posted
Well the Nasdaq and Dow were flat for the entire week and Plni is up 4%. Not much but I'll take it. The Nasdaq Risk Metrics in case no one is looking is gradually getting lower. Very good sign. http://www.nasdaq.com/services/riskMetrics.stm?&tickers=plni My patience is wearing thin with the market in general but Plni is ready for the next leg past .02, just need that audit.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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posted
The Semco update clearly tells us that this potentially valuable addition to Plasticon is moving forward. Should this acquisition be consummated, The Green Baron Report will soon analyze some of the numbers that we could see in revenues and earnings over the next several years. Calculations already should have PLNI trading at many times the current price on Semco business alone.
In light of the devastating hurricanes and flooding that just occurred throughout the south, products such plastic rebar supports, plastic lumber, and surfacing products that prevent water damage ought to be ideal choices for government contractors. Members looking for a stock that might benefit from reconstruction efforts following this horrible disaster should look no further than Plasticon. The price is still right for accumulation!
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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posted
Not this agian......Tic-toc-tic-toc-tic-toc. I'm having a flash-back! Bill Howe said Promold will close on October 6th, but the problem is he didn't state the year. All those PR's since May and the PPS is well below a cent 1/2! Potential new investors are looking at the PPS and saying- Bawhahahahahaha! Poor PLNI. Oh well, at least Mr.T tried. Noticed FOT doesn't post here anymore after that 'Lofty' 10 cent valuation figure! Bawhahahahahaha!
Posts: 225 | Registered: Jun 2005
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posted
PLNI has got to profit from hurricane damage. Rebar means strength. Come to Papa.
Posts: 31 | From: California | Registered: Sep 2005
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imakmony2005
unregistered
posted
THIS STOCK HAS GREAT PROMISE, IM IN AND WILL HOLD.
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I sure am ready for October! My Grand daughter asked me if my stocks were going to give me tricks or treats this month? I ask why sweety and she said ... Cause you make a pretty mean Monster when they're tricking you. Oh boy, out of the mouth's of children. Gooooo PLNI
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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Don't ya love how Kids just cut right through all the B.S., and tell it like it is !!!!
Posts: 3209 | From: poohville ohio | Registered: Apr 2005
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posted
Indeed Maumee The Grand children like to call ne Grampy.. I believe that was a set up of sorts, cause when I correct them they call me Grumpy insted.
quote:Originally posted by maumee river rat: LOL Chopper!!!
Don't ya love how Kids just cut right through all the B.S., and tell it like it is !!!!
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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From a letter from Turek to shareholders on June 28, 2004:
"With a solid distribution network now in place, we are continuing our growth through the acquisition of A.T.G. Sports International. A.T.G. Sports is a 24-year old, St. Louis-based maker and installer of artificial athletic surfaces for indoor and outdoor sports applications such as tennis, soccer, football, baseball, rugby, running tracks and field hockey. The company also installs a wide array of surfaces for many court-based sports as well as public parks and playgrounds. We expect this acquisition to contribute $7 million to $10 million in annual sales."
Nothing on the current website indicates they are offering these products. I could not find any PR confirming the completion or cancellation of the deal. When I add this to the US Plastic Lumber takeover notice in their business plan it makes me a little more concerned about SEMCO. They like to jump the gun with good news annoucements, but are mum on any negatives [like stock dilution].
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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posted
Reply to myself: Just found a reference to beneficial ownership in PLNI showing that Mark Driver, the owner of ATG Sports has 146 million shares of PLNI. Looks like they did buy the company. Funny that we don't see their products promoted on the website.
Its interesting that he comes from St. Louis, which is where ProMold is located. Maybe that's how PLNI found out about that opportunity.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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posted
Stock, The deal with ATG Sports International fell through after consideration by the board. It was stated in the prior thread for PLNI. That acqusistion was not a direction Plasticon should have gone in and did not reflect their position in the current business model. Semco is a different story in that the products compliment the current business model. The time killer here is nothing more than the chemical analysis for the products. Heck we're lucky in the state I'm in to get a simple DNA test back in 6 months from the state labs because there is such a backlog. I will be tickled if they finish the Chemical analysis up in just 4 or 5 months. However I do believe they are in the final stages as the Pr's have stated. No need to worry yet. IMO they are moving along fine. GLTY
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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posted
I still stand by my statement Stock. I asked this very question of Bill Howe and that was the answer I got.
quote:Originally posted by StockHunter: Reply to myself: Just found a reference to beneficial ownership in PLNI showing that Mark Driver, the owner of ATG Sports has 146 million shares of PLNI. Looks like they did buy the company. Funny that we don't see their products promoted on the website.
Its interesting that he comes from St. Louis, which is where ProMold is located. Maybe that's how PLNI found out about that opportunity.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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posted
Chopper, thanks for the clarification. Makes me wonder how Mr. Driver came to own all that PLNI stock though.
There are still some things that puzzle me regarding SEMCO.
Who is providing them with the financing of this supposedly non-stock deal? With the tremendous value proposition of this acquisition, why would SEMCO sell without demanding an equity stake in Plasticon. It seems unlikely Plasticon can borrow enough to buy them for anything close to what the combined companies could be worth in several years. If it were me, I'd demand a stake in the company's future.
Of course, they may be playing games with the terminology. There are ways to issue equity participation through preferred stock, options, secured debt, etc... that don't initially require the issuing of stock. I would think they would have to get approval of shareholders first, but I'm not an expert on legal matters regarding non-reporting companies.
Not knowing is a beetch, but I can't complain too much since the lack of transparency is what provides cheap entry opportunities. Can't have it both ways. Not legally, anyway.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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posted
Stock, The Semco deal as well as Promold are being privately financed. A simple call to Bill Howe will give you the info if you like. My understanding is they have a very stable credit line which alows them to expand without diluting the stock. This is all stated in their PR's. The current 1.8 billion share O/S will not mean Squat as the revenues increase. If the principle parties (Turek and Directors) owned 75% of the stock at 2Billion A/S then in my calculations that = 1.5 Billion shares with a 500 Million float. They have stated in a PR the 200 million buyback is complete, which still gives Turek and Directors 72% of the control. A call to Big Apple will also confirm that. I already have called. Either you swing this in between pr's or you just hold long. Both ways IMO make PLNI a great play.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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posted
Murnak, That Biz Plan is way outdated and is being revised this very moment. The new biz plan will be published this month IMO. I believe the old one was meerly a rough draft of disjointed information that may or may not be included in the final published work. Big Apple and Plasticon are working on the Business plan/model now for all investors especially Institutional folks. Big Apples part is to Promote the company to the Big Boys. Plasticon still is in total charge of all Press releases.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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just to clarify....the 200 million shares was a "retirement" not a buyback. From what I understand they will be addressing a "possible" buyback after the audit is completed.
quote:Originally posted by successinstock: Chopper...
just to clarify....the 200 million shares was a "retirement" not a buyback. From what I understand they will be addressing a "possible" buyback after the audit is completed.
GLTY
It was also a bit disingenuous of them to call it a retirement. Outstanding increased from 1.4 billion to 2.0 billion without a peep of a PR. So in reality, they issued 600 million quietly, retired 200 million publicly and got a feel good PR out of it. I think the daily boatload of stock WDCO is offering represents some of those 400 million shares issued. If not for those shares meeting every wave of buying, we would be well above .02 already, IMO.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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posted
Stockhunter... Do you have anything concrete that says the stock WDCO is trading is from that?
quote:Originally posted by StockHunter:
quote:Originally posted by successinstock: Chopper...
just to clarify....the 200 million shares was a "retirement" not a buyback. From what I understand they will be addressing a "possible" buyback after the audit is completed.
GLTY
It was also a bit disingenuous of them to call it a retirement. Outstanding increased from 1.4 billion to 2.0 billion without a peep of a PR. So in reality, they issued 600 million quietly, retired 200 million publicly and got a feel good PR out of it. I think the daily boatload of stock WDCO is offering represents some of those 400 million shares issued. If not for those shares meeting every wave of buying, we would be well above .02 already, IMO.
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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quote:Originally posted by Bearclaw: Stockhunter... Do you have anything concrete that says the stock WDCO is trading is from that?
[/QB][/QUOTE]
This is my opinion based on observations of WDCOs trading. They showed up about a month ago and have followed a pattern consistent with methodically unloading a considerable block of stock. So far they have sold between 40 and 100 million shares by my rough calculations. Based on volume analysis, it is highly doubtful anyone accumulated that many shares in the open market before the run above .01, so its most likely stock from private issuance. I've ruled out naked shorting since they actually try to support the stock when there is a lack of news and bidders. When buying shows up [from news--on the open--on the close] they step ahead on the sell side and take the lion shares of the sales for themselves.
But, this is just my opinion and I could be wrong. I base it on my 30 years experience making markets and following markets. I did some googling on WDCO last weekend and did find a reference possibly implicating them in some shady shorting of a stock in 2000, but this action just looks more like someone selling long, rather than someone trying to drive the price down.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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posted
Hello to all. I've been watching PLNI for sometime now but I'm not convinced yet that it's worth investing in it. I read a lot of PRs but the only real facts I know of are the deals with Bluelinx and R&S Manufacturing. And even about those deals I couldn't find the exact terms ie how profitable they would be for Plasticon. What makes me very sceptical about this company is that CEO Jim Turek and other company officials have stated repeatedly that audit would be shortly completed but as of today that's just broken promises. Well, can anybody provide me with some hard evidence about this company? Like sales turnover, profits, cash flow, debt etc? Anything that could convince someone to invest in PLNI.
Thanks you in advance
Posts: 9 | Registered: Oct 2005
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posted
Tavil, I can only tell you to go back and look at the Pr's and look just a little closer this time. In my years of management experience I have rarely seen a project go Perfect. Weather it be an acquisition, construction project, grand opening ect... I am sure if the only thing Plasticon was working on was their original audit that would have been reported on time. Ad a couple of acquisistions and the DD required to complete them, application to the OTC/BB, current shipping needs, developement of additional products and all the other day to day management issues and you have a great mix for DELAYS. As far as all the items that you mention dealing with sales, debt, cash flow and the like, that would be in the released financials and in their P&L report. Do as you wish in investing in the company as you really should conduct your own dd. But I beleive in between .011 and .013 is a bargan and it will not stay here for much longer. GL
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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posted
Thanks very much for your answer. I understand that management has many things going on at the same time but it seems very odd to me that an audit takes that long to be completed. I have to admit I'm not familiar with the whole procedure of auditing and that's what I try to find out. Anyone here knows anything about this procedure? Is it normal to take so long? I'm sorry that I keep asking this question but eventhough I'm prepared to risk some funds on this company I do not like to bet on a lose-lose situation. Also you mention that PPS 'between .011 and .013 is a bargain'. Do you base that on a gut feeling, TA, or some other info? Again, thanks in advance for all your input.
Posts: 9 | Registered: Oct 2005
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posted
News for 'PLNI' - (Plasticon Will be One of Nine Presenting Companies at Microcap Conference in Barcelona, Spain)
LEXINGTON, Ky., Oct 4, 2005 (PRIMEZONE via COMTEX) -- Plasticon International Inc. (Pink Sheets:PLNI) is pleased to announce that Bill Howe, a senior consultant for Plasticon International, will be presenting Plasticon International to the European investment community at a microcap conference in Barcelona on Thursday, October 6th.
"We believe that Plasticon will find a very receptive audience in Europe," said Jim Turek, President and CEO of Plasticon International. "As a leading green company in the U.S. that has demonstrated profitability, we believe that Plasticon will appeal to environmentally conscious European investors who are interested in a company that will improve the environment for future generations and will also benefit our shareholders as we continue to grow. Getting our message out to the European investment community is an important part of our strategy to expand our shareholder base."
The conference is sponsored by Thieme Consulting, Inc., led by President Heiko Thieme. Mr. Thieme is also the Chairman of the American Heritage Management Corp. The conference will feature nine companies, from industries such as solar energy, mining, biotech and manufacturing. Additionally, fund managers from Austria, Switzerland, Germany, London, Luxembourg will be attending. The event will be covered by European media as well as U.S. media, such as Bloomberg News.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, plastic lumber, and office supplies which are all produced from recycled and recyclable plastics. Plasticon is a leader, an innovator of cutting edge design, engineering, and production of industrial and commercial products. Plasticon is a green company, environmentally-friendly, using recycled plastics to produce its line of products.
Posts: 1326 | From: Providence,RI,USA | Registered: May 2004
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posted
Plasticon Will be One of Nine Presenting Companies at Microcap Conference in Barcelona, Spain Barcelona is one of the hubs that they have established in Europe for obtaining recycled plastics by the way.... Are they gearing up to build a plant in Europe????? Makes me wonder Hmmmmmmmm
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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My pick last go around PAPO, went from .01 to .0336.
My next pick for a run to .02 and above is PLNI. My PAPO source tells me that some heavy buying is going to come into PLNI soon, with additional news to come (this presentation in Spain is bigger than we all perceive it to be).
GLTA
Posts: 871 | From: New York, NY | Registered: May 2005
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My pick last go around PAPO, went from .01 to .0336.
My next pick for a run to .02 and above is PLNI. My PAPO source tells me that some heavy buying is going to come into PLNI soon, with additional news to come (this presentation in Spain is bigger than we all perceive it to be).
GLTA
Interesting. And it better be. Past presentations have been smaller than we all perceived them to be...
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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