3SOF

Hello All,
Latest news from Plasticon:

Plasticon International, Inc. Voluntarily Files Chapter 11 to Reorganize Company

http://news.moneycentral.msn.com/ticker/article.aspx?Feed=MW&Date=20070517&ID=6917140&Symbol=PLNI

George

Actually it would be less than a year. The math you need to do to make that calculus is:

Current capital = $22,710
2 months rate of increase = 51%
Final goal = $150,000

$22,710*(1.51^X) = $150,000 <=> 1.51^X = 6.6 <=> .... hmmm, I stumbled here, can't quite remember how to solve this equation, any math expert in the house?


Hello David,
The 47% gain was the minimum % gain required every 2 months
And assumption is a constant 2 month period over 1 year.

Using the actuals which is higher by 4%, the new calculation would be
1.51*1.46*1.46*1.46*46*1.46*1.46=10.02

Its interesting the ways we can look at numbers ...two different ways here are :
Either we can assume the same % growth to decrease the number of months to reach the goal in which case as you had mentioned it will be sooner. 9.2months from now it will be reached.
The second case would be to keep the number of months the same and change the future gains required based on actual performance. So in this case the minimum gain required is lower by 1% because of the SOF performance of 51% in the  first two months.

Again the key aspect w.r.t. these numbers is DAVID and SUSTAINED GROWTH !!


George

David,
I am a newbie ...and am learning a great deal looking at each of your analysis.

Just was wondering what it would take to reach with current rate of gains to go from 15K to 150K.

SOF has a gain > 50% in the past 2 months. If similar gains can be sustained than for a 10X gain, 47% gain every 2 months for a year would be 10.09.
1.47*1.47*1.47*1.47*1.47*.1.47=10.09

As a newbie, even if it can be done over the next 5 to 10 years is a GREAT GOAL !!!

But with David, SOF is on fast track.. that makes it very very exciting !!!

George

Volumes are 5 times higher ...Will see how it goes after Feb 15th.
George

Plasticon International, Inc. (PINKSHEETS: PLNI) is pleased to announce that the Company will be hosting a Nationwide Teleconference on February 15th, 2007 to update shareholders and the financial community on recent developments with the Company.

Plasticon International, Inc. will be discussing the Company's goals for 2007 as well as a brief wrap-up of 2006. The Company will discuss purchase orders, products, revenues, and any plans to up list to the NASDAQ Bulletin Board. The Nationwide Teleconference will be hosted and moderated by Marc Jablon, CEO of Big Apple Consulting USA, Inc. The featured speaker from Plasticon International, Inc. will be Jim Turek, President and CEO; additional speakers will be included in a future release.

"We look forward to the opportunity to spend time with our shareholders and the financial community. Teleconferencing is a great medium wherein we can exemplify the strides that Plasticon International, Inc. and our subsidiaries have achieved," stated Jim Turek, CEO and President of Plasticon International, Inc.

There is expected to be a high demand for the call-in lines for this Nationwide Teleconference and space will be limited. Please call 1-866-THE-APPL(E) today to reserve your place and receive the information which will enable you to participate in the conference.

Hello,
Updated news with income statement Dec 5th:
http://finance.yahoo.com/q/is?s=pgwc.ob
Dec 1st:
http://biz.yahoo.com/pz/061201/109658.html

It has hit the bottom on no news today...lower than the previous low of $0.49 or $0.40
Expecting to have an upward swing tomorrow...$$$
Adding 530 shares at $0.32
George