posted
Good luck Downdraft its a great thing you are doing for us i will have 5 stars for you to
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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quote:Originally posted by Chopper: I'm not really sure what Downdraft will be able to squeeze out of Plasticon Man but best of luck to him.
Yes, best of luck. Although if I were superstitious I would place about the same amount of hope in a pilot nicknamed "downdraft" as I would in a doctor called "terminal" or a NASCAR driver named "crash."
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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quote:Originally posted by downdraft: I am leaving for Lexington tonight and will be at the PLNI Office on Oct. 11th, at 0900. I spoke with Mr. Turek today and will meet him when I get there. I mentioned to Mr. Turek that I represent a group of Airline Pilot's and I wanted to ask a few questions. He said he would be happy to speak with me but had boundaries he "wouldn't Cross", I said, of coarse. I just want to get a better feeling for the long term etc. I also want to see some sample products, and get the nuts and bolts answers.
Questions:
1. What is the debt service to Semco going to be? 2. What is the debt service to Pro Mold going to be? 3. What is the actual Gross profit/net profit today for PLNI? 4. What do you expect it will be after you have Semco and Pro Mold in full motion? 5. Where do you see PLNI in Europe today and 2 years from now? 6. What are the plans for the 1, 2 and 3 year marks? 7. Will we make the NASDAQ OTC? 8. Will we make the NASDAQ in 5 years?
I will let you guys know what I find out that is worth talking about. Wish me luck..!
Downdraft -- Good Luck on your trip and thank you for your efforts. If you could ask just one more very important question, ask Mr. Turek where the 400 million shares that were issued this year went. Market maker Wilson-Davis (WDCO) has been selling 3 - 6 million shares a day for over a month now. Ask Mr. Turek if these shares are being sold by Plasticon, himself or other close insiders and why? We need to be assured that they are not issuing rosey PRs just to get us to finance the company through stock sales.
For me, there is a dissconnect between the prospects as they have presented them, and selling up to hundreds of millions of shares at these prices.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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posted
That is "the" question that has concerned me for quite some time now....
If you could ask just one more very important question, ask Mr. Turek where the 400 million shares that were issued this year went. Market maker Wilson-Davis (WDCO) has been selling 3 - 6 million shares a day for over a month now. Ask Mr. Turek if these shares are being sold by Plasticon, himself or other close insiders and why? We need to be assured that they are not issuing rosey PRs just to get us to finance the company through stock sales.
For me, there is a dissconnect between the prospects as they have presented them, and selling up to hundreds of millions of shares at these prices. [/QB][/QUOTE]
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It's all in the timing... Posts: 4303 | From: DSA | Registered: Dec 2003
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quote: Downdraft -- Good Luck on your trip and thank you for your efforts. If you could ask just one more very important question, ask Mr. Turek where the 400 million shares that were issued this year went. Market maker Wilson-Davis (WDCO) has been selling 3 - 6 million shares a day for over a month now.
EXCELLENT point--that would be a good question to ask!
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
Remember the old addage: "ACTIONS SPEAK LOUDER THAN WORDS"
If the company's actions involve distributing shares into the market, then all those flowery words [PRs] don't add up.
The PR for the Spain trip should be interesting. Will we get a distribution/partnership contract announcement with a real credible company? Or will we get -- "major" (un-named) companies are "very interested".
Will they tell us how "excited" and "thrilled" they were by the "enthusiastic response" by the (un-named) "major" european institutional players?
I don't think I could take another "we are in the final stages of completing our _______(fill in the blank --audit/Semco acquisistion/ProMold closing)"
The number of shareholders has grown from less than 1000 to 3800 so far this year. Too many people sitting on shares for too long without some solid follow through on the promises. At some point the money flowing in from new investors will not be enough to cover the impatient and dissillusioned who start to bail.
When I first got into this stock in May, someone I felt was credible made a post claiming that Turek told him the 1.4 billion share shares outstanding was still valid and hinted they would be reduced in the future. Since then the dilution has been 28% in less than 4 months [1.8 billion as of 9/1/05].
To illustrate the importance of issuing shares, lets take an extreme example: If you bought $1000 worth of Microsoft on the IPO in 1986 it would be worth about $10,000,000 today. But if Microsoft had issued shares at the same rate as Plasticon has over that time, your $1000 investment would be worth $93 today.
The greatest fundamentals in the world won't matter if shares are issued faster than the company grows.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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posted
Oops! I screwed up the MSFT example math. Actually $1000 invested in the IPO would be worth about $360,000 today, or about $3.35 if they issued stock at the rate PLNI has over the past 4 months.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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posted
Hi Gents, I am getting ready to go to the office and have taken a few of your questions per your requests. I will be back this afternoon with a few answers.
posted
Good luck to Downdraft I hope he get some good news that will encourage us. I was also hoping for a pr today as we are past another audit deadline that was a pr. glta
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
I want to say that some time this fluff has got to come true they are working on the things they talk about,what concerns me maybe they haven't got the juice to get her done.That should be all our major concern.
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
No worries here! Jim has the power to run and run hard. Just be Patient... GLTA
quote:Originally posted by bond006: I want to say that some time this fluff has got to come true they are working on the things they talk about,what concerns me maybe they haven't got the juice to get her done.That should be all our major concern.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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When I first got into this stock in May, someone I felt was credible made a post claiming that Turek told him the 1.4 billion share shares outstanding was still valid and hinted they would be reduced in the future. Since then the dilution has been 28% in less than 4 months [1.8 billion as of 9/1/05].
That's a major concern with most .pk stocks. The stock gets hyped so that many new investors bite the bait and the company unloads millions of stocks in order to finance its operations. Most of the earnings then end up directly to the pockets of management team through artificially inflated expenses. In the mean time, stockholders are the suckers of the story. I hope same thing does not happen in our case but what Stockhunter posts above makes me nervous... Anybody has any idea/explanation about this 28% dilution?
Posts: 9 | Registered: Oct 2005
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posted
Nope, everyone is back from Spain. I am sure we shall see how it went in the coming weeks. 1.8 billion shares o/s will mean nothing with proper revenues. I don't think Jim is buying a factory for looks. Spring construction will be here before you know it. I just hope they can handle the volume.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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I have just returned from the meeting with PLNI President, Mr. Turek. First, As I have stated before, my intentions were to come here and get some nuts and bolts answers about the business, which I have done. Second, I am interested in distributing some of their products myself.I thought I would put a few things here just to help you guys out since I was here anyway.
Here are some of the highlights: 1. A 500 ton Toyo injection molding machine was delivered last Monday to Pro Mold to add to the other 9 mold machines 75, ton 450 ton and others. “Fact” I saw the picture of the machine on the semi truck. 2. I asked about the Semco and Pro Mold, Inc. acquisitions and Mr. Turek stated they were in the final stages; we will have to wait for more official work. 3. The DOT Road sign business was something that Mr. Turek worked very hard on for many years getting approved by all 50 States. Any PLNI is going to venture more in that direction hopefully, next year. But, the timing was the only question first quarter, mid, but hopefully next year he said. 4. Mr. Turek mentioned #m has had the market tied up for years but now new technology has made plastic to reflective on it’s own without 3m reflective material. This opens up the sign business. 5. BlueLinx distribution in 63 warehouses. PLNI can supply 300 K per month inventory capacity and Bluelinx anticipated re-orders once established in outlets of 4 to 6 times per year. This is an ongoing process getting rebar supports in outlets nationwide. 6. The rebar support is the heart of PLNI and to provide a good base, cash flow said Mr. Turek. The rebar supports are approved in the CRSI Manual of practice standards Chap. 3-11 to be used as an alternative to Steel. 7. Plastic lumber is another area being explored by PLNI 8. Semco once the acquisition is complete will be another profit center than will be important to PLNI. The process is profitable and will be setting of installation and training courses at Semco. 9. Mr. Turek was very careful and when I asked a question, across the line, he was quick to say, I can’t answer that, meaning it would have to come through official channels. I respected that and moved on to other questions. 10. An important thing he said was it is a Green company, and he wants to keep it that way, PLNI is for long term investors and he feels the future is bright. He is not selling personal shares and also restricted by law. 11. Pro Mold and Semco will be holly owned considerarys of PLNI. They were financed privately by Mr. Turek 12. Mr. Turek could not go into the audit timing, I personally felt he didn’t know and was at the mercy of the auditors. He did say, the numbers will support the OTC but the audit takes more time than anticipated. The reason is beside recent financial they have to go back to 1994 and find records. 13. The Spain team is back and it looks good but he didn’t mention anything.
I asked for what about this in 2 years, the price of stock etc. and Mr. Turek would not speculate but did show a real excitement about the future of PLNI.
I feel the company is real and the people are sincere, especially Mr. Turek (nice guy) who took 2 1/2 hours out of his day to speak with me. I think the company is in it's early start of growth phase and hold on for the long term.
posted
Thank you Downdraft it is always nice to get news first hand from another investor Posts: 6008 | From: phoenix az | Registered: Mar 2005
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quote:Originally posted by buckstalker: Would still like to know what happened to the 400 mil shares that appeared out of nowhere...
Yep.
Thanks for the report, downdraft. For longtime PLNI holders, nothing really new to chew on.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
Downdraft, Thanks for the info. Did you ask him specifically to address the 400 million shares issued recently? All we know now is that he personally did not sell his shares. My guess is, if anything, he issued more to himself and other insiders. Most of the new shares are probably company shares being sold into the market. Nothing else really matters if they keep selling shares.
As to the Semco and ProMold financings, you said "They were financed privately by Mr. Turek". Do you mean Turek himself, or Plasticon? If Turek got the financing in his name, could he have issued the 400 million shares to himself in return for that financing? He could then grant some of those shares to the financial institution as collateral, and that institution could sell the shares into the market [through WDCO]. This way he gets the financing done with limited dilution of his share and can still try to legally claim it was not a dilution [as per the PRs]. All this is speculation, but without hard answers that's all we have to go on.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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posted
Downdraft, All good stuff buddy. I believe that with that 500ton Toyo injection mold machine being delivered to Promold that deal is pretty much wrapped up. Thanks again GLTY
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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posted
down...thanks for posting your info. looks like we're in for a good week, even if today is looking a little sour.
Posts: 94 | From: Philadelphia | Registered: Jul 2005
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posted
down...i also saw that you took a beating over on rb don't let those kids spoil the info sharing. it's a bb and the data should be taken for what it's worth. go plni!
Posts: 94 | From: Philadelphia | Registered: Jul 2005
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