posted
I've been hoping everything would fall out in the month of January...I was thinking it would start this week...maybe this presentation will push PLNI to start releasing...especially the audit...Time will tell...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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quote:Originally posted by Bearclaw: Hey Jat... Take some time and read this thread...I think you'll find the folks that visit here and post and review others posts know exactly the fears you mentioned...careful, thoughtfu and diligent group here...Your new..other than the float why else the warning? What's up? This was your third post on allstocks...clue me in?
quote:Originally posted by jat35: Be careful with this stock
As of 12/7/2005
690M Floated 2.3B O/S 5B Authorized
Hey Bear... I'm new to this forum but not to trading. I simply presented the facts about the share structure. Further more, with 2.3B O/S, it will take a lot of momentum to move the PPS.
-------------------- JT Posts: 183 | From: Bham AL (ROLL TIDE) | Registered: Dec 2005
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posted
OT: Subject..ProMold Visit My visit to ProMold was interesting, informative and money well spent. I will say this once and only once and will not respond to questions by board members that would or could be construed or implied as sensitive information. I was not given any insider information nor would I ask. This will be the only post on my visit. (TIA) I went merely to see a company in operation producing some of the product that was PR’d by the parent company. What I found was nothing less than amazing.
I had called Jim Turek’s office in advance and asked if I could visit ProMold at John Murphy’s convenience and would Jim be Ok with it. I realize they have gotten a lot of grief as of late on the blogs and some really tasteless phone calls by crass investors. Surprising any company with an impromptu visit is just inappropriate and could be mistaken as an aggressive gesture by a disgruntled investor. Plasticon’s response was it would be ok with Mr. Murphy’s approval. I called John and asked the same question and he agreed to meet with me and set the appointment for Saturday the 7th. I arrived at ProMold to a warm welcome from the CEO.
We chatted in his office for a while and he then took me on a tour of the plant. John Murphy is a very shrewd and hands on kind of fellow with 40 years in the plastics injection and extrusion mold industry. He has owned ProMold for 20 years and has grown the company from its meager beginning to producing everyday use and specialty products for some very prestigious fortune 500 companies. A Coffee Maker company and a certain Battery company are just two of their clients.
When we walked into the plant the very first machine that I saw was Plasticon’s Brand New Toyo machine. Very nice piece of equipment… I did notice a new piece of equipment attached to the Toyo which is a high tech dryer used for curing the finished plastic rebar supports allowing the machine to recover and cycle faster producing more product in a much shorter time. There was product that had just come out of the machine sitting on the receiving table and I found myself holding the (what is thought to be by some investors the elusive 4 legged Plasticon Rebar Supports.) LOL
The plant runs the machines 24/6 and has ten high tech pieces of equipment in the main production facility. There is plenty of room for expansion for additional Plasticon Toyo’s. At every single machine they have a quality control book to log every run of every machine every day and the QC supervisors actually run all the machines on each of the three shifts to detect any problems or nuances with the production runs and machines.
After all products are run, they go to a Quality Control room where key vital products are tested. In many of the parts produced (Each and Every Piece is tested, 100% inspection)! ProMold has developed a new testing machine specifically used to test rebar supports to meet and far exceed the specifications of the concrete industry for plastic rebar supports. SWEET! Quality control is a huge deal with ProMold and shows in their product production and Clientele.
The next room was the mold warehousing and refurbishment center. Engineers are used to keep this high dollar asset room pumping out molds to the machines for the various runs in the plant.
The next room was the tool cage to support the mechanics and engineers with the parts and tools needed to take on the never ending maintenance task of keeping all the machines running 24/6.
The next room was the equipment support center to supply the machines with water, power, air and HVAC to each individual machine as well as the same for the plant.
The next room was the raw material room containing a HUGE supply of product for the various parts produced. 55 gallon drums were the bulk of the product stacked 15 feet high and many layers deep. WOW
The last room in the plant was shipping and receiving with 4x4 pallets of product to be shipped that next week stacked 3 high and the length of the entire area 3, 4 and 5 deep. The trailers that were at the docks were already loaded and ready for pickup and shipment that next week. ProMold also has rail access for railroad shipment. BTW there was a boat load of Plasticon product going out that next week folks.
In summery the ProMold 35k sq ft operation can best be described as a Ferrari Power Train under a plain wrapper. This company is the real deal and so is the President John Murphy. I hope this eases some of the nervous investors and squelches some the nay sayers. Do your own due and Good Luck to All!
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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posted
Thank you Chopper. Great, great report. An A+++! Good of you to take the time, not only to visit, but to share with the rest of us.
Posts: 234 | Registered: Jan 2006
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posted
Thanks for the report, Chopper. I did not doubt that Promold was a real company, but the detail you provided is very useful.
Unfortunately for Plasticon, whatever derision is felt by many of its stockholders has been earned. I look forward to seeing the Turek break new ground by keeping his latest set of promises.
Again, thanks for the report.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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-------------------- 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
I am not pumping, but I gotta believe this company is going to be huge. The world is literally waiting. Construction projects around the country are being put on hold because of the high cost. What's more, what's happening out there (around the world) is making us in the US of A seem small. Once this company catches on.. who knows the potential. And that is why I am in it for the long haul. It's certainly not a shell. It real. You can - thank you again Chopper - see it, feel it and dream about it.
Posts: 234 | Registered: Jan 2006
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posted
Thanks Chopper. Your time and effort are greatly appreciated. What you found is what has been presented before, but without eye ball verification. I hope this quiets the nerves of some and nay sayers. I've been in this since last July and will hold for the long hall. I believe in plasticon and only wish I had more funds to back up my beliefs. If I could sell my CWFG for .0002, I would.
Posts: 35 | From: Mauldin , S.C. | Registered: Aug 2005
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posted
Thanks Chopper, now that's a field trip! Hands on DD.
The products, industry niche, and growth potential are what got me excited to get in this one in the first place.
I just wish there was a field trip that would show me how much of that ProMold plant is still mine, and how much will be left when all the financing is done.
-------------------- 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 Chopper: Wow , What a great weekend I had... My Panthers and Steelers Won and the vist to ProMold was outstanding.
STEELERS: Way to go Steelers, way to go !!!!!!
Keep an eye on #34 Haynes
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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posted
Dept. of FWIW, at rb a post from SI (hope that's convoluted enough):
quote:Just spoke with Rodney from Big Apple. Didn't get answers to a lot but he said 1 or 2 PRs should be coming next week. I questioned the Pro Mold acquisition again and the "SEC Approval". I noted that nothing could be found with the SEC regarding any filings. He said he had already contacted PLNI about this and was awaiting clarification.
He said the O/S Shares were still at 2.3 Billion. No increase that he is aware of. I tried to stress how vague these PRs have been. They say a lot, but in a lot of ways, say nothing. Suggested that they just come out and clarify issues directly. As in they "HAVE" or "HAVEN'T" done something. Enough dancing around the issues.
Rodney said that he was privy to certain info but couldn't say anything about it since not public yet. BUT, we would be very happy with things come next week.
Ok, that's all I could get out of him. Sorry for not having better news to relay, but thought I'd tell all what he said to me.
Also this excerpt from neztime at rb:
quote:Morning all, and a fine one it is. I spoke with Rodney, of "go Rodney" fame today. I'm glad I did because I finally did some nice productive trading as a result. There is going to be a breakfast in NY around the 27th that will be with investors. On the 19th, there is going to be a convention in LV that will also be attended by PLNI. I feel that the reason for attending these is to broaden the scope of awareness and plain old good business. Information might come out from either of these events. From what I understand, either today or Friday, there is going to be an announcement forthcoming from PLNI. More information, what kind I don't know but I think it could be safely said that the company is very cognizant of the need for information. It will cover a couple of possible issues. No specifics that could be discussed.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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quote:Originally posted by state780: Dept. of FWIW, at rb a post from SI (hope that's convoluted enough):
quote:Just spoke with Rodney from Big Apple. Didn't get answers to a lot but he said 1 or 2 PRs should be coming next week.
PRs will come when they can no longer get off enough shares, IMO. Today, VFIN had to step in on the bid to help support it. Too many swing traders not getting their bounce and looking to sell and not enough new buyers. Buying dries up = PRs to come.
Rodney is totally unreliable as a source. He claims to be in constant contact with JT and BH, yet he is still awaiting replies to questions that have been asked for weeks? He is a shill for the company and will only repeat what is on pinksheets and in PRs, or give vague references to good things to come. IMO, anything he says should be viewed as part of an attempt to help the company sell new shares. There is money to be made piggy backing this info, but history shows its costly to view BACs comments as anything other than that.
It may be a buying opportunity to guess right on the next PR for a swing trade, but they have dumped so many new shares in the past weeks it will be hard to get much more than a very short term pop. Every pop will likely be met with more and more shares - VFIN plus all those who bought from VFIN recently. Looks like VFIN sold between 400 to 700 million shares since the last PR. That's a hell of a lot of competition looking to hit the bids when the next pump trade starts to roll over.
These microcap conferences and PRs bring in only so many new investors. Like any pyramid, it gets harder and harder for the early entries to get their money back. Swing trading ever lower waves seems to be the only real game left for the forseeable future(unless/until we get the audit).
FWIW, JTs monthly income statement to his bankruptcy trustee is due any day now. In November he took in $55,000. It will be interesting to see if this number is stable or bounces around from month to month. How much of that am I paying for every time I buy shares from VFIN? When will he finally pay off that dang bankruptcy? We're not going to see an audit, OTCBB, etc... until all that ugly mess is paid for, IMO. At the rate they're selling shares I would hope we're near the end.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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posted
Well the gloom and doom boys are back...Can't have a day go by without the Prozak Puppies...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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As I've said before, I hope Plasticon breaks new ground by doing something they said they would.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
Sound analysis... Damn that's funny...only the Prozak Puppies would come to the gloom and doom conclusion... Maybe if you learned how to trade in pennies and quit pointing the finger everywhere you could get off the meds...
The Prozak Puppy motto...."It's people, places and things that are wrong with us...Not Us...If only people, places and things would do what we want then things would be OK!!!" Take some control of your portfolio boys and quit the beeching...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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