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How's it going comrades. It's been quite some time since I posted. I'm more of a shadow lurker than a consistent poster. I find the more I post on a particular thread, the more money I lose (superstitious I know, but it works for me). I have held a position in the company since May of 04, and have flipped quite a few times on the way. I don't have much in the way of DD to offer, but do have that "right" feeling at the moment that only both good and bad experiences can teach you about SOME stocks.
BTW, thanks Bearclaw, Chopper, and Buytex for the steady DD and motivation. Our time is coming.
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Thank you Buckeye. Nice to see some old friends back here on the thread again. It's been a long time coming, but I believe we are almost there. GLTA
-------------------- It will run when you least expect it. :)
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Not going anywhere, Bear, except to the extent that some of us can multitask and participate in discussions on more than one board simultaneously.
The same as a woman wanting him out of a relationship for criticizing her all the time...When he finally leaves she says...boy isn't it nicer around here... then he starts calling the woman every day telling her why the realtionship didn't work out...even though he lost....it was her fault...He couldn't figure out it wasn't the woman it was him not understanding how to handle her...so...
Then the woman becomes successful and happy while he continues to criticize her....just wanting her to know that he was "right"...
Kind of the same as sticking around here with no position...he sold out and said he's done and took a loss....couldn't trust the management for not being forthcoming...now...as PLNI starts to become successful...well I guess we'll see if the PLNI and Turek criticism continues...always the same old complaints...
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Knoxville has to be one of the most beautiful cities in the world! Been there many times. That said, I learn and learn from the best of you guys. I almost feel like I should pay some kind of tuition. Thank you all.. sincerely.
I might also add, I've made many mistakes with PLNI.. but, despite them all.. being new to this fun world of penny stocks.. darned.. if I haven't made money, time and time again, despite myself. You folks are great.
I moved here in 1982 from New England...East Tennessee is a nice place to live...great for raising kids...Where are you from? This is what I've been tossing around the last several days and would be interested in your thoughts as well as others...
If PLNI breaks .01 in the next few days the next reasonable resistance level is .0104 and then .011...If some of the news comes out as expected the resistance levels are around .0121 and .0137...Folks have already seen the resistance at .02...but then there's the PPS if Turek PR's all the issues folks are tossing around...
If Turek comes through with the unaudited financials, upgrade to BB, share buyback and the audit in the near future then all bets are off IMO...Semco and Promold are done with contracts in hand so the SEC approval is significant also...then announcements of those contracts... then projected earnings after the merger/buyout. There is probably more in the hopper....
That's a lot to swallow...but...I keep asking what if all that does occur in the near future announced in a planned timetable by PLNI... damn...
I happen to think Tureks goal is to move to the American Exchange in the next 18 months...some folks, however, are speculating that move is part of this delay involving the SEC...skipping the BB and going straight to AMEX...I don't buy that ...My point in saying all this is it is my intention not to be too far away from my L2's for a while...
I looked at the trading last May and tried to determine how this may run...It helped a little but I think this will be a day to day, hour to hour and minute to minute thing if it runs on the kind of news Turek is talking about...and it's released in a timely manner over an extended period...anyway...I'm caught up in the middle of hashing these issues over and haven't settled with them yet...I think it's wise to have a plan so trying to put one together...The plan just may end up being fly by the seat of my pants...Have done that before...anyway time to get back to ....work...work...work...
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Off Topic - Science can be Fun..: "..Crock-O-Cluckasaur..", an ancient relative of the PLNI BashHoles has been discovered in NY.....
Fossil hunters make rare find in basement - Thursday, January 26, 2006; Posted: 3:02 p.m. EST (20:02 GMT)
WASHINGTON (Reuters) -- A toothless, two-legged crocodile ancestor that walked upright and had a beak instead of teeth was discovered in the basement of New York's American Museum of Natural History, according to a report published on Wednesday.
The 210 million-year-old fossil had sat in storage at the museum for nearly 60 years and was found only by accident, the paleontologists said.
The animal is interesting because it closely resembles a completely unrelated dinosaur called an ostrich dinosaur that lived 80 million years later, they report in the Proceedings of the Royal Society B, a British science journal.
"A lot of people, from seeing (the film) Jurassic Park know what an ostrich dinosaur looked like," said museum curator Mark Norell. "This is a case of convergence with the ostrich dinosaur. It evolved more than once."
The six-foot-long (2 meter) fossil is an archosaur, an extinct type of animal that includes the ancestors of dinosaurs, crocodilians and birds. It lived in what is now New Mexico, in the southwestern United States.
It was discovered in blocks of rock from the Ghost Ranch Quarry that were excavated in 1947 and 1948.
Scientists thought that all the specimens were Coelophysis, a small, carnivorous dinosaur that lived at the same time.
"It was collected in this quarry that literally had hundreds of skeletons in it," Norell said in a telephone interview.
Norell and graduate student Sterling Nesbitt were looking for Coelophysis fossils when they opened a plaster cast containing the archosaur, which they have named Effigia okeeffeae. The name recalls both the ranch and painter Georgia O'Keefe, who had an interest in the quarry.
Effigia is closely related to an ancient group of reptiles called crocodilians, which includes today's crocodiles and alligators. It was not a dinosaur.
Like other crocodilians of the time, it had a large eye, the researchers said.
Its skull and skeleton were very similar to those of ostrich dinosaurs, with a beak, a long tail, and two-legged stance. Its ankle, however, shows its relationship to crocodilians.
"There are still a lot of big questions about what they would have eaten," Norell said.
But he and Nesbitt noted that Effigia also resembles early theropod dinosaurs -- the two-legged carnivores.
So they reexamined some isolated Triassic reptile specimens and found that Effigia-like animals were common in the samples from western North America.
It could be, they said, that animals like Effigia dominated what are now the Americas, and that dinosaur evolution only took off after Effigia went extinct, leaving a niche.
Searching the storage rooms of museums often turns up treasures such as these, Norell said.
"Something that people often don't realize is that after you collect, it sometimes takes thousands of hours to remove the stuff from the cast for analysis," he said.
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Good morning Bearclaw. Enjoyed your post, and thank you. Originally I'm from Philly, but lived quite sometime in Huntsville, AL. Currently I'm living in the Carolinas.
I am neither sophisticated, nor knowledgable enough to do the indepth DD that others are sharing here. There are a core of people whom I have come to trust and I take what they say very seriously. They would include folks on both sides. I do my own DD, but given my limited experience, it is rather shallow compared to what others are doing.
I know many are frustrated with the PR's that are pumping PR's, but say what you will, you gotta admit Turek and company are really good at keeping this thing high on everyone's watch list. That, to me, is not necessarily a bad thing. At this point I've taken the attitude that when things happens it'll happen.. such as the release of the audit.
A lot of people have made a lot of money off PLNI and that isn't bad either. I, for one, have been in and out a couple of times making money each time. Obviously, what I should have done last week was sell when it made that big run and buy back in when it took a dive. I could kick myself. I mean, what the heck was I thinking? It is very difficult not to take profits when it's handed to you like that.
Having said that, however, I am taking a new position on this. As soon as I get the funds I will wait for it to drop a bit more, buy and increase my position and then forget about it.
I am going to do this because I firmly believe.. and please don't take this with even one grain of salt.. that by year's end.. conservatively speaking, and providing they don't screw with this too much.. it will be at a nickle, if not more.
Could be wrong, but I think once the audit is finally released, and it's a favorable audit, this thing will really soar. I'm just hoping I have a stronger position when that does happen. But even if I do and it does skyrocket, I promised myself just to leave it alone this time and see what happens down the road. But it's going to be tempting.
Got a feeling, though, that if I don't beat the audit I won't be able to afford an increase in my position. Still, humble as my shares may be - 143,000, down from 250,000 - I'll still make a hefty profit.
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According to pinksheets.com this is the latest reported for and by PLNI. Last updated 12/7/05. What has happened to the share structure since then is unknown, because PLNI is a pink, and not required to file any changes effecting share structure.
Authorized Shares: 5,000,000,000 as of 2005-11-21
Outstanding Shares: 2,300,000,000 as of 2005-12-07
The figure that is almost certainly correct is the 5 billion a/s. That's based on PLNI's (still unexplained) October-something-2005 filing with the Secretary of State of Wyoming, where Plasticon is now incorporated. IIRC, that's where Pinksheets.com got that figure.
The other two figures are those last reported by PLNI to pinksheets, I believe in December. There is no way that I'm aware of to independently verify them--no filing, etc. PLNI skeptics such as myself believe the o/s and float are likely to be higher.
Potential new investors should be extremely careful. If Plasticon delivers in the best-of-all-worlds scenario (file audited financials, acquire Semco & Promold, launch credible share reduction program) then I agree with those who believe the pps will skyrocket. As with any pinks, those are big ifs.
New investors should also not be misled by statements claiming or inferring Semco and Promold have been acquired by PLNI. They have not. There is some kind of ongoing process whose details are unknown.
The worst offender here is Plasticon itself, which has PR's with the headline Plasticon Completes Semco Acquisition and Plasticon Completes Promold Acquisition. Only when you read the complete PRs do you learn that these are "pending" or "awaiting" SEC approval. PLNI has yet to explain why these acquisitions require SEC approval, and no one, not even PLNI optimists, have been able to locate SEC filings that would be awaiting SEC approval.
It's a pink, which means you can always lose or gain money with extreme fluctuations. Just go in with your eyes wide open.
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The best way to get a feel for the float, IMO, is to count the shares VFIN sells each day and add that to the float. My back of the envelope numbers are around 1 billion shares since the last update. For a while they were selling well over half the daily volume but that has fallen off at these higher prices. They can raise the same amount of money with fewer shares up here, and thus less dilution the higher it goes.
Its a little harder to figure the o/s. If we assume the insiders want to maintain their share (and control) of the company it is reasonable to assume they are issuing themselves more shares in a ratio to what they sell into the market. If they sold 1 billion shares and did not raise the o/s, then us little guys would now own close to 3/4 of the company. My understanding is that as a minority shareholder, JT could not vote and file increases in a/s and other corporate documents in WY as they've done in the past without shareholder(our) approval. I'm not a lawyer, so if there is some provision anyone knows of that would allow a minority holder to authorize an increase in a/s or issue shares without shareholder approval, feel free to contradict my assumption here(with links please).
I'd suggest anyone interested should check the WY SOS website every day for new filings. That is the first place we'll see changes in a/s. the o/s and float numbers are completely under their control, so nearly impossible to attain without making an educated guess.
Type in plasticon and hit enter, then hit the CID link on the left. The form that appears was last amended on 11/21/05. Look for changes in that date. I called WY and they said the 11/21/05 filing was simply to add 100 million preferred shares to the 5 billion common. They already filed for the 100 million preferred in April when they increased the a/s to 3 billion(from 2B), but apparently failed to include that in their october amendment(increasing the a/s to 5B from 3B) hense the november filing clarification. I got the November preferred stock info over the phone, FWIW, since I don't have a fax machine at home to receive the docs. I then called and left a msg asking them to add the 100 million preferred to the form on the web, but they still haven't changed that. You can get copies of the original docs faxed to you if you call them. The terms of the preferred stock(conversion ratios) are not known to WY SOS, and are not public as far as I could find, so no need calling for that info.
-------------------- Logic can protect you from the hazards of faith, hope and trust.
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Plasticon Announces That SEMCO's System Is Selected and Specified for Department of Transportation Surfacing Contract LEXINGTON, KY -- (MARKET WIRE) -- 01/30/2006 -- Plasticon International Inc. (OTC: PLNI) announced today SEMCO's Ultimate Surface Effects® system has been selected and specified for the I-215 / I-515 Interchange ramp slope pavement project for the Nevada Department of Transportation (DOT).
"We are thrilled to be selected by the Nevada Department of Transportation on the Interchange project," said Samel Sem, President and founder of SEMCO Manufacturing. "SEMCO was specified for this project because our environmentally responsible system will allow the Nevada DOT to both improve the functionality of the freeway and to beautify the community at the same time. Our surfacing system will not only allow the DOT to use more vibrant color and design combinations, it will also enable them to prevent graffiti with SEMCO's proprietary protective coating, and to eliminate the absorption of water into the surface of the structure thereby prolonging the use of the freeway."
According to Jim Turek, President and CEO of Plasticon International, Inc., "We believe that the transportation sector offers one of the greatest opportunities for SEMCO's cutting-edge surfacing solutions. SEMCO's surfacing system is the most durable, versatile, environmentally friendly solution in the marketplace today, which makes them ideal for transportation projects and gives them a distinct advantage in the DOT selection process. As we increase SEMCO's exposure within the industry, we believe that architects and engineers will specify SEMCO's surfacing systems for more and more important contracts and projects as we move forward. And we believe that as environmental regulation continues to increase, demand for SEMCO's products will rise accordingly. The Senate recently passed a $285 billion transportation bill, so there's a wealth of surfacing opportunities to pursue in transportation. As the only company in our sector that is DOT (Department of Transportation) approved or accepted in all 50 states, Plasticon is in a unique position to help SEMCO expand their opportunities in the transportation sector."
SEMCO Manufacturing, based in Las Vegas, Nevada since 1991, has provided their surfacing products to many of the city's most impressive showcase projects, including a number of 5 star luxury resorts. Their eclectic customer base also includes high profile commercial, public and private clientele. Projects have ranged from critical government facilities (the flooring of the Pentagon) to elementary schools, community centers and many prominent parks and public works projects to the Bioshpere project, where the SEMCO team provided the materials for the creation of a lush, fully functioning indoor rainforest. SEMCO's product line is noted for its incredible durability which is why it is not only extensively used indoors, but also on heavily trafficked outdoor walkways, in extreme outdoor weather conditions, in chlorinated pool water and on rugged exteriors. SEMCO Manufacturing has offices in the U.S., Japan, Hong Kong, Singapore, and Australia.
Plasticon's acquisition of SEMCO Manufacturing, Inc. has been completed, and is now awaiting SEC approval. For more information about Plasticon International and for important updates, please visit the Plasticon web site online at www.plasticonintl.com. For more information about SEMCO Manufacturing, please visit www.semcomfg.com.
About Plasticon International, Inc.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, and plastic lumber, 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.
Plasticon International, Inc.: Jim Turek, President and CEO 3166 Custer Drive, Suite 101 Lexington, Kentucky 40517 web site: www.plasticonintl.com
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.
SEMCO Contracts Keep on Coming! Another Important PR Just Released Pre Market!
Plasticon Announces that SEMCO’s System is Selected and Specified for Department of Transportation Surfacing Contract
On Thursday last week, Plasticon hit another new high for the month at .0109 per share up as much as 179% since our January Effect pick price on December 30, 2005. Some profit taking hit the stock on Friday, January 27, but today’s announcement will likely stir things up once again. Plasticon’s new SEMCO division is producing some very prolific contracts and investors seem to be taking notice for good reason.
A Department of Transportation (DOT) contract is extremely significant. The signing of the contract with McCarren International Airport and now the Nevada DOT paves the way for other similar government related contracts throughout the country and the world. The recent contracts announced by SEMCO through Plasticon give further support and ammunition as a new marketing campaign is rolled out next month, February 2006 per its announcement last Friday, January 27.
The Green Baron Report is thrilled to see Plasticon deliver on its vision for the future. We have been believers in this Company for almost a year now and it is very gratifying to see a dream come true. There is still significant work to be done in the months ahead to make this a true success, but the signs are clear that Plasticon is headed in the right direction. Management and consultants close to Plasticon still have lofty goals ahead for the Company, and we maintain serious interest in the development of this Company.
Note: We thought by now the Company’s audit would be completed. Although we are frustrated that a press release has not been issued to confirm its completion, we maintain that Plasticon is doing everything it can to make it happen. The reason we bring this up is because we promised to air a new Green Baron webcast with CEO Jim Turek and senior consultant Bill Howe once the audit has been filed. We still promise to deliver an insightful interview as soon as it is possible.
LEXINGTON, Ky., January 30, 2006 -- Plasticon International Inc. (Other OTC - PLNI.PK) announced today SEMCO’s Ultimate Surface Effects® system has been selected and specified for the I-215 / I-515 Interchange ramp slope pavement project for the Nevada Department of Transportation (DOT).
“We are thrilled to be selected by the Nevada Department of Transportation on the Interchange project,” said Samel Sem, President and founder of SEMCO Manufacturing. “SEMCO was specified for this project because our environmentally responsible system will allow the Nevada DOT to both improve the functionality of the freeway and to beautify the community at the same time. Our surfacing system will not only allow the DOT to use more vibrant color and design combinations, it will also enable them to prevent graffiti with SEMCO’s proprietary protective coating, and to eliminate the absorption of water into the surface of the structure thereby prolonging the use of the freeway.”
-------------------- It will run when you least expect it. :)
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The contracts are good news for Semco, but it's impossible to tell how good it is for PLNI or its shareholders because the acquisition has not been completed ("awaiting SEC approval") and its terms have not been divulged--there's a big concern over dilution of this stock.
Pinks are crazy and who knows what it'll look like by day's end. But some stockholders had counted on a PR on Dec. 30 saying information about share reduction and audit filing would be released by the end of this month. Didn't happen, so there's a reaction.
(recent PRs dropped saying anything about the audit, and langugage about share reduction has changed to "in the very near future")
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What does everyone think of this. This is what is shown on Pinksheets dot com when you ask for a quote.
"Pink Sheets believes adequate current information must be publicly available during any period that the issuer or affiliates of the issuer are directly or indirectly engaged in promotional activities having the effect of encouraging trading of the issuer's securities in the OTC market. Pink Sheets has observed that such promotional activities are occurring for this security, but that adequate current information may not be available. Consequently, Pink Sheets has removed the quotes from this website until such information is made available by the issuer to the investing community. investors are encouraged to use care and due diligence in their investment decisions. Please read our Investor Protection page."
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There's a little confusion over at one of the other boards (Ihub)--one one of the posters is saying the L2s have been restored. But I suspect he's getting his via the L2s embedded at the PLNI website, also supplied evidently by pinksheets. Every time I try to access the L2s via pinksheets d o t com directly, I get the message McT posted.
Briefly, the message means that for whatever reason, pinksheets did not feel it was getting adequate information.
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I think that's the problem.. no one was getting the information needed. So, what do you folks think will happen next? Other than, of course, the pps dropping like a crowbar in water.
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....but the Green Baron said, "We thought by now the Company’s audit would be completed. Although we are frustrated that a press release has not been issued to confirm its completion, we maintain that Plasticon is doing everything it can to make it happen."
Doesn't that count? They're doing everything they can do to make it happen !
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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