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Re: mastaflash post# 39451

Sunday, 05/28/2006 9:12:47 PM

Sunday, May 28, 2006 9:12:47 PM

Post# of 353182
PLNI financials:

http://www.pinksheets.com/quote/finance.jsp?symbol=plni

click on the quarterly report and make sure you read the companys comments to be understand the numbers and the "breakout progress".

heres an overview:

PLASTICON INTERNATIONAL, INC. Management’s Discussion and Review of Unaudited 2006 First Quarter Financial Statements A review of the first quarter of 2006 financial statements clearly reveals a breakout pattern for Plasticon International, Inc. in comparison to previous quarters. The Company has now begun its rollout of the former Georgia Pacific, now BlueLinx, exclusive national distribution contract. Balance Sheet: A review of the balance sheet will show an increase in accounts receivable of 800%, using only the first quarter of 2006 as compared to the entire FY of 2005. Total Assets: went from $6,233,569 to $8,454,879, increasing in the first quarter of 2006 alone by 27% vs. the entire FY 2005. Regarding the statement of operations, total revenues March 2006 vs. March 2005: Total revenues for the 2005 Quarter ending March 31st 2005 was $82,370 vs. total revenues for the 2006 Quarter ending March 31st 2006 was $1,830,534, which is a 2,222% increase in sales over the same quarterly period. In addition the first quarter comparison of numbers from FY 2006, vs. yearly numbers for FY 2005 shows signficant progress towards profitability. We anticipate the Company to continue to show earnings improvements throughout FY 2006. Gross profits for Q1 2005 was $79,860, vs. gross profit for Q1 2006 was $684,752, which is an increase of 859%. The gross profit margin in Q1 2005, was 4% vs. the gross profit margin for Q1 in 2006 was 37%. This reveals a substantial improvement in productivity and overall production operating efficiencies of the Company. In reviewing the $10,068,108 for operating expenses, the following factors have to be considered: The figure of $8,679,000, as referenced in the footnotes of the financial statements, number 13, page 6, Common Stock, paragraph 1, were incurred under the GAAP (Generally Accepted Accounting Principles) and FASB (Financial Accounting Standards Board) rules of beneficial interest expense. As the Company has described in the past, beneficial interest expense is not an operating expense. It is merely a bookkeeping entry reflected, due to the issuance of stock to the majority shareholder, for capital contributions made to the Company.


2007 is my Year!!! BOOYAHHHHHHHH BABYYYYYYYYY!!! Lucky 07'----Goooo PANAMERSA

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