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Microcap & Penny Stocks : PLNI - Game Over -- Ignore unavailable to you. Want to Upgrade?

To: Papa Midnight who wrote (5474)	7/16/2006 9:35:17 AM
From: shortsinthesand	Read Replies (1) \| Respond to of 12518

Papa Midnight.... Interesting... RE:PLNI is a good buy at current levels.They are moving to the OTC:BB and may do a buy-back as well.... just one year ago people were paying .0132 to .0199 through the month of August! Not to worry though the Plan is all going to come together very soon? from the disclosure rule 15c2-11(a)(5): Yes, the issuer was delisted from the OTC: BB. 11. Whether there are any current, past, pending or threatened legal proceedings or administrative actions either by or against the issuer that could have a material effect on the issuer's business, financial condition, or operations. Whether there are any current, past or pending trading suspensions by a securities regulator. State the names of the principal parties, the nature and current status of the matters, and the amounts involved. • 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 itslOSKB 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. I am confused though? Why would a resolution be needed if there was no problems? happy trading shorts