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


To: Captain James T. Kirk who wrote (6676)9/11/2006 3:03:03 PM
From: im a survivor  Read Replies (1) | Respond to of 12518
 
I am being truthful, unlike you, imo...nope sorry...I never went too heavy into plni and I flipped it enough to have a small profit booked and a few freebies riding..that is the truth and you not believeing it makes me realize the reason you think I am being untruthful is because you are and have been untruthful many times and it is human nature..you are untruthful so you therefor think everybody else also..but sorry, doesnt work that way...

You can keep claiming these events mean nothing...I think they mean ALOT..they clearly show that you have been wrong...no if's ands or buts about it.....but thats ok cap...we know you will NEVER admitt to being wrong, so dont do so on my account...you dont need to admitt it....everything is in writing and for all to see and if they look, they too will see you were wrong, very wrong on MANY issues, no matter how much you try to deflect that fact now....

<<No one can buy at the low and sell at the high 100% of the time. I am sure some of your PLNI holding are in the red, come on now, be truthful.
Items 1-10 are events, not evidence of PLNI success and none have helped the pps. #9 is yet to be seen.
rrm, loves to follow events, but he doesn't dig into the financial numbers. That is where the red flags exist.
Events are superficial, financials are concrete.
is this making any sense to you?>>



To: Captain James T. Kirk who wrote (6676)9/11/2006 3:13:34 PM
From: scion  Respond to of 12518
 
If a 10-KSB contains discrepancies such as those below what does it say about the attention to detail by the auditor?

Do you think that with errors like this and the other discrepancies concerning the Semco Distribution, Inc., plus Ultimate Surface LLC AND Semco Manufacturing deals -

Message 22800993

- that PLNI will be forced to issue a 10-KSB/A by the SEC?

Even after the accounting firm supposedly audited the PLNI 2005 10-KSB these glaring errors leap off the page:

secinfo.com

Plasticon International/Inc · 10KSB · For 12/31/05
Filed On 9/8/06 9:05am ET · SEC File 0-10299 · Accession Number 1331186-6-105

10KSB · 13th Page of 54 Line 1,083:

"On January 3, 2006 James N. Turek Sr., the Company’s president, forgave certain liabilities, which included compensation and interest owed to him, amounting to approximately $5,800,000."

10KSB · 54th Page of 54 Line 6,510:

“On April 4, 2006, the Company increased authorized shares of common stock to 13,500,000,000 shares. Also on that date the authorized shares of preferred stock increased to 6,000,000,000 shares. On January 3, 2006, Jim Turek Sr., the Company’s president and majority shareholder, forgave approximately $5,800,000 of obligations consisting of notes payable, accrued interest, and accrued salaries and bonuses.”

Compare those extracts to this invalid number which illustrates the lack of care taken in the compilation and presentation of this important form 10-KSB:

10KSB · 20th Page of 54

"On January 3, 2006, Jim Turek, Sr., the Company’s president and majority shareholder, forgave approximately $5,5400,000 of obligations consisting of notes payable, accrued interest, and accrued salaries and bonuses of which was all reflected as of December 31, 2005."

Such errors do not inspire confidence in Plasticon and their auditor’s proof-reading and attention to detail which should be part of the auditing and presentation of an annual filing with the SEC.