[PLNI]: Plasticon International, Inc. files 8-K with the SEC regarding the Pro Mold, Inc. Acquisition

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(The 8-K was filed after the close of trading on Friday, August 4, 2006. What does it tell you immediately about the type of information that would be issued at this point in time, with the market closed and right before the weekend?)



According to the PLNI 8-K, the PLNI acquisition of Pro Mold, Inc. did not close by December 31, 2005.

According to the PLNI 8-K, the PLNI acquisition of Pro Mold, Inc. did not close by January 31, 2006.

According to the PLNI 8-K, the PLNI acquisition of Pro Mold, Inc. did not close by Februay 28, 2006.

According to the PLNI 8-K, the PLNI acquisition of Pro Mold, Inc. did not close by March 31, 2006.

According to the PLNI 8-K, the PLNI acquisition of Pro Mold, Inc. did not close by April 29, 2006.

and finally

PLNI and Pro Mold, Inc. signed an amended agreement on April 30, 2006 stating that the acquisition should close by April 30, 2006





FIRST AMENDMENT TO SHARE AND ASSET PURCHASE AGREEMENT

http://www.secinfo.com/d18jvt.v2q.c.htm


THIS FIRST AMENDMENT TO SHARE AND ASSET PURCHASE AGREEMENT (“Amendment”) is entered into as of April 30, 2006, by and between PLASTICON INTERNATIONAL, INC., a Wyoming corporation, presently trading on the Electronic Pink Sheets (“PLNI”), and PROMOLD, INC., a Missouri corporation (“PMI”), and the JOHN P MURPHY III REVOCABLE TRUST NO. J. (the “TRUST”) and the 10315 LLC, a Missouri limited liability company (the “LLC”).

RECITALS


1.
PLNI, PMI, the TRUST and the LLC entered into that certain Share and Asset Purchase Agreement dated as of December 5, 2005 (the “Agreement”) for the purchase of the PMI Shares and the LLC Assets (as those terms are defined in the Agreement) by PLNI, in accordance with the terms and conditions of the Agreement.

2.
The transactions contemplated by the Agreement were to close by no later than December 30, 2006; however, though no fault of PMI, the TRUST or the LLC, the transactions did not close on December 30, 2005.

3.
The parties have decided to extend the closing date of the Agreement several times to accommodate each other from December 30, 2005 to the present time.

4.
The parties now desire to amend the Agreement to reflect certain changes to the Promissory Note, Employment Agreement and the Agreement as agreed upon by the parties thereto and as set forth below.




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