quote:IMO, this company has managed to sell more shares to us (through VFIN) by keeping the hope for a PR alive. They probably do have to come out with some fluff tomorrow to maintain some form of credibility, but not much more....
This company leaks or drops hints at big news PRs all the time. People buy hoping this will be the one they've been waiting for to launch the stock....
That, unfortunately, is the track record. As for the SEC, who knows if the completely legitimate complaints evidently filed there are affecting PLNI's behavior, but it's as plausible an explanation as any for the drastic reduction in formal communications with the public. Nothing good & solid & independently confirmable to report, so say nothing. (It's not because of any SEC-related "quiet period," as others have posted from time to time).
I'm very much hoping for a turnaround; I just don't see any positive signs at the moment.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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May I remind people of the PM feature on AS. Its really a great tool. When you have something personal to take up with an individual, or something off topic, just hit the second icon from the left by their last post (the 2 people shaking hands by the envelope). You send a direct msg to the individual and can start your own private thread.
It helps keep the pissing wars to a minimum and lets people share comments and speculation that may not be appropriate for the full board.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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The Claw never threatened you Ries.... Stock and State have been in this stock for a long time and hold positions. All of us have been through all the DD 100 times. Now it's time for PLNI to get with the transparency issue and do what they have said they would do.
Now all I need is COLD to give me the Basher Bawahahahahahahahaha and my day will be Grand.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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Plasticon Builds Foundation in 2005, Now Positioned for Dramatic Growth in 2006 LEXINGTON, KY -- (MARKET WIRE) -- 12/30/2005 -- Plasticon International Inc. (OTC: PLNI) is pleased to announce that the company achieved many important milestones in 2005 and is now poised for dramatic growth in 2006.
"In 2005, we focused on fundamentally positioning the company for long term growth," said Jim Turek, President and CEO of Plasticon International. "First, we continued to strengthen our exclusive relationship with the largest distributor of building materials in the U.S. This contract gives us a tremendous advantage over our competition, with a network of over 63 strategically located warehouses nationwide. To give you a sense of our competitive advantage, our closest competitor has the equivalent of only 4 warehouses. Our distribution network, which is unparalleled in our industry, will continue to be a major advantage as we move forward.
Secondly, for the first time in the history of Plasticon International, we will control the manufacturing process from start to finish which will allow us to control our own destiny through the Pro Mold, Inc. production facility. From this point forward, we will no longer rely on contract manufacturing. The acquisition of Pro Mold, Inc. is significant because Plasticon will now be able to meet increased demand, offer our customers faster turnaround times on orders, and the new plant will give Plasticon more direct supervision of quality control issues. As a result of this acquisition, we 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. We are proud to be acquiring one of the premiere injection molding companies in the Midwest. The acquisition was completed in November and is now awaiting SEC approval.
Third, Plasticon continued a tradition of product innovation with our patented line of rebar support products, including the new PAC Chair III the most versatile individual rebar support available in the market today, which represents a quantum leap in recycled plastics manufacturing technology, for the construction industry. Production capacity for all of our patented rebar support products is increasing exponentially as we replace the older generation of molds with the latest generation, most advanced, state of the art injection mold technology. This new generation of molds allows us to improve output costs, increase production capacity and improve efficiencies greatly. Additionally, our recently patented PAC Chair III product continues to exceed expectations and potentially may become our number one selling rebar support product We will continue to strive to be the most innovative force in recycled plastics in 2006.
Fourth, Plasticon is in the process of completing the acquisition of SEMCO Manufacturing, Inc., a cutting-edge surfacing technology company, which will allow us to synergistically offer SEMCO's surfacing products, which completely waterproof the surface they are bonding to, with Plasticon's existing rebar support product lines. SEMCO Manufacturing, based in Las Vegas, Nevada, since 1981, has provided their innovative surfacing products to many of the city's most impressive showcase projects, including the world-famous fountains at the Bellagio, Las Vegas's premier hotel-casino, the MGM Grand and The Venetian Hotel-Casino. Their eclectic customer base also includes high-profile commercial, public and private clientele. SEMCO is currently located in Japan, Hong Kong, Singapore and Australia, as well as the US. Due to the uniqueness of its product, which chemically cross links to the surface it's being applied to and the versatility of its applications, SEMCO could become the highest sales and revenue producing division of Plasticon International Inc. The market place for SEMCO's products is virtually unlimited, thus setting the stage for SEMCO to become the most profitable aspect to Plasticon business in the years ahead. The acquisition of SEMCO is nearly completed and should be finalizes in January, or early February of 2006. We look forward to sharing some exciting new developments regarding SEMCO in 2006.
Fifth, industry trends continue to favor the adoption of our recycled plastic products. There are four major industry trends that we believe are very advantageous to Plasticon over the next several years.
-- Environmental law is becoming stricter, so government regulation is actually driving business to us. Compliance is a very serious issue in our industry and increased environmental regulation helps our bottom line. -- Our business is built on recycling so we have an incredibly abundant supply of raw materials for our products. We work with one of the largest suppliers of recycled resin products in the country. These resources are not only plentiful; they are also cost-effective for us and our end-users as well. In 2005, we contracted with 7 new suppliers of recycled resins, broadening our base of supply, as well as increasing the availability of resin which will enable us to achieve a major increase in our projected rate of growth. -- The price of steel is skyrocketing, which gives distributors and construction companies yet another reason to use our recycled plastic rebar supports rather than steel. This is true both domestically and internationally. -- There are industry indicators that show that there will be increased domestic construction over the next several years. For example, the Senate recently passed the $285 billion Transportation Bill, which we believe will have a major impact on our business. Plasticon is the only company in our sector that is DOT approved or accepted in all 50 states and territories. International construction is increasing as well, and we are looking forward to expanding our opportunities abroad.
Sixth and finally, Plasticon retired 200 million shares in 2005 as the first step in a share restructuring program. In addition to this the Company will be initiating a share buyback program starting early in 2006, designed to significantly reduce the number of issued and outstanding shares and to better reflect the earnings per share. As well we are completing our audit in order to up-list to the OTC: Bulletin Board. There will be announcements regarding the share buyback program and the audit coming in January of 2006.These events will drive growth and profitability for the Company and should be reflected in the value of our stock as we move forward into an exciting new year," concluded Jim Turek, President and CEO of Plasticon International, Inc. For more information about Plasticon International, please visit the Plasticon International web site at www.plasticonintl.com.
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.
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934, and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, management and maintaining growth, the effect of adverse publicity; litigation, compensation, and other factors which may be identified from time to time in the Company's public announcements.
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I was expecting some fluff PR but that was shameful. The strongest point I made with Rodney was the need for them to state in writing(PR) what the stock structure was given the BS PR they put out in august claiming to retire shares, but failing to mention the massive increase in shares.
They did it AGAIN!! Its shameful, and the SEC needs to get involved here before more people get deceived into funding these guys. Talk about buybacks and claiming to have retired shares again, but no mention of the current share structure is dishonest. Fool me once, shame on you, Fool me twice, shame on me.
The fact that the SEMCO acquisition has been pushed back has me concerned they need to sell more shares to get this done. If they can get this done at all.
ProMold is still not completed supposedly pending SEC approval.
There is nothing in this PR, but confirmation that nothing has been finalized. Its just a continuation of their pattern of holding the carrot in front of our nose so we continue to buy shares from them. There will probably be a host of enablers on the BBs crowing about how great things are going to be and encouraging newbies to buy before the big january news. Like a soap opera, you go away for a year and when you come back, nothing's really changed.
Here's a great post by Jeffery S. Mitchell on SI. He lists 10 rules every pink investor should have posted on their wall. Its more pertinent now after the PR.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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Stockhunter that is the biggest problem with pinksheets companies. I have called PLNI numerous times and I get the run around everytime as soon as they find out I want to know the current share structure.
-------------------- Spend Word For Word With Me And I Shall Make Your Wit Bankrupt. Posts: 1326 | From: Here | Registered: Oct 2005
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Stock... Your going over the top buddy...calm down...You knew a PR was coming today...You knew it was going to be an outline of the business plan...Chill man... If what is in todays PR comes to fruition then an entry point is what is important now. If folks believe the PR they'll consider their entry and if they don't believe it then they won't play it...Remember the chioces that are crucial are ... BUY, SELL or HOLD
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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That's right stockhunter... if you keep making a fuss about losing money no one will buy this stock and bearnub here won't get his check from the prmotion company.
-------------------- Spend Word For Word With Me And I Shall Make Your Wit Bankrupt. Posts: 1326 | From: Here | Registered: Oct 2005
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What a useless PR, what an insult to stockholders.
When will these clowns comprehend the meaning of "complete"? They haven't completed anything, including the "completed" Promold acquisition that's pending SEC approval--and not a word why the hell it would need SEC approval. I got that over the phone once--supposedly they were listed once and thus it has to be reported--but we all know how much that's worth.
And to mention a share buyback without even acknowledging the secret increase to 5 billion authorized shares, the 690 million (we hope) float and the 2.3 billion outstanding---how dare they.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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The fact they claimed to retire shares this past year when they in fact issued more, and they are making more such claims now w/o telling us how much more the float increased (no way its 690 million) says one thing more loudly than anyting else.
Pink investors almost never sue over fraud, and the SEC almost never nabs a pink no matter how blatantly they flaunt the rules. These guys act as though they have complete ammunity. No fear whatsoever.
To say this is a dissappointment is a gross understatement. I'm more upset that the regulatory system does not work for pinks than I am about those who would take advantage of the the lapses.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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Here's a fun read from The Motley Fool about hyping of penny stocks on BBs. Its from 1994 when Prodigy was the be-all of pennystock forums and the online pump and dump was in its infant stages. They thought the way hypsters ridiculed the skeptics was extreme then. Its funny reading the quotes now because its gotten a whole lot worse.
-------------------- 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 Bearclaw: Funny stuff, You call the pumpers "pump and dump" "hypsters" You call the bashers "sceptics"
Elevating our status are we? Poor...poor bashers...hahahahahah funny sheet...
Their words, not mine. Read the article. The skeptics were just pointing out the truth -- does that make them bashers? The hypsters (their words) were pumping an investment scam. Maybe I just don't understand the semantics.
The article points out how viscously anyone who questions the news and rumors about a company that's being pumped is verbally trashed, belittled, ridiculed and intimidated. Where have we seen this before?
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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Good Post Bear..... Really Funny stuff! But what happened to your empathetic post? I guess only the Basher posts count as informed investors and the folks that believe in the company Don't count or have a say.
Quote: from BearClaw
Poor Poor bashers ...Maybe we should apply for federal aide for counseling the poor poor bashers...Maybe a mental health diagnosis (psychobashers) for being bullied so insurance will pick up the counseling bills....Whaaaa Whaaaaa
Posts: 132 | From: NC | Registered: Jun 2005
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Emathetic is right! Very insightful Stock Jockey!I know folks with "Persecution Complexes" and counseling works... Day at a Time...
Member Rated: posted December 30, 2005 01:30 PM -------------------------------------------------------------------------------- Good Post Bear..... Really Funny stuff! But what happened to your empathetic post? I guess only the Basher posts count as informed investors and the folks that believe in the company Don't count or have a say.
Quote: from BearClaw
Poor Poor bashers ...Maybe we should apply for federal aide for counseling the poor poor bashers...Maybe a mental health diagnosis (psychobashers) for being bullied so insurance will pick up the counseling bills....Whaaaa Whaaaaa
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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If the SEC gets enough complaints about the company's misleading and numerically devoid statements regarding their share structure that could pressure them to give up the info before they sell us more shares.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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The stock is up today 23%...Make sure to report that too. Afterall we don't want to see this stock increase. Then we might celebrate and make statements that would be deemed Pumping by some of the resident sceptics..(politically correct enough?)...
But of course recommending flooding the SEC with complaints would be considered the decision of an infored investor...Come on...get real...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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I thought todays pr showed they have a plan and are workimg it! The same repeat of what they have been trying to accomplish which I take as a good sign......
Have to see if the plan comes together..trade a few shares and make some money in the mean time!!!!!
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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Murnak... Did you get in today...We're up 30%+ now...Make sure to put in your SEC complaint that your making money. Afterall the company had the gaul to issue a statement clearly laying out their plans. Flogging for the capitalists...How dare they try and manage a profitable company...???
quote:Originally posted by Murnak: I thought todays pr showed they have a plan and are workimg it! The same repeat of what they have been trying to accomplish which I take as a good sign......
Have to see if the plan comes together..trade a few shares and make some money in the mean time!!!!!
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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quote:Originally posted by Bearclaw: The stock is up today 23%...Make sure to report that too.
The ends don't justify the means!!
Not everyone involved in this stock is a swing trader riding the waves of company propaganda for a quick buck. Many have sunk a great deal of money (and faith) into this based on the intentional, strategically planned misrepresentation of fact by the company. That should never be exceptable and anyone who understands this should feel a sense of obligation to prevent further abuse.
Others may see things differently and can sing the company's praises with a clear conscience. I could ignore the facts and try to pump this stock so I could sell it higher, but that's would be dishonest based on what I see. I feel very stongly that this company has done wrong and will continue to sell shares under false pretenses if no one holds them accountable for their actions.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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posted December 30, 2005 02:01 PM --------------------------------------------------------------------------------
quote: -------------------------------------------------------------------------------- Originally posted by Bearclaw: The stock is up today 23%...Make sure to report that too. --------------------------------------------------------------------------------
"The ends don't justify the means!!
Not everyone involved in this stock is a swing trader riding the waves of company propaganda for a quick buck. Many have sunk a great deal of money (and faith) into this based on the intentional, strategically planned misrepresentation of fact by the company. That should never be exceptable and anyone who understands this should feel a sense of obligation to prevent further abuse.
Others may see things differently and can sing the company's praises with a clear conscience. I could ignore the facts and try to pump this stock so I could sell it higher, but that's would be dishonest based on what I see. I feel very stongly that this company has done wrong and will continue to sell shares under false pretenses if no one holds them accountable for their actions."
Stockhunter... Your an informed investor, sceptic, and not a basher so we should accept this take without question. You know for certain that the company sells shares under false pretenses...How do you know that for certain? You don't!!!It's only your opinion...
Plus, you have stated you are waiting for an entry point if significant news occur...specifically audit and share accountability...Yes?...Bashing a company sure would not effect a PPS and drive it lower to pick up cheap shares..."Sceptics" never would do that...It would be dishonorable...and they might be held accountable too...
You have absolutely no proof at all that PLNI is not working on and ready to implement "ALL" that they stated in todays PR...None...But you have taken liberties of calling the CEO a liar and a theif...but that's not bashing...It's being critical...Come on...Some of us would like to enjoy the rise in PPS and hope it continues...no matter what the entry price...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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When good old James Turek was growing up I wonder if his mother ever knew just how much attention he was going to get as an adlut. lol still in and holding
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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Stockhunter, I do enjoy your opinion....but it is just merely that, an Opinion! Based on what you perceive as Pink stock trading patterns and what you wish to Read into Plasticon's PR's. I wish to read in a more positive direction and no matter what Old crap people bring to the table here, I happen to be interested in the future! Bringing up old 1994 one sided view point articles doesn't add to my DD experience. I could post the entire Basher Handbook here if you like and it makes those that post negative information on a Daily basis appear to be PAID BASHERS. I don't post the positive press releases over and over again. How about we all respect each others opinions and back off with the relentless campaign to discredit Jim Turek. I think all here are very capable in making up their own minds based on Their Own Due Diligence. Happy New Year and GLTY
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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quote:Originally posted by Bearclaw: You know for certain that the company sells shares under false pretenses...How do you know that for certain? You don't!!!It's only your opinion...
Plus, you have stated you are waiting for an entry point if significant news occur...specifically audit and share accountability...Yes?...Bashing a company sure would not effect a PPS and drive it lower to pick up cheap shares..."Sceptics" never would do that...It would be dishonorable...and they might be held accountable too...
As to my knowing or opining on the share sales being under false pretenses, this is what I know.
I know the company issued a PR in august stating they were retiring 200 million shares. I know they did not state the share structure in that PR. I know in my 30 years in this business I have never seen a legitimate company issue a press release announcing a change in share structure without stating the updated share structure. I know they then updated the o/s, float and number of shareholders on pinksheets, but DID NOT update the a/s which was 50% higher than the reported number. I know the 1.8 billion listed o/s was exactly 200 million less than the 2.0 billion wrong number listed for the a/s. I know the 200 million difference in o/s and a/s exactly equalled the 200 million number supposedly retired in the august PR. I know the odds against this being just an interesting mathmatical coincidence. I know Matt at BAC told me the a/s was 2.0 billion. I know Matt said they could not increase the a/s w/o informing investors and giving them a chance to vote on the increase. I know I contacted BAC and Plasticon in writing complaining about the misinformation. I know they received the info and would only respond to my questions by phone. I know BAC continued to give out false info after they knew better. I know plasticon is still using BAC after the first 6 month contract even though they are aware they knowingly gave out false share info. I know the a/s, o/s and float increased during this time. I know the company issued numerous PRs stating the acquisitions were not dilutive. Many others have reported conversations with company officials and BAC stating the share structure had not changed(this is the only part I don't "know" for sure).
Do I know or just my opinion. To paraphrase Don Rumsfeld - I know what I know, and I know what I don't know, and I know I'd be a fool to not realize the company has sold shares under false pretenses.
As to your second point. I buy and sell securities based on news and information. I don't remember specifically saying the where, when or why regarding my future trading plans so you don't need to do that for me. While I'm not thrilled you would question my motives as dishonest, it bothers me more that the strategy you suggest puts my intellect in question.
Why would anyone try to drive a stock lower to buy shares cheap if they believe the company has to sell shares and raise a given amount of money in a given time to finance its operations? The lower the stock goes, the more shares they have to sell(and authorize, and issue). The stock would tank and the company would dilute the shares even more. The insiders issue themselves extra shares as well to maintain their stake, but our stakes get destroyed. Its a self defeating strategy.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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"Do I know or just my opinion. To paraphrase Don Rumsfeld - I know what I know, and I know what I don't know, and I know I'd be a fool to not realize the company has sold shares under false pretenses."
OK ...so you don't know. Why don't you just say I don't know?
"As to your second point. I buy and sell securities based on news and information. I don't remember specifically saying the where, when or why regarding my future trading plans so you don't need to do that for me. While I'm not thrilled you would question my motives as dishonest, it bothers me more that the strategy you suggest puts my intellect in question."
I never questioned you intellect. Your obviously a bright guy. I do wonder however, why you spent so much time today being a "Sceptic" when there was an obvious early entry and an exit that you could have made a profit. This stock was moving today on the PR. We're here to make a profit on our investment...so...If I questioned anything it was your motives today.
"Why would anyone try to drive a stock lower to buy shares cheap if they believe the company has to sell shares and raise a given amount of money in a given time to finance its operations? The lower the stock goes, the more shares they have to sell(and authorize, and issue). The stock would tank and the company would dilute the shares even more. The insiders issue themselves extra shares as well to maintain their stake, but our stakes get destroyed. Its a self defeating strategy."
Are you kidding...bashers play stocks that are diluting (your assumption of PLNI) all the time and make a bundle when the stock price recovers. The MM's love this kind of situation...That's one reason why they pay "Skeptics" (bashers) Making broad based assumptions that they are continually diluting to finace their operations is your assumption. You have no proof.
You have cleverly layed out a gloom and doom theory over the past few months that may in fact be totally wrong. Nobody knows till we see the audit. Today's PR clearly layed out the business plan. No one here pumped after the release. You were the first one in this thread discrediting the PR...So what's the deal with that?
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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quote:Originally posted by Chopper: Stockhunter, How about we all respect each others opinions and back off with the relentless campaign to discredit Jim Turek.
Chopper,
We do see things differently, but I do respect your opinion. Where I take exception is your charactorization of a "campaign to discredit Jim Turek". It a campaign for information in an environment seriously devoid of vital information. Investigating JT is perfectly legitimate seeing that he controls the company. His actions, past and future, are a key element in determining what to expect in the future. He has plenty to answer for and not just the misleading share structure and constantly changing dates.
There was a very ineresting post on RB a few days ago. It looks at the 2004 filing for Telco Blue, a Turek company. It shows more of what we saw in this year's Telco Blue filing. That is, Turek controls a number of entities. He loans money from one to another and has forgiven those loans.
When a company sells shares to the public to finance its operations, then lends money to another entity owned by the principal owner of both companies, then forgives the debt, we all need to be concerned. Plasticon just forgave a loan to Telco Blue this september. They did a lot more of that in 2004 with Telco blue, Plasticon and a couple other entities Turek owned. There is nothing to stop him from selling shares in PLNI, loaning the proceeds to another entity he controls, then forgiving that loan. A total shell company paying him a salary can be financed with our money and we see nothing for it. Since we know he has done this in the past its not bashing Turek to suggest we are at risk he may do this again. Its just common sense concern.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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Chopper...Stock Jockey Maybe we need to drop this...all it's doing is giving Stockhunter cause to drag up old DD that we've all heard over and over again...Signing off...
Good day today...looking forward to next week...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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quote:Originally posted by Bearclaw: Are you kidding...bashers play stocks that are diluting (your assumption of PLNI) all the time and make a bundle when the stock price recovers. The MM's love this kind of situation...That's one reason why they pay "Skeptics" (bashers) Making broad based assumptions that they are continually diluting to finace their operations is your assumption. You have no proof.
Well Bear, If you really believe MMs make money paying people on pinksheet BBs to bash a stock so they can buy the bounces, then I'm not going to be able to convince you of anything. I've been in this business a long time and I can assure you these guys aren't trying to make their coin accumulating pinks cheap through nefarious means. Pinks go down, then die. Over and over again. A rare few go up after dilution and the MMs aint smart enough to know which ones. When you're the casino you don't place bets at the roulette wheel.
-------------------- 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 Bearclaw: Are you kidding...bashers play stocks that are diluting (your assumption of PLNI) all the time and make a bundle when the stock price recovers. The MM's love this kind of situation...That's one reason why they pay "Skeptics" (bashers) Making broad based assumptions that they are continually diluting to finace their operations is your assumption. You have no proof.
Well Bear, If you really believe MMs make money paying people on pinksheet BBs to bash a stock so they can buy the bounces, then I'm not going to be able to convince you of anything. I've been in this business a long time and I can assure you these guys aren't trying to make their coin accumulating pinks cheap through nefarious means. Pinks go down, then die. Over and over again. A rare few go up after dilution and the MMs aint smart enough to know which ones. When you're the casino you don't place bets at the roulette wheel.
So your expaination is this roulette wheel analogy...damn boy...you can do better than this...I notice you only chose to answer a fraction of what you were challanged on...Yep I was right You are a bright guy! See ya all...gotta got GLTA
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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Quote: "I feel very stongly that this company has done wrong and will continue to sell shares under false pretenses"
StockHunter.... Please, do we have to resort to slander? Your stepping over the line there buddy. Stuff like that can get you in huge trouble with the SEC. Should all the longs mount a campaign to report all your posts to the SEC?
Here is a good article on folks that slander companies on the blogs.
http://www.forbes .com/home/forbes/2005/1114/128.html Here is one paragraph from the article.
"Blogs started a few years ago as a simple way for people to keep online diaries. Suddenly they are the ultimate vehicle for brand-bashing, personal attacks, political extremism and smear campaigns. It's not easy to fight back: Often a bashing victim can't even figure out who his attacker is. No target is too mighty, or too obscure, for this new and virulent strain of oratory. Microsoft has been hammered by bloggers; so have CBS, CNN and ABC News, two research boutiques that criticized IBM's Notes software, the maker of Kryptonite bike locks, a Virginia congressman outed as a homosexual and dozens of other victims--even a right-wing blogger who dared defend a blog-mob scapegoat."
Rules for Successful Bashing: 1. Be anonymous 2. Use 10% fact. 90% suggestion. The facts will lend credibility to your suggestions. 3. Let others help you learn about the stock. Build rapport and a support base before initiating your Bashing routine. 4. Enter w/ humor and reply to all who reply to you. 5. Use multiple ISP's, handles and aliases. 6. Use two (2) or more aliases to simulate a discussion. 7. Do not start with an all out slam of the stock. Build softly. 8. Identify your foes (Longs) and the boards "guru" Use them to your advantage. Lead them do not follow their lead. 9. Only Bash until the tide/momentum turns. Let doubt carry it the rest of the way. 10. Give the appearance of being open minded. 11. Be bold in your statements. People follow strength. 12. Write headlines in caps with catchy statements. 13. Pour it on as your position gains momentum. Not your personality. 14. Don't worry about being labeled a "Basher". Newbies won't know your history. 15. When identified put up a brief fight, then back off. Return in an hour unless your foe is a weak in reasoning powers. 16. Your goal is to limit the momentum of the run. Not to tank the company or create a plunge in the stock; be subtle and consistent. 17. Kill the dreams of profits, not the company or the stock. 18. Use questions to create critical thinking. Statements to reinforce facts. 19. DO NOT LIE, NAME CALL or USE PROFANITY. 20. Encourage people to call the company. 99% won't. They'll take your word for claims made. If they do call you can always find something that is inaccurate in how they report their findings. 21. Discourage people from believing Press Releases. Encourage them to call the company. They won't out of laziness. 22. If the companies history/PR's are negative constantly point to that. Compile a list of this data prior to beginning your efforts. 23. If the price rises blame it on the hype or the PR, temporary mass reaction, the market, etc. Anything but the stock itself. 24. If other posters share your concerns, play on that and share theirs too. 25. Always cite low volume, even when it's not. 26. Three or four aliases can dominate a board and wear down the longs. 27. Bait the Longs into personal debates putting their focus/efforts on you and not the stock or facts. Divert their attention from facts. 28. Promote other stocks that would-be investors can turn to instead of the one your Bashing. 30. Do not fall for challenges on the "values" of what you are doing, it's a game and you are playing it with your own rules. -------------------------------------------------------------- Grade 'A' Basher: If you post lots of old news, respond to all positive posts with a negative side. Never respond to being called a Basher, never post on another board with same alias. Can spend up to 80 hours a week Bashing a stock.
Grade 'B' Basher: Very good way with words, always claims to be your "friend" taking the positive poster into confidence, never posts on another board, spends about 60 hours a week.
Grade 'C' Basher: Spends less time than the others but is somewhat effective and gets a C grade due to getting excited when Bashers rules say not to get excited, spends about 40 hours a week.
Grade 'D' Basher: Needs to learn the basics about being convincing when making a negative statement. Spends a good amount of time working the stock, maybe 20 hours a week.
Grade 'F' Basher: A complete idiot, most readers are not convinced he knows anything about stocks in general. The type that says a stock "sucks", but gives no rationale, shows up every so often but no regular schedule
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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posted
Dang...Great post Chopper hahahahah Glad I stopped back...OK lets see now...
Lets assign you some numbers, wonder who this might fit?
Starting with.....numbers...
1, 2, 3, (don't know about 6 )that's why they call it an alias), 7, 8, 10, 11, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23(today for sure plus call the SEC), 24, 26, 27, 30
Based on the Basher Grading System I'm assigning our resident Skeptics a "B+" Congratulations and HAPPY NEW YEAR!!!!
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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quote:Originally posted by Chopper: Quote: "I feel very stongly that this company has done wrong and will continue to sell shares under false pretenses"
StockHunter.... Please, do we have to resort to slander? Your stepping over the line there buddy. Stuff like that can get you in huge trouble with the SEC. Should all the longs mount a campaign to report all your posts to the SEC?
Please do!! If they read all my posts they'd learn a lot more about the questionable activities of a pink stock than the heartfelt, straighforward, logically and factually backed opinions of a single investor.
FWIW, speaking generically, getting the SEC to go after any pink no matter how agregious the transgression is a longshot. Investors get burned all the time by pinksheet scammers because they know how little risk there is of retribution. Its up to investors to hire a lawyer and sue the company. Pink sheet investors are usually small and don't have the huge losses or resources to make hiring a lawyer sensible.
Conversely, if a company does not like opinion expressed on a blog, they would have to hire a lawyer rather than expect the SEC to do anything. If Plasticon brought me to court they would not only lose the case, but if it proceeded to trial it would make public a lot of uglyness they certainly would not welcome.
This thing gets more like a cult everyday.
Plasticology.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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