posted
vol. 132,662,559 ,# of trades 494 ... oh, so that's what it's going to take
Ran a little bit. I have no idea what it'll do tomorrow, but it'll be here soon enough I guess. Hot ticket lately. What a volume spike in the last 2 trading days, never hit a hundred million in a day till then, now popped it 2 days in a row. Demand and supply.lol...
Where's the shares comming from? Pinksheets has... Outstanding Shares: 2,300,000,000 as of 2005-12-07
Estimated Market Cap: 10.12M as of 2005-12-30 (based on Outstanding Shares as of 2005-12-07) Authorized Shares: 5,000,000,000 as of 2005-11-21 Float: 690,000,000 as of 2005-12-07 Number of Shareholders of Record: 5,000 as of 2005-12-07
Posts: 2634 | From: The highway | Registered: Feb 2004
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posted
dont forget they've retired 200,000,000 shares * the end of 2005
and they are setting up a buyback program currently in 2006
but the amount of O/S shares I find to be quite ridiculous, but since they claim to be a profitable company already, hopefully they can afford to buy back a massive amount of shares over the next few years.
Posts: 113 | From: Toronto | Registered: Oct 2005
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posted
they need to bring in more revenues before they can purchase back more shares imo. they only had a few thousand dollars in revenues for 2005 according to that business plan that was out a while back.
Posts: 515 | Registered: Mar 2005
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posted
yeah, a 17 year old pink sheet company with a few grand in revenue... what is wrong with that picture?
quote:Originally posted by stolibox: they need to bring in more revenues before they can purchase back more shares imo. they only had a few thousand dollars in revenues for 2005 according to that business plan that was out a while back.
posted
You guys had a great day... Chart shows that the upper trend line has to be broken for this to be a true trend reversal. I hope you guys can do it. certainly alot of buying.
-------------------- Spend Word For Word With Me And I Shall Make Your Wit Bankrupt. Posts: 1326 | From: Here | Registered: Oct 2005
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posted
The stock will run if they stop selling shares. VFIN stepped back in final hour and let it run. VFIN sold a lot of shares in December too. It would be prudent to assume the float that pinksheets lists at 690 million is really much higher -- too many shares sold by VFIN recently and WDCO back in sept/oct to account for this number. Not to mention the relatively meager moves for a 20% of float daily volume.
As for the "retired" shares, that is a meaningless pump by the company. They put that PR out in August when they claimed they had 2.0 billion a/s. In reality they had 3.0 billion plus 100 million preferred then. They increased the a/s to 5.0 billion in October as well, plus the float went up. Its just spin.
The talk of buyback has been going on forever and is also spin, IMO, covered by Safe Harbor. You don't increase your a/s, o/s and borrow to buy another company if you have cash on hand to buy back shares. They also issued 10s of millions to 100s of millions in shares to promote buying interest in their stock (through Green Baron, Big Apple, Steve Crowley's radio show, MicroCap conferences, and others). Why dilute to promote your stock (not your products) when you intend to buy back shares? Add to that the shares pledged from the bankruptcy that is yet to be discharged and its hard to imagine they'll be buying back shares. More likely they still have a lot more dilution to go.
If they're smart, they will fade on selling shares and let a chart rally build more buying pressure. We can see from the volume there is definately a lot of demand. The higher it goes, the fewer shares they need to sell and everyone benefits.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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posted
The PR has brought in a lot of new faces to the board. I just want to point out there are as many questions as answers with the structure and prospects for this company. We know they have an exciting product and a distribution network capable of moving them out of obscurity to becoming a significant entity. We don’t know what the capital structure of the company will look like if and when they show the audit and become more transparent.
The SI board has some very good DD and raises interesting and critical questions the company needs to address. One of their posters, Jeffrey S. Mitchell, has gone through Turek’s bankruptcy papers and Telco Blue’s previous filings and posted some interesting info. For instance, Bluelinx and Georgia Pacific have won garnishments of over $1 million dollars from Wicklund/Plasticon. How those garnishments came about and how they'll affect the profits and cash flow from sales of rebar supports needs to be addressed (hello, Rodney, here’s a question for Mr. T…)
Mr. Turek has also lent moneys between his various entities and later forgiven those loans (see Telco Blue 10Q filings for 2004 and 2005). He’s also had some interesting takeovers involving transfers between his entities. Just this past September Plasticon forgave a quarter million dollar loan it made to Telco Blue(a shell Turek controls). As a shareholder, that loan they forgave was your money and there is little to legally prevent them from doing this again in silence. The numbers for 2004 were much larger. There is a pattern of behaviour here.
I would suggest anyone wanting some good, hard to find DD, go through that SI thread and read Jeffrey Mitchell's posts. His posts are very professional and straighforward (he writes like a lawyer) and I trust that his sources and quotes are accurate. I've confirmed his info from the public documents, but I haven't paid for the bankruptcy info (you can get it from PACER for a price) so cannot speak to its accuracy.
When calling Rodney it might be a good idea to ask about these issues. I doubt he’ll provide any answers now, but he could let JT know these issues need to be addressed.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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posted
Stock... You really can't leave it alone...This was a good day...Friday was a good day...No one elected you the defender of the underdog...some of the new faces you may be familiar with...some are here to continue to give "OPINIONS" that are negative...
Your assumptions are just that "ASSUMPTIONS"... You don't know about the buyback and you certainly don't know about the mysterious selling of shares you claim to be some scam planned in the back alleys of Kentucky through VFIN ...Your waiting for those answers like the rest of us...Your "SPIN" is getting worse than the spin you claim the company is pulling on us poor ignorant shareholders you've elected yourself to save...Careful Stock ..that Basher label you hate will come back and bite you again...Geeeezzzzz...Same old old song... Take a break will you????
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
They could put all this BS to rest if they would fulfil their promise to publish the share structure. It's hard to be positive when all you get is promises and lies.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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posted
yes, they had a few skeletons which caused the audit to take so long while they clean them up, okay and they may have increased the a/s for a variety of reasons... prevent a takeover or needed for future expansion..... I can add at these bargain prices while we learn the rest of the story, and if it flys???? do your DD it is still a pink at present!LOL
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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quote:Originally posted by Murnak: okay and they may have increased the a/s for a variety of reasons...
this IS true, a variety of reasons.
What is the main reason a pinksheet sub-penny stock increases? A decrease of per share value of common stock by an increase in the total number of shares. I used to hold it, untill they increased the a/s. They didn't put THAT in a PR.
Posts: 2634 | From: The highway | Registered: Feb 2004
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posted
Murnak, I find the whole "..they promised.." arguement to be about as lame as 'Clintwit' or 'Hairy BS Kerry' campaign rhetoric..........
I don't recall the word "..promise.." ever being used by Uncle Jim or Bubba Willy. I've always considered their forward-looking statements as a "..best effort.." situation. I think anyone with a lick of sense knows that the bloody bean-counters are milking Sar-Ox for every hourly billing they can make - just like the sleazy lawyers who overbill their clients for courthouse bathroom time. Jim and Bill appear to have taken every possible postive step forward that they could up to this point; save taking the beancounter out back and beating the snot out of him (..which I'm certain has crossed their minds..)!!!
I'll bet everything that EVERYONE has been whining about will be filed in Spades before the end of the month - leaving the bickering BashHoles once again "..holding their 'bags'.." - like a rapper-crapper FUBU-bum with the crabs on a Harlem street corner.
"....I love it when a plan comes together..........
posted
FWIW... I have been adding to my core position that I started building the last couple weeks. I began accumulating on a pure chart play, while also knowing that lots of good news lay on the horizon.
For any one sitting on the fence with this one, take a small position, and when the news hits buy in, ride it up and sell it off! Easy way to make some money!
My confidence is pretty strong that we who are holding and adding to our positions now, will not be let down! I am not going to get into these playground bully matches about who is right and who is wrong. I have made my phone calls and got my DD, and I have bought in! Watching some of these conversations is like watching the special olympics... no matter who wins... they are all still retarded!
GLTYA
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
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quote:Originally posted by FatherOfTwo: FWIW... I have been adding to my core position that I started building the last couple weeks. I began accumulating on a pure chart play, while also knowing that lots of good news lay on the horizon.
For any one sitting on the fence with this one, take a small position, and when the news hits buy in, ride it up and sell it off! Easy way to make some money!
My confidence is pretty strong that we who are holding and adding to our positions now, will not be let down! I am not going to get into these playground bully matches about who is right and who is wrong. I have made my phone calls and got my DD, and I have bought in! Watching some of these conversations is like watching the special olympics... no matter who wins... they are all still retarded!
GLTYA
funny post...
but not *bad* opinion...
I remember buying in at these levels, and doing fine...
in fact? coulda done a lil better...but let it ride too long...
fundamental point? don't confuse the company with the stock...
if these guys were delivering on their "stock" questions? in proportion to the company "fundamentals"?
posted
Fof2, ...If you have lots of 'dry powder' for your cannon, you can play that chasing game pretty effectively. However, it's been a lot of fun to strategically soak up 0.0038 to 0.0042 shares for the last several weeks knowing that it all adds that much more icing to the cake.
The "..Shorters-Snorters-Flippers-Dippers-Swingers-&-Dingers.." will attempting to wiggle, jiggle and screech like a bunch of pubescent school girls at a Menudo Concert, but I'm convinced that the dependable old "..Turtles.." with their large collections are going to walk away with the big prize here.
I'm looking to swapping a MM or so of my Commons for a nice chubby chunk of PLNI Preferreds, because I'll bet that Uncle Jim will make it "..more than worth our while.." to do so. This ride is going to be more fun that a barrell bull of Beagle puppies at a church picnic..!!!
News soon...........................
ps: It's going to be a giggle watching all the Blithering BashHoles turn from "..Gloom-n'-Doom'rs.." to pseudoSuperCool know-it-all "..Swingy-Dingy Traders.." in a limp attempt to slide out from under their historically recorded PLNI trashing efforts.....
I have learned that when news comes out.. you usually have about 5 minutes to catch it before it runs hard....
So I try and scan the news real quick and see if it is newsworthy enough to cause a run...
IMHO, PLNI has a number of different PR's that they can release that will cause this...
1) audit complete and OTCBB application made 2) share structure / buyback details
When one of these PR's hits... I will probably sell a couple others stocks I am holding regardless of if I am up or down on them and buy more PLNI to ride the wave. I can always buy back into something I sold at a later date!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
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posted
FatherOfTwo, ...I think that PLNI offers a lot of people a real opportunity to to do very well for themselves in both the short and long term, if they approach the situation with some kind of a plan in mind.
Last Spring I bought several MM shares of PLNI before JT & Bill and the crew really got things moving. You have to admit that 0.003 to 0.018 is one hallibut nice gain = 6-Bagger. With a MM from PLNI and a MM from HISC cashed in, I went over to the local Harley Shoppe and brought home a brand new 2006 StreetRod, dealer's maintenance program, H.O.G. membership and the appropriate full-coverage insurance - for cash, ...with Casino Money left over.... That's the name of this game, IMHO; "..Toys-4-Us, Inc..". And, I still had several MM left in "..ye ol' Tomorrow Sock..".
This time around, with Pro Mold and Semco acquisitions under their belts, I think people could presumably swap say 1/4th of their Commons collection for Preferreds receiving any 'bonus deal' benefits offered and creating a terrific "..long haul.." position for themselves. The Preferreds would also acquire any dividends the company declared over time. Additionally they could let the other 3/4 of their stash rise to a 5-Bagger level, sell off 1/5th of those, and then ride the "..Freebies.." into the sunset. If the sunset happens to shine on the local Aston Martin or Hummer dealer, that sure "..works for me...
We know that PLNI will make an AMEX move as soon as they have the OTCBB thing pretty much in the bag. The relationship with Koch/G-P/BlueLynx sure isn't going to hurt them any there. The high-dollar snob-stock players and 'Talking (Media) Heads' love those household names.
I keep a picture of a Rockwell TurboCommander on the wall next to my desk, to remind me why we're all in this game. http://www.twincommander.com/multimedia/photos/photo2_hi.htm Having some goals is the first thing that successful and rich people will tell you to set for yourself.
IMHO, the 'day-flippers' have a real good chance of shooting themselves right square in the butt. The clearly reported 'NAKED SHORT' position in PLNI could blow up in the MFMMMs faces at any moment. (..We Longs may even help make that happen..)!!! If one was 'flipping' when they should have been 'flopping', like Hairy Kerry or the Duke Brothers, they could be left standing at the Station thinking that the 'stock gods' had said "..trains..". And, there are a number of truly 'lovely' people I certainly hope that happens to.
Picture: "...Turn the machine back on, ....turn the maaa-chiiiiines back o-o-o-o-o-o-nnnn......."!!!
Newbies are well advised to ponder Stockhunter's posts. Never was it more true to say you shouldn't invest in pinks with money you can't afford to lose.
If Plasticon delivers on any of the promises they've made since May (newbies, this includes the acquisition of Promold, and of Semco, and of a share reduction, and filing of audited financials, none of which has happened), it certainly could run for awhile. Take special note of the 5 billion in authorized shares, still yet to be explained and never publicly acknoweldged in a press release, the 2.3 billion in outstanding shares, and the 690 million float. Be aware that the 5 billion a/s is probably the most reliable figure, since it's reflected in a filing with the Secretary of State in Wyoming. The 2.3 billion o/s and the 690 million float are what Plasticon has reported to pinksheets.com, fairly recently, and like the 5 billion a/s were increased without advance notice to shareholders and similarly without explanation.
Plasticon is not your typical pinksheet scam--it's a real company that makes real things. But it's still a pinksheet, which makes it a roulette wheel.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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quote:The reason for the volume today was that a stock ezine had a favorable article which came out at 3 pm. The editor just went over some of the last PR and said he will be contacting JT for an interview ASAP.
I have contacted the ezine, which I am a subscriber, to see what, if anything from his report I can copy and paste. I haven't heard back as of yet so I won't say who it is. Just the fact that he mentioned PLNI and the outlook for recycled plastic over steel is a big plus. I guarantee a lot of his subscribers pruchased today...I added a little more myself!
Tomorrow I am in NYC at the Boat Show meeting with an owner of another small company and bending his ear for awhile. I won't be able to get back on this board until probably Thursday, and I'm sure there will be loads of scam chit to go thru...today was awful. We must be getting real close.
Later, Bones
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
The abridged version--no need to sell until the following PR's are released:
Promold SEC approval Semco deal completed Share buyback Audit released Move to OTCBB initialized/approved
Posts: 871 | From: New York, NY | Registered: May 2005
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quote:Originally posted by state780: Dept. of FWIW: from bones712 at rb:
quote:The reason for the volume today was that a stock ezine had a favorable article which came out at 3 pm.
The name of the ezine could give some critical clues regarding what to expect going forward. If they make their money from advertising or subscription fees they should be independent -- the best case scenario. If they make their coin from thier own portfolio, not as good but still could be independent of the company.
If they make their coin by taking shares in companies to promote them (ala Green Baron), then they are a red flag (dilution for the ad space, the ad to aid in dilution). Supposedly we will know tomorrow unless someone else comes across them and posts.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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posted
Yeah, one reason I posted that was to see if anybody here knew which ezine it was. Guess not, not yet.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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quote:Originally posted by state780: Yeah, one reason I posted that was to see if anybody here knew which ezine it was. Guess not, not yet.
If it was one of the usual suspects of penny pumpers, someone on one of the boards would probably have posted it already. This is the heaviest volume we've seen this early so there's probably a lot of new money here. This rally could have legs. So far, no VFIN. If they let it run, it will breed more buying interest, IMO.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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