gopacker, wrong again.
They listed the assets at 7 mill without the Pro-Mold's new 1.5 million injection machine(plus transportation and put in place costs (wiring etc), & dies and 1.2 million for the patents. These are both costs they published (the agreement is public record and available to you). That's over 9.7 million without cost of inventorey or fixtures at either of those locations. They have increased production=(inventory materials, A/R, Cash)=assets. At least they have claimed that production is up and they have done more (sales) in the first quarter than in the previous year (which wouldn't take much).
Man, have a look. They are worth more than $10,000,000 and need to be registered.
If they show the SEC that they aren't, then that tells us more about their PPS value. If they are worth less than $10 million, then the stock value should be down around .0005 or less. See if you can do the math with 13.5 billion shares dilution or more if JT wishes. I guess, they are A/S & not all O/S. But, no one knows how many stock are out. We will when they are registered. Every time they increase A/S or do a related party transaction, or sell stock (8K) and their business will be our (stock owners) business (10K & 10Q).
If they are worth more than $10 million, then we will get the visibility that we need to make invesstment decisions. This will say a lot either way.
I am going to proceed with the SEC request and everyone will benefit one way or another.
From your posting, do you have any other interest in PLNI except as a stockholder? If you don't then you should be very happy for me to be doing this.
If your more than a stockholder, then I could understand your reluctance to have them asked by the SEC.
I hope you too will benefit from thisaction I am undertaking.