Replies to post #23567 on Plasticon International, Inc. (fka PLNIQ)

[avdave]

Of those shares 3,603,771,000 were issued to the majority shareholder. The
shares issued represent compensation of $14,846,168 based on the fair value of the stock upon the date of issuance.

I know CEO compensation is a point of contention at many companies, but this has to be a record of some kind. The CEO gets compensation of close to $15million in a single quarter for a company that had sales of less than $2 million during the same quarter. Are there any other examples from other real companies where CEO compensation is 8X sales?

[bearclaw51]

Sheetsinhispants...Thanks for posting info I read yesterday...but...you've been a day behind and a dollar short all along..watch out it's coming hahahahah...

[avdave]

"In January 2007, the company was presented an offer from PCI and LexReal, the holders of $7,129,299 in subscribed common stock, to convert those subscribed shares at $.00011 per
share. The arrangement was opined by William Aul, Esq. the corporate SEC attorney for the purpose of SEC compliance. The conversion of the Subscribed shares is at the desecration
of LexReal or PCL"

FYI - that's about 650BILLION shares that can be converted at the desecration(sic) of LexReal or PCL(sic). What kind of share restructuring is going to help any longs out there?