posted
I have no idea, but the L2 feed apparently has been shut down again by pinksheets. Like last time, it is still available inside the Plasticon website (in investor relations) but if you go directly to pinksheets dot com, you get the pink screen of death message:
========== Pink Sheets believes adequate current information must be publicly available during any period that the issuer or affiliates of the issuer are directly or indirectly engaged in promotional activities having the effect of encouraging trading of the issuer's securities in the OTC market. Pink Sheets has observed that such promotional activities are occurring for this security, but that adequate current information may not be available. Consequently, Pink Sheets has removed the quotes from this website until such information is made available by the issuer to the investing community. investors are encouraged to use care and due diligence in their investment decisions. Please read our Investor Protection page. ===========
Of course, there is no telling at this point if it's a technical snafu or something more serious. Posters on a couple boards, Ihub and RB, have called IR and neztime reports the following at RB:
========== Shad, just did so, was told that tere is a call into pinksheets as they don't know why they are still getting the feed to the PLNI web site and the message on the pinksheets site is the same as it was last week or last time this happened. The word "glitch" was used. I didn't get the impression of panic or anything like that just the impression of buisness as usual.FWIW Nez ===============
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
Somebody should tell them to cut it off until some filings are done. Looks like somebody has to FORCE them to file somehow.
-------------------- 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
Does that get reversed? It shows as the HOD. If so can I go back and get .01 for mine cause that is what I meant not .0061 a week ago. Still nothing new as far as news goes?
-------------------- "Man who excels at putting worm on hook is Master Baiter" Posts: 678 | From: Boise, Idaho | Registered: Nov 2005
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posted
I see no news out there. The L2 at pinksheets is still down. The L2 inside the plni website is still up.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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quote:Originally posted by bobcat88: Who in their right mind just bought 40k shares * .0069?
Nobody in penny stocks has ever been accused of being in their right mind.
-------------------- 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
Not a whole lot of new DD around the boards, but here are two interesting posts from RB:
===================== Just talked to Tim at Pinksheets and this is the story. The quote is blocked due to excessive complaints of promotional spamming of the company by e-mail and phone calls and will not be restored to PK L2 quotes until the financials are out. The block last week was lifted due to a PLNI promise to deliver the financials by a certain date (yesterday) and filing them with the SEC and that date has passed as we can see. Tim says that PLNI has said that "any day now" for the "current" financials and the SEC filing but PK wants to see them before they will be allowed L2 there. Sorry if this has already been posted. I said to him the complaints they received could have been tactics from bashers and he said "Uh YEAH" could have been. PLNI pays for L2 but PK said they have rules and being payed for L2 quoting doesn't matter according to their rules. =====================
And this:
=============
pinksheets wants balance sheets published. PLNI has been in an audit for over a year, PLNI has announced profitability. IMO PLNI could not announce profitability without a balance sheet. Jackie at Apple told me that they (PLNI) were working to get the info to pinksheets. IMO PLNI has the balance sheets and will not release them. We know now that PLNI has has since the last time that Pinksheets stopped listing L2 to come up with a balance sheet. If they do not have a balance balance sheet IMO there is no audit. ===============
I certainly don't know if there is or isn't an audit. What interests me is pinksheets' interest in financials. I originally guessed this week's suspension of the L2s at the pinksheets site was just another round of share-count verifications, but I may have been wrong about that.
GLTA
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
The owner of pinksheets published a piece not long ago, vowing to clean em up Ithe pinksheets' credibility) with a tiered system that would bring the "cream to the top" via self-reporting--and let the "drudge get drudgier." fwiw...
posted
Good news, maybe it'll get these guys on the ball. IMO, we all have waited long enough now.
-------------------- 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
Interesting posts of the morning. From rb, by disabill/neztime. J would most likely be Jackie; R, Rodney. The post:
========= Shad, My personal take after call. Spoke with J. Was informed that PK had a review process which may take days to a week before they put PLNI back up. As far as the question of overall crdibility, she segwayed into it by saying that the process was being conducted in an extra thorough manner due to the fact that PLNI already blew one dead line (implied). I then told her about previous conversations I had with R , especially the point that R had told me, in no uncertian terms that the finacials would be out next seek at the earlest or the following week. The convestaion of which I speak occured last wends. This week is gone, which I pointed out and she did say that it is her understanding that a deadline, the 14th of feb. has been set for the release although it may be earlier. She indicated that one of the things causing the delays (of late) has been lost time due to responding to many negitive phone calls and responding to many, many contacts from the SEC and other agencys. I guess that the bashers intent, and it is apparently working, is to deny the Apple and PLNI time by creating a situation where they are distracted due to having to answer all of the negitive calls and the false accusations. They feel strongly that it is important to be reactive with the above rather than just ignore both. That may give the impression that they have change their approach from one of suppling information that is availible to one of just ignoring things. That in turn would get the synics thinking about "wow, now what could they be doing, packing bags, making arraingments to leave the country ect." All of which is not true and therefore they are trying the best they can to answer even the most inquires that are obviously designed to burn time or take time from more important things. The Arch conference was brought up and she said that there was no change to date and it is still on. So we now have an earlier deadline (or at least I do) for the relase of finacial info, the 18th as well as the Arch conference. Someone posted yesterday that they could not imagine PLNI walking into that conference without the real deal, I agree. However, to me, the 18th is now an important date as both R and J have placed the date in the next week. Failure to meet it will give me great pause and possibly cause me to lose all interest in this "saga". Will make that desicion when the time comes which is now a week away. JMO and read of what I was told and what was inferred. I may be totally wrong as I have a fever but I can still read the directions on the medicine bottle! LOL Nez ========= and another from jmhollen/yellowsub, posted at the bull's board at SI:
============= I think that like Strat Petroleum, PLNI may have picked the wrong damn auditor. I understand somebody in the auditor's Vegas office recently got crap-canned and the bulk of the work on the PLNI case had to be recalled to the firm's CA office. No personal verification on that, but the source of the information was impeccable. Strat (SPRL) just had to crap-can their auditor, and start over with a new outfit = more freaking delays there. "..Schmidt happens..". This Sar-Ox business has everybody, including many old and huge Snob Stock companies, tied up in knots. And, you know damn well that the CPAs are 'milking it' for every nickel it's worth.
According to the grapevine, several years of figures will be available almost immediately, those numbers will promptly be provided to mafia.com, and that should put this show back on the road. Since the company is basically debt-free and running in the black from what I hear, significant improvements in the status quo should follow such reports and related filings.
I'm of the opinion that many of the recently impatient grousers around here will have very little to (w)itch about very soon. In the interim, they can support the efforts of the BashHoles if they want to - however, that will hopefully be done on another Board. Considering the size of my collection, I feel reasonably justified in my pressing my opinion on that matter.
John :-) =============
And from RB long rrm: ============= Nez:
Thanks for sharing. I must agree... the time for action is approaching. No more slack is in evidence. I pulled my buy order this morning.
rrm ==========
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
And then this from footballcrazy on the SI Bull's Board:
================ Spoke with Rodney Marvel at Big Apple. He said that the '03 & '04 Financials are done and just being given a final once over. Then they will be submitted to the SEC (10-k). I inquired about the '05 Financials and he said that he was under the impression that they were close to being done as well.
I asked about the new auditor or a problem with the auditor. He said that he had no knowledge of any of this. He believed that the same auditor was still doing the job.
I questioned the lack of PRs. Rodney said that information is getting out via Big Apple. "That's what they pay us for". He said that he did not have a press release schedule and he had no idea as of when. Said he would E-Mail Bill Howe to see about getting a PR schedule. But also said he was glad he didn't know, that way he wouldn't give out times for them and then have them not happen.
As for the Pink Sheets. Rodney said that with the '03 & '04 audited information, Pink Sheets would get the quotes back up. But didn't say when that would be. I guess whenever they get the info to them. But again, those audit years are still being re-checked for submitting anything.
All I got. Nothing new really. But, figured I'd contribute the little I found out.
Michael ==============
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
Hey guys... just got a minute to check in on things here.
The chart looks like it found support and is consolidating before it turns back up. The lack of promised information has definitely hurt the pps, but once they do start releasing, the pps will take care of itself.
Holding long here!
GLTYA.
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
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The Green Baron Report simply wanted to let our members know that we still think Plasticon will be a success, and that PLNI stock is likely nearing another short-term bottom. The last time we felt PLNI was ripe for accumulation at the end of December, the stock rallied from .0039 to .0109 in about three weeks. Although we believe PLNI could continue to churn around at prices near today’s close of .0057 per share for another week or two, we think the “mother of all moves up” is still in front of us.
We have faith in CEO Jim Turek and his smart acquisitions of Pro Mold and Semco Manufacturing for Plasticon. However, the Company’s failure to produce a completed audit in January has sent the shares down from recent highs and put doubt whether it will even come. Shareholders ought to rejoice if the delay is short and the audit can be completed in February. A signed audit would likely generate a domino effect of positive developments. Our suggestion is to hang tough.
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
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Small Cap Expo, American Stock Exchange, February 16th Friday February 10, 3:47 pm ET
LOS ANGELES, CA--(MARKET WIRE)--Feb 10, 2006 -- On Thursday, February 16th, 20 Small Cap Companies will convene to interact with and exhibit to our invited guests of brokers, broker-dealers, market makers, hedge fund managers and investment bankers at the Fourth Annual MoneyTV Small Cap Expo, being held on the 14th Floor Executive Auditorium of the American Stock Exchange in New York City. The Fourth Annual MoneyTV Small Cap Expo will feature Company Exhibits, Executive Presentations and MoneyTV capsule interviews with company CEOs. There is also a hosted social.
The 20 exhibiting companies include:
EnXnet, Inc. (OTC BB:EXNT.OB - News), Plasticon International, Inc. (Other OTC:PLNI.PK - News), Neutron Enterprises, Inc. (OTC BB:NTRN.OB - News), Axion Power International, Inc. (OTC BB:AXPW.OB - News).
Attendance to the Fourth Annual MoneyTV Small Cap Expo is BY ADVANCE REGISTRATION ONLY. Financial professionals from the Greater New York area can register by visiting:
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
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quote:Originally posted by FatherOfTwo: NEWS>>>>>>>>>
Small Cap Expo, American Stock Exchange, February 16th Friday February 10, 3:47 pm ET
LOS ANGELES, CA--(MARKET WIRE)--Feb 10, 2006 -- On Thursday, February 16th, 20 Small Cap Companies will convene to interact with and exhibit to our invited guests of brokers, broker-dealers, market makers, hedge fund managers and investment bankers at the Fourth Annual MoneyTV Small Cap Expo, being held on the 14th Floor Executive Auditorium of the American Stock Exchange in New York City. The Fourth Annual MoneyTV Small Cap Expo will feature Company Exhibits, Executive Presentations and MoneyTV capsule interviews with company CEOs. There is also a hosted social.
The 20 exhibiting companies include:
EnXnet, Inc. (OTC BB:EXNT.OB - News), Plasticon International, Inc. (Other OTC:PLNI.PK - News), Neutron Enterprises, Inc. (OTC BB:NTRN.OB - News), Axion Power International, Inc. (OTC BB:AXPW.OB - News).
Attendance to the Fourth Annual MoneyTV Small Cap Expo is BY ADVANCE REGISTRATION ONLY. Financial professionals from the Greater New York area can register by visiting:
Lots of reports by posters, including contradictory ones. One poster has "J" [no doubt Jackie] at Big Apple saying PLNI is getting slowed down responding to "many, many contacts from the SEC and other agencies." Another has Rodney saying he is unaware of any SEC inquiries. So you got me.
By the way, has there been some kind of revival of fax machines out there? I keep reading about pinksheets.com allegeldy getting inundated with nefarious faxblasts, but who uses a fax anymore?
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
Just re-read my post and it kind of sounds like I'm accusing FatherofTwo of the editing. Didnt mean for it to sound like that, just thought is was funny that the two artcles are exactly the same other than the sample list of exibitors that will be attending.
-------------------- "Man who excels at putting worm on hook is Master Baiter" Posts: 678 | From: Boise, Idaho | Registered: Nov 2005
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quote:Originally posted by FatherOfTwo: NEWS>>>>>>>>>
Small Cap Expo, American Stock Exchange, February 16th Friday February 10, 3:47 pm ET
LOS ANGELES, CA--(MARKET WIRE)--Feb 10, 2006 -- On Thursday, February 16th, 20 Small Cap Companies will convene to interact with and exhibit to our invited guests of brokers, broker-dealers, market makers, hedge fund managers and investment bankers at the Fourth Annual MoneyTV Small Cap Expo, being held on the 14th Floor Executive Auditorium of the American Stock Exchange in New York City. The Fourth Annual MoneyTV Small Cap Expo will feature Company Exhibits, Executive Presentations and MoneyTV capsule interviews with company CEOs. There is also a hosted social.
The 20 exhibiting companies include:
EnXnet, Inc. (OTC BB:EXNT.OB - News), Plasticon International, Inc. (Other OTC:PLNI.PK - News), Neutron Enterprises, Inc. (OTC BB:NTRN.OB - News), Axion Power International, Inc. (OTC BB:AXPW.OB - News).
Attendance to the Fourth Annual MoneyTV Small Cap Expo is BY ADVANCE REGISTRATION ONLY. Financial professionals from the Greater New York area can register by visiting:
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
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State many businesses still use fax transmissions. I do in mine and only because MANY of my suppliers still only use that method. Anything for an arguement. To funny ;0)
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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posted
We were down 3 1/2% at the close FYI. You should have posted my phone call state... You posted anything else you could find that was Negative including your own comments. Your not very funny NON STOCK HOLDER.
I called Pink Sheets to get a handle on this he said she said stuff. The person there conveyed to me that the L2 qoutes being blocked on their site was in response to a barrage of calls and faxes demanding disclosure per the Pink Sheet policy. The allegations made by way of fax and callers was a Major Pr campaign had been conducted and no disclosure to tie up previous claims made in earlier pr's. The so called major pr campaign is listed below.
The Pink Sheets have NO authority to shut down L2 quotes or trading by any company as observed in folks that subscribe to services like Alpha trade and others. As I understand it Pink Sheets is a private company that runs the L2's on their sight on a fee basis so they are able to pull any companies quotes on their own site.
My understanding is that financial info was sent to them and this has been declined by them. The information requested is nothing less than a 10k due to the high volume of corespondance by groups of (NON)investors. ???? Kinda makes one go hmmmmmmmmmmmmmmmmmm.
Apparently Plasticon is completing paperwork for the SEC filings and will submit those to the SEC prior to the PS and then to the PS. At that time the folks at PS assure me that they will then again quote the stock on their site.
I asked the person I spoke with "Is this removal of L2's a standard response to pinks with no financials published?". The answer was not necessarily. We have many non reporting stocks quoted. It only comes into play when it is BROUGHT TO OUR ATTENTION with a HIGH VOLUME of inquiries as to our listing policy on a particular security . Hmmmmmm This high volume stinks of Stock Manipulation to me.
I think it is a great thing that we will get the disclosure we all want. IMO, I think it is akin to an Armed Robbery as to how it was conducted by outside influences.
It is all up to Plasticon now, however should we see the 10k IMO the plan as stated in prior pr's will be in play. GL
• Plasticon Announces That SEMCO's System Is Selected and Specified for Department of Transportation Surfacing Contract Market Wire (Mon, Jan 30) • Plasticon International to Launch Marketing Campaign for SEMCO in February Market Wire (Fri, Jan 27) • SEMCO Announces McCarren International Airport Surfacing Contract Market Wire (Wed, Jan 25) • Plasticon International Recent Media Coverage Market Wire (Tue, Jan 24) • SEMCO Chosen as Surfacing Vendor by Contractor for Apple Computer Japan Headquarters Market Wire (Mon, Jan 23) • Plasticon's SEMCO Acquisition Announcement to Appear in Investor's Business Daily (IBD) Market Wire (Fri, Jan 20) • Plasticon Completes SEMCO Acquisition Market Wire (Thu, Jan 19)
quote:Originally posted by state780: Down about 7% today.
Lots of reports by posters, including contradictory ones. One poster has "J" [no doubt Jackie] at Big Apple saying PLNI is getting slowed down responding to "many, many contacts from the SEC and other agencies." Another has Rodney saying he is unaware of any SEC inquiries. So you got me.
By the way, has there been some kind of revival of fax machines out there? I keep reading about pinksheets.com allegeldy getting inundated with nefarious faxblasts, but who uses a fax anymore?
posted
Wow and you missed this good post as well, and Success is a fellow board member here...
By: successinstock 10 Feb 2006, 01:23 PM EST Msg. 41462 of 41640 Jump to msg. # OT: talked with Rodney about 2 hours ago....sorry nothing new to report....he expects that PLNI will release 2003 & 2004 in the next day or two. He indicated that 2005 results will not be done until the end of Feb at the earliest.
I asked if he knew of any SEC complaint inquiries with regards to PLNI. He said no. He told me that PLNI has a SEC attorney on staff and Apple does as well.
I asked if he could confirm PLNI going to the conference on the 23rd. He said that they were but could not tell me if Jim would present or if it would be Bill Howe.
Rodney indicated that he talks with Bill Howe often and Jim very infrequently. He said Jim is very very busy with the business.
If you want to read into this post that there are promises made, then go ahead.
He gave me the impression that things are moving forward ... and moving forward with the best interest of the company and its "long-term" shareholders in mind. He gave me the impression that the audits will be done when they are done and PLNI would be more concerned about them being all inclusive than worry about hitting specific dates for completing them.
I am long so I really am not too concerned to watch for the numbers every day/hour/minute/second. They will be done when they are done and not a minute sooner.
posted
Well, I didn't miss that post--that's part of what I'm referring to when I say some posters say Big Apple is unaware of any SEC queries, while others (in a post I cited early today) say PLNI is being unduly slowed down by "contacts" from the "SEC and other agencies."
Anyway, it's decent DD to add that here. Just more promises from where I sit, and I will personally be more impressed when PLNI starts keeping them. I say that not out of any spite to any poster, but only because Rodney, Jackie and before them the unlamented Matt Maguire are always saying things are moving forward.
But that's JMHO.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
I'm not aware of anyone saying Pinksheets.com shut down all of PLNI's L2s everywhere. Maybe somebody at RB implied it?
They shut them down at Pinksheets. That is what has been reported and it is accurate. I also made it clear in my earlier posts that it was still available at the Plasticon website at investor relations.
I did contact Pinksheets earlier in the week. I asked in a very neutral way why they shut down the L2s on their site. They said nothing about fax blasts or irate callers, though if they got any, good for them--PLNI needs to have its feet put to the fire. What they said to me was similar to what other posters reported. They told me they noticed heavy promotion of the stock, and could not find adequate public information about it. The areas where they want information include issuing shares and financial information. Certainly things any wise investor or trader would want to know, so again, good for them.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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