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********** Initiates Coverage of PLNI, Identifying Naked Short Selling of Plasticon Stock Wednesday May 10, 8:35 am ET
LEXINGTON, KY--(MARKET WIRE)--May 10, 2006 -- Plasticon International, Inc. (Other OTC:PLNI.PK - News) wishes to inform its shareholders and the public that ********** has initiated coverage of Plasticon International, identifying naked short sellers of PLNI stock. According to President and CEO Jim Turek, "This is invaluable information for our shareholders and public to be aware of. As we all know, the naked short selling of stock is a serious problem in the public markets in the United States and throughout the world .Naked short selling 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, which through short selling, manipulate the price and put excessive downward pressure on the value of the stock."
Mr. Turek continued, "I would urge all shareholders and the public to go to www.**********, and to carefully read a much more detailed explanation of how naked shorting of a security works, so that you can better understand this process and discover how together we might combat this. To learn more about the 'Squeezetrigger price,' and other strategies to combat short sellers, please visit the following link on the ********** web site: http://www.**********/squeezetrigger.pdf."
-------------------- It is always darkest before it goes completely BLACK!!!
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PLNI -- Plasticon International, Inc. (PLNI) SqueezeTrigger Price Is $0.008; Approximately 794 Million Shares Shorted Since January 2005 According to ********** Research Report
CORONA DEL MARA, CA, May 10, 2006 (MARKET WIRE via COMTEX) -- WWW.********** is initiating coverage of Plasticon International, Inc. (OTC: 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.**********.[/b]
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.
About **********
WWW.********** 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. ********** 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.
********** 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 750,000,000 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 ********** 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, ********** 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 **********, based upon information believed to be reliable. The information contained herein is not guaranteed by ********** 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 $995.00 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. ********** 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. ********** 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.
********** 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 **********, 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.
By visiting ********** or using any data or services, you agree to assume full responsibility for the decisions or actions that you undertake. **********, LLC, its owner(s), operators, employees, partners, affiliates, advertisers, information providers and any other associated person or entity, shall under no circumstances be held liable to the user and/or any third party for loss or damages of any kind, including but not limited to trading losses, lost trading opportunity, direct, indirect, consequential, special, incidental, or punitive damages. As a user, you agree that any damages collected shall not exceed the amount paid to ********** and/or its owners. As a website user, you agree that any and all legal matters of any kind are to be reviewed and handled in their entirety within the State of California only. By using the services of this website, you are consenting to the terms as outlined, and forfeit all legal jurisdictions in any other State.
Past performance is not a guarantee of future outcomes. Any and all examples are hypothetical and should not be considered a guarantee or endorsement of such trading activity. ********** does not take responsibility for problems of any kind, including but not limited to issues with operations, data accuracy or completeness, contacting issues, technical issues, and timeliness. ********** places great integrity on the data collected and distributed. This information is deemed reliable, but not guaranteed. All information and data is provided "as is" without warranty or guarantee of any kind.
Please seek investment and/or trading advice, council, information or services from a securities professional. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and ********** undertakes no obligation to update such statements.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of 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.
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934, and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, management and maintaining growth, the effect of adverse publicity; litigation, compensation, and other factors which may be identified from time to time in the Company's public
announcements. Contact: Thomas Ronk, CEO WWW.********** +1-800-715-9999 Tom*********** Contact: Plasticon International, Inc.: Jim Turek President and CEO 3166 Custer Drive, Suite 101 Lexington, Kentucky 40517 web site: www.plasticonintl.com Contact Investor Relations: Jackie Fleming Ph: 866 843 2775 SOURCE: Plasticon International Inc. CONTACT: http://WWW.********** mailto:Tom*********** http://www.plasticonintl.com
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Yet again!lol **********: Plasticon International, Inc. (PLNI) SqueezeTrigger Price is $0.008. Approximately 794 million Shares Shorted Since January 2005 According To ********** Research Report
May 10, 2006 (M2 PRESSWIRE via COMTEX) -- www.**********, is initiating coverage of Plasticon International, Inc. (OTC: 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.**********.
-------------------- It is always darkest before it goes completely BLACK!!!
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IMO it is time to buy this stock. They had mentioned before, that as soon as they purchased Promold and Semsco that they would have enough revenues to jump to the AMEX. That was before they completed either acquisition. Now, after the fact, on their last release, they mentioned that they are applying for the OTCBB as soon as the 05-06 audits are completed, and subsequently making the application to the AMEX. I don't see where the "TRUST ISSUE" comes into play. You either beleive in the stock or sell. Not bashing anyone.
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sux that PLNI cannot be traded on Ameritrade. It would take too much for me to open another account with someone else. Plus I dont have the available funds to meet the minimum balance to open another account.
Guess I'll just have to stick with what I have. IF this has to reach $1 to jump to AMEX, I will still make bank. (less they split it).
-------------------- Current penny stocks owned: PLNI, VWKM, AMHD. And yet none of them are moving anywhere....
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Is there a correlation to the Ameritrade blackout and this squeeze? In other words if Ameritrade saw this coming as did the shorts, then maybe they didn't want to deal with PLNI accounts? I dunno? Does not seem practical on Ameritrade's part to disregard a shareholder based on their stock preference.
-------------------- "It's a head game...climbing a mountain that is, 20% physical:80% mental."
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TickTrader indirectly answered this question on a different post of mine. The answer would have to be no, since most if not all who hold an account with Ameritrade are retail traders, not capable of selling short. Therefore I presume Ameritrade has its own reasons. Glad I am not with them.
-------------------- "It's a head game...climbing a mountain that is, 20% physical:80% mental."
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Unless a real person comes here and admits that Ameritrade contacted them and told them to move their account because they own PLNI - well, call me an unbeliever.
Ameritrade has a reputation for being the most conservative broker around, and they have the 'time in the trenches.'
IMO - Ameritrade isn't buying for account owners because they cannot locate real shares.
IMO - Maybe threats by account holders... "If you don't let me buy PLNI, then I'll move my account!" The only thing left for Ameritrade to do is say, "Bye! See ya!"
IMO - Maybe just a last ditch effort to twist the truth.
So, make me a believer... Who was told to move their ACCOUNT because they own PLNI?
quote:Originally posted by Dagger Depot: ...ameritrade wont let me buy more shares...
I sent them an email letting them know that if I have to go through the trouble of opening a new account with another firm, that I would be closing the account with them and taking my business to the new account.
Here's their response:
We have decided not to accept opening transactions for Plasticon International (PLNI). There is no further information that we may provide you with and apologize for any inconvenience this may cause you.
Ronald A. Apex Client Services, TD AMERITRADE Division of TD AMERITRADE, Inc.
-------------------- Current penny stocks owned: PLNI, VWKM, AMHD. And yet none of them are moving anywhere....
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but I would like to buy more before they start their buy-back. I'll have to open an account with onother broker co. I'm only interested in holding one account...so I'll close this as I close all my positions.
They have not asked me to move my shares however. I'm not sure where that was mentioned at...
-------------------- Current penny stocks owned: PLNI, VWKM, AMHD. And yet none of them are moving anywhere....
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quote:Originally posted by Dagger Depot: but I would like to buy more before they start their buy-back. I'll have to open an account with onother broker co. I'm only interested in holding one account...so I'll close this as I close all my positions.
They have not asked me to move my shares however. I'm not sure where that was mentioned at...
Oh, I get what you're saying now. Still, first question to new broker should be their success at making a PLNI purchase this week.
That stuff about peeps being told to move accounts is in the Green Baron press release. The same folks that have been supporting PLNI for months now. Wonder if they have proof to back up their claim, or they are just getting used?
quote: In fact, many large, long term clients of Ameritrade were asked to move their trading accounts elsewhere will little or no explanation why.
'In fact' may mean more to me than to those using the phrase.
quote: 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."
Well....lets see them...
-------------------- Current penny stocks owned: PLNI, VWKM, AMHD. And yet none of them are moving anywhere....
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We have not filed timely annual reports to security holders as required but do intend to deliver such reports as soon as practicable and from this point forward All of our required information will be filed with the Securities and Exchange Commission (the "Commission"), including Annual Reports on Form 10-KSB, Quarterly Reports on Form 10-QSB, and Current Reports on Form 8-K. The public may read and copy any materials that are filed by us with the Commission at the Commission's Public Reference Room at 100 F Street, NE, Washington, DC 20549. The public may obtain information on the operation of the Public Reference Room by calling the Commission at 1-800-SEC-0330. The statements and reports filed by us with the Commission have been filed electronically and are available for viewing or copy on the Commission maintained Internet site that contains reports, proxy, and information statements, and other information regarding issuers that file electronically with the Commission. The Internet address for this site can be found at: http://www.sec.gov.
-------------------- It is always darkest before it goes completely BLACK!!!
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10-Q: TELCOBLUE INC Edgar Online 2:33 p.m. 05/16/2006
(EDGAR Online via COMTEX) -- Item 2. MANAGEMENT'S DISCUSSION FOR ANALAYSIS OR PLAN OF OPERATION
The following discussion and analysis should be read in conjunction with telcoBlue's financial statements and notes thereto included elsewhere in this Form 10-QSB.
Except for the historical information contained herein, the discussion in this Form 10-QSB as amended contains certain forward looking statements that involve risks and uncertainties, such as statements of telcoBlue's plans, objectives, expectations and intentions. The cautionary statements made in this Form 10-QSB should be read as being applicable to all related forward statements wherever they appear in this Form 10-QSB. telcoBlue's actual results could differ materially from those discussed here.
Other than what has been disclosed herein and in the year end report for year 2005, filed on June 9, 2005, the Company is not aware of any immediate circumstances or trends which would have a negative impact upon future sales or earnings. There have been no material fluctuations in the standard seasonal variations of the Company business. The accompanying financial statements include all adjustments, which in the opinion of management are necessary in order to make the financial statements not misleading.
Nature of Business. telcoBlue, Inc., formerly Better Call Home, Inc. ("BCH"), a development stage company, was formed in Nevada on August 2, 2002, to operate an Internet based long distance telephony network using state of the art Voice over Internet Protocol.
On August 29, 2002, BCH entered into a reorganization with Wave Power.net, Inc., an inactive public company, whereby Wave Power acquired all of the issued and outstanding shares of BCH's common stock by issuing to BCH's shareholders, pro rata, 16,000,000 shares of Wave Power common stock. At that time, Wave Power had 14,000,000 shares outstanding. The combined entity changed its name to telcoBlue, Inc. on August 29, 2002.
On January 22, 2004, telcoblue, Inc. acquired all the issued and outstanding stock of Promotional Containers Manufacturing, Inc. ("PCM"), a private Nevada company in exchange for 28,700,000 shares of telcoBlue, Inc. ("TELCO") common stock through a tax-free stock exchange, the terms and conditions set forth in an Agreement and Plan of Reorganization ("Agreement and Reorganization"). The company presently trades on the Over the Counter Bulletin Board stock exchange under the symbol, "TBLU".
The 28,700,000 shares were issued to James N. Turek, II, the son of James N. Turek, Sr., the President of telcoBlue, Inc.
GMB since its beginning in 1906 has expanded its product offerings from photomounts and other related paper packaging items to padded folios, wedding albums, baby albums, and today offers more than 2,000 products to its current clients.
The company's founder, Mr. Oliver Gross, was born in Takay, Hungary, in 1875 and came to the United States in 1889. In 1898 Mr. Gross was joined by two brothers in a company called, "The Western Photo and View Company". Touring the West and South, they would arrive into town, pitch a tent, and begin to photograph (with flash powder) the people, stores, and plants of the
community. One of their stops was Toledo, Ohio, where they decided to stay. They eventually formed the basis of Gross Manufacturing Corporation. The original business was photographic supply items. One item, which they purchased, from an eastern film, was card mounts, which were used to serve as a support for photographers' pictures. Because the supply became irregular, Mr. Gross bought some presses and started to make his own card mounts. This card mount business developed into more elaborate presentations now used by professional photographers worldwide.
In 1930, his son, Mr. Robert Gross, joined the company and through the years, ran the Photomount Manufacturing, as well as a large retail and supply business from 1948 to 1970.
In 1973 the "Nova" frame was introduced, which put the company into the plastic frame business.
The Company moved from Toledo, Ohio in 1980 to the City of El Paso, Texas, located at 6001 Threadgill Ave. This allowed the Company to remain cost competitive through reduced labor costs. In the late 1980's, Gross purchased Medick-Barrow's, one of its competitors.
In the spring of 2003, PCM acquired GMB's assets and began to update its systems and manufacturing. These changes allows us to provide digital as well as standard products while maintaining our quality.
BIOGRAPHIES
James N. (Jim) Turek, Sr., 60, is President and CEO. Jim is also President and CEO of Plasticon International, Inc, a Wyoming corporation, which presently trades on the Pink Sheet Stock Exchange under the symbol, "PLNI". Jim was previously President of International Plastics Group. Before International Plastics Group, he served as President of three major convention and travel destinations. Jim began his career as a Corporate Financial Advisor working directly for the controller of McDonnell Douglas, Corporation. Upon the successful completion of his responsibilities, he was made Director of Convention, Print, Media, Travel, and Cinema Photography for McDonnell Douglas Corp. with responsibilities for all US and International Component companies. The scope of responsibility included commercial and military aircraft, weapon systems, space (NASA), MAC electronics, holography, voice synthesizing, MAC DAC
James B. (Jim) Bonn, in-house counsel, age 73, has practiced law and accounting for over 40 years. As a lawyer and CPA, Mr. Bonn was responsible for the contracts division of the United States Navy. He spent several years in accounting and as an auditor for Peat, Marwick, Mitchell & Co. During the past ten years, Mr. Bonn has been in private practice specializing in corporate tax and related legal matters.
I. CAPITAL RESOURCES AND LIQUIDITY
During the quarter ended March 31, 2006, there were no issuances of the Company's common stock.
II. RESULTS OF OPERATIONS
The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. However, the Company has incurred a net loss of $47,449 for the three
month period ended March 31, 2006, or, ($0.00) per share (basic and diluted) on no revenues compared to a loss of ($56,830) for the first quarter ended March 31, 2005. The loss in the first quarter of 2006 can be contributed to the fact the Company had no revenues yet still had administrative expenses. During the period ended March 31, 2006, the Company has used cash in the amount of $138,930 in its operating activities as opposed to $56,830. The total liabilities and stockholder's deficit for the quarter ended March 31, 2006 was ($208,839) as opposed to ($220,652). These conditions raise substantial doubt about the Company's ability to continue as a going concern.
The Company has devoted no efforts in the further development and marketing of products since the first of this year. The Company's ability to continue as a going concern is dependent upon (i) raising additional capital to fund operations (ii) the further development of its products and, (iii) ultimately the achievement of profitable operations. Management is currently contemplating several additional financing sources to fund operations until profitability can be achieved. However, there can be no assurance that additional financing can be obtained on conditions considered by management to be reasonable and appropriate, if at all. The financial statements do not include any adjustments that might arise as a result of this uncertainty.
The Company is uncertain whether current financing commitments will provide enough working capital to fund operations until profitability is achieved, and may have to pursue additional financing sources during the current year. The financial statements do not include any adjustments that might arise as a result of this uncertainty.
During the first quarter ended March 31, 2006, the Company's common stock was thinly traded and often under $.01. One may construe this as a cautionary indication of the Company's ability to continue as a going concern. During the first quarter ended March 31, 2006, and since, the Company has sought viable merger and/or acquisition candidates.
The Company has been in on-going discussions regarding the acquisition of ATG Sports Industries, Inc. but no formal letter of intent has been executed to date, and the discussions are on-going.
III. RELATED PARTY TRANSACTIONS
During the period ended March 31, 2006, the Company has used cash in the amount of $138,930 in its operating activities. An advance of $80,000 was made to the company by LexReal, LLC, a Kentucky formed LLC, of which James N. Turek, the President of telcoBlue, Inc., is the Operating Manager. On March 31, 2006, Mr. Turek forgave the aforementioned $80,000 advance to telcoBlue, Inc.
May 16, 2006
(c) 1995-2006 Cybernet Data Systems, Inc. All Rights Reserved
-------------------- It is always darkest before it goes completely BLACK!!!
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quote:Originally posted by Interesting: Does this company have a branch in Wyoming? I thought I read it somewhere but could not find it.
Plasticon is formed as a corporation through the state of Wyoming. It was formerly corporated via the state of Delaware but in order to keep the name Plasticon it had to change to Wyoming (not necessarily had to be Wyoming, just not Delaware). There are no "branches" there however. Many companies do this (especially through the state of Delaware) in order to become a corportion.
-------------------- "It's a head game...climbing a mountain that is, 20% physical:80% mental."
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