There is nothing boring about receiving a subpoena from the SEC requesting all of your trading, phone and email records....
good luck
quote:Originally posted by Bearclaw: Worm... Your treading water now...arms getting tired? I'm tiring of you...Your much more more boring than I thought you might be...Old information plowed through over and over to deflect the real issue here...Your Behavior and your activities...in collusion with others...
Why would anyone in their right mind ever try to recruit a person that is so dishonest and greedy like yourself?
There is no organized "gang" here?
Every day many investors open their eyes and realize what kind of company PLNI is...they then begin to post about their disappointment....an example of this action is what happened when the 3.7 billion figure was released by pinksheets.com...total disappointment for the many investors that believed in this company...
quote:Originally posted by Bearclaw: Worm... So your...your own moderator...no one to set boundaries for you...well hell that expains as lot...
No I don't think it's a good idea to talk with you right now...I'm afraid you'll try to recruit me since I caught you with you pants down...and now Stock Jockey...You know...Like the geeks who put a virus into a company computer and then the company recruits them to get them to stop...I have a job thanks...
posted
Worm... Ooops...football now but....Forgot to post this from your Web Site...Just so folks understand what they will find over there...With no one to check on you then your enabled to get out of control whenever the mood strikes you...
the_worm06 Thoughts, Comments and Research on Publicly Traded Companies
[PLNI]: Remember the "Save this Post" messages from this blog? [PLNI]: More false and misleading statements from an admitted PLNI short term trader [PLNI]: "Not Good" [PLNI:The words of a disappointed long time Plasticon investor [PLNI]: The "Truly Despicable" Mr. Pumpy the Paid Promoter [PLNI]: 3.7 Billion shares outstanding - Float of 2.3 Billion shares [PLNI]: Updated Plasticon Common Shares Outstanding [PLNI]: What will happen when Plasticon finally files a Registration Statement or Audited Financials with the SEC? [PLNI]: The insults continue by Mr. Pumpy the Paid Promoter [PLNI]: Save this post for when the new common shares outstanding are listed on Pinksheets.com - the misleading statements continue
Sunday, February 05, 2006 [PLNI]: The Greed and Dishonesty of a Short Term Trader
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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The old guilt by association ploy...the old when guilty put the guilt somewhere else to deflect ploy...Are you kidding me...I had really thought you had more..
Just answer the questions we asked so we can move on...Who told you, when, their names and phone numbers...The Transfer Angent and the other person who gave you the information about the TA...I just want to know when you knew what and who else knew...I already know when...so the who is really all I need... Come on Worm...get some kahoonas...
theW Member
Rate Member posted February 05, 2006 04:56 PM -------------------------------------------------------------------------------- Bearclaw
Excellent post....
but you forgot to copy this post from the_worm06 blog:
The CEO mentioned was convicted of stock fraud and stock manipulation for, among other things, issuing press releases that falsely stated that they were on a stock buyback program, while at the same time issuing millions of shares. He received 8 years in jail.
By any chance do you think that the same people that convicted the CEO and noticed that jmhollen was a consultant, promoter and business associate of the convicted CEO will not review what PLNI has done here?
Like I said, you might want to begin to delete your emails to and form jmhollen and his buddy rrm.
You might also want to limit your communications with these two promoters because you never know what authorities might be listening in....
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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Worm... Please post the name of the Transfer Agent who informed you of the share count in December, the exact date you were informed and his phone number...that information was posted on your website during Chrismas...
Posted by the Worm: "most Transfer Agents are authorized to give out the latest outstanding share count. In fact, many companies prefer this method of releasing those updated figures to the public than using the company resources.
A gagged TA is one of the first red flags of potential trouble in the future with a company.
What is amazing in this situation, is that it has actually taken potential threats to remove the PLNI Level II quotes from pinksheets.com to get PLNI to release the shares outstanding to pinksheets.com IN WRITING.
I believe that the release of the December 7, 2005 figure of 2.3 billion shares outstanding actually took almost a month from the time of the first request from pinksheets.com." -------------------------------------------------------------------------------- Posts: 1875 | From: Knoxville | Registered: Jun 2004 | IP: Logged |
posted February 05, 2006 03:46 PM -------------------------------------------------------------------------------- Worm...
Did you contact the SEC official? Please provide that officials name, the date the SEC was informed and phone number to folks on this blog...
Posted by the Worm: Regarding your statement: "Imagine what you could do if you knew the new share numbers weeks ahead of time" - Yes...what was done was to contact the SEC and let them know immediately of the 3.7 bilion figure, in addition to the PLNI press releases stating that PLNI was in a share buyback mode. So, the SEC knew of the 3.7 billion figure before pinksheets.com published it late this week. By any chance do you think that the same SEC enforcement people that were involved in charging one of PLNI promoters with violations of SEC regulations were the ones informed of the 3.7 billion?
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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This is not a guilty by association ploy...this is the PROMOTER of one of the biggest scams that came from the west coast in years...Do you really think that jmhollen is not in the radar of the SEC and US Attorney's Office?
and now, especially that he is involved with another promoter that was charged by the SEC in 1999?
regarding the 3.7 figure, you have been answered...and oh..by the way...your dates are way off..
quote:Originally posted by Bearclaw: Worm...
The old guilt by association ploy...the old when guilty put the guilt somewhere else to deflect ploy...Are you kidding me...I had really thought you had more..
Just answer the questions we asked so we can move on...Who told you, when, their names and phone numbers...The Transfer Angent and the other person who gave you the information about the TA...I just want to know when you knew what and who else knew...I already know when...so the who is really all I need... Come on Worm...get some kahoonas...
theW Member
Rate Member posted February 05, 2006 04:56 PM -------------------------------------------------------------------------------- Bearclaw
Excellent post....
but you forgot to copy this post from the_worm06 blog:
The CEO mentioned was convicted of stock fraud and stock manipulation for, among other things, issuing press releases that falsely stated that they were on a stock buyback program, while at the same time issuing millions of shares. He received 8 years in jail.
By any chance do you think that the same people that convicted the CEO and noticed that jmhollen was a consultant, promoter and business associate of the convicted CEO will not review what PLNI has done here?
Like I said, you might want to begin to delete your emails to and form jmhollen and his buddy rrm.
You might also want to limit your communications with these two promoters because you never know what authorities might be listening in....
sorry, but you have been answered...if you think that it was posted on the_worm06 blog in December, then please use that information...the only problem is that it wasn't...
quote:Originally posted by Bearclaw: Second request from the Bearclaw...
Worm... Please post the name of the Transfer Agent who informed you of the share count in December, the exact date you were informed and his phone number...that information was posted on your website during Chrismas...
Posted by the Worm: "most Transfer Agents are authorized to give out the latest outstanding share count. In fact, many companies prefer this method of releasing those updated figures to the public than using the company resources.
A gagged TA is one of the first red flags of potential trouble in the future with a company.
What is amazing in this situation, is that it has actually taken potential threats to remove the PLNI Level II quotes from pinksheets.com to get PLNI to release the shares outstanding to pinksheets.com IN WRITING.
I believe that the release of the December 7, 2005 figure of 2.3 billion shares outstanding actually took almost a month from the time of the first request from pinksheets.com." -------------------------------------------------------------------------------- Posts: 1875 | From: Knoxville | Registered: Jun 2004 | IP: Logged |
posted February 05, 2006 03:46 PM -------------------------------------------------------------------------------- Worm...
Did you contact the SEC official? Please provide that officials name, the date the SEC was informed and phone number to folks on this blog...
Posted by the Worm: Regarding your statement: "Imagine what you could do if you knew the new share numbers weeks ahead of time" - Yes...what was done was to contact the SEC and let them know immediately of the 3.7 bilion figure, in addition to the PLNI press releases stating that PLNI was in a share buyback mode. So, the SEC knew of the 3.7 billion figure before pinksheets.com published it late this week. By any chance do you think that the same SEC enforcement people that were involved in charging one of PLNI promoters with violations of SEC regulations were the ones informed of the 3.7 billion?
I have no idea what this is about...Whatever it is it has nothing to do with the information I asked you...At least I think so...does it? Wait a minute...is there a reason your bringing this person up other than deflecting? come on...spill the beans...this is getting boring...
Also, if I have the dates wrong then please correct them as you include the other information...
Member
Rate Member posted February 05, 2006 05:08 PM -------------------------------------------------------------------------------- Bearclaw
This is not a guilty by association ploy...this is the PROMOTER of one of the biggest scams that came from the west coast in years...Do you really think that jmhollen is not in the radar of the SEC and US Attorney's Office?
and now, especially that he is involved with another promoter that was charged by the SEC in 1999?
regarding the 3.7 figure, you have been answered...and oh..by the way...your dates are way off..
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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1. A company issues press releases and public statements about being in a share buyback program.
2. The same company ends up issuing a massive amount of shares instead.
3. The CEO of the company gets convicted of stock fraud and stock manipulation.
4. The same company's promoter and consultant is jmhollen.
5. hmhollen is also a promoter of PLNI, who happens to have done the same as #1 & #2 above.
6. There is no deflection.
quote:Originally posted by Bearclaw: Geeezzzz...
I have no idea what this is about...Whatever it is it has nothing to do with the information I asked you...At least I think so...does it? Wait a minute...is there a reason your bringing this person up other than deflecting? come on...spill the beans...this is getting boring...
Also, if I have the dates wrong then please correct them as you include the other information...
Member
Rate Member posted February 05, 2006 05:08 PM -------------------------------------------------------------------------------- Bearclaw
This is not a guilty by association ploy...this is the PROMOTER of one of the biggest scams that came from the west coast in years...Do you really think that jmhollen is not in the radar of the SEC and US Attorney's Office?
and now, especially that he is involved with another promoter that was charged by the SEC in 1999?
regarding the 3.7 figure, you have been answered...and oh..by the way...your dates are way off..
I'm not going to go over this again... the deflection is from your behavior and your actions...Get it Worm?
You've bored me to no end...We'll just keep re-posting your statements along with Stockhunter and now State...thanks to StockJockeys research...The rest of it is already out to the folks it needs to be...
You know Worm...You should have let Stockhunter fix this...He doesn't fluster...I never was really able to get him to pop off...and believe me I tried hard...but...You however were easy to get angry...and you showed your arse...
The rest is up to others...not me ...and I think getting more information from you is over...You won't make that mistake again...or....maybe you will...
We're done here...your usefullness is done...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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every word, every sentence, every paragraph was meant to be posted for all people to read...
no mistake...
say, what's up with the 3.7 billion shares outstanding?....when do you think the balance of the 5 billion shares will be issued?...next week?
here is some more info for you:
there will be another "Prediction" from the_worm06 posted in the blog before the close of trading on Wednesday, February 8th.....
don't get caught with your pants down like you did on this last one...
quote:Originally posted by Bearclaw: Worm...
I'm not going to go over this again... the deflection is from your behavior and your actions...Get it Worm?
You've bored me to no end...We'll just keep re-posting your statements along with Stockhunter and now State...thanks to StockJockeys research...The rest of it is already out to the folks it needs to be...
You know Worm...You should have let Stockhunter fix this...He doesn't fluster...I never was really able to get him to pop off...and believe me I tried hard...but...You however were easy to get angry...and you showed your arse...
The rest is up to others...not me ...and I think getting more information from you is over...You won't make that mistake again...or....maybe you will...
posted
Worm... You got my attention again....Is this another attack on PLNI involving collusion or is it insider information? If you predict it for Wednesday than that means you know it now...and I thought you wouldn't peezzz on your own leg again...
"don't get caught with my pants down" .... this must mean that what you know or what you in a collusive effort will cause will effect the PPS...Hmmmm???? Not the first time you've done this I imagine???
I'll be watching carefully adolf...The Gustapo must be on the march again...but now there will be others watching...I'm only concerned about my investments in PLNI...but...Your behavior and actions draws others...Good luck with that son...
Posted by the worm:
"here is some more info for you: there will be another "Prediction" from the_worm06 posted in the blog before the close of trading on Wednesday, February 8th..... don't get caught with your pants down like you did on this last one
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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why don't you help us a little and tell us when the last "attack" occurred?
you can't, because there never was such thing
like I just posted, expect a "Prediction" by the_worm06 to be published on the_worm06 blog before the end of trading on Wednesday, feb. 8th...
good luck to you
oh...you might want to ask your buddy rrm to post several messages denying that the "Prediction" will come true, just like last Thursday, which made a total fool of him when he was absolutely wrong on the announcement of the 3.7 billion share count.
a hint:
Monday, noon EST would be considered "before the end of trading on Wed. feb. 8th".
so would Tues, 3:00pm EST
as would Wed., 10:00am EST
quote:Originally posted by Bearclaw: Worm... You got my attention again....Is this another attack on PLNI involving collusion or is it insider information? If you predict it for Wednesday than that means you know it now...and I thought you wouldn't peezzz on your own leg again...
"don't get caught with my pants down" .... this must mean that what you know or what you in a collusive effort will cause will effect the PPS...Hmmmm???? Not the first time you've done this I imagine???
I'll be watching carefully adolf...The Gustapo must be on the march again...but now there will be others watching...I'm only concerned about my investments in PLNI...but...Your behavior and actions draws others...Good luck with that son...
Posted by the worm:
"here is some more info for you: there will be another "Prediction" from the_worm06 posted in the blog before the close of trading on Wednesday, February 8th..... don't get caught with your pants down like you did on this last one
quote:Originally posted by Bearclaw: Worm... You got my attention again....Is this another attack on PLNI involving collusion or is it insider information? If you predict it for Wednesday than that means you know it now...and I thought you wouldn't peezzz on your own leg again...
"don't get caught with my pants down" .... this must mean that what you know or what you in a collusive effort will cause will effect the PPS...Hmmmm???? Not the first time you've done this I imagine???
I'll be watching carefully adolf...The Gustapo must be on the march again...but now there will be others watching...I'm only concerned about my investments in PLNI...but...Your behavior and actions draws others...Good luck with that son...
Posted by the worm:
"here is some more info for you: there will be another "Prediction" from the_worm06 posted in the blog before the close of trading on Wednesday, February 8th..... don't get caught with your pants down like you did on this last one
posted
This thread has become nothing more than a place for posters to belittle each other and argue about meaningless trash. Sorry, will, but I think its time to lock it down, ban several posters and require that namecalling and garbage posting is not allowed. Looking at the last several pages, there is not one post there that could be construed as useful to ANY investor. How about it, moderators? How long is this crap going to be allowed to be posted?
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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posted
This thread only becomes a place to argue about trash if everyone lets it become that. If nothing else, let it speak for itself, and let it illuminate the character of the posters you are referring to. Take what you like and leave what you find to be trash.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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please tell us what informatoin you would consider meaningful enough to be discussed on thread?
I have been asking Bearclaw to discuss PLNI, positive or negative, and he refuses...
quote:Originally posted by ed19363: This thread has become nothing more than a place for posters to belittle each other and argue about meaningless trash. Sorry, will, but I think its time to lock it down, ban several posters and require that namecalling and garbage posting is not allowed. Looking at the last several pages, there is not one post there that could be construed as useful to ANY investor. How about it, moderators? How long is this crap going to be allowed to be posted?
quote:Originally posted by will: This thread only becomes a place to argue about trash if everyone lets it become that. If nothing else, let it speak for itself, and let it illuminate the character of the posters you are referring to. Take what you like and leave what you find to be trash.
posted
ed, notice at the bottom of each post there is the number of post and individual has made, the date they registered, an IP Logged, and a Whistle Icon Report Post. Please use the report post feature to alert the administration of Allstocks of post you find offensive. I'm sure if they agree the will delete the post. There is just too much of an outline and blueprint of a stock that has potential to be a good example of a manipulated stock to be locked. Makes no matter if the CEO or the MM's or outside forces are responsible, I still say it should stand as an example to be look back on periodocally. Have you forgot your time, frustration, and disappointments with CMKX so soon, that you would let an ooportunity to educate newer folks to a potential pump and dump scheme, or deprive them of a chance to beware of situation that fit a certain pattern? Do you want to let people with questionable motive and character to have their post burried in the archives never to be seen again, so they can influence a new generation of investors without fear of those new people knowing how they think and operate?
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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[sidenote: Will is completely, absolutely right about not locking down/deleting this thread, imo: too many times good DD gets "hidden" by starting new threads. "History" is important; when it's scattered among several threads, it's both too easy for scammers to operate and too hard for "those who remember" to find a relevant post form the past.]
[ February 05, 2006, 23:58: Message edited by: BuyTex ]
posted
An observation about the stock from navco68 at RB (hoping to move things forward):
==========
Good point. I spoke with Apple on Friday and they said the shares were used to pay for "services" like accounting and so on. I was speaking with Jackie. I made a quick calculation that the amount from the additional shares should have generated over 7 million. I told her this makes no sense, how can you spend 7 million on services. I would have rather heard it was to buy semco. She had no answers. I hoped that when we started 2006 JT would have learned from his mistakes. We can now see thats not the case. Still, plni has great products. Lets hope they become a takeover target or get new management. ======================== Again, simply for the sake of whatever inferences people want to make, that's similar to the message consistently reported by every poster I've read who has said they called Big Apple--that Rodney or Jackie said it was for accounting and such, and I think one or two said Mapple also said attorneys. I agree that the amount of money generated by the higher float is pretty darn big for such services; others may have a different opinion.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
An incomplete answer for Tex on the TA: On more than one occasion in recent days, I've seen posts stating that PLNI's transfer agent, First American Stock Transfer Inc., does not provide share counts for any of its clients. I do not know this to be a fact. For anyone who wants to do a little DD, below is a link to their site, which includes contact info:
the category of attorneys and auditing often is a subset of "consulting" services.
consulting services often include the shares paid to paid promoters and "friends of the company".
officers and Directors of companies sometimes get paid as "consultants" and not as employees.
former owners of companies that get acquired sometimes also get paid as "consultants", and sometimes even if the acquisition is never completed, witness the millions of PLNI shares owned by one Mark Driver, the owner of a company that Wicklund claimed had entered into a letter of intent to be acquired by PLNI/Wicklund:
quote:Originally posted by state780: An observation about the stock from navco68 at RB (hoping to move things forward):
==========
Good point. I spoke with Apple on Friday and they said the shares were used to pay for "services" like accounting and so on. I was speaking with Jackie. I made a quick calculation that the amount from the additional shares should have generated over 7 million. I told her this makes no sense, how can you spend 7 million on services. I would have rather heard it was to buy semco. She had no answers. I hoped that when we started 2006 JT would have learned from his mistakes. We can now see thats not the case. Still, plni has great products. Lets hope they become a takeover target or get new management. ======================== Again, simply for the sake of whatever inferences people want to make, that's similar to the message consistently reported by every poster I've read who has said they called Big Apple--that Rodney or Jackie said it was for accounting and such, and I think one or two said Mapple also said attorneys. I agree that the amount of money generated by the higher float is pretty darn big for such services; others may have a different opinion.
2) As far as who can short this stock, or better yet, who would want to short this stock, you should look up PIPE's - Private Investment in Public Entities.
If you are asking whether PLNI has been involved in a PIPE, you only have to look as far as The Green Baron's $150,000 cash investment into PLNI in a private placement during 2005.
quote:Originally posted by BuyTex: lol, my poor lil ol questions still stand:
1) Is this TA gagged?
2) Who can short this stock?
[sidenote: Will is completely, absolutely right about not locking down/deleting this thread, imo: too many times good DD gets "hidden" by starting new threads. "History" is important; when it's scattered among several threads, it's both too easy for scammers to operate and too hard for "those who remember" to find a relevant post form the past.]
quote:Originally posted by state780: An incomplete answer for Tex on the TA: On more than one occasion in recent days, I've seen posts stating that PLNI's transfer agent, First American Stock Transfer Inc., does not provide share counts for any of its clients. I do not know this to be a fact. For anyone who wants to do a little DD, below is a link to their site, which includes contact info:
posted
1. Good question! Let me know if you find out!
2. I guess that's an opinion. I am not experienced enough to know how many TAs typically provide such figures vs. how many don't. I'm not experienced enough to know if there's a certain type of respectable pinksheet company (is that an oxymoron?) that chooses such a TA. What I do believe, based on what I've read around the net, is that a common piece of Pinksheet For Dummies advice is that it's a red flag when the TA cannot/does not provide the share count.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
btw I hear what you guys are saying about the thread. You know, there already is another PLNI thread here at allstocks, operating in an alternate universe, I think under "hot stocks" or something. It's maybe two weeks old.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
I have had a very busy weekend, just read the thread and have to weigh in on this bologna for sure.
worm you are really starting to sound like the town fool with statements like this.
"I believe that you will be informed of the names and contact numbers of the senior SEC Enforcement officials once you are subpoenaed for your trading records and your phone logs and email communications with rrm and jmhollen...so please answer the door when the Sheriff delivers the subpoena..."
What universe do you happen to live in? Do you even have a clue about trading in the penny market or any market for that matter??? If it wasn't for the daytraders, swing traders, flippers or what ever you want to call them, there would be ZERO liquidity in some of the stocks out there. Go to any one of 10,000 boards out there on the net and you will find these good folks trying to make a buck on every stock listed in ALL of the markets. You seem to think that if someone likes a stock, posts their opinion and daytrades they are the bad guys. Don't talk like an idiot, I know your much smarter than that.
We have some characters that float around the blogs that do nothing but pump a stock as they are front loading it to the hilt, run the crap out of it then sell, leaving a boat load of bag holders. Now that is criminal. But your barking up the wrong tree with Bearclaw and other board members here as they have identified some of these individuals and shut them down cold. TBLU happens to be one of these stocks that were front loaded and run a couple of times in the past 12 months by a couple of groups. Bearclaw took on the crooks like a rabid Wolverine. You pick a fight with Bearclaw and you take on a lot of his board friends.
Here are the items that you have brought to light for us.
1. You have ZERO position in PLNI. 2. You have come here Purely to pick a fight. 3. You obtained insider Share Structure information regardless how you may have used that information. 4. You distort posters statements to your needs to discredit and bully them anyway possible on your blog and several other boards. 5. You refuse to answer reasonable questons but ask those that can only be answered by people working directly for the company. 6. You use your legions of minions to spam boards with loads of ..#5 7. You accuse anyone posting about Plasticon in a positive manner pumpers and people bashing as savy investors. 8. You accuse folks of being criminal should they talk in a positive light about Plasticon and swing or daytrade. (News Flash genius; You'd have to lock up every poster on every board!) 9. You have a personal vendetta against Plasticon. 10. NO ONE uses this much energy creating a blog and spamming every board on the internet without an agenda! Period!!! You are not the Savior and there is some compensation somewhere being paid for these brutal attacks against Plasticon. 11. You use the unwitting to do your dirty work enabling you plausible deniability in case this goes south on you. 12. You do not use ONE drop of your own DD but enlist the unwitting to fill your blog after you release suggestive questions.
You sir are a Cad posing as a concerned individual.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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posted
Would someone just let me, a regular joe stockholder, know if I should stay in with this stock or not, after doing the research last week I was left with some big question marks of my own about this company and now all yall are throwing out some pretty heavy accusations. With the price back to .0061 I will only me out my trade fee since that is where I've averaged down to.
-------------------- "Man who excels at putting worm on hook is Master Baiter" Posts: 678 | From: Boise, Idaho | Registered: Nov 2005
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posted
Bobcat, despite all the insanity here, there actually is one position that people of many stripes can agree on, judging from the chatter--namely, that currently PLNI may be a good swing or momemtum play.
The risks are higher because, based simply on what I read on the boards, there is a probability that SOME traders have complained to regulatory authorities, and that's never good for a stock. What I don't know--I admit my inexperience here--is whether pinksheet stocks always are the subject of complaints anyway, and what it takes to really get the attention of, say, the SEC. But is there an added layer of risk? Yes, I think that's a fair statement.
Could the stock go up? Yes, absolutely. I am sure many of us, again on all sides, are surprised that the pps has not declined more. That shows an undeniable quality of resiliency. Of course we have no way of knowing how many PLNI traders are aware of the dilution.
There are just so many imponderables here that I don't think anyone could be very confident about making a prediction. For people who have a good feel for market swings (and truly wouldn't miss the money if they lost it) this could be an opportunity.
That's not my style (or my capability), which is why I got out when I did. Personally, I just don't have any confidence in PLNI's leadership, for the reasons I won't belabor here. And I have no way of independently evaluating the company's fundamentals, or hardly any. About the only hard numbers coming out of PLNI are the dilution bombs up on pinksheets and a 5 billion a/s count that still leaves Turek room to sell more shares. I have no way of knowing if he's doing that, but in my case, with my style of trading, past performance does not give me the confidence I need to play that spin of the roullete wheel.
That's as honest an assessment as I can offer. GLTA.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
Well this is a hard call Bobcat... With the dilution, (although it's no where near the worst I have ever seen) Plasticon really needs to get some of the original projects completed and soon. The audit must be completed and some explanation to the current float and os numbers. Anyones guess here. Wish I could help more.
Posts: 132 | From: NC | Registered: Jun 2005
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posted
Well my 919K shares have been traded, I've ridden it down to the .003 range and then back up to a penny, will reinvest when I hear something positive. Hope Bear doesnt attack me for continuing to watch and do DD!
-------------------- "Man who excels at putting worm on hook is Master Baiter" Posts: 678 | From: Boise, Idaho | Registered: Nov 2005
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