Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Plaintree (TSE:LAN,NASDAQ:LANPF) -- Ignore unavailable to you. Want to Upgrade?

To: Martin Goldenberg who wrote (1402)	1/25/1999 9:14:00 AM
From: RICE	Respond to of 1606

Could be positive. IMO if something does happen it will happen this week. They have to do something asap to retain their current staff or else they are going to be looking for a job elsewhere. They are currently talking and negotiating with 3 possible buyers. I suspect an announcement this week. If positive you can easily double, triple your money at the very least. Roll the dice and hope for the best. This one is on the upper scale of risk but can be well worth it. As the optimist that I am, I read into todays announcement as positive further proving that talks are on.

To: Martin Goldenberg who wrote (1402)	1/25/1999 9:46:00 AM
From: RICE	Respond to of 1606

Something might be up folks. Price is up. Announcement this morning delaying delisting of Nasdaq could mean an announcement in next week or two. They are actively presenting their business plan to potential buyers according to CEO. Talked to him this morning. BID .34 ASK .35 on TSE

To: Martin Goldenberg who wrote (1402)	1/25/1999 10:36:00 AM
From: RICE	Read Replies (1) \| Respond to of 1606

Just to add to todays announcement of retaining NASDAQ listing. Along with its technology and trimming down expenses, NASDAQ is one if its main attractions to potential buyers. Looks like mostly buys this morning. Looks like lots of other people are thinking everything will work out.

To: Martin Goldenberg who wrote (1402)	1/25/1999 9:52:00 PM
From: John R Resseger	Read Replies (1) \| Respond to of 1606

Big Networking Expo begins Tuesday. Lanpf will be there. comnetexpo.com Plaintree Systems Inc. Consolidated Balance Sheet Canadian dollars December 31, 1998 March 31,1998 (Unaudited) Current Assets Cash and cash equivalents $3,110,388 $920,792 Trade accounts receivable, net 2,362,176 4,975,946 Inventory 6,043,183 8,983,008 Prepaid expenses 825,962 1,331,979 $12,341,709 $16,211,725 Capital assets, net 3,174,649 3,856,024 Other Assets 847,262 847,262 Total Assets 16,363,620 20,915,011 Current Liabilities Bank Indebtness $1,925,647 $0 Accounts payable and accrued liabilities 3,589,631 4,077,616 Current portion of bank loan and obligations under capital leases 92,387 166,244 $5,607,665 $4,243,860 Bank loan and obligations under capital leases 403,690 451,028 6,011,355 4,694,888 Shareholders' Equity 15,824,798 6,919,798 Preferred shares - 16,000 - 7,000 outstanding) Common shares - 18,288,468 16,220,123 (73,616,880) (58,240,758) Deferred foreign exchange loss (474,060) (358,604) * The Company issued 421,490 common shares for the payment of dividends to the preferred shareholders, at November 30, 1998 Seems like LANPF had $.90 a share equity 25 days ago! Did they have a big drunk NewYears Eve and get rolled?