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


To: Jeffrey S. Mitchell who wrote (6634)9/9/2006 4:20:31 PM
From: im a survivor  Read Replies (2) | Respond to of 12518
 
Why are you saying I have been manipulated?

I traded this stock twice and ended up with a small profit and a few freebies riding and frankly dont even pay much attention to it....When I do and although holding some freebies long, I still have been very critical of the company.

Sorry, nobody has the ability to manipulate me, when it comes to buying, holding, selling or whatever.....So I have no idea why you are even posting this to me.

<<Again, it's all about credibility at this point. Are you really that easily manipulated?
>>



To: Jeffrey S. Mitchell who wrote (6634)9/9/2006 4:39:07 PM
From: scion  Respond to of 12518
 
On January 1 2006, the Company purchased the controlling shares of Semco Distribution, Inc., a Nevada corporation and Ultimate Surface LLC, a Nevada limited liability Company. The purchase was for a total sum of $2,750,000 payable as follows; $100,000 deposit, $550,000 upon completion of escrow, shares of restricted common stock with a valuation of $100,000 and $2,000,000 to be paid as cash performance payments based upon certain funding requirements. The $2,000,000 is an earn-out and capped at $2,000,000, but not a payment certain.

9/08/06 Plasticon International/Inc
Line 1,100:
secinfo.com

SEMCO DISTRIBUTION, INC. - Status:Active; File Date:11/22/1991
President - YAMINE SEM
Secretary - YAMINE SEM
Treasurer - YAMINE SEM
Director - YAMINE SEM

ULTIMATE SURFACE, LLC - Status:Active; File Date:2/19/2003
Managing Member - SAMUEL SEM
Managing Member - YAMINE SEM

esos.state.nv.us



To: Jeffrey S. Mitchell who wrote (6634)9/9/2006 6:26:09 PM
From: scion  Respond to of 12518
 
Semco Distribution, Inc.+ Ultimate Surface LLC - a total sum of $2,750,000.

Semco Manufacturing - payment of $2,650,000

According to the 10-KSB PLNI purchased the 3 companies for -

$5,400,000

10KSB · 13th Page of 54
On January 1 2006, the Company purchased the controlling shares of Semco Distribution, Inc., a Nevada corporation and Ultimate Surface LLC, a Nevada limited liability Company. The purchase was for a total sum of $2,750,000 payable as follows; $100,000 deposit, $550,000 upon completion of escrow, shares of restricted common stock with a valuation of $100,000 and $2,000,000 to be paid as cash performance payments based upon certain funding requirements. The $2,000,000 is an earn-out and capped at $2,000,000, but not a payment certain.

10KSB · 19th Page of 54
In January 2006, the Company acquired all the stock of Semco Manufacturing (SEMCO), a Nevada business that manufactures and sells concrete coating products.

The purchase terms are payment of $2,650,000 consisting of $650,000 in cash and $2,000,000 in performance payments (50% of Net Profits as defined) plus Plasticon restricted common stock worth $100,000. Additionally, the Company will pay a royalty payment (4% of Net Profits as defined) for twenty years beginning after the $2,000,000 of performance payments are made. The agreement includes a five year employment agreement with a base salary and other benefits specified.

10KSB · 54th Page of 54
In January 2006, the Company acquired all the stock of SEMCO Manufacturing (SEMCO), a Nevada business that manufactures and sells concrete coating products.

The purchase terms are payment of $2,650,000 consisting of $650,000 in cash and $2,000,000 in performance payments (50% of Net Profits as defined) plus Plasticon restricted common stock worth $100,000. Additionally, the Company will pay a royalty payment (4% of Net Profits as defined) for twenty years beginning after the $2,000,000 of performance payments are made. The agreement includes a five year employment agreement with a base salary and other benefits specified.

secinfo.com