posted
Oh, and thanks for the clarification of the close--3.51% down is correct. My mistake, apologies.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
After a brief pause, the Red Flags are popping up again. First we see the Green Baron with more hypebole like "the 'mother of all moves up' is still in front of us." This, on a day that VFIN resumed aggressively selling the stock from the open until just before the close. Remember, the Green Baron is paid (primarily in stock) to promote Plasticon's stock. As I have pointed out in earlier posts, the *overwhelming* number of stocks the Green Baron has promoted over the past few years have lost most or all of their value over time. These promotions and the VFIN selling are not unrelated.
Now we see they are paying Money TV again for more exposure to promote their stock (not their products). They charge up to $17,250.00 which translates to only 3 million shares. VFIN covered that many times over today alone. Given the amount of stock buying a small cap conference can generate, it looks like a reasonable investment for them. For shareholders it likely means much more dilution than the 3 million shares the conference would cost. They are still marketing their shares. Major Red Flag.
Pinksheets shut down the L2s precisely because of this kind of activity. They are promoting their shares, yet have not delivered on any financials, or explained the intentionally misleading statements made in PRs, or the reason for the massive dilution of their shares. PS has a long history dealing with over 4500 penny stocks. They've seen a lot of questionable behavior and have policies in place to help protect shareholders when these behaviors materialize. Some have complained about PS being informed of the companies promotional activities and PRs. With about 4700 stocks to monitor, how else would one expect them to find out about the promotions? I have had many discussions with them. I have found them to be very professional and responsible people. They did not shut down the L2s because of the volume of calls or faxes. They shut them down because the company promotes its stock with misleading PRs and a lack of adequate financial information. Plus, the company told them they would rectify the situation and so far has not done so. I can tell you from my conversations with them back in early November that they gave the company a great deal of leeway then, and again this time. Had the company actually delivered the information they said they would, the L2s would still be up.
I spent some time today skimming through this thread from the beginning. I would recommend that all newbies as well as the old timers do the same. It really is eye opening. The same or similar information is interpreted differently by different people, and the same story lines keep repeating themselves. For anyone wondering how to interpret the conflicting reports of what BAC and Pinksheets have conveyed to people, the history provides a good guide. The september 13th-14th period provides an example of how either BAC plays different callers differently or how the same info is interpreted to meet one's biases. Starting October 28th the comments regarding the revelation that the company quietly increased the A/S to 5 billion is very useful. Plus look at how BAC and Green Baron dealt with the situation. They played us pretty good back then so their current statements should be put into that context.
Helpful tip to reading the long thread. Go to the bottom of the thread's page and hit "Printer-friendly view of this topic" in the lower left corner(below "POST NEW TOPIC"). You will get the entire thread on one page(takes a moment to load). This allows easy chronological scrolling, plus you can do the EDIT - FIND - "enter term" to search by keywords through the document. If you're confused by the current talk of an imminent financials and uplisting, etc... a look through the history should be very helpful.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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quote:Originally posted by BuyTex: that is a good tip: great for searching a thread
Yeah, found it by accident when googling some key words, then worked back to the page link.
I have been looking for a way to get this kind of view on iHub, SI, and RB, but with no luck. If anyone knows how to get a single page view on those boards please PM me. The way those other forums work now with the single msg links, its just not worth the bother for someone with limited time for such things.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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*** UPDATE*** This might have already been discussed but I feel exactly the same way and go further than it does with regard to possible scenarios, if this is something that drags out longer, we will still be there with our current # of shares and possibly more. I say this with the hope that any more missed "deadlines" will cause a sell off and we will be ready to take advantage of such an event. Following is an update, that I'm not certain was paid for as there was no advertisement of it and companies that pay for this type of thing usually want a large readership. Anyway this came out on Friday, February 10, 2006. I missed it until my wife found it buried at the end of Green Barron's site, leading to believe that this was posted for Green Barrons use to point to their record. As I said my wife and I feel the same and even a bit stronger as far as confidence in PLNI: ----------------------------------------------------------- The Green Baron Report Latest Report (scroll to bottom) Friday, February 10, 2006
February Focus Stock Pick Update 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. ---------------------------------------------------------- Just for what it is worth and of course, IMHO, but I think regardless of whether it was paid for or not, it is accurate and in line with my feelings and we will be handling PLNI the same. JMHO, we have not even seen the beginning of the success of PLNI. No one is in JT's head and this company is operating in a relatively new environment, with new and stricter requirements. I would rather hear and suffer the frustration of missed dates than hear "we didn't pay enough attention to the new rules and regulations that now exist and therefore, altough we had a good idea, we weren't able to stay the course, one which is far more challenging to start out under." Nez
posted
Worth a repost. Could we see these financials this week? I certainly hope so.
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)
Posts: 132 | From: NC | Registered: Jun 2005
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posted
Successinstock brought this to the RB board attention, from a post at IH.
Posted by: integrity1st In reply to: None Date:2/10/2006 10:39:43 PM Post #of 8154
The following is from The Green Baron small print disclosures,actually, this is probably a good thing, they put their money where their mouth is:
"We have received 18,500,000 shares of free trading common stock from a consultant of Plasticon International, Inc. (PLNI); Evergreen Marketing acquired an additional 10,849,829 shares of PLNI through private market purchase and finders fees. Evergreen Marketing partners acquired a total of 9,993,106 through private market purchases. We have also funded the company an additional $100,000 through a private purchase of shares. We invested another $50,000 US through a private purchase transaction. We have purchased an additional $120,000 US of PLNI through a private transaction in January 2006"
posted
The person I communicated with at pinksheets didn't make any allegations about faxblast or email campaign. If anyone was asking about PLNI's latest promotional campaign, which included a promise by January for an update on the share reduction and audit, good for them, that's a reasonable request, especially in the absence of any explanation for the latest dilution bomb.
When I asked why the L2s were suspended at the pinksheets site, the pinksheets representative informed me via email it was because pinksheets had noticed a high amount of promotional activities and pinksheets couldn't find adequate public information about the stock.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
The green baron disclosure regarding their "purchase" of $120,000 worth of stock in a "private transaction" is just spin, IMO. Typically, these transactions involve the company giving a consultant stock for free or a nominal fee. The consultant sells the stock (through VFIN?) then forwards the proceeds back to the company, less a consulting fee, of course.
Its just more dilution with fancy wording. Kind of like "retired shares", "awaiting SEC approval", "share reduction program", etc... Same old, same old. An indication of how much one can trust the Green Baron is to look at their focus stock picks performance page. They list the stock, the date it was recommended, then the high price since the recommendation. Well, nobody sells the exact high and it is a ridiculious way to bias the results. Their recent picks hit their high on the very day they were recommended (no doubt due to the recommendation) and fell considerably from there. It is very unlikely anyone bought at the recommendation price, but more likely chased it up with everyone else reading the recommendation. These guys are paid touts and look out for their own interests. Their record frankly sucks.
Good tip for reading anything from a biased source, whether an advertisement, PR, or a newspaper article -- read the end of the article first, then start from the top. The ugly stuff they have to include is usually stuck in the back. That's where the "awaiting SEC approval" comes in a PR. Its where the share ownership and ability to sell while promoting stuff comes in Green Baron, etc... GB has 39 parts to its disclaimer and the 'stock for tout' stuff is listed 39th. No coincidence.
Green Baron, Money TV, Steve Crowley's radio show, Wall Street News Alert, Microcap conferences, etc... -- when a company shows up at one of these venues it means they are marketing their shares. The record of the stocks that show up on these venues is terrible. Its not news, its paid company promotion. Buyer beware.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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posted
I can't see anything illegal except perhaps in the language used to describe the transaction. We already know the touts and consultants receive shares for services all the time. These pinks can also sell shares at a discount in "private" transactions. Marry the two and you have a conduit for selling your shares. By sharing the proceeds with a professional(and I use the term loosely) consultant, the consultant will try and get the best price possible instead of reckless dumping.
The only questionable part is the language used to describe the transaction. There was a good description of this on one of the penny stock DD pages, maybe the SEC site. If I find it again I'll repost later.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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posted
well, my thinking is this...company gets proceeds from IPO placement, or subsequent placement with broker/dealer/MM firm--and that's usually following an increase in AS (right?)...
Otherwise, individuals/insiders can sell (per regs), but then the proceeds are theirs...
So the situation you describe seems to me to circumvent the "transparency" of means for company to profit...oughta trip a trigger somewhere...
posted
Well, welcome back to our AS tag team BDS (Bash, Distort and Slander).
I'll start with state. First of all the few questions you asked the Pink Sheet representative is no more valid than the ones I asked. I happen to ask more detailed and thorough questions!
If you think for one second that the PS people look for companies that are promoting there product with no results you're are sadly mistaken. Pink Sheets is a FEE BASED LISTING SERVICE.. There are Hundreds of stocks that do not have L2's quoted. They post the pr's directly on their website and companies are not held to the high standards you profess are out there. This was not a suprise to the Pink Sheet company that there was a pr campaign going on with PLNI. I don't care what field you look at, NO ONE takes a proactive roll to sniff out alleged trouble UNTILL it is brought to their attention in a large way! If that was the true case... expose' shows like 20/20 wouldn't exist.
And your dilution bomb statement is a joke! You want to see dilution, go look at the sudden explosion in the QBID os from 1.2 billion to 350 billion.
Now for stock hunter. You are a fear mongering distortist! You have no proof of ANY of the statements you just posted. If you did you would have posted it here!
Out of 39 stocks profiled in the 4 years of data The Green Baron listed, 33 1/3% are still in the Green. I'm not sure about your stock potfolio but I'll guarantee your record isn't that good.
I took this to the next level and took a random sampling of high profile stocks and looked how they did in the past year. Companies like IBM, EBAY, Yahoo, GOOG, GE, MRK, PH and a dozen or so others and found that most are DOWN OR FLAT. Very few of these companies actually had a rise in pps or maintained a higher pps throughout the year. In addition to this, I observed numerous pr's on any given day for all these companies through various news sources.
Should Plasticon file their numbers with the SEC and continue with their stated plan you will be Guilty of a well orchestrated SMEAR and Slander Campaign against Plasticon, their Informational sponsors like the Green Baron and board members all over the internet. Fair and balanced you are NOT.
The only Caveat Emptor here should be towards your and states constant negative comments. There is an agenda for you Non Stock Holders being here and IMO it's NO GOOD.
Posts: 132 | From: NC | Registered: Jun 2005
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posted
All I need to know about Green Baron is that they picked CMKX as their "stock play of a lifetime". To me they are just pump and dump specialists, no more no less. I have to wonder which stocks they would pick if they weren't PAID to pick them.
-------------------- 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
Their record speaks for itself. These quotes come from Green Baron updates reported on this thread since August. My personal favorite is from November 3, 2005 when they "clear up" the "false rumor" of an increase in shares. ================
August 25, 2005 Plasticon remains one of our favorite long term stock plays. Although an audit to bring its shares to a better trading market has taken longer than expected, the Company appears to be aggressively trying to make it happen. Its CEO Jim Turek seems to really have shareholder interest in mind in this latest press release. Our conversations with the Company indicate that a significant reduction in the total outstanding shares from two billion to a much lower number will be activated without a split.
Technically, PLNI needs to break .02 per share on big volume to signal a new break out. The stock has struggled now three times to pierce this resistance. The Green Baron Report remains convinced that it’s just a matter of time before this happens. In the meantime, we continue to believe PLNI is a great buy on pullbacks.
==========================
September 20, 2005 Tonight at 8:00 pm EST, our Editor in Chief of The Green Baron Report and the President of Evergreen Marketing, Inc. will discuss our May Focus Stock Plasticon International (PLNI) in greater detail at www.machcobra.com. There is no cost to register, but you may need to download the latest version of Flash Player that is available as a link on the new registration page. Also, in order to ask questions, you will need an internet based microphone.
We have invited Plasticon’s lead consultant, Bill Howe, to participate on the chat. He has agreed to join, and says this is the most exciting time in Plasticon’s history to be involved. If you have ever even thought about buying PLNI stock, this is a discussion you will not want to miss. For those that can not listen in, please read our update on PLNI below and we think you will begin to understand why we believe PLNI is ready to rock.
[Remember: this is the webcast where "technical difficulties" prevented us from asking questions. They then proceeded to ask fluff questions to produce another infomercial].
=========================
September 23, 2005 The Green Baron Report is officially calling the shot on PLNI right now. We know we put out a Trader’s Corner update on PLNI about two weeks ago with the stock trading at about .014 per share and we were a little early to the party. Instead of picking a new penny stock pick for our members as we had hoped for the month of September, we are making Plasticon Intl (PLNI) our penny pick at today’s close of .0118 per share.
=========================
September 27, 2005 Green Baron calls Plasticon a “Hurricane Reconstruction Stock”
For those that might have missed our report last Friday, we believe this bears repeating … “Instead of picking a new penny stock pick for our members as we had hoped for the month of September, we are making Plasticon Intl (PLNI) our penny pick at today’s close of .0118 per share.” The Green Baron Report is confident we will see a move of at least 50 to 100% over the next 30 days, and likely much more by year end. PLNI closed trading yesterday at just .0119 per share.
=========================
October 05, 2005 Now, PLNI is very close to completing its audit according to just about everyone we speak to. There is no way to predict which day it will be, but we don't think it is very far off. We know it was supposed to be close back in June, but we are confident we are much closer now (perhaps within days). We also believe PLNI will close its purchase of Semco, Inc. very soon. Once the audit is completed and Semco is bought, we believe it will take about 6-8 weeks for the Bulletin Board listing. We have said we think the stock will make a big move over the next several weeks, and we still do, but by year end this stock could be sky high!
=========================
November 03, 2005 Urgent Need to Clear Up a False Rumor
It appears there are rumors circulating that may be causing the major drop in PLNI shares over the past four days. The Company has stated to us that the total issued and outstanding for Plasticon has never surpassed two billion shares. Apparently, Plasticon increased its authorized share count recently to five billion shares, but Jim Turek and Bill Howe have assured us it has not issued any of these new shares to date and may never do so. The rumors may stem from some people assuming the Company had already issued all those shares into the market.
In conversations with CEO Jim Turek and Bill Howe last night, The Green Baron Report was told that the total outstanding shares are still fewer than two billion shares. In fact, Jim Turek stated it is the intention of the Company to still reduce the number of shares outstanding and that Plasticon has a very interesting and creative reason for the increase in its authorized count that shareholders will likely applaud. Please contact Plasticon International directly for more details.
============================
January 19, 2006 The Green Baron Report has learned that Investor’s Business Daily will be printing this press release in the Corporate News section of its Friday and Weekend editions. A massive investing audience will soon be alerted to this major press release and the potential of Plasticon. We wanted members of The Green Baron Report to be of the first to read this news. It is information like this that separates The Green Baron Report from the rest.
==============================
January 23, 2006 PLNI stock rallied to close the week at .0075 per share on active volume following news that SEMCO had been acquired. The Green Baron Report is thrilled to see that this deal has been consummated, and contracts are starting to flow. Plasticon is beginning to fulfill its promises from last year one by one, and we see investors are gaining confidence once again. Each press release ought to eliminate prior concerns, and PLNI stock may finally have the chance to break out to levels we originally had forecast.
=============================
January 30, 2006 The Green Baron Report is thrilled to see Plasticon deliver on its vision for the future. We have been believers in this Company for almost a year now and it is very gratifying to see a dream come true.
============================
February 10, 2006 we think the “mother of all moves up” is still in front of us.
============================
From the GB Disclaimer Page: "We may sell our shares at any time, without notice, be that before, during or immediately after the release of this material." "These positions may be liquidated, without prior notification, even after we have made positive comments regarding these companies."
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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quote:Originally posted by StockHunter: Their record speaks for itself. These quotes come from Green Baron updates reported on this thread since August. My personal favorite is from November 3, 2005 when they "clear up" the "false rumor" of an increase in shares. ================
August 25, 2005 Plasticon remains one of our favorite long term stock plays. Although an audit to bring its shares to a better trading market has taken longer than expected, the Company appears to be aggressively trying to make it happen. Its CEO Jim Turek seems to really have shareholder interest in mind in this latest press release. Our conversations with the Company indicate that a significant reduction in the total outstanding shares from two billion to a much lower number will be activated without a split.
Technically, PLNI needs to break .02 per share on big volume to signal a new break out. The stock has struggled now three times to pierce this resistance. The Green Baron Report remains convinced that it’s just a matter of time before this happens. In the meantime, we continue to believe PLNI is a great buy on pullbacks.
==========================
September 20, 2005 Tonight at 8:00 pm EST, our Editor in Chief of The Green Baron Report and the President of Evergreen Marketing, Inc. will discuss our May Focus Stock Plasticon International (PLNI) in greater detail at www.machcobra.com. There is no cost to register, but you may need to download the latest version of Flash Player that is available as a link on the new registration page. Also, in order to ask questions, you will need an internet based microphone.
We have invited Plasticon’s lead consultant, Bill Howe, to participate on the chat. He has agreed to join, and says this is the most exciting time in Plasticon’s history to be involved. If you have ever even thought about buying PLNI stock, this is a discussion you will not want to miss. For those that can not listen in, please read our update on PLNI below and we think you will begin to understand why we believe PLNI is ready to rock.
[Remember: this is the webcast where "technical difficulties" prevented us from asking questions. They then proceeded to ask fluff questions to produce another infomercial].
=========================
September 23, 2005 The Green Baron Report is officially calling the shot on PLNI right now. We know we put out a Trader’s Corner update on PLNI about two weeks ago with the stock trading at about .014 per share and we were a little early to the party. Instead of picking a new penny stock pick for our members as we had hoped for the month of September, we are making Plasticon Intl (PLNI) our penny pick at today’s close of .0118 per share.
=========================
September 27, 2005 Green Baron calls Plasticon a “Hurricane Reconstruction Stock”
For those that might have missed our report last Friday, we believe this bears repeating … “Instead of picking a new penny stock pick for our members as we had hoped for the month of September, we are making Plasticon Intl (PLNI) our penny pick at today’s close of .0118 per share.” The Green Baron Report is confident we will see a move of at least 50 to 100% over the next 30 days, and likely much more by year end. PLNI closed trading yesterday at just .0119 per share.
=========================
October 05, 2005 Now, PLNI is very close to completing its audit according to just about everyone we speak to. There is no way to predict which day it will be, but we don't think it is very far off. We know it was supposed to be close back in June, but we are confident we are much closer now (perhaps within days). We also believe PLNI will close its purchase of Semco, Inc. very soon. Once the audit is completed and Semco is bought, we believe it will take about 6-8 weeks for the Bulletin Board listing. We have said we think the stock will make a big move over the next several weeks, and we still do, but by year end this stock could be sky high!
=========================
November 03, 2005 Urgent Need to Clear Up a False Rumor
It appears there are rumors circulating that may be causing the major drop in PLNI shares over the past four days. The Company has stated to us that the total issued and outstanding for Plasticon has never surpassed two billion shares. Apparently, Plasticon increased its authorized share count recently to five billion shares, but Jim Turek and Bill Howe have assured us it has not issued any of these new shares to date and may never do so. The rumors may stem from some people assuming the Company had already issued all those shares into the market.
In conversations with CEO Jim Turek and Bill Howe last night, The Green Baron Report was told that the total outstanding shares are still fewer than two billion shares. In fact, Jim Turek stated it is the intention of the Company to still reduce the number of shares outstanding and that Plasticon has a very interesting and creative reason for the increase in its authorized count that shareholders will likely applaud. Please contact Plasticon International directly for more details.
============================
January 19, 2006 The Green Baron Report has learned that Investor’s Business Daily will be printing this press release in the Corporate News section of its Friday and Weekend editions. A massive investing audience will soon be alerted to this major press release and the potential of Plasticon. We wanted members of The Green Baron Report to be of the first to read this news. It is information like this that separates The Green Baron Report from the rest.
==============================
January 23, 2006 PLNI stock rallied to close the week at .0075 per share on active volume following news that SEMCO had been acquired. The Green Baron Report is thrilled to see that this deal has been consummated, and contracts are starting to flow. Plasticon is beginning to fulfill its promises from last year one by one, and we see investors are gaining confidence once again. Each press release ought to eliminate prior concerns, and PLNI stock may finally have the chance to break out to levels we originally had forecast.
=============================
January 30, 2006 The Green Baron Report is thrilled to see Plasticon deliver on its vision for the future. We have been believers in this Company for almost a year now and it is very gratifying to see a dream come true.
============================
February 10, 2006 we think the “mother of all moves up” is still in front of us.
============================
From the GB Disclaimer Page: "We may sell our shares at any time, without notice, be that before, during or immediately after the release of this material." "These positions may be liquidated, without prior notification, even after we have made positive comments regarding these companies."
this is a valuable recap...
can "both sides" please address each "talking point" ie, those items between the "double-bars"?
posted
Only if you promise not to quote the entire post when it isn't necessary, BuyTex!
Maybe tomorrow. That's quite a March of Hype, and Nov. 03 is priceless. At this rate, pretty soon literally.
Seriously, I had forgotten all about that statement via GB "refuting" the "rumor" of increased shares. Regardless of any other pros and cons, that statement is plainly deceptive. And some of those statements include language making it seem as if PLNI owns Semco. It's so irresponsible. These are among the reasons I am so skeptical of the company--that is what Plasticon and its promoters have taught me to be.
However, it would definitely be useful to have a pro-PLNI analysis focusing on the stock and GB.
Super overview, Stock.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
"actually, I attempt merely to create an authentic trail, with genuine dialog...which I know you know [Razz] "
I do, and I thank you for it. Just joshing a bit in between runs of the downhill race at the Olympics.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
I have a question in this battle of words Tex.
Quote: can "both sides" please address each "talking point" ie, those items between the "double-bars"?
How on earth could anyone comment on a group of statements made by the Green Baron? There is really No way of knowing when all the correspondence was between Plasticon and them. Timing is everything here in the discovery of truth. I have been in business myself for years and I am very well aware of timing issues. Nothing ever seems to go as planned especially when you have outside vendors involved. All those issues pointed out would have to be addressed by the Green Baron and Plasticon. It Doesn't necessarily make any of them false or misleading without knowing the inside story.
I think SJ had several good points. I also checked behind him and saw that 33 1/3% of the Green Baron picks posted for four years were still in the green. Quite frankly I thought there would be a lower percentage. Tex, how many of your picks are still green after 4 + years? Heck I do own several large cap stocks and I'm not to happy with their performance either. Printing out the Green Baron statements and saying they are false and misleading is just not true. Unlessssss, stock hunter has insider information!
Good luck today everyone.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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======= November 03, 2005 Urgent Need to Clear Up a False Rumor
It appears there are rumors circulating that may be causing the major drop in PLNI shares over the past four days. The Company has stated to us that the total issued and outstanding for Plasticon has never surpassed two billion shares. Apparently, Plasticon increased its authorized share count recently to five billion shares, but Jim Turek and Bill Howe have assured us it has not issued any of these new shares to date and may never do so. The rumors may stem from some people assuming the Company had already issued all those shares into the market.
In conversations with CEO Jim Turek and Bill Howe last night, The Green Baron Report was told that the total outstanding shares are still fewer than two billion shares. In fact, Jim Turek stated it is the intention of the Company to still reduce the number of shares outstanding and that Plasticon has a very interesting and creative reason for the increase in its authorized count that shareholders will likely applaud. Please contact Plasticon International directly for more details. ========== There's no good way I can think of to interpret this, to take one example. Either Turek misled the Green Baron, which guts the credibility of anything else GB says. Or worse (much worse) they knew Turek was diluting shares, and we still can't rely on the GB and/or Turek.
Reading over those PRs, my conclusion is GB has been proven to be useless as a reliable indicator of news or achievement of goals by PLNI. They relay the same promises that haven't been kept. And they have aided in the deception I believe has been practiced by the company, with statements such as those from Jan. 23: "PLNI stock rallied to close the week at .0075 per share on active volume following news that SEMCO had been acquired. The Green Baron Report is thrilled to see that this deal has been consummated, and contracts are starting to flow." The deal has not been consummated. And we have no idea of the value of the contracts "starting to flow" at Semco, whose value in any case doesn't yet accrue to PLNI.
None of this should be too surprising to the extent GB is a paid promoter (finally--we found one!). But in theory, you can still be a paid promoter and still relay accurate information about a company. With PLNI, GB hasn't satisfied even that desire.
(P.S. The last line in that PR is rich--Please contact Plasticon for more details. As if!)
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
You proved my last post state. It is speculation on your part as to the timing of the how, why and when. Doesn't make what they said wrong and what you accuse them of right.
I'll give you a B for effort though.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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Well, if GB's repeated mis-steps can be blamed on "timing," then GB, on this stock at least, is incompetent at best.
The only benefit I can think of is that they are a reliable indicator of what PLNI is telling the world. And the majority of what PLNI tells the world breaks down into two categories: Statements that are misleading (claiming "media interest" is high when they publish ads) and other statements that are simply false (Semco and Promold have been acquired). All of PLNI's statements about the share count, as reliably repeated by GB, are misleading as well, unless one believes there is something meaningful about the "intention" to reduce shares when the share count has exploded over the past year.
There might be another way to use statements from PLNI and GB: Opposite Land. If they say the count is down, it's probably up. If they say two companies have been acquired, they probably haven't. Et cetera.
The track record is pretty grim.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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Chopper... You have to understand that by debating with Stockhunter and State you are playing into the Worms plans...These guys are in bed with the Worm ...His website has beeen hammering away at PLNI relentlessly...Both of these guys are getting their information from the Worm...The Worm is their boss...
quote:Originally posted by Chopper: You proved my last post state. It is speculation on your part as to the timing of the how, why and when. Doesn't make what they said wrong and what you accuse them of right.
I'll give you a B for effort though.
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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November 03, 2005 "In conversations with CEO Jim Turek and Bill Howe last night, The Green Baron Report was told that the total outstanding shares are still fewer than two billion shares."
What timing issue? Either GB lied and did not talk to JT and BH "last night". Or "last night" JT and BH, at best,misled the GB to believe they said the o/s was still 2.0 billion when actually they did not say that. If they misunderstood that conversation to that degree, then they are truly incompetent. Perhaps, and some here will never be willing to accept this regardless of the evidence, JT and BH actually told GB what they reported was said and knew this incorrect information would be posted to the public - free from legal responsibility as would be the case with a PR.
It amazes me that some would still try to make excuses for these obvious abuses of investor trust.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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More possible insider information recieved by Stockhunter from the Worm...Below...Same as having insider information concerning the new share count...long before it became public..
quote:Originally posted by StockHunter: A note of caution regarding swing trading this stock. The level of discontent and feedback to the regulatory authorities is very high, even for a pink. Given the degree and magnitude of deceptive behavior from this company, there is a real risk that on any give day the SEC could order a 10 day trading halt. Where it would open after that is anybody's guess. It would only be good if the full airing of the facts produces a positive outlook. That is far from certain. So anyone buying for a swing needs to ask whether they could afford to be without those funds for a couple weeks.
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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Good to repost that old Stockhunter warning--newbies especially need to be aware of posters around the boards saying they have complained to regulatory authorities. And other board participants with less than perfect memories may not recall that Stockhunter, for months, was cautioning fellow traders about the likelihood of more dilution, based on publicly available information including--old-timers will remember this--VFIN being camped out on the ask seemingly forever.
Good reminders.
One interesting feature about posters saying they have complained to regulatory authorities--there are two different versions of Big Apple's reaction. One is that Jackie said something about the audit being slowed down by many contacts "from the SEC and other agencies." Alternately, Rodney has been cited as saying he is unaware of any contact from the SEC.
Anyway I report, y'all decide--though I'll make my own inferences, labled as such.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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Are you 2 Lemmings done patting each other on the back? Hahahahahahahahahahahahahaha I'm rolling...
Man you and stock hunter are funny to read your posts Praising each other state. Like watching Ralph and Norton in the Honeymooners. Two comedians professing to be professional traders and the saviors to PLNI shareholders. I think the newbies can read the thread now, so you guys are excused.
Toooo funny, thanks for the laughs! Really !!!!
Posts: 132 | From: NC | Registered: Jun 2005
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Wow, pretty quiet. Does anyone think this will budge with the Small Cap Expo tomorrow?
Posts: 13 | From: Illinois | Registered: Aug 2005
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