of one pocket and putting it into another. It's more like going to a Xerox machine and copying dollar bills and putting THOSE into your pocket. It wouldn't be dilution if he took stock already out there and exchanged it for equity in Semco, but that doesn't appear to be what happened.

Whether it creates a company with more value--counteracting the dilution--depends entirely on the structure of the deal. Which, like most everything else, is still a secret. You basically have to take it on faith that Turek hasn't misled you about increasing value. If anyone wants to take a flyer on that given the history of this company, bon chance!

Glad to see stockholders didn't get massacred today--except that this enables Turek to run the same deception all over again.