posted
Artifical depression and panic selling caused a big drop.
Chart is looking great for a large position at this time!
I just got filled and will look to acquire more on Monday!
Supposed news coming next week too, and the closing of acquisitions is near!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
| IP: Logged |
posted
i dumped out a short while ago for a loss after a long hold. Just dont trust it anymore (IMHO),,,, hope it works out for you though.
-------------------- I don't play well with others, and have a problem with authority. I love to see the big guy fall to the under-dog. Posts: 192 | From: New Jersey - Armpit of the World | Registered: Jul 2005
| IP: Logged |
posted
Nice to see you back on the stock FOT. I'm right there with you. Been accumulating for quite a while. The charts are Screeming for the news. Buying on the dips and looking for a nice run up to get the freebie shares and some bank. GLTY
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
| IP: Logged |
posted
FOT... Where you been boy? Good to hear from you...All the signs are good.
VFIN's been riding the ask hard. News is expected on ProMold and Semco but it's anyone's guess when...I'm hoping earlier that the announced dates...I also want a PR explaining the share structure soon so that all the speculation can be settled.
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
| IP: Logged |
quote:Originally posted by Bearclaw: FOT... Where you been boy? Good to hear from you...All the signs are good.
VFIN's been riding the ask hard. News is expected on ProMold and Semco but it's anyone's guess when...I'm hoping earlier that the announced dates...I also want a PR explaining the share structure soon so that all the speculation can be settled.
Been playing some others, and I just couldn;t resist anymore!
RSI is too oversold MACD appears to have bottomed out and is readying for an upturn CMF diverging positive again CCI moving up! Big news coming soon!
This one is just looking too good to pass up!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
| IP: Logged |
posted
I got a feeling this will go near or below .003 before a upswing, looks like the usual MM manipulation and my hunch is no bigs news until it bottoms out at previous low range. "Just my opinion" good luck to all.
Posts: 238 | From: Us | Registered: Aug 2005
| IP: Logged |
posted
I just got 500k more at 62! Next week is looking very good here!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
| IP: Logged |
posted
FOT... Way to go...Just finished talking to our boy...You may want to chat with him over the weekend...Take care...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
| IP: Logged |
posted
If this is the bottom, then this is a great buying opportunity before the 9th. I thought the bottom was at 0.0081 and grabbed too soon!! I want to get more, but I'm not certain where the bottom is located. Just three more days to decide. (if I'm willing to wait) I'll se what happens a.m. Monday then probably take the final plunge before the steady climb I suspect will occur from Tuesday til Thursday.
-------------------- speak from your heart, invest from experience... Posts: 261 | From: Dallas | Registered: May 2005
| IP: Logged |
posted
Have been in this one in the past and have had on my watch list for a while now. Some talk about the O/S and whether the high volume/lower pps is dilution or accumulation. Will buy if the long awaited pr regarding Semco or audit comes next week. Although chart looks great--indicators pointing to oversold and ready for an upturn, I'll watch as there is a lot of room to move on this one.
Posts: 106 | Registered: Aug 2004
| IP: Logged |
I am in deep and very much hope for the best, but would love to hear the opinion of people who disappeared for a few months and now reappear (FOT comes to mind) about the secretive 5 billion a/s filing.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
| IP: Logged |
I am in deep and very much hope for the best, but would love to hear the opinion of people who disappeared for a few months and now reappear (FOT comes to mind) about the secretive 5 billion a/s filing.
Still holding some and waiting for another good run
-------------------- 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
| IP: Logged |
posted
I think it is a ploy to scare people into selling while he is doing a buy back...
the huge volume during the last 2 weeks has got me wondering!
Here is my game plan:
use my last free cash to buy PLNI on Monday Wait until ICMH explodes with their news to sell and buy more PLNI and IDWD!
Sell some free shares of gzfx that I have been holding waiting for the next run to get more PLNI
In short, I am getting as much PLNI as I can. Big news coming soon. Semco, Promold, audit details, buy back, OTCBB move... who would not want to own this one!
I have a realistic expectation to see .05-.10 before years end! And I am pretty confortable making that prediction!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
| IP: Logged |
posted
Thanks for the heads up FOT... I had sold a bunch of this back in the last huge run up and now riding on freebie shares. Bought some more today and hopefully more Monday. Charts are ripe for the next leg... Gooo PLNI
Posts: 132 | From: NC | Registered: Jun 2005
| IP: Logged |
quote:Originally posted by FatherOfTwo: I think it is a ploy to scare people into selling while he is doing a buy back...
No, seriously (what he's joking about is illegal). What do you think? Collateral for acuisitions?
Posts: 610 | From: DC Metro area | Registered: Jun 2005
| IP: Logged |
posted
This is definitely a buyback IMO. I have my opinion on how it occurred to get the PPS down to these levels...you know some of what that is....but that's the past...It means nothing now other than partial tuition to Pennyland Community College...
Some folks have been gloom and doom with dilution and R/S since the PPS drop...Fine we can all have our opinions on what we saw...but...now's a good time to look at the upcoming news and help each other on this thread to make bank! I'm hoping to see posts of folks excited as the 3 or 4 PR's of significant news come out over the next few weeks...
I loaded up again around .007 with several buys thinking that was a pretty good entry...I still am very happy with that...
Maybe FOT was wise enough to start this new PLNI thread with a positive outlook as interest in PLNI increases over the next several weeks... Time for the payoff of months of waiting is very near...IMO
and
quote:Originally posted by state780:
quote:Originally posted by FatherOfTwo: I think it is a ploy to scare people into selling while he is doing a buy back...
No, seriously (what he's joking about is illegal). What do you think? Collateral for acuisitions?
[ November 05, 2005, 09:46: Message edited by: Bearclaw ]
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
| IP: Logged |
posted
StockHunter, did you receive an answer regarding if PLNI is exempt from filing and/or why? In an earlier post, on the locked thread, you said you had a call into the SEC and were awaiting an answer.
StockHunter Member
posted November 03, 2005 19:01 --------------------------------------------------------------------------------
quote: -------------------------------------------------------------------------------- Originally posted by will: Well, looking at that, I would say they don't meet those exemptions. They have $10M in molds, and surely more than 300 shareholders. --------------------------------------------------------------------------------
From the SEC web site: ----------------------- If a company registers its securities under the Securities Act, the company must then file periodic reports with the SEC under the Securities Exchange Act of 1934. The obligation to file reports continues at least through the end of the fiscal year in which the registration statement became effective. After that, the company is required to continue reporting unless its satisfies the following "thresholds," in which case the company’s filing obligations are suspended if the company has fewer than:
300 shareholders of the class of securities offered; or 500 shareholders of the class of securities offered and less than $10 million in total assets for each of its last three fiscal years.
Even if a company doesn’t have to register its securities for an offering, it still may have to file reports with the SEC if the company lists its securities on an exchange or the Nasdaq Stock Market or has 500 or more shareholders and $10 million or more in assets. ---------------------
I agree they do not look like they currently qualify as exempt. Looks like they qualified last year and stopped filing then. I'm waiting a call back from the SEC and will bring this up with them.
There may be some lead time after they no longer qualify before they have to file w/the SEC. If not, it should be very easy to prove the don't qualify by these criteria since they send out PRs bragging about the value of their molds. -------------------------------------------------------------------------------- Posts: 175 | From: California | Registered: May 2005 | IP: Logged |
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
| IP: Logged |
posted
Are Pinks required to report? Look at Qbid...Frank ran the O/S to 50 billion and no one had a clue and still doesn't till they become fully reporting.
Posts: 132 | From: NC | Registered: Jun 2005
| IP: Logged |
posted
Bearclaw, I don't have any T/A proof, but I agree with you. This is absolutely when a company would would do a buyback if they were going to do so. With so much info about to be released, this is prime time to make a move like that.
-------------------- speak from your heart, invest from experience... Posts: 261 | From: Dallas | Registered: May 2005
| IP: Logged |
posted
Corndo... I also think they are almost finished..My guess would be another 200 million share buyback based on watching the volume with WDCO first getting it down to around .009 and then VFIN taking it to around the current levels. I really have no clue if this guess is close...so...maybe I should say My Hope is... I think Jim Turek must get real clear about the A/S the O/S including the available float. I'm thinking that information and the audit are crucial in the near future. ProMold and Semco are going to be terrific for the bottom line but if he is serious about going to the BB and then possibly the American Exchange then the audit and share issues are required to be explained in detail. Included in that explaination needs to be his plans for the share structure in his goal of bringing PLNI to the big board...IMO
quote:Originally posted by corndo: Bearclaw, I don't have any T/A proof, but I agree with you. This is absolutely when a company would would do a buyback if they were going to do so. With so much info about to be released, this is prime time to make a move like that.
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
| IP: Logged |
posted
Hope this helps with some of the questions on listing and filing requirements. These questions and answers come from the pink sheets.com My take is we're in the Wild Wild West folks. GLTA
How do the Pink Sheets differ from the OTCBB? The Pink Sheets and the OTCBB are competing quotation services for OTC securities. The Pink Sheets is a privately owned company, while NASDAQ operates the OTCBB. Unlike the OTCBB, issuers do not have to be fully reporting companies with the Securities and Exchange Commission (SEC) to be quoted on the Pink Sheets. The Pink Sheets' OTC Dealer provides market makers with dynamic tickers and quote montages and an electronic trade negotiation system, while the OTCBB does not provide this functionality.
What types of companies are quoted on the Pink Sheets? There are a wide variety of companies quoted on the Pink Sheets. There are small companies that cannot or do not wish to meet the listing requirements of the exchanges; there are many large foreign issuers which are exchange listed in their home country but traded OTC in the US market (often because their financial statements are not prepared according to GAAP, which is a requirement for US listing); many Pink Sheet companies were formerly listed on an exchange and fell below the required standards for listing; due to the increased compliance costs associated with the Sarbanes/Oxley legislation, some listed companies have voluntarily delisted from exchanges and chosen to be traded over-the-counter; and there are a number of banks and other issuers that are thinly traded and so choose not to go to the expense of listing on an exchange.
How can I get the short interest for a Pink Sheet stock? NASD rules do not require that market participants report their short interest in non-Nasdaq OTC securities. This is required only for Nasdaq (and exchange) listed securities, thus short interest information is not available for Pink Sheet securities.
Who regulates the Pink Sheets? Pink Sheets is neither a Securities and Exchange Commission (SEC) Registered Stock Exchange nor a NASD broker/dealer. Pink Sheets is considered a Non-exclusive Securities Information Processor and an Interdealer Quotation System, for which registration is not required under current securities laws. However, Pink Sheets quotation and trading system is only open to registered broker/dealers and those broker/dealers are subject to NASD Rules and regulations regarding their conduct and use of the Pink Sheets. Issuers are subject to Federal and State securities laws.
Do financial statements have to be audited? Current NASD rules do not require the financial statements of Pink Sheet issuers to be audited, but they should be prepared in accordance with GAAP or, for foreign issuers, in accordance with their home country's accounting standards.
Are there any filing requirements with the Pink Sheets for the issuers? Issuers are not required to register securities with the Securities and Exchange Commission (SEC), or be current in their reporting requirements to be quoted on the Pink Sheets. Nor are issuers required to file financial or other company information with the Pink Sheets. SEC Rule 10b-17 requires all issuers of publicly traded securities, including Pink Sheets securities, to notify the NASD at least 10 calendar days prior to the record date of any dividend or other distribution, stock split, reverse split, or rights or subscription offering.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
| IP: Logged |
posted
FOT...you're a good man but I heard this same babble back in may. this company isnt reliable and its as simple as that. lets see how it does though. im sure theres gonna be a little upflow this week w/ this pump thread, then probably back to the same old ****.
Posts: 26 | From: cleveland | Registered: May 2005
| IP: Logged |
posted
even if this does come out with these couple of long lasted PR's...what makes this stock different from QBID. theyve been having good pr's forever now and the pps just keeps dropping
Posts: 26 | From: cleveland | Registered: May 2005
| IP: Logged |
posted
Curious, I read it, and it seems they are not required to be fully reporting, "do not have to be fully reporting". SEC Rule 10b-17 requires all issuers of publicly traded securities, including Pink Sheets securities, to notify the NASD at least 10 calendar days prior to the record date of any dividend or other distribution, stock split, reverse split, or rights or subscription offering. There must be some minimum filing requiremets for pinks. CMKX was just revoked by the SEC for not filing, and I believe they were a pink. The real question isn't if they are violating security laws, but are they being forthright and forthcoming with factual information to their shareholders. Yes, they can PR information, but I would draw your attention to MLON. SEC Filings are FACT. If they did file there would be no guessing if the current unusually high volume is dilution or accuumulation. You would be able to read the filing and know which or what it was. It is just a red flag to see this activity without valid explanation from the company. Is it too much to ask a company as an investor or potential investor to be forthright and forthcoming with factual, accurate information? I watched the arguement rage for almost two years regarding CMKX's failure to inform its investor, and saw naysayers asking for proof and supporters blindly accepting rumor, inuendo, and theories that brought them to revocation. I am not suggesting that PLNI is doing anything illegal or comparable to CMKX, nor am I suggesting that the supporters of PLNI are as blind as the CMKX supporters were. Specualtion and guessing could be taken out of the equation or decision making process with forthright honest information from the company.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
| IP: Logged |
posted
To clarify the CMKX failure to report premise. CMKI was on the OTCBB exchange and was required to file. They were sent to the pinks by the OTCBB for failure to report.
However, it doesn't matter what exchange you are on once you file with SEC you have to continue filing, unless you file a 15-G. To do that you must meet the following:
From the SEC web site: ----------------------- If a company registers its securities under the Securities Act, the company must then file periodic reports with the SEC under the Securities Exchange Act of 1934. The obligation to file reports continues at least through the end of the fiscal year in which the registration statement became effective. After that, the company is required to continue reporting unless its satisfies the following "thresholds," in which case the company’s filing obligations are suspended if the company has fewer than:
300 shareholders of the class of securities offered; or 500 shareholders of the class of securities offered and less than $10 million in total assets for each of its last three fiscal years.
Even if a company doesn’t have to register its securities for an offering, it still may have to file reports with the SEC if the company lists its securities on an exchange or the Nasdaq Stock Market or has 500 or more shareholders and $10 million or more in assets.
PLNI filed under WICKLUND, and as I mentioned on the prior thread, that was locked, I saw 4 filings the last an 8K filed in 8/04. There wasn't any 15-12g filed under WICKLUND. It is doubtful they meet either requirement mentioned above to file a 15-12g now. Following is the definition of 15-12g from :
15 12G Certification of termination of registration of a class of security under Section 12(g) or notice of suspension of duty to file reports pursuant to Section 13 and 15(d) of the Act Section 12(g)
So, it would seem that PLNI is still required to file with the SEC.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
| IP: Logged |
posted
Filings Shhmilings!! All the old filing doesn't really mean anything for consumer (investor) confidence right now. This is a time when we need a snapshot of whats happening today.
(It's kinda like getting set up on a blind date where they will only show you cute baby pictures of your soon to be escort)
-------------------- speak from your heart, invest from experience... Posts: 261 | From: Dallas | Registered: May 2005
| IP: Logged |
posted
This company is a pile of crap. Of course they're required to file but they won't and will probably never be called on it. In the meantime, they're diluting the hell out of it and the principals are getting rich. Sure, there might be small runs here and there but it's a damn risky play as this could very well be on a slow run down to .000X territory. Good luck if you play it.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
| IP: Logged |
posted
That's the point, corndo. If the company was forthright and forthcoming, and current in their flings, you wouldn't have to be guessing if it were a beauty or a beast. You would have a more accurate picture than the one painting on or before 8/04, which was blurry at best back then.
quote:Originally posted by corndo: Filings Shhmilings!! All the old filing doesn't really mean anything for consumer (investor) confidence right now. This is a time when we need a snapshot of whats happening today.
(It's kinda like getting set up on a blind date where they will only show you cute baby pictures of your soon to be escort)
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
| IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
![[Smile]](smile.gif)
