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Plasticon International, Inc. (Pink PLNI): has been in the recycled plastics business for 17 years. The company's line of patented, plastic concrete accessories has been approved or accepted in all 50 states and several foreign countries including Poland, Israel, Canada, Mexico, and Egypt. In addition, its transportation signage has received DOT approval or acceptance in all 50 states. Specifically, the company offers for resale: ..1. Rebar supports ..2. Plastic lumber ..3. Plastic signage (i.e.; highway and state signs) ..4. Office products including file folders and binders ..5. Impermeable concrete-like products made from recycled glass. [b]Website:{/b] http://plasticonintl.com/ [b]RTQ's & L-II: http://www.pinksheets.com/quote/quote.jsp?symbol=PLNI .
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Plasticon International, Inc. (Pink PLNI): has been in the recycled plastics business for 17 years. The company's line of patented, plastic concrete accessories has been approved or accepted in all 50 states and several foreign countries including Poland, Israel, Canada, Mexico, and Egypt. In addition, its transportation signage has received DOT approval or acceptance in all 50 states. Specifically, the company offers for resale: ..1. Rebar supports ..2. Plastic lumber ..3. Plastic signage (i.e.; highway and state signs) ..4. Office products including file folders and binders ..5. Impermeable concrete-like products made from recycled glass. Website: http://plasticonintl.com/ RTQ's & L-II: http://www.pinksheets.com/quote/quote.jsp?symbol=PLNI .
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This was posted by Nez on RB earlier today for those that didn't see it: -----------------------------------------------------------
"FWIW, spoke with IR today and was pleased to hear a totally different tone than I was used to hearing in the past. I started off by specifically asking about what the issues are that caused the "Pro Mold" web cast to be postponed. I was informed that it is done but it's in the editing process now. Earlier, I saw a special on OCC and it dealt with how a show or other broadcast does indeed take at least 8 weeks of editing in order to provide a quality finished product.(my 2 cents)
I asked about the other outstanding PRs that were promised and was told that all, including; the fact that Promold is up and running, the completed financials will be released, the move to the BB will be addressed, stock restructuring will be addressed and finally the Semco aquisition is done and will also be released. The date I was given was that all would be done by the 31st of Dec.
I know this is all information we have heard before but as I said before, the tone was far more focused and upbeat than I had previously experienced. There is now an additional person handling investor inquiries about PLNI in addition to Matt and I was given no vauge answers but actual responses that were very logical when considering the volume of information they are now putting together to make sure that it is accurate and complete and also that it will not conflict with future releases.
As I said before, this is all old hat for the masses but there is a definite difference in the manner that the responses were given. I did not once get anything like "things are more complicated than we thought" or "Mr. T jumped the gun due to his excitement.
Also with regard to Semco, if you have some time to kill try going to GlobalSpec's web site. It is an engineering web site and is free to register on. Once registered you will find information about PLNI, Semco and Pro Mold. You can also get the patents (for a small fee, approx. $4.00). If you have ever been with a company that was bought out one of the last things that you see is any appreciable activity with regard to employees due to the fact that as long as they are in the dark, an attitude of apathy tends to set in and you are not going to see anyone putting much effort into anything but watching the clock and worrying. You won't be seeing any big mind blowing displays being put together and if there is a show room, I doubt that there will be any self initiative taking place especially if the products are all already on the web (GlobalSpec will take you there).
With regard to the person that posted hearing information about a company that is manufacturing plastic manhole covers, that company is on the GlobalSpec site and if I remember correctly they even have a division that sells only in the Mid east. The site is very informative and once registered, you will find information about many, many company's and trends in the construction industry. As I said, FWIW, Nez"
They are editing all the video and pictures from the trip to St Louis, Las Vegas, and Atlanta - and it will all be on the website next week.
IMHO a flood of PR will start next week and this stock will soar. If you don't finish out your collection on Wednesday and Friday, them make sure to buy a new pair of running shoes during the post-Thankssgiving Day SALES....
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They're talking about PLNI on The Motley Fool now...!!!
An Exciting Penny Stock By Selena Maranjian (TMF Selena) November 4, 2005
A month or so ago, I wrote an article on penny stocks, advising readers, as I've often done, to consider steering clear. I received a thoughtful response from a reader and thought I'd share it with you. Jeffrey T. said:
"I found your Motley Fool article on penny stocks nearly right on the money ... however, not ALL penny stocks are scams. Take Plasticon International (OTCBB: PLNI), for example. They are a fledgling company utilizing recycled plastic to manufacture concrete building products such as rebar supports and, coming soon, plastic rebar. With the future rebuilding efforts after Hurricanes Rita and Katrina, alternatives to steel products will be sought. Add to this, the company has recently acquired a company specializing in concrete sealing. This product along with the rebar supports can easily add YEARS to the life of bridges and buildings, by reducing the amount of decay from environmental impacts and corrosion. I would like to see you do a follow up story to the one you recently wrote, and highlight that there do exist some DIAMONDS in the pile of shiny rocks as you so appropriately quoted!"
Jeff, your wish is my command. There surely are some diamonds in the pile of penny stocks -- I'll concede that point immediately. The problem is, they're not so easy to find, and I'm not even sure that you've found one in Plasticon.
Plasticon's green flags Your email did make Plasticon sound quite enticing, so I tried to look up information on it. I struck out at my usual sources of quick data, such as our own Quotes and Data area and even Yahoo!'s offerings. The place where I found the most information was Plasticon's website. There, I learned that:
The firm is 17 years old.
Its "line of patented, plastic concrete accessories has been approved or accepted in all 50 states and several foreign countries including Poland, Israel, Canada, Mexico, and Egypt. In addition, its transportation signage has received DOT approval or acceptance in all 50 states."
It has recently dramatically increased production capacity to $20 million in annual sales -- and up to $30 million, soon.
The market for rebar supports was $27 billion back in 1993, suggesting that there's plenty of money to be made if Plasticon's plastic rebar is accepted and purchased.
Plastic lumber sales in the United States are growing at 40% per year. I've seen plenty of plastic lumber and am impressed with it. Tom Gardner even recommended plastic lumber maker Trex (NYSE: TWP) in our Stock Advisor newsletter. (Though its stock has been having a bad year.)
A link to a profile of the company in a newspaper reported that the firm's products are used in all 50 states, and in more than 200 bridges across the nation, as well as elsewhere. Also, the firm has received patents valued at over $20 million and has an inventory of injection molds valued at over $10 million. (Inventory, like patents, isn't necessarily a good thing, unless it's put to good use.)
The firm is planning to buy back shares -- some 200 million to begin with -- which can boost the share price. Plasticon's red flags The only trouble is, despite all this information, I didn't see some of the info I was seeking. Specifically, I couldn't find:
Copies of quarterly and annual financial reports filed with the Securities and Exchange Commission (SEC).
Reports on just how much money the company has taken in in revenues over the past years and quarters, and how much it has kept as profits. (One press release listed on the company website had a headline that said "Plasticon Announces Company is Profitable as of Second Quarter 2005," but the link to the article was no longer working.)
Reports on the company's financial health. For example, how much debt does it have, and how much cash? Sometimes terrific companies crash because they can't service their debt or just don't have enough money to keep the machinery running long enough to make money. This is pretty standard stuff for most publicly traded companies. For example, a quick trip to the website of Buffalo Wild Wings (Nasdaq: BWLD), a $225 million company recommended in our Hidden Gems newsletter a few months ago, offers links to annual reports and SEC filings, among other things. (Grab a painless free trial of Hidden Gems and see what other small, dynamic firms we've recommended.) It's the same with $650 million Rule Breakers recommendation Myriad Genetics (Nasdaq: MYGN), which is up some 14% since being featured a few months ago. (Try Rule Breakers for free and see the whole list of recommended stocks.)
There's other information I'd want before I'd consider investing in this firm, too. For example, who are its competitors and how are they doing?
Above all, I'm left wondering why the company, if it's doing so well, isn't offering any data on its financial health and performance for investors and would-be investors. One might argue that such details might be hidden so as not to inform competitors, but still ....
I tried one last resort. I called the Investor Relations contact person listed on the website. I thought I'd gotten the wrong number at first, though, because the call was answered by a Florida-based consulting company, which apparently handles investor relations issues for the Kentucky-based Plasticon. Regardless, I asked the fellow to send me the company's latest financial statements -- and was told he couldn't. He said they would be available in the near future, and that he'd send them to me. This was a week or two ago, and all I received was a press release announcing that "Plasticon Transfers Wholly Owned Inventory of Injection Molds to New Production Facility" and "Injection Molds Have Been Independently Valued at $10 Million." I even asked for past reports, while I wait for the latest ones. That went nowhere, too -- they simply weren't available.
In a nutshell I've seen, read and heard enough about Plasticon now to make me not want to invest in it. This could end up being one of many investments and non-investments I regret later, but that's OK.
The company's market cap, or total market value, appears to be in the neighborhood of $15 million. That's pretty darn tiny. A simple, successful mom-and-pop store down the street might carry such a value. The stock price is a mere penny per share. If the firm is really doing so well, why are the stock price and market value so low?
I remain committed to my belief that most stocks valued at less than $5 per share carry such low prices for good reasons. These "penny stocks" tend to be volatile and are easy to manipulate and lose money on. Basically, I'd rather invest in firms with established and impressive track records and more transparent finances. If Plasticon one day offers more data on itself, I'll be happy to take a closer look, since the company and the industry are quite intriguing.
In the meantime, there are lots (and lots) of more established and exciting companies. Even Tootsie Roll (NYSE: TR) is compelling -- as W. D. Crotty explained recently. He pointed out that had you invested $1,000 in Tootsie Roll back in 1957, you'd have more than a million dollars now, as its average compound growth rate over the period topped 16%. Then there's Avon (NYSE: AVP), which as M. D. Mitchell explained, is growing slowly but surely and may grow much more, thanks to a presence in China. And Stock Advisor selection 7-Eleven (NYSE: SE), which recently reported sales up 17% and profits up a whopping 54%. See? Lots of promising candidates for investments -- and they all have financial statements ready for your examination.
So am I here to slam Plasticon? Not at all. I just don't know enough about it, even though I tried to learn -- which is the problem. If you know more than I do about Plasticon, as you well might, I invite you to share more information on our discussion board.
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Plasticon Completes Pro Mold, Inc. Acquisition
LEXINGTON, KY, Dec 09, 2005 (MARKET WIRE via COMTEX) -- Plasticon International Inc. (OTC: PLNI) is pleased to announce that the company has successfully completed the privately financed and definitive agreement for the acquisition of Pro Mold, Inc., pending SEC approval. Plasticon will be receiving plant equipment and current contracts valued at close to $5 Million.
Pro Mold, Inc. is currently profitable and generates revenues of approximately $5 million annually. Pro Mold, Inc. is one of the premiere injection molding companies of the Midwest. The Pro Mold facilities will be wholly owned by Plasticon, and will become the centerpiece for manufacturing operations. As a result, Plasticon will no longer rely on contract manufacturers, thus improving the company's bottom line.
The Pro Mold facilities allow Plasticon to greatly advance production capabilities. With the addition of the new high-capacity molding machine that Plasticon recently purchased, the plant will now be able to produce up to $28 to $30 million in sales annually.
"This acquisition symbolizes a move to the next level for Plasticon, we can now control the future of the company through our own proprietary manufacturing methodology. This is a great day for Plasticon and our investors," stated Jim Turek, President and CEO of Plasticon International, Inc.
About Plasticon International, Inc.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, plastic lumber, and office supplies which are all produced from recycled and recyclable plastics. Plasticon is a leader, an innovator of cutting-edge design, engineering, and production of industrial and commercial products. Plasticon is a green Company, environmentally friendly, using recycled plastics to produce its line of products.
For more information, please visit the Plasticon web site online at www.plasticonintl.com, or Contact Investor Relations at: 1-866 THE APPL(E)
posted
Yellow, you are such a pump..........someone is diluting this stock........it's way down and will need soemthing to breath life back into it........it might be a good long hold at these prices, but it's still a pink and pinks can dilute at any given moment
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"....Yessiree, Billy Joe-Bob.............., .....I love it when a plan comes together..........................
Plasticon to Complete Acquisition of SEMCO Manufacturing on November 17th
CEO Jim Turek: SEMCO, a Pioneer of Resurfacing Technology, Will Be a Major Profit Center for Plasticon
LEXINGTON, KY, Oct 27, 2005 (MARKET WIRE via COMTEX) -- Plasticon International Inc. (OTC: PLNI) announced today that the company will meet with SEMCO Manufacturing, Inc. on November 17th, 2005, to complete the privately financed acquisition.
"The final product review stage of SEMCO's surfacing technology is finished and we look forward to completing this acquisition on November 17th," said Jim Turek, President and CEO of Plasticon International, Inc. "This acquisition has generated a lot of excitement because the industry realizes that Plasticon's rebar support products and SEMCO's surfacing products, offered together, will represent the most advanced waterproofing solution in the marketplace today for the construction industry. SEMCO's products are recognized as the best of breed surfacing products and technology in the United States. SEMCO's reputation as a cutting-edge surfacing technology company has also extended oversees. As a result they have opened offices in Japan, China, Singapore, and Australia to meet demand."
Because SEMCO's advanced surfacing technology is both unique and essential, Mr. Turek believes that SEMCO Manufacturing will add tremendous value to Plasticon's bottom line. "SEMCO's water-based resurfacing products, which cross-link chemically to any material they are being bonded to, reinforces the density of virtually any surface, including concrete, tile and wood to name a few. There are almost endless applications for their cutting-edge products. That's why we are confident that SEMCO will be a major profit center for Plasticon."
According to Mr. Turek, Plasticon has already received serious inquiries from ten major licensees who are interested in distributing SEMCO's products. "Since our announcement about the letter of intent to acquire SEMCO, we have been inundated with phone calls and inquiries about SEMCO's product line. In fact, we already have ten potential regional licensees lined up to distribute SEMCO's products. The reason for this is simple: SEMCO's products are both essential and unique. They have the only product on the market which truly prevents water damage. This problem has always plagued the construction industry and costs the U.S. billions of dollars annually."
Mr. Turek noted that the product synergies with Plasticon's existing recycled plastic rebar support product line and SEMCO's surfacing products will allow Plasticon to immediately begin offering SEMCO's products to existing customers. "SEMCO's surfacing products add years to the life of the structure by eliminating the absorption of water into concrete. Until now, water damage has corroded the metal rebar support which has been used in bridge construction in the past. The combination of Plasticon's rebar supports, which are impervious to water because they are made from recycled plastic, and SEMCO's surfacing products, which completely waterproof the structure they are bonded to, is unprecedented in our sector," Mr. Turek said. "These two products, offered together, give Plasticon an enormous competitive advantage. We will be the only company in our sector that can offer a truly comprehensive waterproofing solution to the construction industry."
SEMCO Manufacturing, based in Las Vegas, Nevada, since 1981, has provided their surfacing products to many of the city's most impressive showcase projects, including the world-famous fountains at the Bellagio, Las Vegas's premier hotel-casino, the MGM Grand and The Venetian Hotel-Casino. Their eclectic customer base also includes high-profile commercial, public and private clientele. Projects have ranged from critical government facilities (the flooring of the Pentagon) to elementary schools, community centers and many prominent parks and public works projects to the Bioshpere project, where the SEMCO team provided the materials for the creation of a lush, fully functioning indoor rainforest. SEMCO's product line is noted for its incredible durability which is why it is used on heavily trafficked walkways, in extreme outdoor weather conditions, in chlorinated pool water and on rugged exteriors.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, plastic lumber, and office supplies which are all produced from recycled and recyclable plastics. Plasticon is a leader, an innovator of cutting-edge design, engineering, and production of industrial and commercial products. Plasticon is a green Company, environmentally friendly, using recycled plastics to produce its line of products.
Plasticon International, Inc.: Jim Turek President and CEO 3166 Custer Drive, Suite 101 Lexington, Kentucky 40517 web site: www.plasticonintl.com Contact Investor Relations: Matt Maguire Ph: 866 843 2775 SOURCE: Plasticon International Inc. CONTACT: http://www.plasticonintl.com
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Remember, "...Super-Cheapie-Shares.." are only 'super-cheapie-shares' while they are still super-cheapie-shares..!!!
PLNI - According to Big Apple, there will be some good PLNI News out before the end of the month. That should be followed by very significant PRs after New Years.
PLNI 0.0039 +0.0001 (+2.63%) 0 0 36,812,648
There was clearly a little green showing today as TASR and ETRD stepped into the the fray, giving NITE, SCHB and VFIN a good drubbing.
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from another board where yellowsubmarine goes by the name jimhollen... this is a great reply to his last pump:
jmhollen wrote: .
News before the end of the month, and then "..more to come.." after New Year's - according to Big-A...............
"..Boooooyaaaaaaaa........ ..Or, as 'Flo' would say to the Puke-stained BashHoles, "...Kiss my grits...............
John
.
Hey Richard-Head,
Let me guess what the "BIG NEWS" from Rotten Apple will be:
- the audit will be completed by Nov 2004 - the audit will be completed by June 2005 - the audit will be completed by July 2005 - the audit will be completed soon - Turek the Plastic-Man is excited over recent developments - PLNI will buy back 200 million shares - yada yada yada
This is getting real old, Mr. Pumper Man. I'm glad I dumped this POS when it was .007/share. How much is Rotten Apple Consulting paying you for your multi-board pumping?
Get bent....
-------------------- Spend Word For Word With Me And I Shall Make Your Wit Bankrupt.
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Hey RiescoDiQui, go easy on "ole yellow", I think he is trying to let us in on the news of the forward split. Or something like that, I think, I guess. Well maybe.
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PLNI -- Make sure you know the upside of what's about to happen here......
Plasticon International, Inc. (Pink PLNI): has been in the recycled plastics business for 17 years. The company's line of patented, plastic concrete accessories has been approved or accepted in all 50 states and several foreign countries including Poland, Israel, Canada, Mexico, and Egypt. In addition, its transportation signage has received DOT approval or acceptance in all 50 states. Specifically, the company offers for resale: ..1. Rebar supports ..2. Plastic lumber ..3. Plastic signage (i.e.; highway and state signs) ..4. Office products including file folders and binders ..5. Impermeable concrete-like products made from recycled glass. Website:{/b] http://plasticonintl.com/ RTQ's & L-II: http://www.pinksheets.com/quote/quote.jsp?symbol=PLNI
News coming this week, next week and following..........
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