Someone supposedly spoke to Jim Turek Jr but that person has been pointed out as a possible promoter working for "the crew". That person has also been kicked off boards but he claims to have talked to JT Jr and he said Q1, 2006 had more sales than 04 and 05 combined. I have a tendency to believe it with the addition of Semco contracts and the new Bluelynx contracts and the fact that Promold is going seven days a week. It wouldn't be hard to beat 04 and 05 anyway looking at their revenue stream and the contract delays due to Bluelynx's IPO, etc. The 20 million in patents and molds was not showing as assets on the unaudtited financials; is this correct? So they should be in Q1, 06's? I think the company is putting all their "positives" into Q1, 2006's audited financials and all the past "warts and negative" we have already seen.
This is a long term investment for me i.e. I will keep most of my shares for 2-3 more years. I've been in it for nine months and have 3 million shares. I've bought in as high as .014 and averaged down buying in at .004 last December. My average is .007. I am very new to financial statements and big business in general. My background is as a mechanical engineer contracting for 42 companies in 28 years so I understand the Plasticon process, design and product better than the business end. I've designed plastic parts using Pro/Engineer CAD software and have detailed multi-core and multi-cavity mold halves over the years.
