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» Allstocks.com's Bulletin Board » Micro Penny Stocks, Penny Stocks $0.10 & Under » PLNI The Next Level...Share Buyback, More to Come (Page 42)

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Author Topic: PLNI The Next Level...Share Buyback, More to Come
DQ.
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Not sure what to think anymore. This audit is so overdue it isn't funny. I was up about 22 grand in this stock and that has now been reduced to about 5 grand. Don't know what the future holds. Guess I'm going to keep holding for sure till they close on Promold and Semco.
I figured the pps would have been at .10 by now.
This is a real company with real assets gaining more assets as I type.Hmmmmmm
WTF!

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It's only money..We'll make more tomorrow!

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bond006
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You all are right this is a real co with real assets and gaining more all the time but it looks like it is playing pinkie tricks
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George
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Gapper.....

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If all goes well then great, if not, make it work.

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bond006
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here comes the sales pouring in
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bond006
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now the green right it may gap up this morning
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successinstock
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looks like the "short then cover at the close" scenario again....

buyers....i would wait until the p.m. to get your "cheapie shares".

GLTY

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bond006
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volume 30,645.234 wow
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successinstock
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they are taking it down again....

hold on.

fyi...i called the sos and they stated that the documents are not "public record"...they did say that i could send them a letter (fax) and they would issue documentation on the company that "is public record"....ie articles etc...

i called 307-777-7378 and talked to Naomi.

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jagman925
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RSI is under 30! In the past this has been the perfect time to buy this one. I'm not back in yet but thinking about it
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Murnak
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Love it! thankyou for the shares!!!!!

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It is always darkest before it goes completely BLACK!!!

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clbgroove
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The docs that I have were faxed to succuessinstock and I'm sure he will post when he gets a chance. No word out of HQ yet apparantly and its still falling!!
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successinstock
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thanks clb groove...

folks this is a filing on 4/2005. I have scanned it and can send it to you via email. the actual "amendment" is a one page document signed by Turek.

i have a request in to the Wyoming S0S for the 10/13 filing.

What have we heard from Turek on the reason/s for the increase?

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RahzM1ght
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I got out before I lost more money. This stock is plummeting everyday. No signs of going back up.
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Dagger Depot
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Successinstock, you've got PM.

If the filing can be publically posted, I'll get a link for everyone after bit. I can host it on my server for a while

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Current penny stocks owned: PLNI, VWKM, AMHD. And yet none of them are moving anywhere....

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dalton05
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I like this stock but i got out at .0105
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bond006
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There is too big of a cloud hanging over this stock right now maybe tuesday Turek will have an explanation but most of the time when you get the a/s increased it means you plan to dilute in the future some time. Ask the people that were in ican they put a gag on the t/a and 11.4 billion shares right into the float all the time blaming no rise of the pps on naked shorting of the mm's people bought it.
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cold_up_here
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Mapple is behind it all. VFIN appears out of nowhere after being on the ask for the last 6 months at .02
Look at Vfinances past history. They always have some sort of pending lawsuit. It's just too obvious Matt!! Your in Florida..VFIN is in Florida, I mean come'on!

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bond006
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Just over 72 million shares traded and a slow downward movement sounds almost like dilution already
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mbmaid
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All I know is that ever since BIG APPLE came on, the stock has gone down. Man, I'm down 60% now, even after loading up on additional shares at .0127. This sucks...I still believe in the company, and their future, but something smells here.
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bond006
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97 million shares and climbing
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bond006
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I posted this this morning somebody on R/B vcalled the T/A and they said they would have to get with the co. on the matter of A/S and O/S


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posted 31-10-2005 09:19
--------------------------------------------------------------------------------
A post from a member on R/B


« PLNI Message list | Reply to msg. | Post new msg. « Older | Newer »
By: rrm_bn4u
31 Oct 2005, 08:57 AM EST
Msg. 18032 of 18036
(This msg. is a reply to 17880 by rrm_bn4u.)
Jump to msg. #
I contacted the T/A. They indicated that it wwas their policy to refer inquirys about the Authorized and Outstanding to the issuing company. So no answers there.

rrm
- - - - -
View Replies »

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bond006
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So see something is up
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DQ.
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why such huge volume today??? Is everybody dumping now?

--------------------
It's only money..We'll make more tomorrow!

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Bilo86
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thats what it looks like
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johnny14511
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yes this high volume made it go down dumping.

but problaby good from today .........on.....

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gotta make a grand AT LEAST daily man

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Dagger Depot
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04/2005 PLNI filing:

h**p://www.favhost.com/plni/


I'll host this for a while on my server for everyone here. Feel free to show post on other mb's.

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Current penny stocks owned: PLNI, VWKM, AMHD. And yet none of them are moving anywhere....

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johnny14511
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quote:
Originally posted by Dagger Depot:
04/2005 PLNI filing:

h**p://www.favhost.com/plni/


I'll host this for a while on my server for everyone here. Feel free to show post on other mb's.

what exactly is it

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gotta make a grand AT LEAST daily man

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state780
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quote:
Originally posted by johnny14511:
quote:
Originally posted by Dagger Depot:
04/2005 PLNI filing:

h**p://www.favhost.com/plni/


I'll host this for a while on my server for everyone here. Feel free to show post on other mb's.

what exactly is it
It's (apparently) a document showing PLNI amended its share count in April so that it had 3 billion authorized common shares and 100 million preferred shares.

Do I have that right Dagger?

Because, I hate to say this, but I'm even more confused than I was in the first place.

Because--and I REALLY hate to say this--I called Matt Maguire today (aka Mapple) and he said

1. The authorized share count is 5 billion

2. It has been 5 billion for the entire time he's been handling PLNI (five months?)

3. The outstanding share count is 2 billion

4. The float is around 500 million (the latter sounded like more of a top-of-the-head estimate than the Authorized and Outstanding share counts)

I should add he was pretty disdainful of message boards and made me run through the whole explanation of the 5 billion question over the weekend even though it eventually became clear he'd gotten calls about the message traffic from other investors.

Now, I'm surprised no other posters, neither here, nor at r. b. or investors hub (the three places I checked) reported back their conversations, since I obviously wasn't the only one to call in. I'll hazard a guess that some of them want to get the hell out of PLNI first, or else were .... very surprised, let's put it that way, at the 5 billion authorized share count.

Me, I'm in so deep now I'm not going to sell at this level. If I have to wait awhile to regain it, I'll take the chance. And who knows exactly what the reaction will be with semco and promold closings, and possibly (we hope) the audit.

I asked Matt if he knew when the a/s count had risen to 5 billion, and he said he didn't know but would look into it. I'm going to call back at least once and see what he's come up with. IF the document posted here by Dagger is the real deal, then it looks as if the boost may have happened recently. But pink sheets are so crazy I'm not even sure we could be certain of that.

I mean, it's also possible Matt was wrong about the 5 billion. I say that because frankly he was an unimpressive character. Maybe he was off his game after getting irate calls, but he was very defensive. Oh well. I have bad days myself. He also spoke as if every sane person in the world knew the a/s had been 5 billion for some time, and I can't imagine he would be so ignorant as to believe that.

Nevertheless, he emphasized that it was 5 billion authorized, "not issued," and the o/s of 2 billion and 500 million float is at least in the neighborhood of what's been quoted on this board before. I was too surprised by all of this myself to ask how this fit into Turek's Aug. 24 PR where he announced a 200 million share buyback as "the first step in a process designed to decrease the total outstanding shares and increase shareholder value."

That's all for now. The shenanigans with the authorized share count is, I'm afraid, typical of pinkies. What's untypical is the real commercial activity going on--Toyo machines being installed, a company that actually makes things (plastic rebar), etc.

The question I have about the document Dagger made available (and I know another poster located it, apologies for forgetting who) is this: Why doesn't it read "5 billion," which is what Maguire told me?

Was another amendment filed after this one, adding another 2 billion?

Did Maguire misspeak to me? He said 5 billion several times, in response to my queries.

I welcome comments especially from others who called in today. I'd love to be told I was the only one to hear this--but it is what I heard.

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rangers684
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Good work, thank you

--------------------
AO

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will
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Good work would be to find out the details of:

"and 100 million preferred shares"

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A million seconds is 13 days.
A billion seconds is 31 years.

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state780
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quote:
Originally posted by will:
Good work would be to find out the details of:

"and 100 million preferred shares"

well, my friend, you can declare what good work would be, or you can do it.

pretty small potatoes anyway compared to the Great 5 Billion Sea. In the normal world preferred shares can pay dividends, do not have voting rights, and if I understand correctly do not go up and down in price like common shares do. But who knows what they do in pinky land.

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will
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"But who knows what they do in pinky land"

Well, my friend, in pinky land they can be converted to common shares sometime at the will of the company, and used to dilute the heck out of your investment. I haven't looked at any SEC Filings, but if they do file, somewhere the detail of the preferred issued should be explained. If/when I decide to buy a position in this company I might look for it, probably best to just swing/day trade it though. I doubt it will ever be a viable company.

--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

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will
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This is all I see, and all I care to see for now:

.0067 65 Day Low

10/31/05 Today's Volume - 97293289
5-Day Avg. Volume 42525219
20-Day Avg. Volume 22055484
50-Day Avg. Volume 21515719

Where do you suppose all those shares came from?

--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

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state780
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quote:
Originally posted by will:
"But who knows what they do in pinky land"

Well, my friend, in pinky land they can be converted to common shares sometime at the will of the company, and used to dilute the heck out of your investment. I haven't looked at any SEC Filings, but if they do file, somewhere the detail of the preferred issued should be explained. If/when I decide to buy a position in this company I might look for it, probably best to just swing/day trade it though. I doubt it will ever be a viable company.

I have no doubt that it wil be a viable company--the only question is when. Meanwhile, I only wish that the scale of our current situation concerns the risk of a mere 100-million share dilution.
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will
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Well, if were just a one to one conversion ratio, I wouldn't be worried either. That's why it is important for anyone loking at this long term to find out the detail of the preferred shares. they can have a conversion ratio of 1 to 100 common shares, 1 to 1,000, 10,000, 100,000, whatever the company reported the conversion rate is.
Pennies are probably best looked at as swing/day trade investment, not long term.
I like the volume, and the fact that it is at a 65 day low, but it might have to inch down a bit more on high volume before it recovers, but if/when it does, expect it to fall to these price levels again in the short term.
Good luck if you believe in this company. hope it wroks out the way you believe it will. It has been my expereince that not many of these pennies make it out of penny land.

--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

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