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

To: scion who wrote (5701)	7/31/2006 3:22:32 PM
From: scion	Read Replies (1) \| Respond to of 12518

Going concern The Company had $136,965 in revenues from continuing operations for the nine months ended September 31, 2005. For the nine months ended September 30, 2005, the Company incurred a net loss from continuing operations of $11,302,936. As of September 30, 2005, the Company had an accumulated deficit of $97,868,141 negative working capital of $7,122,828, current portion of notes payable of $1,780,159 and accrued payroll and bonuses of $3,641,811. The Company expects to continue to incur significant losses and negative cash flows from operating activities through at least December 31, 2006, primarily due to the company’s inability to generate revenues sufficient to finance its operations. These factors, as well as the risk factors set out elsewhere in the Company's financial statements raise substantial doubt about the Company's ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty. Management intends to continue operations through the issuance of equity. There can be no assurance that management’s plans will be successful. sec.gov