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Microcap & Penny Stocks : PLEX Shell to merge with internet company
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To: Joseph Waligore who wrote (12)8/4/1999 9:52:00 PM
From: bigbuk  Read Replies (1) of 36
 
THis tells all---------BE CAREFUL ALL!!!!!

July 15, 1999

PLAYORENA INC (PLEX)
Quarterly Report (SEC form 10QSB)

MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

In light of the fact that the Company divested all of its operations and sold all of its assets in July 1998, the Company is
accounting for the historical results of the business as discontinued operations. In this regard, the following discussion and
analysis presents a general, overall financial summary of the discontinued operations, rather than a detailed discussion of the
results of operations recently disposed of. As presented in the Company's recast financial statements, certain expenses,
consisting of minimal general and administrative expense and debt service costs have been evaluated to be expenses attributable
to the continuing entity after consideration of the divestiture of operations.

In light of the fact that the Company has discontinued its operations, no remedial measures will be necessary or taken to
address the Year 2000 computer issue.

The following discussion and analysis should be read in conjunction with the Financial Statements and Notes thereto appearing
elsewhere in this report.

RESULTS OF OPERATIONS -

COMPARISON OF QUARTERS ENDED MAY 31, 1999 AND MAY 31, 1998

During both the six months ended May 31, 1999 and 1998, revenues of discontinued business were $0.

The Company stopped operating its discontinued business in fiscal year ended November 30, 1997.
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