-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
| IP: Logged |
posted
Sure hope I didn't bring the black plague to PLNI by buying back in. Bad luck seems to follow me.
Posts: 225 | Registered: Jun 2005
| IP: Logged |
Spoke with Mapple WED and inquired about the O/S and he is saying the same 1.8 B(so thats positive anyway)
Asked what is the biggest concern among all the investors he speaks with and low and behold its the Audit(imagine that).....I asked him to clarify whats being done and he told me that '03'& '04's will be audited, and the '05's through the 3rd quarter will be unaudited but still meet SEC reg's for filing and in quote" I expect that any day now" (at least were past very soon!!)
Next week should be a good one, per past results they always drop it real hard before a POSITIVE (non fluff) PR that runs us pretty hard so thats what I'm expecting. Per Choppers post above I hope he took his pen with him cause I would have sent him one to take if he didnt have one!!!
have a good week end all and GL next week
Posts: 952 | From: OH | Registered: Apr 2005
| IP: Logged |
posted
Get ready to run next week i can't say if kick off will be monday but next week for sure imho if it does not run i will personaly buy Jim Turek a years supply of cheese burgers glta
Posts: 6008 | From: phoenix az | Registered: Mar 2005
| IP: Logged |
posted
clbgroove, Thanks for the DD. That is probably the main hold up in regards to the audit. Having to do all those back-dated audits first.If the numbers are all out by the end of October and with Mapple pushing some, PLNI could have a OTCBB listing by Christmas.
Chop, so we dump the shares at around .012 and buy back around .0055? I think I'm learning here!
Posts: 225 | Registered: Jun 2005
| IP: Logged |
posted
Nooooooo! No dumping untill this thing tops out now Cold. We get a hard PR and you'll be chasing this thing up all day. We get Audits behind a hard PR and you'll never catch it and the stock may run for 3 days.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
| IP: Logged |
-------------------- Current penny stocks owned: PLNI, VWKM, AMHD. And yet none of them are moving anywhere.... Posts: 401 | From: Iowa | Registered: May 2005
| IP: Logged |
posted
Looks like no news today. Maybe next month...
-------------------- Current penny stocks owned: PLNI, VWKM, AMHD. And yet none of them are moving anywhere.... Posts: 401 | From: Iowa | Registered: May 2005
| IP: Logged |
When you met w/Turek did he address the 400 million shares they issues recently? I know you said he personally did not sell shares, but the big question is how many shares are they distributing into the market.
Its frustrating to see a flood of all buy orders this morning and the stock goes nowhere as WDCO still is selling tons of stock, presumably from or through PLNI. Plus Jim and Bill plan another road show to Green Baron this week. That probably means no good news [i.e. audit] this week. They need to keep buyers in there to sell more shares, IMO.
I don't imagine Turek could confirm or deny they are selling shares, but if you asked, I'd like to know how he avoided the question.
Thanks.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
| IP: Logged |
quote:Originally posted by StockHunter: I don't imagine Turek could confirm or deny they are selling shares, but if you asked, I'd like to know how he avoided the question.
If they are selling shares into the public market, why could they not discuss it?
-------------------- Current penny stocks owned: PLNI, VWKM, AMHD. And yet none of them are moving anywhere.... Posts: 401 | From: Iowa | Registered: May 2005
| IP: Logged |
posted
Hang on here come the sub pennies i gotta stay now might as well get ready to buy
Posts: 6008 | From: phoenix az | Registered: Mar 2005
| IP: Logged |
If they are selling shares into the public market, why could they not discuss it? [/QB]
It would defeat the purpose. People would stop buying and many would dump. There are still those who believe thier spin that they are trying to reduce shares or even buying back shares. After they issued the stock, they actually issued a PR stating they "retired" 200 million shares. Many on this board trumpeted that news as a sign they are in a share reduction program. All they did was quietly issue 600 million, followed by a vote to retire 200 million. Technically the retirement is correct, but it is wholly misleading.
I'm in this stock because of the products and potential, but I would never have kept so many shares for so long had I known how they were going about raising funds. Mr. Turek came out of marketing and he knows well that if you tell people what they want to hear, they will follow you down primrose path.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
| IP: Logged |
posted
Sure looks that way StockHunter i held on to long bad misstake to make in the pennies
Posts: 6008 | From: phoenix az | Registered: Mar 2005
| IP: Logged |
If they have to sell all the shares they issued, there could still be 250 million more to go, by my estimation. All IMHO.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
| IP: Logged |
posted
I really think Turek got himself in a mess and one side of his triangle is going to bleed.He needs money,he needs a good pps to finish his deals,and he needs an audit at this time to get his pps up.
Posts: 6008 | From: phoenix az | Registered: Mar 2005
| IP: Logged |
posted
And imho if they hit the g/b with more fluff and no meat to tell anybody it will make things worse
Posts: 6008 | From: phoenix az | Registered: Mar 2005
| IP: Logged |
posted
I still think there could be money, maybe significant money, to be made here. The risk is much higher than I originally thought, though. If they are misleading us on shares/audit/numerous other dates, then can we trust them on the product and business side?
What I need to see is the addition of a seasoned management profession to the team. Other than that the stock will run when they are done selling shares. The audit/OTCBB and full reporting won't likely occur before then. Every trip to a road show means the audit news is not coming soon, IMO.
Thought I was taking the prom queen out for a fun night on the town but woke up married with a brood of very hungry children.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
| IP: Logged |
quote:Originally posted by bond006: I really think Turek got himself in a mess and one side of his triangle is going to bleed.He needs money,he needs a good pps to finish his deals,and he needs an audit at this time to get his pps up.
I agree with you Bond. Its kind of a catch-22. Needs the stock up to get this thing to the next level.
Talk about leverage. If pps goes up, the value grows exponentially [more money for less dilution and quicker resolution of outstanding deals]. But if pps goes down, they get hit from all sides.
Higher reward is rarely there without higher risk. All said, I'm still holding. I'd rather buy on strength now than add on weakness.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
| IP: Logged |
posted
Of course there could be money here thats why i am still in and i hope we are both right but Turek has to be a little more transparent with his stock holders he knows where he is on the numbers.If not a release of unaudited numbers just some sales figures. It would not have ment that much had he not made an issue of it so many times and kept giving dead lines.Now Matt states that it is the number one Question he hears every day in regards to plni and that was posted here on this board. The share holders need meat of some form or they will sell off it is not being negative it is just the way things are us longs need help now from Turek,Matt,or Howe. glta
Posts: 6008 | From: phoenix az | Registered: Mar 2005
| IP: Logged |
posted
Um, guys, how much of this is rumor and what are the facts? Just because WDCO is selling, how can you jump to the conclusion that PLNI is the source of the shares? Let's stick to the known facts here or else the rumors will do worse things than the MM's.
-------------------- May your trading build your character as well as your portfolio. Posts: 1763 | Registered: Jan 2005
| IP: Logged |
posted
It appears to me, that they are going to get hit from all sides!!! Turek has been dumping shares on the market for a loooong time now, deceiving shareholders about it, and it has finally caught up with him....Turek and Howe have lost all credibility with me...and many other investors, and fluff PR's, unaudited financials, or sales figures aren't going to fix that....
-------------------- ***********************
It's all in the timing... Posts: 4303 | From: DSA | Registered: Dec 2003
| IP: Logged |
quote:Originally posted by buckstalker: It appears to me, that they are going to get hit from all sides!!! Turek has been dumping shares on the market for a loooong time now, deceiving shareholders about it, and it has finally caught up with him....Turek and Howe have lost all credibility with me...and many other investors, and fluff PR's, unaudited financials, or sales figures aren't going to fix that....
I don't think Turek is dumping anything. I think he is somewhat inept at closing the deal.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
| IP: Logged |
quote:Originally posted by bond006: If not a release of unaudited numbers just some sales figures.
Absolutely. That's something they can and should do. If sales are ramping investors will be willing to give them the benefit of the doubt on other matters.
Interesting aside: I was hiking along the coast a couple weeks ago sifting through the interesting driftwood and trash that often washes up on shore. A piece of plastic caught my eye because it looked like something from Plasticons website. Turns out it was an Aztec E-Z Chair[a plasticon competitor]. There are a number of bridges undergoing retrofit work near here and a new bridge was completed upstream a ways, so I guess it fell from there. Plasticon will eventually get the west coast Blulinx warehouses stocked and could compete for this business.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
| IP: Logged |
posted
State...are you saying that you don't beleive the company has been dumping shares...come on man, this has been going on for months now. If not Turek and Plasticon...then who's dumping??
quote:Originally posted by state780:
quote:Originally posted by buckstalker: It appears to me, that they are going to get hit from all sides!!! Turek has been dumping shares on the market for a loooong time now, deceiving shareholders about it, and it has finally caught up with him....Turek and Howe have lost all credibility with me...and many other investors, and fluff PR's, unaudited financials, or sales figures aren't going to fix that....
I don't think Turek is dumping anything. I think he is somewhat inept at closing the deal.
-------------------- ***********************
It's all in the timing... Posts: 4303 | From: DSA | Registered: Dec 2003
| IP: Logged |
quote:Originally posted by Thorn: Um, guys, how much of this is rumor and what are the facts? Just because WDCO is selling, how can you jump to the conclusion that PLNI is the source of the shares? Let's stick to the known facts here or else the rumors will do worse things than the MM's.
Since we have few confirmed facts regarding this company, we can only look at actions and try to reason the possibilities. We know WDCO has sold over 100 million shares and is still selling. We know they started selling after the number of issued shares increased from 1.4 billion to 1.8 billion. Given the float and price action, we can assume no single entity purchased hundreds of millions of shares in the open market to sell here. That leaves insiders sales [of which there are only a handful], the company, or some person or entity that received shares since the last reporting.
According to downdraft, Turek said he himself was not selling. If these are sales from some entity other than the company or insiders, they certainly are benefiting the company since they likely were issued by the company. There could be any number of complex transactions that could account for where these shares are coming from, but ultimately they come from the company for their benefit.
There is one other possibility, that of naked MM shorting. The only reason a MM would attempt this manipulation is if they know something we don't. These games are played with hopeless companies that can not defend themselves. If half of what this company has presented is true, no MM would pick this stock to drive into the ground -- they'd be playing w/fire.
I've been in this business over 25 years and learned that every time I think I've covered all the bases they throw in a new twist. I may end up saying, "wow, I didn't think of that" when all this comes out, but for now I'll go with what makes sense.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
| IP: Logged |
posted
There has to be a way to find out where WDCO is selling these shares from. I'm not real familiar with MM rules, but I think they should have to list where these shares are coming from somewhere. Any suggestions on where to look? Can you just call and ask them?
-------------------- Current penny stocks owned: PLNI, VWKM, AMHD. And yet none of them are moving anywhere.... Posts: 401 | From: Iowa | Registered: May 2005
| IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Wink]](wink.gif)
