Replies to post #10293 on Plasticon International, Inc. (fka PLNIQ)

[jim stop loss]

gopack, obviously you misread the post and the financial statements.

The assets are in the patents and machinery that were purchased with Pro-Mold & Semco and is now part of PLNI. They were not reflected in the numbers but are now there.

LEXINGTON, KY -- (MARKET WIRE) -- 04/25/2006 -- Plasticon International, Inc. (OTC: PLNI) is pleased to announce that the company has posted unaudited 2005 and 2004 financial statements and a full disclosure statement on www.pinksheets.com, with audited financial statements to follow.

Plasticon's financial statements do not include results of operations from the SEMCO Manufacturing and Pro Mold acquisitions and back orders from their exclusive distribution contract with the nation's largest distributor of building materials. Additionally, the financial statements do not reflect patent and mold valuations, which are footnoted in the financial statements. At present, an independent appraisal of the Company's patents and molds is in excess of $20,000,000.00. For more information regarding the independent appraisal, please see supporting documents attached to financial statements.
Obviously, you neglected to read the notes to the financials.

Secondly, the number of stockholders is what I'm asking to be verified by Pink Sheets. PLNI should have supplied that information to Pink Sheets.
Third, If you have been following PLNI's acquisitoins, your response makes absolutely no sense.
Fourth, AICPA & FASB regs cover all financial statements as well as GAP! Asset value for SEC filing is the purchased value of the assets or basis. Man, do a little research before you expound in brown.
Fifth, what I said is factual. The SEC rep suggested that I inform the enforcement division and they would look into why PLNI is not filing audited financials with them since, according to all of the information PLNI has released, they do qualify as an SEC filing Corporation.
Finally, a public company cannot legally issue any public release that is misleading and could influence an investor to buy their stock. Dude, that is called fraud.
I do like your reference to FASB though. You must have read something somewhere to give you all that insight. I worked with them as an accountant, CFO, auditor and business owner for over 30 years. The Financial Accounting Standards Board was initiated during my undergraduate training and during my CPA training, I memorized every release they let. I taught them as a member of the NAA. And, valuation was in one of the sections of my certification exam in the AICPA & APICS. I also wrote many long dissertations on pronouncements during my university graduate program.
You need to get more education before you issue a note like you did. It's too ludicrous to be funny and it could be misleading to other investors.