-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KWBTnJUnQGY2HHQ37pob1zAWf/Lbts93UQsYH8/fU54VaqkQX3WZksnRzPVwzU+V G1f+v7550QebLRhgrEDRrQ== 0001255294-06-000483.txt : 20061025 0001255294-06-000483.hdr.sgml : 20061025 20060711174727 ACCESSION NUMBER: 0001255294-06-000483 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060711 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PLANET411 COM INC CENTRAL INDEX KEY: 0001096555 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 880258277 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 8720 DUFROST CITY: ST. LEONARD STATE: A8 ZIP: H1P 2Z5 BUSINESS PHONE: 5148664638 MAIL ADDRESS: STREET 1: 8720 DUFROST CITY: ST. LEONARD STATE: A8 ZIP: H1P 2Z5 CORRESP 1 filename1.htm Planet411.com Correspondence mainbody


Cane Clark LLP
 
3273 E. Warm Springs
Las Vegas, NV 89120
Kyleen E. Cane*
Bryan R. Clark^
Chad Wiener+
Scott P. Doney~
Telephone: 702-312-6255
       
Facsimile: 702-944-7100
     
Email: cwiener@caneclark.com

July 11, 2006

UNITED STATES SECURITIES AND EXCHANGE
COMMISSION-Division of Corporation Finance
Mail Stop 4561
100 F. Street NE
Washington, D.C. 20549

ATTENTION: Amanda Sledge

Re:          Planet411.com
Form 10-KSB for Fiscal Year Ended June 30, 2005
Filed November 3, 2005 
Form 10-QSB for the Fiscal Quarter Ended September 30, 2005
Filed November 14, 2005 
File No.: 0-27645
________________________________________________________________________________

We write on behalf of Planet 411.com (the “Company”) in response to Staff's letter of July 7, 2006 by Steven Jacobs, Accounting Branch Chief at the United States Securities and Exchange Commission, (the “Commission”) regarding the above-referenced Form 10-KSB and Form 10-QSB (the “Comment Letter”). On behalf of the Company, we have attached to this response letter as an exhibit the revisions proposed to be included in the Amended Quarterly Report on Form 10-QSB for the quarter ended December 31, 2005 when all comments have been satisfied in your review process.

The factual information provided herein relating to the Company has been made available to us by the Company. Paragraph numbering used for each response corresponds to the numbering used in the Comment Letter.

Form 10-QSB for the Fiscal Quarter Ended March 31, 2006.

Statements of Operations (Unaudited), page F-3

1.  
We have reviewed your response to prior comment 2. Based on your proposed revisions, the change in accounts payable per the statement of cash flows for the six months ended December 31, 2005 does not appear to equal the actual change in the accounts payable balance between june 30, 2005 and december 31, 2005. please


  
explain this difference or revise accordingly.
 
In response to this comment, the Company revised the accounts payable line item on the balance sheet as of December 31, 2005 so that the change in accounts payable per the statement of cash flows for the six months ended December 31, 2005 is equal to the actual change in the accounts payable between June 30, 2005 and December 31, 2005. Attached to this correspondence are the complete revised unaudited financial statements for the fiscal quarter ended December 31, 2005 proposed to be included in the Second Amended Quarterly Report on Form 10-QSB for the quarter ended December 31, 2005 when all comments have been satisfied in your review process.

Form 10-QSB for the Fiscal Quarter Ended March 31, 2006

Statements of Cash Flows (Unaudited), page F-3

2.  
We have reviewed your response to prior comment 3. Please file an amended Form 10-QSB that incorporates the proposed revisions.

In response to this comment, the Company will file an Amended Quarterly Report on Form 10-QSB for the quarter ended March 31, 2006 that incorporates the proposed revisions to the statements of cash flows.
 
If you have any questions regarding this comment letter, please feel free to contact me at
702-312-6255.

Sincerely,
CANE CLARK LLP
 

/s/ Chad Wiener
Chad Wiener, Esq.

 
PLANET411.COM, INC.
BALANCE SHEET
DECEMBER 31, 2005
(UNAUDITED)
 

 
December 31, 2005 
     
ASSETS
   
     
Current assets
    
Cash
 $
1,254
     
     
Total assets
 $
1,254
     
LIABILITIES AND STOCKHOLDERS' DEFICIT
   
     
Current liabilities
  
Accounts payable
 $
22,279
Accrued liabilities
  
49,127
Total current liabilities 
  
71,406
     
Long term liabilities
    
Loans payable
  
40,247
Loans due to shareholder
  
67,134
Total long term liabilities 
  
107,381
     
Total liabilities
  
178,787
     
Stockholders' deficit
    
Preferred stock; $0.001 par value; 10,000,000 shares
  
--
authorized, none issued or outstanding 
    
Common stock; $0.001 par value; 200,000,000 shares
  
122,972
authorized, 122,971,743 shares issued and outstanding
    
Additional paid-in capital
  
6,036,671
Accumulated deficit
  
(6,337,176)
Total stockholders' deficit 
  
(177,533)
     
Total liabilities and stockholders' deficit
 $
1,254
 
 
See Accompanying Notes to Financial Statements
 
1
 
PLANET411.COM, INC.
STATEMENT OF OPERATIONS
(UNAUDITED)
 
 
  
For the three
months ended 
 
 
For the three
months ended
 
 
For the six
months ended
 
 
For the six
months ended
 
 
December 31, 2005 
 
 
December 31, 2004
 
 
December 31, 2005
 
 
December 31, 2004
                       
Revenues
$
--
  
$
--
  
$
--
  
$
--
                       
Cost of revenues
  
--
   
--
   
--
   
--
                       
Gross profit 
  
--
   
--
   
--
   
--
                       
Operating expenses
                      
Selling general and administrative 
  
7,210
   
37
   
9,058
   
116
 Total operating expenses
  
7,210
   
37
   
9,058
   
116
                       
Other income
                     
Exchange rate gain (loss) 
  
--
   
23
   
8
   
60
                       
Loss from operations 
  
(7,210)
 
  
(14)
 
  
(9,050)
 
  
(56)
                       
Provision for income taxes
  
--
   
--
   
--
   
--
                       
Net loss
$
(7,210)
 
$
(14)
 
$
(9,050)
 
$
(56)
                       
Basic loss per common share
$
(0.00)
 
$
(0.00)
 
$
(0.00)
 
$
(0.00)
                       
Basic weighted average common
                     
shares outstanding 
  
114,481,590
   
102,971,743
   
114,481,590
   
102,971,743
 
 
See Accompanying Notes to Financial Statements
 
2
 
PLANET411.COM, INC.
STATEMENT OF CASH FLOWS
(UNAUDITED)
 
 
For the six
months ended
    
For the six
months ended
 
  
December 31, 2005
    
December 31,
2004
           
Cash flows from operating activities:
          
Net loss
$
(9,050)
 
$
(56)
Adjustments to reconcile net loss to net
          
cash used by operating activities:
          
Changes in operating assets and liabilities:
          
Change in accounts payable 
  
273
   
--
 Net cash used by operating activities
  
(8,777)
 
  
(56)
           
Cash flows from financing activities
          
Change in loans payable to shareholder
  
9,652
   
--
 Net cash used by operating activities
  
9,652
   
--
           
Net change in cash
  
875
   
(56)
           
Cash, beginning of period
  
379
   
505
           
Cash, end of period
$
1,254
  
$
449
 
 
See Accompanying Notes to Financial Statements
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