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» Allstocks.com's Bulletin Board » Micro Penny Stocks, Penny Stocks $0.10 & Under » PLNI FILES FORM 211Unaudited Financials Out! (Page 1)

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Author Topic: PLNI FILES FORM 211Unaudited Financials Out!
Chopper
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http://www.pinksheets.com/quote/finance.jsp?symbol=PLNI

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It will run when you least expect it. :)

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MikeC
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You sure this time? [Big Grin] j/k Chopper. Thanks.
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TheCreator
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31,000,000 net loss, nice.
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stockforfun
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I hope PLNI will go up ! I am sitting for long time. [Big Grin]
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TickTrader
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Chopper, you da man, all over again. 47 pages... I plan to read each and every one of them. From page 3...

ProMold, Inc & SEMCO, are both recently acquired. The operations from Pro Mold
and SEMCO will be included in the operating results of the Company starting
January 1, 2006, pending SEC filings


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ticked

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will
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This is more eye catching :

Outstanding Shares: 3,727,740,100 as of 2006-01-31

Now according to the financial report : 4,977,740,339.

Revenue $170,809 ? I'm sure shareholders expected that to be much LARGER.

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A million seconds is 13 days.
A billion seconds is 31 years.

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Spartans
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Hey Will...
Take a break for several days while we load up our bank accounts...give it a rest..

The float is 2,165,000,000 and it should all be pop corn over the next couple weeks as all the folks that have been waiting for this stock jump in tomorrow...

Load up, guys...more PR's to come...The 211 filing asssures everything else pertinant to PLNI will start to be released...This company is now fully reporting status...Hang on tight boys this is a company that's going to make money...big time..

Hey Chopper...This morning must have been practice ...right day wrong hour...Thanks man..you made my night...actually my week+

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will
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"The float is 2,165,000,000 and it should all be pop corn over the next couple weeks as all the folks that have been waiting for this stock jump in tomorrow"

Float: 2,304,576,805 as of 2006-01-31 (from pinksheets Company Info page)

O/S increased and the float went down ?

Does publishing unaudited finacials constitute fully reporting status?

--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

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Spartans
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Will...

You can't file a 211 without being fully reporting...The 10K should follow shortly...then Semco financials then Promold financials...
That's why folks will be jumping in tomorrow...
I got fully in last week so getting in is not an issue with me...

I'm just wondering how quick information will continue to be released....No telling how long or how far this could run if they time it right...

This doesn't even factor in the contracts they've been awarded...We're just talking financials for now...

Time to hit the sack...see folks in the A.M.


Does publishing unaudited finacials constitute fully reporting status?

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TickTrader
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OK, I read it... explains a lot. Everyone in on this should read it and others to follow.

ugly and beautiful, always has been my impression of the company. Already got more shares today, need to sell sumpin' to get more.

The last time I saw such tragedy of errors/events was with ADVC (made bank+ on that). When in doubt, trust a company that holds a man's heart, soul, and money.

Thanks again, Chopper. I checked to make sure it wasn't April 1st before I clicked.

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ticked

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T e x
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211--seems clear to me the regs should be here, on-board, for handy reference. Affects too many situations, without being "common knowledge."

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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successinstock
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thanks for starting the thread chop....i like your title better than mine.....

all i can say is FINALLY....


looking forward to tomorrow....i'll buy on the dip <g>

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successinstock
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this info has hit the shorts hard....no leak no nothing....

what a perfect ending to a sh&tty day.

8)

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Spartans
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Hey Success...
I'm with you buddy...

They'll send their army af bash holes tonight and tomorrow trying to hold her down...This should be a fun week...Other than making bank there should be lots of laughs on the ****s for light entertainment...

Now I got to hit the sack...to darn much adreneline to sleep...

quote:
Originally posted by successinstock:
this info has hit the shorts hard....no leak no nothing....

what a perfect ending to a sh&tty day.

8)


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Chopper
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Congratulations all longs and those getting in!

It seemed like a long and arduous wait and not without the loss of a few fellow longs but the patience has and will be rewarded.

Your most welcome fellow Plasticonians for the new thread and please excuse the early jump on it this morning. But it sure was a fun practice run.

Get em while you can cause JT is about to Get er Done!!!! [Big Grin]

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It will run when you least expect it. :)

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stockforfun
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I can't wait for tommorow !!!
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Chopper
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NASDAQ Risk Metrics are looking SWEET now!

http://www.nasdaq.com/services/riskMetrics.stm?&tickers=plni

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It will run when you least expect it. :)

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Chopper
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Information on the form 15c2-11. Should answer some folks questions here.

Form 15c2-11:

Market Makers must complete this form to initiate or resume quotations in the OTC Bulletin Board ® Service, the NQB "Pink Sheets®," or any other comparable quotation medium. By completing this form, a market maker is representing that it has satisfied all applicable requirements of Securities and Exchange Commission (SEC) Rule 15c2-11 and the filing and information requirements of NASD Rule 6740. It is not necessary to file this application if an exemption applies.

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It will run when you least expect it. :)

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Spartans
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Hey Chopper...

Thought you were tired man hahahahaha...The fuse is lit...boosters ready to fire...Overall financials look good...Semco and Promold yet to report and I understand they're terrific financials...How many contract announcements have those two companies been holding for PLNI while all this has been sorted out...

Congratulations to all of you that stuck it out...This is the fun part that makes the wait worth it...Enjoy...

I suspect the pros will start buying at open and covering...The future is clear to them hahahahaha

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successinstock
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this should start the onslaught of PR's that they have been putting together....should not be a one hit wonder tomorrow...imo
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DQ.
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Well,well,well, can I believe what I'm seeing.
Who wooda thunk it.
Guess I'll have to watch PLNI again and see if I can again become a cheerleader! GLTA!

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It's only money..We'll make more tomorrow!

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successinstock
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for every million shares purchased you get a free set of pom poms.....just kidding....i'm sure a lot of longs are quite relieved that numbers (good,bad or indifferent) have finally been issued.

glty

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beefcake
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You are crazy if you think it is bad news.

Increasing Assets and decreasing Liabilities sounds pretty good.
Turnaround of sales 1st qtr of 06 sounds even better.

They had to increase the a/s because the prefered shares was convertable into common. you will not be able to convert them if there was no shares. Just because he has that much does not mean he can not retire them.

Just look at the last few pages around 35-47 it explains everything

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Stock Jockey
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successinstock,

Could I just have the Lady Cheerleaders instead!

Nothing like Blonds, Redheads, Brunettes in the abundant form. [Cool] Lets see.... One for every million ay?

Holy crap I need to buy a BUS! [Eek!] Woohooooo Gooo PLNI! [Big Grin]


quote:
Originally posted by successinstock:
for every million shares purchased you get a free set of pom poms.....just kidding....i'm sure a lot of longs are quite relieved that numbers (good,bad or indifferent) have finally been issued.

glty


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successinstock
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nite all....gltya tomorrow.
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beefcake
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Does not get any better than this

Management’s Discussion and
Review of Unaudited 2005 Financial
Statements
The Company wishes to inform its shareholders and the public regarding the 2005
financial statements and the outlook going forward.
We would first like to call your attention to the Consolidated Balance Sheet, page 1,
regarding Total Assets for 2005, vs. Total Assets for 2004. Regarding the 2005 year-end
December 31 st, please note the increase in Assets from $659,549.00 in 2004 to
$6,684,730.00 in 2005. This represents an increase of over 1000% in Total Assets.
On page 2 of the Consolidated Balance Sheet, regarding Total Liabilities in 2005 vs.
Total Liabilities for 2004. Total Liabilities in 2005 were $5,197,620 while Total
Liabilities for 2004 were $10,665,501. This represents a reduction of the Total
Liabilities from 2004 to 2005 of 52%.
The Company’s Assets exceed its liabilities based on current financial reporting, which
does not include the SEMCO acquisition or the independent appraisal of the Company’s
patents and molds. In addition, the Company has an asset of loss carried forward, in the
amount of $12,821,185. This asset will offset future tax liabilities against earned income.
On page 3 of the Statement of Operations, regarding loss from operations and net
loss, this figure represents a bookkeeping entry according to GAAP (Generally
Accepted Accounting Practices) and FASB (Financial Accounting Standards Board
practices) called Beneficial Interest Expense. The entry of Beneficial Interest Expense
has nothing to do with loss from operations, but is simply a bookkeeping entry of
shares issued during the year 2005. This figure represents the issuance of stock and is
a direct reflection of that issuance, and not loss from operations or net loss. Please note
the decrease in Beneficial Interest from 2004 to 2005 of 57%.
Regarding page 3 of the Statement of Operations, basic and diluted loss per
common share. Please note the decrease from 2004 to 2005 of .07 to .01
respectively, which represents a decrease in loss per common share of 86%. This
trend shows the Company is close to positive earnings per share, and in fact, will
show in net positive earnings per share in 2006.
The Company is pleased to have completed its unaudited financial statements and posted
them on www.pinksheets.com and will shortly hereafter file its fully audited statements
with the SEC and post them on www.pinksheets.com as well.
In general, as we reflect upon Plasticon’s December 31, 2005 year-end financial
statements, every aspect shows positive trends for the Company and we are confident that
FY 2006 will be the most positive year for Plasticon International, Inc., in terms of sales
and earnings. The Company has begun the second stage in the life of this organization
and has commenced its initial growth years with the first quarter of 2006. We base this on
two major acquisitions, Pro Mold, Inc. and SEMCO Mfg, Inc., as well as the rollout of
our major distribution contract with the nation’s largest distributor of building materials.
The first quarter of 2006 has been a dramatic turnaround in sales and earnings for the
Company, and this will be reflected in the audited quarterly statements for 2006.

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stockforfun
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good
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stockforfun
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ask : .0049
Bid : .0045

Yesterday closed : .0042

8:07am

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Homerunner
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Plasticon Posts 2005 and 2004 Financial Statements and Disclosure Document on www.pinksheets.com

LEXINGTON, KY, Apr 25, 2006 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (OTC: PLNI) is pleased to announce that the company has posted unaudited 2005 and 2004 financial statements and a full disclosure statement on www.pinksheets.com, with audited financial statements to follow.
Plasticon's financial statements do not include results of operations from the SEMCO Manufacturing and Pro Mold acquisitions and back orders from their exclusive distribution contract with the nation's largest distributor of building materials. Additionally, the financial statements do not reflect patent and mold valuations, which are footnoted in the financial statements. At present, an independent appraisal of the Company's patents and molds is in excess of $20,000,000.00. For more information regarding the independent appraisal, please see supporting documents attached to financial statements.

According to Jim Turek, President and CEO, "The Company is pleased to have made progress with its accounting issues and as we prepare to file audited financial statements with the SEC, Plasticon will now turn its attention to the issue of the share structure of the Company. With that in mind, we have retained legal representation along with logistical support organizations and have begun the process of preparing its SEC filings and subscription agreements in order to proceed with the buy back program. The Company has instructed its legal representation and logistical support organizations that we fully intend to proceed with the buy back program immediately. We expect an announcement regarding the commencement of the buy back to be forthcoming."

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Chopper
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Nice catch Homerunner,
I was so excited about the news I forgot to post it.. LOL Good luck to us all! [Big Grin]

--------------------
It will run when you least expect it. :)

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TickTrader
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my forward looking statement... Hope to see PLNI in the dollars, where it belongs.

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ticked

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mbmaid
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30,000,000 in losses? I hope many investors shed a blind eye to this. I for one will not be adding. That's brutal.
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bobcat88
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Dang, guess I need to dust off these old shares and make 'em look pretty again!

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"Man who excels at putting worm on hook is Master Baiter"

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Buckeye
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Be prepared to get yelled at MBmaid. I ditto your post, BUT most want to see this run so bad (20-40% possible today) that any posts similar to yours won't be received to well. Hope everyone does well.
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mbmaid
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Hey, I've been holding this forever. I want to see this do as well as anyone. I just need to be realistic. I hope I'm wrong.
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