posted
heres an answer to today's funny trading, from allstocks...bummer for squatch...
Hey John,
The weird trading was on me today in PLNI. I went to purchase 5 million shares and they ran it up to 0.0162 and immediately dropped it down to 0.015 after the 860000 trade of my fourth million.
Who do I call? I have all the times orders, partial amounts, and cancelled orders. I stopped at 4 million because it was obvious I was being screwed. At least 4 times they did not honor the quoted amount and partial me.
posted
Did anyone else get PLNI flyer in the mail today? very nice { plastic coated ) 4 page company info spread that is eye catching... could be the reason for that movement... Never had a pink mail me something like this before and if they are trying to get me to buy more PLNI, IT WORKED!!!
-------------------- If only I knew then what I know now
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posted
Young... Yes, I got my flyer. I was impressed. I'm not sure if this is a mass mailing or sent to targeted folks...but...nice...very nice.
quote:Originally posted by youngface: Did anyone else get PLNI flyer in the mail today? very nice { plastic coated ) 4 page company info spread that is eye catching... could be the reason for that movement... Never had a pink mail me something like this before and if they are trying to get me to buy more PLNI, IT WORKED!!!
quote:Originally posted by youngface: Did anyone else get PLNI flyer in the mail today? very nice { plastic coated ) 4 page company info spread that is eye catching... could be the reason for that movement... Never had a pink mail me something like this before and if they are trying to get me to buy more PLNI, IT WORKED!!!
yep, I got that too, today. It's been making the rounds. Didn't have anything to do with the movement though.
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posted
It may not have caused anything but you get the message that they do care about their stock... I think I need to unload some other stuff and get me some more plastic...it's going to run one of these days...
-------------------- If only I knew then what I know now
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posted
ou know that Matt comment about the OS issue has been bothering me, as I remember the poster said Matt re-affirmed the 2.4B figure a number of times.
Witht he other info. that ccame out yesterday about Matt's comments on n-shorts, I just had one of those "moments."
I am wondering if Matt was not quoting from some study they had done where the "effective" OS was 2.4B based on n-shorts. Obviously, if you have been diluting, and you hire an IR firm to get you out of it, then for the VPP of that firm to quote and affirm the very number you hired him to hide just plain don't make sense.
All I know is that yesterday was very very weird. The low volume we have had and the loss of new interest in LNI as shown by boardcentral dot com is all indicative that those of us holding are holding "long" -- at least until the next run, and downticks will likely come from those who just give up waiting for news -- market driven downticks, anyway.
I (and all of us) have seem tons of obvious manipulation going on. Hell, just watch any pink chart for a while and you can't help but miss it. But yesterday's PLNI chart was out of the norm. We did two swings of .0018 in the day on a volume just barely over 2% of average.
1) Matt's comments on OS 2) Matt's reported comments about consolodating n-shorts and why BAC was retained 3) Yesterday's activity
These things all seem related to me -- they are on the edge of my mind with no really clear correlation, but to put it as best I can, my "spidey sense is tingling" about this.
I don't really know if it is good or bad -- logic would seem to indicate that if they can "clean up Dodge" a little bit, then it will be good.
I only have four stars, now, so don't payno momind to what I am saying. He, he seriously though I am really not saying anything here except putting food for thought on the table for those more knowledgeable than I.
To me, though, there is significance in this chain of events.
At first, I looked at PLNI like a run opp -- like a ICMH or an IGTN (SSTY or a hundred others). Then I started to think maybe it was a Pum-and-dump (as some have claimed was organized by FOT on this issue) and I/we were being set up as bag-holders. Obviously, all the missed deadlines and rumors of high floats kinda helped pull all of that together.
I didn't sell anything, and then yesterday happened. I clearly admit I can't put my finger on it, but I am pretty intuitive, and I am really getting the feeling that soemthing is up. Don't know enough to say if it is good or bad.
I alos happen to think that -- even if this was at one time a P&D scheme, the company is strong and actually a viable long-term hold -- unusual for a pink. I might not be able to keep an investment as large as I presently hold in this issue for a long time, but I intend to maintain a sizeable (for me anyway) long-term position until I get something concrete telling me to yank.
What do you guys think about yesterday and the news of BAC's purpose of investgating and consolodating n-shorts? Do you think they are at all related?
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posted
i have been in plni i believe since april i do not have the same position i had then i only have 1 million shares left imho this stock giving all the good fundamentals aside from audit shuold imo be trading at .03 pps but it has never got there so i may fell there is a nss problem i don't know but i am sick of holding and waiting it is not my nature or oersona to do so. glta
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Poster from RB said that he was buying 5 million shares yesterday and just gave up at 4 million. Due to the MM's running the price up on him. The thing not to do is buy Huge lot's as it will drive the price up leaving huge gaps. I have only been able to get away with that in a run. That was a reasonable explanation why the mm's kept moving the ask up and down like a yoyo. Wish I had level 1's on this puppy. I believe we are almost there with this stock and I'm holding Longgggggggggg.
GLTA
-------------------- It will run when you least expect it. :)
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posted
Plasticon's Acquisition of Pro Mold Inc. to Increase Production Capacity to an Estimated $20 Million
LEXINGTON, Ky., Aug 10, 2005 (PRIMEZONE via COMTEX) -- Plasticon International Inc. (Pink Sheets:PLNI) announced today that the company has completed primary due diligence on the acquisition of Pro Mold, Inc., one of the premier injection molding facilities in the Midwest. The privately financed acquisition (with no dilution for PLNI shareholders) will dramatically increase Plasticon's production capacity to $20 million in manufacturing and sales annually for this facility alone. Said Jim Turek, President and CEO of Plasticon International, Inc., "As we continue to increase our sales and as demand continues to rise, this acquisition will be critically important in terms of fulfilling our obligations to the growing needs of our clients. We look forward to welcoming Pro Mold, Inc. to our team and working with the seasoned senior management at Pro Mold, who will be retained as part of this deal.
"Our legal counsel has just completed the initial due diligence on Pro Mold and has given us the green light with the acquisition, pending completion of Pro Mold's audit which should be finished in less than 30 days," continued Mr. Turek. "We are happy that this process has moved forward expeditiously, and we have set a tentative closing date for the first week in September."
According to Mr. Turek, the acquisition was necessary to meet the growing demand for recycled plastic products in the construction industry. "This acquisition is essential to the growth of Plasticon International," he said. "We are experiencing the strongest growth in the history of the company. We attribute this to several factors including the rising price of steel, which has created a major shift in the construction industry away from steel and towards recycled plastic, and the fact that our products are stronger, more durable, more versatile and more cost-effective than metal rebar support products."
Pro Mold, Inc., a state-of-art custom plastic injection molder of thermoplastic materials in St. Louis, Missouri, has been in business since 1987. "We are thrilled about this acquisition because not only does it allow us to considerably increase our production capacity, it also allows us to ensure that we continue to deliver the highest quality products to our customers," Mr. Turek said.
For more information, please visit Plasticon International online at www.plasticonintl.com or contact 1 866 THE APPL(E).
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posted
Nice regurgitation of the last PR -- notice it is a lot more polished. Also, "tentative" is used. Hopefully, they will stick to it. This company really needs to start living up to its timelines, and I am hoping (and thinking) that BAC will keep things real.
Hope this is the first of many, but think it will go sideways. We need contract info. or audit info. to get this thing moving. If the "action" from yesterday was related to this, then it was a boner IMO
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quote:Originally posted by Homerunner: Plasticon's Acquisition of Pro Mold Inc. to Increase Production Capacity to an Estimated $20 Million
LEXINGTON, Ky., Aug 10, 2005 (PRIMEZONE via COMTEX) -- Plasticon International Inc. (Pink Sheets:PLNI) announced today that the company has completed primary due diligence on the acquisition of Pro Mold, Inc., one of the premier injection molding facilities in the Midwest. ...
zzzzz
The headline shoud have said something about legal counsel satisfactorily completing due diligence for the acquisition. That's the only new thing in this very soft PR.
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posted
my understanding to a wide spread is that the dealers r confused them selves, they r not sure about the information that they have or think that someone might have some information that they don't know so they do a wide spread to confuse the buyers
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quote:Originally posted by THE SHNAKER ATTACKER: my understanding to a wide spread is that the dealers r confused them selves, they r not sure about the information that they have or think that someone might have some information that they don't know so they do a wide spread to confuse the buyers
Wide spreads are typical of low-volume stocks--very common in pinkyland. MMs in those cases will only take on the risk of trading pinks they might otherwise get stuck with with a big, higher-profit-generating spread.
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