Plasticon International, Inc. (fka PLNIQ)

[shortsinthesand]

For those that wish to learn more about PIPEs in general and a company's reporting requirements, here's a good FAQ:

http://www.realcorporatelawyer.com/faqs/pipes.html

Again, without seeing the actual details of the acquisition(s), the only clue we have as to the structure is the "pending SEC approval" quote, which, I would think it logical to assume, means it was something a little more complex then getting money in return for free-trading shares. I suppose the companies may also have been given Rule 144 stock in addition to cash. Or, then again, maybe those words were added "just in case" or as an "alibi" for why the deals are actually not closed.

One thing is for sure, the excuse that those words were added because Pro-Mold was once a publicly traded company is either a total lie or the person who gave it repeated a lie. Otherwise, why apply those words to Semco, a longstanding private entity, as well? The fact shareholders, and loyal and vocal ones at that, are obfuscated from finding out the vast increase in the o/s is as bad as it gets. So I see no hope in them ever being told the details of the acquisitions unless they demand it. Let's be blunt: if you go by blind trust -- and there's no other way to describe it -- you are sheep ready to be sheered.

http://www.siliconinvestor.com/readmsg.aspx?msgid=22087267