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Microcap & Penny Stocks : PLNI - Game Over

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To: shortsinthesand who wrote (5414)7/14/2006 6:21:31 AM
From: scion  Read Replies (1) of 12518
 
Plasticon has recently structured a totally separate legal entity called Surface Specialty, Inc. so that its Semco division can bid on jobs that require union labor. The division that will utilize non-union labor is called Ultimate Surfacing.

Plasticon Intl. (PK: PLNI)

We last reported about Plasticon on February 20 and another update is necessary since many of our members and investors alike have been left guessing what to expect since no news has been released from the Company since January 30. We are glad to report the following after conversations with CEO Jim Turek and Senior Consultant Bill Howe.

Plasticon has completed two important acquisitions that have required significant additional accounting. The Company’s auditors are diligently preparing all the documents necessary to bring its filings current which will include the acquisitions of Pro Mold and Semco Manufacturing. Pro Mold is now producing multiple trailer loads for its primary buyer BlueLinx (http://www.bluelinxco.com/home.asp).

Plasticon has recently structured a totally separate legal entity called Surface Specialty, Inc. so that its Semco division can bid on jobs that require union labor. The division that will utilize non-union labor is called Ultimate Surfacing. The Green Baron Report understands that Plasticon’s Semco division will be bidding on a lot of jobs in the near future and will need these divisions to properly bid for and secure its projects.

PLNI continues to churn at levels between .0055 and .0070 per share. We continue to believe in the future of Plasticon and its staggering potential. It will likely take the completion of its audit to finally get the shares of PLNI moving up again. Once this occurs, we may see a tidal wave of news that has been building over the past few months. We will not venture to guess when exactly the audit will drop, but we certainly want to own the stock when it does.

TheGreenBaron.com
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