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18 mil volume was ahead of that I think yesterday but once the news gets picked up I think it will blow by that. Yesterdays volume was insane 14 million more then Friday.
-------------------- You wouldn't have the opportunity to be such an idiot...
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I guess.. I sold 5 million shares of QBID right before to do it... I wonder if my sell is listed on the Q thread.. I still have 4 million Q, and will buy it up to 10 million, but not today.
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Runamuck, people are selling off other positions to get in here....I'm waiting for another chance at more shares, before the the rush in and back in starts...
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expect the PR late this afternoon or tomorrow morning. They are scrambling to fix up the webite - we wern't supposed to find it last night
I think the PR campaign will begin with teasers ... leading up the the bombshell of the 'quite period' and the move to becomming a fully reporting company.
This is just my guess, but I think they want to work this up slowly to 0.01+ so we don't have wild price fluxuations. Last thing we need are speculators driving away the real investors due to volatility.
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Can someone post a quick summary of why this is a good deal? If it sounds good, it will get another million shares bought by me right now.
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I just called Plasticon, They had NO idea that the pr's did not hit all the news wires... Busy I guess. But they shot me back an email Right after I called stating they were on it this very second and thanks for the heads up. Now let the Games Begin! GLTA
-------------------- It will run when you least expect it. :)
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Kevin, here is a summary of why I went long 40 million shares last december (this is a repost of something I had posted in another thread)
Also, Each time I call I hear hints about the new plastic highway signs - something they are very excited about but can't give me any info on yet - at least until they release it to the invesment community as a whole. Till then, here you are:
The filings with the SEC are listed on pinksheets.com, but all these do is really paint for you the picture of what James Turek has had to go through to transform this company from a failed oil company to a modern 'green' plastics firm.
This is a link to a post listing some patents held by Turek & Plasticon:
the following are some selected highlites of that page: BREAKING NEWS:
Plasticon International, Inc. has entered into and begun to fill orders for plastic supports on an exclusive distribution agreement with the largest US building products distributor. The initial commitment of $5.3 million includes the US, Puerto Rico and Caribbean, which will establish a solid base of distribution for the company and greatly enhance brand exposure of their plastic accessories. Plasticon's products will be carried in national retail outlets that over the next 2 years will be supplied by 63 distribution centers located throughout the country. Each center by average, represents a potential order of $300,000 wholesale or a total of $18 million annually without factoring reorders or special product requests for the US Market alone. As well, current negotiations for Canadian orders represent an additional potential of $2-4 million a year.
R&D
Plasticon has made a substantial investment into research and development which is now being realized through market orders, current production build-out to accommodate orders to scale for mass distribution and the holding of important registered patents.
"Many patents contain clever and novel ideas but turn out to be impractical when attempts are made to actually practice the art as a basis of a commercial venture. That is clearly not the case with the concrete accessories held by Plasticon. The Plasticon patents disclose commercially viable new and innovative technology.
"A validation parameter regarding the worth of the technology enters the equation if and when a patent disclosure is judged sufficiently economically viable that it begins to attract competitors.
"In Plasticon's case, a competitor aggressively entered the market directly competing with Plasticon concrete accessory products. A thorough analysis of the competitive products by professional patent and design counsel retained by Plasticon determined that the competitive products directly violated several aspects of Plasticon's patents. The competitor was informed, but chose to ignore Plasticon's notices of infringement and was taken to court by Plasticon for remediation in 2000.
"Court challenges to patent validity are very significant events. Defendants can bring true world-class experts in design and function to attempt to prove a patent and its technology invalid. Patents are thus subject to intense examination and records show that many patents fail to survive this process and are ruled invalid. Plasticon was subject to this process by the competitor's experts in a Federal Court proceeding in which a judge shortly concluded that the competitor failed to make a credible case and ruled in Plasticon's favor.
"Surviving this intense examination process under the circumstances noted above dramatically enhances the economic value of a patented technology. (William L. Kelly, P.h.D. WLK Associates)
In the court proceeding, an expert testified the registered patent by itself would have an increased valuation in excess of $16 million from the previous appraisal of between $4.5 to $6 million range.
Revenue Forecast
Plasticon's primary focus is plastic rebar supports which generate approximately 90% of revenue sales. Plasticon is nearing $2.5 million in sales for this year and expects to finish between $4 to $5 million for 2005. With a build-out that involves acquiring additional molds for pouring, and production levels coming inline accordingly, the company anticipates $15 million in revenue for year 3 and $35 million in revenue for year 5.
SUMMARY
Plasticon has developed a leading, high quality alternative building product in its plastic rebar supports that is patent protected and proven. Having obtained an exclusive contract with the largest building products distributor, Plasticon is building out its production facility to accommodate large-scale distribution. The concrete construction market for rebar supports is substantial with a glaring issue of corrosion and cost effectiveness that offers Plasticon a compelling argument for success. Plasticon is environmentally friendly using recyclable plastics, also known as a "Green Company," there may be some foreshadowing here as it relates to revenue forecasts at year one $4-5 million, year three $15 million and year five at $35 million, we anticipate a healthy move in the stock price.
True DD won't be available till they move to the OTCBB and become a fully reporting company. For now you have to decide the level of risk vs reward your comfortable with.
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just called Plasticon, They had NO idea that the pr's did not hit all the news wires... Busy I guess. But they shot me back an email Right after I called stating they were on it this very second and thanks for the heads up. Now let the Games Begin! GLTA
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For the first time, im really getting exited about Plasticon...as ive been in for over a year! was beginning to think it was a con! Not only am i hoping to get my money back but loads more on top (hopefully) we can dream cant we, got my eye on a nice Porshe 911 !!!! defo a dream but who knows!! Im in for the longhaul...recycling is the way forward, what will the pps be in 5 years!! got to be a lot surely. GLTA.
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quote:Originally posted by Runamuck: LOL Hilander...
I might actually just tuck these stocks away in corner and check on them in 3 years...
I don't have a choice. I got my azz thrown back on active duty again starting on Thurs. So all I'll be able to do is tuck away what I got and hope for a nice little surprise. Hopefully I'll be able to pick up some QBID soon. But first, PLNI needs to pop so I have more money.
-------------------- If it wasn't for bad luck I'd have no luck at all.
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