Replies to post #7051 on Plasticon International, Inc. (fka PLNIQ)

[jim stop loss]

Herbert. Thanks for the nice response. I would expect to see financials from PLNI after the acquisitions are completed and the cost of acquisitions are written off. That way, they will produce statements that are positive and show a profit, especially with Semco.
The FASB requires that all acquisition costs in excess of book value (Blue Sky) be written off in the year of acquisition since it no longer has any intrinsic value. Previously, you were allowed to write it off over 30 years which seemed senseless to carry a multi-million dollar asset on your balance sheet with no value.
Also, there is the move to OTCBB which might or might not occur ths year. However, I really think that this is one of those long term stocks that you look at and say, "I wish I would have bought and kept it back when....
I also agree that PLNI hasn't been on time with their releases but if you look at the longer term, they are making them all come about.
As I stated in one of my previous postings, they have financials. They have to report to the IRS. I am like you. Other than my DD and the info I have gathered on the company, I would love to see a current statement.

[Braden32601]

PLNI audit delay mainly due to SEMCO and Pro Mold imo...it will all happen in time..good thing, is that we can pick up sub penny prices...I've been adding big time

[shortsinthesand]

herbert:

re:namely the lack of an audit with little to no explanation as to why it has taken eight months since there original 4 week estimation.

Thsi Audit nonsense has been going on for close to two years.
you should feel luck you bought at your prices. I can screwed in the summer at much higher prices!

Here is the oldest Audit claims:

July 12, 2004

Wicklund to seek listing on OTC Bulletin Board
Officials with Wicklund Holding Co., a Kentucky company that develops uses for recycled products, plan to seek a listing on the OTC Bulletin Board, according to a news release.

Wicklund currently is traded on OTC Pink Sheets under the symbol WKDH. The OTC Bulletin Board system is a more broadly used quotation service that allows brokers and traders to access real-time quotes and volume information.

Wicklund, as part of this plan, has begun discussions with L.L. Bradford and Co., a regional accounting and auditing firm that audits many publicly traded companies, the release said.

"We expect to complete our negotiations in the next two weeks and that an audit can be completed within 90 to 120 days," James Turek, president of Wicklund Holding, said in the release. "I believe that Wicklund is now poised for tremendous growth and preparing our company for listing on a national exchange reflects our commitment to both our shareholders and the investment community to maximize Wicklund's visibility and liquidity."

Wicklund, based in Lexington, Ky., is a technology company that develops uses for recycled plastics. Last month, the company announced that it has entered an agreement to acquire A.T.G. Sports, a St. Louis-based company that develops and installs artificial athletic surfaces for indoor and outdoor sports applications such as tennis, soccer, football, baseball, rugby, running tracks and field hockey. A.T.G. also develops and installs surfaces for court-based sports, public parks and playgrounds.