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Technology Stocks : PLNI - Plasticon International, Inc. (Bulls Board) -- Ignore unavailable to you. Want to Upgrade?


To: eyeamgame who wrote (6389)9/6/2006 8:50:52 PM
From: Pro_engineer  Respond to of 8122
 
I've been in for thirteen months. I'm a long that's been frustrated for six months because your correct eyeamgame; Plasticon constantly does their own form of a subconscious pump and dump. I consider it business stupidity and the lack of business fundamentals in winning shareholder confidence. All at my and other's expense. If I heard the specific reasons for their ways and a form of apology; not only would I be impressed, but I would buy more shares. Otherwise I will hold until they are bankrupt or uplifted to the AMEX. .019 with no business, manufacturing or quality capabilities, their molds and technology in the hands of thieves, JT in bankruptcy, no filings, etc.
All that behind them, we have filings, they have two acquisitions with their own manufacturing and quality control now, JT is out of bankruptcy, we won the lawsuit against the thieves, and we are at .001! Real logical! I know the AS and OS are much much higher now, the numbers are out and that probably contributes to the .001 but they could of done better with what they had to work with IMO.



To: eyeamgame who wrote (6389)9/7/2006 4:52:11 AM
From: rrm_bcnu  Respond to of 8122
 
Sure... but for many it is long past selling time. They have looked at the numbers and know the issues.

If you bought in 05, as I did, you have a cost basis that is deep in the red currently. Looking at that each day does tend to get one down. Dilution without any substantial value added gets everyone down... but lets look..

Total assets 31 Dec 2004: $659,549
Total assets 31 Dec 2005:$6,233,569
Total assets 31 Mar 2006:$8,454,879

Total current liabilities 31 Dec 2004: $10,665,501
Total current liabilities 31 Dec 2005: $5,366,096
Total current liabilities 31 Mar 2006: $4,957,209

Total notes payable 31 Dec 2004: $5,276,402
Total notes payable 31 Dec 2005: $2,823,509
Total notes payable 31 Mar 2006: $2,763,744

Total revenue entire year 2004: $0.00
Total revenue Q1 2005: $82,370
Total revenue Q1 2006: $1,830,534

Any way I read the numbers assets are increasing, current liabilities are decreasing, notes payable are decreasing, and revenue is increasing.

If those trends continue, we are on the right path. If they have to sell stock to pay bills and not default on obligations... so be it

Hang in there...

Rick