PFH.. I'm sorry to tell you this.. but this company is the poster child for pink sheet stock scams.
The company has a market cap somewhere in the $2m-$3m range.. They have a net tangible asset deficit of more than $6.5 million dollars!
That means if you have $3m and decide to buy the entire company, you are immediately saddled with $6.5m in debt, leaving you $9.5m in the hole with a company whose products are not very profitable (extremely tight profit margins).. Semco appears to be making a very tiny profit on the contracts they got.. ProMold's budget is tight and they are not very profitable either.
The company lost $19m the first 3 quarters of 2006 (even though the bagholders on here deny this, all you have to do is look in their 10-Q filing).
You have better odds of hitting the Powerball than the odds of this company becoming profitable and appreciating their share price. This is just the god's honest truth.. nothing more, nothing less.
Search "Pink Sheet Scams" in google and you'll see articles about the long list of CEOs who have duped investors into forking over their money.. PLNI is in the same group. Don't believe me? Just keep holding your shares then.. There's guys on this forum that have been doing it for 3 years watching it completely tank, refusing to admit that they made a mistake in investing in this stock. It looks like you may be joining them if you don't take an objective look at their finances and business operations.
