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if you can't get in here it is: As a graduate of the Guapo Cynical Investors Institute, I made some Due Diligence phone calls today to BlueLinx, and actually got a return call from a gentleman who handles their Eastern concrete products division.
I asked him point-blank if PLNI is actually selling products through them, and he confirmed they are and rattled off the various warehouse locations across the country where PLNI products are shipped from. He went on to say that they have had an affiliation with them for the past 3 years. This is when BlueLinx was part of Georgia Pacific and PLNI was Wicklund Holdings. PLNI has been selling their plastic recyled products for at least that long with this large, national distributor.
I then asked him if they are actually filling orders for PLNI products and he emphatically stated they are.
Snipped from the BlueLinx web site:
Reliable distribution As the largest building products distributor in the industry, BlueLinx is positioned to deliver on our promise. Headquartered in Atlanta, with over 3,300 employees, BlueLinx operates in all of the major metropolitan areas of the United States through our network of 63 warehouses and many third-party operated warehouses.
Over 900 trucks deliver to more than 11,700 customers, including building material dealers, industrial manufacturers, modular and manufactured housing producers and home improvement retailers. We also offer a growing selection of distribution services that use our transportation assets and facilities. A sophisticated logistics network ensures that our customers can count on us for reliable, efficient deliveries.
BlueLinx trades on the NYSE and is at $9.81 this morning.
This is causing me to look at PLNI in a different light. I will still wait until the audit is complete and they are off the Pinks before buying more. In the meantime, I will swing-trade it.
Based on this verification of their product sales on a national basis through a major distributor (not even counting R&S Manufacturing), I have more confidence that they will actually complete the audit sometime in the near future. It just wouldn't make sense that a Pink Sheet penny stock company would be in the game with the big boys.
I am still waiting on return info from R&S Manufacturing and Pro Mold. If I get anything further, I will post the DD results.
GLTA,
Bob
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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G job Murnak...its appreicated. Im thinkin there must be some meat and potatoes coming this week due to them dropping it so heavy, as if they havent done this before right??
Posts: 952 | From: OH | Registered: Apr 2005
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Gree n Baron.... To recap in short, we have suggested four Trader’s Corner stock plays to date. CMDA and ASRNF both had moves of about 50% within the time frame. APPA and IMJX held relatively steady for break even.
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Jim Turek, CEO of Plasticon Intl. says his company’s recycled plastic products are stronger than comparable steel products Environmently-Friendly Company Transforms an Industry
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Murnak...just thought I would say hey...didnt want ya here all by yourself!!
I think its been too quiet too long, no more fluffs next week I hope. If I was a betting man I would have to say that with all the BS 5k share trades the last 2 days we are getting ready to launch into the 3's......they have done a slow steady walk down and just when it looks like we are in trouble "BAM, they KICK IT UP A NOTCH"!!!
I would SO LOVE to have played the big swings over and over but I know just as sure as I do its leaving the station with out me. Oh well all we can do is play the little swings and pick up when its a buy and I try to add a little bit everytime it gets into the 14's. I sure hope they produce SOMETHING good next week cause theres a few more deadlines they are getting ready to miss. Any way have a good weekend and c ya next week and next year hopefully we are saying "Booya Jim, what do u think about PLNI, and he hits the magic button (hallalooya)!!!
Posts: 952 | From: OH | Registered: Apr 2005
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Plasticon Receives Patent Confirmation for PAC Chair III -- Plasticon's Patents Now Valued at $20 Million
LEXINGTON, Ky., Sept. 12, 2005, Sep 12, 2005 (PRIMEZONE via COMTEX) -- Plasticon International Inc. (Pink Sheets:PLNI), the technology leader of the recycled plastics sector, announced today it has recently received confirmation of the company's patent for the PAC Chair III product, the latest innovation from the company. The PAC Chair III, in one product, replaces all four conventional metal rebar support products -- wire, galvanized, epoxy coated, and stainless steel. "Our industry first PAC Chair III includes the mesh market and the on-grade market with a single product that is both stackable and self-contained with a sand plate, allowing for 3 heights (2 rebar and one mesh)," said Jim Turek, president and CEO of Plasticon International. "This makes the PAC Chair III the most versatile individual rebar support on the market today."
Sales of the PAC Chair III will be made through Plasticon's exclusive domestic distributor, the largest building materials distribution company in the U.S. with 63 strategically located warehouses nationwide.
"Because the PAC Chair III products are stackable, they are much more convenient for workers in the field," Mr. Turek said. He continued to state that, "Metal rebar supports are not stackable, making it difficult to carry more than 32 at a time in a large box. However, the PAC Chair III is stackable, allowing a worker to carry up to 225 individual supports in that same size box. This product gives the construction industry a tremendous opportunity to increase efficiency and productivity. The PAC Chair III also reduces shipping costs. We are pleased that the demand is so high for our newest product offering, and we believe that the clear advantages this product offers will continue to drive sales."
The PAC Chair III is the most recent patent that the company has received. According to an independent appraiser and the federal courts, Plasticon's recycled plastic product patents are valued at $20 million. Additionally, since the inception of the company, Plasticon has built an inventory of injection molds that the company owns outright, which are presently valued at over $10 million.
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.
Note for Plasticon Customers:
To reach BLUELINX, direct customer service line, Eastern Division, please call (800) 839-2588. Please ask for Michael Thornton (ext. 35547) or Thomas Fowler (ext. 35562). To reach the Western Division of BLUELINX, please call (800) 830-7370. Please ask for Mark Gariepy (ext. 66069). A map of the eastern and western divisions of the U.S. for BLUELINX Distribution can be seen on the BlueLinx Corporation website at http://www.bluelinxco.com/ourProducts/ContactInfo.asp or on the Plasticon International web site at http://www.plasticonintl.com/distributormap.htm.
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.
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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would not expect this to storm the market, but as word gets out...contractors immediately grasp the benefit of one-worker efficiencies...
Think of it this way: You've 12 guys hired to make this slab happen. Every step you eliminate is money in your pocket...
quote:Originally posted by Pagan: Plasticon Receives Patent Confirmation for PAC Chair III -- Plasticon's Patents Now Valued at $20 Million
LEXINGTON, Ky., Sept. 12, 2005, Sep 12, 2005 (PRIMEZONE via COMTEX) -- Plasticon International Inc. (Pink Sheets:PLNI), the technology leader of the recycled plastics sector, announced today it has recently received confirmation of the company's patent for the PAC Chair III product, the latest innovation from the company. The PAC Chair III, in one product, replaces all four conventional metal rebar support products -- wire, galvanized, epoxy coated, and stainless steel. "Our industry first PAC Chair III includes the mesh market and the on-grade market with a single product that is both stackable and self-contained with a sand plate, allowing for 3 heights (2 rebar and one mesh)," said Jim Turek, president and CEO of Plasticon International. "This makes the PAC Chair III the most versatile individual rebar support on the market today."
Sales of the PAC Chair III will be made through Plasticon's exclusive domestic distributor, the largest building materials distribution company in the U.S. with 63 strategically located warehouses nationwide.
"Because the PAC Chair III products are stackable, they are much more convenient for workers in the field," Mr. Turek said. He continued to state that, "Metal rebar supports are not stackable, making it difficult to carry more than 32 at a time in a large box. However, the PAC Chair III is stackable, allowing a worker to carry up to 225 individual supports in that same size box. This product gives the construction industry a tremendous opportunity to increase efficiency and productivity. The PAC Chair III also reduces shipping costs. We are pleased that the demand is so high for our newest product offering, and we believe that the clear advantages this product offers will continue to drive sales."
The PAC Chair III is the most recent patent that the company has received. According to an independent appraiser and the federal courts, Plasticon's recycled plastic product patents are valued at $20 million. Additionally, since the inception of the company, Plasticon has built an inventory of injection molds that the company owns outright, which are presently valued at over $10 million.
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.
Note for Plasticon Customers:
To reach BLUELINX, direct customer service line, Eastern Division, please call (800) 839-2588. Please ask for Michael Thornton (ext. 35547) or Thomas Fowler (ext. 35562). To reach the Western Division of BLUELINX, please call (800) 830-7370. Please ask for Mark Gariepy (ext. 66069). A map of the eastern and western divisions of the U.S. for BLUELINX Distribution can be seen on the BlueLinx Corporation website at http://www.bluelinxco.com/ourProducts/ContactInfo.asp or on the Plasticon International web site at http://www.plasticonintl.com/distributormap.htm.
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.
I don't post information much, here or anywhere, because it is usually misused and misunderstood. If this happens herre, I will not post anymore. I talked to Matt today. The audited financials will be out in the next two to seven days for the present year. The audit for the last three years will be out in 2-3 weeks. They are going back for all companies concerned three years to exceed the NASD requirement of two years. This is to avoid any complications when the final audit is released, because they will submit the papers to go to the OTC at the same time the final audited numbers for the last three years are done. He stated the audit for this year is done, but not finalized. He gave me a profit description, but I will not post it here. It only opens doors for harassment. I asked what is the real delay for the audit. He stated that when you go back three years for companies that were not under the same accounting practices , the auditors want 1+1 to = 2. Especially since they (Matt) has placed such an importance that these numbers leave no room for error. They , under no circumstances want to jeopordize the OTC submission. I asked him about the 200 million share retirement. He stated that the papers are filed, accepted and done deal. The 1.8 billion O/S is after the 200 mil share buyback. I present this as maybe a clarification for some. Maybe for others it does not help. If this is used agaisnt the company, used for opportunity to bash, or mishandled in any way, I will not post again. Please keep in mind, I do not need substantiation from anyone here. I am here to hold intelligent discussion of the company and it's stock. Hopefully to contribute to everyone's ability to buy , sell or hold. It is presented as information only, no skew or opinion from me. GLY everyone, as always do your own DD.
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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This thing keeps lining up so well that its starting to scare me with the potential here.
Reminds me a whole bunch of TASR back when it was $3-4.00 and I said "yeah right nobody's gonna buy that POS plastic piece of electricity".....OOOPS
$128 pps later with 3 splits....just a measley $2million on a $2500 investment!!!!
Bluelinx was featured on Cramer and he gave it the big bull which really has nothing to do with us OTHER THAN our largest distributor might still be in business in a year!!! That says alot more than people give credit for I think.
Anyone have any idae why they didnt update the A/S numbers when they updated O/S ????? I have a theory on this and feel free to PM and I'll share
Posts: 952 | From: OH | Registered: Apr 2005
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Grapped some at .0135 on Thursday..Looks like I should have held off for Friday..doh!
Posts: 47 | From: Western New York | Registered: Mar 2005
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Plasticon International, Inc. in Final Stages of Audit for Uplisting to NASDAQ Bulletin Board (OTCBB) Monday September 19, 8:30 am ET
LEXINGTON, Ken., Sept. 19, 2005 (PRIMEZONE) -- Plasticon International Inc. (Other OTC:PLNI.PK - News) is pleased to announce that the company is now in the final stages of completing its audit, which will allow the company to uplist to the NASDAQ Bulletin Board.
In an open letter to the shareholders posted on the company's website, Plasticon President and CEO, Jim Turek stated, ``Plasticon is currently in the final stages of its audit. Though we cannot offer an exact date, based on our tireless efforts, our auditors have indicated that the Plasticon audit should be completed in the very near future. Upon completion, the company will file with the NASD to move Plasticon to the NASDAQ Bulletin Board (OTCBB). I acknowledge that this process is taking longer than we expected. However, due to the meticulous nature of audits in this day and age (Sarbanes-Oxley) the audit process has extended beyond our original projections. Let me reassure you that we are doing everything possible to complete the audit, and we are close to the end of this process. We are keenly cognizant that it is in the best interests of the company and its shareholders to complete the audit as expeditiously as possible and move Plasticon to a more transparent exchange: the NASDAQ bulletin board (OTCBB).''
Mr. Turek noted that he is excited about the prospect of moving to a higher, more transparent exchange. ``The value that moving to the OTCBB will add to the company and its shareholders can hardly be overstated. We believe that this will be an important milestone for the company and will bring us that much closer to being on the big boards (AMEX, NASDAQ Small Cap).''
About Plasticon International, Inc.
Plasticon International (http://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.
Note for Plasticon Customers: To reach BLUELINX, direct customer service line, Eastern Division, please call 800-839-2588 -- please ask for Michael Thornton (ext. 35547) or Thomas Fowler (ext. 35562). To reach the Western Division of BLUELINX please call 800-830-7370 -- please ask for Mark Gariepy (ext. 66069). A map of the Eastern and Western divisions of the U.S. for BLUELINX Distribution can be seen on the BlueLinx Corporation web site at http://www.bluelinxco.com/ourProducts/ContactInfo.asp or on the Plasticon International web site at http://www.plasticonintl.com/distributormap.htm.
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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An Open Letter to Plasticon Shareholders from President and CEO, Jim Turek Monday September 19, 9:00 am ET
LEXINGTON, Ky., Sept. 19, 2005 (PRIMEZONE) --
Dear Fellow Shareholders:
This is an exciting period in the history of Plasticon International (Other OTC:PLNI.PK - News). Our company began with a vision: to be the global leader of recycled plastic products for the construction industry. Our objectives have never wavered. We remain committed to our customers, our shareholders, our employees and, as always, to innovation.
Since the company's inception, we have been dedicated to being the most cutting-edge, environmentally progressive company in recycled plastic products, a company that strives to develop and promote products which will contribute to a cleaner and safer environment.
I am pleased to announce today that we have made great progress towards our objectives. Our distribution partnership with the largest building materials distribution company in the United States, a Fortune 500 company, continues to give Plasticon a definitive competitive advantage and puts us in a position to be profitable for years to come. Our product innovations have exceeded expectations, sales are brisk, and we recently received patent confirmations for a number of new products, such as the ``PAC Chair III''. We are encouraged that the company continues on its fast track to growth and prosperity.
There is one very important issue that I am pleased to share with you: Plasticon is currently in the final stages of its audit. Although we cannot offer an exact date, based on our tireless efforts, our auditors have indicated that the Plasticon audit should be completed in the very near future. Upon completion, the company will file with the NASD to move Plasticon to the Nasdaq Bulletin Board (OTCBB). I acknowledge that this process is taking longer than we expected. However, due to the meticulous nature of audits in this day and age (Sarbanes-Oxley) the audit process has extended beyond our original projections. Let me reassure you that we are doing everything possible to complete the audit, and we are close to the end of this process. We are keenly cognizant that it is in the best interests of the company and its shareholders to complete the audit as expeditiously as possible and move Plasticon to a more transparent exchange: the Nasdaq bulletin board (OTCBB).
The management team and employees of Plasticon International are also shareholders like you. We are fully committed to aggressively growing the company and executing our business plan, which we believe will be reflected in the share value.
We are excited about Plasticon's future prospects and opportunities. I look forward to sharing future developments with you as they progress. Once again, thank you for your continued support.
Sincerely, Jim Turek President and CEO Plasticon International, Inc. September 19, 2005
Posts: 147 | From: Weston, FL | Registered: Jun 2005
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Tonight at 8:00 pm EST, our Editor in Chief of The Green Baron Report and the President of Evergreen Marketing, Inc. will discuss our May Focus Stock Plasticon International (PLNI) in greater detail at www.machcobra.com. There is no cost to register, but you may need to download the latest version of Flash Player that is available as a link on the new registration page. Also, in order to ask questions, you will need an internet based microphone.
We have invited Plasticon’s lead consultant, Bill Howe, to participate on the chat. He has agreed to join, and says this is the most exciting time in Plasticon’s history to be involved. If you have ever even thought about buying PLNI stock, this is a discussion you will not want to miss. For those that can not listen in, please read our update on PLNI below and we think you will begin to understand why we believe PLNI is ready to rock.
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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Murn...does the above site come up for you?
Its not loading for me and would love to listen in on Howe's dance and see how many different answers he comes up with. I have been told 3 different things from him on one subject and then something way differnt from Turek. Guess thats why they hired someone to be the mouthpiece huh?
BTW...have you ever asked or read info on how long BAC's shares stay in escrow before they can sell them or is it when the contract ends?
The Green Baron Report is officially calling the shot on PLNI right now. We know we put out a Trader’s Corner update on PLNI about two weeks ago with the stock trading at about .014 per share and we were a little early to the party. Instead of picking a new penny stock pick for our members as we had hoped for the month of September, we are making Plasticon Intl (PLNI) our penny pick at today’s close of .0118 per share.
Since Plasticon was already selected back in May for our home page, we are not going to add it again. We will not only track results of Plasticon from the date of our Trader’s Corner pick from a few weeks ago, but we will also specifically track data from yesterday’s closing price of .0118 per share.
We expect a tremendous amount of activity to enter PLNI for the balance of the year, and very likely over the next 30 days. We firmly believe that the stock has a great chance to finally break out over resistance of .02 per share based on several fundamental developments at the company. Our belief is that the Plasticon name and its story are expected to reach a very wide investment audience over the coming months.
The Green Baron Report cannot pinpoint the date that PLNI will complete its audit, but all indications point that it will be imminent. The stock is trading at the low end of its four month range, and appears to be at a perfect point for accumulation. Once again, we suggest all our members to listen to our webcast with Bill Howe, consultant for Plasticon at http://www.*************.com/CEO Webcast.htm.
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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Plasticon is Now in the Final Product Review Stage for Semco Acquisition Tuesday September 27, 8:30 am ET
LEXINGTON, Ky., Sept. 27, 2005 (PRIMEZONE) -- Plasticon International Inc. (Other OTC:PLNI.PK - News) today announced that due diligence has been completed, SEMCO's audit is finalized and reviewed, and Plasticon is now in the final product review stage of the privately financed acquisition of SEMCO, Inc.
``Our attorneys have gone to hard copies on the acquisition documents, and we are optimistic that we will come to an agreement in the very near future,'' said Jim Turek, president and CEO of Plasticon International. ``SEMCO's surfacing products combine beauty, durability, and scientific innovation in a way that we have never seen before in surfacing technology. The rich, vibrant colors of their surfacing products, combined with their unmatched durability and waterproofing properties makes this acquisition extremely attractive for Plasticon.''
SEMCO, based in Las Vegas, Nevada since 1981, has provided their products to many of the city's most impressive showcase projects, including the world famous fountains at the Bellagio, Las Vegas's premier hotel-casino, the MGM Grand, and The Venetian Hotel Casino. Their eclectic customer base also includes high profile commercial, public, and private clientele, ranging from critical government facilities (the flooring of the Pentagon) to elementary schools, community centers, and many prominent parks and public works projects to the biosphere project, where the SEMCO team provided the materials for the creation of a lush, fully functioning, indoor rain forest. SEMCO's product line is noted for its incredible durability which is why it is used on heavily trafficed walkways, in extreme outdoor weather conditions, in chlorinated pool water, and for rugged exteriors.
Mr. Turek noted that another major advantage of SEMCO's products is that they are environmentally friendly, which fits in with Plasticon's core values and corporate mission. ``SEMCO's installation process allows the customer to apply the new X-Bond surface over any existing surface, without the hassle, cost, and potential health risks of having to remove the original. This helps eliminate potential harmful wastes, while saving time and money. Their environmentally responsible products and procedures ensure that the installation will be accomplished in the minimum amount of time possible. Because of the products' low VOC emissions, isolation of areas is minimized. The innovative X-Bond product eliminates the need for multiple products and time-consuming steps, all of which increase installation time with material handling times and set-times. We intend to move forward with the acquisition as soon as the product review stage has concluded.''
Mr. Turek added, ``It is also very important to us that SEMCO's products are approved by the AIA (American Institute of Architects). Their products represent the most advanced surfacing technology on the market today and there are incredible synergies with Plasticon's product lines. As soon as the product review phase is completed, we look forward to welcoming SEMCO to the Plasticon family.''
SEMCO distributes its products internationally and has offices in Japan, China, Singapore, and Australia.
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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LEXINGTON, Ken., Sept. 28, 2005, Sep 28, 2005 (PRIMEZONE via COMTEX) -- Plasticon International Inc. (Pink Sheets:PLNI), the technology leader of the recycled plastics sector, announced today that senior consultant Bill Howe has conducted an exclusive interview with *************.com in association with Machcobra.com so that PLNI shareholders and the investment community can learn more about the exciting upcoming developments for Plasticon International, Inc. The Webcast was conducted by Evergreen Marketing, Inc. and their subsidiary *************.com in association with Machcobra.com and is now available to the general public on the "Webcasts" page of The Green Baron Investors Society's website: http://www.*************.com. Webcasts can be accessed by clicking on the following link: http://www.*************.com/CEO%20Webcast.htm.
In the Webcast, Mr. Howe gives an overview of Plasticon's innovative products, the size of the rebar supports market, and the company's exclusive sales agreement with the largest building materials distribution company in the United States. In addition, he specifically addresses the fact that Plasticon's audit is in its final stages and that upon completion, Plasticon intends to make the necessary filings to become fully reporting and move to the NASDAQ bulletin board (OTCBB). Finally, he also gives current and prospective shareholders an update on a number of important acquisitions.
For more information about Plasticon International, please visit the Plasticon International web site at www.plasticonintl.com.
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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