quote:Originally posted by corndo: An intentional plant to...confuse the masses? Or to inspire a rally in US Plastic Lumber's stock? I don't know...
no, not confuse...ummm, "mollify" .... maybe?
I dunno--just strikes me the timing...
Matt/Apple comes on board after helping HISC get its run together, next thing you know folks are downloading the biz plan. I mean, you don't "accidentally" post something--it's not like unintentionally leaving a copy on the desk...
Logically? Simply because one event precedes another does not show cause/effect...but the timing is, shall we say, fortuitous, yes?
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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Can somone please upload the business plan somewhere and post a link to download?... I wasn't able to look at it yet, and it's been removed from Plasticon's website.
posted
Plasticon will sign a letter of intent to acquire US Plastic Lumber www.usplasticlumber.com/ This transaction has been agreed upon in principal, a letter of intent will be signed this month. 5) Georgia Pacific has requested Plasticon begin supplying GP with plastic lumber."
Is this true and if so when does this start?
-------------------- If all goes well then great, if not, make it work. Posts: 2562 | From: Louisville, KY | Registered: Feb 2005
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Guys, reading through the us plastic lumber website it is obious that they are currently in chapter 11 bankruptcy. "USPL filed for protection under the provisions of Chapter 11 of the bankruptcy code on July 23, 2004 and is in the process of putting together its reorganization plan." They would appear to be still in bankruptcy since the websight does not mention release.
Is it possible that no dilution took place for prior acquisitions as stated in the prior press releases but dilution was undertaken to buy out USPL from bankrutcy? Obviously USPL is selling off assets as part of its reorganization. Maybe they cannot get a plan of reorganization approved by the judge and they will be converting to a straight liquidation with PLNI acquiring the remaining assets and operations.
Just a guess but does seem logical if the business plan is coming true.
Posts: 81 | From: Tennessee | Registered: Mar 2005
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i got the id and password from RB but it says the bandwidth was exceeded therefore it did not download. Anyone here have a copy that maybe they can send thru messenger.
Posts: 785 | From: la | Registered: May 2005
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quote:Originally posted by George: Plasticon will sign a letter of intent to acquire US Plastic Lumber www.usplasticlumber.com/ This transaction has been agreed upon in principal, a letter of intent will be signed this month. 5) Georgia Pacific has requested Plasticon begin supplying GP with plastic lumber."
Is this true and if so when does this start?
US Plastic Lumber is publicly traded and any internal negotiations to take them over should not have been selectively released to PLNI shareholders. This could present legal problems for Plasticon, plus it could complicate or kill the transaction, IMO.
The password protection only works if no one publishes the info on the web. They could have prevented this problem by requiring shareholders to sign an NDA before giving out the passwords. Even then, sensitive info re negotiatings in progress should remain confidential.
I hope USPL issues a PR prior to trading on Monday or this could get sticky. No reaction to leak in Friday's trading with the stock unchanged on 15,200 shares. On Thursday, the stock dropped slightly on decent volume.
I'd like to see a PR soon announcing the addition of some talented, well connected [in construction] management. An advisory board and an expanded Board of Directors would help too. This company has a great story to tell, but they need to beef up on management or risk making careless mistakes.
FWIW, USPL has a market cap of $2.9 Million [50M shares X 0.045 pps] according to Marketwatch [take with a grain of salt]. That would equate to 200 Million shares of PLNI.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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My criticism regarding the release of the US Lumber negotiations is directed at the company, not at anyone who posted the info here or on RB. Its the responsibility of the company to control the availability of that information. Once they put it in the BP without an NDA or confidentiality statements in the document, its public domain.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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Ok so call me ignorant, (won't be the first time, won't be the last) but what does all this mean to our current price level here on PLNI? Sitting tight on my 4 million shares but getting edgy.....should I worry or be happy?? I JUST GOTTA KNOW MAN! lol
Posts: 210 | From: Seattle, Washington | Registered: Apr 2005
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quote:Originally posted by SeattleWriter3d: Ok so call me ignorant, (won't be the first time, won't be the last) but what does all this mean to our current price level here on PLNI? Sitting tight on my 4 million shares but getting edgy.....should I worry or be happy?? I JUST GOTTA KNOW MAN! lol
I think this will bring up the pps. This month and next month is looking really good, really really good. The highway bill will open up many more opportunities. If I was on the sidelines, I would buy right now. It's not getting any lower than the current pps. $$$$$$$
Posts: 785 | From: la | Registered: May 2005
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I hope you are right Rags but I got to my current 4 million position by buying on the dips. I would sell HISC when it would run up and buy PLNI when it went down, then sell PLNI when it went up and buy HISC when it went down. If PLNI does dip, I will add to my position but I am certainly ready for it to take off ala HISC and hit some new hights. Trust me, I am very long on this one, have been since sub-penny but have just kept adding to my position.
Posts: 210 | From: Seattle, Washington | Registered: Apr 2005
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SW3 You're mighty brave. A flip of either HISC or PLNI is a risky move with all of the news that is coming/has come out for these two. Aren't you afrid of being out of holding position if/when a POP occurs. Wow. nerves of steel...
-------------------- speak from your heart, invest from experience... Posts: 261 | From: Dallas | Registered: May 2005
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Oh heck yeah I'm scared to death each time I do it Corndo! But my true gamble was with PLNI because I was betting on the Audit not being released so took a chance to buy HISC when it dipped. I don't feel as worried when I sell HISC because I only have a million shares of it whereas I have 4 million in PLNI and am banking on it hitting a minimum of .02 in the very near future. But because of all the buying and selling, I have managed to up both of my positions on them, so it has paid off. Not looking to sell either of them in the near future, but if for some reason HISC were to drop down to .07 again, I would have to gamble on selling PLNI again to buy because it's just way too tempting. So far, my luck has held (knock on wood...my HEAD)
Posts: 210 | From: Seattle, Washington | Registered: Apr 2005
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Hmm... SW3: you may want to consider this folowing post (re-posted from the RB, so take it as you will)
LONGS PLEASE READ: I just spoke with Matt at Big Apple again. I expressed concern with the share price and mm manipulation and that PLNI was currently undervalued. He responded by saying that with PLNI's current number of outstanding shares it may NOT be undervalued, but look for that to change soon. I told him I felt that the share structure was number 2 behing the audit in terms of raising PPS and he disagreed. He said audit is one, Semco is two, and share structure is three. I asked him if we could see a change in the share structure in the next couple of months and he said it will be MUCH sooner than that. He really emphasized the word much. He also added that it will be done WITHOUT a reverse split. I couldn't get him to give me a target PPS because i am an investor and because Big Apple are shareholders and are planning on buying more. Also mentioned that PLNI is currently talking to some big players (again with emphasis). I then asked him about the piggyback status helping expediate the move to the OTCBB and he said he didn't think it would mean much. In his experience he has seen companies approved in under 30 days and other companies are NEVER approved because their audits and paperwork weren't done well enough. Phew. Hope this information helps someone.
- I like this Matt guy. Either he knows everything and is just earning his pay by keeping the carrot just..so..far...or he doesn't know what he's talkng about. I'll go with the first and will HOLD until all hints become reality.
-corndo-
-------------------- speak from your heart, invest from experience... Posts: 261 | From: Dallas | Registered: May 2005
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Thanks for the info but stocks are like gambling, if it wasn't gambling they would call it a sure thing. I would only sell if HISC took a dramatic drop and I needed the funds to take advantage. Last HISC drop dipped to .07 and ran up to .11 the next day and I have to take advantage of dips like that. I'm all for making money long term hold but at the same time also like to make quick flips for money. I don't sell all of my position or even a majority of it just free up a few grand to buy other stocks for a quick turn around but I do appreciate the information.
Posts: 210 | From: Seattle, Washington | Registered: Apr 2005
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-------------------- Current penny stocks owned: PLNI, VWKM, AMHD. And yet none of them are moving anywhere.... Posts: 401 | From: Iowa | Registered: May 2005
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quote:Originally posted by Bearclaw: My L2's show all orders closed.
quote:Originally posted by George: No one buying today? or is it no one is selling?
Not mine. The pinksheet thingy is working again at the plasticon website. (it was broken for a few minutes)
It shows two bids at 145 and one ask at 146. My ameritrade streamer shows 4 million plus in volume, and I imagine a buy since I'm up slightly with last transaction at .0146. pinksheet l2 at the plasticon website shows zero volume, but that alwasy lags my streamer a bit.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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quote:Originally posted by RagsToRiches: quiet day on this thread
from another board
>>Spoke with Matt. He said PLNI knows they need to address a number of issues via PR. and he said they will but cannot tell ma a date when those PRs will be released.<<
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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