Bob, the numbers for the first quarter of 2006 are not audited but they don't have to be audited to reflect the business accurately. When any public (listed or not) corporation publishes financial statements, other than any adjustments required by the auditors, which are usually for reserves or such, the financials won't change much. PLNI is responsible for the accuracy of any financial information they release because it effects the decision making of the stock buying public.
So, for me, "audited" doesn't mean all that much. And, usually, the only audited statements I would expect from PLNI would be the year end.
The first quarter showed a lot of good things happening. A real business start-up. Now, a couple more molding machines, more outside business from Pro-Mold other than Plasticon's purchases and revenues in excess of a million bucks.
I wouldn't put my life's savings in PLNI but for a Pink Sheet company, it's light years ahead of most, IMO.
If I were one who holds Pinkie long, PLNI would be one of my personal choices.
Let's see what happened in quarter two. It's kind of exciting for me, having built a couple of small businesses myself.
Just my opinion.
