InvestorsHub Logo
Followers 0
Posts 463
Boards Moderated 1
Alias Born 03/01/2007

Re: bearclaw51 post# 23664

Tuesday, 03/06/2007 2:08:03 PM

Tuesday, March 06, 2007 2:08:03 PM

Post# of 33332

Here's what I've uncovered researching PLNI

* Over 7.6 billion shares outstanding (13.5 billion authorized)
* $5.31 million in debt vs. $280k Cash
* Consistantly behind on financial filings.
* CEO regularly producing fluff press releases trying to hype the stock up. Doing stunts such as being interviewed on the floor of the AMEX (as if PLNI is ANYWHERE EVEN CLOSE to being uplisted to OTC BB, much less a well respected exchance such as AMEX)
* Growing revenue yes, but gross profit on that revenue is quite small and ever rising operational costs seem to forever keep this company from making money so they can stop issueing new shares.

The company is currently in shambles because of Jim Turek, yet you guys think this is the man that will lead you out of this mess.

The guy isn't qualified to be a CEO, imo.




Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.