Nice little climb back up, I expect we will close at $0.0035 today! Not a bad day considering how ugly this market has looked as of late, not to mention all the drama regarding Plasticon and TDA.
Plasticon stock has not been immune to the woes of the stock market. We believe PLNI stock has additionally continued to suffer since the cautionary message at Pinksheets.com has not been removed and active quotes at the site are still not offered. It was expected that once financials were submitted by the Company and an opinion letter issued by its attorney that PLNI would gain some much needed credibility with Pinksheets.com and, in turn, the investment community. We understand PLNI is still attempting to resolve any remaining issues.
The lack of news in a free falling market where many stocks have cut in half has not helped the situation. PLNI has promised to deliver audited financials in order to move to the Bulletin Board, and based on recent conversations with the Company we are assured that the work will get done. We know everyone would like to see this finished immediately, but auditors cannot be rushed. Years 2003 and 2004 have been audited, and we only wait for the year 2005 audit.
The Green Baron Report still believes Plasticon is capable of delivering tremendous results based on innovative products. We would like to see the Company stay focused on its business at hand and strive to deliver on its potentially blockbuster contract with BlueLinx. Plasticonís purchase of SEMCO Manufacturing also can translate to big numbers. An innovative buyback plan is also in the works according to the Company.
We will notify our members as soon as we are cleared for our webcast with CEO Jim Turek. Although we have been promised future interviews, there are still some goals that the Company would like to achieve prior to our call. Please understand we are doing everything possible to deliver accurate updates on PLNI. We will also alert our members should we see any significant news released.
Posts: 391 | From: Canada | Registered: May 2006
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PLNI: Audits completed, share buy back, OTC:BB uplist (eventually AMEX), "many significant developments regarding sales", positive first quarter '06 revenues (most likely a dramatic increase in second quarter '06), ProMold acquisition, SEMCO acquisition, ground breaking products = $0.01, $0.02, $0.03 and so on, you get the idea. Great buying opportunity at these discount prices.
I will admit, it's taking much longer than I expected to get the ball rolling, but you can bet the ball is rolling slowly, but surely. 1000% potential gains here and PLNI will be one of the biggest plays of '06 IMO, just watch this gem blow everyone's mind.
creative buy back should start when stock gets into the .000 range, if it starts at all. should be no surprise that its takin this long , this is there style, keepem waiting, they will never change.
Posts: 62 | Registered: Jul 2004
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This can be found on Pink Sheets (Issuer Information Statement).
Outlook for the Future:
An analysis of the financial statements reveals positive movement in every catagory of accounting. The company has made significant progress toward profitability and will continue to move toward positive earnings per share.
Plasticon has now begun it's growth years in earnest, where sales and earnings will be increasing year over year for the foreseeable future. The company continues to innovate and invest a substantial amount of working capital in R&D as well and continues to strive to develop strategic relationships not only nationally, but internationally as well. The breakout has clearly begun and this is evidenced in the financial statements. The momentum and tide in sales and earnings unmistakably swung to a favorable position for Plasticon International as we strive to grow the company throughout the global marketplace.
Posts: 391 | From: Canada | Registered: May 2006
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Mad, do you get lonely here all by yourself?
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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quote:Originally posted by Madvillain: Volume comin' in now boys, let's rock-n-roll!
Get your sale priced shares now, before it's to late.
On the pink sheets it's all about the Market Makers. As the outstanding shares have been repeatedly doubled by the company, the price per share has dropped by half, a perfect mathematical relationship existing between the share price and the number of outstanding shares. Most investors are probably not smart enough to have a hand in that, so I contribute it mostly to the Market Makers.
Nevertheless, the currently valuation on PLNI is fair. I don't see PLNI stock "on sale". I don't see PLNI as a valuation play which is what your statement "Get your sale priced shares now". PLNI is not trading for a discount, and it's not a valuation play.
What PLNI is, is a GROWTH play, as in massive upward explosion as management executes on their long term vision, of which they've laid out to us their roadmap.
It's important to know the difference between a valuation play (buy on weakness) where a stock is undervalued to their peers, and the situation is that Wall Street hasn't noticed the stock yet.
A growth play is all about future growth potential and by that nature is therefore a longer term investment.
We also want, no need, PLNI to get off the pink sh*ts market. The OTCBB isn't much better. The problem with pink sheets and OTCBB, among other things, is that the Market Makers control the shots and there's nothing you can do about it.
You may think that when you look at a chart on PLNI that you are looking at a chart much like you would from a company traded on the Nasdaq. That is very far from the truth. What you are seeing is Market Maker activity only, the pink sheets are not an exchange. Where this comes in to play is this.
I'm a Market Maker, I feel there is more potential on the downside with this stock because of management's delayed audit numbers. But, I've got brokers calling me wanting shares. All I care about as a Market Maker is that I can make money off the spread. If I don't make money off providing PLNI stock to brokerage firms, then I'm not going to "make a market" in that security.
Now what I do is that I'm not willing to buy PLNI shares and then sell my inventory to brokers because I believe more money is to be made on the downside. Therefore, I sell the brokers shares I don't have. STOP. Investor Education 101 - What is it called when you sell something you don't have? If you got the answer right, good for you. The answer is, a short sale. Naked short selling enter stage left.
So, I report back to the pink sheets market that I've shorted shares. In other words people coming in and buying this stock can actually push the stock down if that's what the Market Makers want to do. Now as a Market Maker, I have to cover my short. So as soon as the stock drops, I cover my short and make money off the spread. In otherwords as a Market Maker in PLNI, I sold 200,000 shares I didn't have to Madvillian's broker for $0.003. Because I didn't have the shares in my inventory, I effectively shorted the stock, and the price of PLNI drops from this action. Over the day, other Market Makers are doing the same thing. 1 hour before closing, the price of PLNI is now at $0.0027, I then decide to cover my short at $0.0027 effectively making $0.0003 off the spread.
That's why it cracks me up coming into forums and reading messages from people who act like they know so much about a stock, and yet they don't even know that the chart they are looking at for PLNI is not reflective of investor sentiment because it's not investors actions they are looking at like on an exchange, instead, they are looking at Market Makers activity.
So this is how the Market Makers can make a stock go down on the pink sheets, even though demand may be going up. In otherwords, on the pink sh*ts, the Market Makers are God. A hostile relationship exists between the Market Makers and PLNI as evidenced by the TDAmeritrade crap going on. Whatever reason for this bad blood between PLNI's management and the Market Makers is of little concern (increasing outstanding shares dilutes the Market Makers inventory as well). What is a concern is that this bad relationship exits. If the Market Makers want this stock to go down by half because PLNI doubled their outstanding shares, then that is what is going to happen whether we as investors like it or not. As I detailed one example for you above how your act of buying more shares can actually cause the stock to drop if the Market Makers sell your broker the shares that they don't have (SHORT).
Hey, the pink sh*ts are the wild wild west, it's all good. But what we really need here are 3 things: 1)PLNI to continue their massive revenue growth, 2) for PLNI to uplist off the pink sh*ts to the OTCBB ASAP to where they can attract less hostile Market Makers, 3) Stop doubling the outstanding shares every 6 months! In fact, make good on your promise made a year ago to start buying the shares back and retiring them.
So that's where this is at. This is going to take time for PLNI to achieve these things. Watching PLNI day to day, then looking at orders that are processed and then thinking looking at all the orders coming in is silly. Those are Market Makers orders only, and on the pink sh*ts, the Market Makers are God.
So far, the Market Makers have dropped PLNI by 50% each time PLNI increases its outstanding shares by 100%. If that doesn't wake you up to the power of these Gods, I don't know what will.
While like some of you I was glad to see PLNI fight back with TDAmeritrade, but PLNI is on the loosing side of the battle. You can't force a Market Maker to provide liquidity for a security if they can't make a profit in it and therefore don't want to, especially on the pink sheets that already have little SEC oversight. In otherwords we need PLNI to establish positive relationships with Market Makers, not release silly little tit for tat PRs that are only going to piss the Market Maker Gods off even more. The Market Maker Gods have sent a clear message to PLNI that they don't approve of PLNI management doubling the outstanding shares every 6 months to 1 year. I would much rather see PLNI working to appease the Market Maker Gods rather than trying to anger them. The way PLNI can offer a peace offering, if it's not too late, is to sacrifice some of those outstanding shares on the alter of Share Buyback and Retirement. I believe this will happen, but it will take time. It's useless to watch this stock on a day to day basis. This is a long term, set it and forget it play with a time horizon of up to 5 years.
-------------------- Lance Jepsen TraderFlash.com Posts: 38 | From: California | Registered: Jun 2006
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