I like this statement in the Outlook for the Future: "The breakout has clearly begun and this is evidenced in the financial statements.The momentum and tide in sales and earnings has unmistakably swung to a favorable position for Plasticon International as we strive to grow the Company throughout the global marketplace."
Posted by Bearclaw on :
Holy crap Chopper...nice surprise...I came here to close out for the weekend and find this hahahahah...Great find buddy...
Look for a fun Tuesday folks...The increase in the first quarter of 2006 from 2005 is huge...The ProMold and Semco deals are included...I just skimmmed over it so I better read the whole thing before I comment further...Good news for those holding and good news for folks wanting in Tueasday...
We should see the multiple contract announcements coming out on PR's now that the deal is done IMHO...
Posted by money 76 on :
nice
gr8 find .my first buy for tue at the moment . lets hope it has a good run
Posted by Chopper on :
Total revenues for the 2005 Quarter ending March 31st 2005 was $82,370 vs. total revenues for the 2006 Quarter ending March 31st 2006 was $1,830,534, which is a 2,222% increase in sales over the same quarterly period. Gross profits for Q1 2005 was $79,860, vs. gross profit for Q1 2006 was $684,752, which is an increase of 859%.
Posted by ballyman on :
As I mentioned on the other thread this reinforces my confidence in this company!!! Good find, I too was not looking for this and walla there it is!!! Have a great looooooooooong weekend!
Posted by Chopper on :
PLASTICON INTERNATIONAL, INC. Management’s Discussion and Review of Unaudited 2006 First Quarter Financial Statements A review of the first quarter of 2006 financial statements clearly reveals a breakout pattern for Plasticon International, Inc. in comparison to previous quarters. The Company has now begun its rollout of the former Georgia Pacific, now BlueLinx, exclusive national distribution contract. Balance Sheet: A review of the balance sheet will show an increase in accounts receivable of 800%, using only the first quarter of 2006 as compared to the entire FY of 2005. Total Assets: went from $6,233,569 to $8,454,879, increasing in the first quarter of 2006 alone by 27% vs. the entire FY 2005. Regarding the statement of operations, total revenues March 2006 vs. March 2005: Total revenues for the 2005 Quarter ending March 31st 2005 was $82,370 vs. total revenues for the 2006 Quarter ending March 31st 2006 was $1,830,534, which is a 2,222% increase in sales over the same quarterly period. In addition the first quarter comparison of numbers from FY 2006, vs. yearly numbers for FY 2005 shows signficant progress towards profitability. We anticipate the Company to continue to show earnings improvements throughout FY 2006. Gross profits for Q1 2005 was $79,860, vs. gross profit for Q1 2006 was $684,752, which is an increase of 859%. The gross profit margin in Q1 2005, was 4% vs. the gross profit margin for Q1 in 2006 was 37%. This reveals a substantial improvement in productivity and overall production operating efficiencies of the Company. In reviewing the $10,068,108 for operating expenses, the following factors have to be considered: The figure of $8,679,000, as referenced in the footnotes of the financial statements, number 13, page 6, Common Stock, paragraph 1, were incurred under the GAAP (Generally Accepted Accounting Principles) and FASB (Financial Accounting Standards Board) rules of beneficial interest expense. As the Company has described in the past, beneficial interest expense is not an operating expense. It is merely a bookkeeping entry reflected, due to the issuance of stock to the majority shareholder, for capital contributions made to the Company. If we remove the $8,679,000, from the $10,068,108 for total operating expenses, we arrive at a figure of $1,389,108, which is the actual operating expense of Q1 2006. When this is compared to the operating expense for Q1 2005 of $2,493,933, this represents a decrease in operating expenses of 56%. Loss From Operations: Again, as we review the loss from operations, we must factor in beneficial interest expense of $8,679,000 minus the $9,383,356 that is actually reflected in the financial statements, which leaves us with an actual loss from operations of $704,356. If we then compare the actual loss from operations in Q1 2006 of $704,356, vs. the loss from operations in Q1 2005 of $2,414,073, this is a decrease in loss from operations from Q1 2005 to Q1 2006 of 71%. Net Loss: Again, regarding net loss, we must remove the beneficial interest expense of $8,679,000 from the figure reflected in the financial statements of $9,437,270, which then gives us an actual net loss of $812,184. When we compare the actual net loss from Q1 2006 of $812,184, vs. the net loss of Q1 2005 of $2,507,552, this represents a decrease of 68%. Statements of Cash Flows: Again, under net loss, we must deduct the $8,679,000 of beneficial interest plus interest expense and other expense, and we arrive at a figure of $812,184. This is the actual net loss, after deducting for the beneficial interest expense, which as has been described, is a bookkeeping entry and not actual net loss. Outlook for the Future: An analysis of the financial statements reveals positive movement in every category of accounting. The Company has made significant progress toward profitability and will continue to move toward positive earnings per share. Plasticon has now begun its 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 has unmistakably swung to a favorable position for Plasticon International as we strive to grow the Company throughout the global marketplace.
Posted by kdb83182 on :
Wow, they are making some nice YoY improvements, GL to all who are in this!
Posted by Bearclaw on :
Chopper...
Nice post...
Thinking about picking up more shares at open on Tuesday...The more I think about it the more I think it could run hard for several days... especially if they PR other developments...
Decisions, decisions, decisions...
Posted by imakmony2005 on :
YA BABY,THANKS CHOPPER.
Posted by imakmony2005 on :
5/26/2006
May 26, 2006 (M2 PRESSWIRE via COMTEX News Network) -- Today our stock watch alerts today include stock alerts for Global Environmental Energy Corp. (OTCBB: GEECF), Hybrid Fuel Systems, Inc. (OTCBB: HYFS), Molecular Pharmacology (OTCBB: MLPH), Systems Evolution, Inc. (OTCBB: SEVI), Plasticon International (OTC: PLNI)
OTC STOCK ALERTS
Posted by SchwarzBiest on :
well whatdayaknow, it looks like things may be coming back to life again. Maybe Cold sold his shares last week lol...speaking of, where is he anyway? This could use some good 'ol Cold bashing next week to help it run Posted by BuyTex on :
LOL--cold!
Anybody got that guy on a Rolodex? Call him! Maybe he's stringing beads in therapy, not checking his e-mail alerts...
Posted by Chopper on :
Thanks everyone, Maybe this pig will fly afterall. LOL
Awwwwwwww Tex, that was really Cold.... Speaking of which, Hey Cold the all clear sirens have gone off! You can come out now. GL everyone.
Posted by Chopper on :
Special Updates From the Green Baron Plasticon Intl. (PK: PLNI)
Plasticon Files Un-audited Year 2005 and First Quarter 2006 Financials on PinkSheets.com
Latest filings indicate PLNI will regain listing on PinkSheets.com and emerge from quiet period
In our last major update on PLNI on May 10, we urged our members to have “just a little more patience, and we believe the reward will be worth the wait”. We understand that the past several weeks have been frustrating as PLNI has tested lows at about .0037 per share, a level not seen since last December. The closing price of .004 per share on Friday, May 26 may very well be the lowest price we see again on PLNI stock.
In a press release issued on May 8, 2006, CEO Jim Turek stated, “In the coming days and weeks, the Company will be making additional financial information available to its shareholders and the public, which will include un-audited financial statements for the first quarter of 2006. These numbers will clearly show a dramatic turnaround in the sales and earnings of the Company and demonstrate unmistakably that the Company has turned the corner has now begun the initial stages of its growth years.” It took less than three weeks for PLNI to deliver on this statement, and The Green Baron Report believes Plasticon and CEO Jim Turek are ready turn up the fire.
Revenues for the first quarter of 2006 did, in fact, show that Plasticon has turned the corner. The Company recorded over $1.83 million in revenue in just three months, a revenue number that trumps any other revenue figure reported by Plasticon. The spark in growth indicates to The Green Baron Report that Plasticon is indeed for real, and we are likely seeing just the embryonic stages of a huge growth story. The 17-page unaudited first quarter numbers can now be viewed at https://www.otcstockinfo.com/repository/671/671_FR12.pdf.
The last time Plasticon resurrected itself from a trading level similar to recent weeks was last December. During the month of January 2006, PLNI stock rallied from about .0036 per share to as high as .0109 per share. The Company was criticized for over reporting its contracts and business plans prior to producing financial reports. In the beginning of February, PinkSheets.com would no longer list PLNI stock unless it filed unaudited financials all the way to its most recent quarter and answer a long list of questions. PLNI stock has suffered while it focused on getting all these reports completed and held off from announcing deal flow.
Although a final approved audit of year 2005 numbers will be necessary before PLNI can apply for a Bulletin Board listing, we believe the un-audited filings will now give Plasticon the ability to explain its tremendous growth story. In the coming weeks, The Green Baron Report plans to conduct at least one exclusive Green Baron Webcast interview with Plasticon. We are intent on making the company answer our questions, many of which have come directly from our loyal readers.
Posted by Brad C on :
All the news is going to make this stock be a good one to have this week.
Posted by YellowSubmarine on :
Plasticon/SEMCO/ProMold (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, Plasticon 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. SEMCO offers wear and weather resistant surfacing products. ProMold is the injection molding production facilty... RTQ's & L-II:http://plasticonintl.com/investor_relations.html Website(s):http://plasticonintl.com/ & http://www.semcomfg.com/ .
Posted by YellowSubmarine on :
Here's a lttle ditty to blast on your CD player while you're flippin' the BashHoles the 'bird' from your new Harley....
quote:Originally posted by Brad C: All the news is going to make this stock be a good one to have this week.
You better collect quickly and hold on a lot longer that that. The shareless flippity-dippers are going to have a terminal case of "..Too many commish's & I still blew it Blues.." real soon!!!
Can anyone guess the PPS in 5yr. Adding shares in a few hrs. GLTA.
Posted by Bearclaw on :
quote:Originally posted by GVMOORE: Can anyone guess the PPS in 5yr. Adding shares in a few hrs. GLTA.
No idea about PPS 5 hours from now nevermind 5 years...but...I'm adding to my position at open also...This should gap and run this morning on the financials...be nice if they follow it with a PR before open...IMO
Posted by Bearclaw on :
Gapping pre-market .0042x.0045
Posted by Repoman75 on :
Is the Green Baron dumping?
Posted by Chopper on :
It will be a long time before the Green Baron even thinks of dumping a share. They know this is just the start for the company.
Posted by JW on :
Looks promising, Chart is turning around, Taged top BB Crossed MACD Crossed 50 RSI Above 20 MA
Posted by imakmony2005 on :
Anytime.imo
Posted by clbgroove on :
So it is true what they say about patience!!!!!
Posted by Chopper on :
Closed up 10% today ...Good start.
Posted by Chopper on :
Plasticon has now filed the last item it needed to be relisted on the Pink Sheets folks! The Legal Opinion of Tradability. Form 211 and audited financials are not far behind IMO.
dotting the i's and crossing the t's what else is there!LOL
Posted by Madvillain on :
I've been watching PLNI for a while now, the pieces to the puzzle are finally coming together and we will see a very significant increase in price very soon. It's only a matter of time now boys, major announcements are coming, the time to buy is now!
Cheers,
Mad
Posted by buckstalker on :
TDAmeritrade still says no can buy this stock...
Posted by Chopper on :
Hey Buck, I know two people with TDA accounts that called into their broker and placed orders and filled in the last 4 days. Not sure why you are having a problem...
Posted by ballyman on :
It is odd to me that they retained the services of a lawyer clear over here in San Diego. Does anyone feel they did this in order to remain as unbiased and unattached as possible??
Posted by Madvillain on :
We should see an announcement this week, most likely on completed '05/first quarter '06 audited financial statements. Also, I believe PLNI quotations will be available on pinksheets very soon. Ultimately, I hope Plasticon uplists to the OTC:BB sooner rather than later.
Strong buy recommendation.
Mad
Posted by Chopper on :
Ballyman, Plasticon's SEC compliant auditors Mendoza Berger & Company, LLP (a Latino minority company) are based in or around the same area. It appears to be just convenience more than anything.
The SEC compliant auditors are required to be unbiased no matter what. They are mandated to be outside auditors not affiliated with the company in any way. The Attorney if Not unbiased could risk being censured or worst case, disbarment.
quote:Originally posted by ballyman: It is odd to me that they retained the services of a lawyer clear over here in San Diego. Does anyone feel they did this in order to remain as unbiased and unattached as possible??
Posted by buckstalker on :
Thanks Chop...I'll be calling them today...
quote:Originally posted by Chopper: Hey Buck, I know two people with TDA accounts that called into their broker and placed orders and filled in the last 4 days. Not sure why you are having a problem...
Posted by Murnak on :
Important Message for Plasticon Shareholders With TD Ameritrade Brokerage Accounts: June 1st Deadline Approaching Wednesday May 31, 8:35 am ET
LEXINGTON, KY--(MARKET WIRE)--May 31, 2006 -- Plasticon International, Inc. (Other OTC:PLNI.PK - News) wishes to inform its loyal shareholders that have Plasticon shares with TD Ameritrade that the deadline for transferring your account or requesting your shares be put into certificate form is this Thursday, June 1st, 2006.
According to the letter sent out by TD Ameritrade dated April 13th, 2006, Plasticon shareholders holding PLNI stock in TD Ameritrade accounts must either have a transfer in progress to another brokerage firm, or request that TD Ameritrade put your PLNI shares into certificate form and send them to you, by this Thursday, June 1st, 2006. If your account transfer request has not been initiated or you have not initiated the process of putting your shares into certificate form by the close of business on Thursday, June 1st, 2006, TD Ameritrade reserves the right to liquidate your account. Should you fail to take action and TD Ameritrade liquidates your PLNI shares, you may, depending on what price you purchased PLNI shares at and what price TD Ameritrade liquidates the shares at, take a loss in your position. It behooves all shareholders who have not heeded the notice by TD Ameritrade to do so immediately, thereby eliminating the possibility of your PLNI position being liquidated.
We encourage our shareholders to take action by contacting TD Ameritrade today. Plasticon suggests that your request should be made in writing to TD Ameritrade so that the request is documented. Forms may be requested by contacting TD Ameritrade at 800-669-3900 or by logging into your account online and requesting your shares be transferred to certificate form. To request that your shares be transferred into certificate form online, users should: 1) Log in to the account, 2) click on the Account Tab, 3) scroll down to Forms area (the first option is Frequently Used Forms, 4) Scroll down to the S section, 5) Find the Stock Certificate Request Form (web based version), and complete the form online. If you are transferring your account to a new brokerage account, TD Ameritrade requests that you fill out an ACATS transfer form from your new brokerage account which will initiate the process. Correspondence to TD Ameritrade can be faxed to 816-243-3769. Overnight mail may be sent to TD Ameritrade, 1005 N. Ameritrade Place, Bellevue, NE 68005. Additional contact information for TD Ameritrade can be found at the following web site: http://www.tdameritrade.com/contact.html. Posted by bobcat88 on :
That's a bunch of B.S., glad I didnt ever use TD water, I hold some shares that are long term, such as PLNI from 8 months ago, when I go on leave with the military I have no contact with any of my stock brokers for over 18 months sometimes. and this is what they would do with my investment. You shouldnt have to request a transfer, if TD water isnt going to trade PLNI shares then just issue all the customers that hold those shares thier certs and be done with it.
Posted by Bearclaw on :
Folks are checking to see if this is a bogus PR...No one ever got notified of a June 1st deadline...I have Ameritrade and transferred my PLNI to E-Trade...TDA never said, mailed or e-mailed me anything about a deadline...This is BS and very very strange...Somethings fishy here guys...
Posted by rkitch on :
I just finished calling Ameritrade and this alert only applies to certain holders of the stock. If you haven't received a letter from TDAmeritrade this doesn't apply to your account. Talked with Chris. I asked if I possibly didn't receive the letter due to a recent move and upon further checking, she advised me that this is something that PLNI implemented "I think" . She is to do further research into this matter and is to call me back before close today.
Posted by Bearclaw on :
rkitch... PLNI didn't implement TDAmeritrades decision to restrict buys or clear out PLNI shares in specific accounts...If she said anything like that then you just got bullsheeted...There is something really wrong here...
Posted by rkitch on :
Notice that I placed in quotes "I think". At first it was short and simple. "Only certain accounts would be effected". After telling her of my recent move and possibly didn't receive a letter, she put me on hold two different times and then advised me she would do further research and call me back TODAY. You are right Bearclaw. There is something really wrong here.
Posted by ballyman on :
Posted by Bearclaw on :
rkitch... On other ****s folks are saying accounts who hold PLNI shares "only" are being liquidated...The bashers are out in force also... This could be a fun situation to watch as it falls out...I'm wondering if the PR is a fraud...This will all fall out in time...
You a VOL fan rkitch???
quote:Originally posted by rkitch: Notice that I placed in quotes "I think". At first it was short and simple. "Only certain accounts would be effected". After telling her of my recent move and possibly didn't receive a letter, she put me on hold two different times and then advised me she would do further research and call me back TODAY. You are right Bearclaw. There is something really wrong here.
Posted by Tigress on :
I'm another one who never received any notice from TDAmeritrade to transfer out my shares. A couple friends of mine also have TDAmeritrade accts and hold PLNI and never received notice of the June 1st deadline either. Is there anyone here who actually did receive something directly from Ameritrade on this issue?
Posted by Bearclaw on :
Tigress... I can't find anyone...I sure didn't!!!
Posted by rkitch on :
Check on the VOL fan. Moved here from Memphis a year ago and found if you don't wear orange they will deport you, lol. Chris just called . She stated if PLNI did not put out this information then it is a false rumor. She gave me the number to call PLNI. 866-843-2775. She further advised that TDAmeritrade has had "some" restrictions on PLNI in the past but "aren't liquidating accounts"
Posted by sonic0boom on :
FYI, I just checked and that PR is on the Market Wire website. How could someone get Market Wire to release a fake PR? Anyway, I'm glad my shares are in my choice trade acct Posted by ballyman on :
I don't think it is a fake, PLNI has it on their website. Meaning PLNI issued it.
Posted by rkitch on :
Received a call from Big Apple who is the investor relations for PLNI. The news release was generated from PLNI. However, according to TDAmeritrade and Big Apple, apparently only "some" of the accounts will be affected by this plan. No-one will explain who is affected or why. If no letter was received then your account should not be affected. Guess we will just have to wait and see. DID ANYONE RECEIVE THE ILLUSIVE LETTER???????
Posted by Tigress on :
I sent an email to Ameritrade asking about this and received this in response (pretty lame):
TD AMERITRADE has made a business decision to restrict trading in PLNI in an effort to protect our clients and our firm.
Pink Sheets believes adequate current information must be publicly available during any period that the issuer or affiliates of the issuer are directly or indirectly engaged in promotional activities having the effect of encouraging trading of the issuer's securities in the OTC market. Pink Sheets has observed that such promotional activities are occurring for this security, but that adequate current information may not be available. Consequently, Pink Sheets has removed the quotes from this website until such information is made available by the issuer to the investing community. Investors are encouraged to use care and due diligence in their investment decisions.
TD AMERITRADE is not responsible for the claims or representations made by the above Web site. We cannot guarantee the quality or suitability of any content found there. TD AMERITRADE does not endorse or recommend the products or services of any company mentioned on this site.
Thank you,
Toni B. Apex Client Services, TD AMERITRADE Division of TD AMERITRADE, Inc.
Posted by ballyman on :
Keeping my fingers crossed that other brokers don't get any wild ideas, this is my flagship and I don't feel like playing captain.
Posted by Chopper on :
Another letter from TDA acknowledging in a round about way that they did indeed send out the infamous share liquidation letter to select share holders. Something stinks in all this ruckess.
TD Ameritrade response to PLNI PR...
Dear Sir,
The information contained in that press release is not accurate. Unless you have been contacted directly by TD Ameritrade no action will be required. Debra A. Apex Reorganization and Safekeeping, TD AMERITRADE Division of TD AMERITRADE, Inc.
Original Message Excluded:
Posted by bobcat88 on :
TD water was pumping and or shorting the stock and are now being investigated for SEC fraudulant activities in regaurds to PLNI.
Got to protect our clients from ourselves?
Posted by Madvillain on :
Folks,
Don't be suckers by giving in to all this drama today regarding TD Ameritrade. Major announcements by Plasticon are on the way, you can count on it. Watch this gem of a stock take off to the moon!
The volume isn't exactly as large as what we need it to be for a significant increase in price. For example, the volume today is 30+ Million, but we need 100+ Million for a significant spike. We will see this type of volume soon following major announcments, which are imminent IMO!
Mad
Posted by Bearclaw on :
Madvillain... Agree...on Rb there were 300 posts in the morning alone today...a wave of bashers...Someone is sheeting bullets that they'll have to cover their shorts and this will run like a scalded dog...
That PR was a heads up to shareholders by PLNI... I bet this gets clearer very soon...My best guess is the SEC will be looking into the naked shorting and overseas hedge fund practices of some very unpopular MM's and their cherubs...I'm hoping...Payback's a beech..IMHO
Posted by Madvillain on :
quote:Originally posted by Bearclaw: Madvillain... Agree...on Rb there were 300 posts in the morning alone today...a wave of bashers...Someone is sheeting bullets that they'll have to cover their shorts and this will run like a scalded dog...
That PR was a heads up to shareholders by PLNI... I bet this gets clearer very soon...My best guess is the SEC will be looking into the naked shorting and overseas hedge fund practices of some very unpopular MM's and their cherubs...I'm hoping...Payback's a beech..IMHO
You got it! Plasticon is a turn around company like it or not, all is well and we will see just how well in due time. Honestly bro, I do not want to be on the sidelines when this gem, as you put it, "runs like a scalded dog"!
I added more to my position today, this is a buying opportunity IMO!
Remember, the volume isn't near where we need it to be. One of these days when the volume picks up dramatically (which it will), nothing will stop this train!
See you at $0.01, $0.02, and so on bro!
Cheers,
Mad
Posted by unreal33 on :
So if I didn't get a letter in the mail from Ameritrade I shouldn't worry?
Posted by Bearclaw on :
Call your broker...
quote:Originally posted by unreal33: So if I didn't get a letter in the mail from Ameritrade I shouldn't worry?
Posted by Madvillain on :
quote:Originally posted by unreal33: So if I didn't get a letter in the mail from Ameritrade I shouldn't worry?
IMO you should get hooked up with E*trade, because you can buy all the PLNI you want with E*trade!
Cheers,
Mad
Posted by ballyman on :
So far so good with e-trade, I have had them for several years with zero headaches. The more you trade the cheaper the comms get.
Posted by unreal33 on :
just called, broker says the restriction is only for purchases of PLNI, my position won't be liquidated
Posted by trewblue on :
I received the same info as Tigress above. I sent a follow-on email asking them to clearly explain if my shares would be liquidated and here's the response I just got:
A Closing Transactions Only (CTO) restriction has been added for Plasticon International Inc., ticker symbol 'PLNI'. Additionally, we are no longer accepting incoming stock certificates. TD AMERITRADE has made a business decision to restrict trading in this security in an effort to protect our clients and our firm. At this time we are unaware of when the closing transactions restriction will be lifted. When we receive more information about this issue we will let clients know.
Thank you,
Becky T. Apex Client Services, TD AMERITRADE Division of TD AMERITRADE, Inc.
Posted by Madvillain on :
Best Bid: 0.004 Best Ask: 0.0042
Coming back up now, the dip today was a buying opportunity IMO!
Mad
[ May 31, 2006, 15:48: Message edited by: Madvillain ]
Posted by Madvillain on :
Best Bid: 0.0041 Best Ask: 0.0044
Strong close coming boys! PLNI holding strong considering all the drama today.
Mad
Posted by Tigress on :
After a few more emails back and forth with TDAmeritrade, they confirmed that my position does not need to be transfered out or closed. False alarm that caused me some unnecessary grief today. Can't understand why Plasticon would issue a PR like this, what would they have to gain?! I hate to see the already struggling PPS brought down even more over something like this!
Posted by Bearclaw on :
Good...Now you can sleep tonight !!! I moved mine over to E-Trade 2 weeks ago...
quote:Originally posted by unreal33: just called, broker says the restriction is only for purchases of PLNI, my position won't be liquidated
Posted by Bearclaw on :
Because a letter went out to some Ameritrade folks who held PLNI...Over the past 2 weeks folks who held shares of PLNI "only" in their account got the letter...This situation is not the fault of PLNI...Think Naked Shorting !!!!
quote:Originally posted by Tigress: After a few more emails back and forth with TDAmeritrade, they confirmed that my position does not need to be transfered out or closed. False alarm that caused me some unnecessary grief today. Can't understand why Plasticon would issue a PR like this, what would they have to gain?! I hate to see the already struggling PPS brought down even more over something like this!
Posted by Bearclaw on :
This e-mail from TDAmeritrade is bullsheet...This is about shorting this stock to the tune of 600+ million paper shares...Look back at the PR's ...PLNI already told us this was happening and TDAmeritrade got caught with their pants down...They have to cover their shorts...Of course they will let us sell...hahahahaha...
Given the right set of circumstances...and...If this runs with a good PR they ( MM's ) will be chasing this to cover shorts and it will run like a scalded dog...Give em hell Turek...Payback's a beech...IMO...
quote:Originally posted by trewblue: I received the same info as Tigress above. I sent a follow-on email asking them to clearly explain if my shares would be liquidated and here's the response I just got:
A Closing Transactions Only (CTO) restriction has been added for Plasticon International Inc., ticker symbol 'PLNI'. Additionally, we are no longer accepting incoming stock certificates. TD AMERITRADE has made a business decision to restrict trading in this security in an effort to protect our clients and our firm. At this time we are unaware of when the closing transactions restriction will be lifted. When we receive more information about this issue we will let clients know.
Thank you,
Becky T. Apex Client Services, TD AMERITRADE Division of TD AMERITRADE, Inc.
Posted by SchwarzBiest on :
Hmm...well I guess maybe Turek was right last year when he pretty much said that they were going to catch the MMs with their pants around there ankles. Anybody have that statement on hand by any chance? Its been so long ago, I cant remember when he said it ?
Posted by SchwarzBiest on :
I just called ameritrade myself, and the person I spoke too said that the pr about liquidating our shares was false, and that their lawyers are currently working on it. He did say though that there is a restriction on buying PLNI, but none on selling, sooooooo take it for what it's worth. Well I'm off to do some bass fishing!
Posted by Bearclaw on :
SchwarzBiest... Here ya go buddy...You can also find past PR's on the PLNI home page...
Latest Headline for Plasticon Intl Inc
Plasticon International, Inc. (PLNI) SqueezeTrigger Price Is $0.008; Approximately 794 Million Shares Shorted Since January 2005 According to ********** Research Report 5/10/2006 8:30:03 AM CORONA DEL MARA, CA, May 10, 2006 (MARKET WIRE via COMTEX) -- WWW.********** is initiating coverage of Plasticon International, Inc. ( PLNI ) after releasing the latest short sale data to May 2006. From January 2005 to May 2006 approximately 10.4 billion total aggregate shares of PLNI have traded for a total dollar value of nearly $83.5 million. The total aggregate number of shares shorted in this time period is approximately 794 million shares. The PLNI SqueezeTrigger price of $0.008 is the volume weighted average short price of all short selling in PLNI. A short squeeze is expected to begin when shares of PLNI close above $0.008. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://WWW.**********.
Month Total Vol. Short Vol. Avg. Price Short $ Value ----- ---------- ---------- ---------- ------------- January '05 99,733,360 7,679,469 $0.003 $ 23,038 February 162,740,080 12,530,986 $0.003 $ 35,087 March 69,280,392 5,334,590 $0.003 $ 15,470 April 105,720,168 8,140,453 $0.003 $ 23,607 May 1,030,887,616 79,378,346 $0.011 $ 849,348 June 639,579,456 49,247,618 $0.015 $ 753,489 July 450,594,752 34,695,796 $0.015 $ 530,846 August 429,448,672 33,067,548 $0.013 $ 423,265 September 423,765,856 32,629,971 $0.013 $ 437,242 October 462,601,408 35,620,308 $0.010 $ 370,451 November 964,371,008 74,256,568 $0.007 $ 534,647 December 940,215,360 72,396,583 $0.005 $ 383,702 January '06 2,114,025,728 162,779,981 $0.005 $ 862,734 February 1,082,063,104 83,318,859 $0.007 $ 541,573 March 658,098,944 50,673,619 $0.006 $ 298,974 April 678,449,664 52,240,624 $0.005 $ 261,203 May 92,029,720 7,086,288 $0.004 $ 31,180 Total: 10,403,605,288 793,991,319 $0.008 $6,375,856 * short volume is approximated using a proprietary algorithm. ** average short price is calculated using a volume weighted average short price. *** short volume is the total short trade volume and does not account for covers. PLNI On OTC Naked Short Threshold List Start End Days on List January 7, 2005 January 13, 2005 5 February 14, 2005 February 18, 2005 5
Plasticon International, Inc. has been on the OTC Naked Short Threshold list two times. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. SEC Regulation SHO, under the Securities Exchange Act of 1934, mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.
About Plasticon International, Inc.
Plasticon International, Inc. designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, 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.
Posted by Bearclaw on :
"under the Securities Exchange Act of 1934, mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position."
Guys... If the right set of circumstances occur and the MM's have to buy up their shorts ....this could be the fastest "scalded dog" run in a while...Keep the faith...Go get em Jim boy hahahaha
Posted by Madvillain on :
Stay strong, stay long!
$0.01 coming!
Cheers boys,
Mad
Posted by Madvillain on :
The news regarding TDAmeritrade today brought the price down a little throughout the day, but as you can see, the price came right back up by close. Long time investors of PLNI and investors that have done the research know what's up and I do not want to be on the sidelines when major announcements are released. PLNI will "run like a scalded dog," as Bearclaw put it!
Best Bid: 0.0041 Best Ask: 0.0045
Mad
[ May 31, 2006, 23:00: Message edited by: Madvillain ]
Posted by Doctoall on :
Run doggie run Posted by Black0r on :
You forgot to scald it first!
Wait, I'll heat some oil now. lol
Posted by Doctoall on :
quote:Originally posted by Black0r: You forgot to scald it first!
Wait, I'll heat some oil now. lol
Boiling the water as we speak Posted by Madvillain on :
Major announcements coming, so don't sleep on PLNI!
Mad
Posted by ballyman on :
What's yer secret?? How is it that you are in the know??
Posted by Madvillain on :
quote:Originally posted by ballyman: What's yer secret?? How is it that you are in the know??
It's all here bro...
Plasticon International Inc. Completes Audited Financial Statements Monday May 8, 8:56 am ET
Plasticon Completes Audits and Submits Filings to the SEC
LEXINGTON, KY--(MARKET WIRE)--May 8, 2006 -- Plasticon International, Inc. (Other OTC:PLNI.PK - News) is pleased to announce they have completed their Audits and have submitted its filings to the SEC. Plasticon International Inc. has completed their audits for 2003 and 2004 and will now move expeditiously to complete their audits for the year end 2005 and the first quarter of 2006.
Plasticon International's financial statements have been audited by Mendoza Berger Company, L.L.P., CPA, who has served as the independent auditor for the Company during the fiscal years ended December 31, 2004 and 2003. Plasticon International's financial statements have been filed along with an information statement on www.pinksheets.com. The Company is presently nearing completion of the 2005 audit and expects to make its filings available in the near future, along with the first quarter of 2006.
Upon completion of the 2005 year end audit and the first quarter of 2006, which the Company fully expects to have in the very near term, Plasticon will submit the necessary filings to move the Company to the OTC:BB.
"We have commissioned a leading Market Maker to submit the necessary filings with the SEC and NASD to move the Company up to the NASDAQ Bulletin Board," said Jim Turek, President and CEO of Plasticon International, Inc. "It is our goal to move the Company to the NASDAQ Bulletin Board as quickly as possible. Once we have completed the move to the OTC:BB, we will then focus on bringing the Company to the American Stock Exchange."
Mr. Turek added, "This is a very exciting time for Plasticon International, Inc. This is truly a milestone for the Company. By completing its audits, Plasticon is moving forward and getting closer to its goal of moving to higher markets. In the coming days and weeks, the Company will be making additional financial information available to its shareholders and the public, which will include un-audited financial statements for the first quarter of 2006. These numbers will clearly show a dramatic turnaround in the sales and earnings of the Company and demonstrate unmistakably that the Company has turned the corner has now begun the initial stages of its growth years. Upon making the first quarter of 2006 financial statements available to our shareholders and the pubic, we fully anticipate being re-quoted on [url= http://www.pinksheets.com."]www.pinksheets.com."[/url]
Mr. Turek also noted, "There are many significant developments regarding sales that the Company will be discussing with its shareholders and the public in the coming days and weeks. Additionally, we will be implementing the buy back program and addressing the share structure of Plasticon International, Inc. Once again, the Company wishes to be clear that there are no plans for a reverse split now or in the future. The Company fully intends to address the restructuring of Plasticon's issued and outstanding shares through the buy back program, and we fully intend to commence the buyback in the very near term."
'05 and '06 audited financial statements are complete and will be released anyday now. Also, Green Baron will be doing a webcast interview with Plasticon within the next couple of weeks.
Mad
Posted by ballyman on :
Oh, sorry to bother, thought you knew something brand spankin' new.
Posted by imakmony2005 on :
boyz boyz.
Posted by Madvillain on :
No worries here, it's only a matter of time now boys!
Mad
Posted by Bearclaw on :
quote:Originally posted by ballyman: Oh, sorry to bother, thought you knew something brand spankin' new.
Funny sheet...hahahaha...So ballyman ...you were looking for some "I know something you don't know" sheet???
If anyone knows anything...real...they would not post it here....you may get a PM if they know you well and trust you'll keep your mouth shut...but...otherwise insider stuff...prior knowledge of an announcement...would not show up here unless it's just new DD that's available to the public...so...be nice...and maybe you'll get a PM now and again with something....real..IMHO
Posted by ballyman on :
Just jonesing for some words of encouragment from our friend Jim, thats all. Thought maybe something grandios was coming down the wire to take my mind off of all my other bags of rocks. Plus all the negative buzz concerning the naked shorting and Ameritrade needs to be subsided with some refreshing new air.
Ball
Posted by ballyman on :
quote:Originally posted by ballyman: Oh, sorry to bother, thought you knew something brand spankin' new.
Didn't mean it the way it sounds, honest, but can see how it may come accross that way.
Ball
Posted by Bearclaw on :
Ball... All's cool man...It seems like the past couple weeks in pennies there are a lot of folks holding bags...I think we are all anxious for something to move in Pennyland...This downtrend is across the board...good luck...
Posted by sneaker68 on :
Edit: This just came up on Yahoo, but I notice the date on the upper right says Dec. 31, 04.
What is this??
Posted by ballyman on :
They are still playing catch up. 05 and first quarter 06 are still in the works.
Ball
Posted by successinstock on :
pinksheet quotes should be back up by the end of the week next week. If they are not, I would suggest everyone who is long call Liz Heff * pinksheets.com 212-896-4400 x426 to push them.
They have indicated that as of 5/30, they have all the documents that they requested to reinstate quoting for PLNI. They are in a final review to make sure that all of the information is complete.
Posted by ballyman on :
I'll be giving her a call if they are not up. At this point there is no foreseen reason why there would be further delay. PLNI is moving on up!!
Ball
Posted by cm3i on :
I think this stock is a brick and morter stock. Slowly but surely. It has all the potential and will eventially run big. I hold 1.5M shares and am not pumping it. I am in for the long haul. I think it will take some time, but all the pieces are in place. They are buying back shares, and announced that they will apply for the OTCBB as soon as the audits for 05 & 06 are completed, with the subsequent jump to the AMEX. Look back at there PR's. Everything they have said has happened. Just not as fast as we all wanted. Now is a buying period, if we are willing to wait it out. Just my opinion. I am just like you guys....Just waiting on the next bit of good news.
Posted by ballyman on :
quote:Originally posted by cm3i: I think this stock is a brick and morter stock. Slowly but surely. It has all the potential and will eventially run big. I hold 1.5M shares and am not pumping it. I am in for the long haul. I think it will take some time, but all the pieces are in place. They are buying back shares, and announced that they will apply for the OTCBB as soon as the audits for 05 & 06 are completed, with the subsequent jump to the AMEX. Look back at there PR's. Everything they have said has happened. Just not as fast as we all wanted. Now is a buying period, if we are willing to wait it out. Just my opinion. I am just like you guys....Just waiting on the next bit of good news.
I agree.
From what can be seen of PLNI, they are building up a strong foundation. They have learned from their past, they took a hard knock.
They know what it feels like to have sand kicked in their face. This will only make them stronger, more aware. Ready to see problematic situations before they get out of control.
Once that foundation is completely revamped, shored and reinforced. This puppy is going to fly at super sonic speed.
Folks standing by on the wayside all dazed and confused are going to say, "What the he11 was that???". It will be too late when they figure it out.
Ball
Posted by cm3i on :
Hope they finish the audits and move to the OTCBB soon. They have enough revenues from Semsco and Promold to go to the AMEX right now. A quote from them 4 months ago.
Posted by vinnie1 on :
this stock is going to run monday.get in while you can
Posted by LanceJ on :
quote:Originally posted by Tigress: After a few more emails back and forth with TDAmeritrade, they confirmed that my position does not need to be transfered out or closed. False alarm that caused me some unnecessary grief today. Can't understand why Plasticon would issue a PR like this, what would they have to gain?! I hate to see the already struggling PPS brought down even more over something like this!
Right, but isn't it bad, and really offensive, that TDAmeritrade will not let you buy anymore shares of PLNI...especially right now, just when PLNI is finally starting to come out with all their financial reports? Why would you stick with TDAmeritrade. Look, call ScottTrade, as you are on hold, you will hear a message where they state, "Ameritrade recently bought out TDWaterhouse. If you would like to transfer your account from TDAmeritrade to ScottTrade, we would love your business. We are transferring all TDAmeritrade accounts at no cost for a limited time."
Get the hell outta there mate. I don't know if you are a freedom loving American or not, but the idea of Big Brokerage Firm coming in like a communist government and restricting your freedom to do what you want with your account really stinks.
It's my freedom to do what I want with my money in regards to investing, and that includes my right to loose all my money just like in any other stock. To have TDAmeritrade tell me they know what's better for me than I do is offensive and absurd.
I argued the TD broker over the phone into a corner. Countering each accusation and the pinksheets.com text he had to read to me in its entirety, and I'm like man, when did pinksheets.com post that? He said what? I said, you are acting as if you are telling me something I don't already know, portraying yourself as privy to information I don't have access to, and telling me you know what's better for me than I do, so prove it. It's a simple question. If you know so much more about PLNI than I do, then tell me when pinksheets.com posted that statement. He replied, I don't know. I said damn right you don't know. It was January 31st, 2006. Do you know why pinksheets.com posted that? He replied, uhhh, no, I don't have that information in front of me. I said damn right you don't know, they posted that in regards to PLNI's delayed audit and that PLNI released a PR promising to have information regarding it by the end of January which they never did, so pinksheets.com thought it prudent to stop the quotation service over their website. Answer me this smart man (he's laughing by now), has PLNI released any financial statements since pinksheets.com put this warning up? He replied laughing, I have no idea. I replied, that's right you have no idea. Yes they have in fact. Since you seem to be so good with quoting pinksheets.com, why don't you go to the webpage on pinksheets.com and click on that little meaningless link that says filings. Had you done that Mr. Knowing how to invest my money better than me, you would know that PLNI has and that pinksheets.com is going to remove that text any time now.
He replied, look, you seem very informed about PLNI, far more than me, all I can tell you is what our research department puts on our screens. I replied well then let me speak to your research department and educate them a little more about what is going on with PLNI. He replied, I can't do that. But trust me, they are reviewing the situation on a daily basis and as soon as they find out anything new, I will personally call you and let you know. I replied, after everything I've told you, you still think you're smarter than me. He replied what? I replied, if you didn't let a major shareholder like me, who owns nearly 1 million shares over the past 3+ years and who continually adds to his holdings each month, if you didn't have the courtesy to let me know that you slapped a trading restriction on my shares to where I could no longer buy more, but only sell....if you didn't have the common courtesy to do that, then why in the hell would I believe you that you are going to call me now when you find out something new?
I put through my transfer to ScottTrade along with a dozen or so friends of mine. The transfer should be complete within 5 days.
TDAmeritrade sucks. Never again will I use their brokerage services and recommend no one else does either.
Posted by nestcrow on :
I had my PLNI shares transferred also LanceJ. I finally had it with this TDAmeritrade b.s.
Posted by cm3i on :
Hey guys Try Investrade. They have no problems with pinksheet stocks, $7.99 per trade with no share limit, and good web site with real time screening, level two and charts. Check them out.
Posted by TickTrader on :
lol... Lance, I don't have near enough shares of Plasticon at TDA to suit me, but I do have other brokers.
I plan to stay in TDA with play around money, just to continue giving what I have been receiving.
I know I said this before... Your input here is appreciated - more than you will ever know. Thanks.
Posted by successinstock on :
LanceJ....nice to see you here. I chatted with a couple of times on superior.....they didn't like me posting and I told them to take me off their stinking website...which they gladly did.
Some of my friends and their acquaintances pulled over 25M shares out of TD accounts and they now rest with Scottrade and etrade.
Hope you are well....we should be back up and running on PS by weeks end.
Posted by ballyman on :
Way to go Lance!! Back those jackholes into the corner!!
Chas/anyone dig up that letter/email. I want to see with my own eyes what this freaking letter says. I can't believe no one has posted it yet after all this time??????????? The mystery phantom letter...does it really exist...will we ever know??
Ball
Posted by LanceJ on :
quote:Originally posted by successinstock: LanceJ....nice to see you here. I chatted with a couple of times on superior.....they didn't like me posting and I told them to take me off their stinking website...which they gladly did.
Some of my friends and their acquaintances pulled over 25M shares out of TD accounts and they now rest with Scottrade and etrade.
Hope you are well....we should be back up and running on PS by weeks end.
Hi Successinstock, good to see you. I'm doing fine thank you. I've been doing some freelance work at TraderFlash.com .
Good for you for getting out of TDAmeritrade, we just can't let that anti-American, anti-freedom stuff stand. Maybe they can get away with something like that with investors in China, but don't try it here in freedom loving America.
The excitement with PLNI is at the greatest level its been in years. Did you see those awesome numbers for Q1 2006! I saw that and said now that's what I've been talkin about!
That was total validation and in the face of the rank amateurs who continually try and talk down this stock.
The only pull down on this stock, the negative aspect if you will, is the outstanding shares. This is a real problem and will continue to drag on this stock.
But once again, the answer to any problem is a fundamental one, does the company have good products, are they selling like hotcakes, will the buying of these products continue in the future. With all of these a resounding yes, we see the outstanding shares in a proper perspective.
The outstanding shares issue should be addressed in the "Share Restructure" phase PLNI should be entering into. The basic idea is that PLNI will buy back many of these outstanding shares and retire them.
I see this taking place further out which is a good thing. PLNI does not need to be launching a massive buyback program with the new money that just started coming in during 2006. I'd much rather see that money go to service and pay down their massive debt. I'd also like to see that money put to work in advertising, and then in R & D and to finish their "Plastic Furniture" molds product line.
Share restructuring, while it directly benefits me as a share holder, is not something I think PLNI should rush out and spend most of their new inflow of money doing.
But that's really it. I was talking with someone recently and he said, well what about the 16+ billion outstanding shares. My response is, right, that's a good negative point, but do you realize something here, that's the only good negative point that exists for PLNI, and it will be addressed at some point per management.
This is really incredible when you think about it. Six months ago we had questions over an audit taking place, we had pinksheets.com removing their web quotation for this security with many forecasting they would be delisted from the pink sheets entirely, we had no financial numbers to work with, and we had rumor that PLNI had lost the BlueLinx contract.
Today is a completely different situation with all things in the process of being resolved except for the outstanding shares, which should be addressed by management over the next year.
So when someone says, well, the outstanding shares thing is just so bad, I say right, I agree. But if you make a list of all the positives, and that one negative, you'd have to be stupid to close your eyes to all the positives and let that one negative prevent you from making a ton of money here. Plus, when you consider the fact that PLNI management has said that they will be addressing that issue at some future point in time by buying back and retiring shares, you'd have to be pretty stupid (or someone who just likes to be negative in life) to let that one temporary negative, keep you out of PLNI.
So I embrace the argument that PLNI's issuing of more and more outstanding shares is bad for long term investors via share dilution. Here's a hanky to blow your nose and a kleenex to whipe your eyes. But remember, it's The One Bad still left and with the company making the kind of money they reported for Q1 2006, it will be taken care of via a share buyback and retirement.
That's my PLNI soap box rant, I'm outta here. Take care.
Posted by LanceJ on :
quote:Originally posted by ballyman: Way to go Lance!! Back those jackholes into the corner!!
Chas/anyone dig up that letter/email. I want to see with my own eyes what this freaking letter says. I can't believe no one has posted it yet after all this time??????????? The mystery phantom letter...does it really exist...will we ever know??
Ball
Hi Ball,
Thanks! Call Rodney at Plasticon's Investor Relations. If he's not too busy, perhaps he'll fax you the copy he has.
Posted by SchwarzBiest on :
For those of you that switched to Scottrade, do they allow you to trade pinks without a broker?? Just wondering because this was in their fine print, so now I'm leaning towards Etrade. It's a shame Ameritrade had to do this, because I actually liked them.
"For stocks priced under $1, add 1/2% of the principal value to the commissions shown. Most foreign and Pink Sheet stocks must be traded with broker assistance. Commissions are charged on a per order basis. Limit orders executed over multiple days and orders modified after a partial execution on the same day will be treated as separate orders for commission calculation purposes.'
Posted by successinstock on :
i use Investrade and Scottrade now. Investrade is where I trade from (cheaper) and Scottrade is my "forever" account....
LanceJ...if you have time and wish to take the bash fest head on, you should check out the boards on SI. They have some semi-pro's who could definitely use a "lanceJ" talking to.
Good luck on your investment with PLNI. I am really excited about the near term with this one....imo.
Posted by Madvillain on :
See everyone at $0.01! Then $0.02, $0.03 etc...
Cheers,
Mad
Posted by successinstock on :
Plenty of time here. I am not going anywhere....
Posted by ballyman on :
Mad- what is up with "Shorts" over at iHub??? He's like that one mosquito that bugs ya in the middle of the night. No...that cricket that chirps right when you doze off, you get up and can't find it cuz it stops chirping. The moment you lay back down it starts up again. LOL!!
Ya know what it doesn't matter, this thing is so well covered. Say whatever or say nothing, buy or don't buy.
I ain't short so bashers babble away, your wasting your time. The positive FAR outweighs any puny, insignificant meaningless negative that can be fabricated. PLNI has endured and overcome WAY more negative in the past than this trivial morsel of dirt.
This thing is gonna rise up so high that the bashers won't know where it went. They will think they bashed it into oblivion, but in reality it went so high up it can't be seen anymore. The best part I'll be right there with it!!!
I'll go ahead and say it now- see ya, cause later I won't have the time or the care, cause I'll be counting dollars in quantities I never counted before. GLTA!!
Ball
Posted by Madvillain on :
quote:Originally posted by ballyman: Mad- what is up with "Shorts" over at iHub??? He's like that one mosquito that bugs ya in the middle of the night. No...that cricket that chirps right when you doze off, you get up and can't find it cuz it stops chirping. The moment you lay back down it starts up again. LOL!!
Ya know what it doesn't matter, this thing is so well covered. Say whatever or say nothing, buy or don't buy.
I ain't short so bashers babble away, your wasting your time. The positive FAR outweighs any puny, insignificant meaningless negative that can be fabricated. PLNI has endured and overcome WAY more negative in the past than this trivial morsel of dirt.
This thing is gonna rise up so high that the bashers won't know where it went. They will think they bashed it into oblivion, but in reality it went so high up it can't be seen anymore. The best part I'll be right there with it!!!
I'll go ahead and say it now- see ya, cause later I won't have the time or the care, cause I'll be counting dollars in quantities I never counted before. GLTA!!
Ball
shorts took a loss in the past with PLNI, so that's why he's bashin' this stock, but I told him to buy in at these current levels, so that he can recover his losses. Hopefully he is able to forgive and forget and jump aboard PLNI for a ride to the moon!
I'll be with ya countin' dollars bro!
Cheers to you,
Mad
Posted by Punisher on :
PLNI gave me a woodie last week, when it hit $0.036 for one brief moment... lets hope this happens, but for more than a momment...
Posted by Madvillain on :
PLNI is makin' a little run into the close, hopefully we close green and we get a PR tomorrow AM. I suggest keeping a very close watch on this gem for June, major annoncements are on the way.
$0.0039, up 2.63% on 11+ Million volume!
Cheers boys,
Mad
Posted by azizalk on :
in at .0037
Posted by ballyman on :
Been reading quite a few of the PLNI threads on several other boards. This stock has got folks in a frenzy, it is hot. There are few stocks out there that have ppl this excited!!
There is a distinct buzz in the air, can you hear it? It is PLNI baby!
Not to mention all of the stock picking sites and stock profile sites out there, PLNI is on the front page of every one of them. Everyone wants this company to EXPLODE LIKE DYNOMITE!!!
Ball
Posted by successinstock on :
Bally....there are several folks under many aliases that try to bring PLNI down by spinning a "do-gooder" role. They try to tell us how bad PLNI is on a constant basis. They don't know squat. They just like to cause static to justify their existence. Their main goal is to provoke longs into their web to distort each sentence, and each word that is said.
I bet they find fault with everything in their lives. I pity them. Ask them how many shares they own.....ask them why they follow PLNI
Good luck...we just need to cross a few more hurdles and we are on our way back up....imo.
Posted by Madvillain on :
LOAD UP ROOKIES! Anyone ever been to the moon?
We're gonna go for a ride to the moon folks, it's only a matter of time now. I expect we will get some news within a couple of weeks and then it's time for take off! It's time to load up on cheap shares, because we won't be at these discount prices for much longer, you can count on that, mark my words.
Watch and learn.
Mad
Posted by Madvillain on :
Looking strong today!
Mad
Posted by ballyman on :
Good open...tried to grab a handful more * .0036...doesn't look like it will fill...not this morning anyhow.
No worries, its doing the right thing by going in the right direction.
Ball
Posted by Madvillain on :
quote:Originally posted by ballyman: Good open...tried to grab a handful more * .0036...doesn't look like it will fill...not this morning anyhow.
No worries, its doing the right thing by going in the right direction.
Ball
Agreed. See you at $0.01 bro!
Mad
Posted by ballyman on :
quote:Originally posted by Madvillain: Agreed. See you at $0.01 bro! Mad
Not agreed. See you at $1.00 bro!
Ball
Posted by Madvillain on :
quote:Originally posted by ballyman:
quote:Originally posted by Madvillain: Agreed. See you at $0.01 bro! Mad
Not agreed. See you at $1.00 bro!
Ball
Sounds good to me man As a matter of fact, many people believe PLNI can hit $1.00 in time, which would be amazing.
Mad
Posted by ballyman on :
There is still quite a bit of talk still over TDA.
It seems that some cannot get it through their thick skulls that yes in fact TDA can liquidate at will.
I would almost gaurantee that any online broker could do the same if so desired.
Here is E*TRADE's disclosure statement under section (p):
I understand that E*TRADE Securities, to the extent permitted by law, may anytime and without giving me prior notice, use, liquidate and/or transfer any or all Securities and/or Other Property to satisfy any indebtedness or obligation to E*TRADE Securities, however such obligation may have arisen. In the event of a breach or default by me under this Agreement, E*TRADE Securities will have the rights and remedies available to a secured creditor under all applicable laws in addition to the rights and remedies provided in this Agreement.
Just a classic example of ppl talking and yakking away without taking the time to read the fine print.
Deceiving, conniving, manipulating perceptions into believing that PLNI is the culprit.
Remember the basics, Its the little guy that gets screwed.
Big money steps on little money. Tries to sqaush them like a bug.
PLNI is not in a position to fabricate that the powerhouse TDA is out to get them, if in fact they are not. The fact is they are or were and PLNI called them out. You gotta give them credit for that, talk about BALLZ!!!!They got some biguns!!
What it boils down to is ppl not being able to handle the truth. Ppl with the inability to read or disseminate information. Ppl that are naive and are inherently, repetively, perpetually wrong.
Emblazened with bitterness to the point were all must fall with them. Taking any gullible fool who will lend them their ear.
Makes me want to LMFAO!!
Ball
Posted by TickTrader on :
gosh, Ball, strong posts!
All brokers have some type of disclosure like that. But it's double-speak, too.
...to the extent allowed by law... ...satisfy any indebtedness or obligation to E*TRADE Securities, however such obligation may have arisen...
Wonder if they've ever tried telling a judge... "We messed up, so our client has to pay."
Not saying they wouldn't try that, not saying they wouldn't get away with it, but it's just as important to know our rights, too. And, as you well know, just as important to weed out the double-speak at every turn.
$1.00??? Think bigger, guys. preface that with - IMO - nothing humble about it.
Posted by ballyman on :
quote:Originally posted by TickTrader: gosh, Ball, strong posts!
Tick buddy ol pal, not at all directed at my good friends here.
I failed to mention that I wasn't targeting this thread. The heated discussions are taking place on other boards over this TDA "fiasco".
I also failed to mention that "no, TDA absolutely should not do this or should not have already done this" in no way am I defending or in approval of TDAs decisions.
My feable attempt was to point out that if TDA so chose to do so, they could, based upon TDAs own disclosure.
The negative campaign is broadcasting that TDA has no power/ability to liquidate and that PLNI was in the business of making false accusations. My objective was to point out that the opposite is true.
Alright no more on this from me...yea!!! (everyone cheers estatically)!!!
Ball
Posted by Madvillain on :
Folks,
Get in before the news is released!
Mad
Posted by Madvillain on :
Good volume today! It seems like we will get a PR by Friday due to the activity today, great time to get in here boys.
Volume: 17+ Million Price: $0.004 (up 11.11%)
We should continue the strong activity tomorrow.
Mad
Posted by Bearclaw on :
Ball... Always remember folks paid TDA a "Fee". That makes them obligated to represent clients welfare...
Like at a parking garage when they say "not responsible for stolen items" ...That's bull sheet...they just put that up so you won't litigate them...There's a huge dynamic to anyone accepting a fee to look after our property...
Tick Traders right IMO..."here come the judge"
Posted by Madvillain on :
Volume really pickin' up here boys, news is on the way.
21+ Million volume!
Buy or cry.
Mad
Posted by Madvillain on :
Best Bid: 0.004 Best Ask: 0.0042
Posted by Madvillain on :
Strong close. All we need now is a PR!
Mad
Posted by azizalk on :
very nice CLOSE.....
Posted by TickTrader on :
lol...
Ball!
Strong posts! = well said, made me want to stiffen my back, stand up and salute the flag... but I should have worded it differently. Good posts, anyway.
This finger-pointing, blame-throwing period is a part of the process, too. I'm kinda glad plni isn't slamming out PRs right now. That would make it worse. Or can it get worse (on the other boards)?
Once more, enjoyed reading your posts. (put happy face here.)
Posted by ballyman on :
Posted by DQ. on :
I'm loaded up with 1,750,000 shares this time. I'm waiting for the rise. All should get them while you can for the time is near. IMO! Can you say "choo choo"
Posted by Madvillain on :
Best Bid: 0.004 Best Ask: 0.0044
Lookin' good for tomorrow, a PR is coming!
Mad
Posted by SchwarzBiest on :
quote:Originally posted by ballyman: There is still quite a bit of talk still over TDA.
It seems that some cannot get it through their thick skulls that yes in fact TDA can liquidate at will.
I would almost gaurantee that any online broker could do the same if so desired.
Here is E*TRADE's disclosure statement under section (p):
I understand that E*TRADE Securities, to the extent permitted by law, may anytime and without giving me prior notice, use, liquidate and/or transfer any or all Securities and/or Other Property to satisfy any indebtedness or obligation to E*TRADE Securities, however such obligation may have arisen. In the event of a breach or default by me under this Agreement, E*TRADE Securities will have the rights and remedies available to a secured creditor under all applicable laws in addition to the rights and remedies provided in this Agreement.
Just a classic example of ppl talking and yakking away without taking the time to read the fine print.
Deceiving, conniving, manipulating perceptions into believing that PLNI is the culprit.
Remember the basics, Its the little guy that gets screwed.
Big money steps on little money. Tries to sqaush them like a bug.
PLNI is not in a position to fabricate that the powerhouse TDA is out to get them, if in fact they are not. The fact is they are or were and PLNI called them out. You gotta give them credit for that, talk about BALLZ!!!!They got some biguns!!
What it boils down to is ppl not being able to handle the truth. Ppl with the inability to read or disseminate information. Ppl that are naive and are inherently, repetively, perpetually wrong.
Emblazened with bitterness to the point were all must fall with them. Taking any gullible fool who will lend them their ear.
Makes me want to LMFAO!!
Ball
You mentioned TDA (TD Ameritrade), but quoted E*Trade, or do they all have that in fine print? Is there reason for me to get my shares out of TDA asap, for fear of this? I tried switching to Choicetrade, but they wont do my state. Scottrade has sneaky fees for stocks under $1...decisions decisions.
Posted by TickTrader on :
SB, no, you don't have to move away from TDA. But I did try to buy plni today, and TDA does still have the buy side blocked. You can sell, just not buy. TDA has the same type of disclosure, I think they all do.
Posted by ballyman on :
"You mentioned TDA (TD Ameritrade), but quoted E*Trade, or do they all have that in fine print?"
Yes...I quoted E*TRADE to point out that even E*TRADE has their verbage. TDA and ST have very similar verbage which has been posted here and there and other boards. I have no reason to doubt that they all do.
"Is there reason for me to get my shares out of TDA asap, for fear of this? I tried switching to Choicetrade, but they wont do my state. Scottrade has sneaky fees for stocks under $1...decisions decisions."
I shall not give you advice ...but from the data that I have seen it is "supposedly" only those who received the "illusive" letter from TDA directly either in the mail or email or both.
Yet another however...if in fact you have been threatened with liquidation...as you can see by reading Tick's and Bearclaw's comments you still have your rights as a paying customer to defend your position.
Ball
Posted by ed19363 on :
Okay, so who has the BEST policy regarding pink trades, when price and availability are considered??
Posted by bobby7756 on :
try lowtrades.com
Posted by ballyman on :
My experience with E*TRADE...a trade is a trade, pink, otc, AMEX, doesn't matter.
I have not experienced restrictions, fees, problems, etc. trading any of the above. Just $9.99 commish/trade. IMO.
Ball
Posted by Madvillain on :
E*TRADE is the best.
Mad
Posted by Madvillain on :
Go PLNI!
Mad
Posted by Madvillain on :
I expect PLNI will continue to run today in anticipation to the completed '05 and first quarter '06 audited financial statements. Share buy back and OTC:BB uplist will follow, including a exclusive Green Baron webcast interview with Plasticon.
Mad
Posted by Madvillain on :
What's everyone waitin' for?? LOAD UP!! PLNI is the only stock you need to be buying right now.
Mad
Posted by Madvillain on :
Moving strong!
Best Bid: 0.0043 Best Ask: 0.0044
Mad
Posted by Black0r on :
Is something up? News somewhere?
Posted by TRM on :
I can't wait for that surprise r/s
Posted by Madvillain on :
quote:Originally posted by Black0r: Is something up? News somewhere?
Completed '05 and profitable first quarter '06 audited financial statements are on the way. Share buy back and OTC:BB uplist will follow, including an exclusive Green Baron webcast interview with Plasticon.
Mad
Posted by Black0r on :
Sure, I know, I'm already in. But I wondered about the rush. From .0036 to .0045 in no time together with nice volume. Maybe something will come today?
Posted by Madvillain on :
PLNI lookin' strong boys, considering the ugly market and all the drama with TDA. Major annoucements are on the way IMO!
Mad
Posted by TRM on :
These guys need a new carrot, the one they been dangeling in front of us for the last two yrs, has turned browned, i wouldn't buy this stock with your money
Posted by Madvillain on :
quote:Originally posted by TRM: These guys need a new carrot, the one they been dangeling in front of us for the last two yrs, has turned browned, i wouldn't buy this stock with your money
Your a fu*kin' idiot then and you will soon find out just how much of an idiot you are if you don't buy this stock.
Mad
Posted by BooDog on :
it's a mad mad mad mad world. lmao you pumpin mad? let ppl do their own thing. The DD is there for all to see.
Posted by TRM on :
i would buy this stock but i don't have two life times to wait for the real news to be released, these guys are masters of let downs. but hey i hope i am wrong. but i think i would be more of an idiot to trust any thing these guys say after all their mis information in the past
Posted by Madvillain on :
I expect a strong close today anticipating news.
Great volume today, 45+ Million in only one hour of trading!
Mad
[ June 08, 2006, 10:41: Message edited by: Madvillain ]
Posted by Madvillain on :
quote:Originally posted by TRM: i would buy this stock but i don't have two life times to wait for the real news to be released, these guys are masters of let downs. but hey i hope i am wrong. but i think i would be more of an idiot to trust any thing these guys say after all their mis information in the past
I can understand your lack of confidence in Plasticon, believe me, but '06 is the break out year and the puzzle looks to be coming together now, slowly, but surely.
Mad
Posted by Madvillain on :
quote:Originally posted by BooDog: it's a mad mad mad mad world. lmao you pumpin mad? let ppl do their own thing. The DD is there for all to see.
I wish I had the wealth and my own show to pump stocks like Jim Cramer, but unfortunately I'm not so lucky. No pumpin' here bro!
Mad
Posted by BooDog on :
I am not in this because of the 1.4 bil plus outstanding shares, or the lack of timely filing. If you read annual report you can see the plans in the works. A sound product. Inside dillution should slow down and they should start turning. This is a long shot with potential. But as a long term, another 2 years? it's worth a pinch, not the kitchen sink. We'll see more if they get more up to date filings.
Posted by Madvillain on :
quote:Originally posted by BooDog: I am not in this because of the 1.4 bil plus outstanding shares, or the lack of timely filing. If you read annual report you can see the plans in the works. A sound product. Inside dillution should slow down and they should start turning. This is a long shot with potential. But as a long term, another 2 years? it's worth a pinch, not the kitchen sink. We'll see more if they get more up to date filings.
'05 and first quarter '06 audited financial statements should be out in the very near future. Many investors, like myself, are waiting patiently for the announcements.
Mad
Posted by Madvillain on :
From another board...
Volume alert near 45 millon in the first hour !!! large block buying ........... UBSS holding PLNI down ....... soon a POP
Posted by ballyman on :
Acquisitions, transitions, revamping, marketing quality control, take time for a large corporation with an adequate management team.
PLNI is very small, little management. PLNI bit off more than they could chew 04-05, they made too many promises, good intentions, high hopes, goals, dreams...but too much to promise to ppl who want to get rich over night.
Had they said "We are going to focus on these acquistions for the near term, focus on our QC, focus on our product for the next year, then..." Hindsight is 20/20.
If you put it into perspective what they have accomplished it is quite remarkable IMO.
Yes the pieces are now starting to come together, they are now focusing on those promises. They have done everything else that they said they would do, the acquisitions.
Think about it what is harder an acquisition or getting out audits? They already did the hard part.
The audits will come, the buyback will come, the move up to otc:bb will come, the moon will come....
You can play with other pennies, make $100 here or there, $1000 here or there, it'll add up over time, a year maybe two. If you are lucky you'll make $100K-200K. In the same amount of time you spent goofing off, PLNI will make the longs very rich. Spend your time wisely. It will go by fast and the reward will be phenomenal. IMO.
Ball
Posted by DQ. on :
Yes , something is up. News must be coming. Go PLNI!!!
Posted by Madvillain on :
quote:Originally posted by ballyman: Acquisitions, transitions, revamping, marketing quality control, take time for a large corporation with an adequate management team.
PLNI is very small, little management. PLNI bit off more than they could chew 04-05, they made too many promises, good intentions, high hopes, goals, dreams...but too much to promise to ppl who want to get rich over night.
Had they said "We are going to focus on these acquistions for the near term, focus on our QC, focus on our product for the next year, then..." Hindsight is 20/20.
If you put it into perspective what they have accomplished it is quite remarkable IMO.
Yes the pieces are now starting to come together, they are now focusing on those promises. They have done everything else that they said they would do, the acquisitions.
Think about it what is harder an acquisition or getting out audits? They already did the hard part.
The audits will come, the buyback will come, the move up to otc:bb will come, the moon will come....
You can play with other pennies, make $100 here or there, $1000 here or there, it'll add up over time, a year maybe two. If you are lucky you'll make $100K-200K. In the same amount of time you spent goofing off, PLNI will make the longs very rich. Spend your time wisely. It will go by fast and the reward will be phenomenal. IMO.
Ball
Excellant post!
Posted by ballyman on :
Thanks!
Ball
Posted by sportsguy on :
.042 LOL
Posted by ballyman on :
I'll take my 900%!!! LOL
Posted by Madvillain on :
Buy on the dips!
Mad
Posted by Madvillain on :
Just an MM head fake boys. We should close strong, anticipating major announcments.
Is it just my puter or can anyone see the WICKLUND HOLDING CO Financials report. The #'s aren't showing up on my screen.
Posted by BooDog on :
lmao just had to slide to the right
Posted by Madvillain on :
We should see a run into the close, anticipating news on Monday AM.
Discount price: $0.0036 = Perfect time to get in here if your not already or add more!
Mad
Posted by Madvillain on :
Around this time last year, the stock ran from $0.0025 to $0.02! I'm lookin' for a similar run, considering major announcements are on the way as far as I understood in a recent PR.
Another fact people need to seriously take into consideration is, the unaudited first quarter '06 financial statement shows Plasticon is profitable for the first time, correct? I wonder if this has anything to do with ProMold and SEMCO? Of course it does! If Plasticon can keep increasing revenues year over year, which is quite possible, then sky is the limit!
The company has a strategy in place IMO. This year is supposed to be the breakout year, the year for dramatic growth. The company acquired ProMold and SEMCO, which are excellent acquisitions. ProMold and SEMCO position Plasticon for major growth, believe it or not.
In addition, Plasticon has a share buy back in place, which will be executed in the very near future. As well, the company is submitting the necessary filings to move the company to the OTC:BB, then eventually to the AMEX, which will be a milestone, a key point for the success of Plasticon. A move to the OTC:BB would be excellent, considering pinksheets seems to be di*king Plasticon around in regards to removing PLNI quotes. As far as I'm concerned, Plasticon has filed the appropriate reports to regain quotation.
Keep your heads up and be patient, it may take a little more time than expected, but $0.01, $0.02 etc. is coming, you can count on it.
Mad
[ June 09, 2006, 15:04: Message edited by: Madvillain ]
Posted by ballyman on :
I can wait...I'm young...patient...I ain't going no where.
Can't rush a good thing. That's when mistakes occur, the details get overlooked. A beautiful thing takes a little extra time.
PLNI is a diamond in the rough, but the glimmer is beginning to shine through. The character is beginning to take shape.
Before you know it...next thing you know...you'll wake up one morning...you will be forever transformed...you will never again be the person you were just yesterday.
Ball
Posted by ballyman on :
My handfull finally went through at $0.0036. Money I would have spent on bubble gum.
Ball
Posted by DQ. on :
Get them while you can. Will be at .02 or .03 by August. Piece of cake!!
Posted by Madvillain on :
Portion of PR from Plasticon released on May 8, 2006:
"We have commissioned a leading Market Maker to submit the necessary filings with the SEC and NASD to move the Company up to the NASDAQ Bulletin Board," said Jim Turek, President and CEO of Plasticon International, Inc. "It is our goal to move the Company to the NASDAQ Bulletin Board as quickly as possible. Once we have completed the move to the OTC:BB, we will then focus on bringing the Company to the American Stock Exchange."
Mr. Turek added, "This is a very exciting time for Plasticon International, Inc. This is truly a milestone for the Company. By completing its audits, Plasticon is moving forward and getting closer to its goal of moving to higher markets. In the coming days and weeks, the Company will be making additional financial information available to its shareholders and the public, which will include un-audited financial statements for the first quarter of 2006. These numbers will clearly show a dramatic turnaround in the sales and earnings of the Company and demonstrate unmistakably that the Company has turned the corner has now begun the initial stages of its growth years. Upon making the first quarter of 2006 financial statements available to our shareholders and the pubic, we fully anticipate being re-quoted on www.pinksheets.com."
Mr. Turek also noted, "There are many significant developments regarding sales that the Company will be discussing with its shareholders and the public in the coming days and weeks. Additionally, we will be implementing the buy back program and addressing the share structure of Plasticon International, Inc. Once again, the Company wishes to be clear that there are no plans for a reverse split now or in the future. The Company fully intends to address the restructuring of Plasticon's issued and outstanding shares through the buy back program, and we fully intend to commence the buyback in the very near term."
I just thought I would post this in case folks forgot. We are all gonna be rewarded for our patience, these are exciting times for Plasticon.
Mad
Posted by Madvillain on :
PLNI on alert for this week!
Mad
Posted by Bearclaw on :
quote:Originally posted by Madvillain: PLNI on alert for this week!
Mad
On alert where? Please post anything you may have or provide the link if possible...Thanks
Posted by Madvillain on :
quote:Originally posted by Bearclaw:
quote:Originally posted by Madvillain: PLNI on alert for this week!
Mad
On alert where? Please post anything you may have or provide the link if possible...Thanks
My alert.
Thanks,
Mad
Posted by TRM on :
one thing you have to understand about plni, is that when they say they are going to do a share buy back, what they really mean is , is that they are going to delute the stock some more, in the past this is what they do, they do exactly the oppisite of what they say, so i am looking for a r/s or more deluting. The only reason they look like they are doing good now, is because they bought promold and that other co. which turned share holders in to bag holders. don't know about you but i have learned that after i have been lied to once or twice by someone, i am pretty sure they won't stop there. just thinking out loud , lol
Posted by Madvillain on :
quote:Originally posted by TRM: one thing you have to understand about plni, is that when they say they are going to do a share buy back, what they really mean is , is that they are going to delute the stock some more, in the past this is what they do, they do exactly the oppisite of what they say, so i am looking for a r/s or more deluting. The only reason they look like they are doing good now, is because they bought promold and that other co. which turned share holders in to bag holders. don't know about you but i have learned that after i have been lied to once or twice by someone, i am pretty sure they won't stop there. just thinking out loud , lol
We will see in due time.
Mad
Posted by Madvillain on :
It seems the bashers are coming out, that means it's time to load up!
Mad
Posted by Madvillain on :
PLNI is a potential 1000% gainer IMO, be patient.
Mad
Posted by TRM on :
I don't bash just to bash, they deserve it, and should be given some kind of penalty along with the rest of these co. that give out false information, to separate investors from their money.
Posted by Madvillain on :
Everyone knows Plasticon has made some mistakes in the past, but this is supposed to be the breakout year and it looks like the puzzle is finally coming together. In addition, investors seem to be very optimistic about PLNI, including myself. It's only a matter of time now.
Cheers,
Mad
Posted by TRM on :
it probably is time for plni to have a turn around,its managements ability to undermine the stock price after a run up that concerns me. i have a small position but will not hold for long
Posted by Madvillain on :
quote:Originally posted by TRM: it probably is time for plni to have a turn around,its managements ability to undermine the stock price after a run up that concerns me. i have a small position but will not hold for long
TRM,
I understand what your sayin' bro, no worries.
Good luck to you,
Mad
Posted by azizalk on :
looking forward ....................... Go PLNI
Posted by LanceJ on :
quote:Originally posted by TRM: I don't bash just to bash, they deserve it, and should be given some kind of penalty along with the rest of these co. that give out false information, to separate investors from their money.
The penalty has already been dealt PLNI by the market makers and investors.
When PLNI traded for about $0.015, there was 3 billion shares outstanding. When PLNI increased the outstanding shares double, to about 6 billion, the market makers and investors took the stock down in half, and rightfully so, the stock held steady at about $0.006 - $0.007 for a few months.
In April 2006, PLNI increased the outstanding shares double again to 13.5 billion, the market makers and investors took the stock down by half again to $0.003 - $0.004.
Each time PLNI has increased the outstanding shares by double, the stock has fallen in half, as it should.
One legitimate reason this could be happening, and this is just speculation and is probably not the case, but one reason is that "head hunter" companies like Third Point come in and start buying up shares in companies where there is lots of investor dis-satisfaction but that have good future potential. The idea is that once they acquire a certain percentage of the outstanding shares (many times it's 51%), they then mandate their own agenda, such as election to the company board, filings in a timely manner, and sometimes, they force proxy votes by shareholders to overthrow some of the management.
In order to fight off this "hostile takeover", a company can increase their outstanding shares by double, thereby forcing such a "head hunter" company's existing shares to fall below the required amount for a hostile takeover. Unfortunately it not only decreases the head hunter's percentage of outstanding shares under what the Articles of Incorporation state as a controlling amount, but it decreases everyone elses shares a long with it.
If this is the case with PLNI, then it's a good move because I like management and think they've done a good job, not great, but good job in bringing the company to where it is at today, and such a hostile takeover at this particular time in PLNI's growth cycle would be bad for shareholders.
Another reason could be that PLNI wants to continue to expand, and use share issuance as a means of payment. Remember, if you can convince a bank or company in the viability of your company and the future vision, those outstanding shares are as good as cash/gold. Some even prefer share issuances to cash for tax reporting purposes and future growth potential.
Again, I'm not saying either of these scenarios are the case. We just don't know the reasons yet for this continued share dilution by PLNI. And keep in mind, when they dilute all our shares with increases in the number of outstanding shares, they are also diluting the shares they hold, the insiders hold, as well.
I don't like the constant increases in outstanding shares anymore than my buddies here in this forum who are shareholders. But remember, this is THE ONLY negative PLNI has at the moment. Is it defendable? Perhaps not. Have I gone outside on more than one occasion for a smoke and cursed PLNI under my breath, you bet. Most of us long term shareholders have.
But put in proper perspective with all the positives PLNI has going for it, and everyone who is supporting PLNI is absolutely correct. At one point, PLNI had half a dozen negatives such as no financial numbers being released, no audit, no news on whether an uplisting was going to occur, rumor of another share split, etc... Over the last year, each negative has been eliminated. The only negative remaining is the outstanding shares.
Now does management want to address this issue? You bet. They eventually want to be listed on the AMEX. Because of the share price and the number of outstanding shares, the AMEX board would tell PLNI no, you do not meet the minimum requirements for a listing on our exchange. In fact, in their current state, no major exchange in the world will list PLNI. In otherwords, the thing standing between PLNI's insiders making big money by their shares increasing in value, is the same thing standing in our way as investors, the number of outstanding shares.
In otherwords, PLNI wants their shares to increase in value just like we do. Therefore, they plan to address this issue via the mechanism of a share buyback and retirement.
The thing that will enable them to start the share buyback program is the money to buy the shares back. Without any money, it's not going to happen. With Q1 2006 numbers, we see the money is only now starting to roll in, and roll in, in massive amounts.
Their balance sheet shows an increase in accounts receivable of 800% using only the first quarter of 2006 compared to all of 2005! Do you realize how awesome that is?
Total revenues for Q1 2005 was $82,370. Do you know what total revenues were for Q1 2006? If you don't, you should. Q1 2006 revenues were $1.8 million! An increase of 2,222%!!!
Now I ask you again, will the company be able to iniate a share buyback and retirement program as soon as they pay down some debt from the Semco and Promold acquisitions? You bet! In otherwords money makes the world go around. Money makes everything possible and fixes all financial problems, and outstanding shares problems, and debt problems, and hiring a top notch auditing firm to complete the audit, and hiring lawyers to certify to the tradeability of their stock, etc...
So just relax. Just keep your fingers crossed that nothing goes wrong with plant equipment at ProMold, that nothing goes wrong with the BlueLinx contract, or the quality of plastic re-bar supports they are producing. As long as things continue at PLNI like they have in Q1 2006, the only problem remaining which is the number of outstanding shares, will be taken care of with the incredible amount of money pouring into PLNI's bank account.
Remember, this is a long term hold, set it and forget it. Get excited about it, have to talk about it with other like minded investors? Great. But don't forget, long term investment here with an exit price of $1.00 or greater within the next 5 years.
And don't sweat the weird people who can't read financial statements, who like to bash stocks that others like for attention. So what. You'll be laughing all the way to the bank in a couple of years when PLNI stock blasts off as management executes on their business vision as they are right now. Don't try and convince people to buy it. Why do them a favor? These same weird people who bash the stock and call long term investors in PLNI stupid and other names, why would you want to help someone who insults you become a millionaire? Forget them. Trust me, when you become wealthy from PLNI and they are still poor and miserable, bashing other stocks in a few years and completely forgetting about their bashing PLNI, you'll have the satisfaction of knowing you made it through the rain. Think about these lyrics: I made it through the rain, I kept my world protected, I made it through the rain, I kept my point of view, I made it through the rain, And got myself respected, By the others who got rained on to, And made it through.
Posted by Madvillain on :
Great post Lance.
Cheers bro,
Mad
Posted by ballyman on :
Thanks for the lengthly post Lance. Great insight into the possible hypothetical variables for the reasoning of dilution. We may never know the real reason, but goes to show strategy could be a reason. Hopefully the dilution in this case is strategic.
Tick...what the??? Is all that about??? I presume that is intended for someone who knows exactly what it all means?? Just wondering, I'm a curious cat.
Ball
Posted by ballyman on :
Me gash, I swears there was a post there by Tick. HMMMM??? Now my wheels are really spinnin. My curiosity's gonna kill me.
Ball
Posted by BuyTex on :
quote:Originally posted by ballyman: Me gash, I swears there was a post there by Tick. HMMMM??? Now my wheels are really spinnin. My curiosity's gonna kill me.
The trick is to load up before we rocket to the moon fellas!
'05/first quarter '06 audited financial statements should be out any day now.
Mad
Posted by Madvillain on :
It's time to load up at these discount prices, major rally coming!
Mad
Posted by ballyman on :
My wad went through!!!
Ball
Posted by Madvillain on :
Load up boys!
Mad
Posted by Doctoall on :
quote:Originally posted by Madvillain: Load up boys!
Mad
Did just that yesterday Posted by azizalk on :
we need 2Q Fast.....
Posted by Madvillain on :
PLNI won't be at these discount prices for much longer. Load up on super cheap shares before the rally!
Mad
Posted by Madvillain on :
Watch this come right back up into the $0.003's, volume is relatively low at the moment, but people are gonna recognize these discount prices and load up.
PLNI is officially on sale folks, load up before the massive rally!
Mad
Posted by will on :
Pump! Pump! Pump!
Might be a deal at .0015, then that's doubtful.
Posted by Madvillain on :
quote:Originally posted by will: Pump! Pump! Pump!
Might be a deal at .0015, then that's doubtful.
$0.0015? In your dreams dude.
Cheers.
Posted by Madvillain on :
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.
$0.01 coming boys!
Mad
Posted by DQ. on :
I'm loaded and still waiting. Lets get moving already!!
Posted by Madvillain on :
PLNI is on sale folks, load up!
We won't be at these discount prices for much longer, up we go.
Mad
Posted by Madvillain on :
From Green Baron:
Special Update
Plasticon Intl. (PK: PLNI)
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. Plasticon’s 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.
Posted by Madvillain on :
Sounds good to me.
Mad
Posted by azizalk on :
GO PLNI
Posted by Madvillain on :
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.
Patience will be rewarded!
Mad
Posted by Madvillain on :
Big blocks went through in the last hour of trading today, good sign!
Mad
Posted by successinstock on :
here are the time and sales....some very big blocks sold/bought today.
Major discount goin' on here, all cheap shares must go, $0.01 coming!
"So hurry up and get a scoop before it's gone" ~ Black Sheep
Mad
Posted by TRM on :
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.
Posted by Madvillain on :
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.
Posted by Madvillain on :
Volume comin' in now boys, let's rock-n-roll!
Get your sale priced shares now, before it's to late.
Mad
Posted by Madvillain on :
PLNI is running, LOAD UP!
Mad
Posted by Madvillain on :
FINANCIAL REPORTS
Issuer Information Statement 04/01/2006 Jun 16 2006 ET
Mad, do you get lonely here all by yourself? Posted by casper on :
Madvillain,Gets payed by the post.
Posted by ballyman on :
Someone is buying up sh*t loads of plastic!!!
Ball
Posted by Madvillain on :
Nice to see you guys.
The puzzle is finally coming together, PLNI quotes should be back up on Pink Sheets next week. In addition, news should hit the wire next week as well.
Solid close today at $0.003, up 7.14% with 21,782,474 volume, next week will be very interesting!
Cheers boys,
Mad
Posted by ed19363 on :
quote:Originally posted by ballyman: Someone is buying up sh*t loads of plastic!!!
Ball
Maybe I better start saving all these Pepsi bottles.
Posted by Madvillain on :
Plasticon International Inc. is going to blow all of our minds very soon. Do not sleep on PLNI, this is a potential 1000% gainer. Just watch this gem of a stock.
Buy or cry.
Mad
Posted by ed19363 on :
Relax... It will take months if not years for this puppy to go anywhere. If you think you're gonna be rich in a month, let me give you free advice. Dont quit your job yet.
Posted by GVMOORE on :
Loaded since .0080. It's going to happen one of these days. GLTA
Posted by LanceJ on :
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.
Mad
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.
Posted by T e x on :
You're a Market Maker?
Posted by monk on :
Excellent breakdown, Lance.
Thanks for taking the time to explain this.
Posted by will on :
Tex Wrote: "You're a Market Maker?"
...........but I did sleep at a Holiday Inn Express last night !
Posted by ballyman on :
Lance...I agree 100%...as always your inside look/perspective is more than appreciated.
Ball
Posted by T e x on :
So, you guys believe he's an MM?
Posted by Relentless on :
quote:Originally posted by GVMOORE: Loaded since .0080. It's going to happen one of these days. GLTA
lol.. it already happened..
Posted by imakmony2005 on :
Rentless just dont know, PLNI WILL FLY!IMO
Posted by Relentless on :
LOL.. they've been yelling about PLNI about to fly for a couple years now.. it already flew.. it's over
Posted by Madvillain on :
quote:Originally posted by Relentless: LOL.. they've been yelling about PLNI about to fly for a couple years now.. it already flew.. it's over
Trust me, it ain't over.
Mad
Posted by Relentless on :
trust me... it's over
Posted by Madvillain on :
quote:Originally posted by Relentless: trust me... it's over
It's over for you maybe, but it ain't over for us shareholders. This week Pink Sheets will put PLNI quotes back up.
Cheers dick.
Mad
Posted by Relentless on :
and that monumental action alone will make this stock run?
Posted by Madvillain on :
quote:Originally posted by Relentless: and that monumental action alone will make this stock run?
Not only that, but it's crucial.
Mad
Posted by Relentless on :
so what will make PLNI run?
Posted by Madvillain on :
quote:Originally posted by Relentless: so what will make PLNI run?
You will have to research the stock on your own to figure that out, I've done enough of my own research and I'm not about to post my homework on here for you. It's obvious your NOT optimistic about Plasticon, so move on. If you don't like the stock, don't trade it.
Mad
Posted by Relentless on :
Just odd that I've seen for a couple years now how PLNI was about to run.. sky high... and I'll be darned it's still very much sub penny.. But I guess being quoted on pinksheets.com will really bring in the big money investors...
Posted by Relentless on :
Posted by imakmony2005 on :
THANKS YOUR OWN CHART SHOWS ITS READY.LMAO RENTLESS.
Posted by Relentless on :
maybe for a quick play, monkey.. not a long hold.. and I still not sure I like the RSI being so high even if it is turned up a bit..
Posted by imakmony2005 on :
NONE OF THESE ARE LONG HOLDS.IMO
Posted by Relentless on :
not for you but for many here they are.. I'm well aware of your trading style.
Posted by Madvillain on :
I'm not tryin' to give anyone a hard time on here, I'm just very optimistic. Plasticon has great products IMO and the puzzle is now starting to come together.
Good luck to everyone trading PLNI, patience will be rewarded.
Mad
Posted by imakmony2005 on :
Yes it will Madvillain.
Posted by clbgroove on :
well he77 I guess I will add my 2 cents!!! Relent, I see u signed up this month, maybe you do or maybe u dont know the history of this stock. IMO you dont or first of all you wouldnt be trying to chart this one because the chart is only as good as the news at hand. They have learned a great deal over the past 48 mos about MM's and how the game is played and manipulated and I strongly believe that they know what they are doing and at this point have a game plan in mind!! I am basing that as opinion only, based on conversations with both Turek and Bill Howe early last year. So u are either on board or your not.Period!!!
Posted by Relentless on :
groove.. this is not my first visit to this board.. I have recently returned.. I am quite aware of PLNI as I am well aware of many posters who now frequent this and other threads.. But I thank you kindly for your help.
Posted by Madvillain on :
Excellent buying opportunity, we should make a little move North today. Major news due out anyday now.
Cheers boys,
Mad
Posted by Doctoall on :
quote:Originally posted by Madvillain: Excellent buying opportunity, we should make a little move North today. Major news due out anyday now.
Cheers boys,
Mad
I am about as far north as I am going to move, in N Cali here Wake me up when the pps gets to 0.0045
Posted by Madvillain on :
quote:Originally posted by Doctoall:
quote:Originally posted by Madvillain: Excellent buying opportunity, we should make a little move North today. Major news due out anyday now.
Cheers boys,
Mad
I am about as far north as I am going to move, in N Cali here Wake me up when the pps gets to 0.0045
LOL... even more North for me, British Columbia here. I'll wake ya up, no worries.
Cheers bud,
Mad
Posted by $Keith$ on :
I wish the old threads from a couple of years ago were still up here when there was a team of strong PLNI (Bagholders) I mean shareholders, they would preach every day about holding this stock and that it would be big one day and we are going to being trading on the OTCBB and blah blah...Jim Turek is on his yacht with everyone's money...one thing I have noticed with all of Mr. Lee's company's is they throw out a big PR campaign for a year or so talking about day to day things like different Plastic molds they are making and patents they are working on, when was the last PR telling you about what PLNI is doing...working on any new business ventures anything...6-8 months of good news then nothing for a year but PR's on finacials...If I recall correctly isn't a connection with PLNI and Robert E. Lee(CEO of EPYH??)seem like his pockets get low so he put's out some BS pr's to payoff that new mansion by the ocean...just a little soemthing I have noticed in researching this comapany...and yes I to was a true believer in PLNI and held quite a few shares!
Posted by subbywrx on :
I was a strong supporter of PLNI. Took my earnings and ran a long time ago though.
We need to get UNQT started again though now!
Posted by T e x on :
OT:
Sub, IVHG up 10% today...
Posted by Murnak on :
updated Issuer Information Statement 06/16/2006 Jun 21 2006 ET
Point of view from RB! post 63136....... Nothing was missed, but you should understand that we have most of this incorporated in our decision to invest in this pinky. The projections we have since February this year plan for 4-5 TOYO's by year end and 100% growth next year. Also on point is that most of the income for the first quarter is from existing Pro Mold business, a little from SEMCO (very little) and some from rebar supports. The 2nd Quarter will have more contribution from rebar and the 3rd quarter should reflect 75% coming from rebar. That is our estimation and nothing has changed. We do not feel that PLASTICMAN is a crook, we wish him and the collective us great success.
Posted by imakmony2005 on :
Wake me up when the pps gets to 0.0045 you got it DOC. Hope all is well.
Posted by imakmony2005 on :
hmm
Posted by will on :
52 week low, 0.0016 on 8/01/05.
Posted by Doctoall on :
Small pre-market buys Posted by LanceJ on :
$Keith$, you interpret the lack of PRs as: "6-8 months of good news then nothing for a year but PR's on finacials...If I recall correctly isn't a connection with PLNI and Robert E. Lee(CEO of EPYH??)seem like his pockets get low so he put's out some BS pr's to payoff that new mansion by the ocean...just a little soemthing I have noticed in researching this comapany...". What the hell sort of research is that? Quiz time. Anyone with a brain, when did Plasticon stop releasing non-financial PRs? What is the most likely reason they stopped releasing these PRs? Hint: "Pink Sheets believes adequate current information must be publicly available during any period that the issuer or affiliates of the issuer are directly or indirectly engaged in promotional activities having the effect of encouraging trading of the issuer's securities in the OTC market. Pink Sheets has observed that such promotional activities are occurring for this security, but that adequate current information may not be available."
You got it. They were releasing positive PRs up until about January 31, 2006, when pinksheets.com removed the quote over their website and replaced it with the above text. PLNI is taking the prudent action of not releasing further positive PRs until they finish providing "adequate current [financial] information" which is the prudent thing to do in this circumstance. PLNI may exchange punches with the MMs and TDAmeritrade, but they are not about to get into a fight with the owner(s) of the exchange they trade on who have the right to de-list any stock they so deem. To interpret this as Turek running off with investors money to live on a yacht leaving no one running the show at PLNI, is absurd, suggesting everything concerning this stock is some "black helicopter conspiracy" scam is Dumb with a capital 'D'.
Your so called "research" completely leaves out any fundamental analysis (financial statements to date, industry analysis and the products they provide, etc.) and history (the great things PLNI has achieved the last 7 months, Semco acquisition, ProMold acquisition, renewing of the BlueLinx contract, completion of 2004 audit, near completion of 2005 and q1 2006 audit, unaudited numbers for 2005 and q1 2006 released, over 2000% revenue growth for q1 2006 over q1 2005, completion of "audit" by SEC approved lawyer certifying the "tradability" of PLNI to appease pinksheets market owner(s)).
If that's the best you can do, then you are terrible at research, you need to find someone to help you with improving your research and analytical skills. That's really stinky research, and really is not research at all but instead subjective and rather paranoid dillusional thinking.
Posted by successinstock on :
Nice post Lance...PLNI has continued to update Pinkshets with information requested in order to get their quotes restored.
quote:Originally posted by successinstock: Nice post Lance...PLNI has continued to update Pinkshets with information requested in order to get their quotes restored.
Thank's Successinstocks. I noticed that Saturday as well. It looks like pretty much the same information already released with an updated addendum that includes a table of outstanding shares increases in chronological order, without the April 2006 increase of outstanding shares added to this table. I understand why they didn't add this as this is 2005 and Q1 2006 info and the last increase in outstanding shares happen in Q2 2006.
I'm not really impressed with this release as far as driving the stock upward. It's everything that's already been released but just in a 61 page .pdf, there's nothing really new in it that would push the stock higher so I don't expect some uptrend to result from it.
I think Greenbaron is crap as far as stock recommendations go, but am willing to change my opinion on them per their planned interview with Mr. Turek and PLNI. Greenbaron was paid by PLNI to hype the stock, so I expect many "softball" type questions, in which case my opinion of Greenbaron will stay the same. However, if Greenbaron has the balls to confront the company on the "outstanding shares" increases, and why the company said a year ago that they were going to start a share buyback, and yet have doubled the outstanding shares TWICE in the same period, I may just change my opinion of Greenbaron.
Now the bi-polar people who are reading this thread, don't go off the deep end with conspiracies and bashing. I'm a realist as far as investing goes, and as a major shareholder, I want Greenbaron to represent me, as a shareholder, and hit PLNI with some "hard ball" questions about the increase in outstanding shares of some 300%. I don't think Greenbaron puts investors first, but rather the company that pays them to hype their stock, and so I don't expect they will do this, but it would be nice to see it.
As far as I'm concerned, the only thing holding this stock back from blasting off is the outstanding shares issue, and we need this issue addressed out in the open by the company before the stock will rally. The sharebuy back program should address it adequately, but I'd still like to see Greenbaron ask about why they keep increasing the outstanding shares (fighting off a take over attempt, need the shares to service their existing debt, or whatever).
Posted by T e x on :
OT:
Lance, are you an MM?
Posted by Bearclaw on :
Hey sucess...
I'm thinking we'll wake up one morning this week and the Pink Sheets will be up and quoting again...Maybe tomorrow ...who knows...just a feeling...We have to be very close they have provided all they were asked to provide. IMHO
quote:Originally posted by successinstock: Nice post Lance...PLNI has continued to update Pinkshets with information requested in order to get their quotes restored.
I think they must be close. They did 2 updates with PS on the 21st and the 24th. It looks like the 24th release cleared up some "date" issues and they added the SEC disclosure.
The next big hurdle is getting Mendoza back on track to finish the f^&(ing audit.
...Lance...nice to see your post on SI. I look forward to your dialogue with those on the non-bull side of the house.
Posted by successinstock on :
I posted this on SI earlier. Pretty sizeable volume the last 10 minutes of trading....either day traders (ha ha) unwinding their positions or maybe somebody listens to rumor bugs and is taking a position....
It may be because they knew the Pink Sheets would have them back up this morning successinstock... If they stay up, we may be in for a bit of a run.
Posted by Bearclaw on :
I'm looking for an entry this morning Chopper...I want to pick up some more shares. Pink sheets really raked PLNI through the coals. The nice thing about that is the information provided by PLNI satisfied them. This was hard data that Pink sheets requested and verified. Success is right in that the accountants are now up to bat and they better start putting some runs on the board...
quote:Originally posted by Chopper: It may be because they knew the Pink Sheets would have them back up this morning successinstock... If they stay up, we may be in for a bit of a run.
Posted by Black0r on :
I hope they will give us a nice PR that they're back on! I mean, it surely is a good point to show that they satisfied pinksheets.
Posted by imakmony2005 on :
nice bump up here
Posted by Black0r on :
Doing very nice today. Maybe the reappearing on pinksheets.com will evolve as a new begining. Posted by imakmony2005 on :
UP 50% WOW!
Posted by Chopper on :
Up 31% for the day! Not bad for the first day of requoting. Gapper in the am would be wonderful.
Posted by imakmony2005 on :
6/27/2006
Jun 27, 2006 (M2 PRESSWIRE via COMTEX News Network) -- Today our stock watch alerts today include Featured Profiles for Sao Luis Mining, Inc. (OTC: SAOL), L International Computers Inc. (OTC: LITL), and stock alerts for Perfisans Networks Corporation (OTCBB: PFNH), Plasticon International (OTC: PLNI), PLASTICON INTERNATIONAL , INC. (OTC: PLNI) "Up 38.46% in morning trading"
Plasticon International (OTC: PLNI) 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. Visit their web site for more info at: www.plasticonintl.com Posted by keithNJ on :
i've been following this stock for about 1.5 yrs:
plni has let down there investors with b.s pr's about there product and deals !! what they need to do is win back investor confidence with news on there product and placement deals...period !!
omg
Posted by LanceJ on :
quote:...Lance...nice to see your post on SI. I look forward to your dialogue with those on the non-bull side of the house. [/QB]
That's not gonna happen. I don't respect SI as a serious place to discuss issues from what I've seen so far. It strikes me more as an immature place where there's plenty of flaming and arguing, but no original thinking, and even less serious analysis.
Further, why would I waste my valuable time arguing with the moderator Capt. Kirk, while the moderators and owners make money off the click ad advertising? I understand you'd like to see me rip these highschool mentality guys to shreads for entertainment value, but they are gonna have to pay me some of the $ they are making if they want to use me to increase the entertainment value, thereby increasing traffic, thereby increasing click ad revenue. I might be lured into having a serious analytical discussion with someone of integrity on that website who doesn't come right out of the gate throwing insults, but no one has stepped forward with that kind of character.
Finally, why would I waste my valuable time arguing a position they would stand to benefit from? Think of it like this, someone has a winning lottery ticket. Now someone says dude, you've got the winning lottery ticket, go cash it in. Now imagine the guy with the lottery ticket arguing and saying "No I don't. No I don't." And you are like, "Yes you do. Look at this number right here." And the guy says, "No, I don't want to look at that number. I know I don't have the winning lottery ticket and I don't need to look at the number to know this." It's like you eventually reach a point where you say, "Dude, you're an idiot. I don't care if you cash in that lottery ticket or not. It's your loss, not mine." And you just throw your hands up and walk away.
I don't see why so many people want to help other people become rich. I mean I know it's a nice jesture towards humanity sort of feeling, but when the person argues with you, leave it alone. Why help an idiot? Now it's different if they come into a bullish thread like this and attack. Then you can attack back, easily shaming them in front of everyone with facts and analysis of their latest financials. Countering an attack is noble and honorable. But aggresively attacking and trying to convince an idiot they "have the winning lottery ticket" sort of reveals something about the attacker, their vanity and need to be right and to convince everyone on the planet they are right, and are not satisfied until everyone views something exactly the way they do. It's vane, ego-centric ramblings, that while holding entertainment value for some, amount to a terrible waste of time. As the most excellent business entrepeneur Benjamin Franklin once said: "Dost thou love life? Then do not squander time, for time is the stuff life is made of...Time is money."
Posted by LanceJ on :
quote:Originally posted by keithNJ: i've been following this stock for about 1.5 yrs:
plni has let down there investors with b.s pr's about there product and deals !! what they need to do is win back investor confidence with news on there product and placement deals...period !!
omg
That's exactly what they were doing. Here's a chronology. Now follow me on this.
Oct 13, 2005 = Plasticon Dramatically Increases Production Capacity With State-of-the-Art Toyo Molding Machine
Oct 26, 2005 = Increased Demand for ProMold, Inc. Products Leads to $1 Million Backlog of Orders
Jan 23, 2006 = SEMCO Chosen as Surfacing Vendor by Contractor for Apple Computer Japan Headquarters
Jan 25, 2006 = SEMCO Announces McCarren International Airport Surfacing Contract
******STOP! Now on January 31, 2006, Pinksheets.com removed the web quotation with the reasoning that they felt hype was being used to drive the stock up without the release of financial information that investors need in order to make a good decision whether to invest in this company or not.
Since this time, PLNI has stopped releasing PRs that may be construed as "promoting" the stock until they release adequate financial information.
PRs containing info on contracts and product developments, etc. should go back to normal once PLNI brings their financial releases up to date and the audit is completed.
Posted by LanceJ on :
Hooray, their back in good graces with pinksheets.com!
Excellent! Remember all the bashers who said PLNI was going to be de-listed and how terrible this was that a web quote was no longer being provided and how it was a sign predicting future doom of this company?
All of us who said researched the issue and came to the conclusion and told everyone else to just relax, that it would be taken care of once PLNI had released financials, we all were correct. The bashers were wrong once again. PLNI is now "re-listed" over pinksheets.com website quotation service.
Let that be one of many lessons for those who thought this was the end of the road for this company. You need to "get out" more. When you see things happen that were far worse than this, you learn to keep things in proper perspective and not do the overreaction bi-polar thing.
Congratulations most of all to PLNI for working deligently to take care of this issue. Go management! Good job.
Posted by T e x on :
quote:Originally posted by LanceJ: PLNI now re-listed on pinksheets.com
Hooray, their back in good graces with pinksheets.com!
Excellent! Remember all the bashers who said PLNI was going to be de-listed and how terrible this was that a web quote was no longer being provided and how it was a sign predicting future doom of this company?
All of us who said researched the issue and came to the conclusion and told everyone else to just relax, that it would be taken care of once PLNI had released financials, we all were correct. The bashers were wrong once again. PLNI is now "re-listed" over pinksheets.com website quotation service.
Let that be one of many lessons for those who thought this was the end of the road for this company. You need to "get out" more. When you see things happen that were far worse than this, you learn to keep things in proper perspective and not do the overreaction bi-polar thing.
Congratulations most of all to PLNI for working deligently to take care of this issue. Go management! Good job.
lance, are you an MM?
Posted by keithNJ on :
hooray ???
THE COMPANY PUT OUT A PUNCH OF FALSE AND MISLEADING P.R'S ..... INVESTOR LOST ALOT OF MONEY BECUASE OF MR. TUREK.
HOORAY ????
Posted by keithNJ on :
HOORAY ??
Outstanding Shares: 3,727,740,100 as of 2006-01-31
Posted by DQ. on :
We'll see how it goes. I've reloaded bigger than before. GLTA!
Posted by successinstock on :
Lance...point well taken on the cesspool that they call SI. I have to admit that I do post on some of their threads, but refrain in senseless unproductive arguments with "non-bull" people.
Looks like PLNI is getting the job done. It has been a long wait, but it will be worth it...imo.
Good luck.
Posted by successinstock on :
bashers returning ....i like the looks of that.
Posted by Chopper on :
Special Update fro the Green Baron
Plasticon International (PK: PLNI)
After nearly five months, PinkSheets.com reestablishes quotes for PLNI and removes cautionary message
Early this past Monday morning regarding PLNI, we predicted that “we will be vindicated soon”. This was a tough statement to include considering we have been getting shelled by negativity all over the place. Although PLNI still trades below where most investors bought in, the bounce is welcome news and certainly displays a ray of hope for the future.
The acceptance of Plasticon’s filings, letters, and reports by PinkSheets.com is an important win for the company. Investors will no longer see a terse cautionary statement when pulling the stock up on the popular pink sheet database website. Instead, as of yesterday, investors are treated with full Level II quotes showing market maker bid and offer information.
We believe Plasticon’s self imposed quiet period may be over. Although the Company has focused on completing audited financials, we believe there could be significant new developments to expose at any time. We also stick by our statement once again that audited financials for 2005 ought to be completed by the end of July.
Posted by imakmony2005 on :
nice
Posted by successinstock on :
Like Mr. Incredible, I have heard that Mr. Turek has been called back into active duty. He has dusted off his cape and has been seen with a new and improved "super suit". I have turned the illuminated recycled plastic sign on over Gotham City and look forward to seeing Mr. Jim "Plasticman" Turek return once more.
Sorry, it is nice to see green again.
Posted by LanceJ on :
I think what we will have is a testing of the 50 day MA again. At current volume levels, the stock lacks the power to bust through this formidable resistance barrier.
Posted by TRM on :
is it true this stock has 15 bil.sh. if so how much can it move, i have seen other stocks with high sh. count and never moved, with billions of daily sh. volume
Posted by LanceJ on :
quote:Originally posted by TRM: is it true this stock has 15 bil.sh. if so how much can it move, i have seen other stocks with high sh. count and never moved, with billions of daily sh. volume
The market has already answered your question. Look at how much PLNI stock has moved since after doubling the outstanding shares in April, it moved from about $0.005 down to $0.0025 over a 2 month period. If it can move down by that much, it can also move up by that much.
Posted by ed19363 on :
quote:Originally posted by LanceJ:
quote:Originally posted by TRM: is it true this stock has 15 bil.sh. if so how much can it move, i have seen other stocks with high sh. count and never moved, with billions of daily sh. volume
The market has already answered your question. Look at how much PLNI stock has moved since after doubling the outstanding shares in April, it moved from about $0.005 down to $0.0025 over a 2 month period. If it can move down by that much, it can also move up by that much.
IMO, not unless they do a serious buyback. Otherwise, it will just sit.
Posted by Interesting on :
LanceJ, re: The chart. On the chart you said the the real problem was money flowing out of the stock. There was also a negative flow of money during the "previous spike" area. Does that mean it can still spike? Thanks
Posted by Bearclaw on :
Ed... They don't need a buy back to get it back to around the 50 Day MA...We do however need something big and/or new investors to get it beyond that point. The new investors is part of BA's job generating interest...
It is my feeling that PLNI has a substantial number of developments to announce that they have been holding until the current issues were taken care of...It seems that is the case with the exception of the audited numbers. Those should be near IMO
Posted by LanceJ on :
quote:Originally posted by Interesting: LanceJ, re: The chart. On the chart you said the the real problem was money flowing out of the stock. There was also a negative flow of money during the "previous spike" area. Does that mean it can still spike? Thanks
Good question and the answer is yes. Stocks can and do rise on negative m.f.
In this case, and you'll need to scroll up to look at the chart to follow, notice the uptrend occuring on the money flow, even though the money flow is negative. So while the money flow was negative on the previous spike, it moved from -0.30 to all the way up to 0. It takes a little more than just negative m.f.= bad, positive m.f. = good. Just as in the price chart, you look for trends that sometimes form on the m.f.
Also, you don't want to just look at the m.f. here. Those new to a particular indicator often think in spatious, compartmental like truths. What you want to do is look at the m.f. holistically, as in only one small part of a bigger picture. Think of it like looking at a single computer on a network, versus looking at the network as a holistic whole.
In otherwords, look at the volume, stochastic, and MACD as well. On the volume side of things, we had volume rising into the upward move on the previous spike suggesting strong support behind the upward move as buyers kept stepping in to take the price higher. Notice also the positive MACD while the stochastic was neutral.
So you have a bullish money flow trend (even though it was negative) confirmed by a positive MACD, confirmed by the increasing volume.
Today is a different story. Notice the m.f. has done the inverse of what it did during the previous spike, effectively decreasing in greater amounts forming a downtrend. It's very much the opposite of what happened during the previous spike. Notice also that volume was increasing during the previous spike; however, as I pointed out about yesterday's upward move, it lacked the volume to sustain move. This is very different. Few penny stocks will ever rise on light volume. As volume increases so does the stock, especially when you have an increase in volume into the upward move. This suggests buyers stepping in, in increasing numbers. We did not have that situation with the volume yesterday, as today's price action confirmed.
Finally, keep in mind that with penny stocks, limited technical analysis can be used. You want to look at volume, supports, resistance, moving averages, and less towards stochastics. That's not to say stochastics are completely discounted, but rather with the volatile nature of penny stocks and the sudden one day moves they can make as evidenced yesterday, the stochastics have less predictive power that they do for stocks traded on major exchanges.
Penny stocks offer greater returns on investment than any other investment vehicle known to man, and that includes most options. So of course they have to be a little harder to trade than the rest as well. The "harder to trade" manifests itself partly in the fact that technical analysis is more limited so in otherwords there's less clarity or predictive capability derived from technical analysis when applied to penny stocks versus stocks traded on major exchanges. That's why fundamental analysis is so key to penny stocks. You've got to watch those revenues, earnings, earnings per share, and cash flow numbers. You've got to understand the product, know the sub-sectors they trade in, and know the market cap in these sub-sectors (such as plastic signage market, plastic re-bar market, etc.)
Harder than stocks traded on major exchanges? You bet. But the payoff is also much much bigger and worth the extra effort.
Good luck.
Posted by T e x on :
Lance,
are you an MM?
Posted by LanceJ on :
quote:Originally posted by Bearclaw: It is my feeling that PLNI has a substantial number of developments to announce that they have been holding until the current issues were taken care of...It seems that is the case with the exception of the audited numbers. Those should be near IMO
Good feeling, I think you're dead on. Business didn't just suddenly stop coming in to Semco around January 31, 2006 nor demand for plastic rebar supports suddenly stop. The stopage was a PR thing only as the q1 financials confirmed. Again, this was done temporarily to appease the pinksheet market owners and to supply the much needed and long overdue financial numbers. I think at some point we will once again get PRs that concern actually business contracts.
Posted by LanceJ on :
quote:Originally posted by T e x: Lance,
are you an MM?
No. The previous post mentioning MM behavior was speculation only and the example given was a hypothetical one.
Posted by T e x on :
quote:Originally posted by LanceJ:
quote:Originally posted by T e x: Lance,
are you an MM?
No. The previous post mentioning MM behavior was speculation only and the example given was a hypothetical one.
oh...
Posted by LanceJ on :
"IMO, not unless they do a serious buyback. Otherwise, it will just sit. "
That's really the million dollar question, or should I say billion...LOL, get it billion, as in...
But now we're talking about the right thing here, and that's the outstanding shares. Is it a problem. You bet. Does it suck big time? Hell yes. Has it driven me to leave my trading desk in a ferocious fit of anger and disbelief to suck down a smoke and chill? Yes.
But it's the one thing that sucks about this company. Do I think it will be corrected in the future? Absolutely, I have no doubt. Money fixes all things and with revenue growth the kind we saw in Q1 2006, I know PLNI will do exactly as your message suggests, a share buyback.
So what we really need to watch is Q2 2006 numbers which should be coming within the next 4 - 6 weeks as management has reported they will, from this point forward, release financial statements on a regular basis or risk facing pinksheets wrath again. Which I have to believe that nobody, including PLNI, wants to get back into that sort of situation again. Especially after spending so much time and money (lawyer certifying tradeability, no positive PRs, TDAmeritrade refusing to let buy orders go through, etc.) to correct that mishap.
So we really need to see Q2 numbers come in on the high end of things. The more money that comes flowing in, the quicker PLNI will be financially able to address their share structure. Did you notice the shares the insiders hold from the last financial filing on pinksheets.com? They diluted their own shares as well. Remember, PLNI wants this addressed as well, nobody stands to benefit more than PLNI does from a lower float situation.
Now if Q2 numbers are bad, and the BlueLinx contract is cancelled or something, I'll be the first racing for that exit door. So that's the situation as I see it with the share dilution and how it will be corrected. Watch for those Q2 numbers and hope nothing goes wrong at ProMold in the production process, quality control, etc.
Posted by imakmony2005 on :
RENTLESS, MUST BE TIME TO BUY!!!!!!!!! LOL
Posted by Doctoall on :
quote:Originally posted by LanceJ: "IMO, not unless they do a serious buyback. Otherwise, it will just sit. "
That's really the million dollar question, or should I say billion...LOL, get it billion, as in...
But now we're talking about the right thing here, and that's the outstanding shares. Is it a problem. You bet. Does it suck big time? Hell yes. Has it driven me to leave my trading desk in a ferocious fit of anger and disbelief to suck down a smoke and chill? Yes.
But it's the one thing that sucks about this company. Do I think it will be corrected in the future? Absolutely, I have no doubt. Money fixes all things and with revenue growth the kind we saw in Q1 2006, I know PLNI will do exactly as your message suggests, a share buyback.
So what we really need to watch is Q2 2006 numbers which should be coming within the next 4 - 6 weeks as management has reported they will, from this point forward, release financial statements on a regular basis or risk facing pinksheets wrath again. Which I have to believe that nobody, including PLNI, wants to get back into that sort of situation again. Especially after spending so much time and money (lawyer certifying tradeability, no positive PRs, TDAmeritrade refusing to let buy orders go through, etc.) to correct that mishap.
So we really need to see Q2 numbers come in on the high end of things. The more money that comes flowing in, the quicker PLNI will be financially able to address their share structure. Did you notice the shares the insiders hold from the last financial filing on pinksheets.com? They diluted their own shares as well. Remember, PLNI wants this addressed as well, nobody stands to benefit more than PLNI does from a lower float situation.
Now if Q2 numbers are bad, and the BlueLinx contract is cancelled or something, I'll be the first racing for that exit door. So that's the situation as I see it with the share dilution and how it will be corrected. Watch for those Q2 numbers and hope nothing goes wrong at ProMold in the production process, quality control, etc.
And just sitting it is Posted by ed19363 on :
quote:Originally posted by LanceJ:
quote:Originally posted by T e x: Lance,
are you an MM?
No. The previous post mentioning MM behavior was speculation only and the example given was a hypothetical one.
Are you a hypothetical investor??
Posted by successinstock on :
Message from Green Barron ;
"We expect to have updates on PLNI, CMDA, IMJX, TPBV, and AZMN over the next several trading days. Our favorite past pick remains CMDA, but PLNI, IMJX and TPBV appear to have finally bottomed. AZMN may be on the verge of going to the Bulletin Board."
Posted by Bearclaw on :
Hey success... I haven't been posting much...waiting for this to wake up...It's been on my watch list while playing other stocks...but...I'm thinking it's time to start paying attention again...Thinking it's time to load up and strap in buddy...PLNI is getting ready to take us for a ride...GLTA
Posted by Retired_Insider on :
I have been buying this between .0023 and .0025, with my last purchase this morning. I now own just over 7.5 million shares.
My sources have informed me that the news we have all been waiting for, is coming out soon (within 1-2 weeks). Now that I am all loaded, I am ready for a BIG launch.
I haven't posted here very much, but I am a frequent lurker.
Good luck to you all.
Posted by Up on :
quote:Originally posted by Retired_Insider: I have been buying this between .0023 and .0025, with my last purchase this morning. I now own just over 7.5 million shares.
My sources have informed me that the news we have all been waiting for, is coming out soon (within 1-2 weeks). Now that I am all loaded, I am ready for a BIG launch.
I haven't posted here very much, but I am a frequent lurker.
Good luck to you all.
What "sources" would those be Mr. Insider?
Posted by Relentless on :
LOL.. are they actually trying to pump PLNI again? Funny isn't it?.. it's always the news we've all been waiting for that ends up sending this thing lower..lol
Posted by Up on :
quote:Originally posted by Relentless: LOL.. are they actually trying to pump PLNI again? Funny isn't it?.. it's always the news we've all been waiting for that ends up sending this thing lower..lol
True, but this guy has sources. I'd like some details.
Posted by Retired_Insider on :
my sources work directly with the company. I do not want to name names, however, they are connected with one of the recent acquisitions.
I am not trying to pump this stock. It does not need to be pumped. They have very slowly released their financials, and the rest will be out shortly. They have a methodical business plan that they have been following, and they have overcome many obstacles in getting the business started. Some of the manufacturing challenges have taken away their focus of reporting finanical information, because, without a quality product, the financials don't do you any good. Now everything is back on track, and they are getting ready to break the flood gates open. Do your own DD, make your phone calls, and start turning over some stones.
You can bash all you want, but I am VERY comfortable holding all these shares.
BTW, have you noticed the support in this current trading range. I truely believe this to be the bottom, and a reversal is imminent.
Posted by Chopper on :
Here is the only source out there and that comes directly from the company. It was filed on the Pink Sheet web site.
Issuer Information Statement 06/16/2006 Jun 24 2006 ET
As of 6/16/2006 Plasticon's auditors have provided the Company with a letter stating that the 2005 Audit and 2006 Quarlterly financial statements will be completed in 30 days or approximately by the end of July.
quote:Originally posted by Retired_Insider: my sources work directly with the company. I do not want to name names, however, they are connected with one of the recent acquisitions.
I am not trying to pump this stock. It does not need to be pumped. They have very slowly released their financials, and the rest will be out shortly. They have a methodical business plan that they have been following, and they have overcome many obstacles in getting the business started. Some of the manufacturing challenges have taken away their focus of reporting finanical information, because, without a quality product, the financials don't do you any good. Now everything is back on track, and they are getting ready to break the flood gates open. Do your own DD, make your phone calls, and start turning over some stones.
You can bash all you want, but I am VERY comfortable holding all these shares.
BTW, have you noticed the support in this current trading range. I truely believe this to be the bottom, and a reversal is imminent.
I'm not bashing the stock, I know next to nothing about it. What I AM bashing is you and your claims of insider information which you do not possess. These are exactly the types of posts and posters that Allstocks is trying to ferret out. There are other boards for the likes of you, this isn't one of them.
Posted by Relentless on :
The name was an instant give away...lol
Posted by Retired_Insider on :
The name is not what you think. It is a play on my last name. Ensyder. And yes I recently retired from 30+ years of public service. I was a police office for a small community and am now kicking back enjoying a slower pace and enjoy playing some penny stocks for the adrenaline they give, just like some of the foot chases I have done during my career.
Hence my online name Retired_Insider Posted by Relentless on :
For a cop, you aren't too good at spotting scams. PLNI has been a confirmed scam for quite some time. Good luck with the pennies, they can be fun if one knows how to hit the sell button.
Posted by T e x on :
Forget all that!
Spill everythang you know from your sources...!!!!!
Oh, and don't worry about those shrimpy SEC guys, either--they *NEVER* come around here...wouldn't dream of it
well, maybe a few times...
anyway--come on, tell us!
Posted by Chopper on :
Confirmed by who, what, where and most of all How???
Posted by Relentless on :
lol... some things never change Chopper.. keep the faith.
Posted by Retired_Insider on :
quote:Originally posted by Chopper: Confirmed by who, what, where and most of all How???
Who: I wont give a name, but they deal with daily financial information.
What: financials and other details will be out within 1-2 weeks.
Where: from where I am sitting now in Kentucky
How: personal contact and phone.
Posted by will on :
Hey detective, better engage in another foot chase like Wily Coyote. I think Chopper was asking Relentless for proof that PLNI is a confirmed scam.
Kentucky, that figures. Was Deputy Dawg your sidekick down there in Mount Pilot.
Why don't you move to Mayberry, I think Andy Griffith retired and Barney is dead. Couple of nice positions open for you there. You can chase Earnest T Bass around for throwing bricks through windows. Then you won't have to play penneis for your rush.
Posted by Retired_Insider on :
Chopper. I sent you an email.
Posted by T e x on :
Will, RD:
Can you *believe* the LUCK?
This guy shows up HERE? NOW?
man o man...
Posted by will on :
I like reading the PLNI threads they have given me great pleasure and entertainment the past year or so, after the CMKX junkies got their hotshot from Urban. There's always one, one stuck that is, lots of kool aid drinkers though.
Posted by 10of13 on :
Retired insider...read your posts...and "hear" what it is saying..."Pump Pump Pump"...if you are a "frequent lurker"...you would know that posting that would be a no no...unless you want the attack that you are getting... One of the good things about allstocks..they got your back...!
Posted by Egg Inspector on :
quote:Originally posted by will: Hey detective, better engage in another foot chase like Wily Coyote. I think Chopper was asking Relentless for proof that PLNI is a confirmed scam.
Kentucky, that figures. Was Deputy Dawg your sidekick down there in Mount Pilot.
Why don't you move to Mayberry, I think Andy Griffith retired and Barney is dead. Couple of nice positions open for you there. You can chase Earnest T Bass around for throwing bricks through windows. Then you won't have to play penneis for your rush.
I don't know any of you...Retired, Will, Chopper;
but will, the hoky back-woods put-downs are not cool. Im sure you can come-up with better info about PLNI, instead of resorting to insults.
If this guy was a police officer for 30 years, he deserves all of our respect and thanks...not sarcasm.
stay cool, and GLTA
Posted by will on :
Look Egg, the guy is a pump, he deserves nothing from me. Not my respect, not even my tolerance. nothing. He's implying he has inside information, he has 0, that's what he has. Let him go back to lurking, he sonded better then. ...and I don't need a lesson or lecture from you on how to behave, or how to post.
Posted by Up on :
quote:Originally posted by will: Hey detective, better engage in another foot chase like Wily Coyote. I think Chopper was asking Relentless for proof that PLNI is a confirmed scam.
Kentucky, that figures. Was Deputy Dawg your sidekick down there in Mount Pilot.
Why don't you move to Mayberry, I think Andy Griffith retired and Barney is dead. Couple of nice positions open for you there. You can chase Earnest T Bass around for throwing bricks through windows. Then you won't have to play penneis for your rush.
Will, My memory is a little foggy here but didn't we know another ex-cop who had inside sources on another stock? Posted by King Crimson on :
lofl....... Posted by will on :
Yep! Old noah, legal eagle, aka "the sheriff" with his deputies. You did note my referrence to CMKX in an earlier post. It is guys like that who influence new people, and cause them to lose their butts.
Posted by MoneyMoneyMoney on :
quote:Originally posted by Egg Inspector:
quote:Originally posted by will: Hey detective, better engage in another foot chase like Wily Coyote. I think Chopper was asking Relentless for proof that PLNI is a confirmed scam.
Kentucky, that figures. Was Deputy Dawg your sidekick down there in Mount Pilot.
Why don't you move to Mayberry, I think Andy Griffith retired and Barney is dead. Couple of nice positions open for you there. You can chase Earnest T Bass around for throwing bricks through windows. Then you won't have to play penneis for your rush.
I don't know any of you...Retired, Will, Chopper;
but will, the hoky back-woods put-downs are not cool. Im sure you can come-up with better info about PLNI, instead of resorting to insults.
If this guy was a police officer for 30 years, he deserves all of our respect and thanks...not sarcasm.
stay cool, and GLTA
I myself think it is so funny when people like Egg come in trying to change things. Even the oldies that have been here since 2004. LOL.....
Posted by ed19363 on :
My two cents worth. Yeah, maybe the guy deserves kudos for serving the public for long years. That being said, if you have sources and you want to post, tell everyone who the sources are and where they post or get their information. Otherwise you come off sounding like a pumper in the stock for your own gain. So....if you're not willing to post COMPLETE information, then STFU !!!!!
Posted by will on :
The REAL insult is Retired Insider claiming inside information, Egg. That is who you should direct your comments to, chastise him for insulting everyone's intelligence.
Posted by ed19363 on :
quote:Originally posted by will: Yep! Old noah, legal eagle, aka "the sheriff" with his deputies. You did note my referrence to CMKX in an earlier post. It is guys like that who influence new people, and cause them to lose their butts.
Whatever happened to that clown anyway, Will ? Havent heard a word since cmkwhatever went belly up.
Posted by will on :
Well, ed, I just spoke with someone on the phone who still visits that whacko "CMKX I have a dream" board. He told me that the foolish faithful still expect to be rich from CMKX. Their latest rumor is that there was a settlement by MM's for NSS, and it has been placed in a trust for the foolish to collect some day. Reality is, they got 0 !!!!
Posted by Relentless on :
quote:Originally posted by T e x: Will, RD:
Can you *believe* the LUCK?
This guy shows up HERE? NOW?
man o man...
Flawless timing if you ask me tex
Posted by successinstock on :
We should have some news of the audits by the end of the month.....so says Jim Turek on item viii subsection 11. My understanding is that once the audits are complete we should have details on the share buyback and uplisting to the OTC.
Also the second quarter unaudited(?) numbers should be out in the next few weeks also...imo.
Good luck all.
OT: I hear that one of the longs paid a visit to Promold and took some interesting pictures of the PLNI machines in action. I hear that one of the machines even has a BlueLinx sticker on it.....
quote:Originally posted by ed19363: My two cents worth. Yeah, maybe the guy deserves kudos for serving the public for long years. That being said, if you have sources and you want to post, tell everyone who the sources are and where they post or get their information. Otherwise you come off sounding like a pumper in the stock for your own gain. So....if you're not willing to post COMPLETE information, then STFU !!!!!
Speaking of 2 cents. I remember chopper calling Simon from subpennyradio and telling him that he would bet anything thet PLNI would be at it's 52 week hi by the end of May. We are now in July. What went wrong Chopper?
Posted by Chopper on :
Now that was truly a silly question bmore.
Posted by ed19363 on :
For one thing it means he lost the bet. However, that does not preclude him having an opinion, positive or negative. " I may not agree with what he says, but I'll defend his right to say it."
Posted by Bearclaw on :
On another **** it was just posted that orders on line for PLNI through TDAmeritrade is up and running...all back to normal...No more buying over the phone with a broker???
Can anyone confirm this? Has anyone tried to put in a buy order?
Posted by successinstock on :
Bear....I bought via the internet today!!!....Looks like another small step in the right direction.
Good luck
Posted by lgk on :
I also was able to place an order.
Posted by DQ. on :
Well, Well, I've been to busy to even look at Allstocks for several weeks. I see the usual bickering and insults. I also see PLNI doing not much of anything. Still have my wagon loaded,,,ain't sellin' till .02. (by the way) PLNI is not a confirmed scam. They are doing what they said. Just not setting any speed records. GLTA!
Posted by successinstock on :
interesting action today in the last half hour or so....looks like someone is setting a stage for the news to come?
Posted by Bearclaw on :
Hey Success...
Shorts covering on some low volume buying it seems...Tomorrows announcement on pinksheets suggest covering shorts. The large block buying on the ask at the end of the day indicated this...Seems they wanted the PPS as low as possible EOD by drawing it down on small volume trades followed by mirror trades...Would have closed at the open PPS if it wasn't for the push EOD...Interesting...
No one is selling or the PPS would have went to the toilet...seems the longs are holding.... understanding the significance of the shorts and the timing of the audited financials if Turek gets them out as the auditors promised for the end of July...Yepper...interesting stuff...
quote:Originally posted by successinstock: interesting action today in the last half hour or so....looks like someone is setting a stage for the news to come?
Posted by successinstock on :
Hi Bear....
3 of us are making our way over to the broker's office tomorrow to throw some more mad money at PLNI. I have a feeling after calling around tonight that we will not be the only ones who pick up shares if it dips further....I hope you are well.
Good luck.
It is time !
Posted by DDA on :
... and slowly we go down and down.
Posted by Bearclaw on :
Bet I know who at least one of the other two guys is...GLTA
quote:Originally posted by successinstock: Hi Bear....
3 of us are making our way over to the broker's office tomorrow to throw some more mad money at PLNI. I have a feeling after calling around tonight that we will not be the only ones who pick up shares if it dips further....I hope you are well.
Good luck.
It is time !
Posted by bobcat88 on :
This is one of my hold till it either gets delisted or they hit it big time, sittin on a loss of around 78% till this thing jumps back up, will try and avg down along the way. They sure dont put out the PR's like they used to tho!
Posted by Chopper on :
Special Update From the Green Baron Report
Plasticon Intl (PK: PLNI)
The microcap market has been under siege over the past few months, and PLNI has been trounced beyond all expectations. At .002 per share and trading near year lows, PLNI has caused even the most loyal shareholders to question what is happening. Believe it or not, PLNI traded at these prices in 2004 and early 2005. Let’s hope we don’t stay near these levels for long. If Plasticon can soon deliver on promises made over the past year, we could see a massive bounce in the share price.
In our update on Wednesday, June 28, The Green Baron Report stated, “We also stick by our statement once again that audited financials for 2005 ought to be completed by the end of July.” The last trading day of July is tomorrow, so we don’t have a lot of time left. It is extremely difficult to predict an event of such magnitude, but in our opinion we still believe the audit will be completed any day.
CEO Jim Turek has finally agreed to an exclusive interview with The Green Baron Report to be conducted within the next week. We understand many of our members own PLNI and we plan to reflect your concerns and questions in our interview. We will alert all members through an email precisely when the interview can be heard on our website at xxx.the green baron . com.
Posted by successinstock on :
2005 1st and 2nd SEC filings just posted on Pink sheets. We are getting closer !!
quote:Originally posted by sonic0boom: Have I missed something, or can you explain the relationship between PLNI and IGTG?
sorry wrong thread, I was unable to delete it by the time I found the error.
Posted by Bearclaw on :
They put out the first and second quarter the end of last week...The 4th and 1st quarters must not be far behind...Better put this on the watch list again...
quote:Originally posted by successinstock: 3rd quarter 2005 just released.
Keep an eye out for the rest of the 10Q's...If they come out with all the financials this could be a hot item...Short squeeze play...IMO...
Posted by will on :
Bump
Posted by stolibox on :
wow, getting near all time lows.
Posted by will on :
We know your point will. Thank you for keeping the negative to a minimum. The docs speak for themselves.
Posted by will on :
Negative? What negative?
I think I pretty much predicted this as far back as Nov '05, on a thread that was conveniently burried. No worries though most longs here probably were ALWAYS on the right side of the swings, buying at the low and selling at the high. Hey they're reporting now, fully transparent, everything is going to be ok now, Y'all are going to be rich. Just tough to convince new people to purchase a stock with a declining price while the only thing that continues to go is the O/S.
Any factual comment I made was mostly discounted by calling me a basher. Never bashed once. How many here can say they don't pump this?
There isn't any negatives, and I don't think you got my point.
Posted by will on :
Wonder what happened to this guy, stockjockey, I mean Chopper. He kinda disappeared. Maybe just someone's alias.
quote:Originally posted by Madvillain:
quote:Originally posted by will: Pump! Pump! Pump!
Might be a deal at .0015, then that's doubtful.
$0.0015? In your dreams dude.
Cheers.
Posted by will on :
Next stop is below .001, then maybe a R/S or dilution into the 10's of Billions, and maybe eventually revocation.
Or is what we're witnising just a diabolical plot by that worm guy, who some here were convinced was staging a raid on poor little PLNI ?
You know next time someone has an opposing or alternative point of view, maybe people should learn to let them be heard. If pumpers here were generous enough to do that 10 months ago, maybe the pain in the butt "bashers" would have moved on, and been generous enough not to remind the longs/pumpers.
Posted by will on :
That's my point !
Posted by Chopper on :
You fit well with the Raging BullCrap mentality will.
I guess you feel superior when you make fun of some of those that may have held long for whatever personal reasons and are down. Your a real class act.
This may not be the most perfect company by a long shot. But I or anyone else that may have held long can read the filings as well as you. The playing field changes on a daily basis with all these penny companies and based on available facts we all make our choices.
If the stars were aligned properly and everything went down the way Plasticon wanted it to, you would be on the other end of this little yuk yuk. So congrats for getting lucky on the pps guess.
Fact is your little supremest snide comments are still not wanted. DD presented in a investigative fashion good or bad is welcome.
I still believe in Plasticon as I personally visited Pro Mold and know after all is said and done Plasticon will make it. Not as fast as I or anyone else thought, but it will still make it.
I will not banter back and forth with you, so find somewhere else to hang out and bash. Oh and I am not posting daily on this stock as there is not a lot to post. I don't try like you to be a pain in the can. Maybe I should follow your posts so everytime the stocks that you follow slide backwards I could call Pumper and Liar. Not worth my time! I have a life.
Happy trading and please try not to be such a sad bitter person.
Chopper
Posted by T e x on :
dang, chop...
I like Will's stuff...doesn't come off as a basher to me, at all...
Posted by will on :
I never would have said a word if you, (the collective you), were tolerant of an opposing view long ago. There are resident bulllies here waiting to slap down anyone that has an opinion that does not agree with the pumpers. I have little to no sympathy for the folks who pump this, but sure do have a lot of compassion for those that the pumpers influenced into this piece of crap abyss.
Now you and your playmates, can have your playground back.
Maybe to your great surprise I do not require your approval or permission to post here. I haven't posted here in a long while, and probably would have never returned if folks were a little more open minded and tolerant here.
Posted by Relentless. on :
Some of the "Bashers" were banned over this stock.. The longs grouped together and reported post after post untill action was taken. And what purpose did it serve? Did the stock go up? Was anyone made rich? Nope..
Posted by Relentless. on :
The current share price was predicted quite a while ago by Will and a few others.. There has to be a change in the mentality of penny traders when it comes to these stocks. They have to realize the "Basher" label is pointless. It was a tactic used long ago by paid promoters to discount the facts presented by competent traders. It has since turned into a ploy used by every nitwit who has fallen in love with a stock. Bashers on this site do not drive the price of any stock. CMKX's demise can not be attributed to will, wallace, Glass, Dusty, Upside or me. Nor can PLNI's. Look around.. And be thankfull that you are all on a site with competent traders with the balls to confront these issues.
Posted by luther on :
Amen to that last statement Relentless!!!!
Someone on another thread gave a newbie the advice of: "figure out who you can trust here and who you can't - it will help you tremendously"
I think that is invaluable information in such a situation. Research each persons past postings and you can see for yourself where the truth lies.
Posted by Chopper on :
Well, Why were the bashers banned I wonder?
Could it be the commentaries were more than just posting DD? Or could it have been the constant comments accusing everyday folks of being paid pumpers, liars and frauds? Could it be that the bashers were basing their comments on a little bit of fact and a whole lot of innuendo and conjecture from their so called vast experience in the penny market? Could some of them be disgruntled traders? Or could they be just angry lazy bagholders that never did their own DD? Ohhhhh Heaven forbid....
I have yet to meet a poster on these boards that has started a company from the ground up and was successful. Nor anyone that had the experience of running a company to comment on the inner workings of the day to day business dealings or what it takes to develop a product, market it and sell it. The trials and tribulations of missed deadlines that pop up due to screwups within and outside of the company or unforseen disasters. Most can't read a P&L report or a lousy 10k or any of the many other documents required by a corporation to file with the SEC.
Nearly all the posters and watchers here are only worried about runners and short term gains. That is why News Posters are such heros to publish news they feel will cause that particular stock to run or when some of the posters post runners. Point blank people are lazy and are left as an ever abundant group of bag holders because of One Thing and One Thing ONLY! They are to GREEDY and stinken lazy to DD a company on their own acting like sheep before buying into a comapany. Gosh forbid people should learn how to read a chart! And to say no one here fell into a MR XYZ poster's pick and ended up as a bag holder is just BS...
I bought PLNI back when FOT recommended it early last year when the shares were darn cheap. I have since DD'd the fudge out of the company and am comfortable with my decision in buying the stock.
I think the idea of getting rich quick is the main problem on all these boards. IT CAN'T BE DONE FOLKS!!! But I have heard of people getting rich slow buy trading stocks wisely, taking profit in a pps increase riding free shares and continuing the process until they hold millions of shares in many companies. Set it and forget it! Self-discipline and Patience are key here. Like I said on another thread even CNES That I held a crazy amount of shares at .0003 and .0004 ran to .0028 and became a long term payoff. Heck they even have a 14 BILLION float! But it still ran like a bad dog. Accumulate low and sell months down the road. Never become a sad bag holder but a savy investor. If you are upside down in a stock sell it and swing the stock if you really believe in the company. Never hold your entire position as it is going down the drain but play the dips and increases. Does no one remember Google falling from the $500 range to the $300 level. Happens everywhere in all stocks, so stop blaming other people for your trading mistakes.
Trust NO ONE and do your own DD!!!
Now you kiddies quit your whining and get to work with DD and trade smart.
Happy Trading Folks! GLTA
Chopper
Posted by bmorestocks on :
Chopper,
I've followed your pumping of this stock for months. You call radio shows and post endless DD about this stock. Now after all the posting what has it done? It has created bagholders after bagholders. PLNI had its time in sun when green baron promo'ed it and now its dead.
You also need to stop comparing PLNI to CNES. Only because last year CNES was around .0045 and how many people bought there. BearClaw aka (Bagclaw) WAS ONE. He avg down for months and it finally ran. Now imagine all the daytrades he missed out on as he avg down for months.
When are you going to notice that this stock is going to drop as CNES did and it will only spike when subpennies are hot again( sometime next year) Your endless pumping has created many bagholders and youhide behind the TA and DD of this stock as to why this stock is the next big thing. I honestly think that if you were not a Mod here you should be ban for bad pumping.
Posted by stocktrader22 on :
I agree bmore, but subpennies have been really hot lately! ATWT is the next one lol
Posted by bmorestocks on :
ATWT could run. Just a shame to see how the mods and senior members can get away with pumping. Then when someone stands up to them they get banned. They say the house always has the advantage.
Posted by Relentless. on :
Chopper is not exactly a senior member.
Posted by bmorestocks on :
He said he was a Mod. I heard him bragging about it on subpennyradio. someone even said "If you really believe PLNI will hit .029 then put 10,000 dollars on it" And of course he rejected. I guess it's because all of is money is in this stock.
Posted by Relentless. on :
I'm not sure if he's a mod or not actually... But I know he's only been here for a year or so. He's been pumping PLNI just about the whole time.
Posted by bluechipper on :
quote:Originally posted by Chopper: Well, Why were the bashers banned I wonder?
Could it be the commentaries were more than just posting DD? Or could it have been the constant comments accusing everyday folks of being paid pumpers, liars and frauds? Could it be that the bashers were basing their comments on a little bit of fact and a whole lot of innuendo and conjecture from their so called vast experience in the penny market? Could some of them be disgruntled traders? Or could they be just angry lazy bagholders that never did their own DD? Ohhhhh Heaven forbid....
I have yet to meet a poster on these boards that has started a company from the ground up and was successful. Nor anyone that had the experience of running a company to comment on the inner workings of the day to day business dealings or what it takes to develop a product, market it and sell it. The trials and tribulations of missed deadlines that pop up due to screwups within and outside of the company or unforseen disasters. Most can't read a P&L report or a lousy 10k or any of the many other documents required by a corporation to file with the SEC.
Nearly all the posters and watchers here are only worried about runners and short term gains. That is why News Posters are such heros to publish news they feel will cause that particular stock to run or when some of the posters post runners. Point blank people are lazy and are left as an ever abundant group of bag holders because of One Thing and One Thing ONLY! They are to GREEDY and stinken lazy to DD a company on their own acting like sheep before buying into a comapany. Gosh forbid people should learn how to read a chart! And to say no one here fell into a MR XYZ poster's pick and ended up as a bag holder is just BS...
I bought PLNI back when FOT recommended it early last year when the shares were darn cheap. I have since DD'd the fudge out of the company and am comfortable with my decision in buying the stock.
I think the idea of getting rich quick is the main problem on all these boards. IT CAN'T BE DONE FOLKS!!! But I have heard of people getting rich slow buy trading stocks wisely, taking profit in a pps increase riding free shares and continuing the process until they hold millions of shares in many companies. Set it and forget it! Self-discipline and Patience are key here. Like I said on another thread even CNES That I held a crazy amount of shares at .0003 and .0004 ran to .0028 and became a long term payoff. Heck they even have a 14 BILLION float! But it still ran like a bad dog. Accumulate low and sell months down the road. Never become a sad bag holder but a savy investor. If you are upside down in a stock sell it and swing the stock if you really believe in the company. Never hold your entire position as it is going down the drain but play the dips and increases. Does no one remember Google falling from the $500 range to the $300 level. Happens everywhere in all stocks, so stop blaming other people for your trading mistakes.
Trust NO ONE and do your own DD!!!
Now you kiddies quit your whining and get to work with DD and trade smart.
Happy Trading Folks! GLTA
Chopper
Way to late to read this whole thing tonight only made it through the first few paragraphs. Anyways, chopper, my name is Jim, there you just met someone that started a buisness from the ground and has grown it 30% every year since. yaddy yaddy yaddy. I'll read the rest tommorow.
Posted by bmorestocks on :
This is what I don't understand... Why don't people focus on daytrading? Everyone here loves to invest. Can we atleast try something new beecause this (PLNI) isn't working. We have seen it with the massive DD hype and estimation of where this is going to go. You tend to forget that we (daytraders) are the movers of your company. Once we sell out you are still holding why everyone is taking profit.
CNES/CNESE has been played by the daytrading massive. You can't fall with the ship. Chopper please admit that is the case here with PLNI. Yes you believe in the company. That's all the public DD you can gather. Just remember a Stock is way different...
A stock has to played on it's marketcap. Not what you believe it will go.... O/S TIMES PPS (LAST)= Marketcap...Meaning if every share out on that stock was sold... the market is the K or M it will take to buy out the entire o/s... mEANING every uptick it cost more Posted by Bearclaw on :
This thread has been sitting dormant for weeks then the 10Q's begin to get filed and posted. All of a sudden the "I Told You So" group comes out of the woodwork last night. Funny sheet...hahahahah
Posted by buckstalker on :
bmoreofanass...alias Momo, nomi-ugly, etc. thought you got banned again....go pump your BS elsewhere...like maybe raggingbull...
Posted by Bearclaw on :
Hey Buck.. Momo's recruiting again...He attacks Chopper and other folks that have been around for a while everytinme he needs new suckers to follow him...He brings a few of his Cherubs with him...This song and dance has been going on way too long...Maybe Elliot Ness is dogging Momo... We now know they're serious about nabbing some of these crooks...
quote:Originally posted by buck*******: bmoreofanass...alias Momo, nomi-ugly, etc. thought you got banned again....go pump your BS elsewhere...like maybe raggingbull...
Posted by Bearclaw on :
Hey Buck.. Here's what's happening to folks like Momo who start sites to lure unsuspecting targets...Elliot Ness is coming...
SEC Charges Operator of Stock Picking Website with Secretly Profiting in Investment Scam FOR IMMEDIATE RELEASE 2006-128
Washington, D.C., August 1, 2006 — The Securities and Exchange Commission today announced the filing of civil securities fraud charges against the operator of an Internet website who made more than $2.7 million in profits by secretly selling the stocks he recommended as “mega bonus buys” on his site, www.the*********.com (the ********* website).
The Commission’s complaint alleges that Nicholas A. Czuczko, age 34, of Beverly Hills, Calif., routinely recommended thinly-traded penny stocks on his website while he personally planned to sell the stock into the rising price spurred by the recommendation. Czuczko’s practice was to buy shares of the recommended stocks shortly before posting the selection on the ********* website. When unsuspecting Internet visitors bought the recommended stocks and drove up the price of the shares, Czuczko sold or “scalped” his holdings for substantial profits without disclosing his own sales on the ********* site. A screen shot of the ********* website from March 3, 2006, is attached to this release.
According to the Commission’s complaint, Czuczko funded an extensive Internet advertising campaign to drive traffic to the ********* website. Between mid-December 2005 and the end of March 2006, the Commission alleges, Czuczko paid approximately $1.15 million to Internet search companies and other web advertisers. Ads for the ********* site appeared on Google and Yahoo! in response to Internet searches for terms like “stocks” and “investment advice,” and on popular financial websites like Marketwatch.com, TheStreet.com, and The Wall Street Journal Online. Czuczko’s advertising campaign proved successful, and his stock picks reliably fueled trading and price increases in the recommended stocks.
Linda Chatman Thomsen, Director of the Commission’s Division of Enforcement, said, “Investors need to be wary of unsolicited stock recommendations they find on the Internet. As in this case, the website operator may have hidden motives in recommending stocks to the detriment of unsuspecting investors.”
Helane L. Morrison, District Administrator of the Commission’s San Francisco District Office, said, “The Commission is committed to stamping out these scalping schemes that prey on unsuspecting investors.”
In a related scheme, the Commission charges that Czuczko touted shares of his own company, Epic Media, Inc. Epic Media, based in Los Angeles, is a development stage company with plans to publish “lifestyle magazines” for men and women. Czuczko is Epic Media’s CEO and CFO, and chairman of the company’s board of directors, as well as its majority shareholder. The Commission alleges that in early December 2005 Czuczko recommended the purchase of Epic Media stock on a website that was the predecessor to the ********* site. After the price of Epic Media stock spiked, Czuczko sold his shares for a small profit. Czuczko did not publicly disclose those trades, among others, in stock ownership forms required to be filed with the Commission under federal securities laws.
The ********* website included a boilerplate disclaimer that the site’s unidentified officers and employees “may” trade in the recommended stocks. The truth, however, was that Czuczko always sold his shares as soon as his recommendation had its intended effect of increasing the price of the stock. The ********* website provided no warning to Internet visitors that the site’s operator intended—and in fact made it a regular practice—to sell the stocks at the same time that he posted buy recommendations on the site. By failing to disclose his intent to sell at the time when he made the recommendation, Czuczko was able to turn a quick profit at the expense of the investors who followed the site’s advice.
The Commission’s complaint, filed in federal district court in Los Angeles, seeks to enjoin Czuczko from future violations of the antifraud and ownership disclosure provisions of the federal securities laws. The Commission requests that the district court order Czuczko to disgorge his ill-gotten gains plus prejudgment interest, impose a civil monetary penalty, and bar him from participating in penny stock offerings and from serving as an officer or director of a publicly traded company.
The Commission acknowledges the assistance of NASD Market Regulation with its investigation.
For tips to avoid costly mistakes, the Commission encourages investors to read “Pump & Dump.con: Tips for Avoiding Stock Scams” on the Internet at http://www.sec.gov/investor/pubs/pump.htm.
For more information, contact:
Helane L. Morrison District Administrator (415) 705-2450
Tracy L. Davis Branch Chief (415) 705-2318
United States Securities and Exchange Commission San Francisco District Office
Additional materials: Litigation Release No. LR-19787 and Complaint
Plasticon (PLNI) Note: We still anticipate the opportunity to interview Plasticons CEO Jim Turek any day. We have written our questions and have planned to conduct the call this week. Plasticons quarterly filings for the first and second quarters of 2005 were filed with the SEC on July 27. The third quarter of 2005 was filed on Monday. These filings can be viewed of the Pinksheets.com website at http://www.pinksheets.com/quote/filings.jsp?symbol=PLNI. Although the entire year audited financials for 2005 were not filed by the end of July as we had hoped, it appears that it will be completed very soon. We will alert our members as soon as there is something to report.
Posted by buckstalker on :
quote:Originally posted by Bearclaw: Hey Buck.. Here's what's happening to folks like Momo who start sites to lure unsuspecting targets...Elliot Ness is coming...
SEC Charges Operator of Stock Picking Website with Secretly Profiting in Investment Scam FOR IMMEDIATE RELEASE 2006-128
Washington, D.C., August 1, 2006 — The Securities and Exchange Commission today announced the filing of civil securities fraud charges against the operator of an Internet website who made more than $2.7 million in profits by secretly selling the stocks he recommended as “mega bonus buys” on his site, www.the*********.com (the ********* website).
The Commission’s complaint alleges that Nicholas A. Czuczko, age 34, of Beverly Hills, Calif., routinely recommended thinly-traded penny stocks on his website while he personally planned to sell the stock into the rising price spurred by the recommendation. Czuczko’s practice was to buy shares of the recommended stocks shortly before posting the selection on the ********* website. When unsuspecting Internet visitors bought the recommended stocks and drove up the price of the shares, Czuczko sold or “scalped” his holdings for substantial profits without disclosing his own sales on the ********* site. A screen shot of the ********* website from March 3, 2006, is attached to this release.
According to the Commission’s complaint, Czuczko funded an extensive Internet advertising campaign to drive traffic to the ********* website. Between mid-December 2005 and the end of March 2006, the Commission alleges, Czuczko paid approximately $1.15 million to Internet search companies and other web advertisers. Ads for the ********* site appeared on Google and Yahoo! in response to Internet searches for terms like “stocks” and “investment advice,” and on popular financial websites like Marketwatch.com, TheStreet.com, and The Wall Street Journal Online. Czuczko’s advertising campaign proved successful, and his stock picks reliably fueled trading and price increases in the recommended stocks.
Linda Chatman Thomsen, Director of the Commission’s Division of Enforcement, said, “Investors need to be wary of unsolicited stock recommendations they find on the Internet. As in this case, the website operator may have hidden motives in recommending stocks to the detriment of unsuspecting investors.”
Helane L. Morrison, District Administrator of the Commission’s San Francisco District Office, said, “The Commission is committed to stamping out these scalping schemes that prey on unsuspecting investors.”
In a related scheme, the Commission charges that Czuczko touted shares of his own company, Epic Media, Inc. Epic Media, based in Los Angeles, is a development stage company with plans to publish “lifestyle magazines” for men and women. Czuczko is Epic Media’s CEO and CFO, and chairman of the company’s board of directors, as well as its majority shareholder. The Commission alleges that in early December 2005 Czuczko recommended the purchase of Epic Media stock on a website that was the predecessor to the ********* site. After the price of Epic Media stock spiked, Czuczko sold his shares for a small profit. Czuczko did not publicly disclose those trades, among others, in stock ownership forms required to be filed with the Commission under federal securities laws.
The ********* website included a boilerplate disclaimer that the site’s unidentified officers and employees “may” trade in the recommended stocks. The truth, however, was that Czuczko always sold his shares as soon as his recommendation had its intended effect of increasing the price of the stock. The ********* website provided no warning to Internet visitors that the site’s operator intended—and in fact made it a regular practice—to sell the stocks at the same time that he posted buy recommendations on the site. By failing to disclose his intent to sell at the time when he made the recommendation, Czuczko was able to turn a quick profit at the expense of the investors who followed the site’s advice.
The Commission’s complaint, filed in federal district court in Los Angeles, seeks to enjoin Czuczko from future violations of the antifraud and ownership disclosure provisions of the federal securities laws. The Commission requests that the district court order Czuczko to disgorge his ill-gotten gains plus prejudgment interest, impose a civil monetary penalty, and bar him from participating in penny stock offerings and from serving as an officer or director of a publicly traded company.
The Commission acknowledges the assistance of NASD Market Regulation with its investigation.
For tips to avoid costly mistakes, the Commission encourages investors to read “Pump & Dump.con: Tips for Avoiding Stock Scams” on the Internet at http://www.sec.gov/investor/pubs/pump.htm.
For more information, contact:
Helane L. Morrison District Administrator (415) 705-2450
Tracy L. Davis Branch Chief (415) 705-2318
United States Securities and Exchange Commission San Francisco District Office
Additional materials: Litigation Release No. LR-19787 and Complaint
Yea...saw that earlier today Bear...the scumbags deserve what they get and then some...
Chopper...your message box is full
Posted by TalonSin on :
Can anyone tell me why Ameritrade will no longer trade this company?
Posted by successinstock on :
TDA will take phone orders for PLNI.... call them.
Posted by Bearclaw on :
There's a long list of stocks that brokers are micro-managing to cover their shorts...Making it difficult to buy on line is only one of their current tactics...
Posted by sonic0boom on :
Hey, for those of you actually trading PLNI ...
I just bought a few more shares this morning on the bid ... If any of you plan on picking up more shares, you might want to try doing the same.
Posted by successinstock on :
i bought more at .0018 and will buy more on dips. I cleared some cash and am ready to go.....
Posted by Relentless. on :
Ready to go where? To Da Moon ?
Posted by IMAKEMONEY on :
I took my bag and buried it in the backyard, hope it grows.yes i know my spelling s-cks.lol
Posted by Relentless. on :
Too many people have been burned by this one for it to run again.. maybe a quick pop here and there on the way down. They'll end up doing a reverse split/ cusip# change/ Ticker change in an effort to avoid that nasty reputation they have.
Posted by IMAKEMONEY on :
Posted by sonic0boom on :
Oh right ... I forgot that people only buy the penny stocks where everyone has made money on it.
Posted by TalonSin on :
I emailed ameritrade asking for an explaination why they wont trade PLNI. Here is their response.
"TD AMERITRADE has made a business decision to restrict trading in this security in an effort to protect our clients and our firm.
According to pinksheets.com:
Pink Sheets believes adequate current information must be publicly available during any period that the issuer or affiliates of the issuer are directly or indirectly engaged in promotional activities having the effect of encouraging trading of the issuer's securities in the OTC market. Pink Sheets has observed that such promotional activities are occurring for this security, but that adequate current information may not be available. Consequently, Pink Sheets has removed the quotes from this website until such information is made available by the issuer to the investing community. investors are encouraged to use care and due diligence in their investment decisions."
Posted by Chopper on :
Very old news talon and TDA now allows trading. No problems here or with Scottrade or E-trade.
Posted by successinstock on :
Talon...call TDA and place a trade. I have. Let us know what you find out.
Posted by bobcat88 on :
Plasticon Announces That Its FY 2005 First, Second and Third Quarter Financial Statements Have Been Filed With the SEC; Plasticon's Auditing Firm States FY 2005 Audited Financials to Be Completed and Filed in August
LEXINGTON, KY, Aug 03, 2006 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) announced today that the Company's auditing firm has completed the reviews for the first, second and third quarters for FY 2005, and that the audited financial statements for the first three quarters of 2005 have now been filed with the SEC.
According to Jim Turek, President and CEO of Plasticon International, Inc., "Jim Berger, principal of Mendoza & Berger, Plasticon's auditor of record, has written a letter informing the Company that all three quarters for 2005 have been reviewed and filed with the SEC. Additionally, Mr. Berger stated in his letter that the 2005 audit will be completed shortly. (For reference, please see a copy of the letter from Mendoza and Berger enclosed with this release). While the completion of this work does not allow the Company to achieve a timely filing of its periodic reports as required by the Securities Exchange Act of 1934, the Company is working to implement practices that will allow it to become timely in meeting its filing obligations in the future."
Mr. Turek also stated that, "We are pleased to be turning the corner and closing this chapter in the company's history so that we can look forward to focusing on growing the business. The completion of the 2005 audit opens many doors for the Company and will finally allow Plasticon to address the issue of reducing the share structure of the corporation through its anticipated buyback program."
Posted by Chopper on :
From the Green Baron
August 3, 2006
Special Update
Plasticon Intl. (PK: PLNI)
News Alert: Press Release Just Issued Pre- Market Open
Plasticon Announces that its FY 2005 First, Second and Third Quarterly Financial Statements Filed with the SEC; Plasticon’s Auditing Firm states FY 2005 Audited Financials to be completed and filed in August
This is Plasticon’s first official press release since the end of May, and the delay in announcing new developments has caused the stock to continue to suffer. PLNI traded at a new year low yesterday at .0016 per share and closed the day at .0019 per share. The drop in PLNI since the end of January when it hit over .01 per share has been slow and painful to all shareholders.
Although The Green Baron Report expected Plasticon to submit its 2005 audit by the end of July, it appears we may be only off by less than two weeks. Plasticon’s auditor of record now believes it can complete the necessary filing about mid-August. The completed audit is extremely important to the future of Plasticon because we believe it will allow the Company to move forward on its share buyback plan as well as a slew of other aggressive plans intended to benefit the shareholders.
CEO Jim Turek and Senior Consultant Bill Howe remain committed to delivering on their promises to the shareholders. It is understood that the audit has probably taken over a year longer to complete than was originally forecast by the Company. The list of naysayers that said PLNI would never complete an audit is long. Plasticon intends to slowly rebuild its reputation back over time, and hopefully our members who have held the stock will see a day by day increase over the balance of the year.
The road ahead will not be easy. Plasticon seems to have created some enemies through making promises in the past that either were not kept or took a long time to deliver. We hope the press release today marks a new path for Plasticon. We believe Mr. Turek wants to deliver a huge volume of new, innovative products to the market through Plasticon, and now he is in a better position than ever to make that happen.
Due to the additional time it has taken to report these numbers, The Green Baron Report’s exclusive webcast with Mr. Turek originally expected to be released this week will take a few extra business days. We anticipate we will be able to make the interview available about the middle of next week. We apologize for the slight delay, but understand we want to make this interview as complete as possible. Please look for this interview as well as our next new pick that will be released on Wednesday, August 9 at www.*************.com.
LEXINGTON, Ky., August 3, 2006 -- Plasticon International Inc. (Other OTC - PLNI.PK - News) announced today that the Company’s auditing firm has completed the reviews for the first, second and third quarters for FY 2005, and that the audited financial statements for the first three quarters of 2005 have now been filed with the SEC.
According to Jim Turek, President and CEO of Plasticon International, Inc., “Jim Berger, principal of Mendoza & Berger, Plasticon’s auditor of record, has written a letter informing the Company that all three quarters for 2005 have been reviewed and filed with the SEC. Additionally, Mr. Berger stated in his letter that the 2005 audit will be completed shortly. (For reference, please see a copy of the letter from Mendoza and Berger enclosed with this release). While the completion of this work does not allow the Company to achieve a timely filing of its periodic reports as required by the Securities Exchange Act of 1934, the Company is working to implement practices that will allow it to become timely in meeting its filing obligations in the future.”
Mr. Turek also stated that “we are pleased to be turning the corner and closing this chapter in the company’s history so that we can look forward to focusing on growing the business. The completion of the 2005 audit opens many doors for the Company and will finally allow Plasticon to address the issue of reducing the share structure of the corporation through its anticipated buyback program.”
About Plasticon International, Inc.
Plasticon International (xxx. plasticonintl. com) designs, produces, and distributes high-quality concrete accessories, transportation signage, and plastic lumber 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 3288 Eagle View Lane, Suite 290 Lexington, Kentucky 40509 web site: xxx. plasticonintl .com
Contact Investor Relations: Andrea Cox Ph: 866 843 2775
Posted by YellowSubmarine on :
Plasticon Announces That Its FY 2005 First, Second and Third Quarter Financial Statements Have Been Filed With the SEC; Plasticon's Auditing Firm States FY 2005 Audited Financials to Be Completed and Filed in August
LEXINGTON, KY, Aug 03, 2006 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) announced today that the Company's auditing firm has completed the reviews for the first, second and third quarters for FY 2005, and that the audited financial statements for the first three quarters of 2005 have now been filed with the SEC.
According to Jim Turek, President and CEO of Plasticon International, Inc., "Jim Berger, principal of Mendoza & Berger, Plasticon's auditor of record, has written a letter informing the Company that all three quarters for 2005 have been reviewed and filed with the SEC. Additionally, Mr. Berger stated in his letter that the 2005 audit will be completed shortly. (For reference, please see a copy of the letter from Mendoza and Berger enclosed with this release). While the completion of this work does not allow the Company to achieve a timely filing of its periodic reports as required by the Securities Exchange Act of 1934, the Company is working to implement practices that will allow it to become timely in meeting its filing obligations in the future."
Mr. Turek also stated that, "We are pleased to be turning the corner and closing this chapter in the company's history so that we can look forward to focusing on growing the business. The completion of the 2005 audit opens many doors for the Company and will finally allow Plasticon to address the issue of reducing the share structure of the corporation through its anticipated buyback program."
About Plasticon International, Inc.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, and plastic lumber 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 3288 Eagle View Lane, Suite 290 Lexington, Kentucky 40509 web site: www.plasticonintl.com Contact Investor Relations: Andrea Cox Ph: 866 843 2775 SOURCE: Plasticon International, Inc. CONTACT: http://www.plasticonintl.com
.
Posted by rowdyroddypiper on :
quote:Originally posted by TalonSin: Can anyone tell me why Ameritrade will no longer trade this company?
Because Plasticon - Jim Turek - sucks!!!
TRUST ME!!
Posted by Bearclaw on :
Now there's an educated post...1st one too...must have got booted from RB...
Posted by IMAKEMONEY on :
lol
Posted by rowdyroddypiper on :
I have a very good source in one of their purchased companies and Plasticon is a mess - Turek is a NUTBALL!
Posted by Chopper on :
The First Person we don't trust is the one that says TRUST ME! Trust NO ONE! Do your own DD. AND FYI you can buy PLNI from TDA. Even if you have to call it in. That's all we need is more useless Garbage on this thread.
Posted by rowdyroddypiper on :
I respect what you say Chopper - I like you. The fact of the matter is that Plasticon is a true mess. I could tell you some stories that you would absolutely not believe.
Posted by rowdyroddypiper on :
"A unique feature of all Plasticon products is that they are of the highest quality, yet do not require virgin raw material. Using recycled materials significantly reduces the cost of manufacturing"
That's a quote directly from their website. From what I get from my source, it's not cheap for that reason. It's cheap because Turek is squeezing his newly aquired company dry and when they go out of business because of that - so will Plasticon.
Posted by successinstock on :
who is your source rowdy?.....Is it from Promold or Semco?....or don't you believe that PLNI actually owns them....lol
Posted by rowdyroddypiper on :
I would rather not say...I don't want to get anyone in trouble. Yes they do officially own them. Not since December, but they do now.
Posted by successinstock on :
of course you wouldn't say.....let not get anyone into trouble...lol...it is hard to keep all you guys straight....like a bunch of mosquitos.
Posted by Bearclaw on :
How can you respect Chopper...You just got here...unless your someone who got booted from here and came in with a new member name...Come on...spill the beans ...
Posted by rowdyroddypiper on :
If I start talking too much someone could lose their job. Chopper has visited the place that my friend works. This is my first time on here because I wanted to see what the stockholders were saying about Turek. This guy has a serious mental problem and is on his way to putting my friend and the rest of the company out of a job.
Posted by Bearclaw on :
OK Momo...hahahaha...funny sheet....
You always show your stripes...try another approach or send one of your cherubs...Elliot Ness is coming to New York mumu...
Posted by rowdyroddypiper on :
Okay, not sure what that meant. What do you want to know to prove that I know what I am talking about? I know a hell of a lot more than you about what is going on inside Plasticon.
Posted by bobcat88 on :
Here we go again!!!!!!!!!!Some one get ahold of State780. Sure he'd like to be part of this as well.
Posted by rowdyroddypiper on :
Who is State780? Whatever...you guys don't have to believe me. That's fine just tryin to help.
Nevermind.
[ August 03, 2006, 16:52: Message edited by: rowdyroddypiper ]
Posted by bobcat88 on :
We have all been in this for a while and you come here and start flinging poo, gonna ruffle some feathers without some credibility behind it.
Posted by rowdyroddypiper on :
I'm flingin poo because I'm pissed. It' absurd what's going on in that company. What credibility do you want?
Posted by BooDog on :
so is it good to have a conspiracy stock in your portfolio?
Posted by Chopper on :
Just PM me with the proof info. I can verify very easy and rather quickly If my golfing buddies aren't out on the course due to the heat. Why did you Pick the name rowdyroddypiper? I know the guy or maybe not, you never know ... He would have contacted me directly.
quote:Originally posted by rowdyroddypiper: Okay, not sure what that meant. What do you want to know to prove that I know what I am talking about? I know a hell of a lot more than you about what is going on inside Plasticon.
Posted by Chopper on :
Sorry about the repeat.
[ August 03, 2006, 16:56: Message edited by: Chopper ]
Posted by rowdyroddypiper on :
How do I pm you, Chopper? Hell, I'll call you if it stays confidential.
Posted by Chopper on :
Darn repeat again...Goofy internet.
[ August 03, 2006, 16:57: Message edited by: Chopper ]
Posted by Bearclaw on :
See the picture of an envelope with the picture of 2 people standing next to it...at the top of Choppers post? Click on that and send him a PM...Chopper...get hold of me if this guy PM's you...
quote:Originally posted by rowdyroddypiper: How do I pm you, Chopper? Hell, I'll call you if it stays confidential.
Posted by rowdyroddypiper on :
I think I sent it correctly. let me know.
Posted by Chopper on :
Roddy You have a PM.
Posted by rowdyroddypiper on :
.
[ August 03, 2006, 17:32: Message edited by: rowdyroddypiper ]
Posted by IMAKEMONEY on :
Well Chopper, Is roddy right???
Posted by Chopper on :
He did not disclose anything to me Money. He is concerned that this could bite his friend on the rump that he says works somewhere in the PLNI organization. I will follow up and report what I can. Sooooo no proof one way or another. Sorry guy.
Posted by Bearclaw on :
Chopper...
If he doesn't give you his phone number and name then I would write it off as BS...I don't buy the friend at Pro Mold...no one needs the friends name...just Rowdypipers name and number dealing confidentially with you...I know you will post that converstion appropriately... but...not buying this Chop...sorry......
You have been to Pro Mold so you know first hand...the facility is running great and the former owner is staying on to insure a smooth transition. There are new molds and production is now running three shifts...My understanding is there are backorders for a few months as the production lines are cranking out product...This is only ProMold and not Semco...
If there is a shadow disgruntled friend he may want to consider his own options instead of beeching to a new internet poster...There are appropriate ways to blow the whistle and an internet site for investors is not the place...if he's a bright guy he knows this...or...he can get his butt to work to change things that he sees wrong...Nope ...somethings very wrong here buddy...Hope you get to the bottom of this...Will wait to hear from you...
Posted by will on :
This is almost getting as good as CMKX WAS.
Keep this up and you'll have time on afternoon TV, and even might become one of the highest rated Soaps !
Posted by Bearclaw on :
Funny Will...so try this real soap opera...
Tom from Buyins just called into *** on Stock Radio and reported that the...
Short Squeeze PPS on PLNI is .008 and...
The Short Interest is 795 million shares...
Now that's a lot of paper the MM's need to convert to real shares by buying PLNI...Tell the Worm to stick this up his worm hole ....
Posted by IMAKEMONEY on :
Chopper Member
Member Rated: posted August 03, 2006 09:10 PM -------------------------------------------------------------------------------- He did not disclose anything to me Money. He is concerned that this could bite his friend on the rump that he says works somewhere in the PLNI organization. I will follow up and report what I can. Sooooo no proof one way or another. Sorry guy. THANK YOU CHOPPER.
Posted by cottonjim on :
quote:Originally posted by rowdyroddypiper:
quote:Originally posted by TalonSin: Can anyone tell me why Ameritrade will no longer trade this company?
Because Plasticon - Jim Turek - sucks!!!
TRUST ME!!
Wasn't Plasticon Dr. Evils shell company to cover up his evil empire in Austin Powers? No, wait, that was Virtucon.. close enough.
Posted by Chopper on :
Chopper... Thanks for the post...looks like...It's official...All ProMold profits are Plasticons since Dec. 31st, 2005 or Jan 1st, 2006... I mean who was working New Years Eve hahahahah
Posted by Bearclaw on :
Posted by the honorable Chopper after the 1st quarter unaudited numbers were released...Looks like the audited numbers are close by given the release of all the SEC filings the past week or so...Here's the Management review of the 1st quarter 2006 to refresh our memories
posted May 27, 2006 12:12 PM -------------------------------------------------------------------------------- PLASTICON INTERNATIONAL, INC. Management’s Discussion and Review of Unaudited 2006 First Quarter Financial Statements A review of the first quarter of 2006 financial statements clearly reveals a breakout pattern for Plasticon International, Inc. in comparison to previous quarters. The Company has now begun its rollout of the former Georgia Pacific, now BlueLinx, exclusive national distribution contract. Balance Sheet: A review of the balance sheet will show an increase in accounts receivable of 800%, using only the first quarter of 2006 as compared to the entire FY of 2005. Total Assets: went from $6,233,569 to $8,454,879, increasing in the first quarter of 2006 alone by 27% vs. the entire FY 2005. Regarding the statement of operations, total revenues March 2006 vs. March 2005: Total revenues for the 2005 Quarter ending March 31st 2005 was $82,370 vs. total revenues for the 2006 Quarter ending March 31st 2006 was $1,830,534, which is a 2,222% increase in sales over the same quarterly period. In addition the first quarter comparison of numbers from FY 2006, vs. yearly numbers for FY 2005 shows signficant progress towards profitability. We anticipate the Company to continue to show earnings improvements throughout FY 2006. Gross profits for Q1 2005 was $79,860, vs. gross profit for Q1 2006 was $684,752, which is an increase of 859%. The gross profit margin in Q1 2005, was 4% vs. the gross profit margin for Q1 in 2006 was 37%. This reveals a substantial improvement in productivity and overall production operating efficiencies of the Company. In reviewing the $10,068,108 for operating expenses, the following factors have to be considered: The figure of $8,679,000, as referenced in the footnotes of the financial statements, number 13, page 6, Common Stock, paragraph 1, were incurred under the GAAP (Generally Accepted Accounting Principles) and FASB (Financial Accounting Standards Board) rules of beneficial interest expense. As the Company has described in the past, beneficial interest expense is not an operating expense. It is merely a bookkeeping entry reflected, due to the issuance of stock to the majority shareholder, for capital contributions made to the Company. If we remove the $8,679,000, from the $10,068,108 for total operating expenses, we arrive at a figure of $1,389,108, which is the actual operating expense of Q1 2006. When this is compared to the operating expense for Q1 2005 of $2,493,933, this represents a decrease in operating expenses of 56%. Loss From Operations: Again, as we review the loss from operations, we must factor in beneficial interest expense of $8,679,000 minus the $9,383,356 that is actually reflected in the financial statements, which leaves us with an actual loss from operations of $704,356. If we then compare the actual loss from operations in Q1 2006 of $704,356, vs. the loss from operations in Q1 2005 of $2,414,073, this is a decrease in loss from operations from Q1 2005 to Q1 2006 of 71%. Net Loss: Again, regarding net loss, we must remove the beneficial interest expense of $8,679,000 from the figure reflected in the financial statements of $9,437,270, which then gives us an actual net loss of $812,184. When we compare the actual net loss from Q1 2006 of $812,184, vs. the net loss of Q1 2005 of $2,507,552, this represents a decrease of 68%. Statements of Cash Flows: Again, under net loss, we must deduct the $8,679,000 of beneficial interest plus interest expense and other expense, and we arrive at a figure of $812,184. This is the actual net loss, after deducting for the beneficial interest expense, which as has been described, is a bookkeeping entry and not actual net loss. Outlook for the Future: An analysis of the financial statements reveals positive movement in every category of accounting. The Company has made significant progress toward profitability and will continue to move toward positive earnings per share. Plasticon has now begun its 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 has unmistakably swung to a favorable position for Plasticon International as we strive to grow the Company throughout the global marketplace.
Posted by Bearclaw on :
Here's the report link...again originally posted by Chopper...Can't hurt considering now that the ProMold buy out is official the Semco buy out must be very close along with all the SEC financial filings...Squeezzzeeee coming....
Ok Bearclaw, let's start with the share structure. According to their last "official" filing, they had an o/s of 2.4 billion out of a 5 billion a/s. That was as of September 2005, correct?
Posted by Bearclaw on :
Upside...
You have a PM...
Posted by will on :
You know Bear, I might not be in total dsiagreement with you regarding that there may be an opporunity here, in the SHORT TERM. True it can't get much lower, it saw its 52 week low, maybe its all time low at .0016. That being said it is good for a swing only, this is NOT a LONG TERM play, imo.
Past those facts, I don't need to be informed.
Posted by Upside on :
Bearclaw, forget it. I have no fight in this war. I'm leaving for vacation come Sunday and won't be here to debate you. All I can say is that from everything I have read on this stock, it's a dog and my hunch is that a lot of people have lost a lot of money because of non-stop pumping over the last year. If the stock actually was worth anything, the pps would reflect it. You can point to new developments and aquisitions as much as you like but it's still a garbage stock until the pps shows otherwise in my opinion. Maybe, just maybe it'll run a little bit but it's going to be damn short lived and it's never going to be what you hope.
As far as Will goes, yeah, I know him. We've both been here for almost three years now and we've been through stocks like these a few times together. No, I don't agree with everything he says but in this case, it's obvious that he was dead on. Instead of you and Chopper tearing him up with every one of his posts, why not try listening to him with an open mind? Follow some of his picks. You'll come to learn that he knows his stuff.
Posted by Murnak on :
PLASTICON INTERNATIONAL, INC. files Form 8-K, Current Report Aug 4 2006 4:44PM ET
upside....looks like will likes PLNI for a bounce here. Doesn't sound to me that he thinks PLNI is a garbage stock at the moment.
Posted by Upside on :
quote:Originally posted by successinstock: upside....looks like will likes PLNI for a bounce here. Doesn't sound to me that he thinks PLNI is a garbage stock at the moment.
Yeah, that's what I said. A bounce, but a very short lived on. Play the small run (if it happens) and get out.
Posted by Bearclaw on :
Will...
I've been swinging this stock for shares for over a year now...I do my own DD every day on PLNI...It has been and will be very good to me if what i believe is happening is true...we'll only know that in the future...No one can assure that with any stock...that's what DD is about...
There is much more here than this site discusses...Everyone has to make their own decisions...but...I listen much more to shareholders than anyone else and also share whatever DD I have via PM's, e-mails and phone calls...I consider them partners...
There aren't many folks in Pennyland who I trust so I do all almost all my own DD..If I trust the word of someone elses DD then I deserve to get burned...My own fault...Let me know if you're in and become a shareholder...GLTA
...
quote:Originally posted by will: You know Bear, I might not be in total dsiagreement with you regarding that there may be an opporunity here, in the SHORT TERM. True it can't get much lower, it saw its 52 week low, maybe its all time low at .0016. That being said it is good for a swing only, this is NOT a LONG TERM play, imo.
Past those facts, I don't need to _iconformed.
Posted by Bearclaw on :
Hey Success... So are you playing the short term in and out? We've been around too long for the short play hey??? I'm in till the fat lady sings ...I need college tuition for two hahahaha...Now don't mistake being in for the long haul with not trading at every opportunity to increase my position...Long but not stupid...How about you?
quote:Originally posted by successinstock: upside....looks like will likes PLNI for a bounce here. Doesn't sound to me that he thinks PLNI is a garbage stock at the moment.
Posted by Bearclaw on :
Good night folks...
Posted by BooDog on :
Did anyone read this 8K?
"The Note also provides that in the event that the Company terminates the employment of John P. Murphy, III, as President and Chief Executive Officer of Pro Mold without cause, all amounts owed under the Note shall be accelerated and shall immediately become due and payable to the Trust without further demand."
don't let him piss off the wrong person eh?
I find it almost humorous to be talking about the NASDAQ and the last para is about dilution. Good to go along with my cup of coffee.
[ August 05, 2006, 09:53: Message edited by: BooDog ]
Posted by IMAKEMONEY on :
Plasticon Announces That Its FY 2005 First, Second and Third Quarter Financial Statements Have Been Filed With the SEC; Plasticon's Auditing Firm States FY 2005 Audited Financials to Be Completed and Filed in August 8/3/2006
LEXINGTON, KY, Aug 03, 2006 (MARKET WIRE via COMTEX News Network) -- Plasticon International, Inc. (PINKSHEETS: PLNI) announced today that the Company's auditing firm has completed the reviews for the first, second and third quarters for FY 2005, and that the audited financial statements for the first three quarters of 2005 have now been filed with the SEC.
According to Jim Turek, President and CEO of Plasticon International, Inc., "Jim Berger, principal of Mendoza & Berger, Plasticon's auditor of record, has written a letter informing the Company that all three quarters for 2005 have been reviewed and filed with the SEC. Additionally, Mr. Berger stated in his letter that the 2005 audit will be completed shortly. (For reference, please see a copy of the letter from Mendoza and Berger enclosed with this release). While the completion of this work does not allow the Company to achieve a timely filing of its periodic reports as required by the Securities Exchange Act of 1934, the Company is working to implement practices that will allow it to become timely in meeting its filing obligations in the future."
Mr. Turek also stated that, "We are pleased to be turning the corner and closing this chapter in the company's history so that we can look forward to focusing on growing the business. The completion of the 2005 audit opens many doors for the Company and will finally allow Plasticon to address the issue of reducing the share structure of the corporation through its anticipated buyback program."
About Plasticon International, Inc.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, and plastic lumber 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 3288 Eagle View Lane, Suite 290 Lexington, Kentucky 40509 web site: www.plasticonintl.com Contact Investor Relations: Andrea Cox Ph: 866 843 2775
Copyright 2006 Market Wire, All rights reserved.
Posted by IMAKEMONEY on :
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
99.2 First Amendment to Share and Asset Purchase Agreement
99.3 Employment Agreement
99.4 Promissory Note
99.5 Stock Pledge Agreement
EXHIBIT 99.1
SHARE AND ASSET PURCHASE AGREEMENT
THIS SHARE AND ASSET PURCHASE AGREEMENT (the "Agreement") is entered into and effective as of December 5, 2005, by and between PLASTICON INTERNATIONAL, INC., a Wyoming corporation presently trading on the Electronic Pink Sheets (“ PLNI ”) and PRO MOLD, INC., a Missouri corporation (“ PMI ”) and the JOHN P. MURPHY III Revocable Trust No. 1 (the “ TRUST ”) and the 10315 LLC , a Missouri Limited Liability Company (the “ LLC ”).
1. RECITALS
This Agreement is entered into with reference to and in contemplation of the following facts, circumstances and representations:
1. The TRUST is the owner of 1,000 shares of the common stock of PMI which represent all of the issued and outstanding shares of PMI (the " PMI Shares").
2. The LLC is also the owner of certain assets utilized by PMI in the operation of its business (the “ LLC assets”) and which are more specifically described in the attached Schedule “A.”
3. PLNI desires to purchase both the PMI Shares and the LLC Assets in accordance with the terms and conditions of this Agreement.
2. TERMS AND CONDITIONS OF PURCHASE
2.1 Purchase Price for PMI Shares and LLC Assets : The purchase price for the acquisition of both the PMI Shares and the LLC Assets will be the sum of $3,500,000 (the “Purchase Price”) which will be payable as follows:
1. The cash sum of $2,500,000 payable to the Trust and LLC on December 20, 2005.
2. The balance of the Purchase Price of $1,000,000 payable to the Trust in the form of a Promissory Note (the “Note”) executed by PLNI , a copy of which (together with the Security Agreement described below) is attached hereto in Schedule “B.” and this Note shall be delivered to the Trust at the Closing. The Note shall be payable in equal monthly installments over a five year period beginning April 1, 2006, and shall bear an interest rate of five (5) percent per annum.
PLNI and PMI shall also execute and deliver to the TRUST the Security Agreement (attached hereto as part of Schedule “B”) to secure the Note which shall grant to secured party a security interest in the machinery and equipment of PMI and the proceeds thereof subject only to the prior
security interest of Regions Bank not to exceed the sum of $400,000. The Note and Security Agreement shall provide that in the event of PLNI ’s termination of the employment of John P. Murphy III (“ JPM” ) as President and CEO of PMI without cause as described in Paragraph 5 of the Employment Agreement attached hereto all amounts owed under the Note shall be accelerated and shall immediately become due and payable to the Trust without any further demand.
2.2 Allocation of Purchase Price : The Purchase Price for the PMI Shares and the LLC Assets shall be allocated as follows:
1. PMI Shares: $3,435,000.00
2. LLC Assets: $65,000.00
2.3 Bill of Sale for LLC Assets : At the Closing the LLC shall cause to be delivered to the Escrow Agent a Bill of Sale and Assignment for Purchased Assets for the LLC Assets which shall be in compliance with the laws of the State of Missouri (the “Bill of Sale”) and such other documents of conveyance as may be necessary to effectuate the transfer of title to the LLC Assets to PLNI . The LLC Assets as set forth in the Bill of Sale shall be those assets described in the attached Schedule “A.” A copy of the Bill of Sale is attached hereto.
3. REPRESENTATIONS AND WARRANTIES OF PLNI
PLNI represents and warrants to the LLC , PMI , the trust and jpm as follows:
3.1 Organization : PLNI is a corporation duly incorporated and validly existing under the laws of the State of Wyoming and is in good standing with respect to all of its regulatory filings.
3.2 Books and Records : All material transactions of PLNI have been promptly and properly recorded or filed in or with its books and records and the Minute Book of PLNI contains records of all meetings and proceedings of the shareholders and directors thereof.
3.3 Legal Compliance : To the best of its knowledge, PLNI is not in breach of any laws, ordinances, statutes, regulations, by-laws, orders or decrees to which PLNI is subject or which apply to it or any of its assets.
3.4 Tax Returns : All tax returns and reports of PLNI required by law to be filed prior to the date hereof have been filed and have been certified by its auditor as being substantially and materially true, complete and correct and all taxes and governmental charges have been paid.
3.5 Adverse Financial Events : To its best knowledge PLNI has not experienced nor is it aware of any occurrence or event which has had or might reasonably be expected to have a material adverse effect on its financial condition.
3.6 Disputes, Claims and Investigations : To its best knowledge there are no disputes, claims, actions, suits, judgments, investigations or proceedings outstanding or pending or to the
knowledge of PLNI threatened against or affecting PLNI at law or in equity or before or by any federal, state, municipal or other governmental department, commission, board, bureau or agency.
3.7 No Conflicts or Agreement Violations : The execution, delivery and performance of this Agreement and all documents referenced herein to be executed, delivered and performed by PLNI will not conflict with or be in violation of the articles or by-laws of PLNI or of any agreement to which PLNI is a party and will not give any person or company a right to terminate or cancel any agreement or right enjoyed by PLNI and will not result in the creation or imposition of any lien, encumbrance or restriction of any nature whatsoever in favor of a third party upon or against the assets of PLNI .
3.8 Corporate Authority : The officers or representatives of PLNI executing
this Agreement and all documents referenced herein to be executed by PLNI represent that they have been authorized to execute, deliver and perform this Agreement and all such documents to be executed, delivered and performed by PLNI and to carry out all the transactions contemplated thereunder, pursuant to a resolution of the Board of Directors of PLNI .
In the event PMI , the Trust, JPM and/or LLC has any claim, damages or liabilities suffered or incurred by them or asserted by a third party arising from a breach of any of the representations and warranties set forth in this Paragraph 3, PMI , the Trust and/or LLC shall give PLNI on or before June 30, 2006, written notice of any such claim, damages and/or liabilities together with a copy of any and all information available regarding any such claim, damages and/or liabilities. If such notice is not received by PLNI on or before June 30, 2006, any and all such claims, damages and liabilities shall be forever released and waived by PLNI . Time is of the utmost essence and shall be strictly construed.
4. REPRESENTATIONS OF THE LLC AND PMI
The TRUST and the LLC and PMI collectively and individually hereby represent and warrant to PLNI as follows:
4.1 Share Ownership : That the TRUST is the owner, beneficially and of record, of the PMI Shares and said shares are free and clear of all liens, encumbrances, claims, charges and restrictions except for those disclosed in writing by the TRUST to PLNI prior to the execution of this Agreement or as reflected in the financial Statements furnished by TRUST or PMI to PLNI as provided herein.
4.2 LLC Asset Ownership : That the LLC is the owner, beneficially and of record, of the LLC Assets and said assets are free and clear of all liens, encumbrances, claims, charges and restrictions except for those disclosed in writing by the LLC to PLNI prior to the execution of this Agreement and/or as reflected in the financial Statements furnished by PMI to PLNI as provided herein.
4.3 Transferability of PMI Shares : That the TRUST has full power to
transfer the PMI Shares to PLNI without obtaining the consent or approval of any other person or governmental authority.
4.4 Validly Issued and Authorized Shares : That the PMI Shares are validly authorized and issued, fully paid, and non-assessable, and the PMI Shares have been so issued in full compliance with all securities laws of the State of Missouri.
4.5 PMI Organization : PMI is a corporation duly incorporated and validly existing under the laws of the State of Missouri and is in good standing with respect to all of its regulatory filings.
4.6 Capitalization : The authorized capital of PMI consists of 30,000 common shares with a par value of $1.00 and of which 1,000 common shares are issued and outstanding as fully paid and non-assessable shares.
4.7 Financial Statements : PMI will have furnished to PLNI prior to the close of Escrow, audited financial statements for the period ending December 31, 2004 and unaudited financial statements for the period ending September 30, 2005. At the Closing the financial affairs of PMI will be materially and substantially the same as represented in these same financial statements and/or as otherwise disclosed in writing by PMI to PLNI prior to the execution of this Agreement.
4.8 Books and Records : All material transactions of PMI have been promptly and properly recorded or filed in or with its books and records and the Minute Book of PMI contains records of all meetings and proceedings of the shareholders and directors thereof.
4.9 Legal Compliance : To the best of its knowledge, PMI is not in breach of any laws, ordinances, statutes, regulations, by-laws, orders or decrees to which PMI is subject or which apply to it or any of its assets.
4.10 Tax Returns : All tax returns and reports of PMI required by law to be filed prior to the date hereof have been filed and have been certified by PMI ’s auditor as being substantially and materially true, complete and correct and all taxes and governmental charges have been paid.
4.11 Adverse Financial Events : To the best of its knowledge PMI has not experienced nor is it aware of any occurrence or event which has had or might reasonably be expected to have a material adverse effect on its financial condition.
4.12 Disputes, Claims and Investigations : To the best of its knowledge there are no disputes, claims, actions, suits, judgments, investigations or proceedings outstanding or pending or to the knowledge of PMI threatened against or affecting PMI at law or in equity or before or by any federal, municipal or other governmental department, commission, board, bureau or agency.
4.13 Employee Liabilities : To the best of its knowledge PMI has no liability to former employees or any liability to any government authorities with respect to current or former employees.
4.14 No Conflicts or Agreement Violations : The execution, delivery and performance of this Agreement and all documents referenced herein to be executed, delivered and performed by PMI will not conflict with or be in violation of the Articles of Incorporation of PMI or of any agreement to which PMI is a party and will not give any person or company a right to terminate or cancel any agreement or right enjoyed by PMI and will not result in the creation or imposition of any lien, encumbrance or restriction of any nature whatsoever in favor of a third party upon or against the assets of PMI .
Posted by successinstock on :
no bear holding long here....actually been adding....
if it goes down more....i will add accordingly.
gl
Posted by Chopper on :
Tom from Buy ins dot net still has plni cumulatively SHORT 795,000,000 shares. Squeeze trigger .0078-.008. This is as of August 4th 2006. That sure seems like a bunch of shares short to me.
It's a shame when companies really need to dilute to buy capital equipment or use the proceeds for acquisitions that the shorters jump right in and try to destroy the company with bad paper shorting the stock driving the pps lower and lower; Knowing darn well that the company must continue untill they reach the dollars needed for that particular purchase. Just seems criminal to me and could cause ENDLESS DELAYS in projects for these penny companies or worse yet, send them into BK. JMO
Posted by YellowSubmarine on :
quote:Originally posted by successinstock: no bear holding long here....actually been adding....if it goes down more....i will add accordingly. gl
Now that "..sounds like a plan.."!!! I'm doing the same thing.
With the very real potential for the CPA certified Audit hitting the Street in the net 10 days, and Preferred-for-Common share swaps, Buy-Backs, and Share Retirements all a distinct possibility in the near term, the BashHoles and their sleazy employers could be in for a really rough go of it. Yeah, I know, ...it breaks my heart too. "..Tee hee....
YS, you've been pumping this stock for years now.. all the while it has gone lower and lower. Do you feel any guilt at all about the money lost by people who have bought this stock on your suggestion?
Posted by Carrie on :
Chopper,
would it be possible if you could please provide the link to this latest report?
quote:Originally posted by Chopper: Tom from Buy ins dot net still has plni cumulatively SHORT 795,000,000 shares. Squeeze trigger .0078-.008. This is as of August 4th 2006. That sure seems like a bunch of shares short to me.
It's a shame when companies really need to dilute to buy capital equipment or use the proceeds for acquisitions that the shorters jump right in and try to destroy the company with bad paper shorting the stock driving the pps lower and lower; Knowing darn well that the company must continue untill they reach the dollars needed for that particular purchase. Just seems criminal to me and could cause ENDLESS DELAYS in projects for these penny companies or worse yet, send them into BK. JMO
Posted by Carrie on :
Relentless
the poster Yellowsubmarine writes similar to someone else on other boards...
do he have another alias on other boards?
quote:Originally posted by Relentless.: YS, you've been pumping this stock for years now.. all the while it has gone lower and lower. Do you feel any guilt at all about the money lost by people who have bought this stock on your suggestion?
Posted by Relentless. on :
his name is also jmhollen on a few other boards.. He's been promoting PLNI for years and has been exposed as a profesional promoter paid for by PLNI indirectly.
Posted by Chopper on :
I wish I could post a link. Tom was featured on MN 1 and did an on the spot report of PLNI and 6 other stocks on Friday.
quote:Originally posted by Carrie: Chopper,
would it be possible if you could please provide the link to this latest report?
quote:Originally posted by Chopper: Tom from Buy ins dot net still has plni cumulatively SHORT 795,000,000 shares. Squeeze trigger .0078-.008. This is as of August 4th 2006. That sure seems like a bunch of shares short to me.
It's a shame when companies really need to dilute to buy capital equipment or use the proceeds for acquisitions that the shorters jump right in and try to destroy the company with bad paper shorting the stock driving the pps lower and lower; Knowing darn well that the company must continue untill they reach the dollars needed for that particular purchase. Just seems criminal to me and could cause ENDLESS DELAYS in projects for these penny companies or worse yet, send them into BK. JMO
Posted by Carrie on :
Aren't there monthly reports on shorts that are issued by this guy?
Has he stopped issuing the reports?
quote:Originally posted by Chopper: I wish I could post a link. Tom was featured on MN 1 and did an on the spot report of PLNI and 6 other stocks on Friday.
quote:Originally posted by Carrie: Chopper,
would it be possible if you could please provide the link to this latest report?
quote:Originally posted by Chopper: Tom from Buy ins dot net still has plni cumulatively SHORT 795,000,000 shares. Squeeze trigger .0078-.008. This is as of August 4th 2006. That sure seems like a bunch of shares short to me.
It's a shame when companies really need to dilute to buy capital equipment or use the proceeds for acquisitions that the shorters jump right in and try to destroy the company with bad paper shorting the stock driving the pps lower and lower; Knowing darn well that the company must continue untill they reach the dollars needed for that particular purchase. Just seems criminal to me and could cause ENDLESS DELAYS in projects for these penny companies or worse yet, send them into BK. JMO
Posted by Carrie on :
Chopper
Are you talking about PLNI diluting its shareholders in order to buy capital equipment and pay for acquisitions?
quote:Originally posted by Chopper: Tom from Buy ins dot net still has plni cumulatively SHORT 795,000,000 shares. Squeeze trigger .0078-.008. This is as of August 4th 2006. That sure seems like a bunch of shares short to me.
It's a shame when companies really need to dilute to buy capital equipment or use the proceeds for acquisitions that the shorters jump right in and try to destroy the company with bad paper shorting the stock driving the pps lower and lower; Knowing darn well that the company must continue untill they reach the dollars needed for that particular purchase. Just seems criminal to me and could cause ENDLESS DELAYS in projects for these penny companies or worse yet, send them into BK. JMO
Posted by Chopper on :
I really do not want to be rude by any stretch Carrie, so don't take it this way. There is so much to this story I would need several pages of space to just touch on the timeline of what has happened with company. Please go thru the various threads and check out the DD. Thanks and GLTY
Posted by Carrie on :
But Chopper,
I asked a very simple question. I don't need 300 pages to read in order to answer my simple question:
"Chopper
Are you talking about PLNI diluting its shareholders in order to buy capital equipment and pay for acquisitions?"
quote:Originally posted by Chopper: I really do not want to be rude by any stretch Carrie, so don't take it this way. There is so much to this story I would need several pages of space to just touch on the timeline of what has happened with company. Please go thru the various threads and check out the DD. Thanks and GLTY
Posted by Chopper on :
Slick Carrie slick, just not in the mood for silly debating. Read the threads and filings. Now time for Family. Enjoy the rest of your weekend with yours. GLTY
Posted by Carrie on :
Chopper
OK, I understand. I guees this message board is not intended to debate the positives and negatives of a stock.
Just for the record,
I was trying to understand what you were saying when you posted the following message:
"Tom from Buy ins dot net still has plni cumulatively SHORT 795,000,000 shares. Squeeze trigger .0078-.008. This is as of August 4th 2006. That sure seems like a bunch of shares short to me.
It's a shame when companies really need to dilute to buy capital equipment or use the proceeds for acquisitions that the shorters jump right in and try to destroy the company with bad paper shorting the stock driving the pps lower and lower; Knowing darn well that the company must continue untill they reach the dollars needed for that particular purchase. Just seems criminal to me and could cause ENDLESS DELAYS in projects for these penny companies or worse yet, send them into BK. JMO "
quote:Originally posted by Chopper: Slick Carrie slick, just not in the mood for silly debating. Read the threads and filings. Now time for Family. Enjoy the rest of your weekend with yours. GLTY
Posted by Bearclaw on :
Not to try and read the Honorable Choppers mind...but...
I'm reading that he gave the numbers PLNI is shorted....
...and then started talking about the possible down side of shorting for companies in general ...I didn't read this as an opinion on PLNI just a general condition... "It's a shame when companies"....IMO
Posted by Carrie on :
Bearclaw,
Ok thank you. So there are now 795 million PLNI shares shorted and not the 183,755 shares that were released from the official source, otcbb?
Short Interest Percent Change Average Daily Share Volume Days to Cover 183,755 100.00 12,760,003 1.00
quote:Originally posted by Bearclaw: Not to try and read the Honorable Choppers mind...but...
I'm reading that he gave the numbers PLNI is shorted....
...and then started talking about the possible down side of shorting for companies in general ...I didn't read this as an opinion on PLNI just a general condition... "It's a shame when companies"....IMO
Posted by Bearclaw on :
Yepper...big difference...Chopper's talking about the entire short position accumulated...
You are quoting the Short Interest for July 2006 only...
This is the second post I've had to interpret what you are reading...Please read carefully... thanks
Short Interest for July 2006
Short Interest Percent Change Average Daily Share Volume Days to Cover 183,755 100.00 12,760,003 1.00
Posted by BooDog on :
Sent an e-mail to ask about expected share structure, we'll see what I get back.
Posted by BooDog on :
reply received at 1150. told to call the toll free #.
Posted by Carrie on :
Bearclaw
I have read and the otcbb July short interest figure is the TOTAL short interest as of that date. This total also includes all naked shorts....
It is you that is wrong...
please take some time and read the website a little more
What I don't understand is that you would post that it is an August 4th figure.
quote:Originally posted by Chopper: I wish I could post a link. Tom was featured on MN 1 and did an on the spot report of PLNI and 6 other stocks on Friday.
quote:Originally posted by Carrie: Chopper,
would it be possible if you could please provide the link to this latest report?
quote:Originally posted by Chopper: Tom from Buy ins dot net still has plni cumulatively SHORT 795,000,000 shares. Squeeze trigger .0078-.008. This is as of August 4th 2006. That sure seems like a bunch of shares short to me.
It's a shame when companies really need to dilute to buy capital equipment or use the proceeds for acquisitions that the shorters jump right in and try to destroy the company with bad paper shorting the stock driving the pps lower and lower; Knowing darn well that the company must continue untill they reach the dollars needed for that particular purchase. Just seems criminal to me and could cause ENDLESS DELAYS in projects for these penny companies or worse yet, send them into BK. JMO
Posted by Chopper on :
This is why. Tom Roc said on a live broadcast on August 4th, 2006 that the playing field hasn't changed and the short interest is still valid.
[QUOTE]Originally posted by Chopper: [QB] Tom from Buy ins dot net still has plni cumulatively SHORT 795,000,000 shares. Squeeze trigger .0078-.008. This is as of August 4th 2006. That sure seems like a bunch of shares short to me.
Posted by Carrie on :
Chopper,
It seems that you really don't know what "short interest" is.
You state that "the short iterest is still valid" implying the 795 million share figure from this Tom Roc guy.
Take some time and review one of Tom Roc's reports and see if you can find the term "short interest", you can't, because he is not talking about short interest as you have misquoted him below.
"Short Interest" is the total amount of short shares that are OUTSTANDING at any point in time.
Tom Roc's figures report the "total aggregate number of shares shorted in a reported time period". Tom's figures are theoretical and do not take into account any amounts that have been bought into...
The official otcbb figures, on the other hand, correctly label their figures "short interest" since they are the TOTAL AMOUNT OF SHORT SHARES OUTSTANDING as of a certain point in time.
I hope this helps you better understand so that next time you don't mislead the readers of this message board.
quote:Originally posted by Chopper: This is why. Tom Roc said on a live broadcast on August 4th, 2006 that the playing field hasn't changed and the short interest is still valid.
[QUOTE]Originally posted by Chopper: [QB] Tom from Buy ins dot net still has plni cumulatively SHORT 795,000,000 shares. Squeeze trigger .0078-.008. This is as of August 4th 2006. That sure seems like a bunch of shares short to me.
Posted by Chopper on :
As ussual your assesment is Wrong and I did not mis-quote Tom.
The total short interest is exactly what Tom from buy ins stated and the cumulative has not been covered yet. He also stated that the short interest reported by the NASDAQ is the amount that is shorted that one day and one day ONLY. Last report was on July 10th. I just reported what he said, I didn't write it. Call the guy yourself and let him explain it to you as your seem to be incapable to understand here.
I hope this helps you better understand so that next time you don't accidently mislead the readers of this message board or take such a nasty posture. GLTY
Posted by Bearclaw on :
This Carrie guy is copping an attitude chopper...plus he's a new guy with only 15 post...What's the deal with that?
Posted by Carrie on :
Chopper
your statements are completely false. Again, read one of Tom's reports. There is no "short interest" mentioined.
You are wrong on the otcbb short interest figures. They are not what was shorted in one day. They are the total amount of shorted shares OUTSTANDING as of that day.
Can you imagine if the otcbb short interest figure was the amount of shares shorted during that day as you state?....you could not conclude anything and the data would be worthless - one day you could have zero shares shorted and the next you could have 10 million shares shorted....
Again, you are way off on your statements and now you are misrepresenting Tom....
Please do some research on this matter
quote:Originally posted by Chopper: As ussual your assesment is Wrong and I did not mis-quote Tom.
The total short interest is exactly what Tom from buy ins stated and the cumulative has not been covered yet. He also stated that the short interest reported by the NASDAQ is the amount that is shorted that one day and one day ONLY. Last report was on July 10th. I just reported what he said, I didn't write it. Call the guy yourself and let him explain it to you as your seem to be incapable to understand here.
I hope this helps you better understand so that next time you don't accidently mislead the readers of this message board or take such a nasty posture. GLTY
Posted by Bearclaw on :
Month Total Vol. Short Vol. Avg. Price Short $ Value ----- ---------- ---------- ---------- ------------- January ’05 99,733,360 7,679,469 $0.003 $ 23,038 February 162,740,080 12,530,986 $0.003 $ 35,087 March 69,280,392 5,334,590 $0.003 $ 15,470 April 105,720,168 8,140,453 $0.003 $ 23,607 May 1,030,887,616 79,378,346 $0.011 $ 849,348 June 639,579,456 49,247,618 $0.015 $ 753,489 July 450,594,752 34,695,796 $0.015 $ 530,846 August 429,448,672 33,067,548 $0.013 $ 423,265 September 423,765,856 32,629,971 $0.013 $ 437,242 October 462,601,408 35,620,308 $0.010 $ 370,451 November 964,371,008 74,256,568 $0.007 $ 534,647 December 940,215,360 72,396,583 $0.005 $ 383,702 January ’06 2,114,025,728 162,779,981 $0.005 $ 862,734 February 1,082,063,104 83,318,859 $0.007 $ 541,573 March 658,098,944 50,673,619 $0.006 $ 298,974 April 678,449,664 52,240,624 $0.005 $ 261,203 May 92,029,720 7,086,288 $0.004 $ 31,180
Total: 10,403,605,288 793,991,319 $0.008 $6,375,856
Posted by Bearclaw on :
So as of May 2006 the total was...
793,991,319 at $.008
Posted by Carrie on :
Chopper,
With all those hundreds of millions of PLNI shares that you claim are short, why is it that as of August 4, 2006 PLNI is not included on this Regulation SHO/NASD Rule 3210 Threshold Security List?
Regulation SHO/NASD Rule 3210 Threshold Security List A threshold security is any equity security that has a significant fail to deliver position for at least 5 business days. The threshold qualifications are different for SEC reporting issuers and non-SEC reporting issuers. This difference is largely due to the fact that reliable outstanding share information in not universally available for non-SEC reporting issuers.
Regulation SHO defines threshold securities as any equity security of an issuer that is registered under Section 12, or that is required to file reports pursuant to Section 15(d) and where, for five consecutive settlement days:
there are aggregate fails to deliver at a registered clearing agency of 10,000 shares or more per security; and the level of fails is equal to at least one-half of one percent of the issuer's total shares outstanding
NASD Rule 3210 defines threshold securities as any equity security of an issuer that is not an SEC reporting security and, for five consecutive settlement days, has:
aggregate fails to deliver at a registered clearing agency of 10,000 shares or more; and a reported last sale during normal market hours (9:30 a.m. to 4 p.m., ET) for the security on that settlement day that would value the aggregate fail to deliver position at $50,000 or more.
A security ceases to be a threshold security if it does not exceed the specified level of fails for five consecutive settlement days.
Contact Information
For Investors:
Email your inquiry to Pink Sheets at info*pinksheets.com. Call the SEC's office of Investor Education and Assistance at 800.SEC.0330. File complaints at http://www.www.sec.gov/complaints.shtml. Send specific enforcement-related information to enforcement*sec.gov. For Issuers:
Contact Pink Sheets’ Issuer Services at 212.896.4420 or by email at issuerservices*pinksheets.com
Threshold Security List as of Fri, Aug 4, 2006 (A New Threshold Security List is published on each settlement day)
Symbol Security Name Venue Reg SHO Threshold Flag Rule3210 Flag AAAC ASIA AUTOMOTIVE ACQUISITION CO OTCBB Y N ABLSQ ABLE LABORATORIES INC Pink Sheets Y N ABSY ABSOLUTESKY INC COM STK Pink Sheets Y N . . . .
OVEN TURBOCHEF TECHNOLOGIES, INC (N Nasdaq Y N PAGI PEMCO VIATION GROUP INC Nasdaq Y N PARL PARLUX FRAGRANCES INC Nasdaq Y N PEIX PACIFIC ETHANOL, INC. Nasdaq Y N PEYUF PEYTO ENERGY TRUST UNITS (CDA) Other OTC N Y PGDP PARAMOUNT GOLD MINING CORP COM Pink Sheets N Y PHLI PACIFICHEALTH LABS INC OTCBB Y N PNPFF PINETREE CAPITAL LTD Other OTC N Y PNRR PINNACLE RESOURCES INC Pink Sheets Y N PRAN PRANA BIOTECHNOLOGY LTD Nasdaq Y N PTJRY PETROJARL ASA SPONSORED ADR (N Other OTC N Y PTSAJ CITIGROUP GLOBAL FNDG PRIN PRO Other OTC N Y . . .
quote:Originally posted by Chopper: As ussual your assesment is Wrong and I did not mis-quote Tom.
The total short interest is exactly what Tom from buy ins stated and the cumulative has not been covered yet. He also stated that the short interest reported by the NASDAQ is the amount that is shorted that one day and one day ONLY. Last report was on July 10th. I just reported what he said, I didn't write it. Call the guy yourself and let him explain it to you as your seem to be incapable to understand here.
I hope this helps you better understand so that next time you don't accidently mislead the readers of this message board or take such a nasty posture. GLTY
Posted by Carrie on :
Bearclaw,
thank you
what you have shown us is the number of PLNI shares, that have been shorted theoritically, during each month from Jan 2005 to May 2006, according to this Tom fella.
You have not shown how many have been covered.
thanks
quote:Originally posted by Bearclaw: Month Total Vol. Short Vol. Avg. Price Short $ Value ----- ---------- ---------- ---------- ------------- January ’05 99,733,360 7,679,469 $0.003 $ 23,038 February 162,740,080 12,530,986 $0.003 $ 35,087 March 69,280,392 5,334,590 $0.003 $ 15,470 April 105,720,168 8,140,453 $0.003 $ 23,607 May 1,030,887,616 79,378,346 $0.011 $ 849,348 June 639,579,456 49,247,618 $0.015 $ 753,489 July 450,594,752 34,695,796 $0.015 $ 530,846 August 429,448,672 33,067,548 $0.013 $ 423,265 September 423,765,856 32,629,971 $0.013 $ 437,242 October 462,601,408 35,620,308 $0.010 $ 370,451 November 964,371,008 74,256,568 $0.007 $ 534,647 December 940,215,360 72,396,583 $0.005 $ 383,702 January ’06 2,114,025,728 162,779,981 $0.005 $ 862,734 February 1,082,063,104 83,318,859 $0.007 $ 541,573 March 658,098,944 50,673,619 $0.006 $ 298,974 April 678,449,664 52,240,624 $0.005 $ 261,203 May 92,029,720 7,086,288 $0.004 $ 31,180
yes, so the cumulative amount of shares that were shorted each month, according to Tom's theoretical numbers, from January 2005 to May 2006 was about 794 million.
this does NOT show how many of these shorts were covered, and therefore it does NOT show the amount of PLNI short shares that are OUTSTANDING as of May.
accoding to otcbb, as of July 14, 2006 there were ONLY 183,755 PLNI short shares that were OUTSTANDING (therefore labeled "short interest")
quote:Originally posted by Bearclaw: So as of May 2006 the total was...
793,991,319 at $.008
Posted by Bearclaw on :
Carrie...( my sisters name...she spells it Kerry)
So you think that 793,991,319 shorted shares have been covered? Are you following the volume the past couple months...
Get real here OK? What is your agenda? You came in here challanging Chopper...one of the most knowledgable and respected posters...What's the deal with that? Your challanging numbers that are pretty solid across all the boards except with those who have shorted this stock and have a self serving interest...
Every time shorts come to this site to shake out shares they go after Chopper...Probably figure if they can discredit him maybe they can shake out a few million shares. You know since the SEC filing for ProMold came out after hours on Friday all the shorts are sheeting bullets ...
If you put in a buy order right now at say .002 or .0021 it's almost impossible to fill...no one is selling...so how are the shorts going to cover at this price if no one is selling?
So I ask you again...what is your agenda and is the name Carrie yours or did you have a former name here?
Posted by successinstock on :
i know i bought a couple of million myself....my buddy bought a couple of million...
i am confused Carrie....what are you saying?
Posted by Chopper on :
Wow you really get upset over buyins ay?
I suggest you call buy ins yourself and set them straight. You seem to know more than the company that does this all day everyday. Your experience is what?
Even If every last share was bought to cover in the last 65 trading days it would almost cover the entire short position he recorded. That seems close to impossible to me. And that takes us back to May. But what do I know. LOL Like I said I just report the news, I don't write it.
Thanks for your wisdom. I'm done here so have a great day and GLTY.
Posted by Carrie on :
Bearclaw
your lack of undestanding of Tom's numbers is showing.
the 794 million number is since Jan 2005.
please tell us what the volume since Jan 2005 has been.
Are you saying that you don't believe what the official otcbb figures are?
Are you saying that you don't believe what the official Regulation SHO/NASD Rule 3210 Threshold Security List is saying?
Why are you beginning with the personal attacks?
All I am doing is correcting the false information that you and Jeffrey are posting about the PLNI short position. I am using factual official numbers. You and Jeffrey are using false statements.
You are now saying that no one is selling. Well done, you can also say that no one is buying can't you?
You are talking as if an SEC filings, the 8-K that was filed after the close of trading on a Friday is bullish. What is bullish about showing that the acquisition that was announced that was closed in December 2005 actually clase on May 30, 2006?
again, stop with the personal attacks
quote:Originally posted by Bearclaw: Carrie...( my sisters name...she spells it Kerry)
So you think that 793,991,319 shorted shares have been covered? Are you following the volume the past couple months...
Get real here OK? What is your agenda? You came in here challanging Chopper...one of the most knowledgable and respected posters...What's the deal with that? Your challanging numbers that are pretty solid across all the boards except with those who have shorted this stock and have a self serving interest...
Every time shorts come to this site to shake out shares they go after Chopper...Probably figure if they can discredit him maybe they can shake out a few million shares. You know since the SEC filing for ProMold came out after hours on Friday all the shorts are sheeting bullets ...
If you put in a buy order right now at say .002 or .0021 it's almost impossible to fill...no one is selling...so how are the shorts going to cover at this price if no one is selling?
So I ask you again...what is your agenda and is the name Carrie yours or did you have a former name here?
Posted by Bearclaw on :
So who are you and what's your agenda Carrie...
Other than that info I'm moving on...GLTY
Posted by Carrie on :
Chopper,
Again you are wrong.
The 795 million figure was since January 2005. What has been the volume since January 2005?
How about those 100 million and 200 million share days eh?
quote:Originally posted by Chopper: Wow you really get upset over buyins ay?
I suggest you call buy ins yourself and set them straight. You seem to know more than the company that does this all day everyday. Your experience is what?
Even If every last share was bought to cover in the last 65 trading days it would almost cover the entire short position he recorded. That seems close to impossible to me. And that takes us back to May. But what do I know. LOL Like I said I just report the news, I don't write it.
Thanks for your wisdom. I'm done here so have a great day and GLTY.
Posted by Carrie on :
bearclaw,
what is your agenda?
I see that you have admitted to being a swing trader.
what happened...got caught holding on your last swing trade?
so far, the only thing that I have done is point out your and Choppers' false statements on the short interest issue.
quote:Originally posted by Bearclaw: So who are you and what's your agenda Carrie...
Other than that info I'm moving on...GLTY
Posted by Bearclaw on :
Interesting tidbit...
The Worm and three of his Followers were kicked off RB this past weekend for posting Misleading Information on PLNI...
If you know the Worm then you know he will spread his slime somewhere else...
Just for folks information...You too Carrie...hahahaha
Posted by Carrie on :
bearclaw,
thanks for the info
quote:Originally posted by Bearclaw: Interesting tidbit...
The Worm and three of his Followers were kicked off RB this past weekend for posting Misleading Information on PLNI...
If you know the Worm then you know he will spread his slime somewhere else...
Just for folks information...You too Carrie...hahahaha
Posted by Bearclaw on :
Carrie... I think you already knew that one...
Posted by Carrie on :
bearclaw
$0.0018?
what do you think are the chances that this stock drops below $0.0015 by the end of the week once the public reads the 8-K further showing that the pledged Pro Mold Inc. shares go to the sellers of Pro Mold, Inc., in the event of a default by PLNI?
quote:Originally posted by Bearclaw: Carrie... I think you already knew that one...
Posted by Chopper on :
I'll play your silly game, sooooo what has the volume been since January?
Your sure all has been covered with your vast research? Please give me the NASDAQ short position data and coverage of these shorts since January so I may also be enlightened as well.
Why would you attack something I reported that the Buy Ins Company actually wrote on? I didn't write it, nor did I go on a national radio show and state these facts not once but 2 times. So are you trying to discredit Buy ins? And if so, why would you not feel a need to call them and grace them with your superior knowledge? Please help me understand.
I really don't feel I have done anything other than report from valid sources what is going on. However you insist on saying that I have given false and misleading statements. ???? Not sure why. Will and I have had our ups and downs and even he said on this very thread that I am to smart to pump or mislead on the thread.
If you do not like what these companies have put out then I suggest you take your beef up with them because it's not my problem.
Have a great day.
Posted by Bearclaw on :
Carrie...hahahaha...
You should change your style...getting a bit to obvious in your old age...It started as funny but now it's getting boring......
I don't have a problem if you fill your shorts on the way up...just gonna be tough...get your sneakers on cuz you'll be running a sprint chasing this..Just don't fall in the hedges (fund) hahahaha or in the overseas hahahahah
Posted by Carrie on :
Copper
sorry, but it is YOU that stated that Tom mentioned "short interest", something which he would not have done, since he knows darn well what "short interest" means.
It is you that has made the false statements (Swain). All one has to do is read your posted messages.
quote:Originally posted by Chopper: I'll play your silly game, sooooo what has the volume been since January?
Your sure all has been covered with your vast research? Please give me the NASDAQ short position data and coverage of these shorts since January so I may also be enlightened as well.
Why would you attack something I reported that the Buy Ins Company actually wrote on? I didn't write it, nor did I go on a national radio show and state these facts not once but 2 times. So are you trying to discredit Buy ins? And if so, why would you not feel a need to call them and grace them with your superior knowledge? Please help me understand.
I really don't feel I have done anything other than report from valid sources what is going on. However you insist on saying that I have given false and misleading statements. ???? Not sure why. Will and I have had our ups and downs and even he said on this very thread that I am to smart to pump or mislead on the thread.
If you do not like what these companies have put out then I suggest you take your beef up with them because it's not my problem.
Have a great day.
Posted by Carrie on :
Chopper,
you have been flipping this stock all along making some nice "bank". What do you say to investors that might have bought PLNI stock based on an expectant short squeeze that never materializes based on your false short interest info AND LOSE BIG TIME BUCKS BECAUSE OF YOUR FALSE INFORMATION?
==============================
Chopper Member
Member Rated: posted November 16, 2005 10:27 -------------------------------------------------------------------------------- State, you should have been flipping this like a lot of us did on the pr's. Made some bank and got more shares.
-------------------- It will run when you least expect it.
-------------------------------------------------------------------------------- Posts: 914 | From: NC | Registered: Mar 2005 | IP: Logged |
Posted by Bearclaw on :
Hey Chopper...
He called you "Copper" ..Think that's a Fruedian Slip? Federal Agents are called Feds aren't they??? Not Coppers hahahahaha...
Elliot Ness is comin...or Dragnet...Sgt. Joe Friday is maybe who he's referring to...just the facts Mam...hahahaha
Posted by Chopper on :
Hmmmmmm Such an angry person. Do you need to talk about it in a PM?
You did not answer a single question. Why?
And why are your statements anymore right than mine when I just reported what the man said and wrote?
Why wouldn't your statements be false and misleading when you have not given an ounce of proof with documentation vs Buy ins when I and others believe your understanding of the NASDAQ short listing is wrong?
You sure accuse a lot and show anger in your statements and your supposed to be believed as a credible source and not a fraud? Why? Please help me understand.
My thoughts are, Do Your Own DD, I just report what I find. Sorry you are so upset with that.
Now answer some questions please and pass on your secret knowledge. TIA
Posted by Carrie on :
Chopper
So you continue to claim that Tom specifically stated on the radio that there is a "short interest" of 795 million PLNI shares as of August 4th?
So now you are saying that someone that has been paid by PLNI in the past, is now saying that there there were 795 million PLNI short shares outstanding as of August 4th.
ok
thanks
quote:Originally posted by Chopper: Hmmmmmm Such an angry person. Do you need to talk about it in a PM?
You did not answer a single question. Why?
And why are your statements anymore right than mine when I just reported what the man said and wrote?
Why wouldn't your statements be false and misleading when you have not given an ounce of proof with documentation vs Buy ins when I and others believe your understanding of the NASDAQ short listing is wrong?
You sure accuse a lot and show anger in your statements and your supposed to be believed as a credible source and not a fraud? Why? Please help me understand.
My thoughts are, Do Your Own DD, I just report what I find. Sorry you are so upset with that.
Now answer some questions please and pass on your secret knowledge. TIA
Posted by Carrie on :
Chopper
This is what I don't understand about you.
Why would you spam a copy of false and misleading information from PLNI and their 1st Quarter 2006 financials filed with pinksheets.com?
You know darn well that with and without "beneficial interest" PLNI's Net Loss still increased going from 2005 to 2006 for the first quarter.
In other words, the amount of Net Loss increased in the 2006 first quarter compared to the 2005 first quarter, yet PLNI falsely stated that it decreased...
being such an important measure of how good PLNI is doing, you would think that PLNI would not issue a false and misleading statement wouldn't you?
and here you go, spamming the false and misleading information all over the internet..
why?
quote:Originally posted by Chopper: PLASTICON INTERNATIONAL, INC. Management’s Discussion and Review of Unaudited 2006 First Quarter Financial Statements A review of the first quarter of 2006 financial statements clearly reveals a breakout pattern for Plasticon International, Inc. in comparison to previous quarters. The Company has now begun its rollout of the former Georgia Pacific, now BlueLinx, exclusive national distribution contract. Balance Sheet: A review of the balance sheet will show an increase in accounts receivable of 800%, using only the first quarter of 2006 as compared to the entire FY of 2005. Total Assets: went from $6,233,569 to $8,454,879, increasing in the first quarter of 2006 alone by 27% vs. the entire FY 2005. Regarding the statement of operations, total revenues March 2006 vs. March 2005: Total revenues for the 2005 Quarter ending March 31st 2005 was $82,370 vs. total revenues for the 2006 Quarter ending March 31st 2006 was $1,830,534, which is a 2,222% increase in sales over the same quarterly period. In addition the first quarter comparison of numbers from FY 2006, vs. yearly numbers for FY 2005 shows signficant progress towards profitability. We anticipate the Company to continue to show earnings improvements throughout FY 2006. Gross profits for Q1 2005 was $79,860, vs. gross profit for Q1 2006 was $684,752, which is an increase of 859%. The gross profit margin in Q1 2005, was 4% vs. the gross profit margin for Q1 in 2006 was 37%. This reveals a substantial improvement in productivity and overall production operating efficiencies of the Company. In reviewing the $10,068,108 for operating expenses, the following factors have to be considered: The figure of $8,679,000, as referenced in the footnotes of the financial statements, number 13, page 6, Common Stock, paragraph 1, were incurred under the GAAP (Generally Accepted Accounting Principles) and FASB (Financial Accounting Standards Board) rules of beneficial interest expense. As the Company has described in the past, beneficial interest expense is not an operating expense. It is merely a bookkeeping entry reflected, due to the issuance of stock to the majority shareholder, for capital contributions made to the Company. If we remove the $8,679,000, from the $10,068,108 for total operating expenses, we arrive at a figure of $1,389,108, which is the actual operating expense of Q1 2006. When this is compared to the operating expense for Q1 2005 of $2,493,933, this represents a decrease in operating expenses of 56%. Loss From Operations: Again, as we review the loss from operations, we must factor in beneficial interest expense of $8,679,000 minus the $9,383,356 that is actually reflected in the financial statements, which leaves us with an actual loss from operations of $704,356. If we then compare the actual loss from operations in Q1 2006 of $704,356, vs. the loss from operations in Q1 2005 of $2,414,073, this is a decrease in loss from operations from Q1 2005 to Q1 2006 of 71%. Net Loss: Again, regarding net loss, we must remove the beneficial interest expense of $8,679,000 from the figure reflected in the financial statements of $9,437,270, which then gives us an actual net loss of $812,184. When we compare the actual net loss from Q1 2006 of $812,184, vs. the net loss of Q1 2005 of $2,507,552, this represents a decrease of 68%. Statements of Cash Flows: Again, under net loss, we must deduct the $8,679,000 of beneficial interest plus interest expense and other expense, and we arrive at a figure of $812,184. This is the actual net loss, after deducting for the beneficial interest expense, which as has been described, is a bookkeeping entry and not actual net loss. Outlook for the Future: An analysis of the financial statements reveals positive movement in every category of accounting. The Company has made significant progress toward profitability and will continue to move toward positive earnings per share. Plasticon has now begun its 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 has unmistakably swung to a favorable position for Plasticon International as we strive to grow the Company throughout the global marketplace.
Posted by Bearclaw on :
Chopper... I can't find anywhere where you said that "someone who has been paid by PLNI in the past" Did you say that?
You ever see a short squeezzzeee???? It's like squeeeezzzzing a pimple off the arse of a worm....gushhhh
quote:Originally posted by Carrie: Chopper
So you continue to claim that Tom specifically stated on the radio that there is a "short interest" of 795 million PLNI shares as of August 4th?
So now you are saying that someone that has been paid by PLNI in the past, is now saying that there there were 795 million PLNI short shares outstanding as of August 4th.
ok
thanks
[/QB][/QUOTE]
Posted by Dano007 on :
OMG!!! Another lamb to the CLAW.... HA! Chop chop chop...
Posted by Bearclaw on :
Not a lamb...more like a Worm...
quote:Originally posted by Dano007: OMG!!! Another lamb to the CLAW.... HA! Chop chop chop...
Posted by Dano007 on :
Something I've learned about fishing.
It never works out to well for the bait.
Posted by Chopper on :
You still didn't answer the qustions. Why? What are you hiding?
I only post the news that comes out. Thats all... Not my business to judge it or do an analyst report on it or the company. I don't see where you are qualified either. Do you have your Series 7 or analyst designation? Opinions are just that opinions. No need to be angry and bash posters here.
This sure has been fun though.
Posted by Dano007 on :
***** to CHOPPER!!! YEA-CHOPPER!!!
Drumroll please...tdtdtdtdtdtdtdtdtdtdtdtdtdtd
And the answer we've all been waiting for...
Posted by Bearclaw on :
Hey Dano...
This is getting to be so interesting...there are a slew of pennies that have been shorted...In this case I've been adding to my position at these levels...It's just so darn hard to fill...
Now the charts are good...but...the charts have nothing to do with PLNI right now...It's a battle of the Shorts...It's impossible to determine who is short and by how many shares...The MM's have tried all knids of tactics to create panic selling but have not been very successful...Other shorts have been on the internet hammering away at PLNI, Turek, shareholders and the guy who owns the hot dog stand trying to shake out shares...
The fun is going to be when the squeezzzzzeeee happens...
If you believe, like I do, that the rest of the SEC filings will take place soon then sit back... What an interesting scenerio we will be watching...The shorts will be fighting to buy any real shares instead of the paper they now own...The question is which SEC filing will start the squeeezzzzzzeeee....Until that time Shorts and Bashers will be out in droves...
Can you imagine that the Worm and three of his followers were thrown off of RB? I mean you almost have to commit a felony to get tossed from RB...Almost anything goes there...
So you and I can sit and watch this interesting thing that's about to happen...I just wish I knew the exact day so I could get me a jug of Jack and a recliner and just sit and laugh my arse off....Good luck to you buddy...
Posted by Dano007 on :
Hey Bear...
Folks are betting that's for sure but I'm just watching at the moment(um). My concern is all this shorting. I've made money shorting before but it's just too dicey for me right now. I prefer more clearly defined risk factors before I jump into that lake. It's looking pretty cloudy to me. Okay, so it’s fear… but I just watched a Jaws movie last week and some of those images are still kinda fresh. The thought of those awesome terrible teeth loaded jaws putting the squeeze on me is not my idea of fun so, like you, I’ll continue to sit back and watch. I like a good blood & guts flick once in a while.
BTW last time I looked "Pump & Dump" was a felony.
Acts which may constitute criminal fraud include:
bait and switch
confidence tricks such as the 419 fraud, Spanish Prisoner, and the shell game
taking money which is under your control, but not yours (embezzlement)
health fraud, selling of products of spurious use, such as quack medicines
creation of false companies or "long firms"
false insurance claims
bankruptcy fraud, is a US federal crime that can lead to criminal prosecution under the charge of theft of the goods or services
investment frauds, such as Ponzi schemes
securities frauds such as pump and dump
Fraud, in addition to being a criminal act, is also a type of civil law violation known as a tort. A tort is a civil wrong for which the law provides a remedy. A civil fraud typically involves the act of making a false representation of a fact susceptible of actual knowledge which is relied upon by another person, to that person's detriment.
Posted by Bearclaw on :
With your limited research capability, I wouldn't expect you to read the b uyins . net paragraph in the PLNI press release where it stated that they were paid by PLNI:
"Plasticon International, Inc. has paid $995.00 to purchase data for information provided in this report..."
quote:Originally posted by Bearclaw: Chopper... I can't find anywhere where you said that "someone who has been paid by PLNI in the past" Did you say that?
You ever see a short squeezzzeee???? It's like squeeeezzzzing a pimple off the arse of a worm....gushhhh
quote:Originally posted by Carrie: Chopper
So you continue to claim that Tom specifically stated on the radio that there is a "short interest" of 795 million PLNI shares as of August 4th?
So now you are saying that someone that has been paid by PLNI in the past, is now saying that there there were 795 million PLNI short shares outstanding as of August 4th.
ok
thanks
[/QB][/QUOTE]
[ August 07, 2006, 21:11: Message edited by: Carrie ]
Posted by Carrie on :
Chopper
I still want to know why you have now posted false and misleading information about PLNI on two topics now, the false and misleading information regarding the 1st Qtr 2006 increase in Net Loss and the false and misleading information regarding the PLNI short interest.
why is this?
regarding credentials in the area of Valuations, Finance and Accounting, certainly much better than a part time Masters Degree from an agricultural school.
and now you are saying "No need to be angry and bash posters here" when you have just posted nothing but personal insults..
amazing...
quote:Originally posted by Chopper: You still didn't answer the qustions. Why? What are you hiding?
I only post the news that comes out. Thats all... Not my business to judge it or do an analyst report on it or the company. I don't see where you are qualified either. Do you have your Series 7 or analyst designation? Opinions are just that opinions. No need to be angry and bash posters here.
This sure has been fun though.
Posted by Bearclaw on :
Carrie...
Yepper...Reading comprehension is a significant problem for you...Read again below...never said that deep sheet...
You really need to change your approach...This gets old month after month...same old sheet different stock...Must be like living in a worm hole...Hey??? Now that you can't spew your con on RB you come here...
So why did you get booted...come on tell us all the story...I can't believe you bring your crap here...Short squeezzzeee coming..
"Chopper... I can't find anywhere where you said that "someone who has been paid by PLNI in the past" Did you say that?"
[ August 07, 2006, 21:17: Message edited by: Bearclaw ]
Posted by Carrie on :
Bearclaw,
yep it will sure be interesting seeing those 184,000 PLNI short shares cover, out of average PLNI trading volume of about 13 million per day...
quote:Originally posted by Bearclaw: Hey Dano...
This is getting to be so interesting...there are a slew of pennies that have been shorted...In this case I've been adding to my position at these levels...It's just so darn hard to fill...
Now the charts are good...but...the charts have nothing to do with PLNI right now...It's a battle of the Shorts...It's impossible to determine who is short and by how many shares...The MM's have tried all knids of tactics to create panic selling but have not been very successful...Other shorts have been on the internet hammering away at PLNI, Turek, shareholders and the guy who owns the hot dog stand trying to shake out shares...
The fun is going to be when the squeezzzzzeeee happens...
If you believe, like I do, that the rest of the SEC filings will take place soon then sit back... What an interesting scenerio we will be watching...The shorts will be fighting to buy any real shares instead of the paper they now own...The question is which SEC filing will start the squeeezzzzzzeeee....Until that time Shorts and Bashers will be out in droves...
Can you imagine that the Worm and three of his followers were thrown off of RB? I mean you almost have to commit a felony to get tossed from RB...Almost anything goes there...
So you and I can sit and watch this interesting thing that's about to happen...I just wish I knew the exact day so I could get me a jug of Jack and a recliner and just sit and laugh my arse off....Good luck to you buddy...
Posted by Carrie on :
Bearclaw
Did I understand that both you and rrm were swing trading PLNI in February 2006?
Didn't rrm state that he hasn't sold a share since July 2005?
================
Bearclaw Member
Member Rated: posted February 04, 2006 13:58 -------------------------------------------------------------------------------- Hey State...
OK state...you decided you want to start something? I was here posting how this is a potential swing and folks can make some money...I did...How about you?
Not gloating hey? that's funny...You were really looking for an apology...now that's really funny...Kiss off state...No risk for you...It's like a little girl playing house...
The real folks on this thread are the ones playing the stock..You are not...Your opinion and stockhunters opinions or how you feel that I treat you means zero to me...nada...nothing... None of that helps me trade PLNI..
Keep slamming this company without any risk and I'll be here...You see I'm one of the folks on the field at the PLNI ballpark not home playing tea and dolls with the neighborhood girls... listening to the game on the radio...
Oh...one more thing...RRM can run circles around you in trading pennies...One of the best folks with charts I ever met...Remember...you bought high and sold low...Not a good way to make bank....Buy low and sell high...see??? Get it???
Your not even in the same league with Rick...RRM...He's here to make money...why are you here? You may be "content" but Rick and I are going to the bank...Friday was a great swing for us...How about you..??? Did mommy let you come out and play???? -------------------------------------------------------------------------------- Posts: 1824 | From: Knoxville | Registered: Jun 2004 | IP: Logged |
Posted by Chopper on :
WOW, You still didn't answer the original questions. Why? What are you hiding? I Didn't know asking you for a few honest answers was posting personal insults. Now that's an odd observation on your part.
Your right about the Masters degree just wrong about the length of time and what major. Please don't forget the PHD either.... And it's Dr. Chopper to you sir.
I only post the news that comes out. Thats all... Not my business to judge it or do an analyst report on it or the company. I don't see where you are qualified either. Do you have your Series 7 or analyst designation? Opinions are just that opinions. No need to be angry and bash posters here.
I know who you are stranger, just trying to place what board or group of boards you have destroyed with your antics.
This sure continues to be fun though. Posted by Bearclaw on :
I know RRM's the one you want...that's the guy you have made it very clear across the internet that you hate...RRM and one other long...so why are you here...You usually send one of your scumbags like the one I posted to 6 months ago...
You really must be panicked about this short squeezzzeee coming...You boys just need to accept you lost...The filings are going to come back to back and no matter how many worms you summons won't change it...Better to take your losses and tuck your worm tail between your legs and squirm away...
Posted by Carrie on :
Chopper,
since when is a board destroyed by posting truthful information about a company, unless the board is used to pump and hype a stock with false and misleading information?
why don't you repeat the questions that you asked?
quote:Originally posted by Chopper: WOW, You still didn't answer the original questions. Why? What are you hiding? I Didn't know asking you for a few honest answers was posting personal insults. Now that's an odd observation on your part.
Your right about the Masters degree just wrong about the length of time and what major. Please don't forget the PHD either.... And it's Dr. Chopper to you sir.
I only post the news that comes out. Thats all... Not my business to judge it or do an analyst report on it or the company. I don't see where you are qualified either. Do you have your Series 7 or analyst designation? Opinions are just that opinions. No need to be angry and bash posters here.
I know who you are stranger, just trying to place what board or group of boards you have destroyed with your antics.
This sure continues to be fun though.
Posted by Carrie on :
Barclaw,
so what happened to the PLNI stock price since your pump of a month ago?
===============
From: bareclaw 7/11/2006 7:00:24 PM of 5724
Time to pay attention to PLNI again...The wait is almost over...this puppy's as tight as a drum and ready for Turek to let her fly...Hang on guys the rides about to begin this month IMO...don't go too far or you'll miss the take off...
Posted by Bearclaw on :
Carrie...
Man are you a desperate worm...Going to a private Bulls site on SI...sick slime...Time to sit with my family...It's been fun watching you squirm...The squeeezzzeeee is coming soon...Good night all...but not to you night crawler...Just keep squirming..
Posted by Chopper on :
OK I will and Thank you for your permission.
Posted by me, Chopper:
WOW, You still didn't answer the original questions. Why? What are you hiding? I Didn't know asking you for a few honest answers was posting personal insults. Now that's an odd observation on your part.
Your right about the Masters degree just wrong about the length of time and what major. Please don't forget the PHD either.... And it's Dr. Chopper to you sir.
I only post the news that comes out. Thats all... Not my business to judge it or do an analyst report on it or the company. I don't see where you are qualified either. Do you have your Series 7 or analyst designation? Opinions are just that opinions. No need to be angry and bash posters here.
I know who you are stranger, just trying to place what board or group of boards you have destroyed with your antics.
This sure continues to be fun though. Posted by Relentless. on :
It's funny that anyone who shows any clarity on this stock is instantly confirmed as being the worm and denounced just as quick. You guys have been pumping this stock for years now.. on as many messege boards as you can find.. And what has it brought? Nothing but one prolonged downtrend. All while the company sells share after share to the few people foolish enough to believe you.
Posted by Chopper on :
Not a bit, but you sure are. Oh and Thank you for posting that again. I had been meaning to get around to it but hadn't had the time to search through all the threads. Posted by Carrie on :
So Bearclaw,
what happened?
none of your backers form the SI Bulls board came to help you as you requested?
Can't you discuss PLNI on your own?
you know, like all the positive things that you would want people to hear about this company with at least 12.3 BILLION fully diluted shares outstanding?
a little nervous as this stock drops to below $0.001 by next week?
quote:Originally posted by Bearclaw: Carrie...
Man are you a desperate worm...Going to a private Bulls site on SI...sick slime...Time to sit with my family...It's been fun watching you squirm...The squeeezzzeeee is coming soon...Good night all...but not to you night crawler...Just keep squirming..
Posted by Carrie on :
Relentless,
Amazing eh?
What you find is a bunch of short term traders that were swing trading PLNI, some having made a decent buck, and now stuck as the stock price keeps on dropping and dropping and dropping as each and every pinksheets or SEC filing by PLNI reveals more and more of the real story behind this company and its fraudulent methods...
Then when this group of posters gets caught with their false and misleading statements about PLNI, they resort to nothing but personal attacks.
quote:Originally posted by Relentless.: It's funny that anyone who shows any clarity on this stock is instantly confirmed as being the worm and denounced just as quick. You guys have been pumping this stock for years now.. on as many messege boards as you can find.. And what has it brought? Nothing but one prolonged downtrend. All while the company sells share after share to the few people foolish enough to believe you.
Posted by Bearclaw on :
Ohhh the teams here...shakin in my boots...Worm stompers hahahah...So why did four of you get booted from RB???
Posted by Chopper on :
Ok folks, this has been fun but I have some real reading to do before hitting the sack. You all play nicely while I'm gone and feel free to post the Pro Mold visit as much as you want. Thanks again and GLTA. Posted by successinstock on :
relentless....the longs have seen the style of posts that the worm and his cronies have issued.....
the style is the same.
Carrie...what do you like about PLNI. What brings you to this board?
Posted by Relentless. on :
About a year ago, those two called me the worm as well. I have no affiliation with the guy nor had I even heard of him till they spoke of him. As it turns out, the so called bashers have been right about this stock while the so called pumpers have been horribly wrong the whole time.
Posted by Carrie on :
successinstock,
it is not tough to figure out what style the worm posts.
The style is called:
"posting the truth"
quote:Originally posted by successinstock: relentless....the longs have seen the style of posts that the worm and his cronies have issued.....
the style is the same.
Carrie...what do you like about PLNI. What brings you to this board?
Posted by successinstock on :
ladies first....by all means.....lol
Posted by YellowSubmarine on :
quote:Originally posted by successinstock: ladies first....by all means.....lol
s-i-s, You need to be a whole lot more discriminating in who you bother to post to. There's no gain in getiing 'pinworm feces' or WWW 'Regurgi-Puke' on your nice new pair of super-spiffy Air Jordans, aye....
It certainly is going to be fun around here when the Audited Financials hit the Street, the buy-back programs start, and the move to the OTCBB is finalized. It's been a bit of a wait. But, when you're sitting on a Mega-stash of 'super-cheapie-shares' a little seasoning time doesn't matter a bit to most of us.
Watching the 'Pukes & pinworms' eat 'Kentucky Fried Crow' will certainly be a nifty little dividend, also..!!!
See ya on the upside; collecting in the meantime.....................
:-)
.
Posted by YellowSubmarine on :
quote:Originally posted by Chopper: You still didn't answer the qustions. Why? What are you hiding?
They don't get paid to answer your queries, Chop. Their instructions are to spread FUD and try to keep Longs and collectors attention off the fact that there are massive Shorts and NSS Vapor Share positions out against PLNI. FED and DTCC House Calls tend to wreck the schmucks whole day, aye.
Their Minders really need to cover cheap before JT, Bubba Willie, the company lawyers, some SEC reps, and a couple of Congressmen go to the DTCC and demand a show-down, hardcopy accounting and settlement of all the BS Hedgie & MFMMMFTDs on this stock.
OBTW: Keep a close eye of KFC's PPS..!!! Thier 'Kentucky Fried Crow' sales are going to soar very soon.
:-)
.
Posted by Chopper on :
Plasticon Files Form 8-K on Acquisition of Pro Mold, Inc. Tuesday August 8, 8:30 am ET
LEXINGTON, KY--(MARKET WIRE)--Aug 8, 2006 -- Plasticon International, Inc. (Other OTC:PLNI.PK - News) announced today that the Company has filed Form 8-K with the SEC in connection with the acquisition of Pro Mold, Inc. This filing clarifies and confirms the closing of Pro Mold, Inc. on December 31, 2005 and completes all regulatory requirements for full disclosure with the SEC for the acquisition. "From the Company's point of view, this acquisition has worked out just as we had anticipated," said Jim Turek, President and CEO of Plasticon International, Inc. "Plasticon is now in control of its own destiny by effectively managing the entire manufacturing process with the goal of implementing planned additional improvements in Pro Mold's production process. We have already achieved success in the first and second quarter of 2006 as these were the most successful first two quarters in Pro Mold's history."
On May 1st, 2006, John Murphy, President of Pro Mold, Inc., commented about Pro Mold's record growth during the first two quarters of 2006:
"This has been exciting. We brought in two new machines today, and we brought in one new machine in October 2005, with the result that we have added additional new capacity in a very short period of time. These new machines have helped us achieve sales revenue growth of 20% during the first quarter of 2006 compared to first quarter 2005. As of June 30, 2006, our backlog was 30% greater than it was last year. All of this has been financed by Plasticon. We are now their subsidiary. And they have just done a wonderful job of bringing new business in here, although some of it has been new accounts for us, that were brought in by our own salespeople. It's an exciting time, just really nice growth going on [with the Company]."
Video footage of the three state-of-the-art 500-ton Toyo molding machines being delivered to the Pro Mold, Inc. production facility, in addition to footage of Mr. Murphy comments noted above (recorded on May 1, 2006) will be available later this week via a webcast download.
About Plasticon International, Inc.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, and plastic lumber which are all produced from recycled and recyclable plastics. Plasticon seeks to become a leader and an innovator in using cutting-edge design, engineering, and production of industrial and commercial products. Plasticon's primary emphasis is to use recycled plastics to produce its line of products and the Company views itself as a "green company" in implementing company-wide environmentally sensitive policies.
FORWARD-LOOKING STATEMENTS
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. IN SOME CASES FORWARD-LOOKING STATEMENTS CAN BE IDENTIFIED BY THE USE OF FORWARD-LOOKING WORDS SUCH AS "BELIEVES," "EXPECTS," "MAY," "WILL," "SHOULD," OR "ANTICIPATES," OR THE NEGATIVE OF THESE WORDS OR OTHER VARIATIONS OF THESE WORDS OR COMPARABLE WORDS, OR BY DISCUSSIONS OF PLANS OR STRATEGY THAT INVOLVE RISKS AND UNCERTAINTIES. MANAGEMENT WISHES TO CAUTION THE READER THAT THESE FORWARD-LOOKING STATEMENTS, INCLUDING, BUT NOT LIMITED TO, STATEMENTS REGARDING THE COMPANY'S PLANS, GOALS, THE FUTURE PROSPECTS FOR PRO MOLD, INC., AND, THE BUSINESS STRATEGY OF THE COMPANY AND PRO MOLD, INC., AND OTHER MATTERS THAT ARE NOT HISTORICAL FACTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT OR THAT THE ANTICIPATED FUTURE RESULTS WILL BE ACHIEVED. ACTUAL EVENTS OR RESULTS FOR THE COMPANY AND PRO MOLD, INC., MAY DIFFER MATERIALLY EITHER BECAUSE ONE OR MORE PREDICTIONS PROVE TO BE ERRONEOUS OR AS A RESULT OF OTHER RISKS FACING THE COMPANY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, THE COMPARATIVELY LIMITED FINANCIAL RESOURCES OF THE COMPANY, THE INTENSE COMPETITION THE COMPANY FACES FROM OTHER ESTABLISHED COMPETITORS, TECHNOLOGICAL CHANGES THAT MAY LIMIT THE ABILITY OF THE COMPANY TO MARKET AND SELL ITS PRODUCTS AND SERVICES OR ADVERSELY IMPACT THE PRICING OF THESE PRODUCTS AND SERVICES. ANY ONE OR MORE OF THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED, EXPRESSED, OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENT TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.
Contact: Plasticon International, Inc.: Jim Turek President and CEO 3288 Eagle View Lane Lexington, Kentucky 40509 web site: http://www.plasticonintl.com
Contact Investor Relations: Andrea Cox Ph: 866 843 2775
-------------------------------------------------------------------------------- Source: Plasticon International, Inc.
Posted by YellowSubmarine on :
Plasticon Files Form 8-K on Acquisition of Pro Mold, Inc.
LEXINGTON, KY, Aug 08, 2006 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) announced today that the Company has filed Form 8-K with the SEC in connection with the acquisition of Pro Mold, Inc. This filing clarifies and confirms the closing of Pro Mold, Inc. on December 31, 2005 and completes all regulatory requirements for full disclosure with the SEC for the acquisition.
"From the Company's point of view, this acquisition has worked out just as we had anticipated," said Jim Turek, President and CEO of Plasticon International, Inc. "Plasticon is now in control of its own destiny by effectively managing the entire manufacturing process with the goal of implementing planned additional improvements in Pro Mold's production process. We have already achieved success in the first and second quarter of 2006 as these were the most successful first two quarters in Pro Mold's history."
On May 1st, 2006, John Murphy, President of Pro Mold, Inc., commented about Pro Mold's record growth during the first two quarters of 2006:
"This has been exciting. We brought in two new machines today, and we brought in one new machine in October 2005, with the result that we have added additional new capacity in a very short period of time. These new machines have helped us achieve sales revenue growth of 20% during the first quarter of 2006 compared to first quarter 2005. As of June 30, 2006, our backlog was 30% greater than it was last year. All of this has been financed by Plasticon. We are now their subsidiary. And they have just done a wonderful job of bringing new business in here, although some of it has been new accounts for us, that were brought in by our own salespeople. It's an exciting time, just really nice growth going on [with the Company]."
Video footage of the three state-of-the-art 500-ton Toyo molding machines being delivered to the Pro Mold, Inc. production facility, in addition to footage of Mr. Murphy comments noted above (recorded on May 1, 2006) will be available later this week via a webcast download.
About Plasticon International, Inc.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, and plastic lumber which are all produced from recycled and recyclable plastics. Plasticon seeks to become a leader and an innovator in using cutting-edge design, engineering, and production of industrial and commercial products. Plasticon's primary emphasis is to use recycled plastics to produce its line of products and the Company views itself as a "green company" in implementing company-wide environmentally sensitive policies.
Plasticon International, Inc.: Jim Turek President and CEO 3288 Eagle View Lane Lexington, Kentucky 40509 web site: www.plasticonintl.com Contact Investor Relations: Andrea Cox Ph: 866 843 2775 SOURCE: Plasticon International, Inc. CONTACT: http://www.plasticonintl.com
.
Posted by Chopper on :
Update from the Green Baron.
Special Update
Plasticon Intl. (PK: PLNI)
Pre-Market News Alert
Plasticon Files Form 8-K on Acquisition of Pro Mold, Inc.
It appears that Plasticon is trying to set the record straight and is making all the necessary filings to substantiate its press releases about Pro Mold, Inc. The Green Baron Report has recently said that regaining the public’s trust in the Company is not going to occur overnight. It will likely take several substantive press releases and filings to turn this ship back around. We acknowledge this will not be easy to do, but Plasticon has done it before.
We are encouraged by the potential in Pro Mold, Inc. It really sets Plasticon on a new course now that it controls its own destiny through the ownership of its production factory. The Green Baron Report promised to complete the interview with CEO Jim Turek and Senior Consultant Bill Howe any day now, and we intend to fulfill our commitment. Please look for an update tomorrow from us regarding the interview.
LEXINGTON, Ky., August 8, 2006 -- Plasticon International Inc. (Other OTC - PLNI.PK - News) announced today that the Company has filed Form 8-K with the SEC in connection with the acquisition of Pro Mold, Inc. This filing clarifies and confirms the closing of Pro Mold, Inc. on December 31, 2005 and completes all regulatory requirements for full disclosure with the SEC for the acquisition.
“From the Company’s point of view, this acquisition has worked out just as we had anticipated,” said Jim Turek, President and CEO of Plasticon International, Inc. “Plasticon is now in control of its own destiny by effectively managing the entire manufacturing process with the goal of implementing planned additional improvements in Pro Mold’s production process. We have already achieved success in the first and second quarter of 2006 as these were the most successful first two quarters in Pro Mold’s history.”
On May 1st, 2006, John Murphy, President of Pro Mold, Inc., commented about Pro Mold’s record growth during the first two quarters of 2006: “This has been exciting. We brought in two new machines today, and we brought in one new machine in October 2005, with the result that we have added additional new capacity in a very short period of time. These new machines have helped us achieve sales revenue growth of 20% during the first quarter of 2006 compared to first quarter 2005. As of June 30, 2006, our backlog was 30% greater than it was last year. All of this has been financed by Plasticon. We are now their subsidiary. And they have just done a wonderful job of bringing new business in here, although some of it has been new accounts for us, that were brought in by our own salespeople. It’s an exciting time, just really nice growth going on [with the Company].”
Video footage of the three state-of-the-art 500-ton Toyo molding machines being delivered to the Pro Mold Inc. production facility, in addition to footage of Mr. Murphy comments noted above (recorded on May 1, 2006) will be available later this week via a webcast download.
About Plasticon International, Inc.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, and plastic lumber which are all produced from recycled and recyclable plastics. Plasticon seeks to become a leader and an innovator in using cutting-edge design, engineering, and production of industrial and commercial products. Plasticon’s primary emphasis is to use recycled plastics to produce its line of products and the Company views itself as a “green company” in implementing company-wide environmentally sensitive policies.
Posted by sonic0boom on :
Hmmm ... sombody must be trying to think of some good come-backs after that bomb, eh Chopper?
Posted by Chopper on :
I guess so. Glad they posted the Pro Mold visit tho. Their timing was Perfect to todays pr.
Posted by sonic0boom on :
Almost ... too perfect. Did Turek pay you to post some fake PR? Yup, that's it.
Posted by Dienekes on :
Hey Chopper,
I can't seem to find that Pro Mold visit post. I was just wondering if you spoke to any of the employees? What was the moral like? Did they look busy? If you wouldn't mind writing a few words about it, I would appreciate it, as would other PLNI longs, I am sure. It looks like things that JT talked about are finally starting to happen, albeit alot slower than most would have liked.
Have you ever seen anything like this in terms of basher attack before? Go look on RB, IHUB. A real concerted effort. Unreal. Some of them appear to have a shady past.
I am a PLNI long new to posting on this board.
Thanks for your comments.
Dienekes
quote:Originally posted by Chopper: I guess so. Glad they posted the Pro Mold visit tho. Their timing was Perfect to todays pr.
Posted by Bearclaw on :
Posted by IMAKEMONEY on :
Related Quotes Sym. Price Chg. PLNI Trade News 0.0019 0 Plasticon International (PLNI) CEO Jim Turek & Senior Consultant BillHowe Conduct Webcast With www.*************.com to Be AvailableThursday, August 10
Aug 9, 2006 08:30:47 (ET)
LEXINGTON, KY, Aug 09, 2006 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) announced today that CEO Jim Turek & Senior Consultant Bill Howe of Plasticon International, Inc., have conducted an exclusive webcast interview with Evergreen Marketing, Inc., home of The Green Baron Report. In light of recent developments, Plasticon feels it is timely to update shareholders and the investment community about the current and future prospects of Plasticon International, Inc. The interview will be available for listening on Thursday morning August 10, 2006 at The Green Baron Investors Society's website www.*************.com .
*************.com will provide continuing coverage and analysis of PLNI on their website and newsletters. For more information about Evergreen Marketing, Inc. and their subsidiary The Green Baron Investors Society visit them on the web at www.EvergreenMarketingInc.com and www.*************.com .
About Plasticon International, Inc.
Plasticon International ( www.plasticonintl.com ) designs, produces, and distributes high-quality concrete accessories, transportation signage, and plastic lumber which are all produced from recycled and recyclable plastics. Plasticon seeks to become a leader and an innovator in using cutting-edge design, engineering, and production of industrial and commercial products. Plasticon's primary emphasis is to use recycled plastics to produce its line of products and the Company views itself as a "green company" in implementing company-wide environmentally sensitive policies.
FORWARD-LOOKING STATEMENTS
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. IN SOME CASES FORWARD-LOOKING STATEMENTS CAN BE IDENTIFIED BY THE USE OF FORWARD-LOOKING WORDS SUCH AS "BELIEVES," "EXPECTS," "MAY," "WILL," "SHOULD," OR "ANTICIPATES," OR THE NEGATIVE OF THESE WORDS OR OTHER VARIATIONS OF THESE WORDS OR COMPARABLE WORDS, OR BY DISCUSSIONS OF PLANS OR STRATEGY THAT INVOLVE RISKS AND UNCERTAINTIES. MANAGEMENT WISHES TO CAUTION THE READER THAT THESE FORWARD-LOOKING STATEMENTS, INCLUDING, BUT NOT LIMITED TO, STATEMENTS REGARDING THE COMPANY'S PLANS, GOALS, THE FUTURE PROSPECTS FOR PRO MOLD, INC., AND, THE BUSINESS STRATEGY OF THE COMPANY AND PRO MOLD, INC., AND OTHER MATTERS THAT ARE NOT HISTORICAL FACTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT OR THAT THE ANTICIPATED FUTURE RESULTS WILL BE ACHIEVED. ACTUAL EVENTS OR RESULTS FOR THE COMPANY AND PRO MOLD, INC., MAY DIFFER MATERIALLY EITHER BECAUSE ONE OR MORE PREDICTIONS PROVE TO BE ERRONEOUS OR AS A RESULT OF OTHER RISKS FACING THE COMPANY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, THE COMPARATIVELY LIMITED FINANCIAL RESOURCES OF THE COMPANY, THE INTENSE COMPETITION THE COMPANY FACES FROM OTHER ESTABLISHED COMPETITORS, TECHNOLOGICAL CHANGES THAT MAY LIMIT THE ABILITY OF THE COMPANY TO MARKET AND SELL ITS PRODUCTS AND SERVICES OR ADVERSELY IMPACT THE PRICING OF THESE PRODUCTS AND SERVICES. ANY ONE OR MORE OF THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED, EXPRESSED, OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENT TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.
Contact: Plasticon International, Inc.: Jim Turek President and CEO 3288 Eagle View Lane Lexington, Kentucky 40509 web site:
Posted by Chopper on :
Thanks for posting the update Money. I was sleeping on the job this am. Posted by IMAKEMONEY on :
You got it Chopper, Some nice buys coming in. .0022
Posted by vinnie1 on :
Hmmmmmmmm could have a EOD run.lets see
Posted by vinnie1 on :
anyone have the OS on this.
Posted by BooDog on :
Outstanding Shares: 3,727,740,100 as of 2006-01-31
Posted by vinnie1 on :
WOW the buying better start picking up some.LOL
Posted by IMAKEMONEY on :
Might just get a pop in the morning/afternoon.
Posted by BooDog on :
share structure on pinks is what they are saying on the phone too. The toll free # rep. told me they are planning a share retirement/ buyback. Maybe it will be mentioned in the interview that should be posted in the AM.
Posted by Morphiuzzz on :
Is this still a good buy at .0021 for short term?
Posted by vinnie1 on :
I AM ALREADY IN THIS HOPE TOMORROW THEY COME OUT WITH SOME GREAT NEWS.
Posted by vinnie1 on :
52 WEEK LOW IS .0016
Posted by Bearclaw on :
I'm thinking a PR pre-market to cover some things in the interview...The SEC filings were promised by Friday or sooner by the Accounting Firm in the Pro Mold PR...So lets see what happens guys...GLTA
quote:Originally posted by vinnie1: I AM ALREADY IN THIS HOPE TOMORROW THEY COME OUT WITH SOME GREAT NEWS.
Posted by vinnie1 on :
NATURE OF THE BEAST YOU NEVER KNOW
Posted by Chopper on :
Press Release Source: Plasticon International, Inc.
Plasticon Announces Webcast of Pro Mold, Inc. Factory Tour, Which Details Quality Control Practices and Provides Strength Test Demonstration Thursday August 10, 8:30 am ET
LEXINGTON, KY--(MARKET WIRE)--Aug 10, 2006 -- Plasticon International, Inc. (Other OTC:PLNI.PK - News) announced today that the Company has released video footage of a tour of the Pro Mold, Inc. facility, which gives the public and Plasticon's shareholders a detailed account of new quality control practices in place at Pro Mold, provides a strength test demonstration of Plasticon's revolutionary slab bolster product (one of the Company's patented recycled plastic rebar support products), and shows the official handing over of the keys to Plasticon International, Inc. Pro Mold, Inc. is a wholly-owned subsidiary of Plasticon International, Inc. In addition, the recently announced audio taped webcast interview with CEO Jim Turek and Senior Consultant Bill Howe is now available at xxx.The Green Baron. xxx. "This is really a thrilling moment for Plasticon," said Jim Turek, President and CEO of Plasticon International, Inc. "In 2006, through the Pro Mold facility, we have controlled the manufacturing process from start to finish, which has led to outstanding production efficiencies and vastly improved quality control. I am happy to report that along with those improved manufacturing processes, we have had a corresponding improvement in revenues in the first two quarters of 2006. We encourage our shareholders and the public to view the footage by clicking on the link below. We believe that anyone who views this footage will be impressed by the quality control practices that Pro Mold, Inc. has in place. We will continue to strive to be an industry leader in quality control. Additionally, we encourage shareholders to review the strength test of Plasticon's revolutionary slab bolster product, which is demonstrated by Pro Mold plant manager Gary Gutterman. In the demonstration, the slab bolster holds approximately 3,000 pounds sitting across four points of the slab bolster, and it does not break or crash under the weight and pressure. We believe that Pro Mold, Inc. has tremendous potential for continued growth going forward, and we look forward to continuing to improve operations at the facility."
Video footage of the Pro Mold, Inc. facility can be seen by clicking on the following link: XXX.webcasting.com/plasticon/. There are four links provided on that page, including exterior footage of the Pro Mold, Inc. facility, the official handing over of the keys to Mr. Turek, a Plant Tour which details quality control and manufacturing processes, and finally a strength test demonstration of Platicon's revolutionary slab bolster product.
An additional webcast of comments from John Murphy, President of Pro Mold, Inc. regarding revenues from the first two quarters of 2006, and the delivery of the two state-of-the-art Toyo injection molding machines will be available in the next several days.
About Plasticon International, Inc.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, and plastic lumber 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.
FORWARD-LOOKING STATEMENTS:
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS". FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. IN SOME CASES FORWARD-LOOKING STATEMENTS CAN BE IDENTIFIED BY THE USE OF FORWARD-LOOKING WORDS SUCH AS "BELIEVES," "EXPECTS," "MAY," "WILL," "SHOULD," OR "ANTICIPATES," OR THE NEGATIVE OF THESE WORDS OR OTHER VARIATIONS OF THESE WORDS OR COMPARABLE WORDS, OR BY DISCUSSIONS OF PLANS OR STRATEGY THAT INVOLVE RISKS AND UNCERTAINTIES. MANAGEMENT WISHES TO CAUTION THE READER THAT THESE FORWARD-LOOKING STATEMENTS, INCLUDING, BUT NOT LIMITED TO, STATEMENTS REGARDING THE COMPANY'S PLANS, GOALS AND, THE BUSINESS STRATEGY OF THE COMPANY AND OTHER MATTERS THAT ARE NOT HISTORICAL FACTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT OR THAT THE ANTICIPATED FUTURE RESULTS WILL BE ACHIEVED. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY EITHER BECAUSE ONE OR MORE PREDICTIONS PROVE TO BE ERRONEOUS OR AS A RESULT OF OTHER RISKS FACING THE COMPANY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, THE COMPARATIVELY LIMITED FINANCIAL RESOURCES OF THE COMPANY, THE INTENSE COMPETITION THE COMPANY FACES FROM OTHER ESTABLISHED COMPETITORS, TECHNOLOGICAL CHANGES THAT MAY LIMIT THE ABILITY OF THE COMPANY TO MARKET AND SELL ITS PRODUCTS AND SERVICES OR ADVERSELY IMPACT THE PRICING OF THESE PRODUCTS AND SERVICES. ANY ONE OR MORE OF THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED, EXPRESSED, OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENT TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.
Contact: Plasticon International, Inc.: Jim Turek President and CEO 3288 Eagle View Lane, Suite 290 Lexington, Kentucky 40509 web site: http://www.plasticonintl.com
Contact Investor Relations: Andrea Cox Ph: 866 843 2775
-------------------------------------------------------------------------------- Source: Plasticon International, Inc.
Posted by vinnie1 on :
GREAT PR LOOKING GOOD.
Posted by Bearclaw on :
The virtual tour is great...real people doing real work...producing quality products...
Posted by Murnak on :
are you freekin kid'n me? 900%??? POS! wouldn't let me sell...besterds that was fun Yeah...I figured it was a fat finger but looked like someone goofed and bought at .02 instead of .0022, I tried. scottrade would be hunting for me if the sell went through but I'd be in mexico!
Posted by vinnie1 on :
FAT FINGER LOL
Posted by IMAKEMONEY on :
Lets get some gooood news here.
Posted by BooDog on :
did you listen to the web cast?
Posted by vinnie1 on :
NO WHAT DID THEY SAY?
Posted by vinnie1 on :
SHAKE DOWN NOW
Posted by Chopper on :
I will repost my visit to Pro Mold as I think what I had reported in January was dead on spot.
Well let's revisit something worth reading.
Subject..ProMold Visit My visit to ProMold was interesting, informative and money well spent. I will say this once and only once and will not respond to questions by board members that would or could be construed or implied as sensitive information. I was not given any insider information nor would I ask. This will be the only post on my visit. (TIA) I went merely to see a company in operation producing some of the product that was PR d by the parent company. What I found was nothing less than amazing.
I had called Jim Turek s office in advance and asked if I could visit ProMold at John Murphy s convenience and would Jim be Ok with it. I realize they have gotten a lot of grief as of late on the ****s and some really tasteless phone calls by crass investors. Surprising any company with an impromptu visit is just inappropriate and could be mistaken as an aggressive gesture by a disgruntled investor. Plasticon s response was it would be ok with Mr. Murphy s approval. I called John and asked the same question and he agreed to meet with me and set the appointment for Saturday the 7th. I arrived at ProMold to a warm welcome from the CEO.
We chatted in his office for a while and he then took me on a tour of the plant. John Murphy is a very shrewd and hands on kind of fellow with 40 years in the plastics injection and extrusion mold industry. He has owned ProMold for 20 years and has grown the company from its meager beginning to producing everyday use and specialty products for some very prestigious fortune 500 companies. A Coffee Maker company and a certain Battery company are just two of their clients.
When we walked into the plant the very first machine that I saw was Plasticon s Brand New Toyo machine. Very nice piece of equipment I did notice a new piece of equipment attached to the Toyo which is a high tech dryer used for curing the finished plastic rebar supports allowing the machine to recover and cycle faster producing more product in a much shorter time. There was product that had just come out of the machine sitting on the receiving table and I found myself holding the (what is thought to be by some investors the elusive 4 legged Plasticon Rebar Supports.) LOL
The plant runs the machines 24/6 and has ten high tech pieces of equipment in the main production facility. There is plenty of room for expansion for additional Plasticon Toyo s. At every single machine they have a quality control book to log every run of every machine every day and the QC supervisors actually run all the machines on each of the three shifts to detect any problems or nuances with the production runs and machines.
After all products are run, they go to a Quality Control room where key vital products are tested. In many of the parts produced (Each and Every Piece is tested, 100% inspection)! ProMold has developed a new testing machine specifically used to test rebar supports to meet and far exceed the specifications of the concrete industry for plastic rebar supports. SWEET! Quality control is a huge deal with ProMold and shows in their product production and Clientele.
The next room was the mold warehousing and refurbishment center. Engineers are used to keep this high dollar asset room pumping out molds to the machines for the various runs in the plant.
The next room was the tool cage to support the mechanics and engineers with the parts and tools needed to take on the never ending maintenance task of keeping all the machines running 24/6.
The next room was the equipment support center to supply the machines with water, power, air and HVAC to each individual machine as well as the same for the plant.
The next room was the raw material room containing a HUGE supply of product for the various parts produced. 55 gallon drums were the bulk of the product stacked 15 feet high and many layers deep. WOW
The last room in the plant was shipping and receiving with 4x4 pallets of product to be shipped that next week stacked 3 high and the length of the entire area 3, 4 and 5 deep. The trailers that were at the docks were already loaded and ready for pickup and shipment that next week. ProMold also has rail access for railroad shipment. BTW there was a boat load of Plasticon product going out that next week folks.
In summery the ProMold 35k sq ft operation can best be described as a Ferrari Power Train under a plain wrapper. This company is the real deal and so is the President John Murphy. I hope this eases some of the nervous investors and squelches some the nay sayers. Do your own due and Good Luck to All!
Posted by BooDog on :
quote:Originally posted by vinnie1: NO WHAT DID THEY SAY?
http://www. the green baron . com/Webcasts.htm
Posted by vinnie1 on :
A DAMN BUYBACK WOULD BE NICE.
Posted by BooDog on :
Not giving up my shares!!! LOL
Posted by foxtrot6 on :
AMERITRADE WONT LET YOU BUY PLNI They have it on their funny trading list since 4-28-06 and even if you already have shares and call in they wont sell you anymore. WTF???
Posted by Murnak on :
An interview that The Green Baron Report arranged for Bill Howe that includes a discussion of Plasticon and Nova Energy. http://www.streetiq.com/ticker.shtml#PLNI Posted by vinnie1 on :
no problem buying or selling with scottrade.
Posted by vinnie1 on :
BUYBACK NEXT MONTH TIME TO BUY MORE WHILE YOU CAN AND NO RS.
Posted by Bearclaw on :
You have to go through a broker...Make sure you tell him/her you want the on-line fee not the brokers fee...
quote:Originally posted by foxtrot6: AMERITRADE WONT LET YOU BUY PLNI They have it on their funny trading list since 4-28-06 and even if you already have shares and call in they wont sell you anymore. WTF???
Posted by Murnak on :
From CT interview the buy back will work with an exchange of shares... they will offer shareholders a 2 for 1 (ex shareholder turns in $1000 dollars worth of share the company will then issues that shareholder $2000 dollars worth of preferred shares convertible in one year, What this does is buys the company 12 months of reducing the issued and outstanding shares and reducing the float. Also should the stock price move higher during that 12 month period at the time of conversion the shareholder will be getting less shares back and that will have effectively reduced the issued and outstanding shares for the company and yet the shareholder will get a dividend or a bonus of 2 for 1 on their money)... more info to be released in 30 to 40 days.... again this information was retrieved from http://www.streetiq.com/ticker.shtml#PLNI on a interview with Bill Howe the words in the example I
Posted by rimasco on :
for the record i put a nuy on this baby at 0022 but allstocks took it down
(i need to build my confidence back up after PAIM)
Posted by IMAKEMONEY on :
.0027 NICE!!
Posted by BooDog on :
very nice.
Posted by IMAKEMONEY on :
NOW THATS A SPREAD .0021 TO .0027
Posted by Chopper on :
Nice close today at .0027. Hope to see past .003 tomorrow. GLTA
Posted by vinnie1 on :
made a little today on this.
Posted by Chopper on :
Another interview has been found that was done by Bill Howe for PLNI.
XXX.streetiq.XXX/ticker.shtml#PLNI Replace XXX with www and com.
Posted by bobcat88 on :
quote:Originally posted by Chopper: Nice close today at .0027. Hope to see past .003 tomorrow. GLTA
I hope to see past .0062! been sitting on this lillypad way too long.
Posted by GVMOORE on :
More PR to come. Should get back to .0150 range IMO.
Posted by Black0r on :
Nice volume and PPS increase, and no one's posting?! Posted by IMAKEMONEY on :
very nice.
Posted by IMAKEMONEY on :
Aug 11, 2006 8:04:34 AM
Aug 11, 2006 (M2 PRESSWIRE via COMTEX News Network) --
PLASTICON INTERNATIONAL, INC. (OTC: PLNI) "Up 22.73% at close on Thursday"
Plasticon International, Inc. (OTC: PLNI) engages in the design, production, and distribution of industrial and commercial products. The company's product portfolio includes concrete accessories, such as rebar supports; informational and directional signage; and plastic lumber, which are produced from recycled and recyclable plastics. It also resells these products, as well as concrete products made from recycled glass. Further, Plasticon International offers frame sliders, wheels, lowering links, adjustable kick stands, and top clamps. Its products are used in a range of applications, including bridges, highways, roads, buildings, and other infrastructure. The company was founded in 1981. It was formerly known as Wicklund Holding Company, Inc. and changed its name to Plasticon International, Inc. in 2004. Plasticon International is based in Lexington, Kentucky.
PLNI News:
August 10 - Plasticon Announces Webcast of Pro Mold, Inc. Factory Tour, Which Details Quality Control Practices and Provides Strength Test Demonstration
Plasticon International, Inc. (Other OTC:PLNI) announced today that the Company has released video footage of a tour of the Pro Mold, Inc. facility, which gives the public and Plasticon's shareholders a detailed account of new quality control practices in place at Pro Mold, provides a strength test demonstration of Plasticon's revolutionary slab bolster product (one of the Company's patented recycled plastic rebar support products), and shows the official handing over of the keys to Plasticon International, Inc. Pro Mold, Inc. is a wholly-owned subsidiary of Plasticon International, Inc. In addition, the recently announced audio taped webcast interview with CEO Jim Turek and Senior Consultant Bill Howe is now available at www.*************.com.
"This is really a thrilling moment for Plasticon," said Jim Turek, President and CEO of Plasticon International, Inc. "In 2006, through the Pro Mold facility, we have controlled the manufacturing process from start to finish, which has led to outstanding production efficiencies and vastly improved quality control. I am happy to report that along with those improved manufacturing processes, we have had a corresponding improvement in revenues in the first two quarters of 2006. We encourage our shareholders and the public to view the footage by clicking on the link below. We believe that anyone who views this footage will be impressed by the quality control practices that Pro Mold, Inc. has in place. We will continue to strive to be an industry leader in quality control. Additionally, we encourage shareholders to review the strength test of Plasticon's revolutionary slab bolster product, which is demonstrated by Pro Mold plant manager Gary Gutterman. In the demonstration, the slab bolster holds approximately 3,000 pounds sitting across four points of the slab bolster, and it does not break or crash under the weight and pressure. We believe that Pro Mold, Inc. has tremendous potential for continued growth going forward, and we look forward to continuing to improve operations at the facility."
Video footage of the Pro Mold, Inc. facility can be seen by clicking on the following link: www.webcasting.com/plasticon/. There are four links provided on that page, including exterior footage of the Pro Mold, Inc. facility, the official handing over of the keys to Mr. Turek, a Plant Tour which details quality control and manufacturing processes, and finally a strength test demonstration of Platicon's revolutionary slab bolster product.
An additional webcast of comments from John Murphy, President of Pro Mold, Inc. regarding revenues from the first two quarters of 2006, and the delivery of the two state-of-the-art Toyo injection molding machines will be available in the next several days.
Posted by IMAKEMONEY on :
Plasticon International, Inc. (OTC:PLNI) - Thursday's shares increased 22.73% over open to $0.0030. The volume was at 32,845,830. Plasticon International, Inc. announced today that the Company has released video footage of a tour of the Pro Mold, Inc. facility, which gives the public and Plasticon's shareholders a detailed account of new quality control practices in place at Pro Mold, provides a strength test demonstration of Plasticon's revolutionary slab bolster product (one of the Company's patented recycled plastic rebar support products), and shows the official handing over of the keys to Plasticon International, Inc. Pro Mold, Inc. is a wholly-owned subsidiary of Plasticon International, Inc. In addition, the recently announced audio taped webcast interview with CEO Jim Turek and Senior Consultant Bill Howe is now available at www.*************.com.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, 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.
Posted by Daddy Warbucks on :
Any guesses on how high this'll go?
Posted by ed19363 on :
$10 a share, eventually
Posted by successinstock on :
now ed.....i can see 8 or 9 bucks, but 10??....no way.....lllooolll
good luck all. time 4 plni to bounce back up to a penny
Posted by IMAKEMONEY on :
IN AND GREEN!!
Posted by MoneyMoneyMoney on :
Always protect your capital and take a little profit when the chance presents itself.
Ok ... one fat fingered order once in a while is nothing, but 3 in just a couple weeks? And when i go to stockcharts dot com, it shows 5 since June ... I mean, we all think the PPS should be way higher, but somebody is really getting ahead of themselves.
Posted by IMAKEMONEY on :
Related Quotes Sym. Price Chg. PLNI Trade News 0.0025 0 Plasticon Announces Webcast Featuring Delivery of Toyo Machines toPro Mold, Inc. Facility and John Murphy Discussing Pro Mold, Inc.2006 Revenues
Aug 15, 2006 08:31:11 (ET)
LEXINGTON, KY, Aug 15, 2006 (MARKET WIRE via COMTEX) -- Plasticon International Inc. (PINKSHEETS: PLNI) announced today that the Company has released video footage of the delivery of two state-of-the-art Toyo Plastar TM 500 H2 plastic injection molding machines to the Pro Mold, Inc. facility, and a webcast of John Murphy, President of Pro Mold, Inc., discussing Pro Mold's revenues for 2006.
In the footage, Mr. Murphy discusses the growth that Pro Mold, Inc. has experienced in 2006. "This has been exciting... In the first quarter [of 2006], we experienced 20% growth over last year. Our backlog for the second quarter was 30% greater than it was last year. So adding this equipment gives us another 25% capacity, which still requires us to work Saturdays so we're on a six-day week. All of this has been financed by Plasticon. We are now their subsidiary. And they have just done a wonderful job of bringing new business in here, although some of it has been new accounts for us, that were brought in by our own salespeople. It's an exciting time, just really nice growth going on [with the Company]."
Video footage of the Pro Mold, Inc. facility can be seen by clicking on the following link: www.webcasting.com/plasticon2/ . There are two links provided on that page, including the 'Machine Delivery' link which captures the delivery of two state-of-the-art Toyo Plastar TM 500 H2 plastic injection molding machines, and a second link entitled 'Comments from John Murphy, President of Pro Mold, Inc.,' where Mr. Murphy discusses Pro Mold's performance in 2006.
About Plasticon International, Inc.
Plasticon International ( www.plasticonintl.com ) designs, produces, and distributes high-quality concrete accessories, transportation signage, and plastic lumber 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.
FORWARD-LOOKING STATEMENTS:
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS". FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. IN SOME CASES FORWARD-LOOKING STATEMENTS CAN BE IDENTIFIED BY THE USE OF FORWARD-LOOKING WORDS SUCH AS "BELIEVES," "EXPECTS," "MAY," "WILL," "SHOULD," OR "ANTICIPATES," OR THE NEGATIVE OF THESE WORDS OR OTHER VARIATIONS OF THESE WORDS OR COMPARABLE WORDS, OR BY DISCUSSIONS OF PLANS OR STRATEGY THAT INVOLVE RISKS AND UNCERTAINTIES. MANAGEMENT WISHES TO CAUTION THE READER THAT THESE FORWARD-LOOKING STATEMENTS, INCLUDING, BUT NOT LIMITED TO, STATEMENTS REGARDING THE COMPANY'S PLANS, GOALS AND, THE BUSINESS STRATEGY OF THE COMPANY AND OTHER MATTERS THAT ARE NOT HISTORICAL FACTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT OR THAT THE ANTICIPATED FUTURE RESULTS WILL BE ACHIEVED. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY EITHER BECAUSE ONE OR MORE PREDICTIONS PROVE TO BE ERRONEOUS OR AS A RESULT OF OTHER RISKS FACING THE COMPANY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, THE COMPARATIVELY LIMITED FINANCIAL RESOURCES OF THE COMPANY, THE INTENSE COMPETITION THE COMPANY FACES FROM OTHER ESTABLISHED COMPETITORS, TECHNOLOGICAL CHANGES THAT MAY LIMIT THE ABILITY OF THE COMPANY TO MARKET AND SELL ITS PRODUCTS AND SERVICES OR ADVERSELY IMPACT THE PRICING OF THESE PRODUCTS AND SERVICES. ANY ONE OR MORE OF THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED, EXPRESSED, OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENT TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.
Contact: Plasticon International, Inc.: Jim Turek President and CEO 3288 Eagle View Lane, Suite 290 Lexington, Kentucky 40509 web site: www.plasticonintl.com
Contact Investor Relations: Andrea Cox Ph: 866 843 2775
The Green Baron Report continues to report anything that might help our members make an informed decision about trading in Plasticon Intl. We understand that through recent press releases, information gained directly from its auditing firm, and in webcast interviews broadcast last week that the final audit would probably be filed this week.
We fully understand the lack of further patience here, but The Green Baron Report must remind everyone that Plasticon’s press release on August 3 stated that “the audited financials to be completed and filed in August”. Although much of the talk recently was geared for the final audit to be done this week, we would not hold their feet to the fire quite yet. There is still some time left in August, and we would not be surprised if the audit took another week to complete.
Audits must pass through an additional review process due to rules in Sarbanes Oxley. We do not think Plasticon wants this to take any longer than any of us. Knowing all this, Plasticon was bold enough to publicly state that the audit would be completed by the end of this month, and we still expect this to happen.
About Plasticon International, Inc.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, and plastic lumber 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 3288 Eagle View Lane, Suite 290 Lexington, Kentucky 40509 web site: www.plasticonintl.com
Contact Investor Relations: Andrea Cox Ph: 866 843 2775
Posted by will on :
A premptive strike, an excuse before it's needed. Proactive, making a negative a positive, nice tatic.
LOL
Posted by ed19363 on :
How do you feel about investing in a company that cant seem to get their filing act together? No excuses, now, if you know you're gonna hit heavy traffic, you leave a half hour early. So why not start the filing a couple days early? Heck of a way to run a business. Like maybe Sarbanes/Oxley is something brand new?
Posted by Chopper on :
Nothing new it appears. Sure wish they would get the 10k out this week.
Posted by Chopper on :
Official Secretary Of State Change of ownership of Pro-Mold from John P. Murphy to James N. Turek Sr.
From Rick on Ihub. Note that Turek signed it on 8/1/06, but it didn't make it to filing until 8/21/06. That is an indication of the delays involved in getting paperwork through the lawyers and such. It is not impossible that a sequence of filings are required to ensure proper submission of the 10-KSB. I don't know enough about it, but the delay on filing of ownership change was significant, and may have had an impact to several things. Keeping the faith that the audit is about to drop.
Posted by Bearclaw on :
Semco next...
Posted by Chopper on :
From the Green Baron today.
Plasticon Intl. (PK: PLNI)
The Green Baron Report still believes Plasticon will be able to file its audit as promised by the end of August. In the event that Plasticon files the completed audit, we plan to provide another webcast interview with CEO Jim Turek to discuss the entire event in more detail. Our hope is to have the interview available within a few days of the filing.
About Plasticon International, Inc.
Plasticon International designs, produces, and distributes high-quality concrete accessories, transportation signage, and plastic lumber 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
3288 Eagle View Lane Lexington, Kentucky 40509 Contact Investor Relations:
Andrea Cox
Ph: 866 843 2775
Posted by ed19363 on :
Another missed deadline. This company has a very bad record of not fulfilling their promises. And GB keeps pumping it. IMO, this is turning into a POS stock.
Posted by will on :
Turning it into a POS stock ???
It has been, Broken promises has litle do with it.
DILUTION !!!!
Hit a new 52 wek low today, .0012, closed at .0014.
Right .0015 in my dreams, is what that one pump hump told me. Soon some will be hoping that it can get back to .0015, in their dreams, pal.
Posted by will on :
Holy Crap is right !
Another 52 week low .001, closed at .0011.
Posted by will on :
Probably accuumulation or a company share buy back.
Posted by Upside on :
quote:Originally posted by will: Holy Crap is right !
Another 52 week low .001, closed at .0011.
Aren't they a real company with a real product though?
Posted by will on :
They sure are. Seems their number one product is priniting shares.
quote:Originally posted by Upside:
quote:Originally posted by will: Holy Crap is right !
Another 52 week low .001, closed at .0011.
Aren't they a real company with a real product though?
Posted by Upside on :
I thought they made plastic re-bars or something like that?
Posted by Retired_Insider on :
Starting to look like QBID did with huge blocks going through after the bell.
0.001 7000003 OTO 16:06:31 0.001 9999999 OTO 16:06:31 0.001 9999999 OTO 16:06:31 0.001 9999999 OTO 16:06:31
Posted by will on :
5-Day Average Volume 61277516
Close .001
20-Day Average volume 33964930 50-Day Average volume 23943604 100-Day Average volume 24225895
Still believe it is accuumulation and / or company buy back. It would appear to be even more dilution.
Posted by Chopper on :
LOL, I don't think so retired. If it was a QBID copy, you would have had to ad 63 more after hr trades at 99999999 every day of the week.
Posted by DQ. on :
What tha' hell's the deal?? Are we ever going to move back toward .005 or .01?? Give me some more financials already!
Posted by mbmaid on :
Thos prices will be hard to come by now. Turek lied. He put out PR's about retiring shares, then diluted the hell out of what was once a golden star in the sky. That's not to say that the company will now succeed, but there are too many shares out there right now. I will be buying in the triple zeroes.
Posted by Bearclaw on :
10KSB on pink sheets this morning...audit out for 2005!!!!!
Posted by DQ. on :
Thank goodness for some news!!!!
Posted by Chopper on :
Well DQ made a wish upon a star and he got his wish. Dang Boy, do some more wishen !!!!
Appears to be a lot of money being wasted on futile efforts to boost sales. This needs to be trimmed a bunch if they are ever to show any profit.
Posted by DQ. on :
My new wish????? .02 again
Posted by DQ. on :
My new wish????? .02 again
Posted by DQ. on :
My new wish????? .02 again
Posted by DQ. on :
Sorry about the stupid reposts. Maybe third time's a charm.
Posted by will on :
Holy Crap 2005 audit !
Another new 52 week low, .0009.
Posted by Retired_Insider on :
I will put in my buy at .0001 one more week and it will be there.
Posted by will on :
Try .0005, and have a little patience.
Posted by atleast on :
what are all after bell stuff? Price Size Exch Time 0.0011 100 OTO 16:44:58 0.0011 9999999 OTO 16:44:58 0.0011 9999909 OTO 16:44:58 0.0011 9999999 OTO 16:44:58 0.0011 9999999 OTO 16:44:58 0.0011 9999999 OTO 16:44:57 0.0011 9999999 OTO 16:44:57 0.0011 9999999 OTO 16:44:57 0.0011 9999999 OTO 16:44:57 0.0011 9999999 OTO 16:44:57 0.0011 9999999 OTO 16:44:57 0.0011 9999909 OTO 16:43:52 0.0011 100 OTO 16:43:52 0.0011 9999999 OTO 16:43:52 0.0011 9999999 OTO 16:43:52 0.0011 9999999 OTO 16:43:52 0.0011 9999999 OTO 16:43:52 0.0011 9999999 OTO 16:43:52 0.0011 9999999 OTO 16:43:52 0.0011 9999999 OTO 16:43:52 0.0011 9999999 OTO 16:43:52 0.0011 9999999 OTO 16:43:52 0.0011 100 OTO 16:43:12 0.0011 9999999 OTO 16:43:12 0.0011 9999909 OTO 16:43:12 0.0011 9999999 OTO 16:43:12 0.0011 9999999 OTO 16:43:12 0.0011 9999999 OTO 16:43:12 0.0011 9999999 OTO 16:43:12 0.0011 9999999 OTO 16:43:12 more ...
Posted by IMAKEMONEY on :
It's all about the Money baby and if your smart enough to wait for just the right moment to buy in and knowing when to sell. YEP.$$$$$$$$
Posted by glassman on :
As of December 31, 2005, there were 3,727,740,100 common shares outstanding. The closing price of the Company’s common stock as of December 30, 2005 was $0.0044.
haahaahahaahahaa... what on earth is everybody fighting about?
call me when they RS it one for 10,000...
you guys are funny...
and quit calling each other names.... this is jr high school now not kintygarten...
Posted by IMAKEMONEY on :
BUT,BUT I got my space suit on, were not going to da moon, lol
Posted by glassman on :
seriously? we got GTEL to triple last year, and it had what? 1.5 billion?
but nobody said it was a great company.. it was all about whether it could fly...
and? we are still waiting for it to fly darnit, and it's right back where we started...
the namecalling is obviously not being taken as a joke by some..
so cut it out..
if you want to "work" a stock with 3.5 billion shares out? you are gonna face that kind of criticism...especially from relentless... he loves this stuff..
we don't WANT to put anybody in the corner or
feed this to anybody for a snack do we?
Posted by IMAKEMONEY on :
NO BASHING GTEL. Posted by will on :
As of (June 16, 2006) there are common shares and preferred shares issued for PLASTICON (PLNI. There has never been a securities offering of PLNI shares. The listed companies are the only companies to receive compensation for IR/PR *Big Apple Consulting: 44,006,805 *Equity link 330,000,000.
i Period end date 6/16/2006 ii Total number of shares the corporation shall be authorized to issue is: 13,500,000,000 shares of common stock and 6,000,000,000 of preferred stock iii Total amount of securities outstanding 4,977,740,339 common shares and 1,000.000 preferred shares iv Freely tradable shares public float 2,804,576,805 v Total number of shareholders 10,079
glass, that is the most up to date accounting of PLNI share structure as found at pinksheets.com.
Wonder what the conversion ratio of those 1,000,000 preferred shares is ?
Posted by will on :
Sorry to have to correct you, glass, but instead of 3,727,740,100, these folks are now staring down the gun barrel at 5,000,000,000 isued and outstanding.
Oh, almost forgot those 1,000,000 shares of preferred stock, of which noone knows the deatil of.
Posted by will on :
What the heck though, in the immortal words of Senator Everret Dirkson, the unctious speaker from the great state of Illinois.
"A billion here, a billion there, and pretty soon you're talking real money" !
Btw, even though that quote is attributed to Dirkson there isn't any written or audio record of him ever uttering those words.
Posted by will on :
Now, before someone reminds me, and calls foul, because there are only 2,804,576,339 in the public float, I would like to know the detail of the other 2,173,164,000 shares.
Who holds them? Are they restricted, if so how many, and for how long.
Also the 1,000,000 shares of preferred isuued and outstanding. What is the detail of those shares? Who holds them, are they restricted, what is the conversion ratio to common?
The answer is, probably no one knows for sure. Which begs the question, why isn't PLNI forthright and forthcoming with information any right minded individual who turns their hard earned money over to a company would want to know. Maybe folks find the management of highly diluted issues honest and trustworthy, but wouldn't one think before he appoints someone a steward of his hard earned money he might deserve an answer to these basic fundemental questions? Deserve an answer, he should DEMAND an answer. We have seen this type of hype and blind faith in pink sheet companies end in disaster, time and time again. (QBID, CMKX...)
Posted by Bearclaw on :
The estimate of PLNI shares shorted is in the hundreds of millions...Some say it could be as high as 800-900 million shares...Remember...only shorted shares are counted and not the shares to cover the short...that's why this exact number is almost impossible to pin down..
At various times and on numerous message boards the group attacking PLNI said the following over the last 14+ months in an attempt to mislead as this stock was shorted and the PPS driven down...The top 10 accusations as posted by another investor......
1. PLNI made no products... it was a total scam shell company.
2. PLNI held no patents for concrete accessories.
3. PLNI had no contracts with BlueLinx.
4. The ProMold acquisition was false and never occurred.
5. The SEMCO acquisition was false and never occurred.
6. PLNI had no audit underway... there was no auditor.
7. PLNI would never return to Pinksheets quotes because it was a scam.
8. PLNI would never submit an audited financial statement.
9. PLNI would never uplist to the OTC BB.
10. PLNI's 200M share retirement and stock restructuring plan was a fraud.
Lets see the score....
1. PLNI made no products... it was a total scam shell company. A PROVEN FALSE STATEMENT. Products have clearly been produced by third party manufacturers (TPM) for sale. Photographs of the products have been taken. Recent lawsuits verified the creation of products that didn't meet quality specifications due to the TPM using resins of a quality that was not authorized. Recent financials indicate ~$1.8M in revenue from sales in Q1 2006. https://www.otcstockinfo.com/repository/671/671_FR8.pdf
2. PLNI held no patents for concrete accessories. A PROVEN FALSE STATEMENT. Patent # 4942714 has a duration of 17 years, was issued July 24, 1990 and is assigned to Promotional Containers Inc. The assignment is currently valued at ~$12M. The PCI, inc patent was purchased by PLNI in January 2005 as stated on page 20 of the Form 15c-211 submission of Apr 24 2006. Patent # D500,243 has a duration of 14 years, was issued December 28, 2004 and is assigned by Jim Turek Sr, President and CEO of Plasticon International, Inc., to Jim Turek Jr, and Brandon Turek. The assignment protects the patent, currently valued at ~$4M, from being lost in any hostile takeover. It replaces patent D324,643 which was abandoned in 2006. An assignment, grant, or conveyance of any patent or application for patent can be acknowledged before any notary public or officer authorized to administer oaths or perform notarial acts. The certificate of such acknowledgment constitutes prima facie evidence of the execution of the assignment, grant, or conveyance.
3. PLNI had no contracts with BlueLinx. A PROVEN FALSE STATEMENT. BlueLinx has validated recent high volume sales of PLNI products to multiple posters on RB, Si, and iHub. Published financials confirm 2006 sales of ~$1.8M via the BlueLinx network during the first quarter of 2006. POC Eastern Sales Center: Mike Thornton 800-839-2588 https://www.otcstockinfo.com/repository/671/671_FR12.pdf
5. The SEMCO acquisition was false and never occurred. A PROVEN FALSE STATEMENT. The sale was identified on page 15 in the 2004 10-KSB audited financials. The company IR Rep has said that an 8-K of the sale is pending submission to EDGAR. http://www.sec.gov/Archives/edgar/data/318262/000133118606000023/plni0410k.htm
6. PLNI had no audit underway... there was no auditor. A PROVEN FALSE STATEMENT. Mendoza Berger and Co, LLP http://www.mendozaberger.com/ certified the recently submitted audited financials on Page F-1 of the 2003-04 10-KSB. The prestigious company Dean, Dorton, and Ford http://www.deandortonford.com/services_financial.html has assumed the financial accounting role for PLNI in anticipation of rapid growth.
7. PLNI would never return to Pinksheets quotes because it was a scam. A PROVEN FALSE STATEMENT. Pinksheets has returned Level-II quotes after full compliance with stringent reporting criteria. https://www.otcstockinfo.com/repository/671/671_FR18.pdf
10. PLNI's 200M share retirement and stock restructuring plan was a fraud. APPARENTLY ANOTHER FALSE STATEMENT. Pinksheets data posted on their website indicated that the O/S moved from 2.0B to 1.8B before increasing to 2.3B. The 200M share retirement took place and had it not the OS would be 200M shares greater than todays number. In a recent CFN Network interview the company stated again that the Share restructuring program should be announced in Sep 2006. http://biz.yahoo.com/iw/060508/0127595.html
Given the above record .... It appears they intentionally mislead investors about a lot!
Posted by will on :
I will and can only warn any new investor considering investing in this company based on believers and current long shareholders opinions and urgings, first ask these kind of questions. Don't be fooled or doubled talk, DEMAND clear concise answers before turning your money over to this company. Do NOT consider this as a long term investment unless you do have those answers from the company in writing. Do not believe rumor, do not believe current longs. Because someone says something does not make it true.
I would encourage everyone to PLAY such an issue though. The only thing one has to be wary of is the likelyhood of DILUTION. What appears to be legitimate volume, (which is what many use as a signal for a stocks readiness to move), might be the company diluting the share value of the company by increasing supply. This is a NONreporting pink. True, they have published some financials, but the are not truly reporting until the file to be an OTCBB with the SEC. Fiancials does NOT make a company FULLY reporting. The can dilute undetected, and you will not know until they want to tell you.
So, Mr New Investor, I can only caution you to pass on this company, no matter who paints a rosie picture of promised things to come.
Posted by will on :
This is not about he said, she said, he said. It is not what either side pro or con has said or proven right or wrong by the other.
It is abut a highly DILUTED company that has and continues to work in secrecy not being forthright and forthcoming with basic information one needs to know before investing.
If you want to see how situations like this end, go to the archives here and read the threads and history of CMKX and QBID.
Posted by will on :
Is this stock shorted? Is it on the SHO list? Can people claiming NSS prove these accusations. If so, where is the proof. It isn't about the top 10 accusations some ficticious group might have made. Show proof of NSS. Actually hardcore proof from trusted sources such as the SEC. Even if a stock is shorted, demand to see proof to what extent, seems to be claims of 800-900M NSS. If this is true, I am sure there is proof with a trustworthy, reliable source, (SEC).
Posted by will on :
I recall CMKX there were claims of 100's millions even trillions of NSS existing. Never proven. an SEC investigation proved the opposite, that there were very few shorts. Read the transcripts of that SEC hearing, they are burried in the archives here.
In situations where investors don't want to admit poor judgement or failure they tend to take the NSS route to support their arguement. It can't be proven, it is a negative, that just can't be proved or disproved. It is a position that can be easily attacked from either side. They will also make up the most outragious and complicated theories, even go as far as accusing the SEC and evil cabals plotting against their company. There isn't any complicated theory, from life's expereince people usually learn that the easiest and most logical conclusion is the accurate one.
Posted by will on :
From PLNI latest financials :
The SEC is conducting an informal inquiry into Plasticon International Inc. Plasitcon....has no legal matters pending with the SEC and is voluntarily cooperating with the informal inquiry...... it goes on
Read it all on the very first page of their financials, answer ro question number 11.
Formal or informal, why would the SEC be investigating a forthright and trustworthy company that played by the rules ans had their required financial filings up t date?
Posted by will on :
James N Turek's 15.9% represents direct and inderect ownership of common shares ** Mr Turek has controlling interest of Plasticon Internatioanl Inc.with 1,000,000 class B preferred shares which gives him voting rights equivalent to 7.3 billion common shares.
December 31, 2005. Anyone familiar with basic reading of balance sheets might want to look at the current assets versus the current liabilities.
Current Assets : $1,231,008
Current Liabilities : $5,366,096
You donlt have to be a CPA to see a problem here. All one needs to know is the definition of the word assest and the word liability.
ASSET - 1. owned items: the property that is owned by a person or organization
LIABILITY - 1. money owed: all debts and other financial obligations that appear on a balance sheet.
Now add the word current to those words, which means readily available for either easily converted to cash (asset) or payment demanded by a creditor (liability).
A company with a 1 to 1 quick ratio, can cover its liabilites for one year. a 1 to 5 ratio company like we see here can cover it's liabilities for 1/5 of year, or 2.4 months.
You can see this is accurate as reported in their financials on the BALANCE SHEET :
Now, Mr New Investor I also encourage you too read the NOTES section of the financials. They might be a bit complicated for someone new, but read and comprehend what you can.
Posted by will on :
Well, if nothing else we now know who holds the 1,000,000 preferred shares, Mr James N Turek. Those shares are his trump card, and allows him to do whatever he likes without shareholder approval, he is shareholder approval.
Posted by will on :
I would like to encourage any new investor to check this site periodically. Pay special attention to the last box next to :
Common Shares:
Right now you will see 13BIL 500M, watch that number closely.
As of June 16, 2006 there were 4,977,740,339. I believe a company is required to have enough A/S to cover O/S plus any preferred shares equal to its conversion to common shares. That leaves the possibility of the O/S to gorw to 6.2B soon. The other 7.3B has to be reserved to cover those Series B prferred shares Mr, Turek holds. Once the 6.2B is reached you can expect to see the A/S raised. Check this page frequently.
All you have to do is type, Plasticon International Inc. in the inquiry box, and you can view the deatail.
[ September 09, 2006, 22:16: Message edited by: will ]
Posted by glassman on :
quote:Originally posted by will: Sorry to have to correct you, glass, but instead of 3,727,740,100, these folks are now staring down the gun barrel at 5,000,000,000 isued and outstanding.
Oh, almost forgot those 1,000,000 shares of preferred stock, of which noone knows the deatil of.
no problem will...
you know i only believe SEC filings...
i listen to everybody else and then i read the filings....
the 10KSB was filed on 9-8-06 but it covers ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the years ended December 31, 2004 and December 31, 2005
quote:Originally posted by will: Is this stock shorted? Is it on the SHO list? Can people claiming NSS prove these accusations. If so, where is the proof. It isn't about the top 10 accusations some ficticious group might have made. Show proof of NSS. Actually hardcore proof from trusted sources such as the SEC. Even if a stock is shorted, demand to see proof to what extent, seems to be claims of 800-900M NSS. If this is true, I am sure there is proof with a trustworthy, reliable source, (SEC).
i do have to question some of this tho Will...
i have spent a year and half studying share structures... i don't pretend to be the expert you are on these pinks with huge floats tho...
what i can tell you for sure is that NSing is borker reported...
the SEC isn't the "police"... the brokers are.. if the brokers are doing it? then they are on their honor... honor? haha... the problem is? it takes a STRONG company to break a short... naked or legal....
of course? it IS illegal for anybody but a MM making liquidity in his market to naked short... heh... right...
Posted by Relentless. on :
Hmmmn.. I'm thinking that even if PLNI is short by 800 million or even a billion shares.. so what? This is not the reason for the stock's seemingly perpetual decline. Yes that many shares would make a difference but certainly it is obvious that this company has severe problems. They have accounting problems that most 13 year olds would make fun of. Products that are not proven.. beleive me.. I do concrete every day.. plastic rebar is a bit iffy if you ask me.. Insert holders.. sure we use a bunch of them.. but not enough to go crazy over the company who makes them. Back to the shorting issue.. I have yet to see one company claim naked shorting and have it come out as anything other than the company itself issuing unregistered shares.. It's a convienient gimmic that first got USXP busted a few years ago. Same old BS scams.
Posted by glassman on :
NASD Rule 3360 has been expanded to require NASD member firms to report their short positions on all over-the-counter ("OTC") equity securities to NASD Regulation, on a monthly basis. Once the short position reports are received, the short interest is then compiled for each OTC security.
Firms are required to report their short positions as of settlement on the 15th of each month, or the preceding business day if the 15th is not a business day. The reports must be filed by the second business day after the reporting settlement date. The short interest data is compiled and provided for publication on the 8th business day after the reporting settlement date.
Pricing and publication restrictions are under consideration.
contrary to popular belief? pennies are "shortable"
and remember? if a broker reported naked shorts too? then they would be admitting to breaking the MM liquidity rule....
Posted by will on :
glass, I do not fancy myself an expert of pinks wih huge floats. I don't think one has to be any smarter than a wart to see HUGE shortcomings, and patterns with these issues.
You have a diluting company that reports its dilution long after it is done. Shareholders would have known little or nothing if it weren't for pink sheets holding PLNI's pink feet to the fire making them update their information. Shareholders saw that O/S on the company profile page change three times in less than a year, from about 1B O/S to about 3B O/S. to current, almost 5B O/S. Shareholders refused to identify the mega volume as dilution, they were telling new investors it was accuumulation and / or a company share buy back. If anyone dare suggested that it was dilution they were ridiculed and shouted down. Then the December enlightment, where it was reported O/S rose by almost 2B, not a one of them said a thing about it. They ignored it, glanced over it, acted as if it didn't happen. Then when another almost 2B of dilution was reported they missed that also, like it didn't ocurr. I fought and argued with the faithful foolish on the CMKX thread for over a year. They made the same excuse ratioanal for their precious diluted pos stock. This company has serious problems, and only those that have expereince, and are willing to take a possible hit should be "playing" it. Yes, "playing" it, not owning it for the long term.
Someone accused me of calling this company a scam. I did use the word scam, but I tink they took that out of context. Scam is an awefully harsh word. True they are under SEC scrutiny and are being investigated, but that doesn't make them a scam. They are in violation of reporting quarterly financials, but they are making an effort to clean that up. That part I find different than CMKX and QBID. CMKX and QBID talked audit but never filed anything, one was resolved with revocation, the other terminated operations. Right now PLNI doesn't have a bottom. The PPS could recover some here, (I wouldn't expect more than a double from current PPS), or it could continue is drift down to .0001. One would have to sort out the recent increase in volume, is it real interest or dilution?
5-Day Average Volume 61277516 20-Day Average volume 33964930 50-Day Average volume 23943604 100-Day Average volume 24225895
9/8 : 328725500
5-Day Average volume 128616016 20-Day Average volume 50608910 50-Day Average volume 30971619 100-Day Average volume 27747932
When I see numbers like that from a company with a PROVEN history of dilution it does not lead me to conclude accuumulation, a company buy back, not even NSS, or a bear raid by an evil cabal, it spells D I L U T I O N to me. It doesn't take an expert or genius to see that 5 Day Avg. volume spiking. In three days it went from, 45065340 to 128616016, an increase of almost three times. Now, given PLNI's history what would you suppose is going on? PLNI has room to increase the O/S to 6.2B, and it is my opinion they are in the process of doing that. The only entity that is attacking PLNI is PLNI itself, there isn't any mysterious dark evel plot, it s simply a victim of its own dilution.
There's claims of shorting, and a stock can be shorted, but I would think these faithful OVERSTATE, and EXAGGERATE it a million fold. If it is shorted to the extent of 800 / 900 M, prove those claims, it isn't incumbent upon me to prove that it isn't, the faithful are making the claim, prove it. If it is under attack from evil forces as in "bear raid" prove that claim, again, it isn't incumbent upon me to prove that it isn't, the faithful are making the claim. It is easy to spit out some complicated theory, but I have NEVER seen one of these claims proven. It is lip service to make peope with poor judgement and who are stuck in downward spiral feel better, and lure new investors in in anticipation of righting these so called wrongs.
If you are a new investor and reading this thread, please don't be fooled by these claims and the cheap share price here. Again, you must keep in mind even companies with serious shortcomings do have temporary gains, and if "played" properly can be profitable, but by all means, do NOT be lured into this by promises of the faithful that all will be made right, and PLNI will be your path to a wealthy retirement. That is nonsense at is purest simpleless form.
[ September 10, 2006, 09:26: Message edited by: will ]
Posted by Bearclaw on :
Read again please...Here's two intentional statements that are false...part of the overnight and todays barrage of posts by the same person...Wonder why that is? I won't go so far as to say lies...that's very harsh...
PLNI is not under SEC investigation...The SEC has asked to look into unknown issues...no one knows yet what those issues are...they could be very benificial to PLNI or not...more to come...
PLNI is not in voilation of quarterly reports ...it is a pink...quarterly reports are not required...when they do become fully reporting it allows them to move out of pinkies and become fully reporting...
Again I post the below...
posted September 09, 2006 07:55 PM -------------------------------------------------------------------------------- The estimate of PLNI shares shorted is in the hundreds of millions...Some say it could be as high as 800-900 million shares...Remember...only shorted shares are counted and not the shares to cover the short...that's why this exact number is almost impossible to pin down..
At various times and on numerous message boards the group attacking PLNI said the following over the last 14+ months in an attempt to mislead as this stock was shorted and the PPS driven down...The top 10 accusations as posted by another investor......
1. PLNI made no products... it was a total scam shell company.
2. PLNI held no patents for concrete accessories.
3. PLNI had no contracts with BlueLinx.
4. The ProMold acquisition was false and never occurred.
5. The SEMCO acquisition was false and never occurred.
6. PLNI had no audit underway... there was no auditor.
7. PLNI would never return to Pinksheets quotes because it was a scam.
8. PLNI would never submit an audited financial statement.
9. PLNI would never uplist to the OTC BB.
10. PLNI's 200M share retirement and stock restructuring plan was a fraud.
Lets see the score....
1. PLNI made no products... it was a total scam shell company. A PROVEN FALSE STATEMENT. Products have clearly been produced by third party manufacturers (TPM) for sale. Photographs of the products have been taken. Recent lawsuits verified the creation of products that didn't meet quality specifications due to the TPM using resins of a quality that was not authorized. Recent financials indicate ~$1.8M in revenue from sales in Q1 2006. https://www.otcstockinfo.com/repository/671/671_FR8.pdf
2. PLNI held no patents for concrete accessories. A PROVEN FALSE STATEMENT. Patent # 4942714 has a duration of 17 years, was issued July 24, 1990 and is assigned to Promotional Containers Inc. The assignment is currently valued at ~$12M. The PCI, inc patent was purchased by PLNI in January 2005 as stated on page 20 of the Form 15c-211 submission of Apr 24 2006. Patent # D500,243 has a duration of 14 years, was issued December 28, 2004 and is assigned by Jim Turek Sr, President and CEO of Plasticon International, Inc., to Jim Turek Jr, and Brandon Turek. The assignment protects the patent, currently valued at ~$4M, from being lost in any hostile takeover. It replaces patent D324,643 which was abandoned in 2006. An assignment, grant, or conveyance of any patent or application for patent can be acknowledged before any notary public or officer authorized to administer oaths or perform notarial acts. The certificate of such acknowledgment constitutes prima facie evidence of the execution of the assignment, grant, or conveyance.
3. PLNI had no contracts with BlueLinx. A PROVEN FALSE STATEMENT. BlueLinx has validated recent high volume sales of PLNI products to multiple posters on RB, Si, and iHub. Published financials confirm 2006 sales of ~$1.8M via the BlueLinx network during the first quarter of 2006. POC Eastern Sales Center: Mike Thornton 800-839-2588 https://www.otcstockinfo.com/repository/671/671_FR12.pdf
5. The SEMCO acquisition was false and never occurred. A PROVEN FALSE STATEMENT. The sale was identified on page 15 in the 2004 10-KSB audited financials. The company IR Rep has said that an 8-K of the sale is pending submission to EDGAR. http://www.sec.gov/Archives/edgar/data/318262/000133118606000023/plni0410k.htm
6. PLNI had no audit underway... there was no auditor. A PROVEN FALSE STATEMENT. Mendoza Berger and Co, LLP http://www.mendozaberger.com/ certified the recently submitted audited financials on Page F-1 of the 2003-04 10-KSB. The prestigious company Dean, Dorton, and Ford http://www.deandortonford.com/services_financial.html has assumed the financial accounting role for PLNI in anticipation of rapid growth.
7. PLNI would never return to Pinksheets quotes because it was a scam. A PROVEN FALSE STATEMENT. Pinksheets has returned Level-II quotes after full compliance with stringent reporting criteria. https://www.otcstockinfo.com/repository/671/671_FR18.pdf
10. PLNI's 200M share retirement and stock restructuring plan was a fraud. APPARENTLY ANOTHER FALSE STATEMENT. Pinksheets data posted on their website indicated that the O/S moved from 2.0B to 1.8B before increasing to 2.3B. The 200M share retirement took place and had it not the OS would be 200M shares greater than todays number. In a recent CFN Network interview the company stated again that the Share restructuring program should be announced in Sep 2006. http://biz.yahoo.com/iw/060508/0127595.html
Given the above record .... It appears they intentionally mislead investors about a lot!
Posted by will on :
"PLNI is not under SEC investigation...The SEC has asked to look into unknown issues...no one knows yet what those issues are...they could be very benificial to PLNI or not...more to come..."
See attached link below :
See answer to number 11. under item viii
Clearly states the SEC has an informal inquiry against PLNI, that equals investigation.
"PLNI is not in voilation of quarterly reports ...it is a pink...quarterly reports are not required...when they do become fully reporting it allows them to move out of pinkies and become fully reporting..."
Again see answer number 11. under item viii. In their financials it clearly states that the company has been notified by the SEC that they are in violation of section 13 of the EXCHANGE ACT by failing to files its quarterly and anual reports on a timely basis.
The SEC wouldn't notify a company that was in compliance.
This is PLNI's financial report in black and white. They freely admit both statements are FACT !
Is one expected to believe that if the SEC has asked to look into certain unknown issues that this could a good thing? I prefer to take the shortest surest path to the thruth. They are not contacting them via an informal inquiry to use them as a poster child for model business, that's for sure.
Posted by Relentless. on :
Funny how posts disappear on this thread.. Can someone please tell me what was objectionable in my post which was just before Glass' picture? The censorship on this thread is enough to bring a fraud case against this message board... Bob you'd better have a look at your moderator's actions.
Posted by IMAKEMONEY on :
RD, Dont you think in things like sidewalks, house slabs, even retaining walls, this could be a good thing no rust, yes we have epoxy coated rebar but when installed they get scraped up then start to rust seen it awhole lot here on the coast.JMO
Posted by Relentless. on :
Yeah epoxy coated rebar is a real pain in the azz.. we almost had to use it to rebuild the Hard Rock casino down here.. we're getting away with using a anti corrosive admixture which is easier to use and cheaper... cheaper by a good bit actually. I'm sure that plastic could be used in some pours where strength is of no concern.. Like you say driveways or house slabs maybe.. depends on the cost.. But for prestress like what I do?.. there's no way. I'm compressing my pieces at a little over three hundred thousand pounds.. plastic just ain't gonna get it.
Posted by dollar13 on :
quote:Originally posted by Relentless.: Funny how posts disappear on this thread.. Can someone please tell me what was objectionable in my post which was just before Glass' picture? The censorship on this thread is enough to bring a fraud case against this message board... Bob you'd better have a look at your moderator's actions.
Probably OFFTOPIC messages
Posted by IMAKEMONEY on :
As a concept i just see alot of good uses by the sea, saltwater is a killer, But yes PLNI is a dilution nightmare.
Posted by Relentless. on :
nope.. very much on topic
Posted by Relentless. on :
quote:Originally posted by IMAKEMONEY: As a concept i just see alot of good uses by the sea, saltwater is a killer, But yes PLNI is a dilution nightmare.
Yeah it's a good idea but there are limitations.. How will plastic rebar be bent? Can it be bent? How well does it bond to concrete? Is there any chemical reaction with concrete? Mix 1 might be ok, but mix 3 might eat it alive. What is the melting point? My pieces are cured at an accelerated pace.. temperatures approaching 200 degrees is not uncommon.. will plastic soften at these temps?
Posted by dollar13 on :
quote:Originally posted by Relentless.: nope.. very much on topic
sure ,i wonder why those were deleted
Posted by dollar13 on :
quote:Originally posted by Relentless.: Funny how posts disappear on this thread.. Can someone please tell me what was objectionable in my post which was just before Glass' picture? The censorship on this thread is enough to bring a fraud case against this message board... Bob you'd better have a look at your moderator's actions.
maybe this is the reason.
Posted by IMAKEMONEY on :
I would think prebent and or heat-guns onsite, now bonding seams like that could be an easy test, I thought the same thing once the concrete started to go off what will happen? but agian if the right company run the right test could work.
Posted by Relentless. on :
Yeah heat bending maybe, but then you have to worry about the melting temp of the plastic.. I'm detensioning pieces when they are still above 150 degrees.. That means I'm releasing the force from the tensioned tendons onto the piece by cutting the tendons from their anchors.. that's a good bit of force on plastic rebar that might or might not be fully solid.. or even bonded to the surrounding concrete. Too iffy and I've yet to see PLNI show any sort of test results that ammounted to anything more than jibber jabber aimed at luring another newbie into buying.
Posted by IMAKEMONEY on :
Yes tension slabs/ tilt-ups would be very iffy, but for Standard home construction i see alot of potnie.JMO
Posted by Relentless. on :
yep.. most of those are done with wire mesh and not a whole lot of strength is needed.. I think you'll be more of their customer than I would be.
Posted by IMAKEMONEY on :
Agreed.
Posted by will on :
No disrespect to you masons, but is product really important to any of these pinks, especially one diluting? How often do we see that they rarely have a viable product. So, this one claims to be on the cutting edge of inovative bulding materials. Unproven, but it's a claim.
More important are the issues of O/S, the potential for future dilution, and the company becoming forthright and forthcoming.
Now the SEC informal inquiry / investigation let's consider and speculate on that.
There has been allusions that this type action might be benficial to PLNI. Can anyone site a few cases where a company was involved in an SEC investigation, and it benefited them? The alluding might be to the claim that there are naferious forces and an evil cabal at work here, staging a "bear raid" on PLNI, and the SEC is investigating that, and PLNI is cooperating with that investigation. If that were the case it would lead me to ask the question, if it were true why doesn't the company tell its shareholders? Do you think that would discourage or encourage them? Well, the long's partyline answer to such a naive question is probably, the company cannot say anything while the investigation is on going, the SEC is gagging them. See how easy it is to dream up complicated conspricay theories, and make up assumed conclusions to support them. Can that remote posibility be debunked with fact? No it can't. Can the remote possibility of it being accurate be proven? No it can't. What does logic and history of these pinks sheet company tell us about such actions, (inquiry / investigation)? It tells us 99.99999999....% of the time the SEC is investigating the targeted company because of wrong doing, not to assist them in proving that there are evil forces at work in the market place.
Now if one chooses to believe in these unsubstantiated conspiracy theories, that is their right, but they damn well be ready to prove them, and afford any dissenter with an alternative point of view or possibile explanation of what is really going on the same curtesy to present their opinions.
Posted by IMAKEMONEY on :
Will, none taken and im not a mason, but i like the concept. like i said PLNI IS A DULITION NIGHTMARE.
[ September 10, 2006, 15:55: Message edited by: IMAKEMONEY ]
Posted by will on :
I agree, Money. It is probably the only thing that has been speculated about regarding PLNI that has been PROVEN. That, and the things they freely admit to in their last filing of 6/16/06.
quote:Originally posted by IMAKEMONEY: Will, none taken and im not a mason, but i like the concept. like i said PLNI IS A DULITION NIGHTMARE.
Posted by Bearclaw on :
It's not plastic rebar...It's plastic rebar "Supports" These have been tested and approved by the DOT in all 50 states...Come on folks get the DD straight...What is with this thread?
Plastic rebar in "Lenghts" is still in R&D..this testing is ongoing and when completed will be submitted to the DOT for approval also...Please take some time and research the product lines PLNI has before making asssumptions..The product line is on the PLNI website... thank you...
quote:Originally posted by Relentless.:
quote:Originally posted by IMAKEMONEY: As a concept i just see alot of good uses by the sea, saltwater is a killer, But yes PLNI is a dilution nightmare.
Yeah it's a good idea but there are limitations.. How will plastic rebar be bent? Can it be bent? How well does it bond to concrete? Is there any chemical reaction with concrete? Mix 1 might be ok, but mix 3 might eat it alive. What is the melting point? My pieces are cured at an accelerated pace.. temperatures approaching 200 degrees is not uncommon.. will plastic soften at these temps?
Posted by Bearclaw on :
If some folks here cannot even get the product line correct...don't know the difference between a SEC unofficial inquiry and an Official SEC Investigation then how can anyone consider the rest of the negative DD provided here by those same posters valid?????...
These issues are so elementary to basic DD in pennyland...Does anyone else here wonder????
Posted by will on :
Inuendo and twisting of words again:
Here is my quote :
"Now the SEC informal inquiry / investigation let's consider and speculate on that."
Inquiry / investigation is not equal to a SEC unofficial inquiry and an Official SEC Investigation. I see no refrence to an official SEC investigation in my post. Please quote me accurately.
quote:Originally posted by Bearclaw: If some folks here cannot even get the product line correct...don't know the difference between a SEC unofficial inquiry and an Official SEC Investigation then how can anyone consider the rest of the negative DD provided here by those same posters valid?????...
These issues are so elementary to basic DD in pennyland...Does anyone else here wonder????
Posted by will on :
I think readers get the point. There seems to be some that would have them believe that this inquiry / investigation is benign in nature.
I asked how may have witnessed an inquiry / investigation by the SEC to EVER benefit a targeted company. I simply asked for a few examples.
Again, there seems to be some allusion that this inquiry is about shorting and / or a "bear raid" on PLNI. If anyone has proof of this please post it.
Usually inquiries are not frienfdly.
Posted by will on :
Dispute these facts :
Total amount of securities outstanding 4,977,740,339 common shares and 1,000.000 preferred shares
Reference PLNI financials filed 6/16/06, link below :
Bearclaw the supports are great and as i have read they are working on many new products for construction i.e mesh, rebar, cb bases ect but before to long someone like simpson will come in and really do it they need to get this ball rolling.JMO
Posted by will on :
Funny, but it seems like last October / Novemeber time frame I told people on another PLNI thread that they were diluting, and would continue to dilute. I also correctly predicted that the PPS would plunge to .0015, I was wrong, it has seen .0009 this past week.
Readers might want to review this old PLNI thread. Begin reading around page 50.
As you can see, my position was PLNI was diluting, and some shareholders were arguing it was a company share buy back and accuumulation.
Why is it that it always seems the most logical and easiest explanation wind up being the correct ones?
Pay attention to the last couple weeks of volume also. It appears PLNI might be diluting again.
Posted by will on :
Just a reminder about out of control unmanagable volume:
Here's how your volume has been growing :
9/6 : 80492398
52M average volume over the last 4 trading days.
5-Day Average Volume 45065340 20-Day Average Volume 30309844 50-Day Average Volume 22419557 100-Day Average Volume 23944158
9/7 : 110564602
5-Day Average Volume 61277516 20-Day Average volume 33964930 50-Day Average volume 23943604 100-Day Average volume 24225895
9/8 : 328725500
5-Day Average volume 128616016 20-Day Average volume 50608910 50-Day Average volume 30971619 100-Day Average volume 27747932
Posted by Relentless. on :
Please pay particular attention to the O/S count, almost 5 Billion.
Let me try and put the difference between a million and billion in perspective for you, in terms we all can grasp.
1 million seconds equal 11 and 1/2 days. 1 billion seconds equal 31 and 3/4 years.
That's in terms of time. Now imagine the volume it would take to move a stock with a supply of almost 5 Billion.
Now, again before someone corrects me the float is ONLY 2,804,576,805, that was true 6/16/06. (Seems almost obscene to say ONLY 2,804,576,805. ONLY LOL). Not knowing who owns the other 2,173,164,000 shares or their restrction status there might be more in the float now. You just don't know, but you are sure of one thing, you wouldn't want to take the more than 88 years to the count them one by one.
Posted by Chopper on :
This will be a little long folks but I hope it is worth the read.....
will it looks to me you said very plainly that there is a formal investigation of Plasticon by the SEC. Please see way below your quotes from this thread. Play with words all you want but you are trying to make a mole hill into a mountain.
Please let me try to summarize my understanding as to some of Plasticon's troubles and successes and please excuse any spelling booboos.
As I understand what happened to cause havoc in the Plasticon organization; there was a fax, phone and letter campaign by a certain group of individuals back in January and early February to force Plasticons compliance under the Pink sheet rules. I had personally confirmed this with Liz and Tim at the Pink Sheets. This action caused the pulling of quotes from the Pink Sheet site until Plasticon complied and sent current and up to date financial information. This did concern share structure as well. Plasticon was accused by this certain group of individuals of conducting a Stock promotion scheme and these folks demanded compliance of the Pink Sheet organization siting their own rules for quoting securities. The same compliance that is being demanded from QBIT . But why wouldn't this same set of rules apply to the HUNDREDS of other Companies like Q Television (QBID) as they are still quoted to this date on the Pinks? Doesn't this appear to be just a little lopsided? And I can tell you folks that there are HUNDREDS more companies out there looking to take your money that are still being quoted on the Pink Sheets that are NO where near compliant or legitimate.
After this group's little plan had worked with the Pink Sheets this same group then contacted the SEC in the same manner siting the Pink Sheet site on the Plasticon quote page which read as follows; "As a matter of policy Pink Sheets will not publish quotations on www.pinksheets.com for any security when it has come to the attention of Pink Sheets that the security is the subject of ongoing promotional activities and adequate current information concerning the issuer is not publicly available. Pink Sheets will not resume publication of quotations for such securities unless and until it receives a legal opinion, in form and substance acceptable to Pink Sheets, to the effect that adequate current information is publicly available concerning the issuer and the security and the information has been posted on the Pink Sheets News Service." Nearly 90% of all press releases that were released were done by stock promotional companies that want to get business from the 5 or so companies that the feature on a daily basis. You all Know who these companies are as we see their garbage on a daily basis. Examples of these companies are: The Wall Street grapevine, Hot Stock Picks, Talking Stocks, Stock Guru. These are just a few of the dozens of stock promotion services out there trying to get noticed and sell a service to these companies they feature.
This blast of Bologna from this group to the SEC in turn got the SEC to review Plasticon's press releases relating to promotional activities. Nothing more! And if there was more to this the SEC would have halted Plasticon from trading back in February... You can bet the farm if the SEC had a solid reason to halt trading on a security they would!
This same exact campaign was used to go after the brokerage houses Such as TDA, Etrade and the like and these people once again quoted the Pink Sheet site as proof that Plasticon was in a stock promotion, printing and dilution scheme. So a few of the brokerage houses restricted trading on Plasticon's stock. Note: I said a FEW. Only 2 brokerage firms pulled this bologna that I am aware of. TDA was and still is the only one doing this still to this day, and it is on again off again.
Now, in view of the chain of events....could this be part of a plan to short Plasticon's stock out of existence and deprive them of reasonable dilution to meet the needs of the acquisitions and short term capitalization of the company by driving the PPS down drastically thereby causing even more dilution to meet these needs? Hmmmmm makes one think aye? There are MILLIONS on the line for the short interests. Can these short interests hide from the NASDAQ SHO reporting? You bet they can as off shore companies do not have to comply with the SHO rules as mainland brokerage house do. Could off shore brokerage houses like UBS Warburg be involved with this company and other OTC/BB Pink Sheet companies to short these stocks into continued and larger dilution by creating ever lower prices through their off shore shorting techniques? Hmmmm another one that makes one think. This is no different than the Off shore lending institutions that prey on small firms with convertible debentures. With their 100,200,300% HIGH interest rates and endless dilution to the company by converting millions some times Billions of shares into new found cash. These companies are off shore for a reason folks and that is to ROB small companies of any chance to succeed by charging incredible amounts for much needed influx of cash to their struggling business. This would be Highly illegal on the US mainland.
Now I will admit that Plasticon's OS is a little high. But as I have stated many times before, there are companies that have yet to produce the first widget that have billions of shares on the market, that reverse split once a year and do it all over again. Hmmmm Winsted holdings comes to mind here. But people play the momo play everyday and at times get stuck holding the bag.
Plasticon IMO is great little upstart company with a lot of potential that is finally emerging into the market on solid ground. Their past accounting practices and lack of capital has caused delays in filings and acquisitions and has increased the OS a little higher than I would have liked. But as the company grows with revenues this should become a non issue.
I have been to Pro-Mold myself and seen their facility. They produce a wide variety of everyday products, such as yard sprinkler parts that we all use, manufactured and branded with that particular company's logo, to gun stocks and believe it or not, nearly ALL the Plastic parts for Bunn coffee makers and nearly the entire Bunn commercial tea dispencer seen in nearly every gas station and truck stop in the country! WOWO Pro-Mold holds its own weight and makes a nice profit without one single rebar support produced that is curently carried by Blue Linx and is used exclusively by R S Manufacturing. Pro-Mold has a Solid reputation and customer base and is posed for continued and dramatic growth.
SEMCO has a solid line of products used for waterproofing most materials and has a very unique line of surface products that can imitate in looks nearly any kind of surface seen today with a strength to rival and surpass any product currently on the market. I personally have received samples of their product line and their brochures. Very nice product line indeed. IMO Look for this stuff to hit large chains like Home Depot and Lowes in the not so distant future. SEMCO, run by Sam Sems is also a profitable part of the Plasticon family and should equally see a dramatic growth in revenues.
Some folks call Plasticon a scam, but as a person that likes to do my DD up close, I see huge potential for the company and wish them well in their future endeavors. Sometimes reading only the SEC filings to make an opinion just doesn't paint an accurate picture of what is really going on behind the scenes.
GL everyone and remember, do you own DD, trust NO one and never invest money you can't afford to lose.
[QUOTE]Originally posted by will: [QB] Inuendo and twisting of words again:
Here is my quote :
"Now the SEC informal inquiry / investigation let's consider and speculate on that."
Inquiry / investigation is not equal to a SEC unofficial inquiry and an Official SEC Investigation. I see no refrence to an official SEC investigation in my post. Please quote me accurately.
Quote from will: "PLNI is not under SEC investigation...The SEC has asked to look into unknown issues...no one knows yet what those issues are...they could be very benificial to PLNI or not...more to come..."
See attached link below :
See answer to number 11. under item viii
Clearly states the SEC has an informal inquiry against PLNI, that equals investigation.
And this one... Is one expected to believe that if the SEC has asked to look into certain unknown issues that this could a good thing? I prefer to take the shortest surest path to the thruth. They are not contacting them via an informal inquiry to use them as a poster child for model business, that's for sure.
Posted by will on :
I would just like to remind anyone thinking of investing n PLNI to check the site mentioned below. I am assuming the recent large increase in volume is due to more dilution by PLNI. No way to prove that until their next up date on pinksheets.com, or a new filing that covers to the present date. If / when they max out the 13,500,000,000 A/S , by issuing more to the O/S you will see the A/S added to, to make room for even more dilution. Even if they don't it is good practice to check this site often for any PLNI's activity seeing that is registered in Wyoming.
quote:Originally posted by will: I would like to encourage any new investor to check this site periodically. Pay special attention to the last box next to :
Common Shares:
Right now you will see 13BIL 500M, watch that number closely.
As of June 16, 2006 there were 4,977,740,339. I believe a company is required to have enough A/S to cover O/S plus any preferred shares equal to its conversion to common shares. That leaves the possibility of the O/S to gorw to 6.2B soon. The other 7.3B has to be reserved to cover those Series B prferred shares Mr, Turek holds. Once the 6.2B is reached you can expect to see the A/S raised. Check this page frequently.
All you have to do is type, Plasticon International Inc. in the inquiry box, and you can view the deatail.
Posted by will on :
Hmmmm! I will let the readers judge for themselves if inquiry / investigation is equal to informal inquiry / formal investigation.
Inconsequential to the arguement, picking at semantics. It is kin to attacking someone's spelling to ignore and / or convolude the content of the message.
Posted by will on :
Are you suggesting that is acceptable and a good thing that a company does not comply with such low and simple standards as pinksheels.com requires.
As an investor or a potential investor I would think one would want that type rudimentary information.
If someone demanded compliance of PLNI from pinksheets.com their motivation can just as easily have been for making a decidion to invest or not as opposed to some NSS conspiracy theory.
Posted by will on :
Consider this:
As far back as October 2005 I claimed PLNI was diluting, while others claimed it was a company share buy back and / or accuumulation. By the compay's own admission and the updating of the O/S I was proven correct, and the others were proven WRONG. (I don't recall clearly your position Chopper, but memory serves me as you being in the accuumulation / share buy back group, please correct me if I am wrong).
I even went as far to say it would continue after the first O/S update, only to be ridiculed further, however a second update proved me correct again, and the ridiculers WRONG again.
...and there was even a third update via their financials reports.
Now I say the PPS is a result of PLNI's own doing via dilution. Others choose to believe in a complicated conspiracy theory.
You are entitled to your position and opinion. All I ever asked that a dissenting, alternative, optional, postion and arguement be respectd and tolerated.
Either is possible, one might be more probably based on observasions and behavior of other pink sheet comapnies that have found themselves in like situations.
Posted by Chopper on :
Ok now we are being Silly. There would not be a SHO list if it didn't actually go on. And if you go to the SHO site and look there are still brokerage houses that are NON compliant in their reporting.
The fact of the matter is all companies dilute for capitalization reasons at one time or another, big board as well as the OTC/BB and Pink Sheet companies. When these companies dilute a seasoned broker can see it from the moon, hence the shorting starts. What better a time to short than when the company is diluting it self. You following me here?
As the volume increases and the diluting continues the shorting continues and the price of the stock drops dramatically. At that time the stop losses kick in and add to the increased downward preasure. When done properly by the brokers it gives them a huge spred that gets larger the lower it goes, with the combined stop losses dilution and shorting. Even in real world non shorting conspiracy terms the brokerage houses can play with time periods for as much as 45 days with the bureaucratic paper shuffling to cover.
Now in the case of Plasticon all PRs where stopped in February to take the heat off from the Pink Sheets. Now with that little debacle it cased a dramatic price slide to the downside and with the continued need for capital to pay for audits and operating expences the dilution continued the shorting continued and the weak of heart sold to stop the blood letting. Now Plasticon through a misfortunate chain of events was forced to dilute with more shares to get the same amount of capital needed to complete tasks at hand. Hence the ever increasing OS and float. If it wasn't for a certain group forcing these chain of events the OS might be only 3 billion rather than nearly 6 now.
Now we have a problem in that all this mess has caused more delays and is costing the company more of the stock holders money and now adding to the float more stock decreasing shareholder value ever more.
Even if the shorters covered monthly they were able to facilitate the continued decline as they help reach the stop loss levels for folks and they are able to cover and continue to short all at the same time. This is the way of the market and unfortunatly to the demise of a lot of good little upstarts right into BK.
I know you will find fault no matter what anyone says. I really don't think you have a clue what most of these upstarts are up against. GLTY anyway.
Posted by will on :
I will take that as you admitting and accepting that PLNI is diluting, thank you.
The reason why makes little difference to me. I just suppose it will continue. The reason might be legitimate, or it might not be. Kind of difficult to prove, isn't it.
Perhaps Plasticon should have been forthright and forthcoming regarding O/S, as opposed to having a certain group forcing these chain of events. The fact that they did not update their O/S and any other information required as a minimal standard of reporting by pinksheets.com was not a prudent business decision, and opened them to the alleged chain of unfortunate events. Again, I see it as poor management, and sins of omission beause they were too arrogant to be forthright and forthcoming with basic rudimentary information. They figured it wasn't anyone's business but theirs, and the shareholders didn't need to be informed.
I find no fault with anything you said in your post, I just like to eleborate on it, and offer an opinion that a well managed company might have avoided this unfortunate situaion.
Posted by Relentless. on :
Not sure anyone is arguing that the dilution is bad for the company.. But it IS bad for the stock. I've argued this point before and it seems a hard one for many to grasp. There is a huge difference between the company and the stock. The company might be making great progress, but the stock is suffering because of it. This means that owning the stock is a horrible idea. If PLNI is still using the sale of stock to further it's goals then by all means.. let them do it. But be honest about what effect that will have on the price of that stock. Let people know that the price will go down.
Posted by Bearclaw on :
Here's and educational slide presentation on Shorts and Hedge Fund activities...A must for everyone...takes about an hour...This will help in understanding the short raid on PLNI...You will have to type in this link on your address bar...
moving all over the place today.
Posted by Chopper on :
quote:Originally posted by IMAKEMONEY: moving all over the place today.
Yes indeed.
Posted by Schwabie on :
Today’s Price Performance as of 1:48pm EDT, 9/11/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.0013 Last Price 0.0002 +18.18% Today’s Change $0.0011 Today’s Open 33,723,141 Below Avg. Today’s Volume
Posted by ed19363 on :
Some people look at molehills and see mountains, others look at mountains and see molehills.
The fact remains that you must do your own DD, and make a decision to buy or not to buy. It has to be YOUR decision. Nothing against any of you guys, but you seem to be tilting at windmills. Okay, there's dilution. Maybe naked shorting, who knows? Nobody. You dont want to buy into the company? That's fine with me, but quit cutting my decision to invest. It's my money, not yours. You want to buy into the company? That's fine with me, but quit pumping it. It's your money, not mine.
Do what you damn well please, but dont try to influence other people into doing something they dont want to do, either way.
I get tired of the arguments instead of posting solid info that comes from the company. I dont think that is what these boards are for.
It all boils down to "Do whatever you want, and I'll make my own decisions."
Nuf sed, I've had a long day and I've heard enough beotching.
Posted by Bearclaw on :
Plasticon International, Inc. Announces Completion of Fiscal 2005 Audit
By Market Wire Last Update: 9/12/2006 8:30:47 AM Data provided by
LEXINGTON, KY, Sep 12, 2006 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) announced today that Mendoza & Berger, the Company's auditor of record, has completed the fiscal 2005 audit of the Company. As a result, the Company filed its 2005 Form 10-KSB with the U.S. Securities and Exchange Commission.
"We are pleased to be closing this chapter in the Company's history so that we can focus on growing our core business," said Jim Turek, President and CEO of Plasticon International, Inc. "Additionally, the Company will file to become up-listed to a higher market upon completion of the first two quarters of FY 2006. I would like to thank our shareholders for their patience and loyalty through these difficult times. The Company will work diligently to implement practices that will allow it to become timely in meeting its filing obligations in the future. We have been through a very lengthy, expensive process with the audit, but we are pleased to put it behind us and to focus on revolutionizing the recycled plastics sector and executing our business plan."
About Plasticon International, Inc.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, and plastic lumber 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.
Posted by Chopper on :
Well it looks like par (.001) was the bottom last Friday. Up 50% from there. Nice close *.0015. GLTA
Posted by Chopper on :
This is from GoPackers on Si. Apparently he went to visit Jim Turek last week and this is what he had to say.
From: gopackersgo 9/13/2006 10:13:59 AM Read Replies (1) of 6697
I have gone back and forth on whether to post this or not. I don't care whether you buy or sell PLNI. But the information I share now is for a truthful disclosure on the company and Jim Turek.
As things have deteriorated in the past few weeks in regards to pps, I have been chasing JT for lack of a better choice of words. At certain points with some investments I make a conscious decision to look a person/my investment in the eye. Is this person a crooked SOB? Does this person know their business?
On Thursday of last week I went and met with Jim Turek for three and a half hours. The plane ticket was $1500 and being down $100's of thousands my very pissed off intent was to discover if I had been duped. I arrived in Lexington and proceeded to the new offices...somewhat disillusioned I was halfway expecting to find them not there or some type of BS incubator.
I pulled in to the parking lot and looked at two new 5 floor office buildings. On the signage amongst other companies was Plasticon International. I proceeded to the offices. I was met by a sign that welcomed me to the office. I was then warmly greeted by two executive assistants as well as Mr. Turek.
I was struck by the professionalism and beauty of the office space. I was struck by the graciousness of the staff. I was struck by Mr. Turek's hospitality. As he gave me the tour of the office space, I paid close attention to the flooring and cabinets. They were gorgeous and unlike anything I had seen in any office space. Mr. Turek explained they wanted to show everyone who came to the offices what a great product they had. The flooring and cabinets were manufactured and installed by SEMCO....and it was spectacular. He spent time going thru the brochures and sample materials produced by SEMCO. It was very impressive. He also went thru all the Pro Mold product set. Again all very impressive and good to see verified and its not just rebar supports. PLNI is complimentary but diversified.
Mr. Turek and I retired to his office where in painstaking detail he explained his history and that of the company's. He explained in competent detail the needs of the market and how he got his ideas on plastic supports etc. He fondly recalled visiting construction sites sitting after hours just talking to the heads of crews about there distaste for tying metal supports, the problem moving them etc. It was fascinating to listen to.
I also had a chance to ask many questions. Mr. Turek answered all that he could and was careful not to cross any legal boundaries or divulge anything that had not been made public.
We then took a late lunch and continued to talk.
This is what I left with. Things have not always gone his way. He has made more than one bad business decision. He has been taken advantage of more than once. But here is the interesting part. This man has never lost his passion for building his dream and this company. He is a man of honesty and integrity. He wants this to be a long term legacy business for his children. He is a family man fiercely devoted to his kids. He is simply stated in my opinion a good man. He understands his customer's needs. He understands his complimentary product set. He clearly sees his vision.
I'm in...I'm staying in and while I believe there is still much to do I firmly believe this company is destined for success and sooner or later that will be reflected in the pps. Mr. Turek will make it happen in my opinion. Sometimes good guys do finish first and I hope he will. I genuinely liked the man. He greeted me with open arms even though he had received death threats the day before.
Good luck to you regardless of your investment decisions. Your investment decisions are your own. I hold very many shares of this stock and am not compensated by the company, its owners or any affiliated party in any way.
Posted by ed19363 on :
Now, THAT is what a post should look like. No pump, no BS, just honest feelings about a visit to a company. Thank you a bunch.
Posted by Bearclaw on :
GoPackers... Nice DD...Thanks for taking the time to share your trip ecpereiences...Way to go...
Posted by Doctoall on :
So what is next with this stock ?? Posted by Chopper on :
Press Release Source: Plasticon International, Inc.
Plasticon International (PLNI) CEO Jim Turek Conducts New Webcast With XXX.The Green Baron. com to Discuss Filing Audited Financials Thursday September 14, 9:20 am ET
LEXINGTON, KY--(MARKET WIRE)--Sep 14, 2006 -- Plasticon International, Inc. (Other OTC:PLNI.PK - News) announced today that CEO Jim Turek has conducted another exclusive audio webcast with Evergreen Marketing, Inc. and is now available for listening at XXX. The Green Baron. com. Last Friday, September 8, Plasticon filed audited financial statements with the SEC and an interview has been conducted so that Mr. Turek can provide added commentary and clarity to the filing and his vision for the future for Plasticon International, Inc. For more information about Evergreen Marketing, Inc. and their subsidiary The Green Baron Investors Society visit them on the web at XXX. Ever green marketingInc .com and XXX. The Green Baron. com
About Plasticon International, Inc.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, and plastic lumber which are all produced from recycled and recyclable plastics. Plasticon seeks to become a leader and an innovator in using cutting-edge design, engineering, and production of industrial and commercial products. Plasticon's primary emphasis is to use recycled plastics to produce its line of products and the Company views itself as a "green company" in implementing company-wide environmentally sensitive policies.
FORWARD-LOOKING STATEMENTS:
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. IN SOME CASES FORWARD-LOOKING STATEMENTS CAN BE IDENTIFIED BY THE USE OF FORWARD-LOOKING WORDS SUCH AS "BELIEVES," "EXPECTS," "MAY," "WILL," "SHOULD," OR "ANTICIPATES," OR THE NEGATIVE OF THESE WORDS OR OTHER VARIATIONS OF THESE WORDS OR COMPARABLE WORDS, OR BY DISCUSSIONS OF PLANS OR STRATEGY THAT INVOLVE RISKS AND UNCERTAINTIES. MANAGEMENT WISHES TO CAUTION THE READER THAT THESE FORWARD-LOOKING STATEMENTS, INCLUDING, BUT NOT LIMITED TO, STATEMENTS REGARDING THE COMPANY'S PLANS, THE ABILITY TO COMPLETE FUTURE FILINGS WITH THE SEC IN A TIMELY FASHION, THE COMPANY'S GOALS AND, THE BUSINESS STRATEGY OF THE COMPANY AND OTHER MATTERS THAT ARE NOT HISTORICAL FACTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT OR THAT THE ANTICIPATED FUTURE RESULTS WILL BE ACHIEVED. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY EITHER BECAUSE ONE OR MORE PREDICTIONS PROVE TO BE ERRONEOUS OR AS A RESULT OF OTHER RISKS FACING THE COMPANY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, THE COMPARATIVELY LIMITED FINANCIAL RESOURCES OF THE COMPANY, THE INTENSE COMPETITION THE COMPANY FACES FROM OTHER ESTABLISHED COMPETITORS, TECHNOLOGICAL CHANGES THAT MAY LIMIT THE ABILITY OF THE COMPANY TO MARKET AND SELL ITS PRODUCTS AND SERVICES OR ADVERSELY IMPACT THE PRICING OF THESE PRODUCTS AND SERVICES. ANY ONE OR MORE OF THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED, EXPRESSED, OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS.
Contact: Contact: Plasticon International, Inc.: Jim Turek President and CEO 3288 Eagle View Lane, Suite 290 Lexington, Kentucky 40509 web site: http://www.plasticonintl.com
For More Information Contact: Investor Relations: Ph: 866-843-2775
-------------------------------------------------------------------------------- Source: Plasticon International, Inc.
Posted by Bearclaw on :
Posted by bobcat88 on :
quote:Originally posted by Bearclaw:
I like the what your thinking Bear, if you dont have anything good to say, dont say anything at all.
Posted by Murnak on :
JT quotes from his webcast:
- "Shareholders will see a substantially different financial statement in the first quarter of '06."
- "I've given my commitment to no reverse split."
- "Actual documentation (for share buybacks) are virtually completed." (Had to wait for '05 financials to be audited first - the Attorney has had the docs ready since beginning of August.)
- "Active ongoing project, as we speak." (Re: to go back over the counter.)
Posted by Bearclaw on :
I had posted the PR but Copper did it at the same time so...deleted my post...
quote:Originally posted by bobcat88:
quote:Originally posted by Bearclaw:
I like the what your thinking Bear, if you dont have anything good to say, dont say anything at all.
Posted by Madge on :
I just listened to the interview again and did not hear anything that could explain a sell off causing it to drop back down to .0011. It all sounded pretty promising to me (but then again it isn't a "real" interview).
Posted by JW on :
Check the latest 10-KSB. Read the bottom of page 18 and the top of 19. Unless I'm reading it wrong, it looks like an increase from 2 Billion to 13.5 Billion common shares in the last year.
Any chance that could be causing the drop in price?
Posted by will on :
Where you been, JW ?
quote:Originally posted by JW: Check the latest 10-KSB. Read the bottom of page 18 and the top of 19. Unless I'm reading it wrong, it looks like an increase from 2 Billion to 13.5 Billion common shares in the last year.
Any chance that could be causing the drop in price?
Posted by ed19363 on :
I still say the only way to move this baby is to move to the OTC....get away from the nasty MMs, and something might happen.
Posted by Madge on :
quote:Originally posted by JW: Check the latest 10-KSB. Read the bottom of page 18 and the top of 19. Unless I'm reading it wrong, it looks like an increase from 2 Billion to 13.5 Billion common shares in the last year.
Any chance that could be causing the drop in price?
JW, Yes, the AS increased to 13.5B, but that happened back on April 4th. Since then, the 10Ks have been coming as planned and things are starting to turn for the company.
Posted by DQ. on :
All I know is I loaded the wagon back at .004 to .005 and I'm ALMOST ready to see this get out of the gutter now and see .01 again.
Posted by JW on :
The price has been dropping since the increase in April. I dumped all my shares last week when I saw the the 10K. I'v been burned before on huge dilution. I didn't want to ride this down to .0001 like PHBT. I know it's a diffrent co with more disclosure but, like they say, if you can't stand the heat.....
GLTA
Posted by DQ. on :
I agree about the dilution hurting but it is sometimes a necesary evil.However with Plasticon adding ProMold and Semco to their bottom line,and a share buy back, I still beleive we will be back to greener pastures again. I would hate to think this company would ever see .0001 unless maybe they had 50 Billion shares. Just my 2 cents. GLTA!
Posted by will on :
I am dead set against highly diluted issues, JW. This is probably the time to be buying this junk though. That .0009 / .001, seems to be bottom. It bounces pretty good off of the 30 RSI, (a bit higher now, might need to be more oversold yet before a rebound). If you can get in at .0009 / .001, you might be looking at a double shortly. I think it struggles with .002 +. They have went through a lot of trouble and expense to clean up there past sins, and keep it from being an .0001 company. Understanding that doesn't change the unmanagable O/S of nearly 5B, but it does make it playable.
Posted by successinstock on :
JT says there is a 2 for 1 share "buyback" plan. They have been getting what they said done....not on time....but done nevertheless.
I agree with Madge, the 13.5 is old news.
Ultimately we have to wait til the quarterly's are out before we all know the story about the possibility of any on-going dillution. No one knows for sure what the story is.
Posted by visiblecat on :
Will plni move now , i ope it does im happy
Posted by JW on :
Sorry for bringing up this "old news", I must have missed the annoncement or report of the increase to 13.5 Billion shares of common stock. Maybe you can enlighten me as to where this was revealed before the 10K last week?
TIA
quote:Originally posted by successinstock: JT says there is a 2 for 1 share "buyback" plan. They have been getting what they said done....not on time....but done nevertheless.
I agree with Madge, the 13.5 is old news.
Ultimately we have to wait til the quarterly's are out before we all know the story about the possibility of any on-going dillution. No one knows for sure what the story is.
Posted by will on :
JW, Look here, at the link below :
quote:Originally posted by will: I would like to encourage any new investor to check this site periodically. Pay special attention to the last box next to :
Common Shares:
Right now you will see 13BIL 500M, watch that number closely.
As of June 16, 2006 there were 4,977,740,339. I believe a company is required to have enough A/S to cover O/S plus any preferred shares equal to its conversion to common shares. That leaves the possibility of the O/S to gorw to 6.2B soon. The other 7.3B has to be reserved to cover those Series B prferred shares Mr, Turek holds. Once the 6.2B is reached you can expect to see the A/S raised. Check this page frequently.
All you have to do is type, Plasticon International Inc. in the inquiry box, and you can view the deatail.
Posted by BooDog on :
Are they trying to catch BKMP? LMAO!
Posted by will on :
I always see American Bulls quoted here when they issue a BUY CONFIRMED. I don't recall any of the usual Pro-investors quoting AB when they issue :
PLASTICON INTL INC Daily Commentary
Our system posted a SELL CONFIRMED today. The previous BUY recommendation was issued on 08.22.2006 (23) days ago, when the stock price was 0.0020. Since then PLNI has fallen -45.00% .
SELL-IF is confirmed by a black candlestick which has an open equal to the previous close but closing lower.
Posted by Bearclaw on :
So are you encouraging people to sell today when the market opens at....001-.0012 ?????
Posted by will on :
I am not encouraging anyone to do anything. Much like you do not pump or encourage when you post AB's buy confirmed.
Read my recent posts.
Posted by Bearclaw on :
OK so your point is that no one posts the confirmed buys? Your not encouraging selling here?
Will: I always see American Bulls quoted here when they issue a BUY CONFIRMED. I don't recall any of the usual Pro-investors quoting AB when they issue
Posted by will on :
Readers may assume what they like. Much like you don't pump, I don't bash. There is always room for a dissenting opinion.
Posted by Chopper on :
Holy Plastic Batman.... This is PUMPER post for you will! ATTA BOY !!!!! Attention Stock Shoppers will has given his official ok to purchase PLNI for a double. Just jerking your chain man, no harm no foul.
So even you agree there is certainly a tradability range for all stocks.
will I don't necessarily like the OS either, however if CNES can go from .0003-.0004 range to .0028 with a 14 billion float ANY THING CAN HAPPEN. GLTA
you wil
quote:Originally posted by will: I am dead set against highly diluted issues, JW. This is probably the time to be buying this junk though. That .0009 / .001, seems to be bottom. It bounces pretty good off of the 30 RSI, (a bit higher now, might need to be more oversold yet before a rebound). If you can get in at .0009 / .001, you might be looking at a double shortly. I think it struggles with .002 +. They have went through a lot of trouble and expense to clean up there past sins, and keep it from being an .0001 company. Understanding that doesn't change the unmanagable O/S of nearly 5B, but it does make it playable.
Posted by will on :
I never denied that this MIGHT be a PLAY.
I object to people touting this as a legitimate long term investment. I also object to people stifling others positions when the don't agree with theirs, and especially when the dissenting arguement has been upheld and proven by reality.
Posted by Bearclaw on :
Just wondering ...It seemed you were sticking the needle in over coffee...wanted to understand what your point was...I haven't said pump or bash...Why not leave that alone for a while and relax?
quote:Originally posted by will: Readers may assume what they like. Much like you don't pump, I don't bash. There is always room for a dissenting opinion.
Posted by will on :
Frankly, I don't have to leave anything alone for awhile. I only posted facts, and reasonable conclusions based on the preponderance of evidence and my experience. I recall being correct with my assessment almost a year ago, and it was proven out as PLNI lost 90% of its value. Why is immaterial.
Posted by Chopper on :
As I understand it, your only major point here is that there is a larger OS than you would like to see and that they did dilute to around 6 billion. I will give you that, for whatever reason good or bad they did dilute it. Thanks for at least saying there is a possible play here from these levels.
As far as a long term investment I will probably keep some of my free shares long term. Heck, I even have stock Certs from 1906. I guess I do hold long term. LOL GLTY
quote:Originally posted by will: I never denied that this MIGHT be a PLAY.
I object to people touting this as a legitimate long term investment. I also object to people stifling others positions when the don't agree with theirs, and especially when the dissenting arguement has been upheld and proven by reality.
[ September 15, 2006, 10:45: Message edited by: Chopper ]
Posted by will on :
That is not my major point at all, I metioned it as a probabilty.
My major point is that there is always room for a dissenting point of view, and whatever anyone's objection is to that, or what motivates some to be intolerant is not acceptable to me.
I have no idea what motivates people to try and stifle alternative arguements. I only know those tactics work on the weak, inexperienced, and uninformed.
Posted by Bearclaw on :
The only one stiffleing anyone today is you...What motivates you???...folks were just asking you what your point was...no more no less...your hair stood up...who's pushing who's buttons Will???....relax...
If you don't think this is a long term investment then don't buy it...If you think this is a good entry point to trade it.... then do that...relax...
Do folks who disagree with your conclusions have a right to post here too?
Posted by will on :
I bully and / or stifle no one, post away, but be ready to hear an opposing view. Seemingly those folks you ask about having the right to post here too have had their way for the last year.
Posted by Bearclaw on :
You done yet?
Will: Seemingly those folks you ask about having the right to post here too have had their way for the last year.
Posted by Chopper on :
Ok. I hope we have cleared up the opinion posting issue. Two points of view to be heard.
Now for some DD.
PLNI TDAmeritrade Account Holders... If you haven't heard this audio conversation you need to. Especially the comments from "Clay" in the second half of the conversation. Listen carefully to the explainations. This interview was conducted by Simon at Sub Penny Radio .com. Enjoy and GLTA
Of course I am finished. Both you and Chopper understand my major point perfectly well.
That doesn't mean I won't post here. I also have that right. I probably wouldn't be here today if a few posters were more tolerant a year ago.
Posted by Bearclaw on :
Chopper... The lower bollinger band is at .0009 (resistance) and the upper bollinger band is now at .0024 (support)...Expect a shake soon...to touch the lower band...
I have another buy in at .001...let me know what you think???Thanks..
Posted by Bearclaw on :
You sure your done???
Will: That doesn't mean I won't post here. I also have that right. I probably wouldn't be here today if a few posters were more tolerant a year ago
Posted by Chopper on :
Looks like it to me also Bear. will has even stated in his previous post that at this level of par .001 is probably a good buyin point for a double. I don't think it will last to long though.
Point taken and thank you will.
Posted by will on :
You will know when I am finished, until then endure, my friend.
Posted by Chopper on :
This is from RRM over at SI.
Selling a stock short is the practice of borrowing shares from a broker and selling them on the market. It is a bet that the shares will decline in price from where the price was when you made the short sale, allowing you to "cover" the short sale by buying the share at a lower price in the future.
Theoretically you make the difference in the price. For example, you short sell a share of stock at the current price of $70. You pay your broker 5% interest for the margin interest used on the short sale. One year later the price drops to $50, when you "cover and buy the share in the market. Your profit is $20, minus the $3.50 interest, so $16.50 total.
Not bad. But what about the opposite scenario: You sell a share short at $70, and a year later the price is $90. You are out of margin credit to carry the share, so you are forced to buy the share for $90. Your loss is $20 (difference in price between $70 and $90) plus the $3.50 interest, or $23.50 total loss.
Unlike a long, where you buy a share of stock and your ultimate loss is limited to the total of your investment ($70 in our example), a short has unlimited loss potential (in our example, if the stock goes to $300, a short could lose $230 + $3.50 interest).
Because the short sales are borrowed shares, the more shares which are sold short the larger the number of shares which have been "created" (you borrow 10,000 shares and sell short, someone is on the other end of the transaction buying those shares, and they don't know or care that they are short shares), which effectively increases the number of shares in circulation — the original 10K shares, and your borrowed 10K shares (effectively an IOU for those shares).
When the number of short shares is significant, it can have a depressive effect on the share price, as there has been an artificial supply of shares created, which can outstrip demand — more supply than demand = lower price, and increased volume of trades.
There is really only one way of protecting yourself from having your shares lent out to shorts: Hold them in a "Cash Account", or an IRA.
If the shares are in a margin account, they can and will be lent out to shorts. Brokerages make considerable money lending shares, so it is in their interest to do so.
In PLNI's case, I would strongly advise that you move all your shares into a cash account, making them unavailable for shorting.
Sorry if I am being redundant but this also goes with the shorter post.
PLNI TDAmeritrade Account Holders... If you haven't heard this audio conversation you need to. Especially the comments from "Clay" in the second half of the conversation. Listen carefully to the explainations. This interview was conducted by Simon at Sub Penny Radio .com. Enjoy and GLTA
And this to get a picture of why we are where we are at releating to dilution and shorting practices.
Please let me try to summarize my understanding as to some of Plasticon's troubles and successes.
As I understand what happened to cause havoc in the Plasticon organization; there was a fax, phone and letter campaign by a certain group of individuals back in January and early February to force Plasticons compliance under the Pink sheet rules. I had personally confirmed this with Liz and Tim at the Pink Sheets. This action caused the pulling of quotes from the Pink Sheet site until Plasticon complied and sent current and up to date financial information. This did concern share structure as well. Plasticon was accused by this certain group of individuals of conducting a Stock promotion scheme and these folks demanded compliance of the Pink Sheet organization siting their own rules for quoting securities. The same compliance that is being demanded from QBIT . But why wouldn't this same set of rules apply to the HUNDREDS of other Companies like Q Television (QBID) as they are still quoted to this date on the Pinks? Doesn't this appear to be just a little lopsided? And I can tell you folks that there are HUNDREDS more companies out there looking to take your money that are still being quoted on the Pink Sheets and OTC/BB that are NO where near compliant or legitimate.
After this group's little plan had worked with the Pink Sheets this same group then contacted the SEC in the same manner siting the Pink Sheet site on the Plasticon quote page which read as follows; "As a matter of policy Pink Sheets will not publish quotations on www.pinksheets.com for any security when it has come to the attention of Pink Sheets that the security is the subject of ongoing promotional activities and adequate current information concerning the issuer is not publicly available. Pink Sheets will not resume publication of quotations for such securities unless and until it receives a legal opinion, in form and substance acceptable to Pink Sheets, to the effect that adequate current information is publicly available concerning the issuer and the security and the information has been posted on the Pink Sheets News Service." Nearly 90% of all press releases that were released were done by stock promotional companies that want to get business from the 5 or so companies that the feature on a daily basis. You all Know who these companies are as we see their garbage on a daily basis. Examples of these companies are: The Wall Street grapevine, Hot Stock Picks, Talking Stocks, Stock Guru. These are just a few of the dozens of stock promotion services out there trying to get noticed and sell a service to these companies they feature.
This blast of Bologna from this group to the SEC in turn got the SEC to review Plasticon's press releases relating to promotional activities. Nothing more! And if there was more to this the SEC would have halted Plasticon from trading back in February... You can bet the farm if the SEC had a solid reason to halt trading on a security they would!
This same exact campaign was used to go after the brokerage houses Such as TDA, Etrade and the like and these people once again quoted the Pink Sheet site as proof that Plasticon was in a stock promotion, printing and dilution scheme. So a few of the brokerage houses restricted trading on Plasticon's stock. Note: I said a FEW. Only 2 brokerage firms pulled this bologna that I am aware of. TDA was and still is the only one doing this still to this day, and it is on again off again.
Now, in view of the chain of events....could this be part of a plan to short Plasticon's stock out of existence and deprive them of reasonable dilution to meet the needs of the acquisitions and short term capitalization of the company by driving the PPS down drastically thereby causing even more dilution to meet these needs? Hmmmmm makes one think aye? There are MILLIONS on the line for the short interests. Can these short interests hide from the NASDAQ SHO reporting? You bet they can as off shore companies do not have to comply with the SHO rules as mainland brokerage houses do. Could off shore brokerage houses like UBS Warburg be involved with this company and other OTC/BB Pink Sheet companies to short these stocks into continued and larger dilution by creating ever lower prices through their off shore shorting techniques? Or brokerage houses on the mainland like TDA? Hmmmm another one that makes one think. This is no different than the Off shore lending institutions that prey on small firms with convertible debentures. With their 100,200,300% HIGH interest rates and endless dilution to the company by converting millions some times Billions of shares into new found cash. These companies are off shore for a reason folks and that is to ROB small companies of any chance to succeed by charging incredible amounts for much needed influx of cash to their struggling business. This would be Highly illegal on the US mainland.
Now I will admit that Plasticon's OS is a little high. But as I have stated many times before, there are companies that have yet to produce the first widget that have billions of shares on the market, that reverse split once a year and do it all over again. Hmmmm Winsted holdings comes to mind here. But people play the momo play everyday and at times get stuck holding the bag.
Plasticon IMO is great little upstart company with a lot of potential that is finally emerging into the market on solid ground. Their past accounting practices and lack of capital has caused delays in filings and acquisitions and has increased the OS a little higher than I would have liked. But as the company grows with revenues this should become a non issue.
I have been to Pro-Mold myself and seen their facility. They produce a wide variety of everyday products, such as yard sprinkler parts that we all use, manufactured and branded with that particular company's logo, to gun stocks and believe it or not, nearly ALL the Plastic parts for Bunn coffee makers and nearly the entire Bunn commercial tea dispencer seen in nearly every gas station and truck stop in the country! WOWO Pro-Mold holds its own weight and makes a nice profit without one single rebar support produced that is curently carried by Blue Linx and is used exclusively by R S Manufacturing. Pro-Mold has a Solid reputation and customer base and is posed for continued and dramatic growth.
SEMCO has a solid line of products used for waterproofing most materials and has a very unique line of surface products that can imitate in looks nearly any kind of surface seen today with a strength to rival and surpass any product currently on the market. I personally have received samples of their product line and their brochures. Very nice product line indeed. IMO Look for this stuff to hit large chains like Home Depot and Lowes in the not so distant future. SEMCO, run by Sam Sems is also a profitable part of the Plasticon family and should equally see a dramatic growth in revenues.
Some folks call Plasticon a scam, but as a person that likes to do my DD up close, I see huge potential for the company and wish them well in their future endeavors. Sometimes reading only the SEC filings to make an opinion just doesn't paint an accurate picture of what is really going on behind the scenes.
GL everyone and remember, do you own DD, trust NO one and never invest money you can't afford to lose.
Posted by Bearclaw on :
Chopper... My feeling is when TDA gets close to a managable number of shorted shares they may remove the restriction...That could be the sign it is close...they obviously have been covering...look at the L2's today...UBSS is primary and now NITE is jumping in...this is the pattern...volume will pick up...lets see if they push it to the lower bollingere...
Posted by Bearclaw on :
Look at the moneyflow...it is moving from oversold to the mid range...covering now
Posted by Raytrader on :
I just spoke to cheryl at AT she told me that plmi is restricted for buying only....not even tradable with a broker "suspicious activity"....heaven forbid we make any money
Posted by Bearclaw on :
You talking TDAmereitrade? Many of us have transferred to another broker or split funds between two...I still use TDA but also use E-trade exclusively for PLNI...Transferring shares takes about 10 days...
quote:Originally posted by Raytrader: I just spoke to cheryl at AT she told me that plmi is restricted for buying only....not even tradable with a broker "suspicious activity"....heaven forbid we make any money
Posted by Raytrader on :
thanks
Posted by successinstock on :
i moved my shares out of their accounts as soon as I could not buy online....wtf is that?.....
a penny that has just finished 3 years of back audits, proposes to do a share buyback and uplist to the OTC ...looks good in my book.....IMO.
Posted by successinstock on :
chopper and bear...you guys are right on....look at the volume surge. 98M......interesting.
We are picking up some today.
Posted by successinstock on :
last time we hit 100M....it surged AH to 328M....what do you make of it?
Posted by Madge on :
I picked up 1m today and am trying to get another mil at .0009, but no luck yet. We have traded 3x the 60 avg today and twice it for most of the last 2 weeks. I'm hoping if there they are really dumping shares, it's over.
Posted by successinstock on :
that is the million dollar question ... good luck on your trade.
Posted by Bearclaw on :
Success... I really think it's about covering shorts...The CSHD fiasco has put TDAmeritrade in the hot seat...I also suspect the fist quarter 10Q will have the debt forgiven, 27 mil, listed on it...If that's the case we'll have a company basically debt free with strong revenues from all three...PLNI, Semco and ProMold...
If you notice UBSS has been on this puppy since last Friday...The primary MM for TDA along with NITE...I'm mostly watching and learning...I did fill my order at .001 today adding to my share count...Put that in this morning...
What are you thinking???
quote:Originally posted by successinstock: last time we hit 100M....it surged AH to 328M....what do you make of it?
Posted by successinstock on :
well i now where 14M of it came from <wink>....however i think we have the MM's trying to shake shares....
I agree with the debt forgiveness....i liked what I "heard"....looking forward to seeing it however.
I am watching and trying to learn as well....never been in a stock this low of a price with so much attention in my life...it is one for the record books. I hope you are well.
Posted by Bearclaw on :
Success... Doing well thanks...do you think the 8K for Semco needs to come out first before they can list them on the 10Q's?
Posted by Madge on :
well, just when I was going to chnage my order the bid jumps..yeah! HOD
Posted by successinstock on :
from what Turek suggested on the webcast, I would believe the 8K will be out first....as a matter of fact I would be expecting it our very soon....imo.
I think that is weighing on the 10Q's....i'm sure turek will be using the revenue etc...on the 10Q's for Semco as well as Promold.
Posted by Doctoall on :
Any thoughts on this one for today Posted by Chopper on :
Plasticon Announces Purchase of New Equipment to Increase Capacity of Its Pro Mold Operations LEXINGTON, KY--(MARKET WIRE)--Sep 20, 2006 -- PLASTICON INTERNATIONAL, INC. (Other OTC:PLNI.PK - News) announced today that it acquired two additional injection molding machines and related equipment. The purchases, totaling $525,000, are designed to increase the operating capacity of its subsidiary Pro Mold, Inc. by over 33%. James N. Turek Sr., President of Plasticon, announced the purchase and stated that with this purchase, "We will be better able to meet the contractual requirements to our exclusive distributor of rebar supports as well as new orders for existing clients that require the usage of larger tonnage molding machines for their products." The acquisition included a 500 Ton Toyo at $231,000, a 310 Ton Toshiba at $149,000, and two Matsui Dryers at $43,000 together with conveyors, grinders, and temperature control units and related installation costs for a total investment of $525,000. The acquisition of this equipment is part of the Company's efforts to enhance its ability meet customer needs and market trends. THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. IN SOME CASES FORWARD-LOOKING STATEMENTS CAN BE IDENTIFIED BY THE USE OF FORWARD-LOOKING WORDS SUCH AS "BELIEVES," "EXPECTS," "MAY," "WILL," "SHOULD," OR "ANTICIPATES," OR THE NEGATIVE OF THESE WORDS OR OTHER VARIATIONS OF THESE WORDS OR COMPARABLE WORDS, OR BY DISCUSSIONS OF PLANS OR STRATEGY THAT INVOLVE RISKS AND UNCERTAINTIES. MANAGEMENT WISHES TO CAUTION THE READER THAT THESE FORWARD-LOOKING STATEMENTS, INCLUDING, BUT NOT LIMITED TO, STATEMENTS REGARDING THE COMPANY'S PLANS, GOALS AND, THE BUSINESS STRATEGY OF THE COMPANY AND OTHER MATTERS THAT ARE NOT HISTORICAL FACTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT OR THAT THE ANTICIPATED FUTURE RESULTS WILL BE ACHIEVED. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY EITHER BECAUSE ONE OR MORE PREDICTIONS PROVE TO BE ERRONEOUS OR AS A RESULT OF OTHER RISKS FACING THE COMPANY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, THE COMPARATIVELY LIMITED FINANCIAL RESOURCES OF THE COMPANY, THE INTENSE COMPETITION THE COMPANY FACES FROM OTHER ESTABLISHED COMPETITORS, TECHNOLOGICAL CHANGES THAT MAY LIMIT THE ABILITY OF THE COMPANY TO MARKET AND SELL ITS PRODUCTS AND SERVICES OR ADVERSELY IMPACT THE PRICING OF THESE PRODUCTS AND SERVICES. ANY ONE OR MORE OF THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED, EXPRESSED, OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENT TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS. About Plasticon International, Inc. Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, and plastic lumber 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.
Posted by ed19363 on :
Sounds like orders must be increasing. This could be good if the MMs will leave it alone.
Posted by Chopper on :
Spring production for rebar supports starts in October. Odd they would release a pr on a wednesday at 11 am. More to come?
Posted by Bearclaw on :
Plasticon Announces Record Mold Construction at Its Pro Mold Subsidiary
By Market Wire Last Update: 9/26/2006 8:54:49 AM Data provided by
LEXINGTON, KY, Sep 26, 2006 (MARKET WIRE via COMTEX) -- Plasticon International Inc. (PINKSHEETS: PLNI) announced today that its Pro Mold, Inc. subsidiary achieved a record in plastic mold construction in its 21-year history.
Mr. James N. Turek, Sr., President of Plasticon, noted that, "Pro Mold achieved the highest plastic mold production construction level in its 21 year history with 31 new molds under construction! This is a remarkable achievement and due in no small part to the outstanding effort of our Sales Manager, Matt Lang. Each of these molds requires new tooling and depending upon the complexity of the design and other attributes, each mold requires eight to 30 weeks of work. The sales value of these molds likely approximates $600,000 based on our current estimates and will generate $528,000 in additional product sales."
Mr. Turek also reported that, "We are looking toward further growth in 2006 and we remain optimistic that our opportunities in the plastic mold markets may offer us new growth potential in future years as we look ahead."
About Plasticon International, Inc.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, and plastic lumber 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.
Posted by Chopper on :
Thanks for the heads up Bear! Good to see Plasticon has life in it. GLTA
Posted by Bearclaw on :
May start covering shorts buddy...could see a hard shake
quote:Originally posted by Chopper: Thanks for the heads up Bear! Good to see Plasticon has life in it. GLTA
Posted by IMAKEMONEY on :
wow this is getting down there! .0008
Posted by ed19363 on :
quote:Originally posted by IMAKEMONEY: wow this is getting down there! .0008
Yeah, hang on, you'll be able to pick up a ton of it when it hits .0001....
Posted by Chopper on :
Press Release Source: Plasticon International Inc.
Plasticon Reports Continued Sales Growth in 2005 and 2006 Thursday September 28, 8:30 am ET
LEXINGTON, KY--(MARKET WIRE)--Sep 28, 2006 -- Plasticon International Inc. (Other OTC:PLNI.PK - News) announced today that it recorded sales growth in its Pro Mold, Inc. subsidiary of approximately 21% in 2005 compared to 2004 sales levels.
Plasticon International purchased Pro Mold, Inc., a St. Louis-based plastic mold manufacturing company in 2005. James N. Turek Sr., President of Plasticon International, also announced that based on current sales rates in 2006, "Pro Mold is poised to achieve an additional 15% growth in sales revenues in 2006.
"These are good growth numbers for us," Mr. Turek noted. "We have had double digit growth in both 2005 and so far in 2006. We remain optimistic that if current order and delivery rates can be maintained and as we look at new tooling under construction, we may be able to achieve and maintain further sales growth into 2007."
Mr. Turek also stated that, "Our ability to continue to grow will depend in large part on our management team at Pro Mold, our ability to deliver quality products within acceptable time frames to meet our customer needs and the general condition of the economy."
About Plasticon International, Inc.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, and plastic lumber 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.
It has come to Plasticon's attention that several stock promotional services are following Plasticon closely. Plasticon has not solicited, endorsed, or contracted with these companies and has no intention of doing so. Company information and updates are released through official channels deemed by the Company.
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. IN SOME CASES FORWARD-LOOKING STATEMENTS CAN BE IDENTIFIED BY THE USE OF FORWARD-LOOKING WORDS SUCH AS "BELIEVES," "EXPECTS," "MAY," "WILL," "SHOULD," OR "ANTICIPATES," OR THE NEGATIVE OF THESE WORDS OR OTHER VARIATIONS OF THESE WORDS OR COMPARABLE WORDS, OR BY DISCUSSIONS OF PLANS OR STRATEGY THAT INVOLVE RISKS AND UNCERTAINTIES. MANAGEMENT WISHES TO CAUTION THE READER THAT THESE FORWARD-LOOKING STATEMENTS, INCLUDING, BUT NOT LIMITED TO, STATEMENTS REGARDING THE COMPANY'S PLANS, PROJECTED GROWTH IN OUR SALES VOLUME, GOALS AND, THE BUSINESS STRATEGY OF THE COMPANY AND OTHER MATTERS THAT ARE NOT HISTORICAL FACTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT OR THAT THE ANTICIPATED FUTURE RESULTS WILL BE ACHIEVED. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY EITHER BECAUSE ONE OR MORE PREDICTIONS PROVE TO BE ERRONEOUS OR AS A RESULT OF OTHER RISKS FACING THE COMPANY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, THE COMPARATIVELY LIMITED FINANCIAL RESOURCES OF THE COMPANY, THE INTENSE COMPETITION THE COMPANY FACES FROM OTHER ESTABLISHED COMPETITORS, TECHNOLOGICAL CHANGES THAT MAY LIMIT THE ABILITY OF THE COMPANY TO MARKET AND SELL ITS PRODUCTS AND SERVICES OR ADVERSELY IMPACT THE PRICING OF THESE PRODUCTS AND SERVICES. ANY ONE OR MORE OF THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED, EXPRESSED, OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENT TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.
Contact: Plasticon International, Inc.: James N. Turek Sr. President and CEO 3288 Eagle View Lane Suite 290 Lexington, Kentucky 40509 web site: http://www.plasticonintl.com
Contact Investor Relations: Andrea Cox Ph: 866 843 2775
-------------------------------------------------------------------------------- Source: Plasticon International Inc.
Posted by pennies4$ on :
Where is the support level for this stock?
Posted by pennies4$ on :
Could this be the support level .0006?
Posted by pennies4$ on :
Support .0006 still holding!!!!
Posted by successinstock on :
News for 'PLNI' - (StockTargets Inc.: Investor targets increase on Plasticon International Inc. stock (Pink Sheets: PLNI) following a recent analyst recommendation)
Oct 17, 2006 (M2 PRESSWIRE via COMTEX) -- Geneva, Switzerland, and Dover, Delaware, USA - StockTargets, Inc., a private Swiss company and an innovator in investor sentiment tracking on listed stocks, measured a firm shift in investor targets over the past few days on Plasticon International Inc.(Pink Sheets: PLNI), following a new recommendation.
Investor sentiment and forecast shows a substantial increase, and remains resolutely positive on the stock's prospects, following the latest news and a revaluation of the company by TTS Zurich. Investors now forecast the stock rising to US$ 0.0014 during the next 12 months. The StockTargets consensus 12 months target was US$ 0.0009 recently.
The 12 months target by TTS Zurich for the stock is US$ 0.02, which represents an upside of 900%. These different targets can be reviewed by clicking the following link: http://www.stocktargets.com/cgi-bin/ticker.pl?command=PLNI.PK. Targets indicators on stocks are an aggregate of all the news, sentiment and forecasts available on the company at a given moment in time, as perceived by investors. Plasticon International Inc. website is http://www.plasticonintl.com.
Plasticon International, Inc. engages in the design, production, and distribution of industrial and commercial products. The company's product portfolio includes concrete accessories, such as rebar supports; informational and directional signage; plastic lumber, which are produced from recycled and recyclable plastics; and concrete-like products made from recycled glass. Plasticon International's line of rebar support products are used in the construction of bridges, highways, roads, buildings, and other infrastructure.
About StockTargets, Inc.
StockTargets, Inc. (http://www.stocktargets.com) is an investment banking and investor relations firm. Its Web site records all participants' sentiment, expressed as targets by its users. The StockTargets system, by building an investor sentiment indicator, attempts to gather and determine an measurement of all entries of users. The user's consensus target can be compared to targets provided by professionals, such as brokerage firms, analysts or fund managers. StockTargets Inc. was founded in 2005.
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement. All trademarks mentioned in this text are properties of their respective owners.
CONTACT: Sean Kelly, StockTargets Inc Tel: +41 22 700 7648
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
(C)1994-2006 M2 COMMUNICATIONS LTD
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Source: Comtex Wall Street News
Posted by ed19363 on :
Oh, goody.....0014 within a year...I'm so happy.
Posted by will on :
The next time one of those target forcast is correct will be the first time.
Posted by successinstock on :
PLNI ORDERS NOBO LIST...SHAREHOLDER LETTER AVAILABLE...
I am pleased to inform you that Plasticon International Inc. is stronger than ever. We have completed both the Semco and Pro Mold Acquisitions. We have completed the 2004 and 2005 Audits and we are now in process of getting current and filing our application with the NASD to up list to the Bulletin Board. Plasticon has experienced tremendous growth over the past two years and I’m proud of the sacrifices we have made to achieve our success.
Despite our efforts, Plasticon is under attack from short sellers and market manipulators who want to take advantage of our market liquidity for their own personal profit to the detriment of our loyal shareholders. Plasticon is now taking the necessary steps to combat this attack, and has ordered a current NOBO list from ADP Investor Communications. The NOBO, which stands for Non Objecting Beneficial Ownership list, shows a more complete corporate ownership profile than is available from the transfer agent alone through the DTC.
We have periodically ordered the NOBO list and compared it with our transfer agents DTC list on several occasions in the last 24 months. Our management knew there was a significant failure to deliver position in our stock, however, until we were ready to execute our business plan to its fullest extent, publishing this list would have been of little consequence to the share price or benefit to our loyal shareholders. Our goal now is to identify and publish the continuous pattern established by brokers to short our stock with an ever-increasing size of failures to deliver. Upon the receipt of the current list and analysis by our SEC attorney, we will work closely with the SEC and all institutional holders to quickly resolve this failure issue.
This is invaluable information for our shareholders and public to be aware of. Naked short selling (NSS) is literally an Economic Attack on our Financial Markets and small cap companies robbing millions of hard earned dollars from investors and the ability for small cap companies to capitalize their operations and research in manner conducive to share holder value. This practice distorts what would otherwise be a free market, in other words, a market where a share price value is dictated by supply and demand only, and not by the undue influence of naked shorters. Short selling, manipulates the price and puts excessive downward pressure on the value of the stock. Short sellers buy back at a greatly reduced price taking millions of dollars in profit at the expense of the shareholders and the company. Because of the lack of brokerage guidance from the SEC, the shorting may continue as the PPS moves upward in a move to slow down the increase allowing the covering of short positions with legitimate shares. This continued short selling action may force Plasticon to continue to order updated NOBO lists to protect our long shareholders investment and the company from further attacks.
Until the SEC enacts strict legislation to curtail such practices in the United States, it will be up to the various companies to police the markets with tools available as in the NOBO list. Plasticon has now begun reporting, completed our acquisitions, increased productivity and have solid management in place. We at Plasticon will do whatever it takes to stop this attack and restore shareholder value and confidence in our company. Shareholders can help. If you suspect that brokerage firm is shorting against your position, please request physical delivery of your stock certificate. Plasticon International would like to thank-you for your continued support.
Regards, James N. Turek Sr. President and CEO Plasticon International, Inc.
Posted by Spartans on :
NOBO list stocks are runnning...SSSU, QBIT, ETIM to name a few...Let's PR this Mr. Turek and get this short squeezzzeeeeee started...
Posted by IMAKEMONEY on :
Oct 17, 2006 4:53:22 AM
Oct 17, 2006 (M2 PRESSWIRE via COMTEX News Network) --
Geneva, Switzerland, and Dover, Delaware, USA - StockTargets, Inc., a private Swiss company and an innovator in investor sentiment tracking on listed stocks, measured a firm shift in investor targets over the past few days on Plasticon International Inc. (Pink Sheets: PLNI), following a new recommendation.
Investor sentiment and forecast shows a substantial increase, and remains resolutely positive on the stock's prospects, following the latest news and a revaluation of the company by TTS Zurich. Investors now forecast the stock rising to US$ 0.0014 during the next 12 months. The StockTargets consensus 12 months target was US$ 0.0009 recently.
The 12 months target by TTS Zurich for the stock is US$ 0.02, which represents an upside of 900%. These different targets can be reviewed by clicking the following link: http://www.stocktargets.com/cgi-bin/ticker.pl?command=PLNI.PK. Targets indicators on stocks are an aggregate of all the news, sentiment and forecasts available on the company at a given moment in time, as perceived by investors. Plasticon International Inc. website is http://www.plasticonintl.com.
Plasticon International, Inc. engages in the design, production, and distribution of industrial and commercial products. The company's product portfolio includes concrete accessories, such as rebar supports; informational and directional signage; plastic lumber, which are produced from recycled and recyclable plastics; and concrete-like products made from recycled glass. Plasticon International's line of rebar support products are used in the construction of bridges, highways, roads, buildings, and other infrastructure.
About StockTargets, Inc.
StockTargets, Inc. (http://www.stocktargets.com) is an investment banking and investor relations firm. Its Web site records all participants' sentiment, expressed as targets by its users. The StockTargets system, by building an investor sentiment indicator, attempts to gather and determine an measurement of all entries of users. The user's consensus target can be compared to targets provided by professionals, such as brokerage firms, analysts or fund managers. StockTargets Inc. was founded in 2005.
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement. All trademarks mentioned in this text are properties of their respective owners.
CONTACT: Sean Kelly, StockTargets Inc Tel: +41 22 700 7648
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
(C)1994-2006 M2 COMMUNICATIONS LTD
Posted by Upside on :
Nice unbiased report from StockTargets, read their disclaimer.
8. Possible bias in companies information. The profile of a company is not without bias, as it may be a company having paid for StockTargets services. StockTargets has been compensated in the past and can be compensated in the future for dissemination of company information on behalf of one or more of the companies mentioned in this Web site and/or to the public. Stocktargets has been compensated in the past for coverage of stocks in this Web site, or for third parties, who are non-affiliated.
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Posted by Chopper on :
PLNI -- Plasticon International, Inc. Com (5 Cents)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Plasticon International Inc. Fights Back!
Plasticon to Launch Aggressive Campaign Against Shorters and Market Manipulators
LEXINGTON, KY, Oct 23, 2006 (MARKET WIRE via COMTEX) -- Plasticon International Inc. (PINKSHEETS: PLNI) announced today that it will be launching an aggressive campaign against shorters and market manipulators in an effort for PLNI shareholders to realize the true value from a company which has experienced sales growth in 2005 compared to 2004 sales levels, and continues to show dramatic improvement in 2006. Plasticon International recently announced that based on current sales rates in 2006 their wholly owned subsidiary Pro Mold is poised to achieve an additional 15% growth in sales revenues.
In a letter to the shareholders www.plasticonintl.com, Jim Turek announced today that it has ordered a current NOBO list from ADP Investor Communications. The NOBO, which stands for Non Objecting Beneficial Ownership list, shows a more complete corporate ownership profile than is available from the transfer agent alone through the DTC.
President and CEO James Turek stated, "We have periodically ordered the NOBO list and compared it with our transfer agents DTC list on several occasions in the last 24 months. Our management knew there was a significant failure to deliver position in our stock; however, until we were ready to execute our business plan to its fullest extent, publishing this list would have been of little consequence to the share price or benefit to our loyal shareholders. Our goal now is to identify and publish the continuous pattern established by brokers to short our stock with an ever-increasing size of failures to deliver. Upon the receipt of the current list and analysis by our SEC attorney, we will work closely with the SEC and all institutional holders to quickly resolve this failure issue."
Mr. Turek stated, "This is invaluable information for our shareholders and public to be aware of. Naked short selling (NSS) is literally an Economic Attack on our Financial Markets and small cap companies robbing millions of hard earned dollars from investors, and the ability for small cap companies to capitalize their operations and research in manner conducive to shareholder value. This practice distorts what would otherwise be a free market, in other words, a market where a share price value is dictated by supply and demand only, and not by the undue influence of naked shorters. Short selling manipulates the price and puts excessive downward pressure on the value of the stock. Short sellers buy back at a greatly reduced price taking millions of dollars in profit at the expense of the shareholders and the company. Because of the lack of brokerage guidance from the SEC, the shorting may continue as the PPS moves upward in a move to slow down the increase allowing the covering of short positions with legitimate shares. This continued short selling action may force Plasticon to continue to order updated NOBO lists to protect our long shareholders investment and the company from further attacks.
"We have all worked extremely hard to build a strong company. I will not allow short sellers and market manipulators to destroy the value we have created," stated Jim Turek, Plasticon CEO.
About Plasticon International Inc.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, and plastic lumber which are all produced from recycled and recyclable plastics. Plasticon is a leader, and 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.
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. IN SOME CASES FORWARD-LOOKING STATEMENTS CAN BE IDENTIFIED BY THE USE OF FORWARD-LOOKING WORDS SUCH AS "BELIEVES," "EXPECTS," "MAY," "WILL," "SHOULD," OR "ANTICIPATES," OR THE NEGATIVE OF THESE WORDS OR OTHER VARIATIONS OF THESE WORDS OR COMPARABLE WORDS, OR BY DISCUSSIONS OF PLANS OR STRATEGY THAT INVOLVE RISKS AND UNCERTAINTIES. MANAGEMENT WISHES TO CAUTION THE READER THAT THESE FORWARD-LOOKING STATEMENTS, INCLUDING, BUT NOT LIMITED TO, STATEMENTS REGARDING THE COMPANY'S PLANS, PROJECTED GROWTH IN OUR SALES VOLUME, GOALS AND, THE BUSINESS STRATEGY OF THE COMPANY AND OTHER MATTERS THAT ARE NOT HISTORICAL FACTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT OR THAT THE ANTICIPATED FUTURE RESULTS WILL BE ACHIEVED. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY EITHER BECAUSE ONE OR MORE PREDICTIONS PROVE TO BE ERRONEOUS OR AS A RESULT OF OTHER RISKS FACING THE COMPANY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, THE COMPARATIVELY LIMITED FINANCIAL RESOURCES OF THE COMPANY, THE INTENSE COMPETITION THE COMPANY FACES FROM OTHER ESTABLISHED COMPETITORS, TECHNOLOGICAL CHANGES THAT MAY LIMIT THE ABILITY OF THE COMPANY TO MARKET AND SELL ITS PRODUCTS AND SERVICES OR ADVERSELY IMPACT THE PRICING OF THESE PRODUCTS AND SERVICES. ANY ONE OR MORE OF THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED, EXPRESSED, OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENT TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.
Plasticon International, Inc.: James N. Turek Sr. President and CEO 3288 Eagle View Lane Suite 290 Lexington, Kentucky 40509 web site: www.plasticonintl.com
Contact Investor Relations: Andrea Cox Ph: 866 843 2775
Good Luck ! Many have tried, all have failed.
Posted by successinstock on :
yes and I feel sorry for the shorts....
tissues anyone?
Posted by IMAKEMONEY on :
.0009 HMM
Posted by successinstock on :
all buys at the ask...should get interesting from here on out.
Posted by Chopper on :
BUYINS . NET : Plasticon International, Inc. (PLNI) SqueezeTrigger Price is $0.0065. Approximately 1.1 billion Shares Shorted Since January 2005 According to Buyins.XXX Research Report
Oct 24, 2006 (M2 PRESSWIRE via COMTEX) -- BUYINS.XXX, www.buyins.XXX, is reiterating coverage of Plasticon International, Inc. (OTC: PLNI) after releasing the latest short sale data to October 2006. From January 2005 to October 2006 approximately 14.1 billion total aggregate shares of PLNI have traded for a total dollar value of nearly $91.9 million. The total aggregate number of shares shorted in this time period is approximately 1.1 billion shares. The PLNI SqueezeTrigger price of $0.0065 is the volume weighted average short price of all short selling in PLNI. A short squeeze is expected to begin when shares of PLNI close above $0.0065. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://XXX.buyins.XXX. Month Total Vol. Short Vol Avg.Price $Value
Jan 05 99,733,360 7,679,469 $.0030 $23,038
Feb 162,740,080 12,530,986 $.0028 $35,087
Mar 69,280,392 5,334,590 $.0029 $15,470
Apr 105,720,168 8,140,453 $.0029 $23,607
May 1,030,887,616 79,378,346 $.0110 $873,162
June 639,579,456 49,247,618 $.0153 $753,489
July 450,594,752 34,695,796 $.0153 $530,846
Aug 429,448,672 33,067,548 $.0157 $519,160
Sept 423,765,856 32,629,971 $.0134 $437,242
Oct 462,601,408 35,620,308 $.0104 $370,451
Nov 964,371,008 74,256,568 $.0072 $534,647
Dec 940,215,360 72,396,583 $.0053 $383,702
Jan 06 2,114,025,728 162,779,981 $.0053 $862,734
Feb 1,082,063,104 83,318,859 $.0065 $541,573
Mar 658,098,944 50,673,619 $.0059 $298,974
Apr 678,449,664 52,240,624 $.0050 $261,203
May 482,693,760 37,167,420 $.0045 $167,253
June 436,686,272 33,624,843 $.0034 $114,324
July 305,726,816 23,540,965 $.0024 $56,498
Aug 548,061,696 42,200,751 $.0021 $88,622
Sept 1,426,674,432 109,853,931 $.0013 $142,810
Oct 630,668,160 48,561,448 $.0008 $38,849
= 14,142,086,704 1,088,940,676 $.0065 $7,072,742
*short volume is approximated using a proprietary algorithm.
**average short price is calculated using a volume weighted average short price.
***short volume is the total short trade volume and does not account for covers.
PLNI On OTC Naked Short Threshold List
On List Off List # Days
January 7, 2005 January 13, 2005 5
February 14, 2005 February 18, 2005 5
Plasticon International, Inc. has been on the OTC Naked Short Threshold list 2 times. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. SEC Regulation SHO, under the Securities Exchange Act of 1934, mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.
About Plasticon International, Inc.
Plasticon International, Inc. engages in the design, production, and distribution of industrial and commercial products. The company's product portfolio includes concrete accessories, such as rebar supports; informational and directional signage; plastic lumber, which are produced from recycled and recyclable plastics; and concrete-like products made from recycled glass. Plasticon International's line of rebar support products are used in the construction of bridges, highways, roads, buildings, and other infrastructure. The company was founded in 1981. It was formerly known as Wicklund Holding Company, Inc. and changed its name to Plasticon International, Inc. in 2004. Plasticon International is based in Lexington, Kentucky.
About BUYINS.XXX
XXX.BUYINS.XXX is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. BUYINS has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.
BUYINS.XXX has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly 1,000,000,000 short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like BUYINS to access the data.
The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, BUYINS.XXX provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.
All material herein was prepared by BUYINS.XXX, based upon information believed to be reliable. The information contained herein is not guaranteed by BUYINS.XXX to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. Plasticon International, Inc. has paid $1,990.00 to purchase data for information provided in this report. The data service can be cancelled at any time. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BUYINS.XXX is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. BUYINS.XXX will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
BUYINS.XXX and SQUEEZETRIGGER are intended for use by stock market professionals. As a member, visitor, or user of any kind, you accept full responsibilities for your investment and trading actions. The contents of BUYINS.XXX, including but not limited to all implied or expressed views, opinions, teachings, data, graphs, opinions, or otherwise are not predictions, warranty, or endorsements of any kind. Please seek stock market advice from the proper securities professional, or investment advisor.
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This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
CONTACT: Thomas Ronk, CEO Tel: +1 800 715 9999 e-mail: Tom* ********** XXX: http://XXX .buyins. net
Posted by successinstock on :
WOW....1.1 billion shares....c'mon PLNI lets see the NOBO numbers....
Sheet is going to hit the fan on this one.
Posted by Doctoall on :
quote:Originally posted by successinstock: WOW....1.1 billion shares....c'mon PLNI lets see the NOBO numbers....
Sheet is going to hit the fan on this one.
Only problem when the chit hits the fan is that there is nothing to guarantee that it will be distributed evenly Posted by cajrel on :
Im in with a little over 1mil...go plni!!!!!!!!!!!!!!!Run will we see a nickle?
Posted by IMAKEMONEY on :
Plasticon International Inc. (OTC: PLNI) - Monday's shares stayed even at $0.0007 per share with a total of 64,527,333 shares traded. The company announced that it will be launching an aggressive campaign against shorters and market manipulators in an effort for PLNI shareholders to realize the true value from a company which has experienced sales growth in 2005 compared to 2004 sales levels, and continues to show dramatic improvement in 2006. Plasticon International recently announced that based on current sales rates in 2006 their wholly owned subsidiary Pro Mold is poised to achieve an additional 15% growth in sales revenues. In a letter to the shareholders www.plasticonintl.com, Jim Turek announced today that it has ordered a current NOBO list from ADP Investor Communications. The NOBO, which stands for Non Objecting Beneficial Ownership list, shows a more complete corporate ownership profile than is available from the transfer agent alone through the DTC. President and CEO James Turek stated, "We have periodically ordered the NOBO list and compared it with our transfer agents DTC list on several occasions in the last 24 months. Our management knew there was a significant failure to deliver position in our stock; however, until we were ready to execute our business plan to its fullest extent, publishing this list would have been of little consequence to the share price or benefit to our loyal shareholders. Our goal now is to identify and publish the continuous pattern established by brokers to short our stock with an ever-increasing size of failures to deliver. Upon the receipt of the current list and analysis by our SEC attorney, we will work closely with the SEC and all institutional holders to quickly resolve this failure issue." Mr. Turek stated, "This is invaluable information for our shareholders and public to be aware of. Naked short selling (NSS) is literally an Economic Attack on our Financial Markets and small cap companies robbing millions of hard earned dollars from investors, and the ability for small cap companies to capitalize their operations and research in manner conducive to shareholder value. This practice distorts what would otherwise be a free market, in other words, a market where a share price value is dictated by supply and demand only, and not by the undue influence of naked shorters. Short selling manipulates the price and puts excessive downward pressure on the value of the stock. Short sellers buy back at a greatly reduced price taking millions of dollars in profit at the expense of the shareholders and the company. Because of the lack of brokerage guidance from the SEC, the shorting may continue as the PPS moves upward in a move to slow down the increase allowing the covering of short positions with legitimate shares. This continued short selling action may force Plasticon to continue to order updated NOBO lists to protect our long shareholders investment and the company from further attacks. "We have all worked extremely hard to build a strong company. I will not allow short sellers and market manipulators to destroy the value we have created," stated Jim Turek, Plasticon CEO.
Plasticon International, Inc. engages in the design, production, and distribution of industrial and commercial products. The company's product portfolio includes concrete accessories, such as rebar supports; informational and directional signage; plastic lumber, which are produced from recycled and recyclable plastics; and concrete-like products made from recycled glass. Plasticon International's line of rebar support products are used in the construction of bridges, highways, roads, buildings, and other infrastructure. The company was founded in 1981. It was formerly known as Wicklund Holding Company, Inc. and changed its name to Plasticon International, Inc. in 2004. Plasticon International is based in Lexington, Kentucky.
Posted by IMAKEMONEY on :
Plasticon International, Inc. (OTC: PLNI) - Yesterday's dollar volume was $41,942. Last traded at .0007.
October 23 - Plasticon International Inc. Fights Back!
Plasticon International Inc. (OTC: PLNI) announced today that it will be launching an aggressive campaign against shorters and market manipulators in an effort for PLNI shareholders to realize the true value from a company which has experienced sales growth in 2005 compared to 2004 sales levels, and continues to show dramatic improvement in 2006.
Posted by Doctoall on :
Actually closed at 0.0008 Posted by JW on :
Chart is looking better, we might have finaly hit bottom....
Posted by successinstock on :
Press Release Source: Plasticon International, Inc.
********** Identifies Naked Short Selling of 1.1 Billion Shares of Plasticon Stock Thursday October 26, 8:30 am ET
LEXINGTON, KY--(MARKET WIRE)--Oct 26, 2006 -- Plasticon International, Inc. (Other OTC:PLNI.PK - News) was informed that **********, a company not affiliated with Plasticon, has reported that the total aggregate number of Plasticon shares shorted from January 2005 to October 2006 is approximately 1.1 billion shares with an approximate total dollar value of $91.9 million.
According to **********, the Squeeze Trigger price of $0.0065 is the volume weighted average short price of all short selling in PLNI. A short squeeze is anticipated when PLNI shares close above $0.0065. To access SqueezeTrigger prices ahead of potential short squeezes visit http://www.**********.
ADVERTISEMENT "It has been our goal to identify and publish the pattern of brokers shorting our stock with the failure to deliver shares. Naked short selling is a financial assault and robs millions of dollars from investors as well as the ability for small cap companies to capitalize their operations. We are distressed by naked short selling and this practice wrongly influences the market. Our primary focus right now is to restore shareholder value and confidence in Plasticon International, Inc," stated Plasticon President and CEO Jim Turek.
Plasticon International, Inc. was on the OTC Naked Short Threshold list in January and in February of 2005. At the conclusion of each settlement day, data was provided on securities in which there were at least 10,000 shares in aggregate failed deliveries for five consecutive settlement days. The failures were to have constituted at least 0.5% of the issuer's total shares outstanding. The Securities Exchange Act of 1934 mandates that if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent and the broker/dealer it clears for must purchase securities to close out its fail to deliver position.
About Plasticon International, Inc.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, 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.
Okay, we knew that. Now what are they going to do about it?
Posted by Spartans on :
Up 25% and took out the wall of 12 MM's at .001...only 2 left
Posted by IMAKEMONEY on :
HMMM Posted by Spartans on :
Now the big three vfin, ubss and etrd holding it at .0009 x .001 ...4x3
Posted by IMAKEMONEY on :
COULD GET GOING, IM IN AND LIKE THE CONCEPT AND PRODUCTS!
Posted by Doctoall on :
Little uptick this AM Posted by IMAKEMONEY on :
GOING UP!!! Posted by JW on :
More buys cominging at .0011, it looks like we are on our way!!
GLTA
Posted by plni on :
I sure hope so got back in at.0008 last week.
Posted by Chopper on :
Up 43% for the week. Niiiiiiice
Can't help but be Jazzed up. Let's hope for a banger follow-up week.
Posted by Chopper on :
PLNI -- Plasticon International, Inc. .001 Com (5 Cents) Plasticon International, Inc.'s SEMCO Manufacturing Unit Selected for West Charleston Lofts Project in Las Vegas
LEXINGTON, KY, Oct 30, 2006 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) announced today that the company's wholly owned subsidiary, SEMCO Manufacturing, Inc. has been selected for the West Charleston Lofts project in Las Vegas, Nevada. The first element of the project has been awarded in the amount of $150,000 and work is progressing on the first 45 units for a total estimated value of $852,000. As currently planned, SEMCO has been informed that the project will feature two five-story buildings of 105 lofts each at the southwest corner of the Interstate 215, Las Vegas Beltway and West Charleston Boulevard. Eight floor plans, ranging from 1,530 to 2,800 square feet, will be available the first quarter of 2007. The loft style is achieved by exposed ductwork, expansive windows and 10- to 12-foot ceiling heights in the single-story lofts and 20-foot ceilings in the two-story lofts.
"We are very excited about the recent project bid that was awarded to SEMCO Manufacturing, Inc. There will be more details regarding the project as the work progresses and there may be additional projects awarded from West Charleston Lofts," stated Jim Turek, CEO and President of Plasticon International, Inc.
SEMCO Manufacturing, based in Las Vegas, Nevada since 1981, markets and sells surfacing products to many of the city's most impressive showcase projects, including a number of 5 star luxury resorts. SEMCO is known for its eclectic customer base which 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. One well-known SEMCO project included the Biosphere project where SEMCO 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 its products are not only extensively used indoors, but also on heavily trafficked outdoor walkways, in extreme outdoor weather conditions, in chlorinated pool water and on rugged exteriors. SEMCO Manufacturing has offices in the U.S., Japan, China, Singapore, and Australia.
For more information about SEMCO Manufacturing, please visit www.semcomfg.com.
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.
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. IN SOME CASES FORWARD-LOOKING STATEMENTS CAN BE IDENTIFIED BY THE USE OF FORWARD-LOOKING WORDS SUCH AS "BELIEVES," "EXPECTS," "MAY," "WILL," "SHOULD," OR "ANTICIPATES," OR THE NEGATIVE OF THESE WORDS OR OTHER VARIATIONS OF THESE WORDS OR COMPARABLE WORDS, OR BY DISCUSSIONS OF PLANS OR STRATEGY THAT INVOLVE RISKS AND UNCERTAINTIES. MANAGEMENT WISHES TO CAUTION THE READER THAT THESE FORWARD-LOOKING STATEMENTS, INCLUDING, BUT NOT LIMITED TO, STATEMENTS REGARDING THE COMPANY'S PLANS, GOALS AND, THE BUSINESS STRATEGY OF THE COMPANY AND OTHER MATTERS THAT ARE NOT HISTORICAL FACTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT OR THAT THE ANTICIPATED FUTURE RESULTS WILL BE ACHIEVED. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY EITHER BECAUSE ONE OR MORE PREDICTIONS PROVE TO BE ERRONEOUS OR AS A RESULT OF OTHER RISKS FACING THE COMPANY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, THE COMPARATIVELY LIMITED FINANCIAL RESOURCES OF THE COMPANY, THE INTENSE COMPETITION THE COMPANY FACES FROM OTHER ESTABLISHED COMPETITORS, TECHNOLOGICAL CHANGES THAT MAY LIMIT THE ABILITY OF THE COMPANY TO MARKET AND SELL ITS PRODUCTS AND SERVICES OR ADVERSELY IMPACT THE PRICING OF THESE PRODUCTS AND SERVICES. ANY ONE OR MORE OF THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED, EXPRESSED, OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENT TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.
Waterhouse won't let anyone buy on line Just tried to buy 400000 *.001 and msg said call broker to trade this stock - fyi
Posted by Doctoall on :
Sweet PR Just got back from Vegas last night, and know exactly where that project is located.
Posted by IMAKEMONEY on :
Very Nice!
Posted by Chopper on :
If Plasticon does what it did last week I believe we may see a PR Tomorrow morning. Wonder what it could be?
Posted by successinstock on :
Press Release Source: Plasticon International Inc.
Plasticon International, Inc. Subsidiary Awarded Nevada Beltway Construction Contract Valued at Over $240,000 Tuesday October 31, 8:08 am ET
LEXINGTON, KY--(MARKET WIRE)--Oct 31, 2006 -- Plasticon International, Inc. (Other OTC:PLNI.PK - News) is pleased to announce that the Nevada Department of Transportation has awarded Semco Distribution, Inc., a subsidiary of the Company, a $241,850 contract for the surfacing of the concrete embankment at the I-515 Beltway Interchange in Nevada. The project involves the application of Semco's proprietary concrete sealants and anti-graffiti coating. ADVERTISEMENT
Semco's coating system was chosen to allow the Nevada Department of Transportation an opportunity to use a more attractive color combination, to eliminate the absorption of water into the surface of the structure and to mitigate the cleanup cost of graffiti with their protective coating. The new interchange joins Interstates 215 and 515 in Henderson, Nevada with numerous roads, bridges ands ramps. The total cost of the Interchange project is $82,247,827, paid for by a combination of federal, state and local funds.
"We believe that as environmental regulations increase, the worldwide demand for Semco's surfacing systems may grow. We now offer a total waterproofing solution for major construction projects. Our unique re-bar support products with Semco's concrete coating is a combination that will provide countless opportunities for us to sell both Plasticon and Semco products to the same customers on the same projects," stated Plasticon President and CEO Jim Turek.
Based in Las Vegas, Semco manufactures, markets, and sells custom surfacing products to high profile commercial, public and private clientele. Its product line is noted for its cosmetic appeal and durability for use in heavily used walkways, extreme outdoor conditions and in chlorinated pools. Plasticon completed the acquisition of Semco Distribution, Inc. and Ultimate Surface, LLC on January 1, 2006.
About Plasticon International, Inc.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, 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.
Posted by Spartans on :
I'm adding to my position today. It's obvious that PLNI is going to let the dogs out. I'm betting PLNI has a line of contracts and material events to release. As a NOBO play and a penny land company that actually produces products this approach will force the short squeeze very soon. I want to be fully in before the NOBO numbers are released.
Posted by IMAKEMONEY on :
short squeeze is coming,JMO Posted by Doctoall on :
quote:Originally posted by IMAKEMONEY: short squeeze is coming,JMO
Almost no volume this AM Posted by JW on :
Good PR, contract may be small but it bodes well for future DOT work.
Posted by Doctoall on :
Should be an interesting day Posted by JW on :
I hate to sound like a pumper, but this might be a good time to get in.
Posted by ed19363 on :
Might be a good time to get out, too...who knows?
Posted by Chopper on :
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
PLASTICON INTERNATIONAL, INC. files Form 8-K, Current Report -------------------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________
FORM 8-K CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 1, 2006
PLASTICON INTERNATIONAL, INC.
(Exact Name of Registrant as Specified in Charter)
Wyoming 0-32201 20-4263326
(State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification Number)
3166 Custer Drive, Suite 101, Lexington, Kentucky 40517
(Address of Principal Executive Offices, Zip Code)
Registrant’s telephone number, including area code: (859) 245-5252 ________________
Wicklund Holding Company
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425).
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).
THE STATEMENTS CONTAINED IN THIS CURRENT REPORT THAT ARE NOT HISTORICAL FACTS ARE “FORWARD-LOOKING STATEMENTS (AS THAT TERM IS DEFINED IN THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995), THAT CAN BE IDENTIFIED BY THE USE OF FORWARD-LOOKING WORDS SUCH AS “BELIEVES, “EXPECTS, “ ”MAY,” “WILL,” “SHOULD,” OR “ANTICIPATES,” OR THE NEGATIVE OF THESE WORDS OR OTHER VARIATIONS OF THESE WORDS OR COMPARABLE WORDS, OR BY DISCUSSIONS OF STRATEGY THAT INVOLVE RISKS AND UNCERTAINTIES. MANAGEMENT WISHES TO CAUTION THE READER THAT THESE FORWARD-LOOKING STATEMENTS INCLUDING, BUT NOT LIMITED TO, STATEMENTS REGARDING THE PLANNED EFFORTS TO IMPLEMENT THE COMPANY’S BUSINESS PLAN AND ANY OTHER EFFORTS THAT THE COMPANY INTENDS TO TAKE IN AN ATTEMPT TO GROW THE COMPANY, ENHANCE SALES, ATTRACT & RETAIN QUALIFIED PERSONNEL, AND OTHERWISE EXPAND THE COMPANY’S BUSINESS ARE NOT HISTORICAL FACTS AND ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT OR THAT THE ANTICIPATED FUTURE RESULTS WILL BE ACHIEVED. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY EITHER BECAUSE ONE OR MORE PREDICTIONS PROVE TO BE ERRONEOUS OR BECAUSE OF THE CONTINUING RISKS FACING THE COMPANY. SUCH RISKS INCLUDE, BUT ARE NOT LIMITED TO, THE FOLLOWING: THE PROSPECTS AND FINANCIAL CONDITION of SEMCO DISTRIBUTION, INC. AND/OR ULTIMATE SURFACE, LLC, OUR LIMITED DUE DILIGENCE IN EVALUATING THE ACQUISITION OF THESE COMPANIES, OUR ABILITY TO IMPLEMENT OUR PLANNED BUSINESS STRATEGY, THE RISK ASSOCIATED WITH AN EARLY STAGE COMPANY, AND THE UNCERTAINTIES AND RISKS OF A SMALL COMPANY WITH LIMITED MANAGERIAL, FINANCIAL, AND MARKETING RESOURCES. ANY ONE OR MORE OF THESE AND OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED, EXPRESSED, OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS.
As used herein, the terms, “we,” “us,” “our,” and the “Company” refers to Plasticon International, Inc., a Wyoming corporation and its subsidiaries, unless otherwise stated.
ITEM 1.01 Entry into a Material Definitive Agreement
Share and Membership Interest Purchase Agreement
On January 1, 2006, Plasticon International, Inc. (the “Company”) entered into a Share and Membership Interest Purchase Agreement (the “Acquisition Agreement”) with Semco Distribution, Inc., a Nevada corporation (“Semco”), Ultimate Surface, LLC, a Nevada limited liability company (“USL”), and Samel Sem and Yamine Sem (both of the latter, as the “Semco Owners”).
Under the terms of the Acquisition Agreement (and except for the then current balance of Semco’s cash, accounts receivable, accounts payable, and accrued liabilities), the Company acquired all of the outstanding common stock of Semco and all of the outstanding membership interests of USL at a purchase price (including the performance payment) of $2,750,000 (the “Purchase Price”).
The Acquisition Agreement provided that the Purchase Price was to be paid as follows:
(1) The Company is to pay a refundable cash payment of $100,000 prior to close of escrow of the Acquisition Agreement (the “Initial Cash Payment”).
(2) The Company is to pay the cash sum of $550,000 upon the close of escrow (with said payment refundable in the event of termination of the Acquisition Agreement).
(3) The Company is to issue shares of the Company’s common stock to the Semco Owners with said shares to have a valuation of $100,000 upon close of escrow.
(4) The Semco Owners are to be paid up to $2,000,000 as a Performance Payment (the “Performance Payment”) to be paid monthly out of 50% of Semco’s net profits before tax by the 10 th working day of the month immediately following the month in which said net profits are recorded with the term “net profits” to be a formula determined by the parties prior to the close of escrow on the Acquisition Agreement. The Company’s obligation to pay the Performance Payment is to continue until it is paid in full.
(5) A royalty payment to the Semco Owners equal to 4% of the net profits derived from the then current proprietary technology owned by SEMCO (without including any new or resulting technology developed or established by the Company after the closing of the Acquisition Agreement) (the “Royalty Payment”).The Royalty Payment is to be paid to the Semco Owners and/or their heirs for a period of 20 years from and after the Performance Payment.
The Acquisition Agreement also provided that: (A) the existing USL sales contract and related costs are retained by the Semco Owners and not included in the Acquisition Agreement; (B) all of the shares of Semco and the membership interests of USL acquired pursuant to the Acquisition Agreement are to be held in escrow until the Purchase Price is paid in full; and (C) the Semco Owners agreed to non-compete agreement with the Company.
WOW...story keeps getting better for PLNI!!!...can't wait until the open!
Posted by Spartans on :
I noticed at around 3:40PM the MM's jumped hard on the bid and then right after close the 8K comes out. I would assume the financials are in the near term. My thinking is the MM's are preparing for PLNI to complete this process. why else load up right before the 8K? Especially after slowly bringing the PPS up over the past week.
Any ideas along these lines?
Posted by Chopper on :
PLNI -- Plasticon International, Inc. .001 Com (5 Cents)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Plasticon International, Inc. Files Form 8-K Regarding Acquisition of Semco Distribution, Inc. and Ultimate Surface, LLC
LEXINGTON, KY, Nov 02, 2006 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) is pleased to announce that the Company filed Form 8-K with the SEC in connection with the acquisition of Semco Distribution, Inc and Ultimate Surface, LLC. The agreement is available on Plasticon International's website at www.plasticonintl.com. Plasticon International, Inc. entered into a Share and Membership Interest Purchase Agreement with Semco Distribution, Inc. and Ultimate Surface, LLC. The Company acquired all of the outstanding common stock of Semco and all of the outstanding membership interests of Ultimate Surface, LLC.
"This acquisition has been greatly anticipated because the industry realizes that Plasticon's rebar support products and SEMCO's surfacing products, offered together, represent superior waterproofing technology in the marketplace today for the construction industry. We are very excited about the purchase of SEMCO and in an effort to better meet our filing obligations with the SEC and in preparation for our application to the OTCBB, we felt it was necessary to file the Form 8-K on the acquisition," stated Jim Turek, CEO and President of Plasticon International, Inc.
About Plasticon International, Inc.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, 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.
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. THESE FORWARD-LOOKING STATEMENTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, OUR COMPARATIVELY LIMITED FINANCIAL RESOURCES, AND OTHER FACTORS THAT MAY ADVERSELY IMPACT US. THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE SUCH STATEMENTS TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.
Maybe getting ready to run, that would be great news Posted by successinstock on :
News: Plasticon International, Inc. Files Form 8-K Regarding Acquisition of Semco Distribution, Inc. and Ultimate Surface, LLC
LEXINGTON, KY, Nov 02, 2006 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) is pleased to announce that the Company filed Form 8-K with the SEC in connection with the acquisition of Semco Distribution, Inc and Ultimate Surface, LLC. The agreement is available on Plasticon International's website at www.plasticonintl.com. Plasticon International, Inc. entered into a Share and Membership Interest Purchase Agreement with Semco Distribution, Inc. and Ultimate Surface, LLC. The Company acquired all of the outstanding common stock of Semco and all of the outstanding membership interests of Ultimate Surface, LLC.
"This acquisition has been greatly anticipated because the industry realizes that Plasticon's rebar support products and SEMCO's surfacing products, offered together, represent superior waterproofing technology in the marketplace today for the construction industry. We are very excited about the purchase of SEMCO and in an effort to better meet our filing obligations with the SEC and in preparation for our application to the OTCBB, we felt it was necessary to file the Form 8-K on the acquisition," stated Jim Turek, CEO and President of Plasticon International, Inc.
About Plasticon International, Inc.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, 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.
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. THESE FORWARD-LOOKING STATEMENTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, OUR COMPARATIVELY LIMITED FINANCIAL RESOURCES, AND OTHER FACTORS THAT MAY ADVERSELY IMPACT US. THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE SUCH STATEMENTS TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.
This acquisition has been greatly anticipated because the industry realizes that Plasticon's rebar support products and SEMCO's surfacing products, offered together, represent superior waterproofing technology in the marketplace today for the construction industry. We are very excited about the purchase of SEMCO and in an effort to better meet our filing obligations with the SEC and in preparation for our application to the OTCBB, we felt it was necessary to file the Form 8-K on the acquisition," stated Jim Turek, CEO and President of Plasticon International, Inc.
Posted by IMAKEMONEY on :
better and better!! .0012
Posted by ed19363 on :
Be careful. They still have to deal with the shorts and MMs, and that nasty O/S number.
Posted by successinstock on :
PLNI should pull a RSHN and retire some shares to get this going....
Posted by IMAKEMONEY on :
TwinTrader.com: TwinTrader.com reports on the Pink Sheet Trade Leaders: iPackets International, Inc. (OTC: IPKL), RushNet, Inc. (OTC: RSHN), VIP ComLink, Inc. (OTC: VIPM), Plasticon International, Inc. (OTC: PLNI), Produce Safety & Security Internatio Plasticon International, Inc. (OTC: PLNI) - hit 129 trades at close. Traded up 10.00%.
November 2 - Plasticon International, Inc. Files Form 8-K Regarding Acquisition of Semco Distribution, Inc. and Ultimate Surface, LLC
Plasticon International, Inc. (OTC: PLNI) is pleased to announce that the Company filed Form 8-K with the SEC in connection with the acquisition of Semco Distribution, Inc and Ultimate Surface, LLC. The agreement is available on Plasticon International's website at www.plasticonintl.com Posted by Doctoall on :
Nice close Posted by Spartans on :
This slow and steady incline is healthy. The NOBO numbers and the first quarter financials with the forgiveness of debt of around $27 million will leave them essentially debt free. Thes will move it a little faster...I expect the NOBO numbers this week..IMO
quote:Originally posted by successinstock: PLNI should pull a RSHN and retire some shares to get this going....
Posted by Doctoall on :
Do we close higher than 0.0012 today Let's hope so.
Posted by Chopper on :
Well a tidbit of Good News.
The Pro-Mold site that was down for nearly a year is now back up! Very simple pages, but that is ok. Looks like JT is slowly moving in the right direction by taking care of all the little things that needed done one by one. http://www.promold-inc.com/ Posted by Chopper on :
Slow day... Good reason to go out and Vote your Favorite bum in or out. PLNI continues to channel in the .0011-12 range. IMO thats a good thing.
Posted by ed19363 on :
Oh, yeah, it's wonderful that the PPS isnt doing anything....I'm thrilled.
Posted by Chopper on :
Press Release Source: Plasticon International, Inc.
Plasticon International, Inc.'s SEMCO Manufacturing Unit Begins Work on West Charleston Lofts Project in Las Vegas Thursday November 9, 9:38 am ET
LEXINGTON, KY--(MARKET WIRE)--Nov 9, 2006 -- Plasticon International, Inc. (Other OTC:PLNI.PK - News) announced today that the company's wholly owned subsidiary, SEMCO Manufacturing, Inc. is beginning to work on the West Charleston Lofts Project in Las Vegas, NV. The current work covers patios, pools and corridors for the first 45 units of the project. The West Charleston Lofts will feature Semco's proprietary surface treatments for surfacing, decorating and anti marking or graffiti protection for the entire project of approximately 210 condos connecting hallways, balconies and pools. The total of Semco's portion of the project is valued at $852,000. The work on additional condo elements will be awarded as the units become available.
As currently planned, Semco has been informed that the project will feature two five-story buildings of 105 lofts each at the southwest corner of the Interstate 215, Las Vegas Beltway and West Charleston Boulevard. Eight floor plans, ranging from 1,530 to 2,800 square feet, will be available the first quarter of 2007. The loft style is achieved by exposed ductwork, expansive windows and 10- to 12-foot ceiling heights in the single-story lofts and 20-foot ceilings in the two-story lofts.
"The west Charleston Lofts Project is a major stepping stone in vertical marketing for Semco Manufacturing, Inc. This project showcases the effectiveness of our products not only outdoors but indoors as well. We're still waiting on information about additional work that is being considered, such as the table and counter tops, that would create additional revenues," stated Samel Sem, President of Semco Manufacturing, Inc.
Semco's product line is noted for its incredible durability which is why its products are not only extensively used indoors, but also on heavily trafficked outdoor walkways, in extreme outdoor weather conditions, in chlorinated pool water and on rugged exteriors. Semco Manufacturing has offices in the U.S., Japan, China, Singapore, and Australia.
For more information about SEMCO Manufacturing, please visit www.semcomfg.com.
About Plasticon International, Inc. Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, 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.
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. THESE FORWARD-LOOKING STATEMENTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, OUR COMPARATIVELY LIMITED FINANCIAL RESOURCES, AND OTHER FACTORS THAT MAY ADVERSELY IMPACT US. THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE SUCH STATEMENTS TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.
-------------------------------------------------------------------------------- Source: Plasticon International, Inc.
Posted by successinstock on :
great news...looks like PLNI's Semco is putting the pieces together for a great year.
Posted by jas2mel on :
Has anyone heard what the company plans to do concerning the NOBO list. Maybe retire so shares.
Posted by Chopper on :
Press Release Source: Plasticon International, Inc.
Plasticon International, Inc. Showcases New SEMCO Wallcovering Product to Over 35,000 Attendees at the International Hotel/Motel & Restaurant Show in New York Monday November 13, 9:42 am ET
LEXINGTON, KY--(MARKET WIRE)--Nov 13, 2006 -- Plasticon International, Inc. (Other OTC:PLNI.PK - News) announced today that the Company's wholly owned subsidiary, SEMCO Manufacturing, Inc., is presenting its new product, the X-Bond system, at the International Hotel/Motel and Restaurant Show in New York. Jim Turek, CEO and President of Plasticon International, is representing SEMCO and presenting their products at the Big Apple Worldwide booth, # 4002, to more than 35,000 attendees. The show commenced November 11, 2006, at the Jacob K. Javits Convention Center, with a full day of conferences and featured a keynote address by former NYC Mayor Rudy Giuliani. SEMCO's innovative X-Bond system is a waterproof, lightweight, cementatious product that can resurface virtually any surface. The X-Bond system offers a durable and environmentally responsible creative design capability. This superior bonding system adheres directly to any existing surface. X-Bond can be safely applied in confined areas over existing surfaces minimizing waste disposal.
"We are very excited to showcase our amazing X-Bond system at one of the world's largest hospitality shows. The X-Bond system has unlimited texture possibilities, which allow for complete creative freedom. This durable, waterproof system is designed for both interior, exterior and below grade use," stated Jim Turek, CEO and President of Plasticon International, Inc.
The show is owned by the Hotel Association of New York City, Inc., the New York State Hospitality & tourism Association, Inc., and the American Hotel & Lodging Association, featuring more than 1,400 products and services.
For more information about SEMCO Manufacturing, please visit www.semcomfg.com.
About Plasticon International, Inc. Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, 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.
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. THESE FORWARD-LOOKING STATEMENTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, OUR COMPARATIVELY LIMITED FINANCIAL RESOURCES, AND OTHER FACTORS THAT MAY ADVERSELY IMPACT US. THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE SUCH STATEMENTS TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.
Contact: Contact: For more information: Investor Relations 1-866-THE-APPL(E) http://www.plasticonintl.com Posted by Chopper on :
Sorry for the double post. I woud like to see some filed Q's along with the NOBO myself.
Posted by IMAKEMONEY on :
NICE NEWS!!
Posted by ed19363 on :
Yep, and the PPS (as usual) drops on good news.
Posted by Chopper on :
Did we not get a substantial pr the next day after Plasticon released one on a Monday?
Could we get the NOBO or Q1 tomorrow.... Looks like a 50/50 lotto play to me.
Posted by IMAKEMONEY on :
Big Apple Wallcovering, Inc. and Plasticon International, Inc. ReportSuccessful Showing to More Than 35,000 Attendees at InternationalHotel/Motel and Restaurant Show
Nov 21, 2006 10:48:48 (ET)
NEW YORK, NY, Nov 21, 2006 (MARKET WIRE via COMTEX) -- Big Apple Worldwide, Inc. (PINKSHEETS: BPWW) is pleased to announce that their wholly owned subsidiaries, Big Apple Wallcovering, Inc., and Elabrient Surfaces, Inc., showcased their lines of exclusive wallcoverings, fabrics and surfacing products at the 91st Annual International Hotel/Motel & Restaurant Show in New York City. Jim Turek, CEO and President of Plasticon International, Inc. (PINKSHEETS: PLNI), represented SEMCO and presented their products at the Big Apple Worldwide booth to more than 35,000 attendees.
Big Apple Wallcovering unveiled a striking, NYC-themed exhibit, featuring large-screen video demonstrations surrounded by digital video kiosks which showcased the 'No More Books' technology and Elabrient Surfaces, 'Touch Point Imagery.' Also among the products featured was SEMCO's innovative X-Bond system, a waterproof, lightweight, cementatious product that can be used to resurface virtually any surface.
"Big Apple Worldwide, Inc. is excited about the results from the International Hotel/Motel and Restaurant show. We are reviewing future prospects for possible agreements with Plasticon International, Inc. Our 'No More Books'(TM) campaign was a huge success and we look forward to announcing developments of new contracts and purchase orders," stated Neal Jablon, President of Big Apple Worldwide, Inc.
"We are very pleased with the results from the International Hotel/Motel and Restaurant show. There were over 35,000 people in attendance and the response was tremendous. We are pursuing possible leads from several companies and expect to announce related developments in the near future," stated Jim Turek, CEO and President of Plasticon International, Inc.
About Big Apple Worldwide, Inc.: Big Apple Worldwide, Inc. ( www.bigappleworldwide.com ) is a holding company focused on serving the hospitality and leisure market. Big Apple Wallcovering, Inc. ( www.bigapplewallcovering.com ) is a wholly owned subsidiary of Big Apple Worldwide and has inspired the Architecture and Design community with cutting-edge design and the manufacturing of architectural wallcovering and fabrics for hospitality, private offices and commercial interiors. Big Apple Worldwide, Inc. also recently purchased Elabrient Surfaces, which is a commercial interior design development and manufacturing company specializing in commercial wallcovering. Big Apple Travel, Inc. ( www.bigappletravel.com ), a wholly owned subsidiary of Big Apple Worldwide, Inc., is a full service travel agency and features a next generation travel salon in Orlando, Florida.
About Plasticon International, Inc.: Plasticon International ( www.plasticonintl.com ) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, 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.
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASSUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. THESE FORWARD-LOOKING STATEMENTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, OUR COMPARATIVELY LIMITED FINANCIAL RESOURCES, AND OTHER FACTORS THAT MAY ADVERSELY IMPACT US. THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE SUCH STATEMENTS TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.
Contact: For more information: Investor Relations 1-866-THE-APPL(E)
Posted by Chopper on :
Pieces of the puzzle slowly coming together.
Almost Like waiting for the kids to graduate college so you can buy that new Condo at the beach. Just seems to take forever.
Posted by successinstock on :
Live from the trade show......
Posted by Spartans on :
Did anyone notice the MM's posturing on Friday? It's almost like they know something that we don't. The last time this type of activity happened was the day prior to the Semco 8K...Keep a close eye out IMO...GLTA
Posted by paulbest on :
Dont you just hate when all the numbers are in parentheses?
Posted by Chopper on :
SEMCO Manufacturing, Inc. Completes Hard Rock Cafe Floor Logo Project
LEXINGTON, KY, Nov 28, 2006 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) announced today that the Company's wholly owned subsidiary, SEMCO Manufacturing, Inc. has completed the Hard Rock Cafe floor logo project in Las Vegas, Nevada. The project generated an estimated $20,000 in revenues for the Company. The Hard Rock Cafe's new logo was treated with SEMCO's Pre-Stain System, X-Bond System, and Xtra Gloss System. SEMCO's unique Pre-Stain System is a chemical bonding compound that provides rich, lasting color on concrete and X-Bond surfaces. The X-Bond System is surface and finishing system offering the ultimate in durable, environmentally responsible creative design capability. The Xtra Gloss System is finishing system that provides a protective barrier which preserves color, adds strength and increases durability.
The Hard Rock Hotel and Casino is a hotel-casino located in Las Vegas, Nevada. The property has a 650 room hotel and 30,000ft(2)casino. Hard Rock Cafe is a chain of casual dining restaurants. It was founded in 1971 by Isaac Tigrett and Peter Morton, and their first Hard Rock Cafe opened near Hyde Park Corner in London, in a former Rolls Royce car dealership showroom, where in 1979 they began to cover the walls with rock 'n' roll ephemera.
"We are very pleased to have completed the Hard Rock Cafe project. We were able to use SEMCO's innovative products that can be seen by millions of people that visit the Hard Rock Cafe," stated Jim Turek, CEO and President of Plasticon International, Inc.
For more information about SEMCO Manufacturing, please visit www.semcomfg.com.
About Plasticon International, Inc. Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, 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.
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. THESE FORWARD-LOOKING STATEMENTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, OUR COMPARATIVELY LIMITED FINANCIAL RESOURCES, AND OTHER FACTORS THAT MAY ADVERSELY IMPACT US. THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE SUCH STATEMENTS TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.
Wow!! Wonder if they will distribute that $20,000 as a dividend?
Posted by Spartans on :
Rumor has it PLNI is close to releasing the NOBO short numbers and they are HUGE along with the 10Q first quarter with the debt forgiveness and nice profits...I'm curious to see what the heck the delay has been about...I've been expecting this for at least a month...Watch the MM's close on the L2's for a signal...GLTA
Posted by IMAKEMONEY on :
Plasticon International, Inc.'s Wholly Owned Subsidiary, Pro Mold,Inc. Adds Additional Warehouse Space
Nov 30, 2006 09:19:50 (ET)
LEXINGTON, KY, Nov 30, 2006 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) announced today that the Company's wholly owned subsidiary, Pro Mold has recently leased an additional 15,000 sq. ft. warehouse. The new warehouse is located within a mile of the Company's manufacturing facility in St. Louis, MO. The warehouse contains Pro Mold's inventory that is valued at approximately $360,000.
Pro Mold leased the new warehouse due to an increase in production capacity. The warehouse has multiple shipping docks that can facilitate 53 foot trailers. The inventory stored in the new warehouse will include Pro Mold's rebar slab bolsters and the new Pac Chair 111. The rebar slab bolsters are manufactured from recycled plastic resin at the Pro Mold facility. The unique coupling system allows for rebar supports to be snapped together rapidly while adding extra stability and strength. The new Pac Chair 111 adds two additional rebars to the X-Chair and are stackable for easy storage and handling. All of the products in the new warehouse are packaged and ready for immediate shipping.
"The additional warehouse will allow Pro Mold to continue manufacturing their rebar supports and chairs now that the Company has the space to store the products before they are shipped. Purchase orders will be filled and shipped at a more expedient pace now that the Company has the additional storage for Pro Mold's products," stated Jim Turek, CEO and President of Plasticon International, Inc.
Pro Mold, Inc. is a custom plastic injection molder of thermoplastic materials, operating seven modern presses in a thirty thousand square foot facility in St. Louis County, MO.
About Plasticon International, Inc. Plasticon International ( www.plasticonintl.com ) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, 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.
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. THESE FORWARD-LOOKING STATEMENTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, OUR COMPARATIVELY LIMITED FINANCIAL RESOURCES, AND OTHER FACTORS THAT MAY ADVERSELY IMPACT US. THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE SUCH STATEMENTS TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.
Contact: For more information: Investor Relations 1-866-THE-APPL(E)
So the value of inventory in the original warehouse is $360,000. I wonder how often a year the inventory turns over...Usually you want it turned at the very least once a month...During the slow seasons it's less and the busy season it's more...Be nice to know what the inventory will be after the additional square footage...
Posted by ed19363 on :
Doesnt matter what the inventory is. What matters is the SALES numbers. Inventory doesnt earn a penny sitting in a warehouse. Actually it's a liability because you have to pay for the storage.
Posted by GVMOORE on :
Hopefully in the spring a rebar will sell and pps will get back to .0010 after the big announcement. For now it's store that inventory. If you don't have it you can't sell it. Merry Christmas. Holy moly red is in.
Posted by mbmaid on :
VOLUME ALERT
Posted by Spartans on :
Huge volume the last two days...The MM's are clearing shorts IMO...Looks like something may be released soon...Lets see what Monday brings...Up 15% today and the charts are turning...
quote:Originally posted by mbmaid: VOLUME ALERT
Posted by Murnak on :
Amazing volume lately????
Dr. Byrne's Naked Short Selling/Fail To Deliver Slideshows
Dr. Byrne, CEO of Overstock.com, has created a slideshow series that explains in no uncertain terms everything you would ever need to know about naked short selling, and the systemic risk it presents to the US equities markets. The "Dark Side Of The Looking Glass" slideshow represents the first time the entire problem has been articulated in an easy to follow slideshow format, narrated by Byrne himself. Well worth the time to listen to.
The series is located at the Businessjive website (a great site and well worth visiting for other reasons):
anything you're waiting for that should spike this baby up?
Posted by Murnak on :
Plasticon International, Inc.'s Wholly Owned Subsidiary, Pro Mold, Inc., Implements Cost Reduction Program Tuesday December 5, 9:24 am ET
LEXINGTON, KY--(MARKET WIRE)--Dec 5, 2006 -- Plasticon International, Inc. (Other OTC:PLNI.PK - News) announced today that the Company's wholly owned subsidiary, Pro Mold has implemented a cost reduction program set in place by the management team at Pro Mold. The cost reduction plan may result in anticipated annual savings of approximately $500,000 a year under current projections.
The Company is currently planning to focus the cost reduction program on reducing labor and re-aligning production schedules. The management team will also focus on the introduction of lean manufacturing principles and techniques and the implementation of a 5S program. Lean manufacturing can improve material handling, inventory, quality, scheduling, personnel and customer satisfaction.
"This is another step toward enhancing Plasticon International, Inc.'s performance. We plan to continue to maximize efficiency at every opportunity. By implementing this program, we anticipate that quality will improve and production time and costs may be reduced," stated Jim Turek, CEO and President of Plasticon International, Inc.
Plasticon International, Inc. recently announced that the Company's wholly owned subsidiary, Pro Mold has recently leased an additional 15,000 sq. ft. warehouse. The new warehouse is located within a mile of the Company's manufacturing facility in St. Louis, MO. The warehouse contains Pro Mold's inventory that is valued at approximately $360,000.
Posted by ed19363 on :
quote:Originally posted by Acer911: anything you're waiting for that should spike this baby up?
NO
Posted by Chopper on :
Actually waiting on a bunch of things to happen Acer.
Some of which are: the 2006 SOX audits for the first 3 Q's would be a good start. Getting the company on a consistant time line would be a huge accomplishment. The small contract pr's and company updates are a good sign that Plasticon is finally revenue generating. Same story as most pinks. Expanding rapidly, never having enough money to go around and to darn slow on the audits.
The chart shows the money flow has finally turned around and it appears the stock is back to the accumulation phase. Each time that has happened in the last 2 years there has been a pretty significant pop in the pps. Only the good Lord knows for sure and where it may go if it does move. Time shall tell. All these Pinks are a lotto play. Never invest any money you can't afford to lose and do your own DD. GLTY
quote:Originally posted by Acer911: anything you're waiting for that should spike this baby up?
Posted by IMAKEMONEY on :
Plasticon International, Inc. Wholly Owned Subsidiary, Pro Mold,Inc., Explores $7.52 Billion Injection Mold Industry
Dec 7, 2006 09:04:37 (ET)
LEXINGTON, KY, Dec 07, 2006 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) announced today that representatives of the Company's wholly owned subsidiary, Pro Mold, Inc., have recently visited injection mold facilities in the Peoples Republic of China. This visit is part of Pro Mold's continuing efforts to offer products that are competitively priced and produced with a shorter production cycle in an effort to provide superior service to customers.
The Company believes that sales revenue in the die and injection mold industry has been expanding at an average annual rate of some 20 percent in recent years in China. The country grossed about 7.52 billion U.S. dollars in domestic sales of die and injection molds last year, up some 25 percent from a year ago. Customs statistics also show that China exported 740 million U.S. dollars worth of die and injection mold products last year, comparing 490 million U.S. dollars in 2004.
"We believe that to maintain and increase business, we need to be able to provide injection mold solutions off-shore. China's technical ability has improved, while short production lead times, allow products to enter the marketplace in a very short time span," stated Jim Turek, CEO and President of Plasticon International, Inc.
Plasticon International, Inc. recently announced that the Company's wholly owned subsidiary, Pro Mold has implemented a cost reduction program set in place by the management team at Pro Mold. The cost reduction plan may result in anticipated annual savings of approximately $500,000 a year under current projections.
About Plasticon International, Inc. Plasticon International ( www.plasticonintl.com ) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, 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.
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. THESE FORWARD-LOOKING STATEMENTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT PRO MOLD WILL ACCOMPLISH ITS OBJECTIVES OR THAT SUCH PREDICTIONS WILL PROVE CORRECT. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, OUR COMPARATIVELY LIMITED FINANCIAL RESOURCES, AND OTHER FACTORS THAT MAY ADVERSELY IMPACT US. THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE SUCH STATEMENTS TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.
Contact: For more information: Investor Relations 1-866-THE-APPL(E)
Thanks for posting the News IMAKEMONEY.
Posted by IMAKEMONEY on :
YOU GOT IT.READS GOOD.
Posted by ed19363 on :
This makes sense. They still have to address the short problem and get things rolling.
Posted by Chopper on :
Press Release Source: Plasticon International Inc.
Plasticon International, Inc. Negotiating With Multiple National Distributors to Meet Increased Demand for Products Tuesday December 12, 9:27 am ET
Pro Mold Reports Backlog of Orders in Excess of $960,000 Through January 2007
LEXINGTON, KY--(MARKET WIRE)--Dec 12, 2006 -- Plasticon International, Inc. (Other OTC:PLNI.PK - News) is pleased to announce that its subsidiary companies, Pro Mold and SEMCO, have reported their largest order backlogs in the history of either company. Pro Mold's current order backlog is in excess of $960,000 through January 2007. Plasticon International is currently conducting negotiations with several national distributors to support the increased demand for the Company's products. Due to the inability of BlueLinx to meet sales and distribution quotas as agreed upon in their exclusive agreement, Plasticon International has elected to exercise its arbitration rights to seek compensation.
"As we approach the close of 2006, our future has never been brighter. Our companies have achieved record setting order backlogs and we're beginning to receive initial offers from several national distributors. These initial offers are already expected to exceed those that we received from BlueLinx over the entirety of our three-year relationship. We are very excited about a new year and an exciting future for Plasticon and our shareholders," stated Jim Turek, CEO and President of Plasticon International, Inc.
Additionally, Plasticon International is preparing for the annual World of Concrete Expo being held in Las Vegas, Nevada January 23 through January 26, 2006. The Company is planning on displaying its environmentally friendly products in its own booth. Plasticon International will announce more information regarding the show as it becomes available.
About Plasticon International, Inc. Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, 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.
This press release contains "forward-looking statements." Forward-looking statements are statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. These forward-looking statements are only predictions. No assurances can be given that such predictions will prove correct. Actual events or results may differ materially. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, our comparatively limited financial resources, and other factors that may adversely impact us. These or other risks could cause actual results to differ materially from the future results indicated or implied in such forward-looking statements. We undertake no obligation to update or revise such statements to reflect events, circumstances, or new information after the date of this press release or to reflect the occurrence of unanticipated or other subsequent events.
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...but from the data that I have seen it is "supposedly" only those who received the "illusive" letter from TDA directly either in the mail or email or both. ![[Eek!]](eek.gif)
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