quote:Todays useless PR, the GB and Wall Street News fluff this morning and the gratuitous phone conversations reported from yesterday make me less confident we'll see a PR monday clearing up this mess. They are reverting to the old form. If they really were going to clear the air with details there would be no need to pump it today with the usual garbage.
That's certainly plausible. But I'm going to pretend they wanted to reduce phone calls before coming out with something on Monday.
A man can dream, can't he?
Great DD & commentary, GLTA
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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Purdue engineers study corrosion-resistant material for bridges WEST LAFAYETTE, Ind. – Civil engineers at Purdue University are developing a new generation of bridges that will contain corrosion-resistant plastic bars reinforced with glass or carbon fibers, promising to double the number of years between expensive repairs.
Concrete-strengthening steel bars called "rebar," currently used in bridges, are susceptible to corrosion, especially in the "deck," which is the uppermost portion of the bridge that serves as the riding surface. The rebar embedded in bridge-deck concrete is exposed to de-icing road salt that seeps through cracks in the pavement, said Robert Frosch, an associate professor of civil engineering.
"Bridge decks generally have to be replaced every 20 or 30 years, which is very expensive, but replacing the rebar with bars made out of fiber-reinforced polymers could extend the lifetime of a deck to perhaps 50 to 100 years," Frosch said. "If we could make bridges last longer, we could do other things with the money that now has to be spent on these repairs."
Purdue civil engineers have installed a bridge deck containing the fiber-reinforced polymer bars in a span over Interstate 65 at Thayer Road near Demotte, Ind. It is the first fiber-reinforced polymer-bar bridge deck ever installed in an Indiana bridge.
As steel rebar corrodes, it causes the rebar to expand, eventually causing chunks of concrete to break away from the bridge deck. This results in driving hazards and increases the exposure of underlying bridge components to road salt, which leads to more corrosion. The salty water also causes steel bars in both the upper and bottom portions of the bridge deck to act as the negative and positive poles of a battery, respectively, increasing the rate of corrosion.
"This battery effect accelerates corrosion in the bridge deck, but replacing the steel rebar in the upper portion of the deck with fiber-reinforced polymer bars eliminates one of the poles and shuts down this battery effect," Frosch said.
The fiber-reinforced polymer bars must be extensively tested, however, before they can be used to replace steel rebar in bridge deck construction, he said. The bars are made of a plastic polymer that is reinforced by fibers of glass, carbon or another material.
"Glass is the least expensive right now, at about a dollar a pound," Frosch said.
The price of carbon fibers has dropped consistently since the material was first developed for exotic applications, such as its use in construction of stealth aircraft.
"Over the years it's gone from $500 a pound to $5 a pound and can still come down from there," Frosch said. "The more you use it, the cheaper it becomes."
At the same time, the cost of steel has more than doubled in recent years.
Frosch worked with doctoral student Cihan Pay to analyze how well the new synthetic bars perform. As the bars are embedded lengthwise inside concrete structures, they often have to be spliced by overlapping the bars.
"We call this overlapping the splice length of the bars," Frosch said. "The longer the splice length, the greater amount of force the beam can withstand before it breaks."
The researchers are studying how much splice length is needed for specific applications, using hydraulic machinery to exert force on test beams until they fail.
"We're studying a range all the way from 12 inches up to about 54 inches of splice length," Frosch said.
The research is funded by the Federal Highway Administration through the Joint Transportation Research Program of Purdue and the Indiana Department of Transportation and is being conducted at Purdue's Robert L and Terry L Bowen Civil Engineering Laboratory for Large Scale Research.
Data collected from the experiments will yield important information about how much force the bars can withstand when different splice lengths are used.
A portion of Pay's research delved into the fundamental physics of how the concrete bonds to the overlapping bars. Pay used data from the research to develop mathematical equations for a new "fundamental model" that describes the precise performance characteristics depending on different splice lengths.
"Bond failure is very bad," said Pay, who recently graduated. "When it happens, there is no warning. People have no time to react."
The model may be used in the future by the American Concrete Institute in new guidelines for the design and construction of concrete structures with fiber-reinforced polymer bars.
"These are the guidelines for how engineers design structures using these bars," Frosch said. "The report will contain a chapter on splices and development of reinforcement."
Pay's equation for bond strength will apply to all materials, including steel bars.
"It's going to be one simple equation that works across the board," he said.
In the Thayer Road bridge over I-65, sensors have been inserted in the deck to constantly record data that will be used to learn how well the structure is performing. The data can be remotely monitored from Purdue.
"Strain gauges provide a tool to measure the amount of stress in the bars," Frosch said. "Gauges are attached inside the bridge deck as well as on the girders under the deck."
The researchers eventually will publish papers detailing how the bridge deck responds when subjected to actual traffic. Several states have built bridges with fiber-reinforced polymer bars, but the material is still considered experimental and is not in widespread use.
Frosch said new research will provide a means for increased use of these materials.
Writer: Emil Venere, (765) 494-4709, venere*purdue.edu
Source: Robert Frosch, (765) 494-5904, frosch*purdue.edu
PHOTO CAPTION: Robert Frosch, an associate professor of civil engineering at Purdue, displays various types of reinforcing bars used in bridge construction. At top left are two segments of conventional steel rebar, and the remaining segments are samples of corrosion-resistant plastic bars reinforced with glass or carbon fibers. (Purdue News Service photo/David Umberger)
quote:Originally posted by state780: That's certainly plausible. But I'm going to pretend they wanted to reduce phone calls before coming out with something on Monday.
A man can dream, can't he?
Great DD & commentary, GLTA
I hope you're right. A PR wouldn't suprise me, but I think its more likely to be cloudy, forward looking and filled with inuendo for the enablers than a clear unambiguous explanation of the situation and history.
Clearly I need to turn this thing off for the weekend as I'm losing what little patience I have left.
Have a great weekend.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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I got into this thing because the science and sector niche were so interesting. Unfortunately, the share structure, financing and company management make the science a minimal factor for shareholders in determining our profitability at this stage.
I'm a good trader, but not the best of investors. I got into CREAF because their MP3 players were far superior to market leader Apple in features, battery life and cost (equivalent on quality). The company mismanaged it going for market share over profits. I lost a bundle.
LEXR makes the best digital photography processors out there, but mismanagement almost sent them to bankruptcy.
SPEX developed a great sugar substitute, but mismanaged getting it to market for 15 years.
Great products and technology don't always translate into profits. Maybe some of the newbies in PLNI will make some coin, but unfortunately our fate is with some truly questionable charactors.
When I was involved in the dot-com boom out here the VCs always told us you don't make money buying great technology and ideas, you make money buying great management teams.
We need Turek and company to give 10% of the company to some seasoned big name managers in the construction industry and step aside from the day to day. Then I (and the street) would have more confidence investing in the company.
Have a great weekend.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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posted
Stockhunter...NITE was sitting on the ask all day yesterday and today...He mirror traded all afternoon on Thursday...Just FYI...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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"...If PLNI plans to have their new aquisitions included in the current audit, they MUST have SEC APPROVAL for the audit and uplisting, ...not SEC approval for the simple aquisition..."
This according to a market expert.
Posts: 871 | From: New York, NY | Registered: May 2005
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posted
mbmaid... Good post...Here's the deal from where I sit today...Folks are having a hard time with Turek and Howe...Trust issues...I'll be curious, when all's said and done, if folks can get an answer to resolve some of the trust issues...The who, when ,how and why's of it...
I want to know if the SEC issues surrounding the move to BB, audit and aquizitions also played a part in what they could and couldn't say...I will be asking Turek some direct questions of my own after this all falls out...I want to meet him face to face...I'll be taking a road trip to Kentucky from Knoxville after the holidays just for this reason...I want to look this guy in the eye and see what I see...shake his hand and talk some...I'll know what I'm going to do after that...Probably decide somewhere on RT. 75 South...
For folks who wanted to stick with this stock over the long term it's critical these trust issues get resolved...It is for me anyway...otherwise I'll swing trade it for cash and get out when I'm done with it...unless I can re-establish my trust in management,specifically Jim Turek. I've been trusting him from the conversations I've had with third parties... After being surprised by the dilution, when I assumed it was something else, third party conversations won't work for me to stay the long haul. I fully expect the aquizitions, audit and move to the BB. That is my understanding talking to a group of folks that I trust...When this all falls out then it's time for me to decide...So to Louiville we go...Check out this new office bum a free cup or two of coffee and come on home...
quote:Originally posted by mbmaid: From RB:
"...If PLNI plans to have their new aquisitions included in the current audit, they MUST have SEC APPROVAL for the audit and uplisting, ...not SEC approval for the simple aquisition..."
This according to a market expert.
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
You will never see an independent audit. They may swear to it, promise it, but it will never transpire.
-------------------- 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
Look, a lot of people were convinced the dilution was a stock buy back or accuumulation, because they had or have trusted sources. This is a pink sheet. This management is an experienced in pink sheet ploys, tactics, stradegies. They're talking about an audit, so they can move to a bigger board. How often have you heard that, and more importantly, how often does it really happen? I thought I saw a post where less than 15 companies, on the pinks moved up in a one year period, it just doesn't happen often, but is regularly said and/or promised. People have their hard earned cash invested in this, they want to believe the best, they don't want to feel foolish or duped, they will believe the most ridiculous senarios to save face or just not feel like they have poor judgement. These pink sheet operators know this and exploit it. Look at those poor people who still believe there is something good going to come out of CMKX. As far as meeting a guy, and reading his sincerity, well, a lot of people met Urban Casavant, and invested more afterwards. Just the fact that the float was diluted by 38% while "trusted sources", and company misleading PR's were telling people to belive otherwise should be more than enough to convince any reasonable person the company isn't playing fair. They will continue to promise great things on the horizon, and continue to not achieve them, because of some outisde force, whether it be, the SEC approval, MM's, NSS, or whatever they can think of. Eventually they will either have no choice to R/S or R/M leaving investors with much less. Can I prove or back up any of this? Heck no ! Is it just an opinion, Damn Right! Have you all seen it before? Damn Right you have. Does even the strongest supporter of companies like this have these doubts in the back of their minds? Damn right they do.
-------------------- 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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quote:Originally posted by will: Can I prove or back up any of this? Heck no ! Is it just an opinion, Damn Right! Have you all seen it before? Damn Right you have. Does even the strongest supporter of companies like this have these doubts in the back of their minds? Damn right they do.
Will,
You're quite the busy bee with 4801 posts in 22 months, an average of 218 per day!!! You've started numerous threads and participated in too many to count.
With such extensive experience in pinkland people would be well advised to listen to you. While "its just an opinion", it is the opinion of someone who's been around this block a couple thousand times.
Thanks for the post. I'm listening.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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posted
SH, wish I had your calculator when I count my money. 30 X 22 = 660 days, 4800 posts / 660 days = 7.2 post per day. However, I wish the number of post translated to either, one, that I knew what I was talking about, or two, translated to profit. I guess it is possible to see trends, scenarios, and the same old stories just through osmosis. I'm flattered, but I only know that I know very little when I see the $ amount in my accounts.
-------------------- 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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quote:Originally posted by Bearclaw: Stockhunter...NITE was sitting on the ask all day yesterday and today...He mirror traded all afternoon on Thursday...Just FYI...
Thanks for the observation Bear.
I don't get too concerned with the retail guys like NITE and SHWB. They're on both sides of most sizable pinks, most everyday. They may swing a bit for themselves, but its probably largely retail driven.
Its the uncommon names that show up suddenly and persistently that get my attention. Some occassional players seem to exhibit patterns as well. AGIS has primarily been a buyer with some significant size, but rarely chases more than a few ticks. MDAS usually sells and can walk it down a bit. Other than those I haven't seen anything particularily alarming in a couple weeks.
As for the mirror trades, that usually means the MMs don't want inventory. They're only matching public orders and taking their cut (the spread). The prevelence of these trades usually means the MMs are not playing games or taking risk. They're just happy to make their pennies on the scalp and sleep well at night with no position. Given the uncertainty thrown into the market yesterday it sounds like a prudent strategy to me.
This really shows up in thin stocks. IGTG just started trading after a 40-1 rs 2 days ago. The market today was .09B/.20A. You could drive a battleship through that one. Every trade was mirrored and very few trades. The MMs don't want any inventory until the order flow picks up. Not the bravest of market makers, in fact its practically a misnomer in this case. The stock went up 133% from the first to the second trade. These guys are cowards, IMO. Tighten the markets and you'll get more order flow.
-------------------- 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 will: SH, wish I had your calculator when I count my money. 30 X 22 = 660 days, 4800 posts / 660 days = 7.2 post per day. However, I wish the number of post translated to either, one, that I knew what I was talking about, or two, translated to profit. I guess it is possible to see trends, scenarios, and the same old stories just through osmosis. I'm flattered, but I only know that I know very little when I see the $ amount in my accounts.
Uh, that was supposed to read "218 per month", not "day". sorry. Its not that big a deal here, but I've been known to do that kind of thing with money involved. Can be dangerous.
When I used to work on a trading floor years ago, we had to fill out paper tickets and hand them to clerks when we needed to trade off another exchange. I often grabbed the wrong type of ticket. If I was buying puts, my mind is thinking "get short". Short means sell, so I grabbed a red "sell" ticket. Instead of hedging my position I would double up. Scarey thing is those were usually my most profitable trades.
Guess I've proven its time for me to get some sleep.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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"...If PLNI plans to have their new aquisitions included in the current audit, they MUST have SEC APPROVAL for the audit and uplisting, ...not SEC approval for the simple aquisition..."
This according to a market expert.
FWIW, and its not worth much, Matt had told me months ago that the acquisitions would not be included in the audit and did not need to be. To some degree this makes sense since an audit can never be up to date to yesterday given the complexities involved. OTOH, if an acquisition significantly changes the composition of the company, there may be a rule requiring it.
Common sense would indicate the SEC or Nasdaq might have a revenue percentage threshold for such a requirement. Of course, I've learned a long time ago (mostly from dealing with the IRS) that one should not assume a rule exists simply because it sounds reasonable.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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posted
Besides the fact they are a promoting website.... I do like the fact they put their money where their mouth is and supported the stock.
Special Update from the Green Baron
Plasticon International (PK: PLNI)
Pre-Market News Alert: Plasticon Completes Pro Mold, Inc. Acquisition
Plasticon International has been a Green Baron favorite for much of 2005. Members who followed our May 2005 profile were treated to a stock that rallied from .0052 to .0199 in less than 30 days. The stock traded back and forth between .011 and .019 for much of the year until recently. Amazing enough, Plasticon has given back nearly all its gains from this year at a time when it appears things are just getting started at the Company. Today’s release confirms a number of important developments for Plasticon.
The Green Baron Report has plans to interview CEO Jim Turek and Senior Consultant Bill Howe at least one or two more times in the near future. Both gentlemen are eager to report what has been happening over the past few months in great detail, but must be careful about appearances and interviews during what appears to be the final stages of its audit.
Our parent company, Evergreen Marketing, Inc. has recently purchased stock through private transactions in Plasticon. We have also suggested our closest high net worth contacts to consider supporting Plasticon due to its extremely promising future. Although we would like to articulate our feelings about Plasticon stock more at this time, we also must be mindful about our support due to our personal financial interests. Instead, we will continue to present all Plasticon news announcements and conduct interviews with key PLNI parties to keep all members and the investing public updated on the latest events. We will continue to comment where it seems appropriate to do so.
LEXINGTON, KY--(MARKET WIRE)-December 9, 2005 -- Plasticon International Inc. (Other OTC: PLNI.PK) is pleased to announce that the company has successfully completed the privately financed and definitive agreement for the acquisition of Pro Mold, Inc., pending SEC approval. Plasticon will be receiving plant equipment and current contracts valued at close to $5 Million.
Pro Mold, Inc. is currently profitable and generates revenues of approximately $5 million annually. Pro Mold, Inc. is one of the premiere injection molding companies of the Midwest. The Pro Mold facilities will be wholly owned by Plasticon, and will become the centerpiece for manufacturing operations. As a result, Plasticon will no longer rely on contract manufacturers, thus improving the company’s bottom line.
The Pro Mold facilities allow Plasticon to greatly advance production capabilities. With the addition of the new high-capacity molding machine that Plasticon recently purchased, the plant will now be able to produce up to $28 to $30 million in and sales annually.
"This acquisition symbolizes a move to the next level for Plasticon, we can now control the future of the company through our own proprietary manufacturing methodology. This is a great day for Plasticon and our investors." stated Jim Turek, President and CEO of Plasticon International, Inc.
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.
For more information, please visit the Plasticon web site online at www.plasticonintl.com., or Contact Investor Relations at: 1-866 THE APPL(E)
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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posted
The GB update is a big red flag IMO. They make their money by receiving shares and then selling them. When the stock goes down, they have to pump harder to protect their position and to sell more shares. The most disingenuous statement in the email is :
“ Amazing enough, Plasticon has given back nearly all its gains from this year at a time when it appears things are just getting started at the Company. “
Come on. They absolutely know the why and how this happened because they were an integral part of the fall. From Sept 1 to Dec 7 the number of shareholders increased by 31% while the stock lost 63%. The GB pump brought in new investors who bought from those distributing virgin shares into the market. While these shares could have come directly from the company, a conduit like GB is also a likely source.
More info and spin from the GB:
“We have received 18,500,000 shares of free trading common stock from a consultant of Plasticon International, Inc. (PLNI); Evergreen Marketing acquired an additional 10,849,829 shares of PLNI through private market purchase and finders fees. Evergreen Marketing partners acquired a total of 9,993,106 through private market purchases. We have also funded the company an additional $100,000 through a private purchase of shares. We invested another $50,000 US through a private purchase transaction. “
Its too bad we don’t get to see their books. The likely translation of this spin (IMO of course) is GB receives shares, sells them, keeps some for themselves and returns some (“private purchase”) to Plasticon in return for more free or heavily discounted shares which they sell into the market. This cycle will go on as long as needed and as long as it works. GB makes money, Plasticon raises money, and our stock gets diluted.
I would suggest everyone interested in following a GB recommendation look at their disclaimer and go through all the companies they have represented (helped raise funds through stock sales). Their clients cannot raise money on their own so they need to sell shares. Many if not most of these companies fail and even fewer shareholders make money by purchasing the shares they help distribute into the market. Notice in the disclaimer they state they can sell stock even while are recommending its purchase.
Originally I was hopeful the o/s and float disclosures would force the company to issue a PR with complete explanation. The fact they went to GB and Wall Street News for a pump, ignored mine and others written requests for clarification, and used the old phone chat with a friendly investor route to spread their message makes me skeptical.
IMO, this is what you will likely not see in Mondays PR (if there is one). There will be no share numbers, certainly not float numbers. The float is likely much higher than the 690M stated (see earlier posts) so they will only make vague references to previous numbers, dates and sources. They will not state the exact source of the sales, only ‘fill in the blank’ inference. They will not spell out how many more shares and from what source further dilution can come. They will not explain why BAC lied to investors after having been informed of the change in a/s, and why they lied about having that information. (I sent it to both BAC and Turek in October). If they blame BAC for the misinformation they need to explain why they weren't fired and continued to knowingly give out this false info.
We need to demand explicitly stated written answers to basic questions. Since they claim the audits numbers are done and they want to be fully reporting, they should start now by acting like a fully reporting company. HISC is waiting to go OTCBB and they still release sales and unaudited results and spell out their capitalization. There is no reason for silence or secrecy, only the ability to do so since they are pink.
The best way to protect our investment is to demand explicit and timely answers. The best way to lose money is to help them promote false information they feed out through second hand sources, phone conversations and inuendo.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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posted
I believe the same distrust and statements on the boards were said of HISC until they became more translucent. Same deal... Go back and look at the old HISC threads. Just trying to look at the bright side there Stockhunter. But thanks for the fare and balanced reporting. GLTY
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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This is not the most scientific statistical analysis but it is a good back of the envelope approximation of how their stocks do. I took the first 43 stocks they listed on their disclaimer page as having received stock for payment(I got tired at that point, but there are a bunch more). I used bigcharts to get the high/low and last for the past year. Here are the results:
43 stocks
13 symbols had no quote available - most probably defunct, some may have merged or changed symbols
Of 30 quotable stocks:
28 were trading below their 52 week mid point.
18 were down over 90% from their 52 wk highs.
of the 2 stocks above their mid point one was a gold stock (they're all up lately).
The average of the 30 stocks was 80.1% off its yearly high.
Now, some of this stock was recieved in 2003 and 2004 so a longer time frame would be more accurate, but I don't believe the overall picture would change by much.
Bottom line: Companies that need to give stock to the Green Baron are long shots. The GB has not seemed to help them improve their outlook enough to overcome existing challenges and the GB share dilutions.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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posted
Way too much skepticism has surround Plasticon International far too long. Now it's nearing time for the "To the Moon", crew to come about. Question will soon be, 'It's at .065, should I sell or wait till .15???? "Just found PLNI today, is it too late to get into PLNI at .08?? What are your "long-term" projections? Should I wait for a pull-back? Sound familiar? One can almost feel the built up tension that PLNI possess.
Posts: 225 | Registered: Jun 2005
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posted
This is one of the most useful posts on how to do DD on pinks that I've seen. Lots of good advise and useful links. Well worth the read for newbies and veterans alike.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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posted
Great commentary after the close on Friday and over the weekend. Unfortunately, suspicions about no o/s and float pr today have come true.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
Holy smokes batman, a 10% gain in 10 minutes!!!!!
Shes gonna blow captain!
Have faith guys, things are still moving forward....IMHO
My new years dream: 1. Stick audit you know where 2. Semco actually does work 3. Bluelinx loves both products 4. Bluelinx says "Hey guys, go away cause we want to put our name on this stuff and you can work for us in manufacturing since your not real good at management....and O by the way heres a big enough check for you to go back sailing with all your happy shareholders"!!!!!!
Posts: 952 | From: OH | Registered: Apr 2005
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posted
Holy smokes, batman, it lost that 10% gain in the NEXT 10 minutes.
Somebody blew the captain.
Have faith, guys, someday (after the R/S) we will move to .0001.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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posted
Martin and Lewis George and Gracy Penn and Teller clbgroove and ed19363
Thx guys, I needed a good laugh today.
-------------------- 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 state780: [ Hey stock, VFIN's back on the ask, at .0049 at the moment. Significant?
It may be. They've popped in and out for a quick trade or two since the sell program ended in early Nov, but today's order is different. They lead on the ask, but allowed others to join at first - not too concerning. But now seeing them step ahead looks ominously familiar, doesn't it?
Its more than a few million shares and that's not good. We'll have to keep an eye on them.
Its truly a shame the revelation about the previous dilution has not sparked more of an effort to force the truth out of the company. Reading the other boards its clear why these pinks get away with this crap. These enthusiastic, optimistic pinky investors bend over backwarkwards to make tortured explanations to justify their trust. Without a word from the company these guys are back to blaming naked shorts and "paid bashers" (whatever the hell that means) for the decline. Missed opportunity to clear the air.
I wanted to spend this week on Xmas prep, but now it looks like I'll have to spend more time on the phone and writing letters. I want answers before they drop the bomb with the restructure.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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