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Retirement found huh? Look back at the last 2 weeks of runners. QOIL, AMEP, AMRE, RAPT, just to name a few. The % change in those 4 stocks alone would of made you over 1,000% if you played all of them from low to high. This long term hold seems to hurt more people then help anyone. Look at AOOR. What that stock did in 1-2 weeks is something PLNI will never do in 2 years. Chances are a company might have a r/s or diluate the stock which will cause you to never ever see profit. That's the sad thing about investing long term.
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lets call plasticon and get some price quotes on rebar and then call a steel rebar company and get prices... are you scared to do it? I dare ya
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Now for a little Real DD Rather than the Garbage being shot back and forth by a few Dishonorable members posting on this thread. This is from the Green Baron and Directly Responds to the R/S Trash being thrown around.
GLTA
May Focus Stock Update
Plasticon Intl. Inc. (PK: PLNI)
Friday, June 17 News Alert: Plasticon Announces Company is Profitable as of Second Quarter 2005; Review of Financials for first and second quarter 2005 show Plasticon to be on a positive cash flow basis
Last week on June 15, Plasticon CEO Jim Turek presented at the Microcap Investors Summit, a half day event offering fund managers and analysts the chance to discover new investment opportunities in the microcap marketplace. The Company believes it was successful in delivering its growth story to these investment professionals, and that interest developed from the summit appears to be very strong.
The press release issued Friday demonstrates that Plasticon is now operating in the black. The Green Baron Report believes this achievement is just the beginning of major earnings results for the future. The Company also addressed the issue of its audit. We understand that the audit will likely be completed much sooner that the end of July, but the Company did not want to miss another internal deadline.
Some investors have been alarmed over the possibility of a reverse split since the question was addressed at the conference. Through our close communication with Plasticon representatives, we understand a more detailed explanation about the possibility of a split will likely be addressed on Monday, June 20. Thus far, our understanding is that a reverse split would not occur, if at all, until after the stock retains a Bulletin Board listing and likely at much higher prices. We will comment following any press release by Plasticon.
LEXINGTON, Ky., Jun 17, 2005 (BUSINESS WIRE) -- Plasticon International Inc. (Pink Sheets:PLNI) announced that a review of the financials for the first and second quarter of 2005 demonstrate that Plasticon has achieved profitability as of the end of the second quarter of 2005.
"Our momentum has been incredible over the last few months," said Jim Turek, President and CEO of Plasticon International, Inc. "As the technology leader of the recycled plastics sector, we developed several major innovations which led to substantial cost savings and leaps in productivity. We announced our exclusive contract with the largest building materials distribution company in the U.S., which makes us the largest supplier of rebar supports in the country. We also built some very important partnerships, which will allow us to continue to aggressively grow the company. All of these developments contributed to our profitability. So we are thrilled to announce that Plasticon International is profitable as of the second quarter of 2005."
Mr. Turek said that the company's top priority right now is to have the company audit completed by the end of July. "I am confident that we can meet this deadline. This is a very important step for us. Once the audit is completed we will immediately file the necessary documents with the SEC, in order to move Plasticon to the OTCBB. We expect this to be accomplished in the next 30 to 90 days. "
Mr. Turek emphasized that there will be many exciting announcements in the coming weeks and months, and noted that investors and shareholders should visit www.plasticonintl.com frequently for updates. "We approach communications with our shareholders and the public very seriously and we feel that it's very important to bring openness and integrity to the process. For news about our company, we urge investors to rely on trusted sites only. It has come to my attention that there is a lot of misinformation being bandied about on the internet regarding PLNI. If you are an existing shareholder or are considering buying stock in Plasticon, please consider very carefully the source of information you use to make your investment decisions. I urge all investors to make their decisions based on sound fundamental information and not on rumor, conjecture, or innuendo. It's unfortunate that there is so much incorrect information on the internet, but again we would caution investors to only rely on trusted sites and other offline sources for investment information."
Strong fundamentals for Plasticon International give Mr. Turek a very optimistic outlook as the company moves forward. "We are certainly in a very promising period of growth right now," Mr. Turek said. "The company is on very solid footing and is positioned for tremendous growth. PLNI offers serious investors strong fundamentals, superior patented products, an unprecedented distribution network in our sector, low overhead and positive earnings. We are grateful for the support of our existing shareholders and welcome those of you who are new owners of the Company," Mr. Turek said.
For more information, please visit Plasticon International online at www.plasticonintl.com.
About Plasticon International, Inc.
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.
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.
Company Contact Information:
Jim Turek – President and CEO
Office Phone: (859)221-2579
Bill Howe – Investor Relations (800)889-0915 williambhowe@yahoo.com
-------------------- It will run when you least expect it. :)
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Chopper, you are the man. Believe it or not, I had scanned through the two postings on Friday, but I had become too saturated with all the recent misinformation from the new bashers on this thread. Thanks for the re-focus.
-------------------- speak from your heart, invest from experience...
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I will be happy to call plasticon and get price quotes on platic re-bar, but I also need someone else to do it from this forum to verify the information.. Then, I will call and get quotes on steel re-bar...
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Thank You Beachboync and Corndo, It sure has been a drain on the ol Patience trying to get through the junk to get to some good DD. For me I don't care if the DD is good news or bad news as long as it is solid or has solid thinking behind it. All the other stuff we can do without. If any of you are as tired of the momo cronies as I am just Report the Posts. Thanx again
GTLA
-------------------- It will run when you least expect it. :)
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Im going to call for a steel studs for my house and wood studs for my house, when I find out steel ones are more I will still buy them because thy will last forever and dont get eaten by termites. its not about the cost its about the product, if it last longer and you rebuild roads less it will be used, its the government.... when have they ever worried about costs
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quote:Originally posted by maniladreamin: I will be happy to call plasticon and get price quotes on platic re-bar, but I also need someone else to do it from this forum to verify the information.. Then, I will call and get quotes on steel re-bar...
or does anyone have the guts?
The guts? Is it dangerous to make phone calls now? Actually, they are already sending me samples, and I requested a price list and brochures too, so if nobody has called before I get everything, I'll post it for ya.
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Just got back from the golf tournament and was catching up on things when low and behold I read the below post and a few others...
This guy really sounds like our old pal Momo...Lexcartel...hahahahaha..Does it sound like him to you??
It's funny how they enter a site over a weekend when the moderator can't ban them and look for suckers...These guys are bottom feeders...scum of the earth dirtbags...Now that was as nice as I could describe them...
If it is our old Felon friend he is setting people up for a group play...There should be 3 or 4 other Felons on this site off and on with old Momo...He never commits a crime alone...No balls...
Folks...be careful of any suggestion to follow his scumbags...He's setting you up to get your hard earned cash...Just be careful and communicate with this Felon at your own risk...
quote:Originally posted by Wisdom_Dave: Retirement found huh? Look back at the last 2 weeks of runners. QOIL, AMEP, AMRE, RAPT, just to name a few. The % change in those 4 stocks alone would of made you over 1,000% if you played all of them from low to high. This long term hold seems to hurt more people then help anyone. Look at AOOR. What that stock did in 1-2 weeks is something PLNI will never do in 2 years. Chances are a company might have a r/s or diluate the stock which will cause you to never ever see profit. That's the sad thing about investing long term.
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Bear, Nice to see you back from the Golf Course there Mr. Leasure. hahahaha Hope the Boys and Girls Clubs made out Greatly from this week's Golf Benifit. I give you five Stars for the Great Community Service. Happy Fathers Day. Yes it does sound like old momo and the gang are back causing trouble again and I'm with you on the bottom feeder rap. See you on the thread in the morning.
-------------------- It will run when you least expect it. :)
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MoneyTV interview broadcast to 50 million viewers Fathers Day weekend, Fantastic Green Baron update and a PLNI PR clearing up the R/S issue on Monday. Maybe we'll see that bounce to .02 we have been waiting for. Could be a very Prosperous week.
GTLA
-------------------- It will run when you least expect it. :)
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I am seeking to invest in a stock. This one seems to have a great interest. I was reading the posts, but I have a question before buying the stock. One of the posters said that steel rebar is cheaper than plastic. Is this correct? I don't want to make a mistake and buy the wrong company. I dont think this company will do well if its product is more expensive than steel. I also read that the stock may be under .01 Do you think I should wait and buy it when it goes under .01?
quote:Originally posted by filipino style: I am seeking to invest in a stock. This one seems to have a great interest. I was reading the posts, but I have a question before buying the stock. One of the posters said that steel rebar is cheaper than plastic. Is this correct? I don't want to make a mistake and buy the wrong company. I dont think this company will do well if its product is more expensive than steel. I also read that the stock may be under .01 Do you think I should wait and buy it when it goes under .01?
Nice new alias there maniladreamin...pretty lame play on the manila/filipino connection...not very original
Thanks
-------------------- It is impossible to make anything foolproof because fools are so ingenious.
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ok the great dr green baron is going to settle this r/s issue once and for all and it looks likeplni is going to do a pr to disclaim it i can't say how happy i feel now if they do that here comes .05 . plni let rock!!!!!!!!!!!!!!!!!! i fell a KaBOOOOOOOOOOOOOOOOOOM soon.
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I decided to sell all my shares of plni friday for multiple reasons.
1) The rumors of a R/S. Rumors distroy pinkies. 2) The amount of BS floating around this stock. First of all, they do not sell plastic rebar but plastic rebar SUPPORTS. There can NEVER be plastic rebar. Plastic rebar, or anything other than steel, would have to be certified to be used in construction and this takes decades to accomplish. If you do not believe me, ask anybody in constuction. 3) The early topics concerning plni recieving governement contracts, which is not true. They will only recieve contracts from main contractors.
Because so many posts are discussing plastic rebar and government contracts, I relized that most of you really do not know much about their business, contruction, and contracting. Most of these posts are BS. If you just take time to think, you will relize this also.
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I did a search and there are several companies that have websites that show that they make these types of parts. I don't know if any of them have stocks or not. I thought I did actually see one that did have plastic rebar, so you may be incorrect on that, but it didnt seem there was much info on that. 98 % of what I saw is plastic pieces for steel rebar, such as end caps and so on.
this company says it has fiberglass re-inforced plastic rebar... it also says it costs more than steel rebar ...http://www.tillco.com/
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quote:Originally posted by filipino style: I did a search and there are several companies that have websites that show that they make these types of parts. I don't know if any of them have stocks or not. I thought I did actually see one that did have plastic rebar, so you may be incorrect on that, but it didnt seem there was much info on that. 98 % of what I saw is plastic pieces for steel rebar, such as end caps and so on.
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if jim is smart he will dump his aunt and sons 180 million shares while the stock is above a penny than he can buy that condo in hawii in time for christmas! and stash the other mil for a rainy day!! just funnin with ya! LOL.
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This part of Green Barons recap looks good!imo
"The press release issued Friday demonstrates that Plasticon is now operating in the black. The Green Baron Report believes this achievement is just the beginning of major earnings results for the future. The Company also addressed the issue of its audit. We understand that the audit will likely be completed much sooner that the end of July, but the Company did not want to miss another internal deadline.
Some investors have been alarmed over the possibility of a reverse split since the question was addressed at the conference. Through our close communication with Plasticon representatives, we understand a more detailed explanation about the possibility of a split will likely be addressed on Monday, June 20. Thus far, our understanding is that a reverse split would not occur, if at all, until after the stock retains a Bulletin Board listing and likely at much higher prices. We will comment following any press release by Plasticon."
-------------------- It is always darkest before it goes completely BLACK!!!
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Like I said there is only, and will forever only, be steel rebar. Every, that is 100%, structural textbook, engineering formula for construction, and government standards use steel rebar. These standards are the key. The government has standards which, by law, have to be followed for any structurally significant (rebar) component used in contruction. In dealing with concrete, only steel rebar is allowed. Even if a company (not plni BTW) sells plastic rebar, nobody can use it until these standards are changed. This vertually never happens.
Plus, ALL formulas that engineers use for constuction are based on steel rebar. For those who do not know, engineers have to to numerious calculations to "predict" the properties of the design. They have to do this to get the design certified by the state before contruction can begin. All these predictions are based on steel and its particular material properties. Another reason why there is only stell rebar.
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Still, the key is that a lot of you on this forum are claiming that plasticon makes plastic rebar, which is not true. If there is one lie, how many others are being posted about this company.
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As you can see...plastic rebar in various forms is a reality....and has already been put to use. Your previous statements are wrong.
MECHANICAL, INDUSTRIAL AND CIVIL ENG.: Civil Engineering
Demonstration of Fiber-Reinforced Plastic Composite Rebar on a Full- Scale Concrete Bridge Deck Authors: Johnathan C. Trovillion; Hota V. GangaRao; Sanjeev V. Kumar; Hemanth K. Thippeswamy; Lena Yoe; CONSTRUCTION ENGINEERING RESEARCH LAB (ARMY) CHAMPAIGN IL Abstract: This report describes work conducted as part of a Construction Productivity Advancement Research (CPAR) project intended to demonstrate the effectiveness of fiber-reinforced plastic (FRP) reinforcement bars used in a fill I-scale bridge deck. The main benefit of FRP over mild steel reinforcement is its resistance to corrosive environments, which could significantly extend the service life of various reinforced concrete structures. A bridge needing replacement was identified near McKinleyville, WV, and the replacement was designed and constructed using FRP rebar instead of steel. This report describes the design methodologies necessary for utilizing FRP rebars in concrete reinforcement, and uses the actual replacement McKinleyville bridge deck design as an example. Also included are descriptions of activities by various research and standards organizations working to develop material specifications and design criteria for using FRP rebars as concrete reinforcement.
Limitations: APPROVED FOR PUBLIC RELEASE
Description: Final rept.
-------------------- It is impossible to make anything foolproof because fools are so ingenious.
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As far as PLNI and Plastic Rebar..they are in the R&D phase of Plastic Rebar development project. And as stated in their recent Microcap Investors Webcast...PLNI said it was about 70-80% complete in its development of a plastic rebar product. And it does NOT take decades to get building material approvals. Just thorough testing data and determination.
-------------------- It is impossible to make anything foolproof because fools are so ingenious.
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Boy, you believe anything. That report is a study to see how plastic rebar can be used. It is in no way a report citing wide-spread allowance of the use of plastic rebar. Remember, the standards have to be changed and this is possibly their process for changing the standard. Also, these standards state, not fed, standards. Therefore, they have to be changed in all 50 states. Hence is takes decades for this to happen.
Some of you have been in the pinkie realm a little to long. A demonstration does not mean that is used or allowed for commercial use. IF you do not believe me, ask anybody in construction. I did, and I got an earfull about rebar.
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Because I sold plni, I will stop writing after this message. Be careful about what you read hear. A lot of people have a lot of money riding on this company and they now think that they are contruction experts. They will believe anything that makes this stock look good. For example, I would like to see Pagan back up his statement concerning the fact that it does not take decades for standards to be changed.
I am not saying that this stock is good or bad, I just think that there are some people on this forum who have their blinders on to anything that might be bad with this stock. This is very dangerious and unwise.
Like I said before, my advise would be to talk to a structural engineer or construction engineer and get their advise on this company and product. They are the true experts and know the realistic expectations on these products.
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I have decided to shop around for my investment in a stock. This one seems to have too much controversy. As the other poster has stated, I dont have any need to post here either since I am not an investor in this stock. Hopefully I will find a few stocks to invest in.
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Actually, they are already sending me samples, and I requested a price list and brochures too, so if nobody has called before I get everything, I'll post it for ya.
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