Replies to post #19767 on Plasticon International, Inc. (fka PLNIQ)

[shortsinthesand]

rrm I have highlighted my answers in bold below to make it easier

"Again, you twist it your own meaning. I meant "convertible debenture" since that is what PIPE financing is all about."

So you did mean convertible debenture? Ok, but please don't make the silly statement that PIPE financing is all about "convertible debentures". There are billlions of dollars per year in PIPE financing that is in common and preferred equity and not convertible debentures.



'You failed to mention that the par value of PLNI was reduced from .05 to .001 in the same window. Tha theoretical market cap was reduced dramatically, thus making a hostile TO much more viable."

Please stop with you silly par value discussion and this theoretical market cap, particularly when you are talking about a silly hostile takeover of PLNI. You are trying to disguise the fact that PLNI issued preferred stock that is convertible into $42 million worth of PLNI common stock to Turek for forgiveness of only $5.5 million of debt, based on the stock price of PLNI on January 3, 2006, the day that the SEC filings show the debt was forgiven.



"You get off the subject you raised, which was Death sprial PIPE's at a whim. The subject of the 7.3B voting shares has been debated to death. Further, unless you have actually seen the class B conversion annotations you are just speculating as to the conditions of conversion. Have you seen them?"

The death spiral PIPE comments were regarding Vfinance financing. Regarding the preferred shares that Turek received that are convertible into 7.3 billion PLNI common shares, please show me where it was debated to death. You can't because it wasn't. In fact, in many of your last posted messages, you mention that the forgiveness of $5.5 million in PLNI debt by Turek was good for PLNI stockhodler, BUT FAILED TO MENTION ANYTHING ABOUT THE PREFERRED STOCK THAT TUREK WAS RECEIVING WHICH WAS CONVERTIBLE INTO 7.3 BILLION COMMON SHARES. In one quick forgiveness of debt, PLNI managed to increase the fully diluted common shares outstanding by more than 100%.

even if you calculated the conversion of the 7.3 billion shares at todays price your looking at close to 6 million for a 5.5 million debt forgiven...