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Microcap & Penny Stocks : PLNI - Game Over
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To: Jeffrey S. Mitchell who wrote (5012)6/25/2006 11:15:49 AM
From: scion  Read Replies (1) of 12518
 
The SEC is conducting an informal inquiry into Plasticon International, Inc. Plasticon International, Inc. has no legal matters pending with the SEC and is voluntarily cooperating with the informal inquiry so that a resolution may be completed as soon as possible. The SEC has not furnished any specific reason for the informal inquiry. The Company has also been notified by the SEC that it is in violation of section 13 of the Exchange Act by failing to file its quarterly and annual reports on a timely basis. The Company has filed its10SKB Annual Reports for 2003 and 2004. The Company's 2005 Audit is presently in progress for incorporation into the 10SKB for 2005.

Preparation of the Company's 2006 Quarterly financial statements are also in progress. Plasticon's auditors have provided the Company with a letter stating that the 2005 Audit and 2006 Quarlterly financial statements will be completed in 30 days or approximately by the end of July.
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