quote:Originally posted by RahzM1ght: any1 believe this will drop to .0050 today?
Maybe ....
I can see this hitten 0042 to be honest with ya..
Disgusting isn't it!!!
Barring news, it all depends on VFIN. So far they've sat back at .007, but if they step ahead on the offer they'll cap it or drive it down. If they sit back it could go as high as they let it.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
| IP: Logged |
posted
well it hit .0058 that was quick. im trying to find a good entry point, but it looks like everyday it justs drops more and more. Posts: 326 | From: Orlando, FL | Registered: May 2005
| IP: Logged |
posted
I can see it going lower than 0042 if on the 9th of this month there is no news of promold and they just don't address it like they have done in the past, with a lot of there pr's
Posts: 6008 | From: phoenix az | Registered: Mar 2005
| IP: Logged |
posted
GOOD ONE STOLIBOX IVE BEEN OUT WHEN IT DROPPED TO .078. I wished I got out when it was .015. This stock is so sick right now and keeps plumeting.
Posts: 326 | From: Orlando, FL | Registered: May 2005
| IP: Logged |
posted
Good lord this a slaughter house today looks like we are on a decent that won't stop for a while
Posts: 6008 | From: phoenix az | Registered: Mar 2005
| IP: Logged |
posted
OTC ADVISORS, LLC: www.otc-advisors.com "BULLS IN THE STABLE" ETLT, PLNI, ERUG, IHDR
New York, Nov 07, 2005 (M2 PRESSWIRE via COMTEX) -- otc-advisors.com's Current "Bulls In the Stable" are Eternal Technologies Group, Inc.(OTCBB:ETLT), Plasticon International, Inc.(OTCPK:PLNI), ER Urgent Care Holdings(OTCPK:ERUG) and Internal Hydro International, Inc.(OTCBB:IHDR).
Plasticon International, Inc.(OTCPK:PLNI) designs, produces, and distributes high-quality concrete accessories, transportation signage, lumber, and office supplies which are all produced from recycled and recyclable plastics.
Plasticon International has been in the recycled plastics business for 17 years. The company's line of patented, plastic concrete accessories has been approved or accepted in all 50 states and several foreign countries including Poland, Israel, Canada, Mexico, and Egypt. In addition, its transportation signage has received DOT approval or acceptance in all 50 states. Specifically, the company offers for resale:
1.)Rebar supports 2.)Plastic lumber 3.)Plastic signage (i.e.; highway and state signs) 4.)Office products including file folders and binders 5.)Impermeable concrete-like products made from recycled glass.
A unique feature of all Plasticon products is that they are of the highest quality, yet do not require virgin raw material. Using recycled materials significantly reduces the cost of manufacturing thus, Plasticon is considered a "green company." Plasticon's use of environmental waste as raw material in the production of new and innovative products will continue to reduce waste since the new products are themselves, recyclable.
The company's primary products (80% of revenue) are concrete accessories. Over the course of 17 years in business, the company has focused on the development of necessary molds and patents and has obtained approval from each of the fifty states, all U.S. territories, and the Federal DOT for use of these concrete products. Plasticon's patented products are recognized as the "Cadillac" in the industry and are without serious competition. Visit Plasticon International, Inc's website to find out more *http://www.plasticonintl.com
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
| IP: Logged |
posted
RAHZ, i got out first time over a penny. then back in around 008, then out, then back in at 006's, then out. jeez, it just keep dropping. what the hell is VFIN doing? looks like a dump fest. i dunno, just doen't feel right. maybe plni selling to finance pro-mold. never said that was privately financed like semco. what does privately financed mean anyway? is turek selling his holdings to pay cash for semco? then it still hurts the stockholders, dumping more shares into market.
Posts: 515 | Registered: Mar 2005
| IP: Logged |
Plasticon to Acquire Pro Mold, Inc., one of the Premiere Injection Molding Facilities in the Midwest Wednesday August 3, 8:30 am ET Privately Financed Acquisition Gives Plasticon the Production Capacity for an Additional $20 Million in Manufacturing and Sales Annually
LEXINGTON, Ken., Aug. 3, 2005 (PRIMEZONE) -- Plasticon International Inc. (Other OTC:PLNI.PK - News) announced today that this week the company will acquire Pro Mold, Inc., one of the premiere injection molding facilities in the Midwest.
The privately financed acquisition (with no dilution for PLNI shareholders),
will dramatically increase Plasticon's production capacity to $20 million in manufacturing and sales annually for this facility alone. As part of the terms of the agreement, senior management at Pro Mold, Inc. will be retained.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
| IP: Logged |
posted
The is a strong possibility that the announcment for the 9th WILL NOT HAPPEN. Not 100% sure, but it would be wise to get out while you can now, than to lose your hard earned money after the announcment doesn't happen
Posts: 460 | From: NC | Registered: May 2005
| IP: Logged |
posted
I don't think it will stop till it is so dirt cheap there will be no more wondering if the stock is woth it. You will be buying it just to say you own it and if it goes up great
Posts: 6008 | From: phoenix az | Registered: Mar 2005
| IP: Logged |
quote:Originally posted by Steela: The is a strong possibility that the announcment for the 9th WILL NOT HAPPEN. Not 100% sure, but it would be wise to get out while you can now, than to lose your hard earned money after the announcment doesn't happen
Of course that is possible--very possible. However it would suggest a level of extremely lame news management that would be impressive even for PLNI. They have stated now on several occasions, not on the phone but in PRs, that the transaction would close on that day. I was surprised they started announcing that considering their unfortunately well-deserved reputations for missing their own deadlines.
In any case I agree the consequences in pps will be severe if they do not deliver on that promise, and the other one on the 17th.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
| IP: Logged |
posted
as anybody called and given these guys the benifit of the doubt? I haven't
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.
Posts: 6008 | From: phoenix az | Registered: Mar 2005
| IP: Logged |
quote:Originally posted by bond006: as anybody called and given these guys the benifit of the doubt? I haven't...
.
Why call? I've concluded phone conversations with Mapple are pointless--if he tells you the truth, it will only be at random. He told me when I called last week that the a/s had been at 5 billion for months, ever since he started working with PLNI, obviously untrue since the a/s filing was in October. Mapple is worthless.
The green baron pr was encouraging but a bit cute--it wasn't just "rumor" that plunged the pps; it was the fact that out of the blue, PLNI filed to massively increase the a/s; and that they did it secretly, and that even unto this moment they haven't commented publicly on it. Those aren't rumors, those are facts and very good ones to collapse a pps.
I do not believe PLNI will deliberately lie in PR, however, so that's what I'm waiting for.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
| IP: Logged |
posted
To be honest I have called many times just to hear what they have to say. I announce my self as a stock holder an I get the same answer at plasticon leave your number and we will call you back same thing at mapple for matt only he is in a meeting all the time.
Posts: 6008 | From: phoenix az | Registered: Mar 2005
| IP: Logged |
posted
Hey everyone, this is my first time writing on this tread but I have been following all of you for awhile now. Thanks for the good info chopper, state, and will. I think this is a very interesting situation that we have gotten into here. I bought in at .01 and im forced to stay in this sick game. There are other questions that have not been brought up here. 1st, This company known as plasticon inc, has just become profitable in the 3rd q. If so, where is all this money coming from to acquire 2 already profitable businesses which seem to be worth more then plasticon itself. I think we just might have a few very big players here. And by this I mean some wealthy investors who want the big piece of the pie on the inside. This would be a reason for the secret shady business going on right now. Either way this company has the ability to make a killing, and I think some higher ups are throwing in the big bucks to make this happen. But for right now I think Plasticon should start talking to us instead of just spitting out PR BS. I want to know what’s up with the share structure right now. The last 2 months they had an average of 8 press releases. Its like they are trying to fatting us up before they eat us up and kick us to the curb. I mean, Jim Turek should just move into Steve Crowley talk radio show and Bill Howe can live with the Green baron. Hello PR, they have done 4 web casts with theredbaron saying the same thing every time. I feel like the Investor relations department is run out of comedy central but they ran out of jokes to tell. I feel if they delay coming out with anything on the 9th, then we will be seeing our shares drop even more. They have been talking about semco since the end of June. At least we have some dates now (9th and 17th) to look forward to, but who knows how much that’s worth. This is all real shady but its all part of the game. Can't wait to see this magic trick unfold. Then PLNI will def be the stock to have. I really think this company has great potential and imp sticking with it till it jumps. I have faith, it should all pay off.
-------------------- Do your own DD Posts: 27 | From: NY | Registered: Nov 2005
| IP: Logged |
posted
they probably increased the authorized for a few reasons. to buy more stuff with our money and to pay their salaries with our money. and to pay for all their pr's with our money. and too pay for their website fees with our money. LOL.
Posts: 515 | Registered: Mar 2005
| IP: Logged |
THANK GOODNESS WE HAVE ALL THE GREAT THINGS HAPPENING WITH PLASTICON OTHERWISE THE SHARE PRICE WOULD DROP DROP DROP.
Posts: 2337 | From: ORLANDO,FLORIDA,USA | Registered: Oct 2003
| IP: Logged |
posted
well, bid support at 005 down from 13 mm's to 4. not looking so hot. maybe a gap up again in the am and another new low? this thing is just turning into complete turd. starting to look like CNES. good product, but they issues tons of shares, like billions, until it went from pennyland to 0003.
Posts: 515 | Registered: Mar 2005
| IP: Logged |
posted
I've been on the phone all day trying to unearth some truth. Its been the phone equivalent of combing the beach with a metal detector looking for riches. I don't want to say much until I get more complete info since we really don't need more confusion. I will relay a few things though.
Talked to both VFIN and WDCO. They were totally open and have nothing to hide, IMO. They are both wholesalers(like NITE,SCWB,...). The orders they get come over a machine from big institutions, banks, etc... They do not do retail business. VFIN info on capitalization was outdated and WDCO gave me the name of a Matt Maguire to call, LOL.
These guys are not involved in a naked shorting/manipulation game, IMO. I seriously doubt the source of their orders is either. WDCO has not seen an order for PLNI since a penny. Coincidentally, the same price at which VFIN started getting orders. I suspect the shares are coming from the same source and that VFIN was thier preferred "below a penny" MM to use.
One person commented that companies like to blame MMs for naked shorting their stock but that 99.9% of the time these sales are coming from the company. I could not argue with that.
The SEC guy said they could issue securities for sale in any of the 50 states. Many of these states have exemptions to registration as well. I'm not an expert here, so not sure if PLNI can qualify for those exemptions. Regardless, I'm selectively checking with various states to see if they have registered to sell securities in those states. That metal detector at the beach sounds more promising the longer I do this.
The transfer Agent would not tell me anything, but not only regarding PLNI. They don't give info on any customers in order to protect themselves.
I do think the company will find it harder over the coming days to keep silent. More and more pokers in the fire.
Remember: If it looks like a duck, and walks like a duck, and quacks like a duck....
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
| IP: Logged |
posted
In reading jibbers post above, it reminded me of something when I first spoke to Jim Turek back when this was still trading at .0028.
When I asked him about a date of audit completion, he would not give a firm date because he said "... I do not feel comfortable giving firm dates that I have no control over.... when it comes to the audit, there are accountants and lawyers that may tell me next week, and they don't finish for another month..."
So, when I see Jim put down a date in a PR, I feel pretty confident that it WILL happen on that date. I do not think he is like other CEO's (like Frank Olson) who put out dates and they don't get met until months and months later!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
| IP: Logged |
Remember: If it looks like a duck, and walks like a duck, and quacks like a duck.... [/QB]
BUY AFLAC??????
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
| IP: Logged |
So, when I see Jim put down a date in a PR, I feel pretty confident that it WILL happen on that date. I do not think he is like other CEO's (like Frank Olson) who put out dates and they don't get met until months and months later!
Uh, I think you need to catch up since last you played this stock. Read the PRs, go to the archives of the radio shows, the Green Baron reports, read the posts from people who have talked to Matt, Jim, Bill, etc... They have been putting out numbers and rolling the dates forward for months and months. As for the ProMold closing, Bill Howe said in a radio interview that it would close on Oct. 6th, so even on that one there's precedent for delay. Besides, ProMold closing is in the market.
The giant seller of 10's of millions of shares daily is much more important to the price of the stock. Investors lost half of their investment in just the last 2 weeks with only one major seller and tons of good PRs, Green Baron reports, radio shows, etc... It aint the AFLAC duck, its much worse.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
| IP: Logged |
FOT, there are reasons to be hopeful, but relying on Turek's personal assurance that he hates to miss deadlines isn't one of them.
The company seems completely inept the last month. Total collapse of pps and.... nada.
Again, I can't imagine PLNI would be so stupid as to promise closing dates in PRs and not meet them.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
| IP: Logged |
quote:Apparently, Plasticon increased its authorized share count recently to five billion shares
BAIL. Do not think. Bail.
THE ONLY REASON TO INCREASE AUTHORIZED SHARE COUNT IS TO DILUTE THE SHARES.
This is even worse than a reverse-split.
I've warned you guys, I've been posting for the last 4 to 5 months nothing but the share price and how long it has been since the CEO, Jim Turek, promised the audit would be released in 4 weeks.
Guys, he blantantly and flat-out lied to you. This is worse than any other pink sheet stock, because he actually put a timeframe on it in a PR.
If you are even in this stock to trade, you have lost your mind. Get out of this horrid stock while you still can and save your investment for something worthwhile.
-------------------- As a forum poster, it is ironic that you are held to a higher standard than a Pink Sheet CEO. Posts: 676 | Registered: Apr 2005
| IP: Logged |
posted
Why would you bail out of a stock at a low just 2 or 3 days prior to an Acquisition of a Factory that makes the product no less??? Doesn't make sense to me. That should give it a bounce and restore at least some of the credibility to the company... IMO the Jury is still out on the A/S issue.
quote:Originally posted by g-invest: [QB] [QUOTE]Apparently, Plasticon increased its authorized share count recently to five billion shares
BAIL. Do not think. Bail.Posts: 132 | From: NC | Registered: Jun 2005
| IP: Logged |
posted
g, the trash-talking doesn't help. RB is a great board for that kind of stuff. Some of us are trying to keep this board on the respectful side and some terrific DD has resulted.
Now, there is no "apparently" about the 5 billion a/s. It's a done deal. The question is why, the answer is, we don't know yet. There are reasons other than dilution (i.o.w. a lame way for PLNI to raise money). One--maybe the best I can come up with--is that the shares are collateral for loans to buy Promold and/or Semco. Not to be called unless the loans can't be serviced by revenue. I wouldn't love that, but it wouldn't be a terrible outcome.
However, PLNI really needs to speak up on this immediately, in a formal way and with words from Turek. We've already suffered a bloodbath. Without a doubt there are many reasons to be very distrustful of PLNI.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
| IP: Logged |
quote:Originally posted by state780: [QB] g, the trash-talking doesn't help. RB is a great board for that kind of stuff. Some of us are trying to keep this board on the respectful side and some terrific DD has resulted.
This isn't trash. I am telling you to your face that Jim Turek is diluting PLNI stock and the only purpose of raising the A/S count is to furthur dilute. That means the PPS goes down and you lose your money. You lose it. You never get it back and he takes it and spends it on whatever he wants.
quote:Now, there is no "apparently" about the 5 billion a/s. It's a done deal. The question is why, the answer is, we don't know yet. There are reasons other than dilution
No, there are NO reasons other than dilution.
Why are you joining in on the scamming? Sell your shares, don't defend him, it won't do you any good. I'm telling you GET OUT OF THIS NOW. I'm not bashing to buy in lower, I'm an investor like you and I want you to save as much of your money as you can. There are better stocks to buy than this one. I've been watching this stock fall from the .0175 range and it still amazes me that people are still in it thinking it will rebound. It won't. It'll go lower than .0002 unless he does a reverse-split first. GET OUT NOW.
quote:However, PLNI really needs to speak up on this immediately, in a formal way and with words from Turek. We've already suffered a bloodbath. Without a doubt there are many reasons to be very distrustful of PLNI.
No he does not, he needs to release the audit he said he was going to about 5 months ago. GET OUT OF THIS STOCK, IT IS BEING DILUTED.
Please, if you have any doubts, PM me. This is not a stock to get into, you're just going to lose your money.
-------------------- As a forum poster, it is ironic that you are held to a higher standard than a Pink Sheet CEO. Posts: 676 | Registered: Apr 2005
| IP: Logged |
posted
State, what I ment on the A/S is that: No one here has a clue about what the A/S is all about untill Mr.Turek files the audit. Dilution, buyback, collateral...whatever the reason for the volume lately is still a mystery. Not even the best stock hound here really knows what is going on. I will give the company a chance to explain.
quote:Originally posted by state780: g, the trash-talking doesn't help. RB is a great board for that kind of stuff. Some of us are trying to keep this board on the respectful side and some terrific DD has resulted.
Now, there is no "apparently" about the 5 billion a/s. It's a done deal. The question is why, the answer is, we don't know yet. There are reasons other than dilution (i.o.w. a lame way for PLNI to raise money). One--maybe the best I can come up with--is that the shares are collateral for loans to buy Promold and/or Semco. Not to be called unless the loans can't be serviced by revenue. I wouldn't love that, but it wouldn't be a terrible outcome.
However, PLNI really needs to speak up on this immediately, in a formal way and with words from Turek. We've already suffered a bloodbath. Without a doubt there are many reasons to be very distrustful of PLNI.
posted
Great... The Momo cronies are showing up to go after FOT...Just what we need this week...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
| IP: Logged |
posted
g invest, if you are an investor just like me, please do not start with comments like "why are you joining in on the scamming." Read my last 500 posts before you make comments like that(actually, I'm pretty close to that!). I have no patience for that kind of talk.
There are reasons for the increased a/s that do not automatically translate into doom. Do we know what the real reason is yet? We do not. Are there reasons to be fearful? Yes. You can read some of my own posts for some of those reasons.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
| IP: Logged |
posted
I myself am betting on a Nov. 9th closing date for promold. Mr. Turek would have to be insane at this point to miss that date. And if theu close on the semco deal on the 17th as promissed we will have a sharp spike in the pps. Now you have to take Turek's track record into consideration. glta
Posts: 6008 | From: phoenix az | Registered: Mar 2005
| IP: Logged |
quote:There are reasons for the increased a/s that do not automatically translate into doom.
NO THERE IS NOT. DILUTION DILUTION DILUTION.
Christ people, don't you understand? It doesn't matter if he hits the "date" or not, unless it's a fully SEC-verified audit, he is going to continue to dilute. Do you people learn nothing of the ills of other stocks on here like QBID and CMKX?
QBID suddenly and quietly raise the A/S from 15 billion to 50 billion and now we find out they have 44 billion shares outstanding. What makes you think some backwaters stock like PLNI that talks about Plastic rebar (lol) is going to do any better? Can you name a single building with plastic rebar in it?
People, I'm trying to help you before you throw your money into this thing and a year from now (or less) it's at .0001 and Jim Turek's still saying "the audit will be out in a couple of days".
Learn from my mistakes, get out now while you still can, it just might force him to finish that audit. I highly doubt he's going to though. I encourage you all to view this PR from last May:
-------------------- As a forum poster, it is ironic that you are held to a higher standard than a Pink Sheet CEO. Posts: 676 | Registered: Apr 2005
| IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Frown]](frown.gif)
