-------------------- 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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Well it seems that the post for the authorized shares has set folks off.
Due to the unknown, I can't say that i blame them.
I don't know Turek and can't say I believe what I hear one way or the other.
I have to trust my feeling on this one, and my feeling is that this will all come together.
If Turek is dumping, why would he not have dumped when the stock was at .015+? I mean if you look at the volume in the past 2-3 weeks, it is staggering.
If it was so easy to obtain a filing from Wyoming for pete's sake, it is my feeling that we would be able to find out if he actually issued these shares, and possible know that he is selling.
The first amendment was done in April 2005 that took the share count to 3B. The latest filing on October 13 took the authorized share count to 5B.
I have been in this stock for a while, and I never heard a peep back in April of the increase above.....why?
Why is this hitting the fan now?....because the share price is retracing?....because some believe Turek is selling these shares?....because the MM's are manipulating the hell out of the price??....
I believe that there is a motive to reduce the share price to create this panic. I believe that the share price will keep falling until a day or two before the announcements start to happen.
If their are people here that are telling to hold so they can sell, then sell and rid yourself of sleepless nights.
I say hold if you want too. We will all know if PLNI is hocus pocus in the next couple of weeks. I have held too long to sell now and ruin an interesting ending.
Good luck on your choice.
I am off the boards until Nov. 9th.
Posts: 221 | From: michigan | Registered: Jun 2005
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posted
>>The first amendment was done in April 2005 that took the share count to 3B. The latest filing on October 13 took the authorized share count to 5B.
I have been in this stock for a while, and I never heard a peep back in April of the increase above.....why?<<
Because the company didn't tell you. And it's hitting the fan now because somebody actually did due diligence and found the legal document authorizing a new total of 5 billion shares, which is a fact not contradicted even by the otherwise useless Matt Maguire.
Great product, pathetic management.
I don't know if a successful closing of the promold and semco deals PLUS a completed audit soon to follow will succeed in moving the stock north, but I am willing to hope for the best.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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My concern with all the shares is that they are selling them and using the money to do all these buy outs. If they were wanting to get the stock price up they shouldn't be adding to the share count. I mean MY GOD.... how many shares can you have. How do you ever get the price up. I guess if you dump a billion shares out for sale when the price is at .01 you make 1 million bucks...not bad. Kinda like printing counterfit money...just print more and sell em quick. I have been with this stock nearly 2 years now. Burns my butt to watch this fall every day now.
My thoughts on the audit is that they don't want to put it out cause it will show all the shananigans that they don't want you to see. I have held forever and have watched about 18k slip away now but I guess I'm hard headed enough to keep holding. Just very concerned these days. Audit was due out over a year and a half ago.Tried calling Matt today about 6 times and every time he was on the phone or away from his desk.
Oh well....venting and voicing my 2 cents worth which are about to be worth more than my PLNI. Holding...good luck all!
-------------------- It's only money..We'll make more tomorrow! Posts: 788 | From: Tx. | Registered: Jun 2005
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I emailed Plasticon yesterday and told Jim I was a Long Term stockholder that was concerned with the new O/S findings and the decline in price. I asked if he could put out a tax return...a contract...or anything with HARD NUMBERS that would give shareholders something to have faith in. For the first time..today I recieved an email from Matt asking that I call him for all of my concerns. Guess Jim just forwarded it to Matt.
-------------------- It's only money..We'll make more tomorrow! Posts: 788 | From: Tx. | Registered: Jun 2005
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posted
If my math is right a billion shares at a penny is 10 million dollars. Nice work if you can get it.
Has anyone every heard even a ball park figure of how much they are paying for Semco and Pro Mold.
I only remember hearing it was privately financed and both companies are profitable. Right about now I sure wish I knew some of the details of the purchase and the profitability of each of them. Sure make me feel better about my holdings.
Posts: 81 | From: Tennessee | Registered: Mar 2005
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quote:Originally posted by DQ.: While I'm writing this short story...
I emailed Plasticon yesterday and told Jim I was a Long Term stockholder that was concerned with the new O/S findings and the decline in price. I asked if he could put out a tax return...a contract...or anything with HARD NUMBERS that would give shareholders something to have faith in. For the first time..today I recieved an email from Matt asking that I call him for all of my concerns. Guess Jim just forwarded it to Matt.
If you call Matt, you might ask him
1. Why PLNI made no announcement of its April amendment boosting to 3 billion authorized shares OR the 5 billion amendment filed this month
2. How on earth this squares with the Aug. 24 PR in which Turek announced the retirement of 200 million shares (the PR is at yahoo AND plasticon's website, where it is marked as a "special alert."). And how is that share retirement going, by the way? In that PR it is described as "the first step in a process designed to decrease the total outstanding shares and increase shareholder value.."
Basically, the question there is "How is this not grossly deceptive? You have a press release on your site claiming share reductions at the same time you're vastly expanding shares..."
3. If you're really brave, you might ask him about the terms of the 100 million preferred shares noted in the April amendment. When can they be converted to common shares, and is it one a one-to-one basis, 1 to 10, etc?
Judging from my experience with him, however, I expect to regard the answers to these or any other questions purely as entertainment.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
American corporate culture is so rotten: while CEO's tell us they're going to buyback shares, they dilute. In this instance, shares will likely be sold through "private placements," but the problem then becomes legal shorting, which is the reason why PLNI has remained subdued in the first place.
If I had a 500 million float, and a 2 billion OS, the total shares that can be trading on the market are 2.5 billion shares: 500 million shares of the float + 2 billion short shares. The stock won't appear on the SHO list if 2 billion shares were shorted because it is legal shorting.
Posts: 1468 | Registered: Jul 2005
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Here is an example of preferred shares for potential dilution: (Note # 8 below)
from the 10-KSB for XRYM filed on 8/25/2005
5. Liquidity; Need for Additional Financing. The Company believes that it does not have the cash it needs for the next twelve months based upon its internally prepared budget and expansion plans. Further, the Company’s cash requirements are not easily predictable and there is a possibility that its budget estimates will prove to be inaccurate. If the Company is unable to generate a positive cash flow, it will be required to curtail operations substantially and seek additional capital. There is no assurance that the Company will be able to obtain additional capital if required, or if capital is available, or can be obtained on terms favorable to the Company. The Company may suffer from a lack of liquidity in the future, which could impair its short-term marketing and sales efforts and adversely affect its results of operations.
and
8. Issuance of Additional Shares: The Company has issued nearly its entire current authorized limit of 250 million shares and, in order to continue its growth plans, the Company needs to increase its authorized share amount. The Company is in the preliminary stage of proposing amendments to the Articles of Incorporation to increase the authorized capital of the Company from 250 millions shares of Common Stock, par value $0.001, to 750 million shares of Common Stock, par value $0.001. Additionally, the proposed amendment includes the increase in Preferred Stock from 1 million to 11 million, par value $0.001 consisting of three separate classes; 1) 5,000,000 Preferred Stock Series A, par value $0.001, convertible at a rate of 1 to 100 shares of Common Stock, with all voting rights converted at the same rate, 2) 1 million shares of Preferred Stock Series B, par value $0.001, converted at a rate of 1 to 1 share of Common Stock with all voting rights converted at the same rate., and 3) 5 million shares of Preferred Stock Series C, par value $0.001, with a conversion rate of 1 to 1 share of Common Stock with all voting rights converted at the same rate. The currently issued and outstanding shares of Preferred Stock would be designated as the type 1 described above.
-------------------- 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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posted
Let me bring up something you guys think safe habor laws shields these guys from every thing. If you really wanted to spend the time and money agood attorney could peice together all the pr's public statements and put the puzzle together as being led down the road to a certain destination to this point and has he done it before? If so that leads to fraud. But it is a lot of time and money.
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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quote:Originally posted by bond006: Let me bring up something you guys think safe habor laws shields these guys from every thing. If you really wanted to spend the time and money agood attorney could peice together all the pr's public statements and put the puzzle together as being led down the road to a certain destination to this point and has he done it before? If so that leads to fraud. But it is a lot of time and money.
If anyone wants to crater the pps even more, lawsuits are the way to go. Only the attorneys benefit. Shareholders who are underwater (like me) will recover and even make money only when the pps rises. Which it can, by the way, this is a crazy pink after all. The next two weeks are crucial, and if the audit isn't announced immediately, a little while after that.
The game isn't yet over.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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quote:Originally posted by mbmaid: Can it be a scam to steal cheapie shares? I find it interesting that all this is happening just days prior to the big announcmenets coming:
That message sounds like best by design (r.b.)/ yellow submarine (allstocks) and is totally inoperative now. Its premise is that the 5 billion authorized share count is a typo but we now know it's the truth.
The poster also says:
>>Accordingly, I spoke with one of PLNI's management team on Saturday afternoon, and the matter will be 'satisfactorily resolved' on Monday-Tuesday.<<
Which is exactly what BBD/yellow sub said. And you can see how well that turned out.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
Well, if all this is true, then Turek is gonna have to pull a major rabbit out of his hat to make his shareholders happy.
Like: audit is complete and Semco will do 100 million in business this year. :-) Promold: 200 million.
Posts: 871 | From: New York, NY | Registered: May 2005
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Not to add to bad news but I keep having this nightmare.... When I bought this stock about a year & a half ago it was cause the PR said(we are completing our audit and moving to OTCBB)
Well,,,,last May (about 6 months ago) we get a PR stating we are completing the audit and moving to OTCBB. HAven't done it yet!!!
The Nightmare???? They say it to bring in investors,,,, it never happens,,, investors get frustrated and give up and sell,,, they wait about six months (PR's don't go back that far on most sites) And then they again announce we are completing our audit,,, and Bingo...they get a fresh batch of investors all over again.
I HOPE I am TOTALY wrong with this idea...I pray I am. If that's the case...you won't hear anymore audit news till about next spring and we'll start all over.
I do think everything will fall together however it may be a much longer term than I hoped for. I still am dumb enough to think that a couple of years from now this stock will be at .50 at least.
-------------------- It's only money..We'll make more tomorrow! Posts: 788 | From: Tx. | Registered: Jun 2005
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Fyi, from Shad over at RB, who says he talked to Mapple:
>>ok here goes...matt say update is forth #######...lol...i asked about the 5billion...and a pr is being looked over by the lawyers....there was a reason for the issuance...i asked mapple if he knew about it he said yes...soooo that means the mms knew about it also....and it was heavly shorted in the > 01 area....they are buyiing back now as we see with the volume...<<
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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Thanks for the info State. That explains some things. Hopefully with the nes coming, this will all be ancient history.
Posts: 871 | From: New York, NY | Registered: May 2005
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First time I ever heard .0007 described as "huge"....LOL. Get a life...$1 might be huge, but .0007 is a pittance.
-------------------- 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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Falling through the 65 day support, (.0062).
-------------------- 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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I hope Turek attorneys are realy scrutinizing that pr good what would we ever do without our great leader at the helm. Would not want him to get in trouble now.
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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well ranger684 just went from.006 to .0061 HUGE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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I've always heard to never invest what you cant afford. I'm buying more once this stops dropping long enough to buy. If I lose it all, I'll live. If I double it all, I'll live better.
-------------------- 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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Well Turek is no fool he won't dump into this revolting developement as Will Bendix used to say on Life of Riely
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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quote:Originally posted by bond006: Well Turek is no fool he won't dump into this revolting developement as Will Bendix used to say on Life of Riely
He's printing monopoly money and swapping them for real dollars with fools like us and other pinky investors. He can keep printing and dumping and may even accelerate the pace before any admission(PR). He's dealing in OPM(Other People's Money). He can issue himself stock as well to keep his controlling interest as he dilutes our shares.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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Did anybody listen to G/B webcast Turek said he might get two more mould machines it depends how things look at the end of Dec. wonder where he going to get the money for that
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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quote:Originally posted by bond006: Did anybody listen to G/B webcast Turek said he might get to more mould machines it depends how things look at the end of Dec. wonder where he going to get the money for that
Think that guess has substance now? That was after the close on October 31, when PLNI closed at .0067. This isn't an issue of shrting, it is dilution. Well, it's only down 15% from there, but I expect there maybe more to come.
-------------------- 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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Well Stcok Hunter if Shad did speak to Jim Jr on the phone and he told him his dads attorney was checking his pr before it is put out. You are right you have to really check a lie truth is easy.
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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Throughout the decline of the past couple months there has only been one significant MM buyer -- AGIS (Aegis Capital). They're not there every day or all day, but always seems to have a significant amount to buy (without chasing). I have no idea who they are buying for or why, just an observation. A single beacon of optimism amid a flood of dilution. They also showed up right after I dumped another chunk of stock.
Trimmed my position this week, but will keep some shares in case they pull a rabbit out the hat or a good scam PR that causes a pop.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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Dumping he is once he is done there will be so many shares o/s I don't know what type of volume you would need to ever get the pps to move hell evry body might want an r/s
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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