Wicklund Holding Co · 10-K · For 12/31/04 Filed On 5/4/06 4:52pm ET · SEC File 0-10299 · Accession Number 1331186-6-23
On January 15, 2006 the Company purchased the controlling shares of Semco Distribution, Inc. a Nevada corporation and Ultimate Surface LLC, a Nevada limited liability company. The purchase was for a total sum of $2,750,000 payable as follows; $100,000 deposit, $550,000 upon completion of escrow, shares of restricted common stock with a valuation of $100,000 and $2,000,000 to be paid as cash performance payments based upon certain funding requirements.
Can you imagine trying to sell those quantities of restricted stock? You suppose Sam Sems has worked all these years, finally sold his business for a tidy profit, and just couldn't wait to sell Restricted Shares via a B/D trade (10M share trigger not broken) so he can spent the next 20 years in Federal Prison??? You suppose that MM is unaware that all trades of PLNI are possibly being monitored by the FBI due to the ADP data theft?
That's just about as good as the 43.8 Trillion share post.
I have to stop.... splitting my sides here....
► Any comment provided is my personal assessment/opinion of the indicated stock. "When the gods wish to punish you, they grant your wishes. Therefore be careful of what you wish for."
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