I'm curious about what impact this part of G B s report might have ..... 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.
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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quote:Originally posted by BooDog: 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.
Keeping in the thread....good luck
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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Seems there are some on RB who can't understand why there are no IM machines in the Schedule A listing of hardware. If they really understood M&A there would be no question. Here is my take on the situation...
Pro Mold owned ten IM machines as Plant Property, the largest being a 385 Ton TOYO. Plasticon apparently purchased an additional two 500 Ton IM machines, delivered them to the ProMold facilty and integrated them into plant operations. The only capital hardware at the facility that was not easily moved Plant Property were the building chill water systems/piping, and plastic resin silos, handing systems and support hardware listed on Schedule A(non-Real Estate Assets). To consolidate the Pro Mold purchase, the 10315 LLC was created with the only member being John Murphy. The Schedule A hardware was allocated to the 10315 LLC, as well as the manufacturing facility building. Plasticon acquired all of the outstanding common stock of Pro Mold (which includes all plant property and inventory) from the Trust and the Schedule A hardware owned by the LLC in exchange for the payment of $3,500,000. The ownership of the manufacturing facility building still belongs to 10315 LLC. Plasticon leases the facility through April 2007, and is therefore, not rigidly tied to the facility or fiscally responsible for building maintenance, anticipating rapid growth and expansion requirements in the next 3-5 years.
By investigating the Missouri SOS UCC filings and looking at the 14 July 06 visit photos you can easily determine that Pro Mold has twelve (12) injection molding machines in addition to other hardware currently in operation. Here is a listing:
Currently, three of the eight TOYO's (#10,11,&12) are labeled as dedicated resources for BlueLinx. That usage was confirmed during the 14 July 06 site visit by a long time shareholder. The photos of that visit are available at this link.
posted
Readers are strongly urged to read all audited financials available and to inspect the outstanding share count. This company, I am surprised it has no filed for Chapter 11 Bankruptcy protection.
This is a well known pump and dump stock. Those experienced in trading stocks have and are warning people to stay away from this stock.
Do your research, discover the truth about this stock. This one is very bad choice for trading.
Debate my opinion, please. Prove me wrong. Nothing more I would enjoy than to be wrong. You best do this with factual verifiable information. If you harass me, I will do all I can to have you removed from Allstocks. I will not tolerate any of you harassing me.
My expectation is you will provide an opinion why this stock will move up to a penny per share and you will provide factual information which supports your opinion.
If not, I will advise readers to ignore your remarks as pure pump and dump deceit. Actually, I am advising readers to ignore you.
This stock is one of the oldest pump and dump crap stocks in recent discussion board history.
Readers are urged to perform very good research. I will not spoon feed you on this one. However, if you, in the future, complain about losing money, I will most certainly write,
"I told you so."
Should you discover information which proves me wrong, I expect you to share that data.
my opinion plan and simple, just as yours was stated earlier. It was a penny it will be a penny.
Posts: 221 | From: michigan | Registered: Jun 2005
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No. Readers expect to read factual information and expect to find documentation supporting that factual information.
In the case of speculation, factual information is also expected, again, supported by documentation.
Readers expect a balanced viewpoint which highlights both negative points and positive points along with a logical and well reasoned discussion of topic.
quote:Originally posted by Purl Gurl:"..Those experienced in trading ( aka: Day-Flipping ) stocks have and are warning people to stay away from this stock.." Purl Gurl
Perhaps those people's time would be better spent Hillary-coaching the "..poor, ignorant, misguided and helpless newbies.." (..or maybe the correct term is 'chilluns'..) and sputtering afficionados of totally bogus whizbangs like QBID, MLON, VWKM, CMKX flim-flams that have no business operations of merit at all, or nothing to offer other than deviant, Hollyweird, warped-sex programming or 'salted' areas of desert in the greater Southwest..?!?
It's always funny to find that the detractors of small firms and subsequent babysitters-of-the-Internet only have old filings to shuffle, while they belly-ache about a small start-up company's balance sheet that doesn't look like Procter & Gamble's or IBM's. Yet none of these same Guru's have ever been to Louisville, St. Louis, or Las Vegas to see truckloads of the company's products leaving to their client's warehouses on a regular basis nor have they seen the results of the company's contruction work out West.
An acute case of 'AIPS', ( Acquired Irritated Pinworm Syndrome ) seems to get a lot of people's snoots so out of joint that they feel compelled to take out their vitriol on any target they have been pointed at. Of course, the known associates of that recently convicted WWW Short-n'-Bash stock crook who is serving 20+ years in upstate New York have always been very effective at that game. Networking at it's very best, it would seem...
It certainly is amazing that a huge firm like Koch Industries (..whose priciples personally know the CEO of Plasticon..), that purchased Gerogia-Pacific which subsequently owns the Bluelinks worldwide construction products distribution company, would sign an exclusive contract with and/or do business with a company that purportedly has no value and no hope of success.
At merely $0.002-per-pull on the arm on the great pennystock slot machine, and a CPA certified audit due within about 10 days, gambling a bit of one's personal Casino Money on Plasticon would seem to be potentially much more profitable venture than volunteering to lick stamps for one of Slick Willy's left-overs.
quote:Originally posted by glassman: PLNI has too many shares...
Now, I just wonder............
What would happen if a lot of those shares were designated as Preferred Shares. Subsequently, if those Preferred Shares - with say a 1-year Restriction - were offered to stockholders as a Buy-Back incentive, such that you got say 1.25+/- Preferred Shares in exchange for your existing Common Shares..!?!
"..Holy advantageous Long-Term investments, Batman..", that means if you turned in 2MM old Common Shares that you already have (..or could buy for 0.002 currently..) then you would get 2.5MM+/- Preferred Shares in exchange (..also receiving any dividends..) and those might be worth over 0.004+ a year from now. That would tend to reduce the company's Outstanding Shares in the process, seems to me. "..HMmmmmmmmmmm..... Double your money, plus get a 500K kicker in the process ( plus any dividends that come along ). That doesn't sound too shabby, now, ..does it..!?!
It's amazing that the detractors never seem to be aware of these Buy-Back or other share-reduction plans, and/or how 'conveniently' they manage to 'forget' them. They certainly never mention these possibilities in any of their WWW stock system-to-stock system Bash tirades..!!! Perhaps it doesn't suit their purposes to do so. You think..?!? Of course, it certainly wouldn't help "..their cause..", in regard to covering Shorts and Naked Shorts, to see PLNI's price per share go up. To have PLNI start doing Buy-Backs or other stock retirements wouldn't be good News for them, either, ...now would it..!?!
I think this could be a fun month..!!! Being somewhat of an Starry-eyed Optimist, it's entertaining to imagine, "..what if the Bashers have it 100% wrong..", .......again.
posted
"...takes alot of juice to move a billion shares."
I have not looked at the share count for this crap stock in a very long time. Last I looked and check me on this, the outstanding share count is around two-billion or three-billion shares supporting about sixty-million or seventy-million dollars in losses.
another 7.3 billion that will be issued upon conversion of preferred owned by Turek
and the losses?
about $110 million during 2004 to first quarter of 2006 now...
quote:Originally posted by Purl Gurl: "...takes alot of juice to move a billion shares."
I have not looked at the share count for this crap stock in a very long time. Last I looked and check me on this, the outstanding share count is around two-billion or three-billion shares supporting about sixty-million or seventy-million dollars in losses.
Just one problem. Most of the PLNI common shares are in the hands of day traders...
how many of these do you think would exchange freely trading common stock for restricted preferred stock that can't be sold for at least a year, especially with an individual by the name of Turek at CEO?
quote:Originally posted by YellowSubmarine:
quote:Originally posted by glassman: PLNI has too many shares...
Now, I just wonder............
What would happen if a lot of those shares were designated as Preferred Shares. Subsequently, if those Preferred Shares - with say a 1-year Restriction - were offered to stockholders as a Buy-Back incentive, such that you got say 1.25+/- Preferred Shares in exchange for your existing Common Shares..!?!
"..Holy advantageous Long-Term investments, Batman..", that means if you turned in 2MM old Common Shares that you already have (..or could buy for 0.002 currently..) then you would get 2.5MM+/- Preferred Shares in exchange (..also receiving any dividends..) and those might be worth over 0.004+ a year from now. That would tend to reduce the company's Outstanding Shares in the process, seems to me. "..HMmmmmmmmmmm..... Double your money, plus get a 500K kicker in the process ( plus any dividends that come along ). That doesn't sound too shabby, now, ..does it..!?!
It's amazing that the detractors never seem to be aware of these Buy-Back or other share-reduction plans, and/or how 'conveniently' they manage to 'forget' them. They certainly never mention these possibilities in any of their WWW stock system-to-stock system Bash tirades..!!! Perhaps it doesn't suit their purposes to do so. You think..?!? Of course, it certainly wouldn't help "..their cause..", in regard to covering Shorts and Naked Shorts, to see PLNI's price per share go up. To have PLNI start doing Buy-Backs or other stock retirements wouldn't be good News for them, either, ...now would it..!?!
I think this could be a fun month..!!! Being somewhat of an Starry-eyed Optimist, it's entertaining to imagine, "..what if the Bashers have it 100% wrong..", .......again.
Speaking of balance sheets, weren't you the one that was posting that PLNI was debt free, when in reality, it was carrying millions upon millions of dollars of debt?
do you not think that PLNI's balance sheet showing millions of dollars of liabilities is important in order to review a potenial investment in the PLNI stock?
quote:Originally posted by YellowSubmarine:
quote:Originally posted by Purl Gurl:"..Those experienced in trading ( aka: Day-Flipping ) stocks have and are warning people to stay away from this stock.." Purl Gurl
Perhaps those people's time would be better spent Hillary-coaching the "..poor, ignorant, misguided and helpless newbies.." (..or maybe the correct term is 'chilluns'..) and sputtering afficionados of totally bogus whizbangs like QBID, MLON, VWKM, CMKX flim-flams that have no business operations of merit at all, or nothing to offer other than deviant, Hollyweird, warped-sex programming or 'salted' areas of desert in the greater Southwest..?!?
It's always funny to find that the detractors of small firms and subsequent babysitters-of-the-Internet only have old filings to shuffle, while they belly-ache about a small start-up company's balance sheet that doesn't look like Procter & Gamble's or IBM's. Yet none of these same Guru's have ever been to Louisville, St. Louis, or Las Vegas to see truckloads of the company's products leaving to their client's warehouses on a regular basis nor have they seen the results of the company's contruction work out West.
An acute case of 'AIPS', ( Acquired Irritated Pinworm Syndrome ) seems to get a lot of people's snoots so out of joint that they feel compelled to take out their vitriol on any target they have been pointed at. Of course, the known associates of that recently convicted WWW Short-n'-Bash stock crook who is serving 20+ years in upstate New York have always been very effective at that game. Networking at it's very best, it would seem...
It certainly is amazing that a huge firm like Koch Industries (..whose priciples personally know the CEO of Plasticon..), that purchased Gerogia-Pacific which subsequently owns the Bluelinks worldwide construction products distribution company, would sign an exclusive contract with and/or do business with a company that purportedly has no value and no hope of success.
At merely $0.002-per-pull on the arm on the great pennystock slot machine, and a CPA certified audit due within about 10 days, gambling a bit of one's personal Casino Money on Plasticon would seem to be potentially much more profitable venture than volunteering to lick stamps for one of Slick Willy's left-overs.
posted
i don't know jhollen personally, but you are a fool if you bought on his recommendation alone. Are you a fool?
PG...
i don't play the games you seem to want to play. Pink sheets usually are very high specualtion. If you want to call PLNI crap you are obviously entitled to your opinion.
Most PS stocks don't even get to the product development stage, let alone the filing of financials.
PLNI not only has a product but sells it in "bunches" to the premier construction material distributor Bluelinx....
oops...guess i started playing your game....my bad.
sorry i didn't respond earlier....i was enjoying my family......saw a good baseball game....ate a couple of hotdogs....
you know...i get out to enjoy life, and don't feel compelled to sit by my computer all day every day. Well maybe you don't know.
Posts: 221 | From: michigan | Registered: Jun 2005
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posted
this thread would be at home on SI's PLNI pro basher board. I heard at the end of the trading day they sing songs, make s'mores, and stick pins in Jim Turek ...(i mean the man of plastic) dolls.
Does anyone have any nice things to say about PLNI??
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