[PLNI]: Save this post by Richard R. Matthews regarding the SEC Informal Inquiry of PLNI

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Save this post by Rick Matthews in the event that the SEC informal inquiry becomes an SEC formal investigation:

http://www.investorshub.com/boards/read_msg.asp?message_id=11809563



Here is PLNI's description of the "informal SEC inquiry" from their June 24, 2006 pinksheets.com filing:

https://www.otcstockinfo.com/repository/671/671_FR18.pdf

11. Whether there are any current, past, pending or threatened legal proceedings or administrative actions either by or against the issuer that could have a material effect on the issuer’s business, financial condition, or operations. Whether there are any current, past or pending trading suspensions by a securities regulator. State the names of the principal parties, the nature and current status of the matters, and the amounts involved.


The SEC is conducting an informal inquiry into Plasticon International, Inc. Plasticon International, Inc. has no legal matters pending with the SEC and is voluntarily cooperating with the informal inquiry so that a resolution may be completed as soon as possible. The SEC has not furnished any specific reason for the informal inquiry. The Company has also been notified by the SEC that it is in violation of section 13 of the Exchange Act by failing to file its quarterly and annual reports on a timely basis. The Company has filed its10SKB Annual Reports for 2003 and 2004. The Company's 2005 Audit is presently in progress for incorporation into the 10SKB for 2005.



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