quote:Originally posted by Bearclaw: Success... You won't know until and/or if they ever register them...Right now the O/S is 1.8 billion...Nothing more has been registered...
quote:Originally posted by successinstock: i hope the need for the shares is for collateral or something like that....
one can only hope....
i would guess in the next two weeks we will all know.
Bear, for the record, yesterday Matt Maquire told me on the phone that the 0/S is 2 billion, not 1.8 billion.
To recap, he said
Authorized is 5 billion outstanding is 2 billion float is 500 million
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
State... Matt doesn't know where the hell to piss in the morning never mind remember the shares of PLNI...
Outstanding is 1.8....float 500 million...Right now...today...that's all that matters...
I wouldn't believe anything from Apple...I disregard what they say...Learned not to trust him...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
To clarify my post above, since we have little enough clear info as it is: I did not ask IF the o/s was 1.8 billion; so I did not get a reply from Matt saying "No, it's not 1.8..."
I simply asked what the numbers were for authorized, outstanding, and float, and his answers were respectively 5 billion, 2 billion, and 500 million.
Also he noted the 5 billion was not issued--just authorized.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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quote:Originally posted by state780: Bear, for the record, yesterday Matt Maquire told me on the phone that the 0/S is 2 billion, not 1.8 billion.
To recap, he said
Authorized is 5 billion outstanding is 2 billion float is 500 million
This all makes for some interesting math. If the o/s is 2 billion after retiring 200 million, then the base was an o/s of 2.2 billion before the retirement PR. Can anyone ever remember when the o/s was 2.2 billion? These numbers and words are losing value faster than the stock.
-------------------- 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 Bearclaw: State... Matt doesn't know where the hell to piss in the morning never mind remember the shares of PLNI...
Outstanding is 1.8....float 500 million...Right now...today...that's all that matters...
I wouldn't believe anything from Apple...I disregard what they say...Learned not to trust him...
Bear, what do you base that on? And in what other situation has Matt ever underestimated how many shares are out there?
Sure hope you're not relying on pinksheets, since he said the company isn't responsible for what's on there.
What would be his motivation for exagerrating how many outstanding shares there are? Sorry, I'm very confident you're wrong about this.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
State... I understood that and I'm suggesting to you not to trust what Matt says...Just my experience dealing with them...Apple ...Speaks out of both sides of his mouth and occasionally out his arse...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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quote:Originally posted by Bearclaw: State... I understood that and I'm suggesting to you not to trust what Matt says...Just my experience dealing with them...Apple ...Speaks out of both sides of his mouth and occasionally out his arse...
I hear you. Let me put it this way--as another poster said above (and I'm sorry I forget who, it was very well put), the method is to deny bad news, and when somehow forced to acknowledge it, pretend it was never denied in the first place.
I don't trust what Matt says, except to the extent that if it's bad news--if it casts PLNI in a worse light--it has to be true because the guy only consents to acknowledging damaging information under duress or the indisputable light of public records.
Maybe I'm wrong to approach it that way, but there's nothing in Big Apple's behavior to argue otherwise.
With that in mind, I'm confident--sadly confident--that the o/s is 2 billion.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
10/13/05 filings can now be downloaded from h**p://favhost.com/plni
Thanks to CLBGroove and Successinstock for their research.
-------------------- 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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posted
OK State... You trust your inuition and I'll trust mine...It really makes no difference unless you factor in the annual profit and then factor in the multiple for the industry sector and divide it by the O/S to get the PPS value...so until we get numbers it really doesn't matter...
I believe it is 1.8 Bil O/S and you feel it's 2 Billion...So let's leave it there...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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quote:This all makes for some interesting math. If the o/s is 2 billion after retiring 200 million, then the base was an o/s of 2.2 billion before the retirement PR. Can anyone ever remember when the o/s was 2.2 billion? These numbers and words are losing value faster than the stock[/QB]
Yeah, no kidding.
And speaking of the retirement pr--I don't think we ever got confirmation that 200 million shares were retired. I could be wrong, and welcome correction.
But either way, what appears to be a revised authorized share count of 5 billion is particularly distressing after Turek's announcement of the share retirement plan. "The first step" in enhancing shareholder value, as he said at the time.
(It's sad, by the way, to read posters over at r.b. still writing as if a 5 billion a/s count is fiction, never happened, couldn't happen--they still don't have anyone quoting Mapple. All those posters with internet access but no telephones apparently.)
I'm beginning to wonder if this is what's been holding up the audit--I wonder if the audit really is done, that somewhere along the line (like 5 minutes after Turek's share retirement pr on aug. 24) they finalized plans to acquire promold and semco with shares, but didn't want to tank the pps so are holding the final audit, with the 5 billion info, to follow the acquisitions. I know someone here said promold wasn't acquired that way, but who can be sure of anything at this point.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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quote:Originally posted by Bearclaw: OK State... You trust your inuition and I'll trust mine...It really makes no difference unless you factor in the annual profit and then factor in the multiple for the industry sector and divide it by the O/S to get the PPS value...so until we get numbers it really doesn't matter...
I believe it is 1.8 Bil O/S and you feel it's 2 Billion...So let's leave it there...
you know, sorry I've wasted the bandwidth--seriously. I should not be quibbling with you over a measly 200 million shares! If only our problem were that small.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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I'm beginning to wonder if this is what's been holding up the audit--I wonder if the audit really is done, that somewhere along the line (like 5 minutes after Turek's share retirement pr on aug. 24) they finalized plans to acquire promold and semco with shares, but didn't want to tank the pps so are holding the final audit, with the 5 billion info, to follow the acquisitions. I know someone here said promold wasn't acquired that way, but who can be sure of anything at this point.
I've felt all along the biggest tie up to going OTC BB was the more stringent regulatory requirements that would create. Right now they can authorize and issue shares secretly while hiding behind safe harbor as they deceive us with all the rosey projections and promises. They could never have gotten off as many shares as they likely have over the past couple months if a simple EDGAR search brought up the filings up to 3.0 and 5.0 billion. Plus we would know the terms of the preferred shares.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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posted
The amendment says it was adopted "by the shareholders". If I read this right there was (1) vote by (1) class [board of directors] and (1) represented in the meeting.
So Turek had a meeting with himself. He asked himself if he agreed to increase the a/s to 5.0 billion and he told himself yes. The debate and vote took 30 seconds, but the meeting dragged on for over an hour and Turek argued with himself over how to spell his last name.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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posted
Of course that is pretty much the case in a nut shell. if you are going to dilute you do it during the most fantasic news in the company history right now. Then you go and file fo otc bb r/s and next step amx. Jim turek in a pr said he would not r/s until he applied for either otc or amx. he will keep his time frame on that promiss.
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
why should he explain himself he got what he needed from us and now he is done. Mark my words we are all going to be canned like a dirty shirt.
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
i will look it up it was at the time him and howe did there interview with a groupe of investors and at the end howe said they would get there stock under control by doing a reverse and then they cut the tape Turek came out with a pr the next day that was part of it.
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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quote:Originally posted by StockHunter: The amendment says it was adopted "by the shareholders". If I read this right there was (1) vote by (1) class [board of directors] and (1) represented in the meeting.
So Turek had a meeting with himself. He asked himself if he agreed to increase the a/s to 5.0 billion and he told himself yes. The debate and vote took 30 seconds, but the meeting dragged on for over an hour and Turek argued with himself over how to spell his last name.
Remember the old comic strip "There oughta be a law"? It applies here.
-------------------- 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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Please disregard my last post I cannot verify what my memory hastold me I read I thought there was 2 posts on 6/21/05 .this is all i found
Announces: No Reverse Stock Split Tuesday June 21, 10:03 am ET Based on Potential Sales and Earnings, Plasticon Expects Number of Shares Issued and Outstanding Will be in Line With Projected Growth, Therefore Eliminating the Need for Reverse Split
LEXINGTON, Ky., June 21, 2005 (PRIMEZONE) -- Plasticon International Inc. (Other OTC:PLNI.PK - News) today announced that there are no plans for a reverse stock split based on projected sales and earnings. ADVERTISEMENT
``A reverse stock split is absolutely off the table,'' said Jim Turek, President and CEO of Plasticon International, Inc. Mr. Turek added that should it be necessary to reduce the number of issued and outstanding shares, management is committed to both retiring its own personal shares and the company is committed to buying back shares as well.
``Our sales and earnings potential is the key driver for our company, and we expect an adequate number of shares as we move forward,'' Mr. Turek said. ``The market potential for our three main product lines - rebar supports, transportation signage, and plastic lumber - is so enormous that a reverse stock split is not required. Rebar supports is a $25 billion per year industry. Transportation signage is a $20 billion industry in the U.S. alone. And plastic lumber sales, which have been rising at a rate of 40% per year, are increasingly gaining market share. We are strategically positioned to become the dominant force and to profit from our product innovations as recycled plastic continues to gain acceptance as the industry standard material for these applications. Increased government regulation, the skyrocketing price of steel, and Plasticon's cost-effective, superior products all combine to position Plasticon for continued profitability.''
Plasticon International recently announced that as of the second quarter of 2005, the company is profitable. ``This is really a thrilling time for us because the world is catching up to our vision. The assumption now is that companies should be environmentally friendly. We've proven that not only is it the right thing to do, it's the profitable thing to do. We look forward to continuing to provide value to our customers, the public and our shareholders.''
Mr. Turek emphasized that after years of laying the foundation of the company, through research and development, product innovations, patent approvals, and applying for and receiving DOT acceptance in all 50 states, Plasticon is now reaping the fruits of its labor. ``I believe that the most important trait in business is persistence. With the help of our dedicated, distinguished management team, we built a great base and now we are ready to move into the next phase, which is our aggressive sales and marketing rollout. We are just beginning to see the impact of our exclusive contract with the largest building materials distribution company in the U.S. That contract now makes us the largest supplier of rebar supports in the country. We are also ramping up our global sales and marketing efforts and we certainly expect exponential growth with our major product lines in the near future.''
Plasticon International (http://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.
Plasticon International, Inc.: Jim Turek, President and CEO 3166 Custer Drive, Suite 101 Lexington, Kentucky 40517 web site: http://www.plasticonintl.com
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934, and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, management and maintaining growth, the effect of adverse publicity; litigation, compensation, and other factors which may be identified from time to time in the Company's public announcements.
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
nice bond. There was also this, the Aug. 24 PR, when if I recall corrrectly pps was bouncing around .014:
LEXINGTON, Ky., Aug. 24, 2005 (PRIMEZONE) -- Plasticon International Inc. (Other OTC:PLNI.PK - News) is pleased to announce that their Board has approved the retirement of 200 million shares, the first step in a process designed to decrease the total outstanding shares and increase shareholder value
``We believe that the retirement of shares will add tremendous value for our shareholders,'' said Jim Turek, President and CEO of Plasticon International. ``This is the first step in a share restructuring process. The restructuring will be reflected in a share price that is more truly representative of the actual value of Plasticon's shares. We firmly believe that this is in the best interests of both our shareholders and the company.''
Mr. Turek added that Plasticon International is committed to a program designed to enhance shareholder value through a comprehensive strategy, starting with this initial retirement. As a part of this restructuring strategy, the Company plans to undertake a buy back program for still additional outstanding shares.
The retirement of 200 million shares is in addition to positive earnings. Plasticon recently announced that it is profitable as of the second quarter in 2005. ``We believe that the retirement of shares will be significant as the first step in a process that should result in a better reflection of the value of Plasticon's shares,'' Mr. Turek concluded....
Bill Howe is the President of Growth Engine Group™, a consulting, executive coaching and training firm specializing in "Go-to-Market" Growth Strategies. This unique methodology integrates an optimized business planning process with all aspects of marketing, branding, and sales strategy. Bill’s 20 years of leadership experience span both ends of the business spectrum from corporate officer in Fortune 100 corporations to CEO of small and mid-size companies.
Bill’s bold approach consistently yields blockbuster results. He has led three dramatic turnarounds and managed over 100 businesses and brands. The new businesses he has launched and the failing ones he has turned around have gone on to collectively generate over $2 billion in annual revenues. In addition, Bill has significant international experience, training hundreds of top sales managers from over 30 countries.
Bill pioneered a revolutionary strategic planning process, the "Business RoadMap™", which offers major advantages over the time-intensive traditional business plans that frustrate so many executives. The hallmark of this streamlined model is the "Line-of-Sight Strategy System™". It enables executives to understand, often for the very first time, how strategy works by seeing how all the pieces actually fit together. It then goes a step further and reveals the specific action steps they must take to create breakthrough results.
In recognition of his unique insights into business transformation, Bill was selected to co-author a new book with business giants Brian Tracy, Robert G. Allen and Mark Victor Hansen. The book entitled, “Create the Business Breakthrough You Want...Secrets and Strategies from the World’s Greatest Mentors”, is slated for bookshelves in October 2004.
Bill received an MBA from the Wharton School of Business, University of Pennsylvania and a BA from Hobart College. Growth Engine Group™ is located in the Washington D.C. suburb of McLean, Virginia. You can visit our website at http://www.growthenginegroup.com or contact Bill at (703) 847-0833 or via e-mail at bill*growthenginegroup.com.
Posts: 225 | Registered: Jun 2005
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quote:Originally posted by bond006: Announces: No Reverse Stock Split Tuesday June 21, 10:03 am ET Based on Potential Sales and Earnings, Plasticon Expects Number of Shares Issued and Outstanding Will be in Line With Projected Growth, Therefore Eliminating the Need for Reverse Split
LEXINGTON, Ky., June 21, 2005 (PRIMEZONE) -- Plasticon International Inc. (Other OTC:PLNI.PK - News) today announced that there are no plans for a reverse stock split based on projected sales and earnings.
``A reverse stock split is absolutely off the table,'' said Jim Turek, President and CEO of Plasticon International, Inc. Mr. Turek added that should it be necessary to reduce the number of issued and outstanding shares, management is committed to both retiring its own personal shares and the company is committed to buying back shares as well.
Disclaimer: The Company relies upon the Safe Harbor Laws of ...
They key to this and all other PRs is the Safe Harbor Disclaimer. Turek can do an r/s and state that conditions he had expected to develop did not go according to his projections. No legal liability there. He can also do a creative r/s by spinning off the bulk of the company at a heavy ratio and leave a worthless shell with the Plasticon name. The spin off would be the reverse split stock in reality if not in name. You can drive a truck through the holes they leave themselves with most of their statements.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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quote:They key to this and all other PRs is the Safe Harbor Disclaimer. Turek can do an r/s and state that conditions he had expected to develop did not go according to his projections. No legal liability there. He can also do a creative r/s by spinning off the bulk of the company at a heavy ratio and leave a worthless shell with the Plasticon name. The spin off would be the reverse split stock in reality if not in name. You can drive a truck through the holes they leave themselves with most of their statements.
I have no doubt of that.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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They key to this and all other PRs is the Safe Harbor Disclaimer. Turek can do an r/s and state that conditions he had expected to develop did not go according to his projections. No legal liability there. He can also do a creative r/s by spinning off the bulk of the company at a heavy ratio and leave a worthless shell with the Plasticon name. The spin off would be the reverse split stock in reality if not in name. You can drive a truck through the holes they leave themselves with most of their statements.
So are you saying that there may be a reason for TBLU to still exist?
Is it legal for them to sell a ton of shares at .0122, then turn around and buy them back again at the current price range of .006x?
Posts: 136 | From: State of Confusion | Registered: May 2005
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Last filing I found was under the old name: WICKLUND HOLDING CO, DEF 14C, 8/30/04. Found it at pinksheets.com but no link to the detail.
8/30/04 they had 1,329,283,171 issued and outstanding common stock of Wicklund. the Majority Shareholders will hold, of record, 938,032,062 shares of Wicklund's common stock
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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