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fast, actually that was going off all losses over the past 5-6 years. Using PLNI(going long, no swinging) I would need a PPS of .125 to break-even. I would be more than happy with 1/2 back. Looks like the EOD drop continues. We need some traction!
Posts: 225 | Registered: Jun 2005
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If it didn't trade so tightly I would say try to swing Cold. But it's almost impossible with only 6 clicks in between and volume under 20 million. Last Friday would have been a good day with the 11 point swing. We may actually start to see a heavier buying pattern soon with the Pro Mold deal aproaching. GLTY
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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From the Green Baron Tuesday, October 25, 2005
Webcast with Plasticon Intl. (PLNI)
The webcast scheduled with Plasticon CEO Jim Turek and consultant Bill Howe should be available very soon. The interview is still scheduled to occur this week. Again, the Company wanted to deliver a very powerful webcast filled with solid information about developments. We will notify all our members as soon as it is available.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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Increased Demand for ProMold, Inc. Products Leads to $1 Million Backlog of Orders Wednesday October 26, 8:30 am ET
After Completing the Acquisition of ProMold, Inc. on November 9, Plasticon Will Begin a 6 Day Per Week, 24 Hour Per Day Production Cycle to Meet Demand
LEXINGTON, KY--(MARKET WIRE)--Oct 26, 2005 -- Plasticon International Inc. (Other OTC:PLNI.PK - News) announced today that upon completion of the acquisition of ProMold, Inc. on November 9th, the company will adopt a 6 day per week, 24 hour per day production cycle to meet increased demand. ProMold, Inc. currently has a $1 million backlog of orders.
"The quality of ProMold's molding products is second to none in the industry," Mr. Turek said. "The recent natural disasters that destroyed billions of dollars of property in the U.S. led to a dramatic increase in construction projects and this in turn has led to increased demand for high-quality construction products. We project that demand will be on the rise for the foreseeable future. The recent $1 million backlog of orders for ProMold's products demonstrates that they are highly sought after in the industry. Again, we are looking forward to completing this transaction, which will dramatically increase our production capacity and add to our bottom line. Upon completion of the acquisition, we will immediately work to fulfill these orders."
Mr. Turek also mentioned that ProMold, Inc. is currently profitable and has contracts that are worth close to $5 million annually. "ProMold, Inc. is one of the premiere injection molding companies of the Midwest. When Plasticon takes over the ProMold facilities, we will be able to reach up to $20 million in production and sales annually as is. And with the addition of the new high-capacity molding machine that we recently purchased, the plant will now be able to produce up do $28 to $30 million in production and sales annually," Mr. Turek said.
Mr. Turek will be appearing on American Scene Radio with Steve Crowley on Thursday, October 27 between 9:10 and 9:30 AM to discuss the ProMold, Inc. acquisition and other recent developments with the company. (The program can be accessed at www.americansceneradio.com) For more information about the Plasticon International and for important updates, please visit the Plasticon web site online at www.plasticonintl.com. Plasticon was recently featured in Investor's Business Daily and can be viewed on the Investors.com web site at: http://www.investors.com/corporatenews/nw111.asp. It can also be viewed on the Plasticon International web site at: http://www.plasticonintl.com/manofrecycledplastic.pdf.
-------------------- 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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Not on Etrade. As a matter of fact, I haven't gotten any releases on Etrade for any pennies.
Posts: 871 | From: New York, NY | Registered: May 2005
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figures,,, sold it 2 days ago for a loss....
-------------------- I don't play well with others, and have a problem with authority. I love to see the big guy fall to the under-dog. Posts: 192 | From: New Jersey - Armpit of the World | Registered: Jul 2005
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The news came out over market wire my broker etrade does not pick that up for some reason so I check knobias every morning.
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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BLUELINX Adds Hotline For Plasticon Recycled Rebar Vendors 08/31/2005 LEXINGTON, KY -- (PRIMEZONE) Plasticon International Inc. announced that the BLUELINX Corporation has a new direct customer service line for vendors who are interested in Plasticon's patented rebar support products. BLUELINX Corporation, the largest building distribution company in the United States, serves as the exclusive domestic distributor of Plasticon's patented recycled rebar support products. "Our relationship with the BLUELINX Corporation continues to grow, and we couldn't be more delighted," said Jim Turek, President and CEO of Plasticon International. "Our exclusive sales agreement with BlueLinx gives us a major competitive advantage in our sector. As we continue to build the relationship, we will of course strive to improve our products and services. With that in mind, we are announcing a new direct customer service line at BLUELINX for vendors who are interested in ordering Plasticon's patented line of rebar supports."
The Eastern Division of BLUELINX can be reached at 800-839-2588 (please ask for Michael Thornton - X 35547) or Thomas Fowler (ext-35562). The Western Division of BLUELINX can be reached at 800-830-7370 -- please ask for Mark Gariepy (ext-66069).
For more information about Plasticon International, please visit the Plasticon International web site at www.plasticonintl.comPosts: 72 | Registered: Apr 2005
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Well, I thought the PLNI PR was pretty lame, but it wasn't the most lame PR MAPPLE put out today. After reading the HISC PR I finally dumped it. I just can't read any more of Big Apple's hollow fluff. The HISC PR said California could solve a missing vehicles problem if only they used HISC's product. Of course the lack of any reference to an actual contact between the state and HISC, or any interest whatsoever is quite glaring.
The PLNI PRs have been marginally better, but still sound desperate to me. Like someone who feels they have to say something just so everyone knows they're still in the room. But if what you say isn't interesting, people will get tired of you. I'd rather see silence and hope for the best, than see these silly PRs touting capacity or hours of operation. Geez, as far as we know, they may already be running 6 days a week.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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That HISC PR does sound lame (I'm not in HISC), but this PLNI PR looks pretty good to me. One problem: saying they'll go to 24 hour production 6 days a week is almost meaningless without knownig what it is now. (i.e. how much of an increase it will be). But they are talking about hard numbers (that darn well better be verified by the audit). And they keep restating the Nov. 9 closing date, and they'd be insane to make a promise like that if they didn't think they could keep it. The response isn't all that strong yet because of past letdowns and everyone is waiting for the audit.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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State... I think they are running two shifts now...This adds a third shift...I'm trying now to find out if they are working five days or six...Does anyone know for sure...Chopper you know!!!!!Give us the scoop...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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quote:Originally posted by Bearclaw: State... I think they are running two shifts now...This adds a third shift...I'm trying now to find out if they are working five days or six...Does anyone know for sure...Chopper you know!!!!!Give us the scoop...
thanks bear.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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We need hard sales and total backlog numbers for their construction products. They don't need the audit to give us an approximation with unaudited results.
The $1 million ProMold backlog might be what they normally run over there for all we know. That only comes to .00056 revenue/share anyway. Plus we still don't know how they are financing the move so its difficult to put a pps metric on the number.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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State and Bear, Last I heard Plasticon was farming out all their work to 3 different factories. The volume of orders have jumped dramatically with the distribution partnership with Blue Linx and orders from RS Manufacturing. This sudden jump has overtaxed the production time share deals Plasticon had and hence the Immediate need for Pro Mold. I believe they will continue to have these other factories on line in addition to Pro Mold to meet the needs untill they expand Pro Mold and/or acquire another facility on one or both coasts. Yes and you read that right... Additional production facilities! Pro Mold, Prior to the deal did not produce any of Plasticon's products and my intel says Plasticaon shipped several new molds to Pro Mold last week and are actually producing the product starting this week on the New Toyo injection mold machine. If you checked in the St. Louis want ads a few weeks ago, Pro Mold was looking to hire additional Technicians, Engineers and Production line workers for a 3 shift work schedule to meet the ramp up of volume. Hmmmmmm I believe I read somewhere that they were looking for additional factory and warehouse space as well. Sounds to me like some pretty serious stuff going on guys. I'm not worried at all on the IF factor of audits and aquisitions. It will happen. GLTA
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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OK ...so the production was with outside contractors...This added 6 day 3 shifts at ProMold will be on top of the existing production at the plants they are contracting with now... The increase in production is hard to determine...We would need those numbers from PLNI...I think I have this right now...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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quote:Originally posted by Chopper: If you checked in the St. Louis want ads a few weeks ago, Pro Mold was looking to hire additional Technicians, Engineers and Production line workers for a 3 shift work schedule to meet the ramp up of volume. Hmmmmmm
Chopper, Very good intel. I'm a big believer in looking at what they do, not what they say. Hiring for a new shift confirms the ramp up.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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And stock, $1 million in backlog for any pink sheet stock is impressive, even in light of how that translates across pps.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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Chopper... Great info...thanks....I heard PLNI was looking at a facility across from Pro Mold... appproximately 10,000 square feet....to take care of the added production needs...You have any intel on that...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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Bear, I may have not made the answer very clear.
1. Pro Mold has not and did not produce any Plasticon products prior to the acquisition talks.
2. The 24/6 that was PR'd was in addition to the current plant production in the other factories. I believe production is scheduled to sart this week to establish a rhythm on the injection mold line and bring it up to full capacity by November 10th.
3 Pro Mold is already on a 24/6 production schedule with their current client base. Which means a current revenue stream of 5 million plus dollars.
4. What the increased capacity may be is hard to tell.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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quote:Originally posted by state780: yes--super intel from Chopper.
And stock, $1 million in backlog for any pink sheet stock is impressive, even in light of how that translates across pps.
Yes, its alot for a pink but for me its ALL about PPS. I believe this company is ramping up production, growing revenue and could become a large company one day. But the current low pps is the result of dilution and there's no way around that. From what I read [and naively believed] on the BBs and company PRs, I thought we would see under 1 billion o/s by now, not 1.8 billion. Since I am in this game to make money, this matters most to me.
When a company says one thing and does another, I worry about what they're not telling us and why. They have to finance these deals and that means either more shares or more debt. Dilution does not reduce gross profit but reduces profit per share and thus pps. Borrowing reduces net profit. Until we know the cost of financing these deals and any likely future changes to capitalization we really don't know what this company is worth. Thier poor record dangling carrots that are out of reach doesn't help much.
Read through the PRs for the past couple years then think back to the old "Our Gang" Little Rascals movies. What comes to mind?
Remember the donkey that used to pull their cart? They had a stick attached to the front of the cart with a carrot dangling from it in front of the donkey. The donkey kept plodding toward the carrot, but the carrot never got any closer.
Its time for this company to cut the string and let the donkey enjoy the carrot. Or at least take the carrot away so we can stop pulling the cart.
-------------------- 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 Thorn: I see an interesting metaphor hidden in your story, naming those who keep holding when they see that the carrot is not getting any closer.
In other words, if you really see it in those terms and are still holding out, it isn't the carrot or the string that is the problem.
Your criticism is well placed. I plead guilty to believing the timelines more than I should have. Missed many other opportunities out of fear of missing the big announcement here. I bailed out of one a few months ago, just to watch it jump over 100% that afternoon on an announcement. Guess the sting of that one influenced my holding here.
In all likelyhood, there will probably be plenty of upside left after buying audit news gap, so waiting and watching may not be a bad strategy.
I lightened up a few weeks ago [though not enough], but am holding some here because the charts show we're close to good support. Also, if the story is as strong as it appears, a big construction company may just take them out. In that case there will be no chance to get in after the news. [Just my opinion, not info or rumor].
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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All it is going to take is pro mold going down and the audit figures after that.Semco would be nice and worth a bigger pps but it is not going to mean that much. If the first two things can be done in the month of Nov. on time Turek will have reclaimed his credibility and all will be fine. If not we are done for at least 6 months or longer. You would need nitro to get the pps up and this will be tradeing where i first bought in .003 and that was not that long ago. At one time wikland had a high of .45 and Mr. Turek managed to mouth it down then
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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ouch...Told you guys I was bad luck! PPS is now below my original .0095 GTC order. EOD BS with PLNI continue's....Now VFIN has control. Looks to me like the MM's are tag-teaming PLNI. Bawhahahahahaha!!
Posts: 225 | Registered: Jun 2005
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Thats ok cold, dont bash this until next wednesday. I'm buying a big chunk on tuesday, and your bashing usually raises the pps. By next wednesday, I'll be fully loaded and ready to win (or lose) on the 7th.
-------------------- 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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-------------------- 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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Yeah, VFIN came out of the blue yesterday and still putting the lid on. The volumes they're trading make me wonder if they are the new WDCO. MDAS was there again today as well [the Korean MM]. They've been gone for a while, but sold a bunch a couple months ago.
The charts won't mean much if new shares are being sold into the market.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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