posted
I like this statement in the Outlook for the Future: "The breakout has clearly begun and this is evidenced in the financial statements.The momentum and tide in sales and earnings has unmistakably swung to a favorable position for Plasticon International as we strive to grow the Company throughout the global marketplace."
Posts: 48 | From: Texas | Registered: Jul 2005
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posted
Holy crap Chopper...nice surprise...I came here to close out for the weekend and find this hahahahah...Great find buddy...
Look for a fun Tuesday folks...The increase in the first quarter of 2006 from 2005 is huge...The ProMold and Semco deals are included...I just skimmmed over it so I better read the whole thing before I comment further...Good news for those holding and good news for folks wanting in Tueasday...
We should see the multiple contract announcements coming out on PR's now that the deal is done IMHO...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
Total revenues for the 2005 Quarter ending March 31st 2005 was $82,370 vs. total revenues for the 2006 Quarter ending March 31st 2006 was $1,830,534, which is a 2,222% increase in sales over the same quarterly period. Gross profits for Q1 2005 was $79,860, vs. gross profit for Q1 2006 was $684,752, which is an increase of 859%.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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As I mentioned on the other thread this reinforces my confidence in this company!!! Good find, I too was not looking for this and walla there it is!!! Have a great looooooooooong weekend!
-------------------- "It's a head game...climbing a mountain that is, 20% physical:80% mental." Posts: 104 | From: San Diego, CA | Registered: May 2006
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PLASTICON INTERNATIONAL, INC. Management’s Discussion and Review of Unaudited 2006 First Quarter Financial Statements A review of the first quarter of 2006 financial statements clearly reveals a breakout pattern for Plasticon International, Inc. in comparison to previous quarters. The Company has now begun its rollout of the former Georgia Pacific, now BlueLinx, exclusive national distribution contract. Balance Sheet: A review of the balance sheet will show an increase in accounts receivable of 800%, using only the first quarter of 2006 as compared to the entire FY of 2005. Total Assets: went from $6,233,569 to $8,454,879, increasing in the first quarter of 2006 alone by 27% vs. the entire FY 2005. Regarding the statement of operations, total revenues March 2006 vs. March 2005: Total revenues for the 2005 Quarter ending March 31st 2005 was $82,370 vs. total revenues for the 2006 Quarter ending March 31st 2006 was $1,830,534, which is a 2,222% increase in sales over the same quarterly period. In addition the first quarter comparison of numbers from FY 2006, vs. yearly numbers for FY 2005 shows signficant progress towards profitability. We anticipate the Company to continue to show earnings improvements throughout FY 2006. Gross profits for Q1 2005 was $79,860, vs. gross profit for Q1 2006 was $684,752, which is an increase of 859%. The gross profit margin in Q1 2005, was 4% vs. the gross profit margin for Q1 in 2006 was 37%. This reveals a substantial improvement in productivity and overall production operating efficiencies of the Company. In reviewing the $10,068,108 for operating expenses, the following factors have to be considered: The figure of $8,679,000, as referenced in the footnotes of the financial statements, number 13, page 6, Common Stock, paragraph 1, were incurred under the GAAP (Generally Accepted Accounting Principles) and FASB (Financial Accounting Standards Board) rules of beneficial interest expense. As the Company has described in the past, beneficial interest expense is not an operating expense. It is merely a bookkeeping entry reflected, due to the issuance of stock to the majority shareholder, for capital contributions made to the Company. If we remove the $8,679,000, from the $10,068,108 for total operating expenses, we arrive at a figure of $1,389,108, which is the actual operating expense of Q1 2006. When this is compared to the operating expense for Q1 2005 of $2,493,933, this represents a decrease in operating expenses of 56%. Loss From Operations: Again, as we review the loss from operations, we must factor in beneficial interest expense of $8,679,000 minus the $9,383,356 that is actually reflected in the financial statements, which leaves us with an actual loss from operations of $704,356. If we then compare the actual loss from operations in Q1 2006 of $704,356, vs. the loss from operations in Q1 2005 of $2,414,073, this is a decrease in loss from operations from Q1 2005 to Q1 2006 of 71%. Net Loss: Again, regarding net loss, we must remove the beneficial interest expense of $8,679,000 from the figure reflected in the financial statements of $9,437,270, which then gives us an actual net loss of $812,184. When we compare the actual net loss from Q1 2006 of $812,184, vs. the net loss of Q1 2005 of $2,507,552, this represents a decrease of 68%. Statements of Cash Flows: Again, under net loss, we must deduct the $8,679,000 of beneficial interest plus interest expense and other expense, and we arrive at a figure of $812,184. This is the actual net loss, after deducting for the beneficial interest expense, which as has been described, is a bookkeeping entry and not actual net loss. Outlook for the Future: An analysis of the financial statements reveals positive movement in every category of accounting. The Company has made significant progress toward profitability and will continue to move toward positive earnings per share. Plasticon has now begun its growth years in earnest, where sales and earnings will be increasing year over year for the foreseeable future. The Company continues to innovate and invest a substantial amount of working capital in R&D as well and continues to strive to develop strategic relationships not only nationally, but internationally as well. The breakout has clearly begun and this is evidenced in the financial statements. The momentum and tide in sales and earnings has unmistakably swung to a favorable position for Plasticon International as we strive to grow the Company throughout the global marketplace.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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Thinking about picking up more shares at open on Tuesday...The more I think about it the more I think it could run hard for several days... especially if they PR other developments...
Decisions, decisions, decisions...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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May 26, 2006 (M2 PRESSWIRE via COMTEX News Network) -- Today our stock watch alerts today include stock alerts for Global Environmental Energy Corp. (OTCBB: GEECF), Hybrid Fuel Systems, Inc. (OTCBB: HYFS), Molecular Pharmacology (OTCBB: MLPH), Systems Evolution, Inc. (OTCBB: SEVI), Plasticon International (OTC: PLNI)
posted
well whatdayaknow, it looks like things may be coming back to life again. Maybe Cold sold his shares last week lol...speaking of, where is he anyway? This could use some good 'ol Cold bashing next week to help it run Posts: 136 | From: State of Confusion | Registered: May 2005
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Special Updates From the Green Baron Plasticon Intl. (PK: PLNI)
Plasticon Files Un-audited Year 2005 and First Quarter 2006 Financials on PinkSheets.com
Latest filings indicate PLNI will regain listing on PinkSheets.com and emerge from quiet period
In our last major update on PLNI on May 10, we urged our members to have “just a little more patience, and we believe the reward will be worth the wait”. We understand that the past several weeks have been frustrating as PLNI has tested lows at about .0037 per share, a level not seen since last December. The closing price of .004 per share on Friday, May 26 may very well be the lowest price we see again on PLNI stock.
In a press release issued on May 8, 2006, CEO Jim Turek stated, “In the coming days and weeks, the Company will be making additional financial information available to its shareholders and the public, which will include un-audited financial statements for the first quarter of 2006. These numbers will clearly show a dramatic turnaround in the sales and earnings of the Company and demonstrate unmistakably that the Company has turned the corner has now begun the initial stages of its growth years.” It took less than three weeks for PLNI to deliver on this statement, and The Green Baron Report believes Plasticon and CEO Jim Turek are ready turn up the fire.
Revenues for the first quarter of 2006 did, in fact, show that Plasticon has turned the corner. The Company recorded over $1.83 million in revenue in just three months, a revenue number that trumps any other revenue figure reported by Plasticon. The spark in growth indicates to The Green Baron Report that Plasticon is indeed for real, and we are likely seeing just the embryonic stages of a huge growth story. The 17-page unaudited first quarter numbers can now be viewed at https://www.otcstockinfo.com/repository/671/671_FR12.pdf.
The last time Plasticon resurrected itself from a trading level similar to recent weeks was last December. During the month of January 2006, PLNI stock rallied from about .0036 per share to as high as .0109 per share. The Company was criticized for over reporting its contracts and business plans prior to producing financial reports. In the beginning of February, PinkSheets.com would no longer list PLNI stock unless it filed unaudited financials all the way to its most recent quarter and answer a long list of questions. PLNI stock has suffered while it focused on getting all these reports completed and held off from announcing deal flow.
Although a final approved audit of year 2005 numbers will be necessary before PLNI can apply for a Bulletin Board listing, we believe the un-audited filings will now give Plasticon the ability to explain its tremendous growth story. In the coming weeks, The Green Baron Report plans to conduct at least one exclusive Green Baron Webcast interview with Plasticon. We are intent on making the company answer our questions, many of which have come directly from our loyal readers.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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Plasticon/SEMCO/ProMold (Pink PLNI): has been in the recycled plastics business for 17 years. The company's line of patented, plastic concrete accessories has been approved or accepted in all 50 states and several foreign countries including Poland, Israel, Canada, Mexico, and Egypt. In addition, its transportation signage has received DOT approval or acceptance in all 50 states. Specifically, Plasticon offers for resale: ..1. Rebar supports ..2. Plastic lumber ..3. Plastic signage (i.e.; highway and state signs) ..4. Office products including file folders and binders ..5. Impermeable concrete-like products made from recycled glass. SEMCO offers wear and weather resistant surfacing products. ProMold is the injection molding production facilty... RTQ's & L-II:http://plasticonintl.com/investor_relations.html Website(s):http://plasticonintl.com/ & http://www.semcomfg.com/ .
Posts: 1113 | Registered: Jun 2005
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quote:Originally posted by Brad C: All the news is going to make this stock be a good one to have this week.
You better collect quickly and hold on a lot longer that that. The shareless flippity-dippers are going to have a terminal case of "..Too many commish's & I still blew it Blues.." real soon!!!
quote:Originally posted by GVMOORE: Can anyone guess the PPS in 5yr. Adding shares in a few hrs. GLTA.
No idea about PPS 5 hours from now nevermind 5 years...but...I'm adding to my position at open also...This should gap and run this morning on the financials...be nice if they follow it with a PR before open...IMO
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
Plasticon has now filed the last item it needed to be relisted on the Pink Sheets folks! The Legal Opinion of Tradability. Form 211 and audited financials are not far behind IMO.
posted
I've been watching PLNI for a while now, the pieces to the puzzle are finally coming together and we will see a very significant increase in price very soon. It's only a matter of time now boys, major announcements are coming, the time to buy is now!
posted
Hey Buck, I know two people with TDA accounts that called into their broker and placed orders and filled in the last 4 days. Not sure why you are having a problem...
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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posted
It is odd to me that they retained the services of a lawyer clear over here in San Diego. Does anyone feel they did this in order to remain as unbiased and unattached as possible??
-------------------- "It's a head game...climbing a mountain that is, 20% physical:80% mental." Posts: 104 | From: San Diego, CA | Registered: May 2006
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posted
We should see an announcement this week, most likely on completed '05/first quarter '06 audited financial statements. Also, I believe PLNI quotations will be available on pinksheets very soon. Ultimately, I hope Plasticon uplists to the OTC:BB sooner rather than later.
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