quote:Originally posted by buckstalker: I agree State...I have just about had it with Turek and his blatant lies....he has proven to me that he doesn't care about the shareholders, just using them to keep funding his operations...
well, to be clear, I don't think of Turek as a liar, even though I understand those who do based on promises of a completed audit within a month last May (for starters). I see the problem as one of competence. Great product, but can he and his team ever close a freakin' deal? And the pps and news has been managed so badly, news that would have caused a frenzied spike half a year ago, like delivery of the ProMold machine, did nothing.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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so depressing when you loose a lot of money on company that suppose to be so good.
Posts: 326 | From: Orlando, FL | Registered: May 2005
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i should of listened to cold_up_here because he was right on the money that this stock will drop but everyone laughed at him. now he is doing the laughing
Posts: 326 | From: Orlando, FL | Registered: May 2005
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I don't understand how anyone can NOT view him as a liar...An honest person would say "we will have our audit completed as soon as we can" if he is not sure when it will be complete...A liar gives you a definate time frame again and again, and never comes through....It comes down to this...how many chances are you willing to give him, before calling him what he is? Three strikes and you're a LIAR to me! As long as traders keep believing Turek, he will keep sucking money out of them to fund his operations...period!
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It's all in the timing... Posts: 4303 | From: DSA | Registered: Dec 2003
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Well lets look at things i bought my first share of plni in April i made money because i sold at the top i rebought 500,000 shares and i have lost a lot of money.The thing that really gets me is it the same company now that it was is April. Nothing has been completed or finished.But dates and dead lines have really been thrown around in the pr's. The only thing that Turek has kept his word on so far is an r/s and i believe that he will do one at the right time, Because he has never kept his word about anything else.Fellas i am gone I do not need the fustration anymore I hope all turns out good for you. I most likley will sell in the morning follow this stock and if it looks like it will run I will get back in glta
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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I'm not very happy with the way things are going either guys. Been in since June 04 but I still am not going to sell any shares. I still firmly believe this will be at .50 in a years time. 3 to 5 years from now 1.00 to 3.00. And as I said before, I'd rather it be now but I'm sure I'll be happy with the money then. Holding till the end.
-------------------- It's only money..We'll make more tomorrow! Posts: 788 | From: Tx. | Registered: Jun 2005
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I'm also frustrated with this but I have seen this kind of drop just before a run many times. I have a hard time getting out just now cuz I know with my luck Turk will release the audit soon as I sell. If it goes down much more I will be forced to sell... Come on Turek! you are not doing your company any good like this...Your new name will be Turkey pretty soon...
-------------------- If only I knew then what I know now Posts: 145 | From: Madison | Registered: Apr 2005
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LEXINGTON, KY--(MARKET WIRE)--Oct 25, 2005 -- Plasticon International Inc. (Other OTC:PLNI.PK - News) is pleased to announce that Jim Turek, President and CEO of Plasticon International, Inc., will be a guest on the popular financial talk radio program "American Scene Radio" with host Steve Crowley. The interview will air today at 9:20 AM, and will be the third in a series of interviews with Mr. Crowley.
Mr. Turek and Senior Consultant Bill Howe will discuss several recent developments with the company, including the completion of the Pro Mold, Inc. acquisition on November 9th, and the company's exclusive sales agreement with the largest distributor of building materials in the U.S.
American Scene Radio, which has aired nationally since 1990, is broadcast to over 2.5 million investors every day. American Scene Radio listeners are active investors with a particular interest in microcap stocks. Steve Crowley, the host of American Scene Radio, has been broadcasting for over 27 years, and in his illustrious career has been the Money Editor of ABC's "GOOD MORNING AMERICA," the Producer and Host of the Personal Finance Videos distributed by U.S. News & World Report and is the author of the book "Money For Life," which was published by Simon and Schuster. He also produced the home video series "GET RICH AMERICA" under various titles for The Home Shopping Network. For more information about American Scene Radio or to listen to the live program, please go to www.americansceneradio.com.
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.
-------------------- Current penny stocks owned: PLNI, VWKM, AMHD. And yet none of them are moving anywhere.... Posts: 401 | From: Iowa | Registered: May 2005
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everyone twirl your fingers in the air and say "WOOOPDy!"
-------------------- Current penny stocks owned: PLNI, VWKM, AMHD. And yet none of them are moving anywhere.... Posts: 401 | From: Iowa | Registered: May 2005
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All I can say is they better actually close the deal on the 9th!
-------------------- You can't argue with idiots, they drag you down to their level and beat you with experience. Posts: 713 | From: MD | Registered: Jan 2005
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Bottom of the 9th, we're behind by 2. We've got 2 strikes, and bases loaded. Turek's up to bat.
Will he:
A) Strike out B) Bunt to get himself to 1st C) Hit a grand slam D) Forfeit the game
-------------------- Current penny stocks owned: PLNI, VWKM, AMHD. And yet none of them are moving anywhere.... Posts: 401 | From: Iowa | Registered: May 2005
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I was in a meeting so I didn't have a chance to catch it. Anybody listen to the interview? Anything new?
-------------------- You can't argue with idiots, they drag you down to their level and beat you with experience. Posts: 713 | From: MD | Registered: Jan 2005
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Here are the highlights Jason, Jim's interview brought out a few new things. Jim anticipates with the current trend and with Pro Molds additional production capability, Blue Linx's 63 distribution centers will turn Plasticon's product 5-6 times a year. The products are approved for use throughout Canada and all of South America and many other countries abroad. They have sold product in the Middle East, Lithowania and Russia. They are currently developing the plastic (REBAR) to complement the rebar supports. He stated as steel continues to raise in price and polymers become more cost effective the Rebar will be a huge competitor of steel in the near future which is a Multi Billion dollar industry in itself. The plastic signage will be an addition revenue source soon. He seemed very upbeat as usual.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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Jim said and I quote. "Plasticon is very good, buy our stock and we will all be very rich soon. If you do not buy our stock I will cover the earth in plastic and I will rule plastic world!" He seemed very upbeat as usual.
Posts: 94 | From: Philadelphia | Registered: Jul 2005
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Lets say that we receive no other PR's that would boost the until 11/9 when they supposedly finalize the aquisition.
Any speculation on what the PPS may reach just on that alone?
-------------------- Current penny stocks owned: PLNI, VWKM, AMHD. And yet none of them are moving anywhere.... Posts: 401 | From: Iowa | Registered: May 2005
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quote:Originally posted by Dagger Depot: Hypothetical quiz.
Lets say that we receive no other PR's that would boost the until 11/9 when they supposedly finalize the aquisition.
Any speculation on what the PPS may reach just on that alone?
No idea. There's no sound way to speculate IMHO--we're talking a pink sheet stock that is still on very thin ice even after the steady decline in recent weeks. We could be in a situation where it craters before nov. 9 and then an explosion in pps--if PLNI does something stunning like doing something it said it would -- may only bring much of us back to even (I think a lot of us, like me, are averaged around .014 or so back to May)
As for the latest fluff interview, nothing new there but more speculation. Anyone who's done minimal DD knows that Plasticon products have been used overseas. speculation about prospects about plastic rebar is pie in the sky--it's possible, technically, and I'd be surprised if it DIDN'T happen--but not on any timeline that will save medium-term investors. I expect there will be a whole new approval process for something as daring as plastic rebar.
All we've gotten from Turek is optimistic talk about all the money PLNI can make. Talk about the capacity that can be handled by Bluelinx and ProMold is just a variation on the theme. More fluff. Nothing new.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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No Idea Dagger...... However, the Pro Mold deal is really HUGE for Plasticon. I think Downdraft really had the idea nailed the other day when he laid out the logical progression of a startup company.
First they need a viable product or group of products that are almost in the consumable basic category such as rebar supports sinage surfacing treatments and rebar. Plasticon also OWNS the intellectual property rights and patents on all their products. (No Royalties to pay third parties) Second they must be able to meet the current and future demand for these products. Hence the Pro Mold Acquisition and Stratigic Alliances Signed for the continued supply of recycled plastic polymers. This was done this year here in the United States and Europe for a 10 year supply. Third they must have a Strong distribution network. Now Blue Linx comes into play. Fourth and just as important CASH FLOW. They have stated that Pro Mold's current customer base is producing 5-6 million in current cash flow without the production of any of Plasticon's current or future product mix. They have also stated they have a Solid credit line to be able to expand and aquire synergistic companies. I doubt seriously that Plasticon would spend 250k on a new Toyo injection mold machince and 500K on the molds for that one machine if they didn't have 10X that amount in contracts heading their way or in the office this very minute.
Now with all that being said, IMO the Pro Mold deal will be a HUGE milestone in the evolution and growth of this company. At that time the 30 Million dollar value of the patents have REAL VALUE as well as the Pro Mold Orgainzation and their contracts. Bring the audits and Semco into the mix and Plasticon may have a 50 million dollar or more face value this year. The answer to the question is; it really depends on How the general investing public and Wallstreet view the acquisition and its perceived value in the Short and Long term scheme of things. I would love to see the PPS break the .02 resistance and head toward .05, but who knows at this point. Make the deadlines Jim and the faithful will be recharged. GLTA
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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If Nov. 9th is the tell all date, then I guess it's best to wait until then and hear the rest of the story. Please come through this time, Mr. Turek.
-------------------- speak from your heart, invest from experience... Posts: 261 | From: Dallas | Registered: May 2005
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I just got out of a meeting and my company is giving all of us salary employees a bonus on Friday!
I'm investing 100% of my bonus either into HISC or PLNI. Guess I Have 3 days to decide if I trust PLNI enough to buy more, or if I want back in on HISC...
Hmm...Decisions, Decisions...
-------------------- Current penny stocks owned: PLNI, VWKM, AMHD. And yet none of them are moving anywhere.... Posts: 401 | From: Iowa | Registered: May 2005
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IMO, nothing happens until all promises are fulfilled. Close two deals, let's see some audited numbers, application to higher board. If you're willing to wait, get on board, if not, bail out fast. I'm thinking in terms of years, not days. Things like this do not happen overnight.
-------------------- 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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quote:Originally posted by Dagger Depot: I just got out of a meeting and my company is giving all of us salary employees a bonus on Friday!
I'm investing 100% of my bonus either into HISC or PLNI. Guess I Have 3 days to decide if I trust PLNI enough to buy more, or if I want back in on HISC...
Hmm...Decisions, Decisions...
You could also hold it in cash, wait, and watch.
-------------------- May your trading build your character as well as your portfolio. Posts: 1763 | Registered: Jan 2005
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The good news. Big retail buying shot through the offer and NITE is still bidding .0099 for more.
The bad news. WDCO is back, down at .01 after fading for a few days. VFIN has lots to sell today, but they're probably just representing some retail bailing. The 2 radio shows did next to nothing to help them sell more stock. I still don't think we get the really good news until they distribute all the shares they need to finish this program. I really hate to see them selling this low since they get less bang for the buck. Means they may need to sell more to accomplish their needs.
All IMHO, do your own DD as always.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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Picked up a boat load more today, couldn't resist. Not going to be greedy. 5-7 cents within a year is most likely a reasonable goal(I pray).That would still be in the red for me, but with a lot less pain. Not concerned with Semco. Just an added bonus if the deal gets closed. Promold and Audit we need!
Posts: 225 | Registered: Jun 2005
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