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To: shortsinthesand who wrote (974)12/20/2005 10:22:22 AM
From: scion  Respond to of 12518
 
The BusPlan financial statements show Patent/asset payments being made as part of a lawsuit settlement - see the Wicklund SEC filings for more details.

Plasticon Business Plan 2005 - 2008

Financials -

p122
CASH FLOW SCHEDULE

2005
Patent/asset payments $26,666 per month

Total for year ending 2005 - $319,002

2006
Patent/asset payments $26,667 per month

Total for year ending 2006 - $320,004

2007
Patent/asset payments $37,003 per month

Total for year ending 2007 - $444,496

2008
Patent/asset payments $37,003 per month

Total for year ending 2007 - $444,496

2009
Patent/asset payments $37,003 per month

Total for year ending 2007 - $444,496

INCOME STATEMENT

2005
Patent amortization $10,147 per month

Total for year ending 2005 - $125,000

Note 2:
Patent amortization is based on a GAAP evaluation (net present value) of $1,250,000 amortized over ten (10) years.
12-20-2005 09:35 AM ET (US)



To: shortsinthesand who wrote (974)12/20/2005 11:27:54 AM
From: scion  Read Replies (1) | Respond to of 12518
 
According to the PLNI 2005 - 2008 Busplan p63 the patent valuations were made by:

William L. Kelly Ph.D

WLK Associates
6187 Autumnleaf Lane
Cincinatti OH 4523

Tel: 513-233-2962

Toastmasters
Contact Us

Please feel free to contact any of the members listed below for additional information or to let us know that you would like to visit one of our meetings. We like to know beforehand if you may be visiting us so we will be somewhat prepared. It is, however, not necessary to notify us - just come whenever you can. Send us an email or give us a quick call.

William L. (Bill) Kelly, VP of Public Relations - wlkelly@fuse.net;

513-233-2962.

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