Cap'n, I believe that your article was a bit biased in and of itself, although it is pretty factual.
I have been criticized by both sides in this ongoing "debate" on iHUB for posting my opinions. And, since I started posting again, I have refused to become a party to any debate.
As Gerlac inferred, I don't believe that anyone who is a thinking person can see only good or only bad in PLNI.
I see missed dates, lack of current information releases, and lack of credible explanations in many cases. I listened twice to the paid Green Baron web cast and heard very little that I hadn't heard previously. But there was some new info.
By the same token, I see a company releasing ('06) financials that indicate a movement that is very positive. I see a small, cash poor, company making strides on their P&L and Balance Sheets. I heard JT telling why PLNI has changed its plans about producing plastic lumber that the market has been taken by larger established companies and he felt they probably couldn't compete, especially since he inferred that plastic lumber is competing with wood lumber which is a commodity. He said that they weren't trying to be a huge corporation but they were trying to be successful in what they do best. That seems to me to be an intelligent strategy.
So, I post both sides as well as a bit of knowledge that I have in my head, that others might find interesting and helpful in understanding a bit more about the crazy corporate world, financial statements, and general accounting information.
I don't pretend to be an expert on anything but I do know a lot about accounting, finance, and the corporate business world.
So, I have had short discussions with both sides of the "debate" and I still think that, as Gerlac said, this company isn't all good nor is it all bad. But, as I believe Rick said, it's far ahead of most of the Pinks out there and my personal opinion is that PLNI will continue to make positive advances and I am hoping to see it become profitable in '07. That doesn't mean it will, it just means that, based on their first quarter financials and what I believe it will take for profitability (a little over $3 million per quarter and maybe less if the audit and legal costs are lowered in the SG&A section)could be achieved with the 3 companies working as one.
Anyway, this is just my opinion.
