quote:Originally posted by Runamuck: Shees sells coming through again.. profit takers I guess.
Maybe some people want to rent the big power boat instead of the little dinghy!
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Yeah the weekend is coming up so people are going to need some cash.. Its ok Tuesday should be a good day. Maybe if it drops back down I can get some more sold off some other stuff that was being a turd.
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ok, so I broke my own rules and probably paid near the HOD to add more to my position..and 50% of my play money is now in hisc..... I think (or dream) that here is a 1000% to me made within the next 2-3 months..
Posts: 218 | From: Grungteb | Registered: Nov 2004
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FOT great post thanks a bunch!!!! I too was busy today on the phone..I talked with Turek for about 25-30 mins about the plastic lumber and sign business as i am looking to build a deck. This company has been around a very very long time and have a good game plan in mind and they are exucuting it very nicely!! The biggest part of our conversation was around how advanced the company is and in his exact words they are and have been 8-10 years ahead of thier time. The reason they have been lagging was due to the time it took to get state approval's for not only the rebar product but as well as the plastic signage.The time was 1 year on avg and a few took over 7 years (NY,CA) and GA he had to wait until the sec of transportation retired because he refused to give donations to various campaign funds and union groups and per his words "excuse my expression but I refuse to pay into or donate money into the whore contracts because thats all it is, i didnt pay then and i dont pay now, it took a lot longer and many more headaches but we have all states,feds,Canada and i didnt pay a dime"!!!!!!!! This tells he is very ethical and believes in doing things the right way, sometimes not always the quickest. He is a very down to earth and when I called him Mr Turek he said please just call me Bill. One other important note is that they sub-contract all the manufacturing out and thus dont have the overhead of plants,employees,workers comp,unemployment etc./ which is usally where a companys biggest expense is. This should be a very profitable company!!! Next week should be very interesting!!GLTA
Posts: 952 | From: OH | Registered: Apr 2005
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[QUOTE]Originally posted by FatherOfTwo: [QB] I just spoke with Bill Howe again....
Here are some highlights (as best as I can remember):
1) I asked about PLNI expectations to eps that Semco would bring. He stated that he could not put this in the PR, but GP is VERY and he stressed the word VERY, interested in their products. He indicated that it WILL be trading much higher than where we are at right now.
THIS IS A GIVEN AND SOUNDS PRETTY MUCH ON THE BALL. WE HIT .45 WITH THE SAME FLOAT WITH NOT MUCH ANYTHING AND WITH SOME SUBSTANCE, UPGRADE, MERGER, PROFITS, P/E RATIO.
2) I asked about the inclusion of intellectual property assosociated with Semco, and he said they are all included. Without the Semco intellectual prop, Bill esimated PLNI intellectual prop worth $28 million. This is more than the $16 million before, because it includes more recent additions.
THIS IS A RUMOR AND COMPLETE SPECULATION. LET'S TALK CERTIFIED ACCOUNTING PRINCIPALS. WHEN THE CERTIFIED NUMBER COMES IN, THEN WE CAN GO WITH THAT. SEMCO IS COMPLETING A AUDIT AS WE SPEAK PRIOR TO MERGER/TAKE0VER AND WHY IS THIS? TO AVOID SPECULATION ABOUT ANYTHING. THIS INFO HERE IS THE REASON WHY PINK SHEETS ARE CRAP BECAUSE THEY CAN SAY WHAT THEY WANT. GIVE US A CERTIFIED ACCOUNTING FIRM TO GIVE US A PROPER EVALUATION OF PLNI FOR UPGRADE AND THEN WE'LL KNOW WHAT THE TRUE VALUE IS. RIGHT NOW PLNI AND SEMCO IS WORTH $0.00 BECAUSE WE HAVE NOTHING, ABSOLUTELY NOTHING TO GIVE US WHAT THEY ARE WORTH. SURE, SEMCO IS WORTH $28-MILLION BUT OWE'S $51-MILLION, YOU JUST DON'T KNOW UNTIL THE FINANCIALS COME BACK.
3) I asked about the OTC listing and he said "momentarily".. I also asked about longer term (12-18 months) and he said their goal was Nasdaq. I am guessing that we see a PR after hours today, or early next week about the audit completion and OTC application.
EVERY COMPANY GOALS TO UPGRADE IS NASDAQ. SHOOT, CALL FRANK OLSEN (QBID) AND HE'LL TELL YOU NYSE. THERE IS NO MAGIC WAND HERE CONSIDERING 4-WEEKS IS RATHER SHORT ITSELF FOR AN INTERNAL AUDIT FOR UPGRADE PURPOSES.
4) He also mentioned that on June 15th, PLNI will be attending a conference in NYC with 60 institutional investors to present PLNI. He mentioned that they have already received a TREMENDOUS amount of interest from them, but they required PLNI to be fully reporting. Bill told me that they WILL BE FULLY REPORTING before they go to NYC!!!!!!!!
IMPOSSIBLE. FLAT OUT IMPOSSIBLE FOR PLNI TO BE FULLY REPORTING BY JUNE 15. I DON'T CARE WHAT THIS GUY SAYS, NO WAY. MORE PINK SHEET SPECULATION. YOU HAVE TO HAVE AN AUDIT DONE AND VIA THEIR OWN PR, THEY SAY 4 WEEKS. THEN YOU HAVE TO SUBMIT IT ALL TO THE S.E.C. THEY REVIEW IT AND WHAT IF A T ISN'T CROSSED OR A I ISN'T DOTTED WHICH IS PRETTY COMMON.
5) I asked about share buyback since Semco will be bringing in a lot of cash, and he said they had this exact converstation this morning. Their fear is that it would remove the liquidity from trading. I then followed up by asking about Turek cancelling some of his shares. He said that it will probably happen in the future... my guess would be when they apply to the Nas.
THE BUSINESS PRUDENT THING TO DO HERE IS WITH THE 1.4 BILLION SHARES OF PLNI, AFTER THE "MERGER" IT WILL MOST LIKELY SEE A REVERSE SPLIT FOR UPGRADE PURPOSES OR SHORTLY AFTER UPGRADE. SHARES THIS... FUTURE THAT... IS ALL SPECULATION.
CERTIFIED ACCOUNTING EVALUATION.
ANTICIPATION AND HOPE IS GREAT BUT YOU HAVE TO INCLUDE REALITY IN THAT ALSO. THEIR VERY OWN PR SAYS: "4 WEEKS FOR AUDIT" BUT WE HAVE SOME MESSAGE BOARD PATRON NOW TELLING US IT'LL BE DONE NEXT WEEK AND UPGRADE IN THE NEXT 2 WEEKS.
WE HIT WITH THE SAME FLOAT .45/SHARE WITHOUT ANY SUBSTANCE. NOW WITH A GOOD MERGER AND UPGRADE AND MOST LIKELY A REVERSE SPLIT, THINK ABOUT YOUR SHARE PRICE NOW. I STILL CONTEND THAT THIS IS ONE OF THOSE STOCKS THAT WHEN ALL THE CARDS ARE PLAYED, MERGER IS COMPLETE, UPGRADE IS DONE, WE'LL SOAR UP UP AND AWAY. THAT IS WHAT I THINK AND I BELIEVE I'M FAIRLY CLOSE HERE.
BUT THERE IS A HUGE DIFFERENCE BETWEEN USING FUNDAMENTALS FOR THE REASONING BEHIND MY THEORY ABOUT THE STOCK PRICE RISE WHICH YOU CAN LOOK AT AND SAY, "YEAH, GOOD CHANCE" OR "YEAH RIGHT YOUR NUTS" AND SAYING AFTER A PR IS DONE REGARDING ACCOUNTING UPGRADE BUT YOU GOT ON THE PHONE WITH JOE-BLOW AND NOW HE'S TELLING YOU THE UPGRADE WILL BE COMPLETE TAKING 2 MORE WEEKS.
Posts: 2337 | From: ORLANDO,FLORIDA,USA | Registered: Oct 2003
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this company has huge potential and this new company that was added will add a lot of good revs. does anyone know the float
Posts: 71 | Registered: May 2005
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quote:Originally posted by U4TSAF2: [QUOTE]Originally posted by FatherOfTwo: [QB] I just spoke with Bill Howe again....
Here are some highlights (as best as I can remember):
1) I asked about PLNI expectations to eps that Semco would bring. He stated that he could not put this in the PR, but GP is VERY and he stressed the word VERY, interested in their products. He indicated that it WILL be trading much higher than where we are at right now.
THIS IS A GIVEN AND SOUNDS PRETTY MUCH ON THE BALL. WE HIT .45 WITH THE SAME FLOAT WITH NOT MUCH ANYTHING AND WITH SOME SUBSTANCE, UPGRADE, MERGER, PROFITS, P/E RATIO.
2) I asked about the inclusion of intellectual property assosociated with Semco, and he said they are all included. Without the Semco intellectual prop, Bill esimated PLNI intellectual prop worth $28 million. This is more than the $16 million before, because it includes more recent additions.
THIS IS A RUMOR AND COMPLETE SPECULATION. LET'S TALK CERTIFIED ACCOUNTING PRINCIPALS. WHEN THE CERTIFIED NUMBER COMES IN, THEN WE CAN GO WITH THAT. SEMCO IS COMPLETING A AUDIT AS WE SPEAK PRIOR TO MERGER/TAKE0VER AND WHY IS THIS? TO AVOID SPECULATION ABOUT ANYTHING. THIS INFO HERE IS THE REASON WHY PINK SHEETS ARE CRAP BECAUSE THEY CAN SAY WHAT THEY WANT. GIVE US A CERTIFIED ACCOUNTING FIRM TO GIVE US A PROPER EVALUATION OF PLNI FOR UPGRADE AND THEN WE'LL KNOW WHAT THE TRUE VALUE IS. RIGHT NOW PLNI AND SEMCO IS WORTH $0.00 BECAUSE WE HAVE NOTHING, ABSOLUTELY NOTHING TO GIVE US WHAT THEY ARE WORTH. SURE, SEMCO IS WORTH $28-MILLION BUT OWE'S $51-MILLION, YOU JUST DON'T KNOW UNTIL THE FINANCIALS COME BACK.
3) I asked about the OTC listing and he said "momentarily".. I also asked about longer term (12-18 months) and he said their goal was Nasdaq. I am guessing that we see a PR after hours today, or early next week about the audit completion and OTC application.
EVERY COMPANY GOALS TO UPGRADE IS NASDAQ. SHOOT, CALL FRANK OLSEN (QBID) AND HE'LL TELL YOU NYSE. THERE IS NO MAGIC WAND HERE CONSIDERING 4-WEEKS IS RATHER SHORT ITSELF FOR AN INTERNAL AUDIT FOR UPGRADE PURPOSES.
4) He also mentioned that on June 15th, PLNI will be attending a conference in NYC with 60 institutional investors to present PLNI. He mentioned that they have already received a TREMENDOUS amount of interest from them, but they required PLNI to be fully reporting. Bill told me that they WILL BE FULLY REPORTING before they go to NYC!!!!!!!!
IMPOSSIBLE. FLAT OUT IMPOSSIBLE FOR PLNI TO BE FULLY REPORTING BY JUNE 15. I DON'T CARE WHAT THIS GUY SAYS, NO WAY. MORE PINK SHEET SPECULATION. YOU HAVE TO HAVE AN AUDIT DONE AND VIA THEIR OWN PR, THEY SAY 4 WEEKS. THEN YOU HAVE TO SUBMIT IT ALL TO THE S.E.C. THEY REVIEW IT AND WHAT IF A T ISN'T CROSSED OR A I ISN'T DOTTED WHICH IS PRETTY COMMON.
5) I asked about share buyback since Semco will be bringing in a lot of cash, and he said they had this exact converstation this morning. Their fear is that it would remove the liquidity from trading. I then followed up by asking about Turek cancelling some of his shares. He said that it will probably happen in the future... my guess would be when they apply to the Nas.
THE BUSINESS PRUDENT THING TO DO HERE IS WITH THE 1.4 BILLION SHARES OF PLNI, AFTER THE "MERGER" IT WILL MOST LIKELY SEE A REVERSE SPLIT FOR UPGRADE PURPOSES OR SHORTLY AFTER UPGRADE. SHARES THIS... FUTURE THAT... IS ALL SPECULATION.
CERTIFIED ACCOUNTING EVALUATION.
ANTICIPATION AND HOPE IS GREAT BUT YOU HAVE TO INCLUDE REALITY IN THAT ALSO. THEIR VERY OWN PR SAYS: "4 WEEKS FOR AUDIT" BUT WE HAVE SOME MESSAGE BOARD PATRON NOW TELLING US IT'LL BE DONE NEXT WEEK AND UPGRADE IN THE NEXT 2 WEEKS.
WE HIT WITH THE SAME FLOAT .45/SHARE WITHOUT ANY SUBSTANCE. NOW WITH A GOOD MERGER AND UPGRADE AND MOST LIKELY A REVERSE SPLIT, THINK ABOUT YOUR SHARE PRICE NOW. I STILL CONTEND THAT THIS IS ONE OF THOSE STOCKS THAT WHEN ALL THE CARDS ARE PLAYED, MERGER IS COMPLETE, UPGRADE IS DONE, WE'LL SOAR UP UP AND AWAY. THAT IS WHAT I THINK AND I BELIEVE I'M FAIRLY CLOSE HERE.
BUT THERE IS A HUGE DIFFERENCE BETWEEN USING FUNDAMENTALS FOR THE REASONING BEHIND MY THEORY ABOUT THE STOCK PRICE RISE WHICH YOU CAN LOOK AT AND SAY, "YEAH, GOOD CHANCE" OR "YEAH RIGHT YOUR NUTS" AND SAYING AFTER A PR IS DONE REGARDING ACCOUNTING UPGRADE BUT YOU GOT ON THE PHONE WITH JOE-BLOW AND NOW HE'S TELLING YOU THE UPGRADE WILL BE COMPLETE TAKING 2 MORE WEEKS.
U4.. it is hard to tell if you are pumping or bashing.
Everything that Bill told me in our 1st conversation has come true, and I have little reason to doubt him.
In regard to item #2.... the $28 million is only the PLNI intellectual prop... it does not include the Semco contribution yet! $16 million of that $28 has already been proven!
Now.. as far as their filing... in my phone conversation with Mr. Turek, he clearly indicated that they have been in contact with the SEC on what they would require for filing... They are doing just that and then some. As far as fully reporting, IMHO, they will be fully reporting with the release of audit details and an application to the OTCBB. Every company has to start somewhere, and if you don't want to consider them fully reporting when they reach this point, then so be it... it is a gamble I am willing to take... and it has paid off very nicely since my first purchases back at 0.003!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
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U4....its good your trying to be level minded and logical, but your basing your hole theory on "certified accounting evaluation"!!! 1.Tyco International 2.World Com 3.Enron 4.Adelphia Cable 5.Nortel Netwoks
Just to name a few
If there are CRIMINALS running the ship and paying off the people who are suppossed to be WATCHING the ship (Arthur Anderson Acoounting Firm/ who I believe in your words are Certified Accountants)it is going to SINK....PERIOD.....
Ethics,trust and character go a VERY LONG way in todays business world. He has already proved those IMO by not greasing the palms of all the as**holes that run things in government positions!!! Think about this one for a minute: If senators,governors,mayors,coucilmen etc. all pay so lousy at under $200k per year, why is it that so many fight for the job, spend MILLIONS in campains, lie, cheat, steal and bribe people all to make a lousy $200k?????? And how is it that they all live in $2,000,000 houses and drive $100k cars and put kids in Harvard Law School @ over $75,000 per year on tuition................and they do all this on $200k a year???? Come on i dont think so.....
I'll tell you how...its people the opposite of Turek, like the people running the above companies that all make it happen, and one little guy says "pound salt I aint paying ya" and his company cant get off the ground!!!!!!!!!!!!
quote:Originally posted by clbgroove: U4....its good your trying to be level minded and logical, but your basing your hole theory on "certified accounting evaluation"!!! 1.Tyco International 2.World Com 3.Enron 4.Adelphia Cable 5.Nortel Netwoks
Just to name a few
If there are CRIMINALS running the ship and paying off the people who are suppossed to be WATCHING the ship (Arthur Anderson Acoounting Firm/ who I believe in your words are Certified Accountants)it is going to SINK....PERIOD.....
Ethics,trust and character go a VERY LONG way in todays business world. He has already proved those IMO by not greasing the palms of all the as**holes that run things in government positions!!! Think about this one for a minute: If senators,governors,mayors,coucilmen etc. all pay so lousy at under $200k per year, why is it that so many fight for the job, spend MILLIONS in campains, lie, cheat, steal and bribe people all to make a lousy $200k?????? And how is it that they all live in $2,000,000 houses and drive $100k cars and put kids in Harvard Law School @ over $75,000 per year on tuition................and they do all this on $200k a year???? Come on i dont think so.....
I'll tell you how...its people the opposite of Turek, like the people running the above companies that all make it happen, and one little guy says "pound salt I aint paying ya" and his company cant get off the ground!!!!!!!!!!!!
""""""""""""""WELCOME TO CORPORATE AMERICA"""""""
Very well put...
If Turek comes out and provides all the info that any other reporting company produces each and every quarter.. and then he says "We have made our application to the OTCBB", that is all that I need to consider them FULLY REPORTING!!!!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
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ANYONE CAN SAY ANYTHING BUT THE FACT REMAINS, YOUR TAKING THE RECENT HISTORY OF SOME FRAUD (ARTHUR ANDERSON) AND LISTING 5+ COMPANIES OF FRAUD AND ATTEMPTING TO PARALLEL THE TWO.
WHAT YOUR FAILING TO MENTION IS THAT THERE ARE APPROXIMATELY 50,000 DIFFERENT STOCKS ALL OF WHICH REPORT FINANCIALS.
FEW BAD APPLES. SO BE IT.
THE BOTTOM LINE IS THAT 99.9999% OF FINANCIALS ARE CORRECT AND NOT MISLEADING AND I'M WANTING TO SEE FINANCIALS AND UPGRADE. TELL US THIS AND TELL US THAT PLNI BUT UNTIL YOU COUGH UP THE FINANCIALS, CERTIFIED AT THAT, IT IS NO DIFFERENT THAN QBID GOING ON IT'S 2-ZILLIANTH BUY BACK AND UPGRADING FOR THE UP-TEENTH TIME.
AS FAR AS THE STATEMENT GOES, GIVE US YOUR OPINIONS, ABSOLUTELY.
JUST LIKE MY OPINION IS THAT MOST ON THIS BOARD SEEM TO SEE PLNI GOING UPWARDS OF .10 AT BEST AND I SEE FAR GREATER THINGS THAN THAT. I COMBINE THE FLOAT WITH IT'S HISTORY AND THE ASPECT OF UPGRDING AND SEMCO. I BELIEVE THAT THIS WILL ABSOLUTELY BE ONE OF THOSE STOCKS THAT WILL GO FROM .005 TO UPWARDS OF $20 OR MORE WITH WHAT WE HAVE.
BUT I'M NOT GOING TO COME ON A BOARD AND TELL YOU I TALKED TO SO AND SO AND HE SAID TO ME ON THE PHONE THAT THE UPGRADE WOULD TAKE PLACE IN 3 WEEKS. ESPECIALLY AFTER A PR WAS DONE TELLING US ACCOUNTING IS 4 WEEKS AWAY. FURTHER, PREVIOUSLY WORKING IN THE BUSINESS AND KNOWING FAR BETTER.
I TOTALLY BELIEVE IN WHAT I'VE RESEARCHED WITH PLNI. ALL GOOD NEWS RECENTLY; ABSOLUTELY. EXCELLENT OUTLOOK ON THE FUTURE WITH THIS.
WHEN SOMETHING IS POSITIVE AND HAS A GREAT OUTLOOK, I'M FOR/WITH IT 100% EVEN IF I'M NOT VESTED IN IT.
WHEN SOME PINK SHEET SAYS THIS AND THAT COMBINED WITH WHAT'S ABOVE, THEN PROVE IT.
IF YOU DON'T FOLLOW THROUGH ON WHAT YOU SAY, YOUR JUST ANOTHER PINK SHEET FRAUD.
PLNI, SO FAR SO GOOD.
Posts: 2337 | From: ORLANDO,FLORIDA,USA | Registered: Oct 2003
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This is what will make an immediate spike in price ( maybe a dollar) assuming everything is set to make us attractive to institutional investors!!imo
which is a lot sooner than originally expected!
"4) He also mentioned that on June 15th, PLNI will be attending a conference in NYC with 60 institutional investors to present PLNI. He mentioned that they have already received a TREMENDOUS amount of interest from them, but they required PLNI to be fully reporting. Bill told me that they WILL BE FULLY REPORTING before they go to NYC!!!!!!!!"
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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i am thinking you mean fully reporting in the sense that he will have a completed audit in hand that he has made the publuic aware of the results and is in the process of fileingfor the otc bb. that is my understanding of what was said and i agree with that statement 100% if i am taking this wrong please let me know. glta
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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Other than EBAY and OBDP, this is the only stock I am holding. I will hang on here until probably late summer. Unless she's still rockin', then I may keep my position and let it ride into winter with OBDP.
-------------------- If you can't get in low, get in lower. Posts: 61 | From: Abbottstown, PA | Registered: Jun 2004
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One other important note is that they sub-contract all the manufacturing out and thus dont have the overhead of plants,employees,workers comp,unemployment etc./ which is usally where a companys biggest expense is.
I am glad to hear about this..as long as the subcontractor is in China where patents are disregarded...does anyone knows where/their subcontractor is?
Posts: 218 | From: Grungteb | Registered: Nov 2004
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FatherOfTwo, thanks for sharing the details of that conversation with us. Great info! As for point #4, they certainly mean what they say. Check out the link (close the spaces):
quote:Originally posted by FatherOfTwo: I just spoke with Bill Howe again....
Here are some highlights (as best as I can remember):
1) I asked about PLNI expectations to eps that Semco would bring. He stated that he could not put this in the PR, but GP is VERY and he stressed the word VERY, interested in their products. He indicated that it WILL be trading much higher than where we are at right now.
2) I asked about the inclusion of intellectual property assosociated with Semco, and he said they are all included. Without the Semco intellectual prop, Bill esimated PLNI intellectual prop worth $28 million. This is more than the $16 million before, because it includes more recent additions.
3) I asked about the OTC listing and he said "momentarily".. I also asked about longer term (12-18 months) and he said their goal was Nasdaq. I am guessing that we see a PR after hours today, or early next week about the audit completion and OTC application.
4) He also mentioned that on June 15th, PLNI will be attending a conference in NYC with 60 institutional investors to present PLNI. He mentioned that they have already received a TREMENDOUS amount of interest from them, but they required PLNI to be fully reporting. Bill told me that they WILL BE FULLY REPORTING before they go to NYC!!!!!!!!
5) I asked about share buyback since Semco will be bringing in a lot of cash, and he said they had this exact converstation this morning. Their fear is that it would remove the liquidity from trading. I then followed up by asking about Turek cancelling some of his shares. He said that it will probably happen in the future... my guess would be when they apply to the Nas.
Personnally.. I will be buying as much PLNI as I can! IMHO, This will be trading above 0.1 before the end of the summer. Once the Institutions start buying, this is going to go through the roof!
Also, I want to become Balder's close personal friend... cause in a couple monhts, he will be a MULTI-MILLIONAIRE!!!!
I our President (or representative) can stand up to the panel afterwards with good faith, I think we all are going to be very happy, wealthy and satisfied shareholders.
I know it's rare that a company this sincere comes along with the goods to back it up, so I'm already happy and looking forward to great things.
-------------------- speak from your heart, invest from experience... Posts: 261 | From: Dallas | Registered: May 2005
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Looks like they will be off the pinks and on the OTCBB by then!!!!!
Plasticon (OTC:PLNI) Plasticon International 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.
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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FOR PLNI TO UPGRADE, IT HAS TO FILE WITH THE SEC IT'S FINANCIALS. THE SEC DETERMINES WHO GOES TO NASDAQ, NYSE, PINKS OR OTC.
A PINK SHEET STOCK IS CONSIDERED BY THE SEC TO BE ANYTHING UNDER $5 AND LESS THAN $2-MILLION IN TANGIBLE ASSETS. 3-YEARS OF CONTINOUS OPERATIONS, MARKET CAP OF $5-MILLION AND REVENUES OF $6-MILLION FOR THE LAST 3 YEARS. THE REASON FOR THE $5 THRESHOLD IS TO PREVENT PEOPLE FROM CONTROLLING MARKET PRICE ON THE STOCK; AKA PUMP AND DUMP.
NASDAQ REQUIREMENTS ARE $4-MILLION IN ASSETS AND A VALUE OF $1 OR MORE PER SHARE. STOCK VALUE IS DETERMINED BY CERTIFIED FINANCIALS STATING PROFITS/LOSSES. FOR INSTANCE, IF PLNI WAS WORTH $30-MILLION DOLLARS FOR THIS TO NASDAQ UPGRADE, A R/S WOULD TAKE OUR 1.4 BILLION SHARES DOWN TO 30-MILLION AT $1/SHARE OR FEWER SHARES AND A HIGHER SHARE PRICE.
STILL A PROBLEM WITH THE OTC IS THAT IS DOES NOT HAVE TO PROVIDE IT'S NET WORTH OR MARKET CAP WHICH CAN LEAVE PEOPLE HANGIN ABOUT THE REAL VALUE OF THE COMPANY. UNLIKE A NASDAQ OR NYSE, YOU WONT KNOW WITH PLNI. THE PURPOSE THOUGH OF THE OTC IS TO PROVIDE YOU AND I (THE SHAREHOLDERS) CERTIFIED FINANCIAL INFO ABOUT THE COMPANY. I WILL SAY THIS IS FAR BETTER THAN BEING ON THE PINKS ALONE WHEREAS WE'LL HAVE AT LEAST SOMETHING TO GO BY IN DETERMINING VALUE.
THE ONLY DIFFERENT BETWEEN A PINK AND OTC IS THE FILING OF FINANCIALS EVERY QUARTER AND YEARLY. THE REAL REGULATIONS COME INTO PLAY FOR VALUE ON NASDAQ, NASDAQ SMALL CAP AND NYSE.
WHY STAY ON PINKS VS. OTC? MONEY. CERTIFIED ACCOUNTING FOR OTC CAN COST $50,000-$100,000 PER YEAR. NASDAQ $150,000+ AND NYSE UPWARDS OF $500,000. YOU WILL SEE ALOT OF BANKS ON THE PINKS AND YOU'LL NEVER HEAR A PROBLEM WITH BANKING ON THE PINKS BECAUSE THEY ARE HEAVILY REGULATED TO BEGIN WITH.
THE COMMENT CAME SOMEWHERE AND I THINK IT WAS FATHEROFTWO THAT PLNI EXPECT TO UPGRADE/NASDAQ IN THE NEXT YEAR OR SO. WITH THE ABOVE PARAMETERS YOU JUST RED, WITH THE SEMCO MERGER AND OTC UPGRADE, IF IN FACT THE MONEY IS WHAT SEMCO IS BELIEVED TO BE WORTH, THAN NASDAQ IS A VERY LIKELY UPGRADE FROM OTC. ALL THAT TAKES PLACE AND PLNI BLOSSOMS WITH EVERYTHING THEY ARE TELLING US, THEN YOU'LL SEE THIS STOCK SOAR. YOU'LL HAVE A COMPANY WORTH HUNDREDS OF MILLIONS AND THE STOCK PRICE WILL REFLECT THAT WITHOUT A DOUBT.
WITH ALL THAT SAID, IT IS POSSIBLE (NOT LIKELY) TO GO STRAIGHT TO NASDAQ. THE PROBABLE COaRSE OF ACTION WILL BE OTC AND GET THINGS RUNNING WELL THERE WITH GOOD PROFITS AND THEN UPGRADE TO NASDAQ.
Posts: 2337 | From: ORLANDO,FLORIDA,USA | Registered: Oct 2003
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U4TS... thanks for the info, but kindly request you post in lower case.. thx.
Posts: 31 | From: Seattle area | Registered: Jul 2004
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Listing Requirements of the Over the Counter Bulletin Board - OTCBB
The stated and un-stated listing requirements for the OTCBB are as follows: • fully reporting with the Securities and Exchange Commission, • not a black check or inactive company, • minimum of 40 stockholders of record holding at least 100 shares each (note: this number is informal and has been moving up), • directors, officers, and stockholders will be scrutinized for previous involvements in other OTCBB companies, in particular blank check companies, • must have a market maker submit 15c211 application to NASD and agree to act as market maker for securities of company.
Listing Requirements of the NASDAQ Market Quotation Systems
Nasdaq is a quotation market system and over the last twenty years has evolved into the preferred trading market for technology and bio-technology companies. Nasdaq is split into two tiers; the National Market and the Small Cap Market. Both tiers are much more volatile than traditional stock exchanges. Despite, or because of, this volatility investors and companies are attracted to this market. The attached charts provide a summary of the listing requirements of NasdaqNM and NasdaqSM. Nasdaq National Market - NASDAQNM
Nasdaq National Market Listing Requirements Requirements Standard 1 Standard 2 Standard 3 Stockholder Equity $ 15,000,000 $ 30,000,000 N/A Market Capitalization
Total Assets
Total Revenue N/A N/A $ 75,000,000, OR
$75,000,000, OR
$75,000,000 Net Income from Continuing Operations (in latest fiscal year or 2 of the last three fiscal years $ 1,000,000 N/A N/A Public Float (Shares) 1,100,000 1,100,000 1,100,000 Operating History N/A 2 years N/A Market Value of Public Float $ 8,000,000 $ 18,000,000 $ 20,000,000 Minimum Bid Price $ 5 $ 5 $ 5 Market Makers 3 3 3 Shareholders (round lot holders) 400 400 400 Corporate Governance Yes Yes Yes
Seasoned issuers must meet the market capitalization requirement and the minimum bid requirement for 90 consecutive trading days prior to applying for listing.
Net Income from Continuing Operations (in latest fiscal year or 2 of the last three fiscal years $ 5,000,000, OR $ 50,000,000, OR
$750,000 Public Float (Shares) 1,000,000 Market Value of Public Float $ 5,000,000 Minimum Bid Price $ 4 Market Makers 3 Shareholders (round lot holders) 300 Operating History
Market Capitalization 1 Year, OR
$50,000,000 Corporate Governance Yes
Seasoned issuers must meet the market capitalization requirement and the minimum bid requirement for 90 consecutive trading days prior to applying for listing.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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Chopper... Thanks for the info...What are you doing up in the middle of the night doing DD??? The market opens Tuesday...get some sleep... I must say Chopper, when you believe in a company you don't mess around...keep up the good work...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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I know we are supposed to discuss only PLNI business here, seiing as how it's esy to view your other post on other Allstocks threads, I have to ask you: are you a professional basher or what? Granted QBID was/is a scam in the making, but you really did a job on them via your negative post. I guess what I'm saying is, if you own stock in PLNI or any other company, why so negative? Plasticon is, IMHO, a great stock with great potential. I'm not emotional over the stock, just excited to be in on the ground floor. I would like to think you would be too.
-------------------- speak from your heart, invest from experience... Posts: 261 | From: Dallas | Registered: May 2005
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new to plni, i like what i see, a comapny that is sound with a niche product and cheap!!!!!!
Posts: 261 | From: NJ | Registered: May 2005
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I like PLNI in the long term. This company has the potential to reach 2.00 . I'm sticking and not selling.
Posts: 785 | From: la | Registered: May 2005
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U4TSAF2, hmmmmmm,,,2 FAST 4 U.....not to fast for this old man..The large caps are cool with me! I CAN PUT MY READING GLASS'S DOWN...
As far as a basher pumper goes, I think U4 is in a new catagory...........It's called an opinionator.....
I enjoy U4's opionionerating, but I've been told I have a rather odd sense of humor..........
Stand by,,,,,,,,,I am writing a new dictinary, then the less mentaly fortunate amongst us can understand what I am saying!
Posts: 10729 | From: oregon | Registered: Feb 2005
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I agree who cares about caps or no caps U4 has alot of good info and great insight.As for the Q I left that bus a long time ago with a little profit and glad I did.I'm excited about this one; A company with a real product! To the moon Alice!
Posts: 168 | From: Grand Rapids , MI | Registered: Jan 2005
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