It's just silly to suggest anyone has slandered Turek for selling under false pretenses when that's exactly what he has done. Dredging up this basher's bible baloney is the sign of a lost argument IMHO.
I won't belabor everything that was said here today, but just one example: Plasticon amazingly has still not explained the secret 5 billion a/s filing, the higher float and the higher o/s--and they have the gall to put out a PR speaking of a 200 million share buyback without mentioning any of that. If that's not deceptive, words have no meaning.
And Big Apple has lied, that's just a fact. Matt Maguire, for one example, lied to me after the 5 billion filing, saying it had always been at that level for as long as they'd been representing PLNI. It doesn't get more false than that.
Rodney has been playing it straight, as far as I can tell, certainly with me. One area where I disagree with Stock is the status of Big Apple. Stock's disappointment that their contract has been renewed is understandable given their record, and how that reflects on PLNI. My fear, however, was that if the contract wasn't renewed, it would have signaled a near-term collapse of everything, with Plasticon just giving up the ghost. Whether Plasticon has yet more plans to game the system or, heaven help us, a serious non-B.S. strategy to turn things around, the contract renewal gives me a little hope for the future.
So we had a nice 12.8% increase today--better than a 12% decrease, which is the usual lately. As always I'll be very happy to see a turnaround, but we are still in a position where Plasticon has achieved n-o-t-h-i-n-g they said they would since May of 2005. That's the track record, that's why we're so low; bashers--as if!--have nothing to do with it.
FWIW I'd attribute to today's modest spike to three main reasons 1. The triumph of hope over reason 2. New buyers who haven't had the chance to separate DD from the mountains of garbage (from all sides) on the boards, and focused on the 200 million & etc. share reduction talk, unaware of the explosion in a/s and growth in float and o/s not included in the PR; 3. Hope, I offer no opinion how rational, by longs focusing on Turek's statement about share reductions to come.
Everyone have a safe New Year's, and may we all live to fight another day. Remember New Year's Eve is amateur night for drinkers, so take extra precautions on the road.
Here's to a greener 2006.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
| IP: Logged |
Why keep any hope at all...Trash that little hope that's left and give completely in...If you buy all this gloom then why fight it...Accept your loss and get out. Posts like yours don't attract any new investment...Thanks to the folks who neutralize this kind of doomed outlook visitors here will see your depressed views clearly and make a choice...The dark side or the Jedi...
You folks have drawn a picture out of opinion that you have convinced yourself is now fact slowly over time...a scenerio that will never get you your investment back...The astroid is about to hit...So sell..
My picture is different and I see this as a life changing company for me and my family...Of course using the same facts as you used for your opinion...based on only opinions...No one knows but you claim to know based on conflicting data received by multiple doomers...partially from a company paid to promote PLNI...
Have you ever put your hand or eyes on anything else but your keyboard where PLNI is concerned...All the time you use beeching you could have taken a trip to see and talk to principles...ProMold would be a great visit IMO...Folks have made those visits...You may want to connect with a few... IMHO
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
| IP: Logged |
Thanks for your well though out posts. Wanted to PM you at times but noticed its not enabled. As to Rodney playing it straight, I think he knows who he's talking to and that he can't pull the wool over your eyes. When I talked to him I let him give me the BS, then I let him know in no uncertain terms how inappropriate it would be to tell any more lies to anyone. Not saying I straightened him out, just that he knows we're not all blank slates with which to work.
BTW, he gave me his email address and was supposed to send me some contact info, but I did a summary of our conversation in the email I sent him and he did not reply. They are very crafty from the legal side. If they respond to the email, it confirms they are aware of the information in the contents. Never leave a paper trail, never list the share structure in a PR, always use forward looking statements to hide behind Safe Harbor. Their lawyers do earn their keep.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
| IP: Logged |
posted
Thanks Stock. Never really noticed this board had PM capability. I've enabled it for now, give it a test sometime if you want to ping me.
Best wishes, Bear. I don't know how you assign the word "opinion" to a track record that includes multiple failures to release the audit on the schedule provided by the company, the failure to acquire Promold by the date announced, the failure to acquire Semco by the date announced, the failure to explain the secret 5 billion a/s etc., not to mention growing the share count after an announcement they were reducing it...
The problem is, these are the chief verifiable facts. If they want to improve their performance, I assume they still have that option and hope they are working for it. But I'm not going to make excuses for them either.
If you've been reading my posts since May, you'd know that in earlier months I rejected claims that PLNI was some kind of scam, because it was a real company making real things. I still believe that's true, and that's one reason I'm still here. But Plasticon is not my religion and it is not my best friend whose feelings I'm afraid of hurting. They are a company; I judge them by the record, which for the moment stinks.
The upside for PLNI currently rests mainly on hope, which may or may not be well-founded, that they will start achieving some of the things they have promised for so long. I'd love to see that happen.
To answer your question, I haven't visited Promold, Semco or Plasticon. I am confident they all exist, and I already know PLNI doesn't yet own Promold or Semco, which is my main interest in them.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
| IP: Logged |
posted
You guys are making me cry.....I am also waiting for facts from the company before I get back in this one. I made a little on it and would like to try it again if they would just get some of the facts out..... good luck guys....
-------------------- If all goes well then great, if not, make it work. Posts: 2562 | From: Louisville, KY | Registered: Feb 2005
| IP: Logged |
posted
State and Stock... Not getting the information out does not equal lying...it does not equal the shots folks take at Turek. I see those remarks as impatient, frustated and looking for scape goats to vent. The PR Friday explained what they intend to do. They also mention SEC involvement...I don't know what this means either. I don't know why this took so long. IMO ProMold is a done deal based on my own DD, done, finished, in the can. IMO Semco is still in process/delayed but I don't know that and I don't know what the delay is. I'm waiting to find out. IMO the Audit is done and the hang up may be associated with SEMCO...but I don't know that for sure and I'm waiting for all this just like you...Welcome to investing in Pennies...welcome to delays in business operations in a growing company...
I'm not happy at all with the information not coming out earlier. Who in their right mind who owns shares is. Hell, I'd like to have already cashed in...feet up drinking a cold one celebrating...I want to cash in today...not going to happen buddy...
Yes, I remember all your posts in a general nature. You and stock have numerous well thought out information that you provide. No doubt about that fact. The fact that you have well thought out posts, however, does not make them and the information fact...I think the conclusion that Turek is a liar and a crook is dead wrong, unfair and defeatest in nature. I too have never had faith in the information from Apple so I incorporate that into my decisions. I do think their involvement will be an advantage if and when all the information falls out.
I understand why some folks have lost faith. From the conversations I have had, the DD that I have acquired and the products PLNI will market and sell when this is over gives me more than hope. I'm excited as I can be for the future of this investment. I'm a Swing Trader not a Daytrader with PLNI so I hope it moves to my trading advantage soon. This stock has been a wonderful swing trade opportunity in the past and a great way to add to my share position. Even as the PPS dropped from .019 to the present level.
We don't necessarily see the information different...We just conclude different things. That's a good thing. Fair and balanced. It just seems this thread has been too one sided as of late and many posters who believe in PLNI and Turek are posting elswhere and communicate with Private Emails and phone calls...Not exactly sure why that is but I do know where to go and get that input as well as coming here to get the other outlook...I do appreciate your efforts but for the life of me can't understand some of the decisions, especially during times where we all have opportunity to add to our current positions.
Friday was a good opportunity to make some money or increase a position in PLNI and the continued frustration baffled me to no end...The other threads were having a party and the paid bashers came out in battalions...That I get...Just don't get this guys.
Have a wonderful holiday and I hope 2006 Rocks!
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
| IP: Logged |
quote: They also mention SEC involvement...I don't know what this means either. I don't know why this took so long. IMO ProMold is a done deal based on my own DD, done, finished, in the can.
According to Rodney, and as I posted two weeks ago, the "SEC involvement" (Promold acquistion not yet completed because it requires SEC approval) means paperwork had to be filed because Promold was once traded publicly (OTCBB, if it recall correctly). Rodney (naturally) characterized this as more of a notification.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
| IP: Logged |
posted
State... I mostly disregard Apple...Have for a while...It's nice to hear positive things out of their office but they are basically a PR machine...Rodney seems to be a better communicator but he still reports to others...Maybe after it all falls out I'll give more weight to them.
The operation at ProMold is up and running...Extruders are operating and the raw materials are in abundance...Orders are solid and the shifts are running hard...Folks on site believe it's a done deal so I'll go with them...If your right and it's just a matter of paperwork to the SEC then all production revenue should start the day the papers were signed...That's cool with me...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
| IP: Logged |
posted
Actually, to clarify even more--because sometimes people run with these things more than they merit--it was one of those I'm-not-promising-you-anything conversations. He said papers had to be filed because Promold had been traded publicly in the past. I didn't get into a long conversation about how routine this was or was not. Actually the main thing I was trying to clarify was whether an "SEC quiet period" related to filing for OTCBB status or anything else was the reason for no PRs, and the answer was an emphatic "no."
Posts: 610 | From: DC Metro area | Registered: Jun 2005
| IP: Logged |
Plasticon Builds Foundation in 2005, Now Positioned for Dramatic Growth in 2006
Plasticon has just released what appears to be a very significant and positive update. The Company outlines six factors that appear to position itself for major growth in 2006. Specifically, we are most encouraged by the statements that “we are completing our audit in order to up-list to the OTC: Bulletin Board” …and … “There will be announcements regarding the share buyback program and the audit coming in January of 2006.”
In a conversation last night, The Green Baron Report was assured once again that Plasticon has absolutely no intention to reverse split the stock. All the reasons that we originally supported Plasticon appear to be in tact, and we are very confident that the Company will deliver on many promises and statements made in this press release. We may not need to wait for January to see this one move.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
| IP: Logged |
posted
I see there are over 76 pages on this thread.I went to their website and everything sounds legit. So, what is the bottom line on this company. All opinions and comments would be greatly appreciated.
Thanks in advance, Sharkone
-------------------- No matter how thin you slice it it's still baloney... Posts: 402 | From: Miami, Florida | Registered: Jan 2005
| IP: Logged |
posted
Green Baron? Paid pumping machine. Remember their involement with CMKX?.
When I see them on a stock? I run!
Correct me if I'm wrong, but are their not some convicted criminals at Green Baron..Or is that just scuttlebutt from the street.
Posts: 10729 | From: oregon | Registered: Feb 2005
| IP: Logged |
posted
Bottom line is Plasticon needs to follow through on all their PR's in the months of January and February and also become transparent with full Audit disclosure. .0036-.0045 appears to be the bottom range. This could be a very fun stock in 2006.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
| IP: Logged |
quote:Originally posted by Dustoff101: Green Baron? Paid pumping machine. Remember their involement with CMKX?.
When I see them on a stock? I run!
Correct me if I'm wrong, but are their not some convicted criminals at Green Baron..Or is that just scuttlebutt from the street.
------------------------------------------------ Bump! strange, a few of us posted at the same time.
Posts: 10729 | From: oregon | Registered: Feb 2005
| IP: Logged |
posted
Sharkone this company refuses to make the public aware of it's financial or share structure. They have been promising since july to deliver an audit. No one here knows how much if any money this company makes nor do they know how that money is either made or lost. Also no one here knows how many shares of company stock are out there on the market... Again the company refuses to address these issues. Chopper thinks .0035 is the bottom? LOL
-------------------- Spend Word For Word With Me And I Shall Make Your Wit Bankrupt. Posts: 1326 | From: Here | Registered: Oct 2005
| IP: Logged |
posted
Shark, Go back and read the Motley fool article on PLNI. There were a lot of good questions that need answered. But as far as being transparent.... I would like the True share structure disclosed, the two acquisition details, cash flow, any deluting that has occured, contract info.... You know the usual stuff. No matter how much folks giggle and and bash the stock based on innuendo none of us really know the actual inner workings of this company yet. With disclosure.... which Must come soon, we shall see if we have a diamond or a lump of coal. GLTY
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
| IP: Logged |
posted
Shark I owned it at one time.. I have since sold.. I might buy back in when they report something trustworthy and positive.
Were it not for the transparency issue the company has a revolutionary product and looks to be full of great ideas... Why the lack of transparency? Who knows.. they could just be lazy or figure it really isn't important... hard to say... Could be that they are dilluting the stock.. No one knows untill they start reporting.
-------------------- Spend Word For Word With Me And I Shall Make Your Wit Bankrupt. Posts: 1326 | From: Here | Registered: Oct 2005
| IP: Logged |
posted
Shark, IMO they are busy getting the details of the acquisitions, contracts, production scheduling, audit, uplisting ect. in order and hopefully all the details will be disclosed very soon. Plasticon has really stuck their neck out to many times Not to get these issues completed and disclosed. The preasure is on!
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
| IP: Logged |
quote:Originally posted by sharkone: Again, my ignorance shines through...what do you mean by dilluting the stock? Thanks in advance.
Shark
Dillution means the company is issuing more stock into the market... This dillutes the value of the stock. Simple supply and demmand is what drives a stock's price and if the supply is being increased the price will go down. No one can absolutely verify this is what is happening with PLNI right now... But no one can deny it either. Alot of times small companies issue more shares to pay for their operating costs.. they don't have money but the do have shares.. This happens all the time in small companies... and is understandable... It is that the company does not report any of this that is of concern.
-------------------- Spend Word For Word With Me And I Shall Make Your Wit Bankrupt. Posts: 1326 | From: Here | Registered: Oct 2005
| IP: Logged |
posted
Shark, Depending on the company's cash burn rate and the amount of revenue coming into the company they may need to sell authorised shares into the market to pay for things like acquisitions, new machinery or just general adminstrative expences like the contract with Big apple that was renewed last month. All these issues are legit for an upstart company but that doesn't ease the current stockholders fears when there are no 10q's currently being filled. Like I said the Preasure is on!
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
| IP: Logged |
posted
Chopper is right... For a small company with no money it is understandable... What is not tolerable is not telling shareholders about this. Only time will tell.
-------------------- Spend Word For Word With Me And I Shall Make Your Wit Bankrupt. Posts: 1326 | From: Here | Registered: Oct 2005
| IP: Logged |
posted
Sharkone, you will better served to play these Pinks for a few hours, not days weeks or months.
Posts: 10729 | From: oregon | Registered: Feb 2005
| IP: Logged |
posted
Shark, The key is timing if your a swing or long trader in any penny stock. There is a lot of merrit to the saying "buy on rumor sell on news". The stock on Friday peaked to .051 on the PR that outlined a 6 point plan to becoming Transparent and then fell to the closing price of .044. This happens with all stocks. The issue with Plasticon will be the follow through on this Pr.
This trading pattern we have been in is synonymous with the pink market. No new PR or industry related news, the flippers, swingers or day traders have long left, the weak get tired, sell and leave as their threshold of pain is reached. The short interest mm’s play the game with just the right mix of Vapor shares to drive the stock price down looking for new weak hands to accumulate more shares on the way down.
quote:Originally posted by sharkone: Why then, was there a little 12.82% bump last Friday....does anyone know something that hasn't been disclosed yet?
Riesco and Chopper...thank you for all your comments and insights. A newbie like me really appreciates all the insights!
Shark
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
| IP: Logged |
posted
Hey Chopper... It's Monday and you couldn't resist doing some more DD on this puppy....hahahahaha...I'm outa here till late tonight...stuff to do...I hope hahahaha
quote:Originally posted by Chopper: Welcome back Success and Happy New Year to you also.
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
| IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
