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Re: DTL post# 8026

Thursday, 02/09/2006 11:30:59 PM

Thursday, February 09, 2006 11:30:59 PM

Post# of 33332
Unfortunaley no financial specifics exists for the co. so we are all at the same disadvantage and left each to his or her's own conclusions. I think the co. would be delighted to have assets offshore but it's not a realistic conclusion for where the money went. My conclusions about those shares and what the money was used for are based on my own observations in relation to what the company has said. IMO, privately financed means they used their own shares and I think the increase was a repayment to them. Furthermore, I concluded that they intended to introduce those shares into the float this month after initiating the Semco campaign and at the same time keep talking audit and buyback to keep investors frozen in place and share price up (PS has gotten in the way of that I believe). I think they really need the cash and they hope they can start generating money quickly with the spring coming and then finally get the audit done after the second Q. I know it's pennyland and we should get real and expect to be misled and do our own DD.The problem here, and the reason so many are frustrated, is there is virtually no black and white evidence on which to base any legitimate DD on. The black and white evidence PS has forced PLNI to disclose is not looking that good from where I sit. I could very well be wrong and PLNI will come through and do everything they said they were going to do but to me that does not appear likely right now.


“A fool and his money are soon parted.” ~Thomas Tusser

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