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Re: bartermania post# 25571

Thursday, 03/22/2007 1:07:42 PM

Thursday, March 22, 2007 1:07:42 PM

Post# of 33332
bartermania. Your analysis is a bit off base. You cannot look at revenues or future revenues and compare them to the market cap. You have to look at the potential prospect of NET INCOME to the coffers of PLNI. So far it's nowhere to be seen in the past, present, or future.

We have no idea how the company plans to pay for the AV CB, "$80m sales".. most likely more dilution, we'll see.. I doubt the company has too much credit with any banks right now. I don't know how much more money Turek can squeeze out of his LexReal and PCI bank accounts. He's already forgiven debt to himself a countless number of times, so who the heck knows what he's got left. Probably not too much.

We also have no idea what kind of margins are on those supposed AV CB sales. Great $7m revenue this year, what kind of gross on it? 500k? People don't just hand profitable businesses away on the cheap.

Net Income is absolutely nowhere to be seen on this thing.

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