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» Allstocks.com's Bulletin Board » Micro Penny Stocks, Penny Stocks $0.10 & Under » PLNI The Next Level...Share Buyback, More to Come (Page 59)

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Author Topic: PLNI The Next Level...Share Buyback, More to Come
Spartans
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Many of us know what we're buying/bought
...others don't...

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OhhhYeah
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What does that mean?? I am not too good at reading cryptic messages....

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All men's gains are the fruit of venturing.

~Herodotus

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Spartans
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Ohhhh...
Sorry...it was in response to this paragraph posted by StockHunter a few posts back...

"The company still won't update its capitalization information on pinksheets. They may not release any more fluffy PRs until they address this issue, IMO. I think they are aware their actions are under more scrutiny than before, and by people with more clout than moi. They want their cake and eat it too. Tell investors how great the company is going to do, but hide the true capitalization structure. Come on Mr. Turek, its time to let the buyers know what they are buying."

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state780
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quote:
Originally posted by Bearclaw:
Ohhhh...
Sorry...it was in response to this paragraph posted by StockHunter a few posts back...

"The company still won't update its capitalization information on pinksheets. They may not release any more fluffy PRs until they address this issue, IMO. I think they are aware their actions are under more scrutiny than before, and by people with more clout than moi. They want their cake and eat it too. Tell investors how great the company is going to do, but hide the true capitalization structure. Come on Mr. Turek, its time to let the buyers know what they are buying."

You have hopes, bear, and so do I, but unless you're Jim Turek or some kind of insider, you don't have any more facts than say stock--which means you have a very limited idea of what you bought.

Onward and upward, I hope.

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GVMOORE
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We're moving up. That's all that matters.
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Spartans
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State...
I know what I bought...I have all the facts I need and those are anything but limited...and my PPS is at a level that I'm pleased with the profit I'm making...Maybe the major difference is the level we bought at...Mine gives me a positive and hopeful outlook and other folks see gloom and doom...although they may be beginning to see some light...I hope for them that the level they bought at promotes hope soon too as the PPS reflects the true potential of this company...GLTA

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clbgroove
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No Pr....I expect a slight sell off today based on the notion that they might not have met the dead line on Semco's 17th.

Maybe they ought to throw out a little curveball and do a afternoon PR rather than the Mapple 8:30 clockwork PR's.....

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Chopper
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I would release a PR on Friday or Monday after the actual contract signing.

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It will run when you least expect it. :)

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Spartans
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That's Semco. What about ProMold? Any thoughts on that?

quote:
Originally posted by Chopper:
I would relase a PR on Friday or Monday after the actual contract signing.


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Chopper
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These guys at SEMCO are on top of Marketing big time! They attended the 2005 NATIONAL HARDWARE SHOW and other shows this year to get the word out on the company in a huge way. They have already registered for the 2006 NATIONAL HARDWARE SHOW show as well as several other trade shows. Mike McAnulty (National Sales Manager) is conducting training sessions on the product line in December and February for Franchisees and installers. They want to blanket the country with a solid distribution and installer support. SEMCO produces the product line right there in Las Vegas and is ready for Aggresive expansion! He stated there is a NEW Web Site being developed and may be up in as little as several weeks. GO PLNI


SEMCO Inc is a visionary company that was started in 1990 in Las Vegas, Nevada. Currently we have offices throughout the United States of America, Japan, China, Singapore, and Australia. SEMCO Inc has contributed greatly to its local community with projects ranging from, Elementary Schools, Parks and Recreational Facilities, and Fire Departments in addition Five Star Resorts such as, Bellagio, MGM Grand and Venetian. With the successful completion of these projects SEMCO Inc has been deemed the #1 provider of water based surface products in the state of Nevada. By using the example of SEMCO Inc’s home state we are demonstrating to the world that with these newly developed technologies SEMCO will usher in new industrial products that contains beauty, durability, and is environmentally friendly. SEMCO Inc vision is to develop environmentally friendly products for surface coatings. SEMCO is the manufacture of ULTIMATE SURFACE EFFECTS®

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It will run when you least expect it. :)

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state780
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quote:
Originally posted by clbgroove:
No Pr....I expect a slight sell off today based on the notion that they might not have met the dead line on Semco's 17th.

Maybe they ought to throw out a little curveball and do a afternoon PR rather than the Mapple 8:30 clockwork PR's.....

Maybe they ought to put up signs outside the offices of Turek, Howe & Mapples reading Danger: Clowns At Work

Pathetic.

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clbgroove
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remember what happened when PLNI redid thier website!!!! YEE HAWWWWW

Lets roll into the new year positive then do the big march-june bump......guess i can wait till then for .04-.05(on the condition they get the shares under control we should be able to hit that)

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clbgroove
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Thats almost up there with the old boys from vegas of the firm "Dewey,Cheatum & Howe"


quote:
Originally posted by state780:
quote:
Originally posted by clbgroove:
No Pr....I expect a slight sell off today based on the notion that they might not have met the dead line on Semco's 17th.

Maybe they ought to throw out a little curveball and do a afternoon PR rather than the Mapple 8:30 clockwork PR's.....

Maybe they ought to put up signs outside the offices of Turek, Howe & Mapples reading Danger: Clowns At Work

Pathetic.


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OhhhYeah
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Considering all the dumping that was going on this morning we are looking pretty good at .0089 not too bad of a drop !

--------------------
All men's gains are the fruit of venturing.

~Herodotus

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Doctoall
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Are we going to have any action today [Big Grin]

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Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow

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BenHouston
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[Frown] down a fair bit right now
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clbgroove
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I think they held the PR for monday personally. Which was a smart move IMO,might as well come out next week with a big move rather than losing the thunder over the weekend, cause lord knows we need all the help we can get at this point!
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iwannaride00
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Let's see if the Thanksgiving holiday plays into this any. They might hold off until after the hollidays, we'll soon see....

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Borders, Language, Culture,
Get it?

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Dagger Depot
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If you think about it, the PR's may never get released.

This company plays by its own rules. If posting any data about the acquisitions add a little transparancey to the company, they wont post it.

The only thing public about this company is the stock. All financial data about it is locked up like for Knox.

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Current penny stocks owned: PLNI, VWKM, AMHD. And yet none of them are moving anywhere....

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shortnite
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FWIW...
Stockwire.com: The Movers and Shakers Blog, Part 2:

By M2
Last Update: 11/21/2005 9:07:22 AM
Data provided by

MIAMI, Nov 21, 2005 (M2 PRESSWIRE via COMTEX) -- We like stocks trading big dollar value volume! A very interesting indicator to look for is where the money is flowing into. We have a filter that we watch every morning that shows us "Dollar Volume". We also like stocks that are trading at bargain prices. As of 10:30AM, a couple of these stocks are: (QBID), (GZFX), (PLNI), (SSTY)

To feature your publicly traded company in our alerts, email us at getfeatured*stockwire.com

This 24/7 premium television network is organized to create, develop and feature television programming for the gay and lesbian community, including live & interactive content every weeknight, plus sports, information and entertainment. While the company expects much of its subscriber base to be comprised of members of the gay and lesbian population, management also believes that quality programming about the gay and lesbian experience, designed to entertain, educate and inform, will attract many other segments of the viewing public. The company's programming is available on a subscription basis to those desiring to subscribe. The network is telecast 24 hours per day, 7 days per week. Providing distribution via satellite ensures availability of the network across the United States, including Alaska, Hawaii and Puerto Rico. Q Television Network is the official network of Gay Games(R) VII. The network is also ad-supported.

GZFX is an online DVD movie and video game rental business. The Company offers subscribers a Web-based alternative to store-based DVD and video game rentals. For the six months ended 06/30/05, sales totaled $406K up from $58K. Net loss decreased 65% to $1.7M. Results reflect the change in business focus from consulting services to DVD and video game rentals. Lower loss reflects decreased advertising costs and lower consultancy fees.

Plasticon International 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.

Sure Trace produces integrators for anti-counterfeiting and security surveillance applications and is a provider of integrated tracking devices. The Company intends to deliver turnkey solutions for governments, armed forces, and industry, through its own proprietary technology and through aggregating the technology, products, and services of third parties via licensing agreements and or joint ventures.

As a trader, a very intelligent place to put your money, is where the money is flowing into. When you get into stocks that are trading millions of dollars within the first 30-60 minutes of the market being open, chances are you will be able to get out of your position without hurting the stock. These are the kind of trades that you want to get into.

As the saying goes...follow the money!

To see the complete Movers & Shakers Blog go to: http://www.stockwire.com Stockwire.com is an online financial destination where investors can go to research new investment ideas. We are focused on finding emerging growth companies that do not necessarily have widespread analyst coverage on Wall Street. The site also provides investors with full coverage of quotes, charts, and news for all publicly listed stocks in the U.S.

Investors are advised that this analysis is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy. This report does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this information. The information contained herein is based on sources that we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. Past performance is no guarantee of future results. Please consult a broker before purchasing or selling any securities mentioned on http://www.stockwire.com Any opinions expressed herein are statements of our judgment as of the date of publication and are subject to change without notice. Reproduction without written permission is prohibited.

CONTACT: Stockwire Research Group Inc Tel: +1 305 476 1947 e-mail: info*stockwire.com

M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.

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state780
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quote:
Originally posted by Dagger Depot:
If you think about it, the PR's may never get released.

This company plays by its own rules. If posting any data about the acquisitions add a little transparancey to the company, they wont post it.

The only thing public about this company is the stock. All financial data about it is locked up like for Knox.

PLNI: The Thanksgiving Parade of Clowns
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ed19363
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The silence is deafening. Where is all the good news? We've had the pump, are we now headed for a dump?

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If I give you bad information, please feel free to sue me. I have nothing left anyway.
Ed

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jibber39
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Im not too worried right now. Some people who bought in at .005 are just selling off a little to take a pofit. Plus to add to the selling, *************.com had a Sell confirmed posted for PLNI. Despite this i will buy as much as i can when it dips. I think they realized that they can't come out with anymore BS PR's. IMO i feel that they are waiting for everything to go through before they come out and say it. This way they dont' sound dumb going, only a few more days or a few more weeks. When everything is done, they will fire it out there and this stock will jump. They have too much riding on them right now to mess up. IMO, buy it up, nice price right now, .0076.
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jibber39
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the web site, *************, don't understand why that got blurred out there

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Do your own DD

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jibber39
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american bulls

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Do your own DD

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state780
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from another board:

quote:
FWIW, spoke with IR today and was pleased to hear a totally different tone than I was used to hearing in the past. I started off by specifically asking about what the issues are that caused the "Pro Mold" web cast to be postponed. I was informed that it is done but it's in the editing process now. Earlier, I saw a special on OCC and it dealt with how a show or other broadcast does indeed take at least 8 weeks of editing in order to provide a quality finished product.(my 2 cents)
I asked about the other outstanding PRs that were promised and was told that all, including; the fact that Promold is up and running, the completed financials will be released, the move to the BB will be addressed, stock restructuring will be addressed and finally the Semco aquisition is done and will also be released. The date I was given was that all would be done by the 31st of Dec....

For crying out loud! Another $$!!*!$#! promise! I've been waiting on this crap since May!

Tomorrow....tomorrow....tomorrow...tomorrow

Clowns On Parade

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state780
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To be thorough I'll post the entire message by "nez" at rb below. Past performance makes me react to this as another pile of steaming...... fill in the blank.


quote:
FWIW, spoke with IR today and was pleased to hear a totally different tone than I was used to hearing in the past. I started off by specifically asking about what the issues are that caused the "Pro Mold" web cast to be postponed. I was informed that it is done but it's in the editing process now. Earlier, I saw a special on OCC and it dealt with how a show or other broadcast does indeed take at least 8 weeks of editing in order to provide a quality finished product.(my 2 cents)
I asked about the other outstanding PRs that were promised and was told that all, including; the fact that Promold is up and running, the completed financials will be released, the move to the BB will be addressed, stock restructuring will be addressed and finally the Semco aquisition is done and will also be released. The date I was given was that all would be done by the 31st of Dec.
I know this is all information we have heard before but as I said before, the tone was far more focused and upbeat than I had previously experienced. There is now an additional person handling investor inquiries about PLNI in addition to Matt and I was given no vauge answers but actual responses that were very logical when considering the volume of information they are now putting together to make sure that it is accurate and complete and also that it will not conflict with future releases.
As I said before, this is all old hat for the masses but there is a definite difference in the manner that the responses were given. I did not once get anything like "things are more complicated than we thought" or "Mr. T jumped the gun due to his excitement.
Also with regard to Semco, if you have some time to kill try going to GlobalSpec's web site. It is an engineering web site and is free to register on. Once registered you will find information about PLNI, Semco and Pro Mold. You can also get the patents (for a small fee, approx. $4.00). If you have ever been with a company that was bought out one of the last things that you see is any appreciable activity with regard to employees due to the fact that as long as they are in the dark, an attitude of apathy tends to set in and you are not going to see anyone putting much effort into anything but watching the clock and worrying. You won't be seeing any big mind blowing displays being put together and if there is a show room, I doubt that there will be any self initiative taking place especially if the products are all already on the web (GlobalSpec will take you there). With regard to the person that posted hearing information about a company that is manufacturing plastic manhole covers, that company is on the GlobalSpec site and if I remember correctly they even have a division that sells only in the Mid east. The site is very informative and once registered, you will find information about many, many company's and trends in the construction industry. As I said, FWIW, Nez


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Dagger Depot
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Are you saying Nez blows smoke, or that Apple is blowign smoke?

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Current penny stocks owned: PLNI, VWKM, AMHD. And yet none of them are moving anywhere....

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state780
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quote:
Originally posted by Dagger Depot:
Are you saying Nez blows smoke, or that Apple is blowign smoke?

Not nez--have no opinion of him one way or the other, but I believe he's accurately reporting what he was told.

Mapple blows smoke as part of their mission statement, I'm pretty sure. As for this...who knows.

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BenHouston
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I have so much faith in PLNI, however I am in it for the long run, so I dont even follow it day to day, how about everyone else?

are you in it for the short? medium? or long run?

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OhhhYeah
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Short....actually already have a profit... if this thing doesnt move I will invest more in a stock that will.... like MOTG

--------------------
All men's gains are the fruit of venturing.

~Herodotus

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YellowSubmarine
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"..Hot Ziggity-Dog-Diggity..", they're talking about PLNI on The Motley Fool now...!!!

An Exciting Penny Stock
By Selena Maranjian (TMF Selena)
November 4, 2005

A month or so ago, I wrote an article on penny stocks, advising readers, as I've often done, to consider steering clear. I received a thoughtful response from a reader and thought I'd share it with you. Jeffrey T. said:

"I found your Motley Fool article on penny stocks nearly right on the money ... however, not ALL penny stocks are scams. Take Plasticon International (OTCBB: PLNI), for example. They are a fledgling company utilizing recycled plastic to manufacture concrete building products such as rebar supports and, coming soon, plastic rebar. With the future rebuilding efforts after Hurricanes Rita and Katrina, alternatives to steel products will be sought. Add to this, the company has recently acquired a company specializing in concrete sealing. This product along with the rebar supports can easily add YEARS to the life of bridges and buildings, by reducing the amount of decay from environmental impacts and corrosion. I would like to see you do a follow up story to the one you recently wrote, and highlight that there do exist some DIAMONDS in the pile of shiny rocks as you so appropriately quoted!"

Jeff, your wish is my command. There surely are some diamonds in the pile of penny stocks -- I'll concede that point immediately. The problem is, they're not so easy to find, and I'm not even sure that you've found one in Plasticon.

Plasticon's green flags
Your email did make Plasticon sound quite enticing, so I tried to look up information on it. I struck out at my usual sources of quick data, such as our own Quotes and Data area and even Yahoo!'s offerings. The place where I found the most information was Plasticon's website. There, I learned that:

The firm is 17 years old.

Its "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."

It has recently dramatically increased production capacity to $20 million in annual sales -- and up to $30 million, soon.

The market for rebar supports was $27 billion back in 1993, suggesting that there's plenty of money to be made if Plasticon's plastic rebar is accepted and purchased.

Plastic lumber sales in the United States are growing at 40% per year. I've seen plenty of plastic lumber and am impressed with it. Tom Gardner even recommended plastic lumber maker Trex (NYSE: TWP) in our Stock Advisor newsletter. (Though its stock has been having a bad year.)

A link to a profile of the company in a newspaper reported that the firm's products are used in all 50 states, and in more than 200 bridges across the nation, as well as elsewhere. Also, the firm has received patents valued at over $20 million and has an inventory of injection molds valued at over $10 million. (Inventory, like patents, isn't necessarily a good thing, unless it's put to good use.)

The firm is planning to buy back shares -- some 200 million to begin with -- which can boost the share price.
Plasticon's red flags
The only trouble is, despite all this information, I didn't see some of the info I was seeking. Specifically, I couldn't find:

Copies of quarterly and annual financial reports filed with the Securities and Exchange Commission (SEC).

Reports on just how much money the company has taken in in revenues over the past years and quarters, and how much it has kept as profits. (One press release listed on the company website had a headline that said "Plasticon Announces Company is Profitable as of Second Quarter 2005," but the link to the article was no longer working.)

Reports on the company's financial health. For example, how much debt does it have, and how much cash? Sometimes terrific companies crash because they can't service their debt or just don't have enough money to keep the machinery running long enough to make money.
This is pretty standard stuff for most publicly traded companies. For example, a quick trip to the website of Buffalo Wild Wings (Nasdaq: BWLD), a $225 million company recommended in our Hidden Gems newsletter a few months ago, offers links to annual reports and SEC filings, among other things. (Grab a painless free trial of Hidden Gems and see what other small, dynamic firms we've recommended.) It's the same with $650 million Rule Breakers recommendation Myriad Genetics (Nasdaq: MYGN), which is up some 14% since being featured a few months ago. (Try Rule Breakers for free and see the whole list of recommended stocks.)

There's other information I'd want before I'd consider investing in this firm, too. For example, who are its competitors and how are they doing?

Above all, I'm left wondering why the company, if it's doing so well, isn't offering any data on its financial health and performance for investors and would-be investors. One might argue that such details might be hidden so as not to inform competitors, but still ....

I tried one last resort. I called the Investor Relations contact person listed on the website. I thought I'd gotten the wrong number at first, though, because the call was answered by a Florida-based consulting company, which apparently handles investor relations issues for the Kentucky-based Plasticon. Regardless, I asked the fellow to send me the company's latest financial statements -- and was told he couldn't. He said they would be available in the near future, and that he'd send them to me. This was a week or two ago, and all I received was a press release announcing that "Plasticon Transfers Wholly Owned Inventory of Injection Molds to New Production Facility" and "Injection Molds Have Been Independently Valued at $10 Million." I even asked for past reports, while I wait for the latest ones. That went nowhere, too -- they simply weren't available.

In a nutshell
I've seen, read and heard enough about Plasticon now to make me not want to invest in it. This could end up being one of many investments and non-investments I regret later, but that's OK.

The company's market cap, or total market value, appears to be in the neighborhood of $15 million. That's pretty darn tiny. A simple, successful mom-and-pop store down the street might carry such a value. The stock price is a mere penny per share. If the firm is really doing so well, why are the stock price and market value so low?

I remain committed to my belief that most stocks valued at less than $5 per share carry such low prices for good reasons. These "penny stocks" tend to be volatile and are easy to manipulate and lose money on. Basically, I'd rather invest in firms with established and impressive track records and more transparent finances. If Plasticon one day offers more data on itself, I'll be happy to take a closer look, since the company and the industry are quite intriguing.

In the meantime, there are lots (and lots) of more established and exciting companies. Even Tootsie Roll (NYSE: TR) is compelling -- as W. D. Crotty explained recently. He pointed out that had you invested $1,000 in Tootsie Roll back in 1957, you'd have more than a million dollars now, as its average compound growth rate over the period topped 16%. Then there's Avon (NYSE: AVP), which as M. D. Mitchell explained, is growing slowly but surely and may grow much more, thanks to a presence in China. And Stock Advisor selection 7-Eleven (NYSE: SE), which recently reported sales up 17% and profits up a whopping 54%. See? Lots of promising candidates for investments -- and they all have financial statements ready for your examination.

So am I here to slam Plasticon? Not at all. I just don't know enough about it, even though I tried to learn -- which is the problem. If you know more than I do about Plasticon, as you well might, I invite you to share more information on our discussion board.

.

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T e x
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too long a rambling post...

what's the bottom line?

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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Chopper
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Bottom line if Selena Maranjian would have written it Tex is: Plasticon needs to meet their deadlines and become Reporting and Transparent. Then I think she would write a story on a penny stock that is a diamond rather than coal.

[ November 23, 2005, 07:59: Message edited by: Chopper ]

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It will run when you least expect it. :)

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ed19363
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The bottom line is that this person would not consider buying PLNI because it has not filed any financials. The very thing we have all been waiting for. It remains to be seen if we have all been fooled again by a penny stock that turns out to be a pump and dump, or if PLNI is real. They keep promising actions and not delivering, which is a baaaaad thing.

PS: all of the above are valid concerns.

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If I give you bad information, please feel free to sue me. I have nothing left anyway.
Ed

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