posted
I think after the long haul I've about got them figured out. I think they are dumping shares like crazy. I think the IBD ads and such were all just to get some interest to be able to sell all these shares. Sure they hoped the PPS wouldn't have fallen this much but what the heck, they've made a bundle.
As for the audit, I really hate to admit it but I really don't believe one is even happening. I think they just say that and then everyone gives up and sells. I think we will hear the audit news next spring again for all the newbies.
I was sad to see the price when I got home today. I now hope it will go ahead and fall to .002 or so and then I will buy another mill. or two.
This stock WILL make us money. I'm sure it can get to a nickel or so again....just may be in a year or so.
Call me a sucker or dumbass, or very slow learner. Bought low, didn't sell any and will now ride it all the way back down. Live and learn...load up for the next wave of bullcrap and then dump it. Good luck to all!
Cold_up_here...I'm feelin for ya buddy but the sun is gonna shine on PLNI again. Hang in there man!
-------------------- It's only money..We'll make more tomorrow! Posts: 788 | From: Tx. | Registered: Jun 2005
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quote:Originally posted by DQ.: I think after the long haul I've about got them figured out. I think they are dumping shares like crazy. I think the IBD ads and such were all just to get some interest to be able to sell all these shares. Sure they hoped the PPS wouldn't have fallen this much but what the heck, they've made a bundle.
I think you've got it. Unfortunately, the lower it goes and the faster it falls the greater the pressure for them to sell more shares. Every day they sell more shares and get fewer total dollars.
I suspect they have a specific dollar need and time deadlines to acheive those dollars. There is really no specific number of shares or low price at which this ends. It ends when they've raise X dollars. The increasing volume and accelleration down could get worse. If they don't finish before it gets down below .001 I don't see how they keep selling shares w/o a r/s and/or name change. When this ends, perhaps not even Mr. Turek knows. All he knows is how much money he needs to raise.
-------------------- 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 successinstock: dagger you have mail
Super & depressing & very necessary DD. Confirms the A/S count that Mapple gave me yesterday on the phone. Contradicts his statement that it had been at that level since he started handling PLNI.
He is SO F'ing full of shi*!!!!!!! I point blank asked him what the A/S were and he said 2 billion and I said "so you would be shocked that its 3 billion and he said yes cause its only 2 billion" with 1.8 O/S and 500 in the float!!!
Wait till I call the POS tomorrow and tell him I have a recording 3 times of him saying 2 billion!!
As i said before " slick ass car salesman bastar*"
I have been out of town all week and applogize that i havent been here doing the DD required on this issue. Thanks to all!!!
Posts: 952 | From: OH | Registered: Apr 2005
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posted
Keep an eye on your news ticker today...Things should start falling out...Questions should start to get answered soon...IMO
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
At the rate it's going it should close around 0042 today and then 0033 Friday. Maybe we could get to .002 or so by Monday. I'm sure there will be a big Promold PR next Wed. or Thurs. so get em before then.
Someone tell me I'm dreaming and wake me up. PLNI back below .005...no way in the world!! God what an idiot. Should have cashed in 20 grand and bought a new truck but NOoooooo, PLNI is my retirement stock, yea sure.
-------------------- It's only money..We'll make more tomorrow! Posts: 788 | From: Tx. | Registered: Jun 2005
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quote:Originally posted by Bearclaw: Keep an eye on your news ticker today...Things should start falling out...Questions should start to get answered soon...IMO
most prs on this one come by 8:30... trust me, I've been keeping an eye on it.
I seem to recall one or two around 9 am, and maybe one mid-day.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
by the way, did the r.b. discussion board stop operating? The last entry I see over there is at 2:56 p.m. yesterday. Is it r.b. or is it my browser's cache? (though I tried another browser and got the same result)
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
State... It's RB...no one can post there yet...
quote:Originally posted by state780: by the way, did the r.b. discussion board stop operating? The last entry I see over there is at 2:56 p.m. yesterday. Is it r.b. or is it my browser's cache? (though I tried another browser and got the same result)
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
From the Green Baron Urgent Need to Clear Up a False Rumor
It appears there are rumors circulating that may be causing the major drop in PLNI shares over the past four days. The Company has stated to us that the total issued and outstanding for Plasticon has never surpassed two billion shares. Apparently, Plasticon increased its authorized share count recently to five billion shares, but Jim Turek and Bill Howe have assured us it has not issued any of these new shares to date and may never do so. The rumors may stem from some people assuming the Company had already issued all those shares into the market.
In conversations with CEO Jim Turek and Bill Howe last night, The Green Baron Report was told that the total outstanding shares are still fewer than two billion shares. In fact, Jim Turek stated it is the intention of the Company to still reduce the number of shares outstanding and that Plasticon has a very interesting and creative reason for the increase in its authorized count that shareholders will likely applaud. Please contact Plasticon International directly for more details.
About Plasticon International, Inc.
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.
GLTA
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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posted
This ought to be good. Cant wait to hear the fluff behind this one...
-------------------- 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
The Green Baron! WOW! That reassures me, that gives me renewed confidence, that strengthens my faith. Never exceeded 2B, well potentially thats only 199,999,999 more shares then the 1.8B. The Green Baron also had CMKX as a "play of a lifetime". He's credible.
-------------------- 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
You guys sure you own shares? Damn...sell if your this angry...go play something else...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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quote:Originally posted by Chopper: From the Green Baron Urgent Need to Clear Up a False Rumor
It appears there are rumors circulating that may be causing the major drop in PLNI shares over the past four days. The Company has stated to us that the total issued and outstanding for Plasticon has never surpassed two billion shares. Apparently, Plasticon increased its authorized share count recently to five billion shares, but Jim Turek and Bill Howe have assured us it has not issued any of these new shares to date and may never do so. The rumors may stem from some people assuming the Company had already issued all those shares into the market.
In conversations with CEO Jim Turek and Bill Howe last night, The Green Baron Report was told that the total outstanding shares are still fewer than two billion shares. In fact, Jim Turek stated it is the intention of the Company to still reduce the number of shares outstanding and that Plasticon has a very interesting and creative reason for the increase in its authorized count that shareholders will likely applaud. Please contact Plasticon International directly for more details.
About Plasticon International, Inc.
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.
GLTA
Somebody should tell Green Baron what a load of crap that is.
Why is it a load of crap? At least two reasons.
Reason one: I and others have been told by Matt Maguire that the o/s count is 2 billion. So it's very nice that GB was told otherwise, but Mapple & co. really need to get the story straight.
Reason two: If there's such a wonderful creative strategy that we will applaud for the FIVE BILLION SHARES being authorized, you should tell the world about it before the price declines into vapor.
Bonus reasons: I've read comments on at least three boards, and have seen some concern specifically expressed about more than 2 billion shares circulating right now--since PLNI refuses to tell us what the heck is going on, this is a reasonable conjecture for a price decline in the face of otherwise positive news about molds being delivered etc.. But most of the concern (anger, panic) has been focused on why PLNI secretly increased the authorized count to 5 billion, and what they planned to do with it.The problem here isn't rumor; it's the unexplained and documented action of PLNI.
Not to mention the track record of Matt Maguire, who apparently has told so many different stories about share counts that he has rendered himself completely useless as a spokesman for this company.
I applaud Green Baron, however, for doing something that the company, oddly, has not--communicating with shareholders.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
Jim Turek told me personally, if we all drink the blue cool-aid eveything will be fine, trust him.
Posts: 94 | From: Philadelphia | Registered: Jul 2005
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posted
Maybe plni and Jim want to spin off some thing would you need to raise your share count to do that?
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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quote:Originally posted by bond006: Maybe plni and Jim want to spin off some thing would you need to raise your share count to do that?
There may very well be a good explanation. They need to tell us what it is, rather than telling Green Baron that there's an as yet unexplained good explanation.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
THE APRT THAT GETS ME IF THEY HAVE SOMETHING TO SAY WHY NOT RELEASE A PR INSTEAD OF THIS GIVE A CALL AND I WILL PERSONALLY TELL YOU.
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
State... I think it will be explained soon...IMO
quote:Originally posted by state780:
quote:Originally posted by bond006: Maybe plni and Jim want to spin off some thing would you need to raise your share count to do that?
There may very well be a good explanation. They need to tell us what it is, rather than telling Green Baron that there's an as yet unexplained good explanation.
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
Well, only 8.6M volume the first hour. Looks as if they're on the way to another 40M - 60M volume day.
-------------------- 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
2 hours into the day, 14.7M. Slowing down, up 3 ticks. See what the next few hours bring.
-------------------- 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
Posts I made on Oct 13th: "On the positive side, WDCO seems to have a low limit to where they can sell of .0114. They haven't sold shares for 2 days now."
Then on Oct 14th:
"They're Baaaaccckkk!
WDCO stepping down on the offer. #%*$!!"
Interesting timeline:
OCT 10th - Oct13th - WDCO stops selling.
OCT 11th - Turek signs doc to increase a/s shares to 5 billion.
Oct 14th - WDCO back selling.
Also interesting that the 11th was the day Downdraft met with Turek. He never did answer my question as to whether he asked Turek specifically about WDCO and dilution. All he said was that Turek claimed he specifically is not selling shares. Downdraft did say there were matters he would not discuss. The fact I did not get a response from him may be an indication that Turek would not address the question and/or asked downdraft not to comment on it.
The timing of the pause in sales may be coincidental, but it sure is interesting.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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posted
"All he said was that Turek claimed he specifically is not selling shares."
It sounds like your question got answered Stock...Where are you going now? I'm not sure I understand this point...actually I'm sure I don't...help me out here...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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quote:Originally posted by Bearclaw: "All he said was that Turek claimed he specifically is not selling shares."
It sounds like your question got answered Stock...Where are you going now? I'm not sure I understand this point...actually I'm sure I don't...help me out here...
I never thought Turek would sell his own shares and give up his share of the company. That is all Turek confirmed, is that he was not selling personal shares. But what was the company doing? Was the company issuing shares that were making there way into the market? That did not get answered.
I would expect Turek to issue more shares to himself as the company issues shares for acquisitions, purchases, etc... He needs to maintain control of the company. He's not going to dilute himself out of control.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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posted
Stock... So it's another way of saying dilution? I really tried to get you to consider something else. A lot of people are buying this song.
Why not wait and see what this is? What if people buy your opinion and are selling for a loss at the low? You are a comvincing guy when you have an opinion.
The next announcement very well may be something completely different...Why not wait on this gloom and doom until Pro Mold and Semco are done?
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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quote:Originally posted by Bearclaw: Stock... So it's another way of saying dilution? I really tried to get you to consider something else. A lot of people are buying this song.
Why not wait and see what this is? What if people buy your opinion and are selling for a loss at the low? You are a comvincing guy when you have an opinion.
The next announcement very well may be something completely different...Why not wait on this gloom and doom until Pro Mold and Semco are done?
All rational speculaton is welcomed by me. stock's scenario is as plausible as any, and when a company behaves oddly (secretly more than doubling what was alread a rather large authorized share count) and says nothing for days in the face of a price collapse, well then, it's not like we have some PLNI omerta code.
another idea someonone, pardon the pun, floated: it's collateral for loans to finance the acquisitions, and would only be called in the event of default. If the audit not only exists but shows profits, that's a scenario that might not be bad.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
State... I said a while back to Stock on this board that this is accumulation and naked shorting, not dilution...Chopper posted recently the proof that the last week or so has been accumulation...
OK...You want me to re-state another idea...Just for fun consider...What if this is a share buyback? Just another possibility...Take some time and ask yourself if you were Turek wanting to take, let's say, 200 million shares off the O/S...how would you do it?
Would you get the PPS down?
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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quote:Originally posted by Bearclaw: State... I said a while back to Stock on this board that this is accumulation and naked shorting, not dilution...Chopper posted recently the proof that the last week or so has been accumulation...
OK...You want me to re-state another idea...Just for fun consider...What if this is a share buyback? Just another possibility...Take some time and ask yourself if you were Turek wanting to take, let's say, 200 million shares off the O/S...how would you do it?
Would you get the PPS down?
additional interesting speculation. if so, a bit wreckless on turek's part. I would not secretly double my a/s, hope that somebody found it, and then stand by silently as my outside PR guy lied to various stockholders about share counts.
But that's just me.
and a correction: there is no proof of accumulation, possibly another sound theory.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
"Chopper posted recently the proof that the last week or so has been accumulation..."
I must have missed that proof ??? Or if someone says it, that makes proof or fact?
Accuumulation and short selling, nonsense. Almost 400M volume in 6 / 7 days, you have to be kidding.
-------------------- 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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