quote:Originally posted by Bearclaw: Stock... You and I are getting close to agreement...Holy Cow Phil Rusutto...Yankee announcer...sorry...I digress here...
Now..if you could only dispense with the dilution theory we could exchange lawn equipment...
I know you think holding overnight is a problem...but...just a little to throw out there...A different guess than the dilution scenerio...If there was a share structure change...now just what if....here's my question?
What scenerio would holding shares play to your advantage when and if something to the share holders advantage happened? Think about it....Are there more than one possibility that would be advantagous to you? Could it even look like dilution? The PPS is rising and the float is getting tight...oooppppsss You'll want documented proof...sheet...Well sorry...not available...
I'm making sure I'm in a stock position every single night at close no matter what...but that's just...IMO
Bear,
I'll hold part of my position overnight (now much smaller than it was 2 months ago), but I hate to hold my "swing" shares overnight when I don't get as big a move as expected. Stocks that are weaker than expected tend to grow like cancers in my portfolio when I don't dump the swing shares. Next day I'm buying more lower to sell the following day, etc, etc... next thing you know I'm burried under a pile of POS stock. Thankfully I didn't buy any back until yesterday. Actually been selling all the way down starting as soon as it became obvious(at least to me) what WDCO represented back around .013.
Maybe these guys can pull a rabbit out of the hat regarding the shares, but its all a matter of interpreting actions and assigning probabilities for me. The upside is in the expansion of the business, not in a creative capitalization structure that could benefit me, IMO.
Any argument that has the company trying to push the stock down to buyback shares doesn't seem plausible to me. That would not only show a lack of regard for shareholders, especially those who sold before they lost 50,60,75% of their holdings, but it would be illegal. The mechanics of how this could have been done allude me since hundreds of millions of shares had to be sold to get the stock down here. Just watch the tape.
They have been very actively marketing their stock for months. Why would a company that has so much cash flow that they can get private financing (not backed by stock if we believe them) and can afford a buyback program, give away 10s of millions of shares to stock promotion firms and conferences like GB, BAC, MicroCap conference, American scene radio, etc... These companies don't help them sell rebar supports. They don't help them buy back stock cheap since it creates more demand for their stock. The only logical reason is that they want people to buy their stock.
What benefit would a buyback produce for Mr. Turek? He can issue himself as much stock as he wants and he already owns 70% of the company. He'll make the big bucks once they go to OTCBB and the business takes off, assuming everything they've represented about the business is true. Since they need to borrow to buy ProMold and Semco, why not use the buyback money and save the interest expense. I just simply cannot come up with a logical reason for their actions that excuses the massive sales by WDCO and VFIN and includes a buyback.
I do need proof or a logical interpretation of events before accepting an argument. I'm perfectly capable of missing the obvious or not so obvious, so feel free to enlighten me. Where I'm not comfortable is arguments that work backward from a desired conclusion. Everyone who's owned stock has been guilty of this at one time or another, but its an expensive impulse that's usually quite costly. I want the stock to go up, but I won't force fit a bullish argument to events if not warranted by logic.
[I just read this and can't help but think I spent too much of my youth watching Mr. Spock on Star Trek]
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
| IP: Logged |
posted
Stock... Just read your post over my morning coffee.. I'm glad you sold on the way down...I sure understand holding cancers in my portfolio...I originally came to penny stocks for a Virtual Keyboard...This stock was the hard lesson for me after trading for two years on the other exchanges...I sometimes wonder why I stayed in Pennyland but I have.
I have been having a difficult time as things developed the past several weeks. I also sold as the PPS dropped since .0141. At first it was to swing shares over a week or two but then it became obvious there was more going on. The trading just didn't reflect what the charts predicted would happen...Welcome to pennies...I too bought back in this week on Monday adding to a small number of shares I had retained.
This share situation is the number one issue concerning PLNI IMO. The Pro Mold and Semco deals are important but the final disposition of the share structure will tell the long term story.
If Turek sold a large block of his shares to to lower the PPS and then buy back a larger number at a lower PPS to retire a couple hundred million or so...well... The benefit would seem to be for the folks who held long especially if a retirement came off the float and the float tightened. There are all kinds of rumors flying around the boards from F/S to R/S and dilution to accumulation with the most recent one being warrents. There's just not enough evidence yet to really prove or disprove any of the opinions about the share structure. Only Turek can clear it all up. He could close this issue by filing with the SEC including the audit.
I want definite answers to this question also. I want the answers soon and explaind in detail. I keep shares overnight on stocks that I see by the charts are bouncing from the bottom. I think PLNI is retracing to prior levels now and will continue on the increase. I also think the trading will be active and reflect a more normal pattern. VFIN jumping in the last 5 minutes yesterday and watching the MM's jockey for position also says the interest is obviously intense. It was kind of fun and refreshing watching them. As positive as I am about PLNI I do keep a nervous finger on the sell button just in case.
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
| IP: Logged |
posted
Hey been a while since we had a buy rating from American Bulls. I know it's just a computer, but I'll take all the good press we can get these days. PLASTICON INTL INC Daily Commentary
Our system posted a BUY CONFIRMED today. The previous SELL recommendation that was confirmed was made on 10.21.2005 (20) days ago, when the stock price was 0.0107. Since then PLNI has fallen -33.64% .
Were you eager to go long? Well, without doubt, it was the right time to do so. The BUY signal was finally confirmed, and most probably you have called your broker and placed your long orders with no hesitation.
Don't worry if you have missed this buying opportunity. The market may now give you a second chance. You may still find good prices for buying in the next session.
BUY CONFIRMED
0.0071 +0.0011 +18.33%
White Candlestick Today a White Candlestick was formed. This represents normal buying pressure.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
| IP: Logged |
quote:Originally posted by Bearclaw: DQ... I hear they don't retire in Texas...just put you out to pasture for stud fees?
quote:Originally posted by DQ.: I don't know if it is a full YIPPIE yet but it is at least a YIP. Keep going man....I've held forever and I want it back up. Maybe it can still be my retirement stock. C'mon .25
That's true. If this would run up to .25 or .50 I could slack off on my stud fee and just enjoy.
Hope today is another green day. We need and deserve it.
-------------------- It's only money..We'll make more tomorrow! Posts: 788 | From: Tx. | Registered: Jun 2005
| IP: Logged |
posted
Maybe he forgot to send out the PR cause he was more concerned about gambling in vegas.
-------------------- Current penny stocks owned: PLNI, VWKM, AMHD. And yet none of them are moving anywhere.... Posts: 401 | From: Iowa | Registered: May 2005
| IP: Logged |
posted
Dont worry about us shareholders Mr Turek. We're a dime a dozen. Easy come, easy go.
You have fun in vegas! Good luck on the slots.
*fart*
-------------------- Current penny stocks owned: PLNI, VWKM, AMHD. And yet none of them are moving anywhere.... Posts: 401 | From: Iowa | Registered: May 2005
| IP: Logged |
-------------------- Current penny stocks owned: PLNI, VWKM, AMHD. And yet none of them are moving anywhere.... Posts: 401 | From: Iowa | Registered: May 2005
| IP: Logged |
posted
I bet when Turek is filing his 1040, for the total income earned, he puts "profitable" and then signs the bottom.
He's probably been running from the IRS for years...
-------------------- Current penny stocks owned: PLNI, VWKM, AMHD. And yet none of them are moving anywhere.... Posts: 401 | From: Iowa | Registered: May 2005
| IP: Logged |
quote:Originally posted by Dagger Depot: I bet when Turek is filing his 1040, for the total income earned, he puts "profitable" and then signs the bottom.
He's probably been running from the IRS for years...
No, he's been filing extensions for the past year and a half. IRS has no idea what's on the return.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
| IP: Logged |
quote:Originally posted by Bearclaw: I want the answers soon and explaind in detail.
Bear,
We're on the same page where it counts - information. I came to see the movie and they keep giving us trailers of coming attractions.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
| IP: Logged |
quote:Originally posted by Chopper: Hey been a while since we had a buy rating from American Bulls. I know it's just a computer, but I'll take all the good press we can get these days. PLASTICON INTL INC Daily Commentary
Our system posted a BUY CONFIRMED today. The previous SELL recommendation that was confirmed was made on 10.21.2005 (20) days ago, when the stock price was 0.0107. Since then PLNI has fallen -33.64% .
Were you eager to go long? Well, without doubt, it was the right time to do so. The BUY signal was finally confirmed, and most probably you have called your broker and placed your long orders with no hesitation.
Don't worry if you have missed this buying opportunity. The market may now give you a second chance. You may still find good prices for buying in the next session.
BUY CONFIRMED
0.0071 +0.0011 +18.33%
White Candlestick Today a White Candlestick was formed. This represents normal buying pressure.
Watch it Chopper... I did the same thing a couple days ago and got slammed.
I also opened a new thread (PLNI... NOW!!!)when the pps was between .005 and .0055. I took a rash of heat, the thread is now closed, but the stock pps is up nearly 50%!
Go figure!
Anyway... I still see some great things to come! Those long holders will be rewarded a princely sum very soon!
-------------------- 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 |
quote: I also opened a new thread (PLNI... NOW!!!)when the pps was between .005 and .0055. I took a rash of heat, the thread is now closed, but the stock pps is up nearly 50%!
Go figure!
Anyway... I still see some great things to come! Those long holders will be rewarded a princely sum very soon! [/QB]
Very soon?
Very soon, as in we'll be told very soon about the 5 billion a/s?
Very soon as in we'll get confirmation very soon of the Promold acquisition?
Or perhaps you mean very soon as in early last summer, when we were at .014 and you were singing the praises of very soon zipping up the charts? That was before you disappeared for three months.
A 40% or so gain in the last few days is very nice for those who timed it, not so helpful for those like me who are down 50% and have been waiting for months for very soon good news.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
| IP: Logged |
as in, IMHO, before the end of the year, and more likely, within the next week or two.
As far as being gone for 3 months.... well, if you are riding free shares, like me, I will always be green, so there are NO worries, and no need to come and read the whining and everything else!
-------------------- 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 |
posted
"A 40% or so gain in the last few days is very nice for those who timed it..."
That was me, but only made 23%. Probably going to buy back in when it dips back down next week.
Posts: 37 | From: Baltimore | Registered: Sep 2005
| IP: Logged |
posted
We missed something that could be potentially as huge as Promold/Semco/Audit completion and would be one he77 of a "Wild-Card"!
According to Bill Howe from the last GB report on the 31st, 3 major European Banks are interested in sponsoring Plasticon. If so, given the power of the current Euro vs our dollar, they could buy a large chunk of Plasticon a lot cheaper than an American outfit. Just something to consider that may have been overlooked. BTW- Bawhahahahahahahaha!!
Posts: 225 | Registered: Jun 2005
| IP: Logged |
posted
Stock... I haven't thought of this yet...and I'm looking for input...
Semco has offices in the far east and an buyout would mean PLNI, ProMold and Semco products will be available for sale and distribution out of those locations. Semco and ProMold were privately owned Corporations... What could this mean in terms of trading once the Semco deal goes through? Any thoughts?
quote:Originally posted by StockHunter:
quote:Originally posted by Bearclaw: I want the answers soon and explaind in detail.
Bear,
We're on the same page where it counts - information. I came to see the movie and they keep giving us trailers of coming attractions.
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
| IP: Logged |
quote:Originally posted by Bearclaw: Stock... I haven't thought of this yet...and I'm looking for input...
Semco has offices in the far east and an buyout would mean PLNI, ProMold and Semco products will be available for sale and distribution out of those locations. Semco and ProMold were privately owned Corporations... What could this mean in terms of trading once the Semco deal goes through? Any thoughts?
The business side has always looked promising to me, and over time the Semco branches could be utilized to expand their sales channels. Semco and ProMold should be wholly owned subsidiaries so they can do with them as they want.
My problem is that no matter how good the business side goes, I have absolutely no idea what my ownership share is, and how much debt is on the balance sheets. Semco and ProMold cannot have come cheap. The Semco folks must know what a gem they have. What will Plasticon pay for it and how?
I can look at market metrics and speculate on the potential revenue going out several years, but if I can't make an estimate on margins(without debt numbers)its meaningless. If they truly are not going to dilute with the purchases, they could take on so much debt their margins will be miniscule. If they tie the purchases to shares through some creative method, the margins could be great but the shares are diluted.
It keeps coming back to the same issue -- they have to be more transparent before we can get on grasp on the long term prospects for the pps.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
| IP: Logged |
posted
Bear.. I didn't know Semco had Tokyo & China branches! Now I know why BH & JT sounded so excited about the Semco acquisition. I believe these subpenny PPS days are nearing an end!
Posts: 225 | Registered: Jun 2005
| IP: Logged |
posted
Stock... Great points...With offices in Japan and Hong Cong does this bring the Asian markets into play...?? We are already on the German Exchange.
It becomes clear the audit and sharestructure is necessary to peg a value...but...Look at the HISC situation...The revenues were really never there and Apple rode that to over .10 (close to .16) without significant revenue and value...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
| IP: Logged |
posted
Outstanding Shares: 769,739,998 as of 2005-10-10
Estimated Market Cap: 60.039M as of 2005-11-08 (based on Outstanding Shares as of 2005-10-10) Authorized Shares: 10,000,000,000 as of 2005-10-10 Float: 12,434,258 as of 2004-11-01 Number of Shareholders of Record: 187 as of 2005-10-10
HISC Authorized Shares: 10,000,000,000 ?? Must be a typo? 10m or 10b ?
Posts: 225 | Registered: Jun 2005
| IP: Logged |
posted
This HISC info doesn't make a lot of sense, especially the number of shareholders. Heck, there are probably more than 187 people who've posted on the various HISC BBs. I have heard the 10 billion a/s from others. That's why I only swing it short term.
When HISC retired shares some months ago, at least they specified how many o/s shares were left afterwords. PLNI just said we retired 200 million and left us to believe it was from the 2.0 billion base listed on pinksheets and relayed from BAC.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
| IP: Logged |
posted
Yepper Stock... But the fact remains it ran a ton and hard from around .02...Apple was on that puppy...and his main job seemed to be to tighten the float. I did not follow it or play it so I'm not qualified to talk much about HISC...Other than to say what if PLNI is at the same place HISC was before it ran? Is Apple on board to recreate that here?
I'm just tossing out things today waiting like everyone else...Guess I'm bored waiting for the Semco news to hit...The meeting started already I'm sure...IMO
quote:Originally posted by StockHunter: This HISC info doesn't make a lot of sense, especially the number of shareholders. Heck, there are probably more than 187 people who've posted on the various HISC BBs. I have heard the 10 billion a/s from others. That's why I only swing it short term.
When HISC retired shares some months ago, at least they specified how many o/s shares were left afterwords. PLNI just said we retired 200 million and left us to believe it was from the 2.0 billion base listed on pinksheets and relayed from BAC.
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
| IP: Logged |
posted
So do we have any confirmation that PROMOLD is signed, sealed, and delivered?
Posts: 871 | From: New York, NY | Registered: May 2005
| IP: Logged |
quote:Originally posted by Bearclaw: Yepper Stock... But the fact remains it ran a ton and hard from around .02...Apple was on that puppy...and his main job seemed to be to tighten the float. I did not follow it or play it so I'm not qualified to talk much about HISC...Other than to say what if PLNI is at the same place HISC was before it ran? Is Apple on board to recreate that here?
I'm just tossing out things today waiting like everyone else...Guess I'm bored waiting for the Semco news to hit...The meeting started already I'm sure...IMO
quote:Originally posted by StockHunter: This HISC info doesn't make a lot of sense, especially the number of shareholders. Heck, there are probably more than 187 people who've posted on the various HISC BBs. I have heard the 10 billion a/s from others. That's why I only swing it short term.
When HISC retired shares some months ago, at least they specified how many o/s shares were left afterwords. PLNI just said we retired 200 million and left us to believe it was from the 2.0 billion base listed on pinksheets and relayed from BAC.
Bear,
Hisc ran because its a legitimate company with much more transparency than PLNI. They've developed real products, signed sales agreements, brought in credible big name advisors, held an annual meeting where shareholders could ask questions and investors can see results.
It ran despite Matt Maguire and Big Apple Consulting. In fact, I think that was one of HISCs biggest mistakes, hiring them. Look at the PRs. Matt had tons of legitimate good stories on which to put PRs, but still made the company look amateurish. I held back on the size of my trades after reading this PR. Its one of the lamest excuses for a PR and makes them look desperate for attention. Its like touting PLNI getting a buy rating from American Bulls yesterday.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
| IP: Logged |
quote:Originally posted by Bearclaw: Yah Stock... But HISC didn't do sqwat till they put out the unaudited numbers....They still are not reporting...so...no audited numbers...and
Maybe Apple's wheelhouse isn't PR's...
There is nothing to stop Plasticon from putting out unaudited numbers like HISC does. HISC also puts out specific sales info on a regular basis.
If Plasticon wants to be taken seriously they should give us the numbers now. They claimed they were finished months ago, but just going over fine details. If true, they are available. It would really be good if they announced an annual meeting. Even a web conference where investors can ask questions would do the trick. I'm still skeptical of the technical difficulties they had when the attempted that earlier. It turned into another paid informercial with no question asked about the capitalization.
I'm really getting tired of this company and putting way to much energy into getting basic info. I'm doing this more for principle than profit at this stage. Time to find the next big opportunity. In about 3 weeks we should hit tax selling lows in the dogs. Got to put together a list of doggies to monitor.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
| IP: Logged |
posted
Stockhunter, what do you mean by "tax selling lows"? Just curious. Can you claim losses on tax returns? And how do you go about the monitoring process?? Sorry for the list of questions, just trying to understand.
Posts: 460 | From: NC | Registered: May 2005
| IP: Logged |
quote:Originally posted by Steela: Stockhunter, what do you mean by "tax selling lows"? Just curious. Can you claim losses on tax returns? And how do you go about the monitoring process?? Sorry for the list of questions, just trying to understand.
No problem. People who have realized capital gains during the year often look to sell the dogs in their portfolios at years end to reduce their tax burden(capital losses offset capital gains). So the weak stocks that people have losses in tend to get sold more heavily at year end than the fundamentals would warrant. This selling tends to bottom out toward the end of november to beginning of december. At that time the bottom fishers start coming in and offset the last minute sales.
In a generally up year this situation becomes magnified as more people have capital gains to offset and there are fewer dogs available in which to realize losses. Based on the volume and price action, PLNI would qualify as a tax loss possibility for quite a few people. Though there are also considerations for long and short term capital gains/losses to be considered, but that gets more complicated and depends on each persons portfolio.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
| IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
