[PLNI]: The Filing of Financial Statements with the SEC of Acquired Companies
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There is much talk about the delay in the anouncement of the ProMold and Semco acquisitions by PLNI. In fact, PLNI issued a false and misleading press release on the acquisition of ProMold ( http://snipurl.com/kq5k). Stockholders have been told by the PLNI investor relations representatives that the delay in the SEC filngs are being caused by the delay in the completion of audited financial statements of the acquired companies, ProMold and Semco. In order to gauge how long it might take to file these financial statements of the acquired companies, one can review the history that PLNI (Wicklund Holdings Co.) has had with this subject.
1. In an 8-K filed with the SEC dated April 16, 1999, Wicklund stated that it had completed the acquisition of Florida Curbing, Inc. on April 1, 1999.:
http://www.secinfo.com/d1ZY9v.63t.htm
Wicklund Holding Co · 8-K/A · For 10/15/98 · 8-K
Filed On 4/16/99
"On April 1, 1999 WHC acquired all of the outstanding capital stock of Florida Curbing, Inc., a Florida corporation, based in Pompano Beach, Florida inconsideration for 1,000,000 shares of WHC's restricted common stock and $500,000in cash, payable on a note due on June 1, 1999. "
2. In the same 8-K filed with the SEC, the company stated that the required financial statements for Florida Curving, Inc. will be filed by the 60th day following the acquisition. Since the acquisition was closed on April 1, 1999, one can assume that the financial statemens would be filed by June 1, 1999.
"ITEM 7: FINANCIAL STATEMENTS AND EXHIBITS
(a)(1) Filing of required financial information for Florida Curbing is impractical at this time. It will be filed by the 60th dayfollowing the acquisition. "
3. A review of the SEC filings for PLNI (Wicklund Holding Co.) shows that the Company failed to file the financial statements for Florida Curving, Inc. by June 1, 1999. In fact it failed to file the financial statements by July 1, 1999 or August 1, 1999 or Sept. 1, 1999, or for that matter all of 1999. In fact, PLNI did not file the financial statements of Florida Curving, Inc. by the next year, 2000, or the next, 2001. In fact, as of today, December 27, 2005, PLNI has yet to file the financial statements of the company that it had acquired on April 1, 1999.
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.
There is much talk about the delay in the anouncement of the ProMold and Semco acquisitions by PLNI. In fact, PLNI issued a false and misleading press release on the acquisition of ProMold ( http://snipurl.com/kq5k). Stockholders have been told by the PLNI investor relations representatives that the delay in the SEC filngs are being caused by the delay in the completion of audited financial statements of the acquired companies, ProMold and Semco. In order to gauge how long it might take to file these financial statements of the acquired companies, one can review the history that PLNI (Wicklund Holdings Co.) has had with this subject.
1. In an 8-K filed with the SEC dated April 16, 1999, Wicklund stated that it had completed the acquisition of Florida Curbing, Inc. on April 1, 1999.:
http://www.secinfo.com/d1ZY9v.63t.htm
Wicklund Holding Co · 8-K/A · For 10/15/98 · 8-K
Filed On 4/16/99
"On April 1, 1999 WHC acquired all of the outstanding capital stock of Florida Curbing, Inc., a Florida corporation, based in Pompano Beach, Florida inconsideration for 1,000,000 shares of WHC's restricted common stock and $500,000in cash, payable on a note due on June 1, 1999. "
2. In the same 8-K filed with the SEC, the company stated that the required financial statements for Florida Curving, Inc. will be filed by the 60th day following the acquisition. Since the acquisition was closed on April 1, 1999, one can assume that the financial statemens would be filed by June 1, 1999.
"ITEM 7: FINANCIAL STATEMENTS AND EXHIBITS
(a)(1) Filing of required financial information for Florida Curbing is impractical at this time. It will be filed by the 60th dayfollowing the acquisition. "
3. A review of the SEC filings for PLNI (Wicklund Holding Co.) shows that the Company failed to file the financial statements for Florida Curving, Inc. by June 1, 1999. In fact it failed to file the financial statements by July 1, 1999 or August 1, 1999 or Sept. 1, 1999, or for that matter all of 1999. In fact, PLNI did not file the financial statements of Florida Curving, Inc. by the next year, 2000, or the next, 2001. In fact, as of today, December 27, 2005, PLNI has yet to file the financial statements of the company that it had acquired on April 1, 1999.
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posted by the_worm06 | 12/27/2005 10:55:00 AM
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