Pre- Market News Alert: BUYINS.N E T initiates coverage of PLNI, identifying naked short selling of Plasticon Stock
Plasticon International, Inc. (PLNI) SqueezeTrigger Price is $0.008. Approximately 794 million Shares Shorted Since January 2005 According To ********** Research Report
In our update on Monday, we pointed out that TD Ameritrade would no longer accept purchase orders for Plasticon Int. (PLNI). In fact, many large, long term clients of Ameritrade were asked to move their trading accounts elsewhere will little or no explanation why. The Green Baron Report still does not have the answer, but it would not surprise us that is has something to do with the naked short position that was revealed this morning in a report through www.**********.
The Green Baron Report has researched a long list of discount brokerage firms that would be suitable for trading in Plasticon shares. Most firms tack on additional commission fees and surcharges. However, there is one that we found to be ideal for active traders, particularly one like Plasticon. The firm is Trading Direct which was established in 1997 and can be found at https://XXX.trading direct.com/. Our other choices would be Etrade and then Scottrade in that order. We suggest members to conduct your own research when considering a suitable place to execute your trades.
It appears that Ameritrade may have entered the dark side. It is frustrating to those that have provided them a great deal of support that they would turn so callous and uncaring. The Streamer® quotation system to get live streaming quotes and Level ll market maker positioning is a great perk for active clients at Ameritrade. For those who wish to gain access to a fantastic, independent stock quotation service, we suggest that you try the free trial to sample the services offered by Alphatrade on our home page www.*************.com or simply click the link below to take you direct:
Once again, The Green Baron Report believes this is just the tip of the iceberg when it comes to good news and progressive developments at Plasticon International. It may take three or four great press releases to regain the confidence among investors, but Plasticon appears ready to stage a massive rally from these prices. It appears a nice bottom has now formed at .0042 per share, and a breakout could occur any day.
The exclusive Green Baron webcast interview with Plasticon is coming soon! The Company has agreed to a full interview, but asked if it could occur following the release of the audited 2005 financials and unaudited first quarter 2006 numbers. Although we can not tell you exactly when this will happen, our guess is that we won’t have to wait very long at all. We only ask for just a little more patience, and we believe the reward will be worth the wait.
LEXINGTON, KY., May 10, 2006 – Plasticon International, Inc. (Pink Sheets: PLNI) wishes to inform its shareholders and the public that BUYINS.N E T has initiated coverage of Plasticon International, identifying naked short sellers of PLNI stock.
According to President and CEO Jim Turek, “This is invaluable information for our shareholders and public to be aware of. As we all know, the naked short selling of stock is a serious problem in the public markets in the United States and throughout the world .Naked short selling distorts what would otherwise be a free market, in other words, a market where a share price value is dictated by supply and demand only, and not by the undue influence of naked shorters, which through short selling, manipulate the price and put excessive downward pressure on the value of the stock.”
Mr. Turek continued, “I would urge all shareholders and the public to go to www.**********, and to carefully read a much more detailed explanation of how naked shorting of a security works, so that you can better understand this process and discover how together we might combat this. To learn more about the “Squeeztrigger price”, and other strategies to combat short sellers, please visit the following link on the BUYINS.N E T web site: http://XXX.buyins.n e t/squeezetrigger.pdf.”
May 10, 2006 (MARKETWIRE) – WWW.********** is initiating coverage of Plasticon International, Inc. (OTC: PLNI) after releasing the latest short sale data to May 2006. From January 2005 to May 2006 approximately 10.4 billion total aggregate shares of PLNI have traded for a total dollar value of nearly $83.5 million. The total aggregate number of shares shorted in this time period is approximately 794 million shares. The PLNI SqueezeTrigger price of $0.008 is the volume weighted average short price of all short selling in PLNI. A short squeeze is expected to begin when shares of PLNI close above $0.008. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://XXX.buyins.n e t.
Month Total Vol. Short Vol. Avg. Price Short $ Value
January ’05 99,733,360 7,679,469 $0.003 $23,038 February 162,740,080 12,530,986 $0.003 $35,087 March 69,280,392 5,334,590 $0.003 $15,470 April 105,720,168 8,140,453 $0.003 $23,607 May 1,030,887,616 79,378,346 $0.011 $849,348 June 639,579,456 49,247,618 $0.015 $753,489 July 450,594,752 34,695,796 $0.015 $530,846 August 429,448,672 33,067,548 $0.013 $423,265 September 423,765,856 32,629,971 $0.013 $437,242 October 462,601,408 35,620,308 $0.010 $370,451 November 964,371,008 74,256,568 $0.007 $534,647 December 940,215,360 72,396,583 $0.005 $383,702 January ’06 2,114,025,728 162,779,981 $0.005 $862,734 February 1,082,063,104 83,318,859 $0.007 $541,573 March 658,098,944 50,673,619 $0.006 $298,974 April 678,449,664 52,240,624 $0.005 $261,203 May 92,029,720 7,086,288 $0.004 $31,180
*short volume is approximated using a proprietary algorithm. **average short price is calculated using a volume weighted average short price. ***short volume is the total short trade volume and does not account for covers.
PLNI on OTC Naked Short Threshold List
Start End Days on List
January 7, 2005 January 13, 2005 5
February 14, 2005 February 18, 2005 5
Plasticon International, Inc. has been on the OTC Naked Short Threshold list 2 times. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. SEC Regulation SHO, under the Securities Exchange Act of 1934, mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.
About Plasticon International, Inc.
Plasticon International, Inc. designs, produces, and distributes high-quality concrete accessories, informational & directional 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.
Contact: Thomas Ronk, CEO www.BUYINS.n e t +1-800-715-9999 Tom*buyins.n e t
Contact: 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 whish 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.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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News Alert: PLNI Issues Press Release before Market Open
Plasticon International Inc. Completes Audited Financial Statements
On Tuesday, April 25, The Green Baron Report provided an update on Plasticon International following the Company's announcement it posted its disclosure document and unaudited financial statements with www.pinksheets.com. Our update was intended to assure our members that we were staying the course and still expected the Company to make good on its promises over the past year. Since the press release, chatter on the message boards warn that the Company would never file audited financials, conduct a buyback program, file to go on the Bulletin Board, or explain its shares structure. Still others are scaring investors with unfounded rumors like an imminent reverse split.
We believe scare tactics have helped contain the upside in PLNI share price till now. PLNI stock has given back the entire rally on April 25 to close once again at .0042 per share on Friday May, 5, the same closing price it had back on April 24. Adding to the concern, it appears the newly merged TD Ameritrade is asking many of its clients that hold Plasticon stock to move their accounts. We still cannot get an answer from Ameritrade why they would want to cast aside good clients other than that it was a "business decision". It looks to us like some pencil neck at TD Ameritrade may soon need to peruse the classifieds for a new job.
Today's press release confirms that Plasticon has filed audited financials, will follow through with a buyback program, and fully intends to go to the Bulletin Board. The Company recognizes the need to further explain its share structure and the current condition of the company. It appears that Plasticon is very excited about numbers from the first quarter of 2006. CEO Jim Turek states, "These numbers will clearly show a dramatic turnaround in the sales and earnings of the Company and demonstrate unmistakably that the Company has turned the corner has now begun the initial stages of its growth years."
On April 25, 2006 The Green Baron Report said, "Most importantly, we firmly believe that Plasticon still has absolutely no intention to reverse split its shares." In today's news that strictly refutes the reverse split rumors it says, "…the Company wishes to be clear that there are no plans for a reverse split now or in the future." CEO Turek adds, "The Company fully intends to address the restructuring of Plasticon's issued and outstanding shares through the buy back program, and we fully intend to commence the buyback in the very near term."
We recognize that a lot of Green Baron members own Plasticon judging by the amount of email we receive. We have been promising our members an exclusive Green Baron webcast with CEO Jim Turek and Senior Consultant Bill Howe as soon as audited financials were filed. The Green Baron Report has already been in contact with them and they have kindly accepted our request for a webcast interview. We hope to have the webcast interview available by the end of this week, and will ask many of the questions you have sent us over the past several months.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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Looking better all the time. After 05 auditeds are out and people open their eyes again, I see no reason why we won't be at .02 again. I'm expecting better once the Promold and Semco numbers are added to the equation. Goooo PLNI!
-------------------- It's only money..We'll make more tomorrow! Posts: 788 | From: Tx. | Registered: Jun 2005
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quote:Originally posted by smalltime: Hey time2drum, Did you find out about anything at ameritrade???????????????
No one seems to know (or say?) anything. Spoke with Customer Service and Reorg. Dept. Also, spoke with Aundrea Cox at PLNI Investor Relations (407-884-0444) who told me that Ameritrade hasn't allowed any buys in a week, although you can sell if you already hold a position. She further stated that Ameritrade has not responded to their requests to clarify why they have a restriction on purchasing PNLI.
Grrrrrrr. Never had a problem with them before. Hope this isn't the TD Waterhouse / Ameritrade improved services deal.
Posts: 616 | From: Mid West | Registered: Mar 2006
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Is this correct. TDAmer been loaning my shares to be shorted driving down pps. The squeeze is on. GLTA.
Posts: 758 | From: FOREST,MS | Registered: Feb 2005
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GV... I opened another account with E-Trade yesterday morning. I filled out the forms to transfer my PLNI shares over to them. They said it would take 7-10 business days to complete the transfer.I took this chance having a two week window because I think PLNI will continue to rise and I would not have a reason to sell...I hope I'm right...
Ameritrade has been good to me since signing up in 2002...This situation has me pizzzed off but I do undertand their position...Rememeber when signing up with on-line brokers we sign our lives away...They can liquidate our accounts for any reason at anytime...All on-line brokers make sure we agree to that when we sign on...so...
My other holdings remain with Ameritrade...Now I'll have two on line brokers that I use...I'm hoping this makes my positions, both shares and cash position safer...GLTA
quote:Originally posted by GVMOORE: Is this correct. TDAmer been loaning my shares to be shorted driving down pps. The squeeze is on. GLTA.
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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quote:Originally posted by Bearclaw: ...Rememeber when signing up with on-line brokers we sign our lives away...They can liquidate our accounts for any reason at anytime...All on-line brokers make sure we agree to that when we sign on...so...
[/QB]
huh? can you divulge on that please?
Posts: 145 | Registered: Oct 2003
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quote:Originally posted by Bearclaw: ...Rememeber when signing up with on-line brokers we sign our lives away...They can liquidate our accounts for any reason at anytime...All on-line brokers make sure we agree to that when we sign on...so...
huh? can you divulge on that please? [/QB]
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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quote:Originally posted by buck*******: DQ...I can't buy at this price...but NOT because I'm an idiot...I can't buy at this price....because Ameritrade won't let me!
Well I hate to hear that. Get another broker. I'm changing from Scottrade to Choicetrade cause I'm tired of paying Scottrade their sorry commissions.
Look at the bright side.....Deer season is just months away....Can you say BOWHUNTING????????
-------------------- It's only money..We'll make more tomorrow! Posts: 788 | From: Tx. | Registered: Jun 2005
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quote:Originally posted by buck*******: DQ...I can't buy at this price...but NOT because I'm an idiot...I can't buy at this price....because Ameritrade won't let me!
Well I hate to hear that. Get another broker. I'm changing from Scottrade to Choicetrade cause I'm tired of paying Scottrade their sorry commissions.
Look at the bright side.....Deer season is just months away....Can you say BOWHUNTING????????
-------------------- ***********************
It's all in the timing... Posts: 4303 | From: DSA | Registered: Dec 2003
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BUCK*******: What happened to the question concerning the Picture of the new CEO at CWFG? I've tried from several angel but can't seem to get an answer. I'm in both of these and find the lack of discussion on PLNI odd. There's been some good new lately. Has every one that use to be here, Gone?
Posts: 35 | From: Mauldin , S.C. | Registered: Aug 2005
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Amos... We're just hanging out waiting for numbers...playing other stocks...folks will all be back when Turek gets the rest out...take care man...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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Most of us are still here moses, but prefer to wait quietly and patiently until Turek finally comes through with his promises. I think most are like me and would rather prefer to keep quiet versus saying something derogatory...especially if we believe in this company & it's products...since it accomplishes nothing and is detrimental to our interests...unless of course we're looking to pick up more shares at a lower price. That's my humble opinion only...
-------------------- "It's a dog-eat-dog world, and I'm wearing Milkbone underwear"...Norm (Cheers) Posts: 69 | From: Atlanta | Registered: Apr 2005
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It appears TDAmeritrade has been caught with their fingers in the shorter's cookie jar. They have now released PLNI for trading as of TODAY! You must place the orders with a broker but PLNI is back up with TDAmeritrade!!!!!!!!!!! This has been verified by phone with TDAmeritrade.
This is the message you will receive if you try to place an online order as of today. "Opening transactions for this security must be placed with a broker. Please contact us."
Posts: 132 | From: NC | Registered: Jun 2005
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PLNI -- Special Updates - Monday, May 29, 2006 - Plasticon Intl. (PK: PLNI)
Plasticon Files Un-audited Year 2005 and First Quarter 2006 Financials on PinkSheets.com
Latest filings indicate PLNI will regain listing on PinkSheets.com and emerge from quiet period
In our last major update on PLNI on May 10, we urged our members to have “just a little more patience, and we believe the reward will be worth the wait”. We understand that the past several weeks have been frustrating as PLNI has tested lows at about .0037 per share, a level not seen since last December. The closing price of .004 per share on Friday, May 26 may very well be the lowest price we see again on PLNI stock.
In a press release issued on May 8, 2006, CEO Jim Turek stated, “In the coming days and weeks, the Company will be making additional financial information available to its shareholders and the public, which will include un-audited financial statements for the first quarter of 2006. These numbers will clearly show a dramatic turnaround in the sales and earnings of the Company and demonstrate unmistakably that the Company has turned the corner has now begun the initial stages of its growth years.” It took less than three weeks for PLNI to deliver on this statement, and The Green Baron Report believes Plasticon and CEO Jim Turek are ready turn up the fire.
Revenues for the first quarter of 2006 did, in fact, show that Plasticon has turned the corner. The Company recorded over $1.83 million in revenue in just three months, a revenue number that trumps any other revenue figure reported by Plasticon. The spark in growth indicates to The Green Baron Report that Plasticon is indeed for real, and we are likely seeing just the embryonic stages of a huge growth story. The 17-page unaudited first quarter numbers can now be viewed at https://www.otcstockinfo.com/repository/671/671_FR12.pdf
The last time Plasticon resurrected itself from a trading level similar to recent weeks was last December. During the month of January 2006, PLNI stock rallied from about .0036 per share to as high as .0109 per share. The Company was criticized for over reporting its contracts and business plans prior to producing financial reports. In the beginning of February, PinkSheets.com would no longer list PLNI stock unless it filed unaudited financials all the way to its most recent quarter and answer a long list of questions. PLNI stock has suffered while it focused on getting all these reports completed and held off from announcing deal flow.
Although a final approved audit of year 2005 numbers will be necessary before PLNI can apply for a Bulletin Board listing, we believe the un-audited filings will now give Plasticon the ability to explain its tremendous growth story. In the coming weeks, The Green Baron Report plans to conduct at least one exclusive Green Baron Webcast interview with Plasticon. We are intent on making the company answer our questions, many of which have come directly from our loyal readers.