posted
You know Bear, I might not be in total dsiagreement with you regarding that there may be an opporunity here, in the SHORT TERM. True it can't get much lower, it saw its 52 week low, maybe its all time low at .0016. That being said it is good for a swing only, this is NOT a LONG TERM play, imo.
Past those facts, I don't need to be informed.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
Bearclaw, forget it. I have no fight in this war. I'm leaving for vacation come Sunday and won't be here to debate you. All I can say is that from everything I have read on this stock, it's a dog and my hunch is that a lot of people have lost a lot of money because of non-stop pumping over the last year. If the stock actually was worth anything, the pps would reflect it. You can point to new developments and aquisitions as much as you like but it's still a garbage stock until the pps shows otherwise in my opinion. Maybe, just maybe it'll run a little bit but it's going to be damn short lived and it's never going to be what you hope.
As far as Will goes, yeah, I know him. We've both been here for almost three years now and we've been through stocks like these a few times together. No, I don't agree with everything he says but in this case, it's obvious that he was dead on. Instead of you and Chopper tearing him up with every one of his posts, why not try listening to him with an open mind? Follow some of his picks. You'll come to learn that he knows his stuff.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
upside....looks like will likes PLNI for a bounce here. Doesn't sound to me that he thinks PLNI is a garbage stock at the moment.
Posts: 221 | From: michigan | Registered: Jun 2005
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quote:Originally posted by successinstock: upside....looks like will likes PLNI for a bounce here. Doesn't sound to me that he thinks PLNI is a garbage stock at the moment.
Yeah, that's what I said. A bounce, but a very short lived on. Play the small run (if it happens) and get out.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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I've been swinging this stock for shares for over a year now...I do my own DD every day on PLNI...It has been and will be very good to me if what i believe is happening is true...we'll only know that in the future...No one can assure that with any stock...that's what DD is about...
There is much more here than this site discusses...Everyone has to make their own decisions...but...I listen much more to shareholders than anyone else and also share whatever DD I have via PM's, e-mails and phone calls...I consider them partners...
There aren't many folks in Pennyland who I trust so I do all almost all my own DD..If I trust the word of someone elses DD then I deserve to get burned...My own fault...Let me know if you're in and become a shareholder...GLTA
...
quote:Originally posted by will: You know Bear, I might not be in total dsiagreement with you regarding that there may be an opporunity here, in the SHORT TERM. True it can't get much lower, it saw its 52 week low, maybe its all time low at .0016. That being said it is good for a swing only, this is NOT a LONG TERM play, imo.
Past those facts, I don't need to _iconformed.
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
Hey Success... So are you playing the short term in and out? We've been around too long for the short play hey??? I'm in till the fat lady sings ...I need college tuition for two hahahaha...Now don't mistake being in for the long haul with not trading at every opportunity to increase my position...Long but not stupid...How about you?
quote:Originally posted by successinstock: upside....looks like will likes PLNI for a bounce here. Doesn't sound to me that he thinks PLNI is a garbage stock at the moment.
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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"The Note also provides that in the event that the Company terminates the employment of John P. Murphy, III, as President and Chief Executive Officer of Pro Mold without cause, all amounts owed under the Note shall be accelerated and shall immediately become due and payable to the Trust without further demand."
don't let him piss off the wrong person eh?
I find it almost humorous to be talking about the NASDAQ and the last para is about dilution. Good to go along with my cup of coffee.
[ August 05, 2006, 09:53: Message edited by: BooDog ]
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Plasticon Announces That Its FY 2005 First, Second and Third Quarter Financial Statements Have Been Filed With the SEC; Plasticon's Auditing Firm States FY 2005 Audited Financials to Be Completed and Filed in August 8/3/2006
LEXINGTON, KY, Aug 03, 2006 (MARKET WIRE via COMTEX News Network) -- Plasticon International, Inc. (PINKSHEETS: PLNI) announced today that the Company's auditing firm has completed the reviews for the first, second and third quarters for FY 2005, and that the audited financial statements for the first three quarters of 2005 have now been filed with the SEC.
According to Jim Turek, President and CEO of Plasticon International, Inc., "Jim Berger, principal of Mendoza & Berger, Plasticon's auditor of record, has written a letter informing the Company that all three quarters for 2005 have been reviewed and filed with the SEC. Additionally, Mr. Berger stated in his letter that the 2005 audit will be completed shortly. (For reference, please see a copy of the letter from Mendoza and Berger enclosed with this release). While the completion of this work does not allow the Company to achieve a timely filing of its periodic reports as required by the Securities Exchange Act of 1934, the Company is working to implement practices that will allow it to become timely in meeting its filing obligations in the future."
Mr. Turek also stated that, "We are pleased to be turning the corner and closing this chapter in the company's history so that we can look forward to focusing on growing the business. The completion of the 2005 audit opens many doors for the Company and will finally allow Plasticon to address the issue of reducing the share structure of the corporation through its anticipated buyback program."
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 3288 Eagle View Lane, Suite 290 Lexington, Kentucky 40509 web site: www.plasticonintl.com Contact Investor Relations: Andrea Cox Ph: 866 843 2775
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
99.2 First Amendment to Share and Asset Purchase Agreement
99.3 Employment Agreement
99.4 Promissory Note
99.5 Stock Pledge Agreement
EXHIBIT 99.1
SHARE AND ASSET PURCHASE AGREEMENT
THIS SHARE AND ASSET PURCHASE AGREEMENT (the "Agreement") is entered into and effective as of December 5, 2005, by and between PLASTICON INTERNATIONAL, INC., a Wyoming corporation presently trading on the Electronic Pink Sheets (“ PLNI ”) and PRO MOLD, INC., a Missouri corporation (“ PMI ”) and the JOHN P. MURPHY III Revocable Trust No. 1 (the “ TRUST ”) and the 10315 LLC , a Missouri Limited Liability Company (the “ LLC ”).
1. RECITALS
This Agreement is entered into with reference to and in contemplation of the following facts, circumstances and representations:
1. The TRUST is the owner of 1,000 shares of the common stock of PMI which represent all of the issued and outstanding shares of PMI (the " PMI Shares").
2. The LLC is also the owner of certain assets utilized by PMI in the operation of its business (the “ LLC assets”) and which are more specifically described in the attached Schedule “A.”
3. PLNI desires to purchase both the PMI Shares and the LLC Assets in accordance with the terms and conditions of this Agreement.
2. TERMS AND CONDITIONS OF PURCHASE
2.1 Purchase Price for PMI Shares and LLC Assets : The purchase price for the acquisition of both the PMI Shares and the LLC Assets will be the sum of $3,500,000 (the “Purchase Price”) which will be payable as follows:
1. The cash sum of $2,500,000 payable to the Trust and LLC on December 20, 2005.
2. The balance of the Purchase Price of $1,000,000 payable to the Trust in the form of a Promissory Note (the “Note”) executed by PLNI , a copy of which (together with the Security Agreement described below) is attached hereto in Schedule “B.” and this Note shall be delivered to the Trust at the Closing. The Note shall be payable in equal monthly installments over a five year period beginning April 1, 2006, and shall bear an interest rate of five (5) percent per annum.
PLNI and PMI shall also execute and deliver to the TRUST the Security Agreement (attached hereto as part of Schedule “B”) to secure the Note which shall grant to secured party a security interest in the machinery and equipment of PMI and the proceeds thereof subject only to the prior
security interest of Regions Bank not to exceed the sum of $400,000. The Note and Security Agreement shall provide that in the event of PLNI ’s termination of the employment of John P. Murphy III (“ JPM” ) as President and CEO of PMI without cause as described in Paragraph 5 of the Employment Agreement attached hereto all amounts owed under the Note shall be accelerated and shall immediately become due and payable to the Trust without any further demand.
2.2 Allocation of Purchase Price : The Purchase Price for the PMI Shares and the LLC Assets shall be allocated as follows:
1. PMI Shares: $3,435,000.00
2. LLC Assets: $65,000.00
2.3 Bill of Sale for LLC Assets : At the Closing the LLC shall cause to be delivered to the Escrow Agent a Bill of Sale and Assignment for Purchased Assets for the LLC Assets which shall be in compliance with the laws of the State of Missouri (the “Bill of Sale”) and such other documents of conveyance as may be necessary to effectuate the transfer of title to the LLC Assets to PLNI . The LLC Assets as set forth in the Bill of Sale shall be those assets described in the attached Schedule “A.” A copy of the Bill of Sale is attached hereto.
3. REPRESENTATIONS AND WARRANTIES OF PLNI
PLNI represents and warrants to the LLC , PMI , the trust and jpm as follows:
3.1 Organization : PLNI is a corporation duly incorporated and validly existing under the laws of the State of Wyoming and is in good standing with respect to all of its regulatory filings.
3.2 Books and Records : All material transactions of PLNI have been promptly and properly recorded or filed in or with its books and records and the Minute Book of PLNI contains records of all meetings and proceedings of the shareholders and directors thereof.
3.3 Legal Compliance : To the best of its knowledge, PLNI is not in breach of any laws, ordinances, statutes, regulations, by-laws, orders or decrees to which PLNI is subject or which apply to it or any of its assets.
3.4 Tax Returns : All tax returns and reports of PLNI required by law to be filed prior to the date hereof have been filed and have been certified by its auditor as being substantially and materially true, complete and correct and all taxes and governmental charges have been paid.
3.5 Adverse Financial Events : To its best knowledge PLNI has not experienced nor is it aware of any occurrence or event which has had or might reasonably be expected to have a material adverse effect on its financial condition.
3.6 Disputes, Claims and Investigations : To its best knowledge there are no disputes, claims, actions, suits, judgments, investigations or proceedings outstanding or pending or to the
knowledge of PLNI threatened against or affecting PLNI at law or in equity or before or by any federal, state, municipal or other governmental department, commission, board, bureau or agency.
3.7 No Conflicts or Agreement Violations : The execution, delivery and performance of this Agreement and all documents referenced herein to be executed, delivered and performed by PLNI will not conflict with or be in violation of the articles or by-laws of PLNI or of any agreement to which PLNI is a party and will not give any person or company a right to terminate or cancel any agreement or right enjoyed by PLNI and will not result in the creation or imposition of any lien, encumbrance or restriction of any nature whatsoever in favor of a third party upon or against the assets of PLNI .
3.8 Corporate Authority : The officers or representatives of PLNI executing
this Agreement and all documents referenced herein to be executed by PLNI represent that they have been authorized to execute, deliver and perform this Agreement and all such documents to be executed, delivered and performed by PLNI and to carry out all the transactions contemplated thereunder, pursuant to a resolution of the Board of Directors of PLNI .
In the event PMI , the Trust, JPM and/or LLC has any claim, damages or liabilities suffered or incurred by them or asserted by a third party arising from a breach of any of the representations and warranties set forth in this Paragraph 3, PMI , the Trust and/or LLC shall give PLNI on or before June 30, 2006, written notice of any such claim, damages and/or liabilities together with a copy of any and all information available regarding any such claim, damages and/or liabilities. If such notice is not received by PLNI on or before June 30, 2006, any and all such claims, damages and liabilities shall be forever released and waived by PLNI . Time is of the utmost essence and shall be strictly construed.
4. REPRESENTATIONS OF THE LLC AND PMI
The TRUST and the LLC and PMI collectively and individually hereby represent and warrant to PLNI as follows:
4.1 Share Ownership : That the TRUST is the owner, beneficially and of record, of the PMI Shares and said shares are free and clear of all liens, encumbrances, claims, charges and restrictions except for those disclosed in writing by the TRUST to PLNI prior to the execution of this Agreement or as reflected in the financial Statements furnished by TRUST or PMI to PLNI as provided herein.
4.2 LLC Asset Ownership : That the LLC is the owner, beneficially and of record, of the LLC Assets and said assets are free and clear of all liens, encumbrances, claims, charges and restrictions except for those disclosed in writing by the LLC to PLNI prior to the execution of this Agreement and/or as reflected in the financial Statements furnished by PMI to PLNI as provided herein.
4.3 Transferability of PMI Shares : That the TRUST has full power to
transfer the PMI Shares to PLNI without obtaining the consent or approval of any other person or governmental authority.
4.4 Validly Issued and Authorized Shares : That the PMI Shares are validly authorized and issued, fully paid, and non-assessable, and the PMI Shares have been so issued in full compliance with all securities laws of the State of Missouri.
4.5 PMI Organization : PMI is a corporation duly incorporated and validly existing under the laws of the State of Missouri and is in good standing with respect to all of its regulatory filings.
4.6 Capitalization : The authorized capital of PMI consists of 30,000 common shares with a par value of $1.00 and of which 1,000 common shares are issued and outstanding as fully paid and non-assessable shares.
4.7 Financial Statements : PMI will have furnished to PLNI prior to the close of Escrow, audited financial statements for the period ending December 31, 2004 and unaudited financial statements for the period ending September 30, 2005. At the Closing the financial affairs of PMI will be materially and substantially the same as represented in these same financial statements and/or as otherwise disclosed in writing by PMI to PLNI prior to the execution of this Agreement.
4.8 Books and Records : All material transactions of PMI have been promptly and properly recorded or filed in or with its books and records and the Minute Book of PMI contains records of all meetings and proceedings of the shareholders and directors thereof.
4.9 Legal Compliance : To the best of its knowledge, PMI is not in breach of any laws, ordinances, statutes, regulations, by-laws, orders or decrees to which PMI is subject or which apply to it or any of its assets.
4.10 Tax Returns : All tax returns and reports of PMI required by law to be filed prior to the date hereof have been filed and have been certified by PMI ’s auditor as being substantially and materially true, complete and correct and all taxes and governmental charges have been paid.
4.11 Adverse Financial Events : To the best of its knowledge PMI has not experienced nor is it aware of any occurrence or event which has had or might reasonably be expected to have a material adverse effect on its financial condition.
4.12 Disputes, Claims and Investigations : To the best of its knowledge there are no disputes, claims, actions, suits, judgments, investigations or proceedings outstanding or pending or to the knowledge of PMI threatened against or affecting PMI at law or in equity or before or by any federal, municipal or other governmental department, commission, board, bureau or agency.
4.13 Employee Liabilities : To the best of its knowledge PMI has no liability to former employees or any liability to any government authorities with respect to current or former employees.
4.14 No Conflicts or Agreement Violations : The execution, delivery and performance of this Agreement and all documents referenced herein to be executed, delivered and performed by PMI will not conflict with or be in violation of the Articles of Incorporation of PMI or of any agreement to which PMI is a party and will not give any person or company a right to terminate or cancel any agreement or right enjoyed by PMI and will not result in the creation or imposition of any lien, encumbrance or restriction of any nature whatsoever in favor of a third party upon or against the assets of PMI .
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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posted
Tom from Buy ins dot net still has plni cumulatively SHORT 795,000,000 shares. Squeeze trigger .0078-.008. This is as of August 4th 2006. That sure seems like a bunch of shares short to me.
It's a shame when companies really need to dilute to buy capital equipment or use the proceeds for acquisitions that the shorters jump right in and try to destroy the company with bad paper shorting the stock driving the pps lower and lower; Knowing darn well that the company must continue untill they reach the dollars needed for that particular purchase. Just seems criminal to me and could cause ENDLESS DELAYS in projects for these penny companies or worse yet, send them into BK. JMO
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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With the very real potential for the CPA certified Audit hitting the Street in the net 10 days, and Preferred-for-Common share swaps, Buy-Backs, and Share Retirements all a distinct possibility in the near term, the BashHoles and their sleazy employers could be in for a really rough go of it. Yeah, I know, ...it breaks my heart too. "..Tee hee....
posted
YS, you've been pumping this stock for years now.. all the while it has gone lower and lower. Do you feel any guilt at all about the money lost by people who have bought this stock on your suggestion?
Posts: 2965 | Registered: Aug 2005
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would it be possible if you could please provide the link to this latest report?
quote:Originally posted by Chopper: Tom from Buy ins dot net still has plni cumulatively SHORT 795,000,000 shares. Squeeze trigger .0078-.008. This is as of August 4th 2006. That sure seems like a bunch of shares short to me.
It's a shame when companies really need to dilute to buy capital equipment or use the proceeds for acquisitions that the shorters jump right in and try to destroy the company with bad paper shorting the stock driving the pps lower and lower; Knowing darn well that the company must continue untill they reach the dollars needed for that particular purchase. Just seems criminal to me and could cause ENDLESS DELAYS in projects for these penny companies or worse yet, send them into BK. JMO
the poster Yellowsubmarine writes similar to someone else on other boards...
do he have another alias on other boards?
quote:Originally posted by Relentless.: YS, you've been pumping this stock for years now.. all the while it has gone lower and lower. Do you feel any guilt at all about the money lost by people who have bought this stock on your suggestion?
posted
his name is also jmhollen on a few other boards.. He's been promoting PLNI for years and has been exposed as a profesional promoter paid for by PLNI indirectly.
Posts: 2965 | Registered: Aug 2005
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posted
I wish I could post a link. Tom was featured on MN 1 and did an on the spot report of PLNI and 6 other stocks on Friday.
quote:Originally posted by Carrie: Chopper,
would it be possible if you could please provide the link to this latest report?
quote:Originally posted by Chopper: Tom from Buy ins dot net still has plni cumulatively SHORT 795,000,000 shares. Squeeze trigger .0078-.008. This is as of August 4th 2006. That sure seems like a bunch of shares short to me.
It's a shame when companies really need to dilute to buy capital equipment or use the proceeds for acquisitions that the shorters jump right in and try to destroy the company with bad paper shorting the stock driving the pps lower and lower; Knowing darn well that the company must continue untill they reach the dollars needed for that particular purchase. Just seems criminal to me and could cause ENDLESS DELAYS in projects for these penny companies or worse yet, send them into BK. JMO
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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posted
Aren't there monthly reports on shorts that are issued by this guy?
Has he stopped issuing the reports?
quote:Originally posted by Chopper: I wish I could post a link. Tom was featured on MN 1 and did an on the spot report of PLNI and 6 other stocks on Friday.
quote:Originally posted by Carrie: Chopper,
would it be possible if you could please provide the link to this latest report?
quote:Originally posted by Chopper: Tom from Buy ins dot net still has plni cumulatively SHORT 795,000,000 shares. Squeeze trigger .0078-.008. This is as of August 4th 2006. That sure seems like a bunch of shares short to me.
It's a shame when companies really need to dilute to buy capital equipment or use the proceeds for acquisitions that the shorters jump right in and try to destroy the company with bad paper shorting the stock driving the pps lower and lower; Knowing darn well that the company must continue untill they reach the dollars needed for that particular purchase. Just seems criminal to me and could cause ENDLESS DELAYS in projects for these penny companies or worse yet, send them into BK. JMO
Are you talking about PLNI diluting its shareholders in order to buy capital equipment and pay for acquisitions?
quote:Originally posted by Chopper: Tom from Buy ins dot net still has plni cumulatively SHORT 795,000,000 shares. Squeeze trigger .0078-.008. This is as of August 4th 2006. That sure seems like a bunch of shares short to me.
It's a shame when companies really need to dilute to buy capital equipment or use the proceeds for acquisitions that the shorters jump right in and try to destroy the company with bad paper shorting the stock driving the pps lower and lower; Knowing darn well that the company must continue untill they reach the dollars needed for that particular purchase. Just seems criminal to me and could cause ENDLESS DELAYS in projects for these penny companies or worse yet, send them into BK. JMO
posted
I really do not want to be rude by any stretch Carrie, so don't take it this way. There is so much to this story I would need several pages of space to just touch on the timeline of what has happened with company. Please go thru the various threads and check out the DD. Thanks and GLTY
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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I asked a very simple question. I don't need 300 pages to read in order to answer my simple question:
"Chopper
Are you talking about PLNI diluting its shareholders in order to buy capital equipment and pay for acquisitions?"
quote:Originally posted by Chopper: I really do not want to be rude by any stretch Carrie, so don't take it this way. There is so much to this story I would need several pages of space to just touch on the timeline of what has happened with company. Please go thru the various threads and check out the DD. Thanks and GLTY
posted
Slick Carrie slick, just not in the mood for silly debating. Read the threads and filings. Now time for Family. Enjoy the rest of your weekend with yours. GLTY
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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OK, I understand. I guees this message board is not intended to debate the positives and negatives of a stock.
Just for the record,
I was trying to understand what you were saying when you posted the following message:
"Tom from Buy ins dot net still has plni cumulatively SHORT 795,000,000 shares. Squeeze trigger .0078-.008. This is as of August 4th 2006. That sure seems like a bunch of shares short to me.
It's a shame when companies really need to dilute to buy capital equipment or use the proceeds for acquisitions that the shorters jump right in and try to destroy the company with bad paper shorting the stock driving the pps lower and lower; Knowing darn well that the company must continue untill they reach the dollars needed for that particular purchase. Just seems criminal to me and could cause ENDLESS DELAYS in projects for these penny companies or worse yet, send them into BK. JMO "
quote:Originally posted by Chopper: Slick Carrie slick, just not in the mood for silly debating. Read the threads and filings. Now time for Family. Enjoy the rest of your weekend with yours. GLTY
posted
Not to try and read the Honorable Choppers mind...but...
I'm reading that he gave the numbers PLNI is shorted....
...and then started talking about the possible down side of shorting for companies in general ...I didn't read this as an opinion on PLNI just a general condition... "It's a shame when companies"....IMO
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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Short Interest Percent Change Average Daily Share Volume Days to Cover 183,755 100.00 12,760,003 1.00
quote:Originally posted by Bearclaw: Not to try and read the Honorable Choppers mind...but...
I'm reading that he gave the numbers PLNI is shorted....
...and then started talking about the possible down side of shorting for companies in general ...I didn't read this as an opinion on PLNI just a general condition... "It's a shame when companies"....IMO
posted
Yepper...big difference...Chopper's talking about the entire short position accumulated...
You are quoting the Short Interest for July 2006 only...
This is the second post I've had to interpret what you are reading...Please read carefully... thanks
Short Interest for July 2006
Short Interest Percent Change Average Daily Share Volume Days to Cover 183,755 100.00 12,760,003 1.00
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
Sent an e-mail to ask about expected share structure, we'll see what I get back.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
reply received at 1150. told to call the toll free #.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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What I don't understand is that you would post that it is an August 4th figure.
quote:Originally posted by Chopper: I wish I could post a link. Tom was featured on MN 1 and did an on the spot report of PLNI and 6 other stocks on Friday.
quote:Originally posted by Carrie: Chopper,
would it be possible if you could please provide the link to this latest report?
quote:Originally posted by Chopper: Tom from Buy ins dot net still has plni cumulatively SHORT 795,000,000 shares. Squeeze trigger .0078-.008. This is as of August 4th 2006. That sure seems like a bunch of shares short to me.
It's a shame when companies really need to dilute to buy capital equipment or use the proceeds for acquisitions that the shorters jump right in and try to destroy the company with bad paper shorting the stock driving the pps lower and lower; Knowing darn well that the company must continue untill they reach the dollars needed for that particular purchase. Just seems criminal to me and could cause ENDLESS DELAYS in projects for these penny companies or worse yet, send them into BK. JMO
posted
This is why. Tom Roc said on a live broadcast on August 4th, 2006 that the playing field hasn't changed and the short interest is still valid.
[QUOTE]Originally posted by Chopper: [QB] Tom from Buy ins dot net still has plni cumulatively SHORT 795,000,000 shares. Squeeze trigger .0078-.008. This is as of August 4th 2006. That sure seems like a bunch of shares short to me.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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It seems that you really don't know what "short interest" is.
You state that "the short iterest is still valid" implying the 795 million share figure from this Tom Roc guy.
Take some time and review one of Tom Roc's reports and see if you can find the term "short interest", you can't, because he is not talking about short interest as you have misquoted him below.
"Short Interest" is the total amount of short shares that are OUTSTANDING at any point in time.
Tom Roc's figures report the "total aggregate number of shares shorted in a reported time period". Tom's figures are theoretical and do not take into account any amounts that have been bought into...
The official otcbb figures, on the other hand, correctly label their figures "short interest" since they are the TOTAL AMOUNT OF SHORT SHARES OUTSTANDING as of a certain point in time.
I hope this helps you better understand so that next time you don't mislead the readers of this message board.
quote:Originally posted by Chopper: This is why. Tom Roc said on a live broadcast on August 4th, 2006 that the playing field hasn't changed and the short interest is still valid.
[QUOTE]Originally posted by Chopper: [QB] Tom from Buy ins dot net still has plni cumulatively SHORT 795,000,000 shares. Squeeze trigger .0078-.008. This is as of August 4th 2006. That sure seems like a bunch of shares short to me.
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