[PLNI]: The Audit, the Accountant and the Honeymoon

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Wall Street Reporter Magazine Hosting MICRO-CAP INVESTORS SUMMIT V on June 15, 2005 in New York City6/13/2005 12:35:01 PM


CEOs from the following companies will be presenting:
Memry Corp. (MRY)
Healthstream, Inc. (HSTM)
Plasticon International Inc. (PLNI)
Patron Systems, Inc. (PTRS)
Hybrid Fuel Systems, Inc. (HYFS)



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Posted by: vanbookieIn reply to: None
Date:6/15/2005 3:21:05 PMPost #of 3563

Anyone in attendance at the meeting today?



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Posted by: pennydreamsIn reply to: vanbookie who wrote msg# 877
Date:6/15/2005 4:22:08 PMPost #of 3563

Yes...I attended and spoke with Jim Turek and Bill Howe for about an hour after their presentation. I have a lot to digest, it's all positive. The numbers won't be out for a few weeks. The auditor working on the numbers got married (which he is allowed to do) and went on a three week honeymoon to the Philipines but neglected to inform Jim Turek that the numbers would not be ready prior to his departure. JIm is very angry and looking for a firm to pick up the project ASAP and have the numbers out in a few weeks. That was the only negative.

I plan to review a lot of materials, speak to Bill Howe again on Friday and then post some information for all to review by the weekend.

It looks like we have a real winner here. We need to be patient and properly manage our expectations.

The company is profitable. It will be incrementally more profitable with the acquisition of SEMCO. I want to use the numbers I have and try to lay out some reasonable expectations for us over the next 12-18 months.




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