Hear me out! I've been trading penny stocks for 1
Post# of 7775
Posted On: 11/25/2014 10:15:00 PM
Re: wingman101 #654
Hear me out! I've been trading penny stocks for 10 years. I had this stock called PLNI and the CEO was Robert Turek. He is in jail now for 18 years on a combination of 4 counts of securities fraud and 3 counts of tax evasion. I was a shareholder witness during his trial. Look up my PLNI posts on Ihub back in the 2004-2007 timeframe. I could also post my subpoena to the trial if my credibility is an issue here.
CEO Turek publically advertised not taking a salary on a web based stock program. Shareholders thought that was great and very generous of the man. PLNI was issuing one pump PR after another in order to inflate the PPS. Turek claimed in one PR that his patented plastic molds were worth in the millions but PLNI didn't own the molds. In lieu of not taking a salary he was issuing himself shares. PLNI was an SEC filer and was suppose to be producing SOX audited financials. CEO Turek never reported the shares he issued to himself in the financials so all the DD in the world would never reveal the dilution. He also signed the notes to himself as CEO and CFO and back dated them. Then he sold the shares he issued to himself on the open market during one of those PR'D pumps. The stock ended up nose diving into the greys and PLNI filed bankruptcy. Many shareholders complained to the SEC and the investigation proceded. One day and well over a year later I received a call from a Kentucky based FBI agent of the SEC asking for my help. I knew one shareholder who had over $250K into the stock so there were many believers and many longs who lost much money.
I lost $35K on PLNI and my only satisfaction was looking in the eyes of the CEO while he was going down.
Here's my point: You claim your "new to this"? Well let me clue you in! Sell tomorrow because it's not for you! If your not prepared to lose your entire investment then get out now! I can tell just by your emotional response to Goodspeed that your losing your nerve over your GRCU investment and you admit that it's just because they don't communicate enough. Funny that The Apostle bitches about the same thing! PLNI communicated very often and effectively and some of the news was DD'd to death and very real. What nobody knew was what CEO Turek was doing behind the scenes. You either trust those running the company or you don't!
CEO Turek publically advertised not taking a salary on a web based stock program. Shareholders thought that was great and very generous of the man. PLNI was issuing one pump PR after another in order to inflate the PPS. Turek claimed in one PR that his patented plastic molds were worth in the millions but PLNI didn't own the molds. In lieu of not taking a salary he was issuing himself shares. PLNI was an SEC filer and was suppose to be producing SOX audited financials. CEO Turek never reported the shares he issued to himself in the financials so all the DD in the world would never reveal the dilution. He also signed the notes to himself as CEO and CFO and back dated them. Then he sold the shares he issued to himself on the open market during one of those PR'D pumps. The stock ended up nose diving into the greys and PLNI filed bankruptcy. Many shareholders complained to the SEC and the investigation proceded. One day and well over a year later I received a call from a Kentucky based FBI agent of the SEC asking for my help. I knew one shareholder who had over $250K into the stock so there were many believers and many longs who lost much money.
I lost $35K on PLNI and my only satisfaction was looking in the eyes of the CEO while he was going down.
Here's my point: You claim your "new to this"? Well let me clue you in! Sell tomorrow because it's not for you! If your not prepared to lose your entire investment then get out now! I can tell just by your emotional response to Goodspeed that your losing your nerve over your GRCU investment and you admit that it's just because they don't communicate enough. Funny that The Apostle bitches about the same thing! PLNI communicated very often and effectively and some of the news was DD'd to death and very real. What nobody knew was what CEO Turek was doing behind the scenes. You either trust those running the company or you don't!
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