posted
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
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.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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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+
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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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. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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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?
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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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.
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)
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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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.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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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
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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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
Posts: 221 | From: michigan | Registered: Jun 2005
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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!
-------------------- It's only money..We'll make more tomorrow! Posts: 788 | From: Tx. | Registered: Jun 2005
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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.
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
Posts: 187 | Registered: Feb 2004
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Nothing like Blonds, Redheads, Brunettes in the abundant form. Lets see.... One for every million ay?
Holy crap I need to buy a BUS! Woohooooo Gooo PLNI!
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.
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.
Posts: 187 | Registered: Feb 2004
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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."
Posts: 147 | From: Weston, FL | Registered: Jun 2005
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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.
Posts: 871 | From: New York, NY | Registered: May 2005
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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.
Posts: 460 | From: NC | Registered: May 2005
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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.
Posts: 871 | From: New York, NY | Registered: May 2005
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