quote:Originally posted by Doctoall: Thanks Chopper now let's see a run And 5 stars to you for this post.
Well, it's a reassuring PR and I claim no expertise in predicting how the market will react (and knowing how MM's can manipulate the market, "the market" reaction is distorted.)
However--I see some posters here and elsewhere heading this as "retirement of shares/buyback" but of course the PR states only that they will do this IF it becomes necessary.
Secondly, the PR is odd in that it doesn't address the fact that PLNI said at last week's conference it *would* do a R/S split at some point. Glad to see they now are committed to not doing that ("based on projected earnings," which is a perfectly reasonable way to put it) but you shouldn't tap-dance around the issue.
On confronting the issue, I give the PR a B-. In terms of how it will play out the rest of the day, I give it an "I have no freakin' idea."
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
great pr to the point thank you chopper for all your hard work now let the games begin
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
how can they announce they are presenting at that conference (summit) and everyone is waiting on the edge of their seats to hear how it went and they never have a PR talking about the conference and how they were recieved, that was a huge build up and let down imo they needed to give us feed back on that
Posts: 103 | Registered: Jun 2005
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quote:Originally posted by netinvestor: how can they announce they are presenting at that conference (summit) and everyone is waiting on the edge of their seats to hear how it went and they never have a PR talking about the conference and how they were recieved, that was a huge build up and let down imo they needed to give us feed back on that
I dunno--would that really be an impressive announcement? Naturally any company presenting there would say they were well-received, and anyone reading the PR would think such a statement would be self-serving.
I think right now, PLNI is issuing PRs to avoid unwarranted panic-driven selloffs as we approach the kind of hard news that really will drive the pps: Finishing the audit and landing contracts.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
I tend to agree with you State. This announcement blows anything they could have printed about the conferance totally out of the water.
quote:Originally posted by state780:
quote:Originally posted by netinvestor: how can they announce they are presenting at that conference (summit) and everyone is waiting on the edge of their seats to hear how it went and they never have a PR talking about the conference and how they were recieved, that was a huge build up and let down imo they needed to give us feed back on that
I dunno--would that really be an impressive announcement? Naturally any company presenting there would say they were well-received, and anyone reading the PR would think such a statement would be self-serving.
I think right now, PLNI is issuing PRs to avoid unwarranted panic-driven selloffs as we approach the kind of hard news that really will drive the pps: Finishing the audit and landing contracts.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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Based on potential sales and earnings, Plasticon expects number of shares issued and outstanding will be in line with projected growth, therefore eliminating the need for reverse split
The Green Baron Report was happy to learn today that May Focus Stock Plasticon does not have any plans to reverse split the stock. This is welcome news and removes any doubt we had that the stock should continue to rise rapidly. Over the weekend, we stated, “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 are hopeful that our commentary quelled the fear of dumping based on mindless rumors and fear.
The added commentary from CEO Jim Turek should send PLNI to new highs since our profile last month. He understands and supports the need for a reduction in shares outstanding, and is one of the few CEOs in the world that is actually willing to retire his own personal shares for the good of the overall company and its shareholders. He also is interested in share buybacks as well, which would be a great idea since sales and earnings appear to be on the brink of an explosion.
Lexington, Kentucky, June 17, 2005 -- Plasticon International Inc. (Pink Sheets - PLNI) today announced that there are no plans for a reverse stock split based on projected sales and earnings.
“A reverse stock split is absolutely off the table,” said Jim Turek, President and CEO of Plasticon International, Inc. Mr. Turek added that should it be necessary to reduce the number of issued and outstanding shares, management is committed to both retiring its own personal shares and the company is committed to buying back shares as well.
“Our sales and earnings potential is the key driver for our company, and we expect an adequate number of shares as we move forward,” Mr. Turek said. “The market potential for our three main product lines – rebar supports, transportation signage, and plastic lumber – is so enormous that a reverse stock split is not required. Rebar supports is a $25 billion per year industry. Transportation signage is a $20 billion industry in the U.S. alone. And plastic lumber sales, which have been rising at a rate of 40% per year, are increasingly gaining market share. We are strategically positioned to become the dominant force and to profit from our product innovations as recycled plastic continues to gain acceptance as the industry standard material for these applications. Increased government regulation, the skyrocketing price of steel, and Plasticon’s cost-effective, superior products all combine to position Plasticon for continued profitability.”
Plasticon International recently announced that as of the second quarter of 2005, the company is profitable. “This is really a thrilling time for us because the world is catching up to our vision. The assumption now is that companies should be environmentally-friendly. We’ve proven that not only is it the right thing to do, it’s the profitable thing to do. We look forward to continuing to provide value to our customers, the public and our shareholders.”
Mr. Turek emphasized that after years of laying the foundation of the company, through research and development, product innovations, patent approvals, and applying for and receiving DOT acceptance in all 50 states, Plasticon is now reaping the fruits of its labor. “I believe that the most important trait in business is persistence. With the help of our dedicated, distinguished management team, we built a great base and now we are ready to move into the next phase, which is our aggressive sales and marketing rollout. We are just beginning to see the impact of our exclusive contract with the largest building materials distribution company in the U.S. That contract now makes us the largest supplier of rebar supports in the country. We are also ramping up our global sales and marketing efforts and we certainly expect exponential growth with our major product lines in the near future.”
For more information, please visit Plasticon International online at www.plasticonintl.com.
About Plasticon International, Inc.
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.
Plasticon International, Inc.:
Jim Turek, President and CEO
3166 Custer Drive, Suite 101 Lexington, Kentucky 40517 web site: www.plasticonintl.com
Contact Investor Relations:
Bill Howe
Ph: 800-889-0915
-------------------- You can't argue with idiots, they drag you down to their level and beat you with experience. Posts: 713 | From: MD | Registered: Jan 2005
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quote:Originally posted by netinvestor: how can they announce they are presenting at that conference (summit) and everyone is waiting on the edge of their seats to hear how it went and they never have a PR talking about the conference and how they were recieved, that was a huge build up and let down imo they needed to give us feed back on that
I dunno--would that really be an impressive announcement? Naturally any company presenting there would say they were well-received, and anyone reading the PR would think such a statement would be self-serving.
I think right now, PLNI is issuing PRs to avoid unwarranted panic-driven selloffs as we approach the kind of hard news that really will drive the pps: Finishing the audit and landing contracts.
you are right but the point is everyone is sitting back waiting for the conference and it would have been nice to hear something about it, obvious no one is going to say "it went bad, it doesnt look good for us" but I would rather hear it went well, than to hear PRs that are trying to stomp out rumors from public forums jmho
Posts: 103 | Registered: Jun 2005
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posted
good post, '780...I think some of those "conferences" are sort of obligatory fluff-type deals. The main thing: r/s talk goes away, focus is "supports," no confusion about "plastic rebar." Focus is good...
posted
glad i stuck with this stock and didn't panic. will be staying for long term, this should provide me with a good return in the future. what happen to pens? Maybe the pressure got to him and he bail out?
Posts: 785 | From: la | Registered: May 2005
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posted
I have about a million shares and I'll admit that I was worried. I've removed my sale orders for small climbs and I'll ride this baby to the moon.
Posts: 104 | Registered: May 2005
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quote:you are right but the point is everyone is sitting back waiting for the conference and it would have been nice to hear something about it, obvious no one is going to say "it went bad, it doesnt look good for us" but I would rather hear it went well, than to hear PRs that are trying to stomp out rumors from public forums jmho
Yeah, opinions differ, JMHO too. I think the reason today's PR was important was that it refuted a statement made by PLNI itself (at the conference re R/S) rather than a mere rumor.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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quote:Originally posted by $Keith$: to bad even with this reassurance PR on no R/S we still won't hit .02
what will it take to hit .02???
That's easy! finished, audited financials that verify the profits, and new contracts.
Both of which I expect.
Today's PR is a pledge that something bad will not happen, as opposed to independent (audited) confirmation that good things are happening.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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quote:you are right but the point is everyone is sitting back waiting for the conference and it would have been nice to hear something about it, obvious no one is going to say "it went bad, it doesnt look good for us" but I would rather hear it went well, than to hear PRs that are trying to stomp out rumors from public forums jmho
Yeah, opinions differ, JMHO too. I think the reason today's PR was important was that it refuted a statement made by PLNI itself (at the conference re R/S) rather than a mere rumor.
bill howe seemed a little nervous at the conference so i think the r/s thingy kinda slipped out. Even I say things I don't mean if I had to talk in front of a crowd.
Posts: 785 | From: la | Registered: May 2005
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posted
I have said it and will say it again>>>>>> Put them away and come back in a year and see what you have!!! I think you will be more than happy! GLTA
Posts: 952 | From: OH | Registered: Apr 2005
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posted
Well, when this stock starts to go, it will be a chasing game for those not holding a bunch already. Hyping is not my thing, but this is a serious stock-company with a serious product.
Now that everyone knows there won't be a reverse split, confidence can continue to build. I agree with Rags, .02 will happen in a blink.
Is this a $1+ stock someday soon? That might be the real question here.
Posts: 1035 | From: Ohio - USA | Registered: Apr 2005
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quote:Originally posted by net10708: Well, when this stock starts to go, it will be a chasing game for those not holding a bunch already. Hyping is not my thing, but this is a serious stock-company with a serious product.
Now that everyone knows there won't be a reverse split, confidence can continue to build. I agree with Rags, .02 will happen in a blink.
Is this a $1+ stock someday soon? That might be the real question here.
Lets not think too far ahead. First let it reach .02 first. And then .03 and then .04 and then .05..... One step at a time
Posts: 785 | From: la | Registered: May 2005
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posted
well the panic started when you had a bunch of people posting different info from the same webcast, they started rumors becuase they didnt know what they were talking about, if the statement was made by them in the webcast why is it being refuted, it was just said by "mistake" or are they trying to cover it up because of panic either way the stock stays the same it seems, oh wait its up 4%, people panic on bad news and thrive on good news, yes I know a PR after the conference would have basically said it went well but for the general public thats all they need to hear for the stock to go up instead it fell because people on a forum posted rumors, well I guess I would consider it a rumor since they said today it wasnt going to happen, must have just slipped at the summit
Posts: 103 | Registered: Jun 2005
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quote:Originally posted by netinvestor: well the panic started when you had a bunch of people posting different info from the same webcast, they started rumors becuase they didnt know what they were talking about, if the statement was made by them in the webcast why is it being refuted, it was just said by "mistake" or are they trying to cover it up because of panic either way the stock stays the same it seems, oh wait its up 4%, people panic on bad news and thrive on good news, yes I know a PR after the conference would have basically said it went well but for the general public thats all they need to hear for the stock to go up instead it fell because people on a forum posted rumors, well I guess I would consider it a rumor since they said today it wasnt going to happen, must have just slipped at the summit
That is one HUGE sentence!
-------------------- You can't argue with idiots, they drag you down to their level and beat you with experience. Posts: 713 | From: MD | Registered: Jan 2005
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quote:Originally posted by netinvestor: well the panic started when you had a bunch of people posting different info from the same webcast, they started rumors becuase they didnt know what they were talking about, if the statement was made by them in the webcast why is it being refuted, it was just said by "mistake" or are they trying to cover it up because of panic either way the stock stays the same it seems, oh wait its up 4%, people panic on bad news and thrive on good news, yes I know a PR after the conference would have basically said it went well but for the general public thats all they need to hear for the stock to go up instead it fell because people on a forum posted rumors, well I guess I would consider it a rumor since they said today it wasnt going to happen, must have just slipped at the summit
That is one HUGE sentence!
LOL... its a sentence of relief
Posts: 785 | From: la | Registered: May 2005
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posted
I can't believe that EPYH PPS higher than PLNI....the MM's manipulate this stock so bad I think I am going to dump my shares, EPYH did 100% today on news with just 14 million in volume...
Posts: 1052 | From: Coventry, RI, USA | Registered: Dec 2004
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quote:Originally posted by $Keith$: I can't believe that EPYH PPS higher than PLNI....the MM's manipulate this stock so bad I think I am going to dump my shares, EPYH did 100% today on news with just 14 million in volume...
i thought you already dumped your shares
Posts: 785 | From: la | Registered: May 2005
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posted
no I have been holding for a while...just getting frustrated with no movement whatsoever...
Posts: 1052 | From: Coventry, RI, USA | Registered: Dec 2004
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quote:Originally posted by $Keith$: no I have been holding for a while...just getting frustrated with no movement whatsoever...
don't worry Keith, this is a long term stock...lots of good news ahead..just put this stock in a closet and open it up again in a year...Save yourself some stress and aging.
Posts: 785 | From: la | Registered: May 2005
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posted
take a look at EPYH thats the way a stock should move on good news...PLNI has had many great PR's in the last 2 weeks and has not went anywhere!!!!
Posts: 1052 | From: Coventry, RI, USA | Registered: Dec 2004
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quote:Originally posted by netinvestor: well the panic started when you had a bunch of people posting different info from the same webcast, they started rumors becuase they didnt know what they were talking about, if the statement was made by them in the webcast why is it being refuted, it was just said by "mistake" or are they trying to cover it up because of panic either way the stock stays the same it seems, oh wait its up 4%, people panic on bad news and thrive on good news, yes I know a PR after the conference would have basically said it went well but for the general public thats all they need to hear for the stock to go up instead it fell because people on a forum posted rumors, well I guess I would consider it a rumor since they said today it wasnt going to happen, must have just slipped at the summit
This will be my last post on the subject (today!) because it's somewhat yesterday's news. But this shows why PLNI's PR gets a B-. It permits clouding of due diligence, with people saying the R/S issue was a rumor. This muddying of the waters makes it very hard to separate fact from fiction going forward, and will prompt some investors to throw up their hands and walk away with the feeling they can't get to the bottom of PLNI. Eventually the webcast will be hard to track down and anyone saying PLNI itself mentioned an R/S will be condemned as a basher.
To recap, PLNI itself said a R/S was in the offing, connected with going to OTCBB. Anyone wishing to clarify this need only listen to the webcast, as I have, and as others have. One poster with true integrity yesterday posted something a little vague about that statement, then went and listed to the webcast and reported what everybody who's listened to it: yeah, they said that.
If PLNI's own talk of a R/S deserves the term "rumor," it is a new definition of the word.
With today's PR, PLNI has pledged not to conduct a R/S based on projected earnings. That is good, and I am still confident in PLNI, the company. Its PR operation is not quite ready for prime time. In the long run that won't matter because of the company's fundamentals. In the short run it will add some dips to the roller-coaster ride. PLNI is a fantastic stock for those with some patience.
Anyway enjoy the moment; we're at .0151 X .0152
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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quote:Originally posted by $Keith$: take a look at EPYH thats the way a stock should move on good news...PLNI has had many great PR's in the last 2 weeks and has not went anywhere!!!!
don't tell me you're going to buy epyh when it is high..
Posts: 785 | From: la | Registered: May 2005
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