From a pure T/A perspective, this is the time to buy! The MACD has bottomed out and is starting its divergence positive for a cross next week. The RSI is oversold and begining to cross out. The slow stochs are ready to start trending upward as well.
-------------------- 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
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IMHO, PLNI is going to be the recipient of one of the largest January effects EVER!
Too many impatient people sold off and devalued this stock! I am going to be adding to my position whenever possible!
-------------------- 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
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FOT I hope you are right, this stock has been a yo yo, but in any case still holding here Actually added some yesterday.
-------------------- 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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The rumor mill has been churning big time as of late.
They are making money, and BIG news is out there getting ready to be released. And the charts are really setting up for a nice turnaround!
-------------------- 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
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quote:Originally posted by FatherOfTwo: me too doc....
The rumor mill has been churning big time as of late.
They are making money, and BIG news is out there getting ready to be released. And the charts are really setting up for a nice turnaround!
sorry FOT - I haven't been following PLNI. What's this news you speak of?
-------------------- Do you know what "nemesis" means? A righteous infliction of retribution manifested by an appropriate agent. Personified in this case by an 'orrible 'unt... me. -Brick Top Posts: 746 | From: Pawtucket, MA | Registered: Jan 2005
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Too many broken promises by this co. Too many mergers and a severe lack of PRs.
-------------------- 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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quote:Originally posted by FatherOfTwo: me too doc....
The rumor mill has been churning big time as of late.
They are making money, and BIG news is out there getting ready to be released. And the charts are really setting up for a nice turnaround!
sorry FOT - I haven't been following PLNI. What's this news you speak of?
Unfortunately, That's the point, there is no news and there hasn't been any in a month and a half. Starting in July they were putting out 6-8 PRs a month the whole time the price slid from a high on July 26th of 0.194 to where it is now .004. There is no TA that indicates any change in direction. I recommend watching and waiting to see if there is some turnaround.
-------------------- Trust but verify! Posts: 368 | Registered: Oct 2005
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Madge is correct in that I do not know specifically the news or when it will be released, but everyone here knows that information is there to be released, the big question is why aren't they telling us??? I have put in a call to Bill Howe to discuss some of this.
However long it takes, audit details and OTCBB move will eventually occur.
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-------------------- 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
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FOT... The other PLNI thread looks like it was closed by the moderator. I recommend anyone interested go ahead and read that. There is good DD and all the issues that concern folks are discussed...both pros and cons...more cons the last several weeks...
My last purchase of shares was at .0052 to give me an average of .00682...Let me tell you I am thrilled at my entry. I expect when the PR's begin to be released that PLNI will run hard. I would think we will see them, multiple PR's, in the next few weeks IMO...I'm hoping the first is the audit...we'll see
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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you are right.. there is lots of good DD on the previous threads.
I actually went back and read the very first thread I started. I got excited again because of the outlook for this company.
Does anyone here still think that recycled plastic is not cheaper than steel?
Lightweight, cheaper, does not corode! The benefits of their product is there. We just need to be patient until the Co mgmt gets the rest of their biz plan completed. Lets face it. In the last 6 months, they worked on an audit, are preparing for OTCBB application, completed 2 MAJOR acquisitions, increased their sales orders to R&M mfg, increased their product efficiency by the new molds, locked in a long term contract for raw materials! Etc, etc etc!
They are set to succeed in this business, and they are headed on the right path. Our reward as investors will come!
-------------------- 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
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Remember the brochere they sent out before all this started and it looked like they were trying to pump it up? I said back then that it looked to me like they were trying to say that its going to get rough and to hold on tight. Well it sure has and I'm holding!!! Too many positive things ahead for these guys if they can get them all ironed out and move forward.
This is just pure speculation on my part and dont know if its what is going on or not and I'm sure I will get slammed for it but anyway here goes.
If I wanted to be able to buy a whole bunch of my stock back to be able to reduce the float and O/S's would I want to do it at .015-.019 or would I want to do it in the .004-5's and get 400% for the same dollar amount??
Yes it would PROBABLY be illegal and very very unetical but how many pinks follow by the rules and just totally screw EVERYBODY!! At least if they did this and it was planned and the folks that were here in the beginning knew it was going to get hairy(per the brochere) and stuck around they wouldnt lose any money cause ya only lose when ya sell, right?
Anyway it's too late now to worry about so I just figure we are going to do a major turn around and make lots of bank or its totally going to be QBID in another 30-60 days and were all screwed!!!!!
IMHO I dont think its going to be QBID!!!
Everybody have a good christmas and holiday's and I cant wait for the January effect to kick this in the arse!!
Posts: 952 | From: OH | Registered: Apr 2005
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Here is some of my speculation. I believe the downturn really started when PLNI got hooked up with Apple... and if I remember correctly, Apple helped another big runner here in pinkie land (whom I won't mention) by encouraging them to sell some shares at a higher pps, after a good multi hundred percent run, which caused the pps to fall. And then they used the cash to buy back all the shares and then some, as well as have extra cash for operations and acquisitions.
IMHO, it is my speculation that the same scenario may have occurred here. It would also make sense as to why they haven't released the audit info, applied to the OTCBB, or release a bunch of PR's
-------------------- 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
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Don't get so tied up in the market that you forget the reason for the season. Remember, you can't take it with you.
Thanks FOT for your down to earth posts and to all the rest who are looking for a bright year to come: hang in there! This is a promising company with great things ahead.
Posts: 35 | From: Mauldin , S.C. | Registered: Aug 2005
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those Apple guys? creeeeeeped me out, from the get-go...
I liked when that little "Ben Stein" sounding guy was answering questions...
what I can't believe? Don't some 2,000 of you live near this company? Jeeez, if this were in part of the country, where I could drive there easily? I'd be all over 'em...
I bring it here, because the Jeffrey T. in the article is ME!!!!! I will try and get the whole email and post it here, if I can find it in my archives at work, when I return. People, write letters to the authors of some of these articles we see... it goes to show they actually read them!
YellowSubmarine Member
posted December 25, 2005 17:04 -------------------------------------------------------------------------------- They're talking about PLNI on The Motley Fool now...!!!
An Exciting Penny Stock By Selena Maranjian (TMF Selena) November 4, 2005
A month or so ago, I wrote an article on penny stocks, advising readers, as I've often done, to consider steering clear. I received a thoughtful response from a reader and thought I'd share it with you. Jeffrey T. said:
"I found your Motley Fool article on penny stocks nearly right on the money ... however, not ALL penny stocks are scams. Take Plasticon International (OTCBB: PLNI), for example. They are a fledgling company utilizing recycled plastic to manufacture concrete building products such as rebar supports and, coming soon, plastic rebar. With the future rebuilding efforts after Hurricanes Rita and Katrina, alternatives to steel products will be sought. Add to this, the company has recently acquired a company specializing in concrete sealing. This product along with the rebar supports can easily add YEARS to the life of bridges and buildings, by reducing the amount of decay from environmental impacts and corrosion. I would like to see you do a follow up story to the one you recently wrote, and highlight that there do exist some DIAMONDS in the pile of shiny rocks as you so appropriately quoted!"
Jeff, your wish is my command. There surely are some diamonds in the pile of penny stocks -- I'll concede that point immediately. The problem is, they're not so easy to find, and I'm not even sure that you've found one in Plasticon.
Plasticon's green flags Your email did make Plasticon sound quite enticing, so I tried to look up information on it. I struck out at my usual sources of quick data, such as our own Quotes and Data area and even Yahoo!'s offerings. The place where I found the most information was Plasticon's website. There, I learned that:
The firm is 17 years old.
Its "line of patented, plastic concrete accessories has been approved or accepted in all 50 states and several foreign countries including Poland, Israel, Canada, Mexico, and Egypt. In addition, its transportation signage has received DOT approval or acceptance in all 50 states."
It has recently dramatically increased production capacity to $20 million in annual sales -- and up to $30 million, soon.
The market for rebar supports was $27 billion back in 1993, suggesting that there's plenty of money to be made if Plasticon's plastic rebar is accepted and purchased.
Plastic lumber sales in the United States are growing at 40% per year. I've seen plenty of plastic lumber and am impressed with it. Tom Gardner even recommended plastic lumber maker Trex (NYSE: TWP) in our Stock Advisor newsletter. (Though its stock has been having a bad year.)
A link to a profile of the company in a newspaper reported that the firm's products are used in all 50 states, and in more than 200 bridges across the nation, as well as elsewhere. Also, the firm has received patents valued at over $20 million and has an inventory of injection molds valued at over $10 million. (Inventory, like patents, isn't necessarily a good thing, unless it's put to good use.)
The firm is planning to buy back shares -- some 200 million to begin with -- which can boost the share price. Plasticon's red flags The only trouble is, despite all this information, I didn't see some of the info I was seeking. Specifically, I couldn't find:
Copies of quarterly and annual financial reports filed with the Securities and Exchange Commission (SEC).
Reports on just how much money the company has taken in in revenues over the past years and quarters, and how much it has kept as profits. (One press release listed on the company website had a headline that said "Plasticon Announces Company is Profitable as of Second Quarter 2005," but the link to the article was no longer working.)
Reports on the company's financial health. For example, how much debt does it have, and how much cash? Sometimes terrific companies crash because they can't service their debt or just don't have enough money to keep the machinery running long enough to make money. This is pretty standard stuff for most publicly traded companies. For example, a quick trip to the website of Buffalo Wild Wings (Nasdaq: BWLD), a $225 million company recommended in our Hidden Gems newsletter a few months ago, offers links to annual reports and SEC filings, among other things. (Grab a painless free trial of Hidden Gems and see what other small, dynamic firms we've recommended.) It's the same with $650 million Rule Breakers recommendation Myriad Genetics (Nasdaq: MYGN), which is up some 14% since being featured a few months ago. (Try Rule Breakers for free and see the whole list of recommended stocks.)
There's other information I'd want before I'd consider investing in this firm, too. For example, who are its competitors and how are they doing?
Above all, I'm left wondering why the company, if it's doing so well, isn't offering any data on its financial health and performance for investors and would-be investors. One might argue that such details might be hidden so as not to inform competitors, but still ....
I tried one last resort. I called the Investor Relations contact person listed on the website. I thought I'd gotten the wrong number at first, though, because the call was answered by a Florida-based consulting company, which apparently handles investor relations issues for the Kentucky-based Plasticon. Regardless, I asked the fellow to send me the company's latest financial statements -- and was told he couldn't. He said they would be available in the near future, and that he'd send them to me. This was a week or two ago, and all I received was a press release announcing that "Plasticon Transfers Wholly Owned Inventory of Injection Molds to New Production Facility" and "Injection Molds Have Been Independently Valued at $10 Million." I even asked for past reports, while I wait for the latest ones. That went nowhere, too -- they simply weren't available.
In a nutshell I've seen, read and heard enough about Plasticon now to make me not want to invest in it. This could end up being one of many investments and non-investments I regret later, but that's OK.
The company's market cap, or total market value, appears to be in the neighborhood of $15 million. That's pretty darn tiny. A simple, successful mom-and-pop store down the street might carry such a value. The stock price is a mere penny per share. If the firm is really doing so well, why are the stock price and market value so low?
I remain committed to my belief that most stocks valued at less than $5 per share carry such low prices for good reasons. These "penny stocks" tend to be volatile and are easy to manipulate and lose money on. Basically, I'd rather invest in firms with established and impressive track records and more transparent finances. If Plasticon one day offers more data on itself, I'll be happy to take a closer look, since the company and the industry are quite intriguing.
In the meantime, there are lots (and lots) of more established and exciting companies. Even Tootsie Roll (NYSE: TR) is compelling -- as W. D. Crotty explained recently. He pointed out that had you invested $1,000 in Tootsie Roll back in 1957, you'd have more than a million dollars now, as its average compound growth rate over the period topped 16%. Then there's Avon (NYSE: AVP), which as M. D. Mitchell explained, is growing slowly but surely and may grow much more, thanks to a presence in China. And Stock Advisor selection 7-Eleven (NYSE: SE), which recently reported sales up 17% and profits up a whopping 54%. See? Lots of promising candidates for investments -- and they all have financial statements ready for your examination.
So am I here to slam Plasticon? Not at all. I just don't know enough about it, even though I tried to learn -- which is the problem. If you know more than I do about Plasticon, as you well might, I invite you to share more information on our discussion board.
-------------------- 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
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posted
PLNI going down in Price is the same as WHLI! DILUTION. No chart can tell where a stock is going to turn up on if the CEO keeps dumping shares into the market. Many investors sold because of the dilution. It has happened to QBID and people don't want it to happen here. Not to mention the promoter "Green Baron" was paid a large amount of S8 shares for his coverage of PLNI. This is a stock I would pass up on. If you are thinking of investing and making money in a long term play check out the DD for CEAT.
Posts: 162 | From: Kentucky | Registered: Dec 2005
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IMO, the red flags outweigh the green flags by a wide margin. If you consider them, the info that would be contained in the red ones is MUCH more important to investors than the green.
One thing that makes me wonder: What has this company been doing for 17 years? Why the sudden pump now? Smells to me like the roof is ready to cave in unless we see filings VERY SOON, and I mean within the next few days. If this makes it to the new year without filings, IMO it's doomed to fail. The company will just keep promising filings and pumping out fluff PRs to make money selling the stock until it is so far oversold it will never see .05.
FOT, nice try, but the only thing you accomplished with your post is to get Motley Fool to agree with what we have been saying all along. Withing financials we aint going anywhere.
-------------------- 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
The Motley Fool article had some very valid points as far as any penny stock goes. However the turn around to becoming a great investment is even More Dramatic than the negatives and IMO that will come in January.
This trading pattern we are still 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. Should Jim ad more shares into the float for more equipment this could drive the price down as well along with the shorters taking advantage of that prime opportunity untill significant material events are announced.
As much as I would love to hear that someone has the inside scoop with great predictions of PR's forth coming, the fact is no one knows when they will be released or what will be in them. Jim will not let that cat out of the bag for any stock holder and violate SEC rules. PERIOD! IMO as stated before material events should flow in this next 30 day time period using today as a reference point.
So what exactly is the point to this bash fest being conducted in the last several weeks? Most is seasoned with half truths or down right lack of any DD on the company. Any little negative is multiplied exponentially into the doom and gloom scenerio with the CEO running off with diluted cash coffers stuffed with stockholders money to Cancun. I should only guess that some feel that they may be the New breed of brilliant thinkers or seasoned stock gurus. Maybe they have the god syndrome thinking they should save all the unsuspecting from imminent DOOOM. Or maybe a group of opportunists thinking they will buy up the weak shares on technical lows… But more likely a group of minimum wage folks that are employed by certain MM’s to shake the market Tree as hard as they can so they can scoop up any shares prior to an impending run , whether it be a technical or a true PR run on the horizon. This is observed as fact in the Exact Same multiple postings using multiple aliases on EVERY board on the internet!
I really try not to pump or bash any stock. I happen to like this company but only after exhaustive DD on my part. I have called Every principle party related to this company going back years. IMO the SILENT period is due to the total SOX audit package and has been a stopping point for some very important reasons. The sudden and opportune timing of 2 acquisitions made by Plasticon in the early stages of their audit. These 2 companies had to have due diligence performed prior to purchase and once that had been done and all claims verified by independant Labs, technical sources, vendors, lean holders, ect.. and Plasticon then an SEC SOX Audit was ordered to seal the deal on EACH company. My instincts and DD tell me that they are complete and the purchases are complete. I further believe that the Overall SOX Auidt for Plasticon has been submitted to the SEC and the tweeking period is underway between the SEC and Plasticon. Upon Audit approval by the SEC the following uplisting forms will be in play and left for the SEC to give the Official OKIE DOKIE for Uplisting.
On the brighter side as well.... IMO we will also see more contracts gearing up for the spring construction season. These orders always come months in advance for scheduling and availability. Do your own due but in my opinion we are in a great opportunity. Just stinks that the market forces have been in play to the downside.
I hope Everyones Christmas was Blessed with Family Friends and the Joy of the Season.
Peace on the boards Good Luck to All.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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quote:Originally posted by ed19363: FOT, nice try, but the only thing you accomplished with your post is to get Motley Fool to agree with what we have been saying all along. Withing financials we aint going anywhere.
The Motley Fool exposure, IMHO, is a great thing. Even though the attitude on PLNI is slightly negative at this time, once the financials DO come out, and they will, then the exposure PLNI is getting now will only help.
The Motley Fool article stated that there was lots of positives going for PLNI, and the only thing they really were wanting to know was the financial performance, so once it comes out, and if it shows profitability and positive cash flow, then this one should really explode to a true market valuation, which IMHO should be around .03-.05 pps. And once PLNI demonstrates an ability to produce the 10Q's on time and consistently, then a .10-.20 pps is not unrealistic!
-------------------- 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
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posted
Why is it we are talking DD. The most important DD is being over looked. The company is diluting shares. Forcing the marketcap, o/s to increase while the PPS increases. Which means the public will have to cough up more money to bring it back to the price it was before the dilution period. Stop posting pps in a few months. Start wondering if the CEO will buyback these shares or will it be yet again a failed OTC stock.
Posts: 162 | From: Kentucky | Registered: Dec 2005
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Pitalful... You know...I see guys like you show up with 19 posts and have just came to AS this month...I've met you many times before just on different sites but with the same old message...
Many of us have been following this stock for a long time...99% of us have made our decision and understand the risk...So here you come to save the day with dark warnings of dilution and PLNI going into Pinkie Limbo...It makes me wonder your agenda...
If this is all you have to offer then we've all heard this story of gloom and doom before...You may effect some newbies or shake out a few shares but just give your employer a message that he'd better grab all the shares he can...this puppy's about to run...
quote:Originally posted by Pital: Why is it we are talking DD. The most important DD is being over looked. The company is diluting shares. Forcing the marketcap, o/s to increase while the PPS increases. Which means the public will have to cough up more money to bring it back to the price it was before the dilution period. Stop posting pps in a few months. Start wondering if the CEO will buyback these shares or will it be yet again a failed OTC stock.
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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quote:Originally posted by Bearclaw: Pitalful... You know...I see guys like you show up with 19 posts and have just came to AS this month...I've met you many times before just on different sites but with the same old message...
Many of us have been following this stock for a long time...99% of us have made our decision and understand the risk...So here you come to save the day with dark warnings of dilution and PLNI going into Pinkie Limbo...It makes me wonder your agenda...
If this is all you have to offer then we've all heard this story of gloom and doom before...You may effect some newbies or shake out a few shares but just give your employer a message that he'd better grab all the shares he can...this puppy's about to run...
quote:Originally posted by Pital: Why is it we are talking DD. The most important DD is being over looked. The company is diluting shares. Forcing the marketcap, o/s to increase while the PPS increases. Which means the public will have to cough up more money to bring it back to the price it was before the dilution period. Stop posting pps in a few months. Start wondering if the CEO will buyback these shares or will it be yet again a failed OTC stock.
I come here to spread word of a better tomorrow in the OTC market 2006 will be full of fun and money making stocks. Investing needs to changed into daytrading. Daytrade to get paid. You took the risk and the only risk which you can not beat. DILUTION.... What were you thinking?
Posts: 162 | From: Kentucky | Registered: Dec 2005
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posted
go pump your worthless stock elsewhere... run back to momo tail tucked and wimpering... Poor momo doesn't even dare come here himself anymore... He sends out the gimpy third string.
-------------------- Spend Word For Word With Me And I Shall Make Your Wit Bankrupt. Posts: 1326 | From: Here | Registered: Oct 2005
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I assure you... I'm nowhere near upset... The guys on this board who know me are laughing... they say you don't want to see DQR upset. Shouldn't you be running back to momo to get your treat now?
-------------------- Spend Word For Word With Me And I Shall Make Your Wit Bankrupt. Posts: 1326 | From: Here | Registered: Oct 2005
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posted
Deja Vu. Back in early november after the stock lost half its value in matter of weeks and people were starting to connect the dots on the company's hidden dilution activity, the old thread was closed and a new one opened the same day. New investors only found a lot of positive hype as all the good DD and history was on the old closed thread. We got the old thread reopened, but here we go again.
The next few days are the most dangerous for investors because this is typically the thinnest trading week of the year. Several people have recently commented that the old thread was one of the best and most civil for DD on Allstocks. Lets not deny newcomers the benefit of the DD and history behind this stock.
It may be great for a few swing traders, but nwbies could buy(and create) a light volume spike based on insufficient and biased info and end up holding the bag a day or two later. I fell for this when I first started trading pinks and I'm sure I'm not the only one.
Please reopen the old thread!!!!
No matter what our opinions of this stock, we owe it to our fellow investors to give them the most complete and easily accessible information possible.
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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Stockhunter... I absolutely agree with you...Folks need to hear both sides and have access to all the information available for them to make the best investment decision they can. Much of that DD was provided by you, State, Chopper, FOT and others...all respected members of AS with different views and very different reason each holds tight to their position...Good post..!!!!
Please reopen the old thread!!!!
No matter what our opinions of this stock, we owe it to our fellow investors to give them the most complete and easily accessible information possible.
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